Amerifirst Financial Mortgage Rates, Fees & Info
Phoenix, AZLEI: 549300SVLCM6NZQ53P14
Tax ID: 86-0634557
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Mortgage Data
Review & Overview
Amerifirst Financial is a small mortgage company specializing in Home Purchase loans. Amerifirst Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Phoenix, Denver, Los Angeles, Riverside, and San Antonio among others. We have data for 132 markets. (Some data included below & more in-depth data is available with an active subscription.)Amerifirst Financial has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Amerifirst Financial 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.67% | 11/21/24 |
30 Year Conventional Refi | 6.62% | 11/21/24 |
30 Year Cash-out Refi | 6.92% | 11/21/24 |
30 Year FHA Purchase | 7.52% | 11/21/24 |
30 Year FHA Refi | 7.32% | 11/21/24 |
30 Year VA Purchase | 6.35% | 11/21/24 |
30 Year VA Refi | 5.83% | 11/21/24 |
30 Year USDA Purchase | 6.83% | 11/21/24 |
30 Year USDA Refi | 7.87% | 11/21/24 |
15 Year Conventional Purchase | 6.30% | 11/21/24 |
15 Year Conventional Refi | 6.02% | 11/21/24 |
15 Year Cash-out Refi | 6.02% | 11/21/24 |
15 Year FHA Refi | 7.41% | 11/21/24 |
15 Year VA Purchase | 6.16% | 11/21/24 |
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. |
Amerifirst Financial Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Amerifirst Financial. 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
7,954Origination Dollar Volume (All Markets)
$1,995,410,000Amerifirst Financial - 2018
Amerifirst Financial is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
---|---|---|---|---|---|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3,542 | $748,410,000 | $211,296 | $5,795 | 5.14% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1,021 | $339,815,000 | $332,826 | $6,178 | 4.87% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 268 | $143,200,000 | $534,328 | $7,463 | 4.80% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 401 | $100,265,000 | $250,037 | $6,775 | 4.76% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 433 | $80,135,000 | $185,069 | $6,097 | 5.06% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 117 | $53,575,000 | $457,906 | $8,019 | 4.79% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 227 | $49,055,000 | $216,101 | $6,604 | 5.20% |
YUMA, AZ (FHA|USDA|VA) | 316 | $46,940,000 | $148,544 | $5,449 | 5.12% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 79 | $37,305,000 | $472,215 | $5,090 | 4.71% |
GREELEY, CO (FHA|USDA|VA) | 136 | $35,130,000 | $258,309 | $5,808 | 4.92% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 56 | $26,880,000 | $480,000 | $6,210 | 4.78% |
VALLEJO, CA (FHA|USDA|VA) | 79 | $24,765,000 | $313,481 | $6,714 | 4.81% |
Show Low, AZ (FHA|USDA|VA) | 145 | $24,355,000 | $167,966 | $5,138 | 5.08% |
STOCKTON, CA (FHA|USDA|VA) | 62 | $23,070,000 | $372,097 | $6,011 | 5.01% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 104 | $21,810,000 | $209,712 | $5,728 | 5.10% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 58 | $17,160,000 | $295,862 | $7,420 | 4.97% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 40 | $15,990,000 | $399,750 | $6,054 | 5.02% |
FORT COLLINS, CO (FHA|USDA|VA) | 54 | $15,980,000 | $295,926 | $5,189 | 4.88% |
Outside of Metro Areas | 78 | $15,800,000 | $202,564 | $6,179 | 4.83% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 52 | $13,170,000 | $253,269 | $6,198 | 4.81% |
NAPA, CA (FHA|USDA|VA) | 24 | $10,550,000 | $439,583 | $9,959 | 4.64% |
Payson, AZ (FHA|USDA|VA) | 55 | $10,395,000 | $189,000 | $5,652 | 5.03% |
MODESTO, CA (FHA|USDA|VA) | 38 | $10,150,000 | $267,105 | $5,555 | 5.06% |
REDDING, CA (FHA|USDA|VA) | 33 | $8,955,000 | $271,364 | $5,996 | 4.75% |
BOULDER, CO (FHA|USDA|VA) | 20 | $8,890,000 | $444,500 | $6,277 | 4.74% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 28 | $7,470,000 | $266,786 | $6,429 | 4.84% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 42 | $7,470,000 | $177,857 | $4,767 | 4.92% |
COLORADO SPRINGS, CO (FHA|USDA|VA) | 26 | $6,950,000 | $267,308 | $5,728 | 4.69% |
FLAGSTAFF, AZ (FHA|USDA|VA) | 26 | $6,850,000 | $263,462 | $5,221 | 4.89% |
RENO, NV (FHA|USDA|VA) | 19 | $5,805,000 | $305,526 | $5,640 | 4.95% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 21 | $5,375,000 | $255,952 | $7,618 | 5.10% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 17 | $5,165,000 | $303,824 | $5,251 | 4.73% |
TUCSON, AZ (FHA|USDA|VA) | 24 | $4,320,000 | $180,000 | $6,430 | 4.90% |
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 18 | $3,500,000 | $194,444 | $6,228 | 5.10% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 6 | $3,300,000 | $550,000 | $6,489 | 5.13% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 20 | $3,030,000 | $151,500 | $4,960 | 5.34% |
MERCED, CA (FHA|USDA|VA) | 12 | $2,630,000 | $219,167 | $5,939 | 4.68% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $2,570,000 | $428,333 | $7,788 | 5.06% |
PROVO-OREM, UT (FHA|USDA|VA) | 10 | $2,530,000 | $253,000 | $5,671 | 4.76% |
MIDLAND, TX (FHA|USDA|VA) | 9 | $2,215,000 | $246,111 | $7,031 | 5.24% |
BEND, OR (FHA|USDA|VA) | 7 | $1,815,000 | $259,286 | $7,399 | 4.59% |
SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $5,991 | 5.42% |
BAKERSFIELD, CA (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $6,983 | 5.02% |
CLARKSVILLE, TN-KY (FHA|USDA|VA) | 16 | $1,480,000 | $92,500 | $4,151 | 5.55% |
GRAND JUNCTION, CO (FHA|USDA|VA) | 7 | $1,265,000 | $180,714 | $4,082 | 4.98% |
BOISE CITY, ID (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $6,212 | 5.44% |
Steamboat Springs, CO (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $4,879 | 4.96% |
PUEBLO, CO (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $3,673 | 5.18% |
Fernley, NV (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $5,149 | 5.23% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $5,735 | 5.04% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 10 | $910,000 | $91,000 | $3,659 | 4.76% |
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $4,944 | 5.56% |
Red Bluff, CA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $7,124 | 4.58% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $860,000 | $107,500 | $4,430 | 5.47% |
KNOXVILLE, TN (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $4,390 | 4.81% |
Edwards, CO (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $8,611 | 4.44% |
CaƱon City, CO (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $6,875 | 5.13% |
SALINAS, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $8,380 | 5.13% |
FRESNO, CA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $5,517 | 4.88% |
ENID, OK (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,110 | 5.09% |
Clearlake, CA (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $4,792 | 5.03% |
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $4,638 | 4.81% |
Fort Morgan, CO (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $7,466 | 5.46% |
Breckenridge, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $8,189 | 5.44% |
Outside of Metro Areas | 3 | $685,000 | $228,333 | $2,387 | 5.33% |
Heber, UT (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $4,374 | 4.88% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $5,630 | 5.06% |
CHICO, CA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $5,794 | 4.92% |
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $5,234 | 5.38% |
KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $6,388 | 4.63% |
Pahrump, NV (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,796 | 5.71% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,636 | 4.69% |
Alice, TX (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $4,690 | 4.94% |
MADERA, CA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,737 | 5.56% |
CHEYENNE, WY (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,697 | 4.88% |
Clewiston, FL (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $5,036 | 5.63% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,246 | 4.88% |
Glenwood Springs, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,624 | 5.00% |
Sterling, CO (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $3,426 | 4.88% |
HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,176 | 5.50% |
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,707 | 4.38% |
ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,710 | 4.88% |
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,350 | 5.31% |
JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $2,437 | 4.94% |
ST. GEORGE, UT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,803 | 4.88% |
Hood River, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,861 | 4.13% |
Gillette, WY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,248 | 5.63% |
Granbury, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,326 | 4.63% |
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,436 | 5.00% |
IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,393 | 5.38% |
Moses Lake, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,073 | 5.00% |
Port Angeles, WA (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $3,736 | 5.13% |
Mount Pleasant, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,584 | 3.88% |
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,746 | 5.38% |
LONGVIEW, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,627 | 4.50% |
Klamath Falls, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,998 | 4.63% |
EL PASO, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,781 | 5.25% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $4,955 | 5.75% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,696 | 5.00% |
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,360 | 5.63% |
VISALIA, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,024 | 4.63% |
SALEM, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,184 | 5.38% |
Lufkin, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,686 | 5.50% |
TULSA, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,439 | 5.00% |
YUBA CITY, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,020 | 5.00% |
Crescent City, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,280 | 5.00% |
OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,303 | 4.75% |
GRANTS PASS, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,418 | 5.13% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $2,404 | 5.19% |
Dayton, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,430 | 4.88% |
Logansport, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,448 | 5.00% |
Coos Bay, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $928 | 5.75% |
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,429 | 5.63% |
BELLINGHAM, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,513 | 5.25% |
YAKIMA, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,706 | 5.63% |
CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $6,295 | 5.56% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,540 | 4.63% |
Safford, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,627 | 4.75% |
JACKSON, TN (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $5,335 | 5.50% |
ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,357 | 5.38% |
The Dalles, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,325 | 5.00% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,263 | 4.50% |
Del Rio, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,639 | 5.63% |
Prineville, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,990 | 4.88% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,845 | 5.25% |
WACO, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,996 | 5.63% |
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,257 | 4.88% |
Rockport, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,838 | 5.75% |
Kerrville, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,337 | 4.88% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,555 | 5.75% |
Athens, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,679 | 5.25% |
COLUMBUS, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,088 | 5.38% |
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Product Mix
For 2018, Amerifirst Financial's most frequently originated type of loan was Conventional, with 5,381 originations. Their 2nd most popular type was FHA, with 1,868 originations.
Loan Reason
For 2018, Amerifirst Financial's most frequently cited loan purpose was Home Purchase, with 6,801 originations. The 2nd most popular reason was Refi, with 1,015 originations.
Loan Duration/Length
For 2018, Amerifirst Financial's most frequently cited loan duration was 30 Year, with 7,598 originations. The 2nd most popular length was 15 Year, with 144 originations.
Origination Fees/Closing Costs
Amerifirst Financial's average total fees were $6,116, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,176 originations.
Interest Rates
During 2018, Amerifirst Financial's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 4-5%, with 4,003 originations.
Loan Sizing
2018 saw Amerifirst Financial place emphasis on $200k-400k loans with 3,703 originations, totaling $1,030,165,000 in origination value.
Applicant Income
Amerifirst Financial lent most frequently to those with incomes in the $50k-75k range, with 2,366 originations. The second most popular income band? $50k or less, with 1,666 originations.
Applicant Debt to Income Ratio
Amerifirst Financial lent most frequently to those with DTI ratios of 30-36%, with 1,070 originations. The next most common DTI ratio? 50-60%, with 884 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.59%
Amerifirst Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination57.97%
Amerifirst Financial has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 7,954 | $1,995,410,000 | $250,869 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Manufactured | 165 | $23,565,000 | $142,818 |
Single Family (1-4 Units):Site-Built | 7,789 | $1,971,845,000 | $253,158 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
AmeriFirst Financial Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |