City First Mortgage Services Rates, Fees & Info

BOUNTIFUL, UT

LEI: 549300YPBBHUEKV1YC68

Tax ID: 87-0515745

1.4 stars - Updated: 4/18/24 - out of 5 stars, based on 32 reviews

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

Jump to:

Mortgage Data

Review & Overview

City First Mortgage Services is a smaller mortgage company specializing in Home Purchase loans. City First Mortgage Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Austin, Phoenix, Sacramento, Houston, and Dallas among others. We have data for 151 markets. (Some data included below & more in-depth data is available with an active subscription.)

City First Mortgage Services 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. City First Mortgage Services is typically a high 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.

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 7.16% 4/18/24
30 Year Conventional Refi 7.02% 4/18/24
30 Year Cash-out Refi 8.20% 4/18/24
30 Year FHA Purchase 7.91% 4/18/24
30 Year FHA Refi 7.55% 4/18/24
30 Year VA Purchase 6.69% 4/18/24
30 Year VA Refi 6.44% 4/18/24
30 Year USDA Purchase 6.93% 4/18/24
15 Year Conventional Purchase 6.68% 4/18/24
15 Year Conventional Refi 6.85% 4/18/24
15 Year Cash-out Refi 6.85% 4/18/24
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.

City First Mortgage Services Mortgage Calculator






Your Estimates

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

This is not an official calculator from City First Mortgage Services. 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

1,052

Origination Dollar Volume (All Markets)

$342,560,000

Relative Rate

City First Mortgage Services's average 30 year fixed mortgage rate was 7.09%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.61%.

Relative Fees (Closing Costs)

City First Mortgage Services's average total fees/closing costs for a 30 year fixed rate mortgage were $10,861.

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 103 $35,565,000 $345,291 $13,550 6.95%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 75 $32,135,000 $428,467 $13,497 7.12%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 67 $28,895,000 $431,269 $11,833 6.94%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 76 $24,090,000 $316,974 $10,187 7.32%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 52 $16,440,000 $316,154 $12,533 7.04%
RALEIGH-CARY, NC (FHA|USDA|VA) 37 $14,285,000 $386,081 $9,730 7.04%
Outside of Metro Areas 56 $13,520,000 $241,429 $8,373 6.95%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 45 $11,155,000 $247,889 $8,821 7.31%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 32 $11,130,000 $347,813 $12,898 7.33%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 36 $10,450,000 $290,278 $11,481 7.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 33 $9,645,000 $292,273 $11,136 7.09%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 17 $8,145,000 $479,118 $12,899 6.42%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 16 $6,360,000 $397,500 $9,885 7.70%
BOISE CITY, ID (FHA|USDA|VA) 16 $5,390,000 $336,875 $12,178 6.46%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 17 $5,355,000 $315,000 $9,812 6.96%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 19 $4,695,000 $247,105 $8,593 6.86%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 11 $4,565,000 $415,000 $13,605 8.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 14 $4,200,000 $300,000 $8,690 7.64%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 16 $4,070,000 $254,375 $9,313 7.19%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 17 $3,915,000 $230,294 $8,281 7.42%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $3,855,000 $550,714 $21,054 6.57%
ST. GEORGE, UT (FHA|USDA|VA) 8 $3,080,000 $385,000 $8,648 6.22%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 8 $2,870,000 $358,750 $7,606 7.09%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 10 $2,840,000 $284,000 $7,866 7.62%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 8 $2,710,000 $338,750 $14,703 6.72%
STOCKTON, CA (FHA|USDA|VA) 6 $2,500,000 $416,667 $15,125 7.12%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 11 $2,425,000 $220,455 $9,324 6.74%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $2,345,000 $469,000 $14,304 7.81%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $2,215,000 $443,000 $5,168 6.80%
OCALA, FL (FHA|USDA|VA) 10 $2,210,000 $221,000 $7,892 7.53%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $2,075,000 $415,000 $14,597 7.20%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $1,995,000 $285,000 $9,326 7.70%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $1,825,000 $608,333 $9,937 6.21%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 8 $1,730,000 $216,250 $8,792 7.67%
JOHNSON CITY, TN (FHA|USDA|VA) 6 $1,690,000 $281,667 $7,566 8.23%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,590,000 $397,500 $9,434 7.41%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 8 $1,500,000 $187,500 $7,524 7.06%
ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $1,445,000 $206,429 $4,856 7.34%
BILLINGS, MT (FHA|USDA|VA) 4 $1,410,000 $352,500 $11,508 7.31%
FAYETTEVILLE, NC (FHA|USDA|VA) 6 $1,300,000 $216,667 $7,768 6.60%
YUBA CITY, CA (FHA|USDA|VA) 4 $1,270,000 $317,500 $12,433 6.94%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $1,225,000 $245,000 $8,891 6.80%
GRAND JUNCTION, CO (FHA|USDA|VA) 3 $1,135,000 $378,333 $14,242 6.75%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $10,071 6.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,020,000 $510,000 $14,150 6.12%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $1,020,000 $510,000 $8,976 6.44%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $925,000 $308,333 $7,035 6.87%
MERCED, CA (FHA|USDA|VA) 2 $890,000 $445,000 $11,392 6.75%
Sanford, NC (FHA|USDA|VA) 2 $860,000 $430,000 $10,989 6.56%
COLUMBIA, SC (FHA|USDA|VA) 2 $860,000 $430,000 $12,043 7.31%
SPARTANBURG, SC (FHA|USDA|VA) 4 $830,000 $207,500 $4,712 6.78%
Georgetown, SC (FHA|USDA|VA) 4 $820,000 $205,000 $6,433 7.16%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $820,000 $410,000 $6,938 6.50%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $795,000 $159,000 $5,819 7.53%
Wilson, NC (FHA|USDA|VA) 3 $735,000 $245,000 $10,318 6.91%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $725,000 $725,000 $8,477 5.75%
ASHEVILLE, NC (FHA|USDA|VA) 2 $690,000 $345,000 $11,751 6.31%
Cedar City, UT (FHA|USDA|VA) 2 $670,000 $335,000 $17,149 5.56%
SUMTER, SC (FHA|USDA|VA) 2 $650,000 $325,000 $8,315 6.94%
Farmington, MO (FHA|USDA|VA) 3 $645,000 $215,000 $6,090 7.17%
RACINE, WI (FHA|USDA|VA) 3 $625,000 $208,333 $7,275 7.16%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $610,000 $305,000 $5,814 7.56%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $605,000 $605,000 $19,795 7.13%
Sturgis, MI (FHA|USDA|VA) 4 $600,000 $150,000 $7,161 7.43%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $560,000 $280,000 $5,254 7.18%
Bay City, TX (FHA|USDA|VA) 2 $550,000 $275,000 $0 7.63%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $550,000 $275,000 $7,577 7.25%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $525,000 $525,000 $22,167 6.63%
RICHMOND, VA (FHA|USDA|VA) 1 $515,000 $515,000 $12,096 7.49%
Elko, NV (FHA|USDA|VA) 2 $510,000 $255,000 $8,288 6.75%
PROVO-OREM, UT (FHA|USDA|VA) 1 $485,000 $485,000 $13,280 6.13%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $485,000 $485,000 $12,216 6.25%
Moses Lake, WA (FHA|USDA|VA) 2 $480,000 $240,000 $8,038 8.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $445,000 $445,000 $11,829 6.63%
Greeneville, TN (FHA|USDA|VA) 3 $435,000 $145,000 $5,655 7.04%
VALLEJO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $9,139 7.50%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $425,000 $425,000 $8,861 7.88%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $410,000 $205,000 $9,328 6.56%
BEND, OR (FHA|USDA|VA) 1 $405,000 $405,000 $6,409 6.75%
REDDING, CA (FHA|USDA|VA) 1 $405,000 $405,000 $6,440 6.25%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $395,000 $395,000 $17,027 7.25%
Spirit Lake, IA (FHA|USDA|VA) 1 $395,000 $395,000 $7,772 7.38%
Granbury, TX (FHA|USDA|VA) 1 $375,000 $375,000 $9,939 7.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $365,000 $365,000 $4,160 6.75%
Show Low, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $13,668 7.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $345,000 $345,000 $18,002 5.13%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $345,000 $345,000 $14,089 7.50%
Aberdeen, WA (FHA|USDA|VA) 1 $335,000 $335,000 $15,121 6.63%
Fernley, NV (FHA|USDA|VA) 1 $335,000 $335,000 $15,435 6.49%
HINESVILLE, GA (FHA|USDA|VA) 1 $335,000 $335,000 $10,011 6.63%
TUCSON, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $19,104 5.50%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $335,000 $335,000 $16,167 7.13%
Edwards, CO (FHA|USDA|VA) 1 $325,000 $325,000 $17,517 6.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $325,000 $325,000 $15,575 7.25%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $325,000 $325,000 $5,715 7.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $325,000 $325,000 $7,638 6.63%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $325,000 $325,000 $10,000 7.00%
TYLER, TX (FHA|USDA|VA) 1 $325,000 $325,000 $10,744 7.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $315,000 $315,000 $6,119 7.49%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $315,000 $315,000 $14,186 7.75%
GOLDSBORO, NC (FHA|USDA|VA) 2 $310,000 $155,000 $4,178 6.81%
Ontario, OR-ID (FHA|USDA|VA) 1 $305,000 $305,000 $13,529 6.75%
MISSOULA, MT (FHA|USDA|VA) 1 $305,000 $305,000 $14,555 6.99%
LaGrange, GA-AL (FHA|USDA|VA) 1 $305,000 $305,000 $15,955 6.75%
WACO, TX (FHA|USDA|VA) 1 $305,000 $305,000 $12,316 6.88%
Helena, MT (FHA|USDA|VA) 1 $295,000 $295,000 $11,042 8.00%
La Grande, OR (FHA|USDA|VA) 1 $285,000 $285,000 $8,840 6.50%
FRESNO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $12,650 6.25%
Hutchinson, MN (FHA|USDA|VA) 1 $285,000 $285,000 $9,914 6.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $275,000 $275,000 $16,929 6.25%
COLUMBUS, OH (FHA|USDA|VA) 1 $275,000 $275,000 $9,409 6.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $275,000 $275,000 $3,993 8.63%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $275,000 $275,000 $9,776 7.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $255,000 $255,000 $9,478 6.50%
Henderson, NC (FHA|USDA|VA) 1 $255,000 $255,000 $10,326 6.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $245,000 $245,000 $8,853 6.63%
Ukiah, CA (FHA|USDA|VA) 1 $245,000 $245,000 $9,289 6.38%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,790 7.50%
GAINESVILLE, GA (FHA|USDA|VA) 1 $215,000 $215,000 $8,254 6.50%
GREAT FALLS, MT (FHA|USDA|VA) 1 $215,000 $215,000 $11,870 6.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $210,000 $105,000 $5,936 7.19%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,542 6.75%
Richmond-Berea, KY (FHA|USDA|VA) 1 $205,000 $205,000 $4,371 7.49%
CHICO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $5,744 7.63%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $195,000 $195,000 $9,757 7.50%
ROCHESTER, MN (FHA|USDA|VA) 1 $195,000 $195,000 $9,566 7.50%
Bennettsville, SC (FHA|USDA|VA) 1 $195,000 $195,000 $4,363 7.50%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $5,478 7.63%
Klamath Falls, OR (FHA|USDA|VA) 1 $195,000 $195,000 $5,156 7.25%
Brownwood, TX (FHA|USDA|VA) 1 $185,000 $185,000 $7,367 7.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $185,000 $185,000 $9,639 7.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,838 6.49%
Corsicana, TX (FHA|USDA|VA) 1 $185,000 $185,000 $2,225 7.50%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $175,000 $175,000 $10,005 7.63%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.38%
FLORENCE, SC (FHA|USDA|VA) 1 $175,000 $175,000 $10,057 6.99%
Greenwood, SC (FHA|USDA|VA) 1 $165,000 $165,000 $12,593 9.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $165,000 $165,000 $6,529 6.25%
Mountain Home, ID (FHA|USDA|VA) 1 $155,000 $155,000 $5,070 7.25%
MORRISTOWN, TN (FHA|USDA|VA) 1 $155,000 $155,000 $3,874 7.13%
ALBANY, GA (FHA|USDA|VA) 1 $155,000 $155,000 $8,331 6.63%
Pearsall, TX (FHA|USDA|VA) 1 $145,000 $145,000 $9,457 7.38%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.25%
DULUTH, MN-WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,909 5.88%
Mineral Wells, TX (FHA|USDA|VA) 1 $125,000 $125,000 $9,542 5.99%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $115,000 $115,000 $4,631 5.50%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $115,000 $115,000 $8,217 6.50%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $105,000 $105,000 $4,973 7.63%
Kinston, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.25%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.69%
AMARILLO, TX (FHA|USDA|VA) 1 $55,000 $55,000 $4,361 7.00%
City First Mortgage Services's top markets include Austin, Phoenix, Sacramento, Houston, and Dallas among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

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

    COLORAMO
    Similarity Rank: 50
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    N C P D Federal Credit Union
    Similarity Rank: 126
    Columbia Bank
    Similarity Rank: 156
    Alpine Bank
    Similarity Rank: 165
    GREATER ALLIANCE
    Similarity Rank: 168
    State Bank of Southern Utah
    Similarity Rank: 176
    Blue Foundry Bank
    Similarity Rank: 188
    PCSB Bank
    Similarity Rank: 207

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 615 $201,085,000 $326,967 $9,019 7.23%
    FHA 317 $98,955,000 $312,161 $14,249 6.88%
    VA 104 $39,160,000 $376,538 $10,031 6.76%
    USDA 11 $2,795,000 $254,091 $10,192 6.58%
    FHA 3 $355,000 $118,333 $0 9.00%
    HELOC 2 $210,000 $105,000 n/a 14.06%

    For 2023, City First Mortgage Services's most frequently originated type of loan was Conventional, with 615 originations. Their 2nd most popular type was FHA, with 317 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 963 $317,255,000 $329,444 $10,985 7.05%
    Refi 67 $19,875,000 $296,642 $8,426 7.15%
    Cash Out Refi 20 $5,230,000 $261,500 $7,625 8.93%
    Other 2 $200,000 $100,000 $3,028 9.47%

    For 2023, City First Mortgage Services's most frequently cited loan purpose was Home Purchase, with 963 originations. The 2nd most popular reason was Refi, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,030 $337,830,000 $327,990 $10,861 7.09%
    Other 7 $1,065,000 $152,143 $3,150 7.84%
    15 Year 6 $1,410,000 $235,000 $7,213 5.71%
    20 Year 5 $1,715,000 $343,000 $10,843 6.90%
    10 Year 4 $540,000 $135,000 $2,837 8.69%

    For 2023, City First Mortgage Services's most frequently cited loan duration was 30 Year, with 1,030 originations. The 2nd most popular length was Other, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 484 $184,170,000 $380,517
    $4k-5k 132 $37,040,000 $280,606
    $2k-3k 129 $35,965,000 $278,798
    $3k-4k 107 $26,735,000 $249,860
    $1k-2k 85 $24,785,000 $291,588
    $<1k 74 $23,040,000 $311,351

    City First Mortgage Services's average total fees were $10,861, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 484 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 462 $147,490,000 $319,242
    6-7% 433 $142,645,000 $329,434
    5-6% 83 $28,905,000 $348,253
    Over 8% 71 $22,845,000 $321,761
    4-5% 2 $660,000 $330,000
    <2.5% 1 $15,000 $15,000

    During 2023, City First Mortgage Services's average interest rate for loans was 7.09%, while their most frequently originated rate bucket for loans was 7-8%, with 462 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 605 $178,715,000 $295,397 $10,786 7.04%
    $400k-600k 195 $91,465,000 $469,051 $13,580 7.04%
    $100k-200k 173 $26,585,000 $153,671 $5,952 7.26%
    $600k-1MM 52 $35,180,000 $676,538 $16,177 7.10%
    $100,000 or less 19 $1,245,000 $65,526 $3,967 7.87%
    $1MM+ 8 $9,370,000 $1,171,250 $20,544 7.24%

    2023 saw City First Mortgage Services place emphasis on $200k-400k loans with 605 originations, totaling $178,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 285 $96,995,000 $340,333 $11,449 7.05%
    $75k-100k 230 $67,240,000 $292,348 $10,877 7.02%
    $150k-250k 193 $79,725,000 $413,083 $11,912 7.10%
    $50k-75k 188 $43,350,000 $230,585 $9,025 6.96%
    $250k+ 84 $42,270,000 $503,214 $12,794 7.34%
    $50k or less 72 $12,980,000 $180,278 $7,226 7.53%

    City First Mortgage Services lent most frequently to those with incomes in the $100k-150k range, with 285 originations. The second most popular income band? $75k-100k, with 230 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 133 $44,895,000 $337,556 $13,791 6.92%
    30-36% 129 $41,655,000 $322,907 $9,282 7.07%
    20-30% 104 $29,010,000 $278,942 $8,471 7.05%
    49% 54 $18,880,000 $349,630 $11,445 6.98%
    48% 54 $18,070,000 $334,630 $12,861 7.00%
    47% 53 $18,495,000 $348,962 $11,807 6.98%
    45% 51 $16,735,000 $328,137 $10,753 7.14%
    43% 49 $17,895,000 $365,204 $12,509 7.20%
    44% 48 $15,830,000 $329,792 $9,663 7.07%
    41% 46 $13,830,000 $300,652 $9,443 7.02%
    46% 44 $15,230,000 $346,136 $11,559 7.05%
    42% 44 $14,470,000 $328,864 $10,686 6.91%
    <20% 43 $15,625,000 $363,372 $10,522 7.39%
    40% 38 $10,830,000 $285,000 $8,750 7.09%
    38% 38 $13,030,000 $342,895 $10,709 7.35%
    37% 32 $10,010,000 $312,813 $10,808 7.08%
    39% 31 $10,075,000 $325,000 $10,402 6.76%
    36% 30 $9,460,000 $315,333 $9,362 7.02%
    >60% 14 $4,890,000 $349,286 $9,302 8.15%

    City First Mortgage Services lent most frequently to those with DTI ratios of 50-60%, with 133 originations. The next most common DTI ratio? 30-36%, with 129 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 738 $244,300,000 $331,030 $10,722 7.06%
    Not provided 137 $44,665,000 $326,022 $10,773 7.30%
    Black 106 $29,600,000 $279,245 $10,742 7.13%
    Asian 51 $18,185,000 $356,569 $11,987 7.01%
    American Indian 10 $2,840,000 $284,000 $10,557 6.75%
    Asian Indian 3 $955,000 $318,333 $7,957 6.87%
    Native Hawaiian or Islander 2 $710,000 $355,000 $13,111 6.69%
    Vietnamese 3 $685,000 $228,333 $8,829 6.50%
    Other Pacific Islander 1 $345,000 $345,000 $14,912 6.49%
    1 $275,000 $275,000 $7,683 6.99%

    Approval Rates

    Total approvals of all applications
    96.88%

    City First Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    65.30%

    City First Mortgage Services 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 1,052 $342,560,000 $325,627

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,052 $342,560,000 $325,627

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $4,345,000 $160,926 $5,112 7.37%
    40-60% 81 $23,225,000 $286,728 $7,592 7.10%
    60-80% 238 $81,340,000 $341,765 $10,084 7.36%
    80-100% 678 $224,710,000 $331,431 $11,482 6.99%
    Over 100% 20 $8,070,000 $403,500 $15,282 6.85%
    Under 20% 7 $425,000 $60,714 $2,355 7.91%