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 Refi, 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 Defiance .

    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

    172

    Origination Dollar Volume (All Markets)

    $30,980,000

    Employee count

    35

    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) 155 $28,465,000 $183,645 $2,007 3.12%
    Outside of Metro Areas 14 $2,180,000 $155,714 $1,846 2.96%
    Defiance, OH (FHA|USDA|VA) 3 $335,000 $111,667 $2,024 3.42%
    First Federal Savings And Loan Association Of Delta's top markets include Toledo and Defiance 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: 12
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 150
    The Henry County Bank
    Similarity Rank: 333
    First Federal Savings and Loan Association of Lorain
    Similarity Rank: 666
    The Croghan Colonial Bank
    Similarity Rank: 952
    First National Bank of Bellevue
    Similarity Rank: 962
    The Genoa Banking Company
    Similarity Rank: 1305
    Union Savings Bank
    Similarity Rank: 1650
    The Old Fort Banking Company
    Similarity Rank: 1680
    THE EQUITABLE MORTGAGE CORPORATION
    Similarity Rank: 2640

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $30,980,000 $180,116 $1,994 3.11%

    For 2021, First Federal Savings And Loan Association Of Delta's most frequently originated type of loan was Conventional, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 63 $10,385,000 $164,841 $1,822 2.90%
    Home Purchase 57 $12,605,000 $221,140 $2,417 3.29%
    Cash Out Refi 49 $7,755,000 $158,265 $1,754 3.08%
    Other 3 $235,000 $78,333 $1,502 4.42%

    For 2021, First Federal Savings And Loan Association Of Delta's most frequently cited loan purpose was Refi, with 63 originations. The 2nd most popular reason was Home Purchase, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 96 $17,970,000 $187,188 $2,084 3.24%
    15 Year 50 $6,710,000 $134,200 $1,803 2.72%
    20 Year 14 $2,200,000 $157,143 $1,814 3.11%
    Other 6 $950,000 $158,333 $2,140 2.79%
    30+ year 4 $3,030,000 $757,500 $2,940 3.41%
    10 Year 2 $120,000 $60,000 $1,401 7.25%

    For 2021, First Federal Savings And Loan Association Of Delta's most frequently cited loan duration was 30 Year, with 96 originations. The 2nd most popular length was 15 Year, with 50 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 171 $30,895,000 $180,673
    $2k-3k 1 $85,000 $85,000

    First Federal Savings And Loan Association Of Delta's average total fees were $2,084, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 171 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 81 $13,385,000 $165,247
    3-4% 64 $13,710,000 $214,219
    <2.5% 22 $3,290,000 $149,545
    4-5% 3 $475,000 $158,333
    7-8% 2 $120,000 $60,000

    During 2021, First Federal Savings And Loan Association Of Delta's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 2.5-3%, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 79 $11,635,000 $147,278 $1,916 3.03%
    $100,000 or less 48 $3,530,000 $73,542 $1,686 3.22%
    $200k-400k 37 $10,025,000 $270,946 $2,338 3.11%
    $400k-600k 4 $1,850,000 $462,500 $2,837 3.00%
    $600k-1MM 3 $2,075,000 $691,667 $3,130 3.42%
    $1MM+ 1 $1,865,000 $1,865,000 $3,434 3.50%

    2021 saw First Federal Savings And Loan Association Of Delta place emphasis on $100k-200k loans with 79 originations, totaling $11,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 44 $8,930,000 $202,955 $2,224 3.06%
    $75k-100k 40 $6,330,000 $158,250 $1,910 3.23%
    $50k-75k 28 $3,110,000 $111,071 $1,710 3.06%
    $150k-250k 25 $5,155,000 $206,200 $1,987 3.14%
    $50k or less 22 $1,840,000 $83,636 $1,790 3.03%
    $250k+ 9 $5,105,000 $567,222 $2,848 3.24%

    First Federal Savings And Loan Association Of Delta lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $75k-100k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 69 $14,515,000 $210,362 $2,056 3.14%
    <20% 55 $8,935,000 $162,455 $2,020 3.15%
    30-36% 32 $4,790,000 $149,688 $1,909 2.98%
    40% 3 $955,000 $318,333 $2,337 3.25%
    38% 2 $260,000 $130,000 $1,868 3.31%
    36% 2 $450,000 $225,000 $2,053 3.19%
    37% 2 $360,000 $180,000 $1,881 3.31%
    39% 1 $55,000 $55,000 $1,479 3.25%
    41% 1 $85,000 $85,000 $1,302 3.00%
    >60% 1 $65,000 $65,000 $1,402 2.88%

    First Federal Savings And Loan Association Of Delta lent most frequently to those with DTI ratios of 20-30%, with 69 originations. The next most common DTI ratio? <20%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 172 $30,980,000 $180,116 $1,994 3.11%

    Approval Rates

    Total approvals of all applications
    98.92%

    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
    93.60%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 172 $30,980,000 $180,116

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    172 $30,980,000 $180,116

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,400,000 $87,500 $1,644 2.72%
    40-60% 38 $5,370,000 $141,316 $1,864 2.97%
    60-80% 72 $14,050,000 $195,139 $2,029 3.07%
    80-100% 44 $10,070,000 $228,864 $2,206 3.44%
    Under 20% 2 $90,000 $45,000 $1,365 3.00%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Other type of mortgage Trouble during payment process 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Closing on a mortgage 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Incorrect information on your report 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 2 28.6%
    First Technology Federal Credit Union FHA mortgage Struggling to pay mortgage 1 14.3%
    First Technology Federal Credit Union Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%

    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 $36,483
    First Federal Savings and Loan Association 30 South Third St Waterville, OH 43566 Full Service B&M $26,409
    First Federal Savings and Loan Association 3234 North Holland Sylvania Road Toledo, OH 43615 Full Service B&M $16,724
    First Federal Savings and Loan Association 404 Main Street Delta, OH 43515 Full Service B&M $55,889
    First Federal Savings and Loan Association 6600 Providence Street Whitehouse, OH 43571 Full Service B&M $32,770
    First Federal Savings and Loan Association 8165 Airport Highway Holland, OH 43528 Full Service B&M $20,926

    For 2021, First Federal Savings And Loan Association Of Delta had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,573
    Net interest income $4,421
    Total noninterest income $852
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $92
    Trading account gains and fees $0
    Additional Noninterest Income $760
    Pre-tax net operating income $446
    Securities gains (or losses, -) $0
    Income before extraordinary items $394
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $394
    Minority interest net income $0
    Net income $394
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $394

    First Federal Savings And Loan Association Of Delta's gross interest income from loans was $4,573,000.
    First Federal Savings And Loan Association Of Delta's net interest income from loans was $4,421,000.
    First Federal Savings And Loan Association Of Delta's fee based income from loans was $92,000.
    First Federal Savings And Loan Association Of Delta's net income from loans was $394,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $152
    Provision for credit losses $0
    Total noninterest expense $4,827
    Salaries and employee benefits $2,362
    Premises and equipment expense $666
    Additional noninterest expense $1,799
    Applicable income taxes $52
    Net charge-offs $0
    Cash dividends $0

    First Federal Savings And Loan Association Of Delta's interest expense for loans was $152,000.
    First Federal Savings And Loan Association Of Delta's payroll and benefits expense were $2,362,000.
    First Federal Savings And Loan Association Of Delta's property, plant and equipment expenses $666,000.

    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 $204,211
    Deposits held in domestic offices $204,211
    Deposits by Individuals, partnerships, and corporations $202,910
    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 $96,735
    Demand deposits $36,165
    Nontransaction accounts $107,475
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $90,144
    Total time deposits $17,331
    Total time and savings deposits $168,045
    Noninterest-bearing deposits $36,160
    Interest-bearing deposits $168,051
    Retail deposits $203,229
    IRAs and Keogh plan accounts $4,615
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $226,706
    Cash & Balances due from depository institutions $59,563
    Interest-bearing balances $57,704
    Total securities $65,199
    Federal funds sold & reverse repurchase $0
    Net loans and leases $88,677
    Loan and leases loss allowance $436
    Trading account assets $0
    Bank premises and fixed assets $3,709
    Other real estate owned $0
    Goodwill and other intangibles $17
    All other assets $9,541

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $226,706
    Total Liabilities $204,825
    Total deposits $204,211
    Interest-bearing deposits $168,051
    Deposits held in domestic offices $204,211
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $614

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $88,677
    Loan and leases loss allowance $436
    Total loans and leases (domestic) $89,113
    All real estate loans $87,317
    Real estate loans in domestic offices $87,317
    Construction and development loans $3,190
    Residential 1-4 family construction $2,763
    Other construction, all land development and other land $427
    Loans secured by nonfarm nonresidential properties $1,223
    Nonfarm nonresidential secured by owner-occupied properties $1,223
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $82,904
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $30
    Commercial and industrial loans $1,122
    To non-U.S. addressees $0
    Loans to individuals $710
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $465
    Other loans to individuals $237
    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 $88,677,000 of loans outstanding in 2021. $87,317,000 of loans were in real estate loans. $3,190,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $82,904,000 of loans were in 1-4 family mortgage loans. $30,000 of loans were in farm loans. $0 of loans were in credit card loans. $465,000 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 9 $1,222 $135,778
    Nonfarm, nonresidential loans - <$100k 4 $194 $48,500
    Nonfarm, nonresidential loans - $100-250k 2 $242 $121,000
    Nonfarm, nonresidential loans - $250k-1MM 3 $786 $262,000
    Commercial & Industrial, US addressed loans - <$1MM 27 $1,121 $41,519
    Commercial & Industrial, US addressed loans - <$100k 22 $498 $22,636
    Commercial & Industrial, US addressed loans - $100-250k 3 $253 $84,333
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $370 $185,000
    Agriculture operations loans - <$1MM 2 $30 $15,000
    Agriculture operations loans - <$100k 2 $30 $15,000