First Federal Savings And Loan Association Of Greensburg Mortgage Rates, Fees & Info

Greensburg, IN

LEI: 2549001URDOO8V3DI280

Tax ID: 35-0352590

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Mortgage Data

Review & Overview

First Federal Savings And Loan Association Of Greensburg is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. First Federal Savings And Loan Association Of Greensburg has a high proportion of conventional loans. Their top markets by origination volume include: Greensburg, Indianapolis, Fort Wayne, Cape Coral, and North Port among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal Savings And Loan Association Of Greensburg 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.

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Originations

42

Origination Dollar Volume (All Markets)

$7,590,000

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
Greensburg, IN (FHA|USDA|VA) 24 $4,300,000 $179,167 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $845,000 $120,714 $0 0.00%
FORT WAYNE, IN (FHA|USDA|VA) 3 $685,000 $228,333 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $665,000 $665,000 $0 0.00%
Outside of Metro Areas 5 $545,000 $109,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
First Federal Savings And Loan Association Of Greensburg's top markets include Greensburg, Indianapolis, Fort Wayne, Cape Coral, and North Port among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 42 $7,590,000 $180,714 $0 0.00%

    For 2023, First Federal Savings And Loan Association Of Greensburg's most frequently originated type of loan was Conventional, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 23 $5,135,000 $223,261 $0 0.00%
    Cash Out Refi 16 $1,700,000 $106,250 $0 0.00%
    Refi 3 $755,000 $251,667 $0 0.00%

    For 2023, First Federal Savings And Loan Association Of Greensburg's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 42 $7,590,000 $180,714 $0 0.00%

    For 2023, First Federal Savings And Loan Association Of Greensburg's most frequently cited loan duration was Other, with 42 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 15 $935,000 $62,333 $0 0.00%
    $100k-200k 14 $1,960,000 $140,000 $0 0.00%
    $200k-400k 10 $2,890,000 $289,000 $0 0.00%
    $400k-600k 2 $1,140,000 $570,000 $0 0.00%
    $600k-1MM 1 $665,000 $665,000 $0 0.00%

    2023 saw First Federal Savings And Loan Association Of Greensburg place emphasis on $100,000 or less loans with 15 originations, totaling $935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 10 $1,790,000 $179,000 $0 0.00%
    $50k-75k 9 $1,015,000 $112,778 $0 0.00%
    $50k or less 8 $970,000 $121,250 $0 0.00%
    $100k-150k 7 $1,315,000 $187,857 $0 0.00%
    $250k+ 5 $1,985,000 $397,000 $0 0.00%
    $75k-100k 3 $515,000 $171,667 $0 0.00%

    First Federal Savings And Loan Association Of Greensburg lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 42 $7,590,000 $180,714 $0 0.00%

    First Federal Savings And Loan Association Of Greensburg lent most frequently to those with DTI ratios of Exempt%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $7,425,000 $181,098 $0 0.00%
    Filipino 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.92%

    First Federal Savings And Loan Association Of Greensburg 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
    88.10%

    First Federal Savings And Loan Association Of Greensburg has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 42 $7,590,000 $180,714

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    42 $7,590,000 $180,714