City First Mortgage Services Rates, Fees & Info

BOUNTIFUL, UT

LEI: 549300YPBBHUEKV1YC68

Tax ID: 87-0515745

2.8 stars - out of 5 stars, based on 45 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

City First Mortgage Services is a smaller mortgage company specializing in Home Purchase and Refi 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. Their top markets include Miami, Austin, Houston, Charleston, and Los Angeles among others. City First Mortgage Services has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. City First Mortgage Services is typically a high fee lendor.


Originations

2,052

Origination Dollar Volume (All Markets)

$550,960,000

Awards

CITY FIRST MORTGAGE SERVICES  30 Year Conventional Loans bronze CITY FIRST MORTGAGE SERVICES  30 Year Conventional Loans bronze CITY FIRST MORTGAGE SERVICES  30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

City First Mortgage Services 's average 30 year fixed rate mortgage of loans were 3.3%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.15%.

Relative Fees

City First Mortgage Services 's average total fees for a 30 year fixed rate mortgage are $6,552.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 214 $69,550,000 $325,000 $6,962 3.29%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 218 $66,740,000 $306,147 $7,630 3.19%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 213 $48,005,000 $225,376 $8,272 3.39%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 125 $35,045,000 $280,360 $5,376 3.19%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 56 $25,070,000 $447,679 $5,688 2.97%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 84 $24,260,000 $288,810 $4,371 2.90%
LUBBOCK, TX (FHA|USDA|VA) 130 $23,000,000 $176,923 $5,691 3.45%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 86 $20,700,000 $240,698 $4,915 3.34%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 79 $20,535,000 $259,937 $6,942 3.37%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 54 $15,270,000 $282,778 $5,535 3.35%
Outside of Metro Areas 71 $13,875,000 $195,423 $5,844 3.20%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 56 $13,870,000 $247,679 $4,841 2.92%
ST. GEORGE, UT (FHA|USDA|VA) 40 $13,290,000 $332,250 $4,512 2.88%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 52 $11,840,000 $227,692 $7,547 3.38%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 36 $11,170,000 $310,278 $7,138 3.29%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 46 $11,080,000 $240,870 $7,961 3.23%
SALT LAKE CITY, UT (FHA|USDA|VA) 21 $7,625,000 $363,095 $7,136 3.11%
GRAND JUNCTION, CO (FHA|USDA|VA) 34 $7,120,000 $209,412 $5,458 3.08%
PROVO-OREM, UT (FHA|USDA|VA) 20 $6,900,000 $345,000 $3,947 2.92%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 21 $6,895,000 $328,333 $5,424 3.10%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 24 $6,300,000 $262,500 $4,534 3.02%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 11 $6,005,000 $545,909 $9,994 3.64%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 42 $4,670,000 $111,190 $4,230 4.04%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 16 $4,080,000 $255,000 $6,056 3.41%
BILLINGS, MT (FHA|USDA|VA) 15 $3,675,000 $245,000 $7,219 3.08%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 14 $3,140,000 $224,286 $7,201 3.59%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $3,020,000 $503,333 $12,519 2.67%
MIDLAND, TX (FHA|USDA|VA) 10 $2,910,000 $291,000 $7,242 3.19%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 14 $2,660,000 $190,000 $4,859 3.21%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 10 $2,390,000 $239,000 $7,691 3.41%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $2,140,000 $535,000 $13,973 2.84%
Huntsville, TX (FHA|USDA|VA) 9 $2,065,000 $229,444 $5,890 3.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $2,005,000 $401,000 $5,680 3.05%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 10 $1,960,000 $196,000 $6,872 3.35%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $1,960,000 $490,000 $9,402 2.91%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $1,760,000 $440,000 $4,995 3.44%
YORK-HANOVER, PA (FHA|USDA|VA) 10 $1,730,000 $173,000 $7,249 3.66%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,695,000 $339,000 $6,047 3.05%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,655,000 $551,667 $6,016 3.04%
Pahrump, NV (FHA|USDA|VA) 8 $1,570,000 $196,250 $6,112 3.81%
Bozeman, MT (FHA|USDA|VA) 4 $1,500,000 $375,000 $11,876 2.97%
OKLAHOMA CITY, OK (FHA|USDA|VA) 12 $1,440,000 $120,000 $4,830 3.69%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $1,360,000 $226,667 $8,515 3.33%
TULSA, OK (FHA|USDA|VA) 7 $1,295,000 $185,000 $5,174 3.43%
COLUMBIA, SC (FHA|USDA|VA) 5 $1,295,000 $259,000 $4,011 2.80%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $1,255,000 $418,333 $6,484 3.04%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,311 3.04%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,055,000 $351,667 $6,247 3.67%
LONGVIEW, TX (FHA|USDA|VA) 5 $1,045,000 $209,000 $8,866 3.10%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $1,045,000 $348,333 $5,143 3.13%
Key West, FL (FHA|USDA|VA) 2 $1,020,000 $510,000 $6,884 3.63%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $995,000 $331,667 $2,831 2.58%
Glenwood Springs, CO (FHA|USDA|VA) 4 $980,000 $245,000 $5,867 3.06%
WENATCHEE, WA (FHA|USDA|VA) 3 $955,000 $318,333 $7,764 3.25%
TUCSON, AZ (FHA|USDA|VA) 3 $935,000 $311,667 $6,105 4.17%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $850,000 $425,000 $5,952 2.88%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $800,000 $400,000 $4,879 3.38%
Georgetown, SC (FHA|USDA|VA) 4 $800,000 $200,000 $5,665 3.16%
Cedar City, UT (FHA|USDA|VA) 3 $785,000 $261,667 $8,847 3.17%
STOCKTON, CA (FHA|USDA|VA) 2 $740,000 $370,000 $13,570 3.06%
Kalispell, MT (FHA|USDA|VA) 1 $705,000 $705,000 $16,322 3.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $690,000 $345,000 $8,250 3.06%
FAYETTEVILLE, NC (FHA|USDA|VA) 6 $660,000 $110,000 $3,128 4.02%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $655,000 $218,333 $6,374 3.58%
ODESSA, TX (FHA|USDA|VA) 3 $575,000 $191,667 $7,817 3.67%
BOISE CITY, ID (FHA|USDA|VA) 1 $565,000 $565,000 $25,267 2.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $530,000 $265,000 $3,950 3.06%
Granbury, TX (FHA|USDA|VA) 1 $505,000 $505,000 $6,084 2.88%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $495,000 $165,000 $6,972 3.75%
KNOXVILLE, TN (FHA|USDA|VA) 1 $485,000 $485,000 $4,595 3.25%
Helena, MT (FHA|USDA|VA) 1 $465,000 $465,000 $15,549 2.88%
Price, UT (FHA|USDA|VA) 3 $465,000 $155,000 $3,131 3.54%
MISSOULA, MT (FHA|USDA|VA) 2 $450,000 $225,000 $5,509 2.75%
YAKIMA, WA (FHA|USDA|VA) 3 $435,000 $145,000 $3,209 2.92%
Levelland, TX (FHA|USDA|VA) 3 $425,000 $141,667 $5,889 3.42%
FRESNO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $6,953 4.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $420,000 $210,000 $5,082 3.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $410,000 $102,500 $4,917 3.78%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $380,000 $190,000 $5,472 3.19%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $3,751 3.13%
TYLER, TX (FHA|USDA|VA) 1 $365,000 $365,000 $5,795 2.88%
PANAMA CITY, FL (FHA|USDA|VA) 2 $350,000 $175,000 $6,795 3.56%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $345,000 $345,000 $4,959 3.38%
OCALA, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,735 2.88%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $325,000 $325,000 $4,571 2.38%
Cullowhee, NC (FHA|USDA|VA) 1 $315,000 $315,000 $4,974 3.63%
AMES, IA (FHA|USDA|VA) 1 $305,000 $305,000 $14,457 3.25%
RICHMOND, VA (FHA|USDA|VA) 2 $300,000 $150,000 $4,430 4.13%
Centralia, WA (FHA|USDA|VA) 1 $295,000 $295,000 $4,138 4.13%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $9,202 2.63%
SAN ANGELO, TX (FHA|USDA|VA) 1 $285,000 $285,000 $5,391 2.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $280,000 $140,000 $5,961 3.31%
Plainview, TX (FHA|USDA|VA) 2 $280,000 $140,000 $5,543 3.25%
MONTGOMERY, AL (FHA|USDA|VA) 1 $275,000 $275,000 $14,711 3.13%
WACO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $6,855 2.88%
Gillette, WY (FHA|USDA|VA) 1 $275,000 $275,000 $3,810 3.13%
Lufkin, TX (FHA|USDA|VA) 1 $265,000 $265,000 $5,322 3.38%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $265,000 $265,000 $6,390 3.25%
Andrews, TX (FHA|USDA|VA) 1 $255,000 $255,000 $7,456 3.00%
Boone, NC (FHA|USDA|VA) 1 $255,000 $255,000 $4,392 2.75%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $255,000 $255,000 $6,948 3.00%
AMARILLO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,646 3.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,443 3.13%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $245,000 $245,000 $6,468 3.13%
RENO, NV (FHA|USDA|VA) 1 $225,000 $225,000 $3,340 3.00%
Corsicana, TX (FHA|USDA|VA) 1 $225,000 $225,000 $7,124 3.25%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $225,000 $225,000 $4,551 3.25%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $215,000 $215,000 $2,821 2.75%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $215,000 $215,000 $6,060 3.50%
Mason City, IA (FHA|USDA|VA) 1 $215,000 $215,000 $3,962 3.25%
Show Low, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $5,209 3.88%
SUMTER, SC (FHA|USDA|VA) 1 $205,000 $205,000 $2,074 2.25%
Marion, NC (FHA|USDA|VA) 1 $195,000 $195,000 $4,120 3.50%
JACKSON, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,750 3.75%
LANCASTER, PA (FHA|USDA|VA) 1 $195,000 $195,000 $5,125 4.13%
BELLINGHAM, WA (FHA|USDA|VA) 1 $185,000 $185,000 $7,031 3.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $185,000 $185,000 $6,953 3.00%
Sonora, CA (FHA|USDA|VA) 1 $175,000 $175,000 $3,368 2.88%
LINCOLN, NE (FHA|USDA|VA) 1 $155,000 $155,000 $3,009 3.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,832 3.50%
MOBILE, AL (FHA|USDA|VA) 1 $125,000 $125,000 $3,593 3.13%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $105,000 $105,000 $3,426 4.00%
Carroll, IA (FHA|USDA|VA) 1 $75,000 $75,000 $3,670 3.25%

City First Mortgage Services 's top markets include Miami, Austin, Houston, Charleston, and Los Angeles among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,511 $404,655,000 $267,806 $5,269 3.27%
FHA 420 $105,390,000 $250,929 $10,109 3.31%
VA 107 $37,975,000 $354,907 $8,075 2.97%
USDA 14 $2,940,000 $210,000 $6,994 2.86%

For the 2021 period, City First Mortgage Services 's most frequently originated loan type of loans were Conventional, with 1,511 originations. Their 2nd most popular type is FHA, with 420 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,217 $333,585,000 $274,104 $7,410 3.36%
Refi 789 $204,385,000 $259,043 $4,935 3.11%
Cash Out Refi 44 $12,890,000 $292,955 $5,762 3.30%
Home Improvement 1 $95,000 $95,000 $3,366 3.00%
Other 1 $5,000 $5,000 $150 0.00%

For the 2021, City First Mortgage Services 's most frequently cited loan purpose of loans were Home Purchase, with 1,217 originations. The 2nd most popular reason of loans were Refi, with 789 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,919 $522,665,000 $272,363 $6,552 3.30%
15 Year 88 $18,350,000 $208,523 $4,517 2.63%
20 Year 26 $5,700,000 $219,231 $4,195 3.04%
Other 15 $3,795,000 $253,000 $4,861 2.91%
10 Year 4 $450,000 $112,500 $4,427 2.47%

For the 2021, City First Mortgage Services 's most frequently cited loan length of loans were 30 Year, with 1,919 originations. The 2nd most popular length of loans were 15 Year, with 88 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,030 $280,300,000 $272,136
$2k-3k 408 $100,020,000 $245,147
$3k-4k 360 $89,340,000 $248,167
$5k+ 172 $60,350,000 $350,872
$<1k 81 $20,815,000 $256,975

$6,552 of loans were City First Mortgage Services 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,030 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,200 $319,510,000 $266,258
2.5-3% 601 $169,125,000 $281,406
<2.5% 128 $37,110,000 $289,922
4-5% 117 $23,975,000 $204,915
5-6% 5 $1,235,000 $247,000

During 2021, City First Mortgage Services 's average interest rate of loans were 3.30%, while their most frequently originated rate bucket of loans were 3-4%, with 1,200 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,035 $291,315,000 $281,464 $6,847 3.23%
$100k-200k 613 $96,105,000 $156,778 $5,217 3.33%
$400k-600k 287 $137,985,000 $480,784 $7,525 3.15%
$100,000 or less 93 $7,665,000 $82,419 $4,086 3.48%
$600k-1MM 23 $16,405,000 $713,261 $13,107 3.20%
$1MM+ 1 $1,485,000 $1,485,000 $44,753 3.88%

2021 saw City First Mortgage Services place emphasis on $200k-400k loans with 1,035 originations, totaling $291,315,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 559 $133,015,000 $237,952 $6,809 3.29%
$50k or less 420 $83,430,000 $198,643 $6,296 3.28%
$75k-100k 386 $107,840,000 $279,378 $6,468 3.24%
$100k-150k 360 $110,000,000 $305,556 $6,018 3.24%
$150k-250k 245 $84,345,000 $344,265 $6,140 3.24%
$250k+ 80 $31,650,000 $395,625 $6,800 3.23%

City First Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 559 originations. The second most popular income band? $50k or less, with 420 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 353 $95,355,000 $270,127 $5,776 3.22%
20-30% 314 $81,710,000 $260,223 $5,194 3.16%
<20% 138 $33,780,000 $244,783 $5,036 3.19%
44% 126 $32,520,000 $258,095 $6,776 3.34%
50-60% 120 $33,010,000 $275,083 $10,371 3.24%
42% 94 $25,520,000 $271,489 $6,288 3.38%
41% 84 $22,370,000 $266,310 $6,418 3.35%
45% 82 $25,500,000 $310,976 $7,427 3.32%
43% 80 $21,000,000 $262,500 $6,350 3.33%
39% 79 $21,185,000 $268,165 $5,471 3.34%
38% 79 $20,985,000 $265,633 $6,064 3.35%
37% 77 $21,715,000 $282,013 $6,349 3.34%
49% 76 $19,220,000 $252,895 $7,505 3.39%
40% 73 $21,715,000 $297,466 $6,943 3.26%
48% 71 $19,535,000 $275,141 $8,038 3.36%
46% 65 $16,855,000 $259,308 $7,322 3.29%
47% 63 $16,915,000 $268,492 $7,713 3.21%
36% 52 $14,430,000 $277,500 $6,606 3.18%
>60% 1 $185,000 $185,000 $1,035 3.38%

City First Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 353 originations. The next most common DTI ratio? 20-30%, with 314 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,627 $437,595,000 $268,958 $6,353 3.24%
Not provided 236 $67,450,000 $285,805 $6,577 3.29%
Asian 78 $19,430,000 $249,103 $6,223 3.34%
Black 81 $18,645,000 $230,185 $7,620 3.47%
American Indian 14 $3,820,000 $272,857 $6,655 3.41%
Asian Indian 6 $1,660,000 $276,667 $5,263 3.13%
Other Asian 2 $770,000 $385,000 $6,369 2.63%
Vietnamese 2 $580,000 $290,000 $7,065 3.31%
Native Hawaiian 1 $265,000 $265,000 $4,154 2.75%
Japanese 2 $210,000 $105,000 $3,846 3.69%
Chinese 1 $195,000 $195,000 $4,785 3.75%
Not applicable 1 $195,000 $195,000 $5,237 2.50%
Korean 1 $145,000 $145,000 $3,991 3.13%

Approval Rates

Total approvals of all applications
95.97%

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
66.57%

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 2,052 $550,960,000 $268,499

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,052 $550,960,000 $268,499

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 57 $11,795,000 $206,930 $4,042 2.91%
40-60% 229 $57,755,000 $252,205 $4,580 2.98%
60-80% 724 $193,180,000 $266,823 $5,322 3.30%
80-100% 1,011 $279,315,000 $276,276 $7,629 3.32%
Over 100% 16 $6,980,000 $436,250 $16,825 3.10%
Under 20% 14 $1,570,000 $112,143 $3,579 3.04%