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. 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: Tuscaloosa, Birmingham, Montgomery, Daphne, and Mobile 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.91% | 5/14/24 |
| 30 Year Conventional Refi | 6.61% | 5/14/24 |
| 30 Year FHA Purchase | 7.53% | 5/14/24 |
| 30 Year FHA Refi | 7.45% | 5/14/24 |
| 30 Year VA Purchase | 6.68% | 5/14/24 |
| 30 Year VA Refi | 6.27% | 5/14/24 |
| 30 Year USDA Purchase | 6.99% | 5/14/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
246Origination Dollar Volume (All Markets)
$40,270,000Top 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 |
|---|---|---|---|---|---|
| TUSCALOOSA, AL (FHA|USDA|VA) | 55 | $10,535,000 | $191,545 | $6,036 | 4.13% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 41 | $6,845,000 | $166,951 | $5,340 | 4.15% |
| Outside of Metro Areas | 38 | $5,640,000 | $148,421 | $5,296 | 4.15% |
| MONTGOMERY, AL (FHA|USDA|VA) | 34 | $4,830,000 | $142,059 | $5,079 | 4.19% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 14 | $2,860,000 | $204,286 | $6,527 | 4.04% |
| MOBILE, AL (FHA|USDA|VA) | 11 | $1,695,000 | $154,091 | $5,763 | 4.02% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 7 | $875,000 | $125,000 | $5,080 | 4.06% |
| DOTHAN, AL (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,685 | 4.34% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $5,184 | 3.33% |
| DECATUR, AL (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $4,918 | 3.95% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $6,147 | 4.00% |
| Selma, AL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $5,447 | 4.09% |
| Alexander City, AL (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $7,471 | 4.17% |
| Enterprise, AL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,131 | 4.54% |
| Fort Payne, AL (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $4,909 | 4.46% |
| Cullman, AL (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $6,300 | 3.91% |
| Jasper, AL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,118 | 3.69% |
| LaGrange, GA-AL (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $5,532 | 4.17% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $5,226 | 4.29% |
| Albertville, AL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,601 | 4.50% |
| Ozark, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,800 | 3.88% |
| Troy, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,506 | 4.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,428 | 4.63% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,879 | 3.75% |
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.
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Product Mix
For 2019, Consumer First Mortgage's most frequently originated type of loan was FHA, with 109 originations. Their 2nd most popular type was Conventional, with 84 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 200 | $32,980,000 | $164,900 | $5,648 | 4.12% |
| Refi | 46 | $7,290,000 | $158,478 | $5,079 | 4.16% |
For 2019, Consumer First Mortgage's most frequently cited loan purpose was Home Purchase, with 200 originations. The 2nd most popular reason was Refi, with 46 originations.
Loan Duration/Length
For 2019, Consumer First Mortgage's most frequently cited loan duration was 30 Year, with 239 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Consumer First Mortgage's average total fees were $5,564, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 115 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 132 | $20,920,000 | $158,485 |
| 3-4% | 110 | $18,920,000 | $172,000 |
| 5-6% | 2 | $140,000 | $70,000 |
During 2019, Consumer First Mortgage's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 4-5%, with 132 originations.
Loan Sizing
2019 saw Consumer First Mortgage place emphasis on $100k-200k loans with 135 originations, totaling $20,635,000 in origination value.
Applicant Income
Consumer First Mortgage lent most frequently to those with incomes in the $50k or less range, with 79 originations. The second most popular income band? $50k-75k, with 78 originations.
Applicant Debt to Income Ratio
Consumer First Mortgage lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 55 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.31%
Consumer First Mortgage has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 246 | $40,270,000 | $163,699 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 246 | $40,270,000 | $163,699 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CMG MORTGAGE, INC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.3% |
| CMG MORTGAGE, INC | Conventional home mortgage | Struggling to pay mortgage | 4 | 21.1% |
| CMG MORTGAGE, INC | Conventional home mortgage | Trouble during payment process | 5 | 26.3% |
| CMG MORTGAGE, INC | FHA mortgage | Closing on a mortgage | 1 | 5.3% |
| CMG MORTGAGE, INC | FHA mortgage | Struggling to pay mortgage | 1 | 5.3% |
| CMG MORTGAGE, INC | FHA mortgage | Trouble during payment process | 2 | 10.5% |
| CMG MORTGAGE, INC | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.3% |
| CMG MORTGAGE, INC | Other type of mortgage | Trouble during payment process | 1 | 5.3% |
| CMG MORTGAGE, INC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 10.5% |
| CMG MORTGAGE, INC | VA mortgage | Trouble during payment process | 1 | 5.3% |