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 and Refi loans. They have a a high proportion of FHA loans. Consumer First Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Florence, Montgomery, Tuscaloosa, and Nashville among others. We have data for 26 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 a below 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 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 | 7.02% | 4/18/25 |
| 30 Year Conventional Refi | 6.99% | 4/18/25 |
| 30 Year FHA Purchase | 7.39% | 4/18/25 |
| 30 Year FHA Refi | 7.44% | 4/18/25 |
| 30 Year VA Purchase | 6.64% | 4/18/25 |
| 30 Year VA Refi | 6.72% | 4/18/25 |
| 30 Year USDA Purchase | 7.18% | 4/18/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
166Origination Dollar Volume (All Markets)
$37,820,000Awards
Consumer First Mortgage - 2024
Consumer First Mortgage is a 2024 , due to their low .
For 2024, 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
6.59%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.04%.
Relative Fees (Closing Costs)
Consumer First Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,745.
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 $8,356.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 34 | $7,430,000 | $218,529 | $7,252 | 6.65% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 14 | $3,820,000 | $272,857 | $7,341 | 6.49% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 17 | $3,605,000 | $212,059 | $8,389 | 6.62% |
| MONTGOMERY, AL (FHA|USDA|VA) | 14 | $3,140,000 | $224,286 | $7,708 | 6.62% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 8 | $2,420,000 | $302,500 | $8,823 | 6.45% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $2,230,000 | $371,667 | $9,422 | 6.64% |
| DECATUR, AL (FHA|USDA|VA) | 11 | $2,155,000 | $195,909 | $7,325 | 6.77% |
| MOBILE, AL (FHA|USDA|VA) | 10 | $1,980,000 | $198,000 | $6,942 | 6.62% |
| DOTHAN, AL (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $9,124 | 6.22% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $11,662 | 6.13% |
| GADSDEN, AL (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $8,860 | 6.30% |
| Ozark, AL (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $6,192 | 6.78% |
| Albertville, AL (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $9,520 | 6.50% |
| Cullman, AL (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $6,818 | 6.69% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $5,534 | 6.67% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $7,142 | 6.50% |
| Fort Payne, AL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $9,230 | 6.87% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,774 | 6.99% |
| Lawrenceburg, TN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $8,987 | 6.69% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $8,009 | 6.25% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,407 | 6.99% |
| Selma, AL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,295 | 6.38% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,041 | 6.63% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,965 | 6.99% |
| Troy, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,123 | 6.63% |
| Jasper, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,275 | 6.75% |
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.
Similarity Rank: 24
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Product Mix
For 2024, Consumer First Mortgage's most frequently originated type of loan was FHA, with 74 originations. Their 2nd most popular type was Conventional, with 69 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 131 | $28,965,000 | $221,107 | $7,602 | 6.57% |
| Refi | 35 | $8,855,000 | $253,000 | $8,278 | 6.66% |
For 2024, Consumer First Mortgage's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 166 | $37,820,000 | $227,831 | $7,745 | 6.59% |
For 2024, Consumer First Mortgage's most frequently cited loan duration was 30 Year, with 166 originations.
Origination Fees/Closing Costs
Consumer First Mortgage's average total fees were $7,745, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 48 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 133 | $30,145,000 | $226,654 |
| 5-6% | 18 | $4,870,000 | $270,556 |
| 7-8% | 15 | $2,805,000 | $187,000 |
During 2024, Consumer First Mortgage's average interest rate for loans was 6.59%, while their most frequently originated rate bucket for loans was 6-7%, with 133 originations.
Loan Sizing
2024 saw Consumer First Mortgage place emphasis on $200k-400k loans with 75 originations, totaling $19,155,000 in origination value.
Applicant Income
Consumer First Mortgage lent most frequently to those with incomes in the $50k-75k range, with 68 originations. The second most popular income band? $100k-150k, with 34 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? 20-30%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.57%
Consumer First Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination59.04%
Consumer First Mortgage 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 | 166 | $37,820,000 | $227,831 |