Consumer First Mortgage Rates, Fees & Info
NORTHPORT, ALLEI: 549300XHEKTWE48VS407
Tax ID: 63-1254889
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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Florence, Decatur, Tuscaloosa, Montgomery, and Birmingham among others. We have data for 24 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. They have an above average pick rate when compared to similar 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 relatively high 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 | 6.91% | 10/29/24 |
| 30 Year Conventional Refi | 6.61% | 10/29/24 |
| 30 Year FHA Purchase | 7.53% | 10/29/24 |
| 30 Year FHA Refi | 7.45% | 10/29/24 |
| 30 Year VA Purchase | 6.68% | 10/29/24 |
| 30 Year VA Refi | 6.27% | 10/29/24 |
| 30 Year USDA Purchase | 6.99% | 10/29/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
150Origination Dollar Volume (All Markets)
$28,010,000Awards
Consumer First Mortgage - 2023
Consumer First Mortgage is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Consumer First Mortgage's average 30 year fixed mortgage rate was
6.63%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.15%.
Relative Fees (Closing Costs)
Consumer First Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,662.
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 $9,089.
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) | 29 | $4,875,000 | $168,103 | $6,618 | 6.76% |
| Outside of Metro Areas | 28 | $3,840,000 | $137,143 | $5,710 | 6.62% |
| DECATUR, AL (FHA|USDA|VA) | 13 | $2,505,000 | $192,692 | $5,318 | 6.74% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 11 | $2,385,000 | $216,818 | $7,299 | 6.42% |
| MONTGOMERY, AL (FHA|USDA|VA) | 11 | $2,045,000 | $185,909 | $6,437 | 6.52% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 9 | $1,895,000 | $210,556 | $5,678 | 6.54% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $9,708 | 6.35% |
| MOBILE, AL (FHA|USDA|VA) | 8 | $1,620,000 | $202,500 | $7,009 | 6.87% |
| Cullman, AL (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $8,925 | 6.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $8,917 | 6.60% |
| Fort Payne, AL (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $6,185 | 6.35% |
| Scottsboro, AL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $6,667 | 6.83% |
| Selma, AL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,460 | 6.88% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $7,518 | 5.88% |
| Ozark, AL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $8,560 | 6.12% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $21,715 | 5.75% |
| GADSDEN, AL (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,872 | 6.71% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,060 | 7.38% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,512 | 6.50% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,954 | 7.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,982 | 5.88% |
| Albertville, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,811 | 7.63% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,177 | 6.50% |
| Jasper, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,867 | 7.25% |
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.
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Product Mix
For 2023, Consumer First Mortgage's most frequently originated type of loan was Conventional, with 72 originations. Their 2nd most popular type was FHA, with 60 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 132 | $24,660,000 | $186,818 | $6,743 | 6.62% |
| Refi | 18 | $3,350,000 | $186,111 | $6,074 | 6.66% |
For 2023, Consumer First Mortgage's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 150 | $28,010,000 | $186,733 | $6,662 | 6.63% |
For 2023, Consumer First Mortgage's most frequently cited loan duration was 30 Year, with 150 originations.
Origination Fees/Closing Costs
Consumer First Mortgage's average total fees were $6,662, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 54 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 107 | $19,385,000 | $181,168 |
| 7-8% | 29 | $5,065,000 | $174,655 |
| 5-6% | 13 | $3,275,000 | $251,923 |
| 4-5% | 1 | $285,000 | $285,000 |
During 2023, Consumer First Mortgage's average interest rate for loans was 6.63%, while their most frequently originated rate bucket for loans was 6-7%, with 107 originations.
Loan Sizing
2023 saw Consumer First Mortgage place emphasis on $100k-200k loans with 81 originations, totaling $12,375,000 in origination value.
Applicant Income
Consumer First Mortgage lent most frequently to those with incomes in the $50k-75k range, with 49 originations. The second most popular income band? $50k or less, with 47 originations.
Applicant Debt to Income Ratio
Consumer First Mortgage lent most frequently to those with DTI ratios of 30-36%, with 22 originations. The next most common DTI ratio? 50-60%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.25%
Consumer First Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination99.33%
Consumer First Mortgage has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 150 | $28,010,000 | $186,733 |