Members First Credit Union Of Florida Mortgage Rates, Fees & Info
Pensacola, FLLEI: 549300JSWMVSCXIPC896
Tax ID: 59-0777511
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Members First Credit Union Of Florida is a smaller credit union specializing in Cash Out Refi and Refi loans. Members First Credit Union Of Florida has a high proportion of conventional loans. Their top markets by origination volume include: Pensacola, Daphne, Chattanooga, Valdosta, and Crestview among others. We have data for 9 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.
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Originations
190Origination Dollar Volume (All Markets)
$27,400,000Top 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) | 179 | $24,525,000 | $137,011 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $610,000 | $305,000 | $0 | 0.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Atmore, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 190 | $27,400,000 | $144,211 | $0 | 0.00% |
For 2021, Members First Credit Union Of Florida's most frequently originated type of loan was Conventional, with 190 originations.
Loan Reason
For 2021, Members First Credit Union Of Florida's most frequently cited loan purpose was Cash Out Refi, with 88 originations. The 2nd most popular reason was Refi, with 67 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 190 | $27,400,000 | $144,211 | $0 | 0.00% |
For 2021, Members First Credit Union Of Florida's most frequently cited loan duration was Other, with 190 originations.
Loan Sizing
2021 saw Members First Credit Union Of Florida place emphasis on $100k-200k loans with 88 originations, totaling $12,370,000 in origination value.
Applicant Income
Members First Credit Union Of Florida lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $50k or less, with 43 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 190 | $27,400,000 | $144,211 | $0 | 0.00% |
Members First Credit Union Of Florida lent most frequently to those with DTI ratios of Exempt%, with 190 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.62%
Members First Credit Union Of Florida has an average approval rate.
Pick Rate
Approvals leading to origination87.37%
Members First Credit Union Of Florida has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 190 | $27,400,000 | $144,211 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MEMBER FIRST MORTGAGE, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| MEMBER FIRST MORTGAGE, LLC | Conventional home mortgage | Incorrect information on your report | 1 | 33.3% |
| MEMBER FIRST MORTGAGE, LLC | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |