Members First Credit Union Of Florida Mortgage Rates, Fees & Info

Pensacola, FL

LEI: 549300JSWMVSCXIPC896

Tax ID: 59-0777511

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Members First Credit Union Of Florida is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Members First Credit Union Of Florida has a high proportion of conventional loans. Their top two markets are Pensacola and Atmore .

    Members First Credit Union Of Florida 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.

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    Originations

    73

    Origination Dollar Volume (All Markets)

    $9,265,000

    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
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 71 $9,115,000 $128,380 $0 0.00%
    Atmore, AL (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
    Members First Credit Union Of Florida's top markets include Pensacola and Atmore among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 73 $9,265,000 $126,918 $0 0.00%

    For 2023, Members First Credit Union Of Florida's most frequently originated type of loan was Conventional, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 34 $3,640,000 $107,059 $0 0.00%
    Home Purchase 16 $4,000,000 $250,000 $0 0.00%
    Home Improvement 12 $620,000 $51,667 $0 0.00%
    Other 5 $295,000 $59,000 $0 0.00%
    Refi 5 $645,000 $129,000 $0 0.00%
    NA 1 $65,000 $65,000 $0 0.00%

    For 2023, Members First Credit Union Of Florida's most frequently cited loan purpose was Cash Out Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 73 $9,265,000 $126,918 $0 0.00%

    For 2023, Members First Credit Union Of Florida's most frequently cited loan duration was Other, with 73 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $2,270,000 $54,048 $0 0.00%
    $100k-200k 18 $2,750,000 $152,778 $0 0.00%
    $200k-400k 11 $3,105,000 $282,273 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%
    $600k-1MM 1 $735,000 $735,000 $0 0.00%

    2023 saw Members First Credit Union Of Florida place emphasis on $100,000 or less loans with 42 originations, totaling $2,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 22 $1,870,000 $85,000 $0 0.00%
    $150k-250k 16 $2,390,000 $149,375 $0 0.00%
    $100k-150k 15 $2,465,000 $164,333 $0 0.00%
    $75k-100k 10 $1,120,000 $112,000 $0 0.00%
    $50k or less 9 $685,000 $76,111 $0 0.00%
    $250k+ 1 $735,000 $735,000 $0 0.00%

    Members First Credit Union Of Florida lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $150k-250k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 73 $9,265,000 $126,918 $0 0.00%

    Members First Credit Union Of Florida lent most frequently to those with DTI ratios of Exempt%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $7,825,000 $132,627 $0 0.00%
    Black 9 $1,045,000 $116,111 $0 0.00%
    American Indian 1 $175,000 $175,000 $0 0.00%
    Not applicable 1 $95,000 $95,000 $0 0.00%
    Not provided 2 $80,000 $40,000 $0 0.00%
    Native Hawaiian or Islander 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.15%

    Members First Credit Union Of Florida has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.71%

    Members First Credit Union Of Florida has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 73 $9,265,000 $126,918

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    73 $9,265,000 $126,918