Amerifirst Financial Mortgage Rates, Fees & Info

Phoenix, AZ

LEI: 549300SVLCM6NZQ53P14

Tax ID: 86-0634557

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

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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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.67% 3/28/24
30 Year Conventional Refi 6.62% 3/28/24
30 Year Cash-out Refi 6.92% 3/28/24
30 Year FHA Purchase 7.52% 3/28/24
30 Year FHA Refi 7.32% 3/28/24
30 Year VA Purchase 6.35% 3/28/24
30 Year VA Refi 5.83% 3/28/24
30 Year USDA Purchase 6.83% 3/28/24
30 Year USDA Refi 7.87% 3/28/24
15 Year Conventional Purchase 6.30% 3/28/24
15 Year Conventional Refi 6.02% 3/28/24
15 Year Cash-out Refi 6.02% 3/28/24
15 Year FHA Refi 7.41% 3/28/24
15 Year VA Purchase 6.16% 3/28/24
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

7,954

Origination Dollar Volume (All Markets)

$1,995,410,000
Show all (6) awards

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%
Amerifirst Financial's top markets include Phoenix, Denver, Los Angeles, Riverside, and San Antonio among others.

Their top states include:
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,381 $1,373,655,000 $255,279 $4,803 5.02%
    FHA 1,868 $423,670,000 $226,804 $9,013 5.13%
    VA 584 $178,030,000 $304,846 $7,208 4.82%
    USDA 121 $20,055,000 $165,744 $5,521 4.78%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,801 $1,677,845,000 $246,706 $6,183 5.05%
    Refi 1,015 $281,615,000 $277,453 $4,974 4.92%
    Cash Out Refi 137 $35,735,000 $260,839 $4,839 4.85%
    Home Improvement 1 $215,000 $215,000 $14,208 5.50%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,598 $1,949,010,000 $256,516 $6,116 5.01%
    15 Year 144 $30,790,000 $213,819 $4,539 4.28%
    10 Year 134 $2,420,000 $18,060 $511 7.53%
    20 Year 46 $10,340,000 $224,783 $4,942 4.75%
    3 Year 17 $135,000 $7,941 $142 0.00%
    Other 13 $2,705,000 $208,077 $4,650 4.74%
    5 Year 2 $10,000 $5,000 $152 0.00%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,176 $871,100,000 $274,276
    $2k-3k 1,554 $349,980,000 $225,212
    $3k-4k 820 $206,710,000 $252,085
    $5k+ 619 $217,065,000 $350,670
    $4k-5k 467 $135,425,000 $289,989
    $<1k 327 $85,915,000 $262,737

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 4,003 $1,170,285,000 $292,352
    5-6% 3,028 $712,910,000 $235,439
    6-7% 196 $48,670,000 $248,316
    3-4% 179 $54,815,000 $306,229
    7-8% 121 $3,195,000 $26,405
    <2.5% 87 $825,000 $9,483
    Over 8% 4 $960,000 $240,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,703 $1,030,165,000 $278,197 $6,647 5.01%
    $100k-200k 2,363 $370,965,000 $156,989 $5,402 5.11%
    $400k-600k 871 $401,285,000 $460,718 $7,189 4.86%
    $100,000 or less 807 $24,825,000 $30,762 $1,951 5.22%
    $600k-1MM 178 $124,870,000 $701,517 $7,885 4.78%
    $1MM+ 32 $43,300,000 $1,353,125 $9,574 4.89%

    2018 saw Amerifirst Financial place emphasis on $200k-400k loans with 3,703 originations, totaling $1,030,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,366 $477,840,000 $201,961 $5,935 5.08%
    $50k or less 1,666 $247,970,000 $148,842 $5,312 5.13%
    $75k-100k 1,527 $397,795,000 $260,508 $6,372 5.03%
    $100k-150k 1,400 $447,280,000 $319,486 $6,371 4.91%
    $150k-250k 730 $281,040,000 $384,986 $6,139 4.93%
    $250k+ 258 $141,640,000 $548,992 $6,499 4.95%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,070 $287,530,000 $268,720 $5,665 4.95%
    50-60% 884 $190,920,000 $215,973 $7,732 5.05%
    20-30% 848 $225,350,000 $265,743 $5,380 4.88%
    49% 552 $141,510,000 $256,359 $5,905 5.08%
    44% 460 $110,950,000 $241,196 $6,142 5.16%
    48% 395 $97,635,000 $247,177 $5,924 5.07%
    43% 381 $89,195,000 $234,108 $6,018 5.14%
    42% 366 $98,600,000 $269,399 $5,911 5.07%
    47% 358 $82,180,000 $229,553 $5,949 5.08%
    41% 346 $92,600,000 $267,630 $5,859 5.03%
    45% 335 $80,585,000 $240,552 $5,921 5.09%
    46% 323 $74,945,000 $232,028 $6,171 5.17%
    40% 320 $79,570,000 $248,656 $5,887 5.03%
    39% 303 $74,115,000 $244,604 $5,789 5.11%
    37% 275 $75,495,000 $274,527 $5,779 5.03%
    38% 258 $65,270,000 $252,984 $5,667 5.03%
    36% 227 $58,905,000 $259,493 $5,883 4.99%
    <20% 199 $52,645,000 $264,548 $4,993 4.83%
    >60% 32 $11,120,000 $347,500 $5,794 4.85%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,565 $1,633,385,000 $248,802 $5,949 5.02%
    Not provided 575 $154,415,000 $268,548 $6,195 5.04%
    Asian 307 $95,565,000 $311,287 $5,791 5.03%
    Black 418 $90,430,000 $216,340 $6,597 5.09%
    American Indian 56 $12,490,000 $223,036 $6,314 5.26%
    Native Hawaiian or Islander 31 $8,395,000 $270,806 $7,794 5.10%
    Vietnamese 1 $455,000 $455,000 $5,225 4.88%
    Filipino 1 $275,000 $275,000 $10,344 4.63%

    Approval Rates

    Total approvals of all applications
    96.59%

    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 origination
    57.97%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 135 $24,945,000 $184,778 $4,351 4.89%
    40-60% 449 $111,335,000 $247,962 $4,546 4.80%
    60-80% 1,768 $523,080,000 $295,860 $5,145 4.98%
    80-100% 4,871 $1,279,605,000 $262,699 $6,774 5.07%
    Over 100% 171 $50,595,000 $295,877 $10,141 4.87%
    Under 20% 560 $5,850,000 $10,446 $241 5.13%

    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%