Consumer First Mortgage Rates, Fees & Info

NORTHPORT, AL

LEI: 549300XHEKTWE48VS407

Tax ID: 63-1254889

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Consumer First Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Consumer First Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Tuscaloosa, Florence, Birmingham, Anniston, and Daphne among others. We have data for 31 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 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 6.91% 4/28/24
    30 Year Conventional Refi 6.61% 4/28/24
    30 Year FHA Purchase 7.53% 4/28/24
    30 Year FHA Refi 7.45% 4/28/24
    30 Year VA Purchase 6.68% 4/28/24
    30 Year VA Refi 6.27% 4/28/24
    30 Year USDA Purchase 6.99% 4/28/24
    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.

    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

    341

    Origination Dollar Volume (All Markets)

    $60,545,000
    Show all (8) 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
    TUSCALOOSA, AL (FHA|USDA|VA) 49 $10,515,000 $214,592 $4,849 2.86%
    Outside of Metro Areas 61 $9,785,000 $160,410 $4,936 2.78%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 46 $8,040,000 $174,783 $4,696 2.80%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 27 $6,135,000 $227,222 $6,024 2.80%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 31 $4,745,000 $153,065 $5,244 2.83%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 16 $3,500,000 $218,750 $6,235 2.70%
    MONTGOMERY, AL (FHA|USDA|VA) 14 $2,230,000 $159,286 $5,671 2.62%
    MOBILE, AL (FHA|USDA|VA) 11 $1,725,000 $156,818 $5,779 2.82%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 9 $1,555,000 $172,778 $4,752 2.90%
    Enterprise, AL (FHA|USDA|VA) 11 $1,415,000 $128,636 $3,781 2.66%
    HUNTSVILLE, AL (FHA|USDA|VA) 7 $1,355,000 $193,571 $4,257 2.86%
    Fort Payne, AL (FHA|USDA|VA) 7 $1,095,000 $156,429 $5,083 2.88%
    GADSDEN, AL (FHA|USDA|VA) 8 $1,060,000 $132,500 $4,973 2.91%
    Jasper, AL (FHA|USDA|VA) 4 $800,000 $200,000 $4,988 3.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $755,000 $251,667 $6,308 2.54%
    DECATUR, AL (FHA|USDA|VA) 6 $690,000 $115,000 $4,726 3.06%
    Cullman, AL (FHA|USDA|VA) 4 $690,000 $172,500 $6,145 2.63%
    Albertville, AL (FHA|USDA|VA) 4 $560,000 $140,000 $4,854 2.66%
    Alexander City, AL (FHA|USDA|VA) 2 $500,000 $250,000 $5,423 2.81%
    Ozark, AL (FHA|USDA|VA) 3 $455,000 $151,667 $5,907 2.88%
    DOTHAN, AL (FHA|USDA|VA) 3 $435,000 $145,000 $2,660 2.92%
    Selma, AL (FHA|USDA|VA) 3 $395,000 $131,667 $4,426 2.88%
    CLEVELAND, TN (FHA|USDA|VA) 1 $345,000 $345,000 $12,413 2.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,762 2.25%
    LaGrange, GA-AL (FHA|USDA|VA) 3 $285,000 $95,000 $4,743 2.75%
    Eufaula, AL-GA (FHA|USDA|VA) 1 $245,000 $245,000 $5,614 3.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $235,000 $235,000 $8,861 2.50%
    Shelbyville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $5,376 2.75%
    Lawrenceburg, TN (FHA|USDA|VA) 1 $165,000 $165,000 $5,991 2.75%
    Scottsboro, AL (FHA|USDA|VA) 2 $160,000 $80,000 $4,898 2.56%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,653 2.13%
    Consumer First Mortgage's top markets include Tuscaloosa, Florence, Birmingham, Anniston, and Daphne among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (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.

    Florence Federal Credit Union
    Similarity Rank: 43
    AOD Federal Credit Union
    Similarity Rank: 160
    TVA Community Credit Union
    Similarity Rank: 171
    SmartBank
    Similarity Rank: 592
    Pen Air Federal Credit Union
    Similarity Rank: 632
    Listerhill Credit Union
    Similarity Rank: 640
    Liberty Mortgage Corporation
    Similarity Rank: 675
    Bank Independent
    Similarity Rank: 725
    Jefferson Credit Union
    Similarity Rank: 900
    DSLD MORTGAGE, LLC
    Similarity Rank: 1116

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 204 $38,760,000 $190,000 $4,322 2.83%
    FHA 74 $11,950,000 $161,486 $6,955 2.78%
    USDA 34 $4,660,000 $137,059 $5,180 2.69%
    VA 29 $5,175,000 $178,448 $5,843 2.74%

    For 2021, Consumer First Mortgage's most frequently originated type of loan was Conventional, with 204 originations. Their 2nd most popular type was FHA, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 212 $38,030,000 $179,387 $5,466 2.83%
    Refi 129 $22,515,000 $174,535 $4,520 2.75%

    For 2021, Consumer First Mortgage's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Refi, with 129 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 341 $60,545,000 $177,551 $5,108 2.80%

    For 2021, Consumer First Mortgage's most frequently cited loan duration was 30 Year, with 341 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 136 $22,370,000 $164,485
    $1k-2k 95 $10,875,000 $114,474
    $3k-4k 63 $15,975,000 $253,571
    $<1k 27 $4,815,000 $178,333
    $4k-5k 17 $5,825,000 $342,647
    $5k+ 3 $685,000 $228,333

    Consumer First Mortgage's average total fees were $5,108, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 136 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 206 $37,550,000 $182,282
    <2.5% 80 $13,160,000 $164,500
    3-4% 54 $9,760,000 $180,741
    4-5% 1 $75,000 $75,000

    During 2021, Consumer First Mortgage's average interest rate for loans was 2.80%, while their most frequently originated rate bucket for loans was 2.5-3%, with 206 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 181 $27,095,000 $149,696 $4,763 2.76%
    $200k-400k 107 $28,085,000 $262,477 $6,289 2.85%
    $100,000 or less 49 $3,725,000 $76,020 $3,555 2.83%
    $400k-600k 4 $1,640,000 $410,000 $8,179 2.69%

    2021 saw Consumer First Mortgage place emphasis on $100k-200k loans with 181 originations, totaling $27,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 114 $18,960,000 $166,316 $5,069 2.82%
    $50k or less 94 $12,080,000 $128,511 $4,720 2.83%
    $75k-100k 60 $12,090,000 $201,500 $5,477 2.75%
    $100k-150k 54 $12,450,000 $230,556 $5,470 2.75%
    $150k-250k 18 $4,600,000 $255,556 $5,003 2.81%
    $250k+ 1 $365,000 $365,000 $6,310 2.88%

    Consumer First Mortgage lent most frequently to those with incomes in the $50k-75k range, with 114 originations. The second most popular income band? $50k or less, with 94 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 77 $13,485,000 $175,130 $4,693 2.78%
    30-36% 54 $9,280,000 $171,852 $4,940 2.84%
    <20% 43 $7,385,000 $171,744 $4,072 2.73%
    50-60% 22 $3,920,000 $178,182 $7,050 2.75%
    37% 20 $3,270,000 $163,500 $5,142 2.91%
    41% 17 $3,165,000 $186,176 $5,628 2.82%
    36% 16 $3,040,000 $190,000 $5,958 2.73%
    39% 16 $3,040,000 $190,000 $5,359 2.78%
    42% 12 $2,810,000 $234,167 $5,585 2.77%
    44% 11 $1,725,000 $156,818 $4,681 2.88%
    40% 11 $1,685,000 $153,182 $4,639 2.86%
    38% 8 $1,680,000 $210,000 $5,197 3.03%
    43% 8 $1,470,000 $183,750 $5,490 2.80%
    46% 7 $1,105,000 $157,857 $5,703 2.71%
    45% 7 $1,085,000 $155,000 $5,783 2.79%
    48% 5 $1,145,000 $229,000 $7,101 2.68%
    47% 4 $760,000 $190,000 $5,187 2.78%
    49% 3 $495,000 $165,000 $4,112 3.00%

    Consumer First Mortgage lent most frequently to those with DTI ratios of 20-30%, with 77 originations. The next most common DTI ratio? 30-36%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 282 $51,020,000 $180,922 $5,039 2.80%
    Black 49 $8,135,000 $166,020 $5,746 2.77%
    Not provided 9 $1,215,000 $135,000 $3,860 2.88%
    Asian 1 $175,000 $175,000 $4,719 3.00%

    Approval Rates

    Total approvals of all applications
    92.81%

    Consumer First Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    99.71%

    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 341 $60,545,000 $177,551

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    341 $60,545,000 $177,551

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $895,000 $99,444 $3,060 2.68%
    40-60% 25 $3,635,000 $145,400 $3,934 2.72%
    60-80% 109 $20,475,000 $187,844 $4,526 2.79%
    80-100% 197 $35,205,000 $178,706 $5,615 2.82%
    Over 100% 1 $335,000 $335,000 $16,464 2.88%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CMG MORTGAGE, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 3.0%
    CMG MORTGAGE, INC Conventional home mortgage Closing on a mortgage 2 3.0%
    CMG MORTGAGE, INC Conventional home mortgage Struggling to pay mortgage 4 6.1%
    CMG MORTGAGE, INC Conventional home mortgage Trouble during payment process 31 47.0%
    CMG MORTGAGE, INC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 4.5%
    CMG MORTGAGE, INC FHA mortgage Closing on a mortgage 2 3.0%
    CMG MORTGAGE, INC FHA mortgage Struggling to pay mortgage 7 10.6%
    CMG MORTGAGE, INC FHA mortgage Trouble during payment process 5 7.6%
    CMG MORTGAGE, INC Other type of mortgage Struggling to pay mortgage 1 1.5%
    CMG MORTGAGE, INC Other type of mortgage Trouble during payment process 1 1.5%
    CMG MORTGAGE, INC VA mortgage Closing on a mortgage 1 1.5%
    CMG MORTGAGE, INC VA mortgage Struggling to pay mortgage 2 3.0%
    CMG MORTGAGE, INC VA mortgage Trouble during payment process 5 7.6%