American First Mortgage Rates, Fees & Info

Brea, CA

LEI: 549300GIVX5W7UETD809

Tax ID: 33-0358683

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    American First is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. American First has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, Riverside, and Las Vegas among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American First has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. American First is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.69% 12/16/24
    30 Year Conventional Refi 5.49% 12/16/24
    30 Year Cash-out Refi 5.39% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 3.48% 12/16/24
    15 Year Cash-out Refi 3.48% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    American First Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from American First. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    234

    Origination Dollar Volume (All Markets)

    $156,640,000

    Awards

    AMERICAN FIRST 30 Year Conventional Loans silver AMERICAN FIRST 30 Year Conventional Loans silver AMERICAN FIRST 30 Year Conventional Loans silver
    Show all (3) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 128 $70,770,000 $552,891 $5,509 4.66%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 11 $18,405,000 $1,673,182 $6,130 3.86%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $17,155,000 $2,450,714 $14,112 3.67%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 41 $7,295,000 $177,927 $4,889 5.16%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 6 $7,110,000 $1,185,000 $4,323 5.10%
    Edwards, CO (FHA|USDA|VA) 1 $4,955,000 $4,955,000 $111,680 6.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $4,470,000 $2,235,000 $0 4.99%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $3,990,000 $1,995,000 $0 3.79%
    RENO, NV (FHA|USDA|VA) 1 $3,505,000 $3,505,000 $0 3.90%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $3,075,000 $3,075,000 $0 3.17%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $2,255,000 $2,255,000 $5,858 5.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $1,900,000 $950,000 $3,474 5.30%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $1,775,000 $1,775,000 $0 3.54%
    SALINAS, CA (FHA|USDA|VA) 2 $1,400,000 $700,000 $3,883 3.70%
    BEND, OR (FHA|USDA|VA) 2 $1,280,000 $640,000 $0 3.57%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $5,739 7.13%
    BOULDER, CO (FHA|USDA|VA) 2 $1,020,000 $510,000 $3,475 4.35%
    REDDING, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 3.54%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $855,000 $285,000 $7,103 4.04%
    Outside of Metro Areas 2 $540,000 $270,000 $3,681 4.06%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $485,000 $97,000 $3,244 5.28%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $355,000 $355,000 $7,222 5.00%
    VALLEJO, CA (FHA|USDA|VA) 2 $310,000 $155,000 $3,151 3.63%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $255,000 $255,000 $7,391 6.00%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $255,000 $255,000 $3,563 3.25%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $5,938 3.25%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,248 3.13%
    VISALIA, CA (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.75%
    FRESNO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,620 5.75%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.50%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.50%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.75%
    American First's top markets include Los Angeles, San Francisco, San Diego, Riverside, and Las Vegas among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AMERICAN FIRST based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SAFEAMERICA CREDIT UNION
    Similarity Rank: 54
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    Los Angeles Federal Credit Union
    Similarity Rank: 248
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 429
    FRONTWAVE
    Similarity Rank: 544
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 648
    LBS FINANCIAL
    Similarity Rank: 707
    First City Credit Union
    Similarity Rank: 720
    VENTURA COUNTY
    Similarity Rank: 882
    Christian Community Credit Union
    Similarity Rank: 990

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 154 $146,080,000 $948,571 $6,604 4.32%
    HELOC 80 $10,560,000 $132,000 n/a 5.33%

    For 2022, American First's most frequently originated type of loan was Conventional, with 154 originations. Their 2nd most popular type was HELOC, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 111 $80,365,000 $724,009 $4,187 4.10%
    Other 62 $7,530,000 $121,452 $742 5.76%
    Home Purchase 46 $50,730,000 $1,102,826 $10,700 4.70%
    Refi 15 $18,015,000 $1,201,000 $4,814 4.12%

    For 2022, American First's most frequently cited loan purpose was Cash Out Refi, with 111 originations. The 2nd most popular reason was Other, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 147 $60,025,000 $408,333 $7,738 4.78%
    15 Year 71 $81,685,000 $1,150,493 $5,069 4.68%
    10 Year 6 $2,840,000 $473,333 $3,103 3.39%
    Other 6 $10,860,000 $1,810,000 $0 3.63%
    20 Year 4 $1,230,000 $307,500 $3,790 3.22%

    For 2022, American First's most frequently cited loan duration was 30 Year, with 147 originations. The 2nd most popular length was 15 Year, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 77 $48,555,000 $630,584
    $2k-3k 10 $3,320,000 $332,000
    $5k+ 10 $10,040,000 $1,004,000
    $3k-4k 6 $2,760,000 $460,000
    $4k-5k 2 $1,460,000 $730,000

    American First's average total fees were $7,738, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 77 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 99 $82,985,000 $838,232
    4-5% 51 $45,205,000 $886,373
    5-6% 25 $10,015,000 $400,600
    7-8% 23 $2,785,000 $121,087
    6-7% 22 $12,330,000 $560,455
    2.5-3% 8 $2,630,000 $328,750
    <2.5% 5 $635,000 $127,000
    Over 8% 1 $55,000 $55,000

    During 2022, American First's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 3-4%, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 60 $7,390,000 $123,167 $3,519 4.50%
    $200k-400k 41 $11,915,000 $290,610 $5,044 4.31%
    $1MM+ 40 $101,770,000 $2,544,250 $25,975 4.21%
    $100,000 or less 39 $2,215,000 $56,795 $1,889 6.32%
    $400k-600k 33 $16,725,000 $506,818 $5,163 4.20%
    $600k-1MM 21 $16,625,000 $791,667 $7,439 4.32%

    2022 saw American First place emphasis on $100k-200k loans with 60 originations, totaling $7,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 45 $11,225,000 $249,444 $5,645 4.82%
    $250k+ 39 $42,565,000 $1,091,410 $11,902 5.07%
    $75k-100k 33 $6,585,000 $199,545 $4,125 4.57%
    $150k-250k 30 $8,090,000 $269,667 $5,288 5.35%
    $50k-75k 29 $5,825,000 $200,862 $3,915 4.49%
    $50k or less 21 $2,955,000 $140,714 $3,318 4.23%

    American First lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $250k+, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $11,405,000 $367,903 $5,145 4.52%
    30-36% 30 $22,660,000 $755,333 $7,850 4.80%
    <20% 18 $13,190,000 $732,778 $13,099 4.90%
    50-60% 12 $3,230,000 $269,167 $4,479 5.74%
    40% 11 $2,815,000 $255,909 $3,664 4.77%
    48% 10 $1,280,000 $128,000 $4,248 5.96%
    43% 10 $3,040,000 $304,000 $5,850 5.19%
    42% 9 $2,865,000 $318,333 $7,298 4.88%
    38% 9 $2,005,000 $222,778 $3,904 3.63%
    39% 9 $2,395,000 $266,111 $4,229 3.88%
    45% 8 $2,270,000 $283,750 $4,079 4.53%
    46% 8 $1,790,000 $223,750 $3,231 4.80%
    41% 8 $1,570,000 $196,250 $5,185 4.38%
    44% 7 $1,965,000 $280,714 $3,760 4.88%
    36% 6 $1,990,000 $331,667 $8,636 4.81%
    37% 6 $1,840,000 $306,667 $3,279 5.06%
    47% 2 $220,000 $110,000 $0 5.25%
    49% 1 $105,000 $105,000 $0 4.00%
    >60% 1 $505,000 $505,000 $5,481 3.25%

    American First lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Other Pacific Islander 34 $68,820,000 $2,024,118 $0 3.97%
    White 144 $60,250,000 $418,403 $6,918 4.76%
    Other Asian 3 $10,075,000 $3,358,333 $5,240 3.67%
    Not provided 29 $9,075,000 $312,931 $6,501 4.68%
    Asian 14 $3,690,000 $263,571 $5,966 5.16%
    Black 6 $1,870,000 $311,667 $4,621 4.98%
    Chinese 1 $1,805,000 $1,805,000 $10,841 6.38%
    Asian Indian 2 $570,000 $285,000 $1,884 5.81%
    Filipino 1 $485,000 $485,000 $2,563 2.88%

    Approval Rates

    Total approvals of all applications
    88.03%

    American First has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.93%

    American First has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 234 $156,640,000 $669,402

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    234 $156,640,000 $669,402

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $14,670,000 $366,750 $3,669 4.09%
    40-60% 50 $73,140,000 $1,462,800 $8,767 3.86%
    60-80% 50 $51,960,000 $1,039,200 $7,588 4.43%
    80-100% 5 $5,435,000 $1,087,000 $8,382 5.10%
    Under 20% 87 $8,875,000 $102,011 $2,622 5.45%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    American Financial Network Inc. FHA mortgage Trouble during payment process 1 100.0%