Consumer First Mortgage Rates, Fees & Info

NORTHPORT, AL

LEI: 549300XHEKTWE48VS407

Tax ID: 63-1254889

5 stars - Updated: 3/3/24 - out of 5 stars, based on 13 reviews

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

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Mortgage Data

Review & Overview

Consumer First Mortgage is a smaller mortgage company specializing in Home Purchase loans. Consumer First Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Florence, Tuscaloosa, Birmingham, Decatur, and Daphne among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

Consumer First Mortgage has an above average approval rate when compared to the average across all lenders. Consumer First Mortgage 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 6.91% 3/3/24
30 Year Conventional Refi 6.61% 3/3/24
30 Year FHA Purchase 7.53% 3/3/24
30 Year FHA Refi 7.45% 3/3/24
30 Year VA Purchase 6.68% 3/3/24
30 Year VA Refi 6.27% 3/3/24
30 Year USDA Purchase 6.99% 3/3/24
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.

Consumer First Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Consumer First Mortgage. 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

174

Origination Dollar Volume (All Markets)

$32,920,000
Show all (8) awards

Relative Rate

Consumer First Mortgage's average 30 year fixed mortgage rate was 4.76%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0%.

Relative Fees (Closing Costs)

Consumer First Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $6,289.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 27 $5,115,000 $189,444 $6,758 4.99%
TUSCALOOSA, AL (FHA|USDA|VA) 25 $4,765,000 $190,600 $6,151 4.53%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 18 $4,710,000 $261,667 $6,294 5.10%
Outside of Metro Areas 29 $4,275,000 $147,414 $5,218 4.53%
DECATUR, AL (FHA|USDA|VA) 12 $2,410,000 $200,833 $6,168 4.74%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 10 $2,210,000 $221,000 $8,218 4.64%
HUNTSVILLE, AL (FHA|USDA|VA) 9 $1,895,000 $210,556 $6,479 5.54%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 6 $1,000,000 $166,667 $6,362 3.96%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 4 $900,000 $225,000 $6,891 4.78%
MOBILE, AL (FHA|USDA|VA) 5 $845,000 $169,000 $6,745 4.08%
GADSDEN, AL (FHA|USDA|VA) 5 $795,000 $159,000 $5,217 4.98%
Cullman, AL (FHA|USDA|VA) 3 $695,000 $231,667 $8,521 5.50%
Albertville, AL (FHA|USDA|VA) 4 $650,000 $162,500 $6,862 5.28%
Fort Payne, AL (FHA|USDA|VA) 3 $565,000 $188,333 $8,283 5.46%
Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $390,000 $195,000 $6,098 4.56%
Enterprise, AL (FHA|USDA|VA) 3 $335,000 $111,667 $3,348 3.29%
DOTHAN, AL (FHA|USDA|VA) 2 $290,000 $145,000 $4,627 3.06%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $285,000 $285,000 $11,093 5.63%
Lawrenceburg, TN (FHA|USDA|VA) 1 $215,000 $215,000 $4,584 6.13%
Ozark, AL (FHA|USDA|VA) 2 $200,000 $100,000 $3,729 4.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $165,000 $165,000 $7,572 5.63%
LaGrange, GA-AL (FHA|USDA|VA) 1 $135,000 $135,000 $7,103 5.25%
Jasper, AL (FHA|USDA|VA) 1 $75,000 $75,000 $5,076 4.75%
Consumer First Mortgage's top markets include Florence, Tuscaloosa, Birmingham, Decatur, and Daphne among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Consumer First Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TVA Community Credit Union
    Similarity Rank: 152
    AOD Federal Credit Union
    Similarity Rank: 160
    Liberty Mortgage Corporation
    Similarity Rank: 315
    Independent Bank
    Similarity Rank: 608
    Bank Independent
    Similarity Rank: 667
    SmartBank
    Similarity Rank: 768
    Listerhill Credit Union
    Similarity Rank: 832
    Pen Air Federal Credit Union
    Similarity Rank: 948
    Tyndall Federal Credit Union
    Similarity Rank: 1040
    AVADIAN
    Similarity Rank: 1071

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $15,160,000 $199,474 $4,954 4.71%
    FHA 72 $13,770,000 $191,250 $8,070 4.79%
    USDA 17 $2,165,000 $127,353 $5,244 4.93%
    VA 9 $1,825,000 $202,778 $5,158 4.58%

    For 2022, Consumer First Mortgage's most frequently originated type of loan was Conventional, with 76 originations. Their 2nd most popular type was FHA, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 133 $26,375,000 $198,308 $6,701 4.93%
    Refi 41 $6,545,000 $159,634 $4,961 4.20%

    For 2022, Consumer First Mortgage's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 174 $32,920,000 $189,195 $6,289 4.76%

    For 2022, Consumer First Mortgage's most frequently cited loan duration was 30 Year, with 174 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 64 $10,150,000 $158,594
    $3k-4k 38 $8,520,000 $224,211
    $1k-2k 37 $4,285,000 $115,811
    $5k+ 17 $5,285,000 $310,882
    $4k-5k 10 $3,860,000 $386,000
    $<1k 8 $820,000 $102,500

    Consumer First Mortgage's average total fees were $6,289, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 64 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 55 $10,615,000 $193,000
    3-4% 54 $9,940,000 $184,074
    4-5% 28 $6,210,000 $221,786
    6-7% 20 $3,580,000 $179,000
    2.5-3% 10 $1,530,000 $153,000
    7-8% 6 $920,000 $153,333
    <2.5% 1 $125,000 $125,000

    During 2022, Consumer First Mortgage's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 5-6%, with 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 91 $13,585,000 $149,286 $5,493 4.81%
    $200k-400k 52 $14,280,000 $274,615 $8,693 4.70%
    $100,000 or less 25 $2,005,000 $80,200 $3,522 4.63%
    $400k-600k 5 $2,295,000 $459,000 $10,115 4.75%
    $600k-1MM 1 $755,000 $755,000 $6,172 5.88%

    2022 saw Consumer First Mortgage place emphasis on $100k-200k loans with 91 originations, totaling $13,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 56 $7,130,000 $127,321 $4,953 4.51%
    $50k-75k 55 $9,595,000 $174,455 $5,962 4.96%
    $75k-100k 28 $5,900,000 $210,714 $7,612 4.98%
    $100k-150k 27 $7,085,000 $262,407 $7,785 4.45%
    $150k-250k 7 $2,455,000 $350,714 $8,448 5.29%
    $250k+ 1 $755,000 $755,000 $6,172 5.88%

    Consumer First Mortgage lent most frequently to those with incomes in the $50k or less range, with 56 originations. The second most popular income band? $50k-75k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 40 $6,660,000 $166,500 $5,783 4.53%
    20-30% 30 $5,720,000 $190,667 $5,487 4.75%
    50-60% 20 $4,000,000 $200,000 $8,092 4.89%
    42% 11 $2,195,000 $199,545 $6,766 5.00%
    38% 10 $2,030,000 $203,000 $5,627 5.20%
    39% 9 $1,685,000 $187,222 $5,421 4.90%
    <20% 7 $815,000 $116,429 $3,977 3.98%
    46% 6 $1,350,000 $225,000 $8,178 5.19%
    37% 5 $975,000 $195,000 $7,394 5.30%
    43% 5 $945,000 $189,000 $6,117 4.58%
    44% 5 $1,075,000 $215,000 $7,734 4.83%
    45% 5 $885,000 $177,000 $6,419 5.13%
    48% 5 $1,175,000 $235,000 $7,080 5.00%
    40% 4 $1,040,000 $260,000 $7,520 4.47%
    49% 4 $880,000 $220,000 $7,850 4.75%
    47% 3 $615,000 $205,000 $6,021 4.17%
    36% 3 $375,000 $125,000 $3,511 4.21%
    41% 2 $500,000 $250,000 $9,052 5.06%

    Consumer First Mortgage lent most frequently to those with DTI ratios of 30-36%, with 40 originations. The next most common DTI ratio? 20-30%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 145 $27,445,000 $189,276 $6,224 4.77%
    Black 28 $5,230,000 $186,786 $6,671 4.66%
    Asian 1 $245,000 $245,000 $4,844 5.25%

    Approval Rates

    Total approvals of all applications
    92.07%

    Consumer First Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 174 $32,920,000 $189,195

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    174 $32,920,000 $189,195

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $300,000 $75,000 $3,721 4.88%
    40-60% 16 $2,090,000 $130,625 $3,878 4.62%
    60-80% 30 $6,090,000 $203,000 $5,781 4.57%
    80-100% 124 $24,440,000 $197,097 $6,809 4.82%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    CMG MORTGAGE, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    CMG MORTGAGE, INC Conventional home mortgage Trouble during payment process 1 50.0%