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
  • Complaints
  • 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. Members First Credit Union Of Florida has a low ratio of conventional loans. Their top markets by origination volume include: Pensacola, Crestview, and Atmore among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    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.

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    Originations

    72

    Origination Dollar Volume (All Markets)

    $7,630,000

    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) 69 $7,325,000 $106,159 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $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, Crestview, 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 71 $7,545,000 $106,268 $0 0.00%
    Conventional 1 $85,000 $85,000 $0 0.00%

    For 2018, Members First Credit Union Of Florida's most frequently originated type of loan was Conventional, with 71 originations. Their 2nd most popular type was Conventional, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 32 $2,340,000 $73,125 $0 0.00%
    Home Purchase 14 $3,160,000 $225,714 $0 0.00%
    Refi 11 $765,000 $69,545 $0 0.00%
    Home Improvement 8 $800,000 $100,000 $0 0.00%
    Other 5 $445,000 $89,000 $0 0.00%
    NA 2 $120,000 $60,000 $0 0.00%

    For 2018, Members First Credit Union Of Florida's most frequently cited loan purpose was Cash Out Refi, with 32 originations. The 2nd most popular reason was Home Purchase, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 72 $7,630,000 $105,972 $0 0.00%

    For 2018, Members First Credit Union Of Florida's most frequently cited loan duration was Other, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $2,705,000 $55,204 $0 0.00%
    $100k-200k 14 $2,050,000 $146,429 $0 0.00%
    $200k-400k 7 $2,005,000 $286,429 $0 0.00%
    $400k-600k 2 $870,000 $435,000 $0 0.00%

    2018 saw Members First Credit Union Of Florida place emphasis on $100,000 or less loans with 49 originations, totaling $2,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 29 $2,645,000 $91,207 $0 0.00%
    $50k-75k 19 $1,785,000 $93,947 $0 0.00%
    $100k-150k 13 $1,425,000 $109,615 $0 0.00%
    $75k-100k 5 $365,000 $73,000 $0 0.00%
    $150k-250k 4 $870,000 $217,500 $0 0.00%
    $250k+ 1 $445,000 $445,000 $0 0.00%

    Members First Credit Union Of Florida lent most frequently to those with incomes in the $50k or less range, with 29 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 72 $7,630,000 $105,972 $0 0.00%

    Members First Credit Union Of Florida lent most frequently to those with DTI ratios of Exempt%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $6,705,000 $113,644 $0 0.00%
    Black 10 $560,000 $56,000 $0 0.00%
    Not provided 3 $365,000 $121,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    73.28%

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

    Pick Rate

    Approvals leading to origination
    87.50%

    Members First Credit Union Of Florida has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 72 $7,630,000 $105,972

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 72 $7,630,000 $105,972

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MEMBER FIRST MORTGAGE, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%