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

Delta, OH

LEI: 2549001WH56IR3WR8F53

Tax ID: 34-4233110

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    First Federal Savings And Loan Association Of Delta is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. First Federal Savings And Loan Association Of Delta has a high proportion of conventional loans. Their top two markets are Toledo and Fremont .

    First Federal Savings And Loan Association Of Delta has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. First Federal Savings And Loan Association Of Delta is typically a low 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 6.73% 5/5/24
    30 Year Cash-out Refi 6.72% 5/5/24
    15 Year Conventional Purchase 6.48% 5/5/24
    15 Year Conventional Refi 6.41% 5/5/24
    15 Year Cash-out Refi 6.41% 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.

    First Federal Savings And Loan Association Of Delta Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First Federal Savings And Loan Association Of Delta. 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

    71

    Origination Dollar Volume (All Markets)

    $10,635,000

    Employee count

    40

    Awards

    First Federal Savings and Loan Association of Delta 30 Year Conventional Loans gold First Federal Savings and Loan Association of Delta 30 Year Conventional Loans gold
    Show all (2) awards

    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
    TOLEDO, OH (FHA|USDA|VA) 69 $10,355,000 $150,072 $1,845 4.68%
    Fremont, OH (FHA|USDA|VA) 1 $195,000 $195,000 $1,511 4.75%
    Outside of Metro Areas 1 $85,000 $85,000 $2,004 4.88%
    First Federal Savings And Loan Association Of Delta's top markets include Toledo and Fremont among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Federal Savings and Loan Association of Delta based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Federal Savings and Loan Association of Delta
    Similarity Rank: 48
    JEEP COUNTRY
    Similarity Rank: 52
    HOME MORTGAGE ASSURED CORPORATION
    Similarity Rank: 325
    THE BANKERS GUARANTEE TITLE & TRUST COMPANY
    Similarity Rank: 480
    First National Bank of Bellevue
    Similarity Rank: 696
    The Genoa Banking Company
    Similarity Rank: 741
    Civista Bank
    Similarity Rank: 966
    The Farmers & Merchants State Bank
    Similarity Rank: 1014
    First Federal Bank of the Midwest
    Similarity Rank: 1449
    Huron Valley Financial, Inc.
    Similarity Rank: 1710

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $10,635,000 $149,789 $1,843 4.68%

    For 2018, First Federal Savings And Loan Association Of Delta's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $4,490,000 $132,059 $1,864 4.76%
    Cash Out Refi 29 $4,825,000 $166,379 $1,822 4.61%
    Refi 5 $885,000 $177,000 $1,647 4.55%
    Home Improvement 3 $435,000 $145,000 $2,135 4.79%

    For 2018, First Federal Savings And Loan Association Of Delta's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 49 $8,275,000 $168,878 $1,937 4.76%
    15 Year 13 $1,315,000 $101,154 $1,734 4.52%
    20 Year 7 $885,000 $126,429 $1,565 4.66%
    10 Year 2 $160,000 $80,000 $1,211 3.94%

    For 2018, First Federal Savings And Loan Association Of Delta's most frequently cited loan duration was 30 Year, with 49 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 71 $10,635,000 $149,789

    First Federal Savings And Loan Association Of Delta's average total fees were $1,937, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 71 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 64 $9,080,000 $141,875
    3-4% 3 $375,000 $125,000
    5-6% 3 $1,135,000 $378,333
    6-7% 1 $45,000 $45,000

    During 2018, First Federal Savings And Loan Association Of Delta's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 4-5%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 35 $4,915,000 $140,429 $1,842 4.59%
    $100,000 or less 24 $1,740,000 $72,500 $1,427 4.78%
    $200k-400k 11 $2,975,000 $270,455 $2,468 4.76%
    $1MM+ 1 $1,005,000 $1,005,000 $4,977 5.13%

    2018 saw First Federal Savings And Loan Association Of Delta place emphasis on $100k-200k loans with 35 originations, totaling $4,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $2,130,000 $118,333 $1,652 4.61%
    $50k or less 16 $1,490,000 $93,125 $1,544 4.71%
    $75k-100k 16 $2,150,000 $134,375 $1,860 4.60%
    $100k-150k 13 $2,365,000 $181,923 $2,099 4.78%
    $150k-250k 4 $970,000 $242,500 $2,299 4.31%
    $250k+ 3 $1,245,000 $415,000 $2,759 5.46%

    First Federal Savings And Loan Association Of Delta lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $50k or less, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $3,600,000 $128,571 $1,605 4.78%
    30-36% 19 $2,965,000 $156,053 $2,011 4.62%
    <20% 11 $2,285,000 $207,727 $2,100 4.40%
    36% 3 $565,000 $188,333 $2,454 4.71%
    37% 2 $210,000 $105,000 $1,418 4.75%
    40% 2 $140,000 $70,000 $1,376 5.44%
    42% 2 $240,000 $120,000 $2,404 4.44%
    50-60% 1 $95,000 $95,000 $2,379 4.63%
    38% 1 $125,000 $125,000 $1,156 5.00%
    39% 1 $125,000 $125,000 $1,414 4.88%

    First Federal Savings And Loan Association Of Delta lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $10,635,000 $149,789 $1,843 4.68%

    Approval Rates

    Total approvals of all applications
    95.12%

    First Federal Savings And Loan Association Of Delta 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
    90.14%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 71 $10,635,000 $149,789

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 71 $10,635,000 $149,789

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $165,000 $55,000 $1,104 4.75%
    40-60% 14 $1,480,000 $105,714 $1,544 4.47%
    60-80% 30 $4,550,000 $151,667 $1,854 4.71%
    80-100% 23 $4,425,000 $192,391 $2,105 4.76%
    Under 20% 1 $15,000 $15,000 $1,891 5.00%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Other type of mortgage Trouble during payment process 1 50.0%
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Federal Savings and Loan Association 123 N Main St Swanton, OH 43558 Full Service B&M $29,149
    First Federal Savings and Loan Association 30 South Third St Waterville, OH 43566 Full Service B&M $21,665
    First Federal Savings and Loan Association 3234 North Holland Sylvania Road Toledo, OH 43615 Full Service B&M $13,721
    First Federal Savings and Loan Association 404 Main Street Delta, OH 43515 Full Service B&M $46,363
    First Federal Savings and Loan Association 6600 Providence Street Whitehouse, OH 43571 Full Service B&M $19,734
    First Federal Savings and Loan Association 6910 Airport Highway Holland, OH 43528 Full Service B&M $12,518

    For 2018, First Federal Savings And Loan Association Of Delta had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,136
    Net interest income $5,037
    Total noninterest income $572
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $110
    Trading account gains and fees $0
    Additional Noninterest Income $462
    Pre-tax net operating income $519
    Securities gains (or losses, -) $0
    Income before extraordinary items $450
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $450
    Minority interest net income $0
    Net income $450
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $450

    First Federal Savings And Loan Association Of Delta's gross interest income from loans was $5,136,000.
    First Federal Savings And Loan Association Of Delta's net interest income from loans was $5,037,000.
    First Federal Savings And Loan Association Of Delta's fee based income from loans was $110,000.
    First Federal Savings And Loan Association Of Delta's net income from loans was $450,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $99
    Provision for credit losses $150
    Total noninterest expense $4,940
    Salaries and employee benefits $2,425
    Premises and equipment expense $559
    Additional noninterest expense $1,956
    Applicable income taxes $69
    Net charge-offs $0
    Cash dividends $0

    First Federal Savings And Loan Association Of Delta's interest expense for loans was $99,000.
    First Federal Savings And Loan Association Of Delta's payroll and benefits expense were $2,425,000.
    First Federal Savings And Loan Association Of Delta's property, plant and equipment expenses $559,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $141,644
    Deposits held in domestic offices $141,644
    Deposits by Individuals, partnerships, and corporations $141,644
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $62,742
    Demand deposits $24,736
    Nontransaction accounts $78,902
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $63,030
    Total time deposits $15,874
    Total time and savings deposits $116,908
    Noninterest-bearing deposits $24,736
    Interest-bearing deposits $116,908
    Retail deposits $140,682
    IRAs and Keogh plan accounts $4,654
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $162,129
    Cash & Balances due from depository institutions $38,047
    Interest-bearing balances $36,651
    Total securities $27,876
    Federal funds sold & reverse repurchase $0
    Net loans and leases $85,453
    Loan and leases loss allowance $261
    Trading account assets $0
    Bank premises and fixed assets $1,516
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,237

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $162,129
    Total Liabilities $142,018
    Total deposits $141,644
    Interest-bearing deposits $116,908
    Deposits held in domestic offices $141,644
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $374

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $85,453
    Loan and leases loss allowance $261
    Total loans and leases (domestic) $85,714
    All real estate loans $84,976
    Real estate loans in domestic offices $84,976
    Construction and development loans $1,462
    Residential 1-4 family construction $1,293
    Other construction, all land development and other land $169
    Loans secured by nonfarm nonresidential properties $246
    Nonfarm nonresidential secured by owner-occupied properties $246
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $83,268
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $370
    To non-U.S. addressees $0
    Loans to individuals $458
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $265
    Other loans to individuals $185
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Federal Savings and Loan Association of Delta had $85,453,000 of loans outstanding in 2018. $84,976,000 of loans were in real estate loans. $1,462,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $83,268,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $265,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 5 $246 $49,200
    Nonfarm, nonresidential loans - <$100k 4 $146 $36,500
    Nonfarm, nonresidential loans - $100-250k 1 $100 $100,000
    Commercial & Industrial, US addressed loans - <$1MM 13 $370 $28,462
    Commercial & Industrial, US addressed loans - <$100k 11 $149 $13,545
    Commercial & Industrial, US addressed loans - $100-250k 1 $44 $44,000
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $177 $177,000