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, 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 Daphne .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
119Origination Dollar Volume (All Markets)
$16,505,000Top 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) | 114 | $15,820,000 | $138,772 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $315,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 119 | $16,505,000 | $138,697 | $0 | 0.00% |
For 2022, Members First Credit Union Of Florida's most frequently originated type of loan was Conventional, with 119 originations.
Loan Reason
For 2022, Members First Credit Union Of Florida's most frequently cited loan purpose was Cash Out Refi, with 52 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 119 | $16,505,000 | $138,697 | $0 | 0.00% |
For 2022, Members First Credit Union Of Florida's most frequently cited loan duration was Other, with 119 originations.
Loan Sizing
2022 saw Members First Credit Union Of Florida place emphasis on $100,000 or less loans with 52 originations, totaling $3,140,000 in origination value.
Applicant Income
Members First Credit Union Of Florida lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $75k-100k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 119 | $16,505,000 | $138,697 | $0 | 0.00% |
Members First Credit Union Of Florida lent most frequently to those with DTI ratios of Exempt%, with 119 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.77%
Members First Credit Union Of Florida has a below average approval rate.
Pick Rate
Approvals leading to origination84.03%
Members First Credit Union Of Florida has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 119 | $16,505,000 | $138,697 |