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

Jump to:

  • 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 Cash Out Refi, Refi, and Home Purchase 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.73% 12/16/24
    30 Year Cash-out Refi 6.72% 12/16/24
    15 Year Conventional Purchase 6.48% 12/16/24
    15 Year Conventional Refi 6.41% 12/16/24
    15 Year Cash-out Refi 6.41% 12/16/24
    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

    152

    Origination Dollar Volume (All Markets)

    $26,400,000

    Employee count

    38

    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) 141 $24,735,000 $175,426 $1,969 3.39%
    Outside of Metro Areas 7 $1,035,000 $147,857 $1,549 3.23%
    Fremont, OH (FHA|USDA|VA) 4 $630,000 $157,500 $1,762 3.59%
    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.

    Bay Area Credit Union, Inc.
    Similarity Rank: 39
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 141
    JEEP COUNTRY
    Similarity Rank: 272
    The Farmers & Merchants State Bank
    Similarity Rank: 742
    YOUR HOME FINANCIAL LLC
    Similarity Rank: 938
    First National Bank of Bellevue
    Similarity Rank: 969
    The Citizens National Bank of Bluffton
    Similarity Rank: 1377
    THE EQUITABLE MORTGAGE CORPORATION
    Similarity Rank: 2028
    The Union Bank Company
    Similarity Rank: 2061
    Civista Bank
    Similarity Rank: 2220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 152 $26,400,000 $173,684 $1,944 3.39%

    For 2020, First Federal Savings And Loan Association Of Delta's most frequently originated type of loan was Conventional, with 152 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 58 $9,800,000 $168,966 $1,875 3.41%
    Refi 53 $8,025,000 $151,415 $1,892 3.18%
    Home Purchase 40 $8,360,000 $209,000 $2,107 3.62%
    Home Improvement 1 $215,000 $215,000 $2,080 3.75%

    For 2020, First Federal Savings And Loan Association Of Delta's most frequently cited loan purpose was Cash Out Refi, with 58 originations. The 2nd most popular reason was Refi, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 84 $17,630,000 $209,881 $1,971 3.46%
    15 Year 35 $4,075,000 $116,429 $1,786 3.14%
    20 Year 19 $2,095,000 $110,263 $1,826 3.39%
    Other 5 $1,035,000 $207,000 $2,230 3.48%
    10 Year 4 $250,000 $62,500 $1,951 3.63%
    30+ year 4 $1,030,000 $257,500 $3,257 3.72%
    1 Year 1 $285,000 $285,000 $690 3.50%

    For 2020, First Federal Savings And Loan Association Of Delta's most frequently cited loan duration was 30 Year, with 84 originations. The 2nd most popular length was 15 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 147 $25,685,000 $174,728
    $2k-3k 2 $200,000 $100,000
    $1k-2k 1 $325,000 $325,000

    First Federal Savings And Loan Association Of Delta's average total fees were $1,971, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 147 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 106 $18,780,000 $177,170
    2.5-3% 40 $6,680,000 $167,000
    4-5% 4 $670,000 $167,500
    <2.5% 2 $270,000 $135,000

    During 2020, First Federal Savings And Loan Association Of Delta's average interest rate for loans was 3.46%, while their most frequently originated rate bucket for loans was 3-4%, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 68 $10,000,000 $147,059 $1,854 3.33%
    $100,000 or less 45 $3,255,000 $72,333 $1,577 3.44%
    $200k-400k 33 $8,515,000 $258,030 $2,375 3.45%
    $400k-600k 3 $1,625,000 $541,667 $2,680 3.33%
    $600k-1MM 2 $1,570,000 $785,000 $3,343 3.50%
    $1MM+ 1 $1,435,000 $1,435,000 $5,784 3.50%

    2020 saw First Federal Savings And Loan Association Of Delta place emphasis on $100k-200k loans with 68 originations, totaling $10,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 33 $4,565,000 $138,333 $1,691 3.45%
    $100k-150k 31 $5,765,000 $185,968 $2,027 3.36%
    $50k or less 31 $2,945,000 $95,000 $1,500 3.51%
    $75k-100k 31 $4,695,000 $151,452 $2,234 3.32%
    $150k-250k 14 $3,460,000 $247,143 $2,238 3.28%
    $250k+ 7 $4,475,000 $639,286 $3,195 3.57%

    First Federal Savings And Loan Association Of Delta lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 57 $10,175,000 $178,509 $1,955 3.43%
    <20% 36 $6,300,000 $175,000 $2,114 3.30%
    30-36% 30 $5,240,000 $174,667 $1,838 3.46%
    37% 6 $1,200,000 $200,000 $1,692 3.50%
    36% 5 $715,000 $143,000 $1,747 3.48%
    39% 4 $750,000 $187,500 $2,204 3.63%
    40% 2 $270,000 $135,000 $2,091 3.13%
    38% 1 $145,000 $145,000 $1,496 3.25%
    41% 1 $85,000 $85,000 $1,342 3.88%
    43% 1 $195,000 $195,000 $1,977 3.25%
    46% 1 $395,000 $395,000 $2,293 3.25%
    49% 1 $215,000 $215,000 $3,577 3.50%

    First Federal Savings And Loan Association Of Delta lent most frequently to those with DTI ratios of 20-30%, with 57 originations. The next most common DTI ratio? <20%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 149 $24,745,000 $166,074 $1,925 3.39%
    Asian 1 $1,435,000 $1,435,000 $5,784 3.50%
    Black 2 $220,000 $110,000 $1,421 2.94%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    98.68%

    First Federal Savings And Loan Association Of Delta has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 152 $26,400,000 $173,684

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 152 $26,400,000 $173,684

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $840,000 $70,000 $1,576 3.30%
    40-60% 31 $4,105,000 $132,419 $1,843 3.26%
    60-80% 74 $14,320,000 $193,514 $2,083 3.43%
    80-100% 34 $7,090,000 $208,529 $1,895 3.47%
    Under 20% 1 $45,000 $45,000 $961 2.63%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    First Technology Federal Credit Union Home equity loan or line of credit (HELOC) Closing on a mortgage 1 25.0%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 1 25.0%
    First Technology Federal Credit Union Conventional home mortgage Incorrect information on your report 1 25.0%

    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 $33,632
    First Federal Savings and Loan Association 30 South Third St Waterville, OH 43566 Full Service B&M $25,193
    First Federal Savings and Loan Association 3234 North Holland Sylvania Road Toledo, OH 43615 Full Service B&M $13,840
    First Federal Savings and Loan Association 404 Main Street Delta, OH 43515 Full Service B&M $46,821
    First Federal Savings and Loan Association 6600 Providence Street Whitehouse, OH 43571 Full Service B&M $23,997
    First Federal Savings and Loan Association 8165 Airport Highway Holland, OH 43528 Full Service B&M $16,935

    For 2020, First Federal Savings And Loan Association Of Delta had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,684
    Net interest income $4,491
    Total noninterest income $761
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $91
    Trading account gains and fees $0
    Additional Noninterest Income $670
    Pre-tax net operating income $240
    Securities gains (or losses, -) $0
    Income before extraordinary items $231
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $231
    Minority interest net income $0
    Net income $231
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $231

    First Federal Savings And Loan Association Of Delta's gross interest income from loans was $4,684,000.
    First Federal Savings And Loan Association Of Delta's net interest income from loans was $4,491,000.
    First Federal Savings And Loan Association Of Delta's fee based income from loans was $91,000.
    First Federal Savings And Loan Association Of Delta's net income from loans was $231,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $193
    Provision for credit losses $87
    Total noninterest expense $4,925
    Salaries and employee benefits $2,402
    Premises and equipment expense $654
    Additional noninterest expense $1,869
    Applicable income taxes $9
    Net charge-offs $47
    Cash dividends $0

    First Federal Savings And Loan Association Of Delta's interest expense for loans was $193,000.
    First Federal Savings And Loan Association Of Delta's payroll and benefits expense were $2,402,000.
    First Federal Savings And Loan Association Of Delta's property, plant and equipment expenses $654,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 $176,868
    Deposits held in domestic offices $176,868
    Deposits by Individuals, partnerships, and corporations $175,568
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,300
    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 $82,343
    Demand deposits $29,710
    Nontransaction accounts $94,525
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $77,952
    Total time deposits $16,573
    Total time and savings deposits $147,158
    Noninterest-bearing deposits $29,823
    Interest-bearing deposits $147,045
    Retail deposits $175,950
    IRAs and Keogh plan accounts $4,657
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $199,910
    Cash & Balances due from depository institutions $60,545
    Interest-bearing balances $57,453
    Total securities $43,344
    Federal funds sold & reverse repurchase $0
    Net loans and leases $82,958
    Loan and leases loss allowance $436
    Trading account assets $0
    Bank premises and fixed assets $3,809
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,254

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $199,910
    Total Liabilities $177,628
    Total deposits $176,868
    Interest-bearing deposits $147,045
    Deposits held in domestic offices $176,868
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $760

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $82,958
    Loan and leases loss allowance $436
    Total loans and leases (domestic) $83,394
    All real estate loans $80,919
    Real estate loans in domestic offices $80,919
    Construction and development loans $1,286
    Residential 1-4 family construction $707
    Other construction, all land development and other land $579
    Loans secured by nonfarm nonresidential properties $487
    Nonfarm nonresidential secured by owner-occupied properties $487
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $79,146
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $47
    Commercial and industrial loans $1,969
    To non-U.S. addressees $0
    Loans to individuals $553
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $345
    Other loans to individuals $200
    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 $82,958,000 of loans outstanding in 2020. $80,919,000 of loans were in real estate loans. $1,286,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $79,146,000 of loans were in 1-4 family mortgage loans. $47,000 of loans were in farm loans. $0 of loans were in credit card loans. $345,000 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 6 $487 $81,167
    Nonfarm, nonresidential loans - <$100k 4 $186 $46,500
    Nonfarm, nonresidential loans - $250k-1MM 2 $301 $150,500
    Commercial & Industrial, US addressed loans - <$1MM 46 $1,969 $42,804
    Commercial & Industrial, US addressed loans - <$100k 38 $762 $20,053
    Commercial & Industrial, US addressed loans - $100-250k 7 $938 $134,000
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $269 $269,000
    Agriculture operations loans - <$1MM 2 $47 $23,500
    Agriculture operations loans - <$100k 2 $47 $23,500