American First Credit Union Mortgage Interest Rate and Cost Review

Is American First Credit Union a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by American First Credit Union to those of other lenders for a comparable set of borrowers. Here is our review of American First Credit Union nationally:

Review ItemAmerican First Credit Union
Interest Ratelower than other lenders (-0.11%)
Loan Related Closing Costslower than other lenders (-$264)
National Rate and Closing Cost Star Rating(4)

On average, American First Credit Union’s interest rates were lower than those of other lenders (-0.11%). Its loan related closing costs were also lower than those of other lenders, with a difference of -$264. Overall, combining interest rates and closing costs we estimate that American First Credit Union tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit American First Credit Union, check out its website at:

American First Credit Union’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track American First Credit Union was most active in:

  1. Los Angeles, CA
  2. San Diego, CA
  3. Phoenix, AZ
  4. San Francisco, CA
  5. Las Vegas, NV

American First Credit Union’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, American First Credit Union originated Conforming mortgages for new home purchases. It also originated Conforming and Jumbo mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

New Purchase MortgagesConforming
Interest Rate Difference-0.05%
Loan Related Closing Cost Difference-$156
Cost Adjusted Rate Difference-0.05%
National Star Rating(4)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.12%+0.01%
Loan Related Closing Cost Difference-$292+$26
Cost Adjusted Rate Difference-0.14%+0.01%
Average Star Rating(4)(3.5)

As a summary, American First Credit Union is cheap for Conforming purchase mortgages. For refinancing mortgages, American First Credit Union is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about American First Credit Union:

Registered name: American First Credit Union
Registered city and state: BREA, CA, 92821
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for American First Credit Union’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.