City First Mortgage Services Rates, Fees & Info
BOUNTIFUL, UTLEI: 549300YPBBHUEKV1YC68
Tax ID: 87-0515745
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Mortgage Data
Review & 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. 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: Miami, Houston, Ogden, Salt Lake City, and Los Angeles among others. We have data for 52 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 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 | 7.16% | 5/5/24 |
| 30 Year Conventional Refi | 7.02% | 5/5/24 |
| 30 Year Cash-out Refi | 8.20% | 5/5/24 |
| 30 Year FHA Purchase | 7.91% | 5/5/24 |
| 30 Year FHA Refi | 7.55% | 5/5/24 |
| 30 Year VA Purchase | 6.69% | 5/5/24 |
| 30 Year VA Refi | 6.44% | 5/5/24 |
| 30 Year USDA Purchase | 6.93% | 5/5/24 |
| 15 Year Conventional Purchase | 6.68% | 5/5/24 |
| 15 Year Conventional Refi | 6.85% | 5/5/24 |
| 15 Year Cash-out Refi | 6.85% | 5/5/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
861Origination Dollar Volume (All Markets)
$216,345,000Awards
CITY FIRST MORTGAGE SERVICES - 2019
CITY FIRST MORTGAGE SERVICES is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 172 | $52,140,000 | $303,140 | $7,643 | 5.04% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 147 | $26,715,000 | $181,735 | $6,413 | 4.80% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 70 | $18,120,000 | $258,857 | $5,663 | 4.28% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 63 | $15,735,000 | $249,762 | $5,365 | 4.64% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 31 | $15,405,000 | $496,935 | $7,805 | 4.12% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 54 | $13,790,000 | $255,370 | $7,123 | 5.07% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 38 | $10,350,000 | $272,368 | $4,815 | 4.29% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 34 | $9,760,000 | $287,059 | $5,830 | 4.05% |
| ST. GEORGE, UT (FHA|USDA|VA) | 32 | $8,360,000 | $261,250 | $5,058 | 3.80% |
| TULSA, OK (FHA|USDA|VA) | 50 | $7,050,000 | $141,000 | $4,420 | 4.67% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 25 | $5,955,000 | $238,200 | $5,819 | 4.39% |
| PROVO-OREM, UT (FHA|USDA|VA) | 20 | $4,710,000 | $235,500 | $5,694 | 4.30% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 22 | $3,910,000 | $177,727 | $5,540 | 4.56% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $2,700,000 | $270,000 | $5,719 | 4.04% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $2,210,000 | $276,250 | $5,716 | 4.00% |
| Heber, UT (FHA|USDA|VA) | 5 | $2,175,000 | $435,000 | $4,200 | 4.10% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $1,565,000 | $173,889 | $3,581 | 5.37% |
| Outside of Metro Areas | 9 | $1,475,000 | $163,889 | $4,252 | 4.35% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $1,355,000 | $150,556 | $3,742 | 4.89% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $0 | 4.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $14,498 | 4.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $2,785 | 5.19% |
| Muskogee, OK (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $3,419 | 5.13% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $5,309 | 3.93% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $10,876 | 3.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,451 | 3.88% |
| McAlester, OK (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $3,364 | 4.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $9,826 | 5.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,220 | 4.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $7,936 | 7.14% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,095 | 5.63% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,688 | 3.75% |
| Price, UT (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $1,822 | 5.27% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $4,786 | 4.75% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,984 | 3.99% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,473 | 5.38% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,721 | 4.38% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,336 | 5.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,351 | 4.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,471 | 3.75% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,711 | 5.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,393 | 4.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,590 | 4.49% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,514 | 5.88% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,061 | 3.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,955 | 4.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,018 | 4.75% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,323 | 4.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,104 | 5.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,617 | 4.25% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,048 | 5.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,858 | 6.00% |
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.
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Product Mix
For 2019, City First Mortgage Services's most frequently originated type of loan was Conventional, with 498 originations. Their 2nd most popular type was FHA, with 291 originations.
Loan Reason
For 2019, City First Mortgage Services's most frequently cited loan purpose was Home Purchase, with 618 originations. The 2nd most popular reason was Refi, with 236 originations.
Loan Duration/Length
For 2019, City First Mortgage Services's most frequently cited loan duration was 30 Year, with 808 originations. The 2nd most popular length was 15 Year, with 22 originations.
Origination Fees/Closing Costs
City First Mortgage Services's average total fees were $6,194, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 249 originations.
Interest Rates
During 2019, City First Mortgage Services's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 406 originations.
Loan Sizing
2019 saw City First Mortgage Services place emphasis on $200k-400k loans with 429 originations, totaling $118,525,000 in origination value.
Applicant Income
City First Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 256 originations. The second most popular income band? $50k or less, with 183 originations.
Applicant Debt to Income Ratio
City First Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 119 originations. The next most common DTI ratio? 20-30%, with 109 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.94%
City First Mortgage Services has an average approval rate.
Pick Rate
Approvals leading to origination52.50%
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 |
|---|---|---|---|
| 11226.8 | 1 | $665,000 | $665,000 |
| 2055.0 | 1 | $1,285,000 | $1,285,000 |
| 5492.36 | 1 | $155,000 | $155,000 |
| 6563.68 | 1 | $395,000 | $395,000 |
| NA | 857 | $213,845,000 | $249,527 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 15 | $2,725,000 | $181,667 |
| Single Family (1-4 Units):Site-Built | 846 | $213,620,000 | $252,506 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| City First Mortgage Corp | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |