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)

    • 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 markets by origination volume include: Toledo, Defiance, and Fremont among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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

    64

    Origination Dollar Volume (All Markets)

    $13,210,000

    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) 54 $11,240,000 $208,148 $2,302 4.76%
    Outside of Metro Areas 8 $1,410,000 $176,250 $2,259 4.92%
    Defiance, OH (FHA|USDA|VA) 1 $375,000 $375,000 $4,156 4.13%
    Fremont, OH (FHA|USDA|VA) 1 $185,000 $185,000 $2,077 2.88%
    First Federal Savings And Loan Association Of Delta's top markets include Toledo, Defiance, 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: 112
    GLASS CITY Federal Credit Union
    Similarity Rank: 270
    Union Savings Bank
    Similarity Rank: 334
    First Federal Savings and Loan Association of Lorain
    Similarity Rank: 378
    SUN Federal Credit Union
    Similarity Rank: 648
    The Genoa Banking Company
    Similarity Rank: 667
    FIRST CHOICE MH LLC
    Similarity Rank: 704
    The Croghan Colonial Bank
    Similarity Rank: 945
    Civista Bank
    Similarity Rank: 1449
    Superior Credit Union, Inc.
    Similarity Rank: 1711

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $13,210,000 $206,406 $2,323 4.74%

    For 2022, First Federal Savings And Loan Association Of Delta's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $8,655,000 $247,286 $2,741 5.10%
    Cash Out Refi 24 $3,650,000 $152,083 $1,804 4.51%
    Refi 5 $905,000 $181,000 $1,964 3.35%

    For 2022, First Federal Savings And Loan Association Of Delta's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 31 $5,305,000 $171,129 $2,176 5.02%
    15 Year 17 $2,265,000 $133,235 $1,942 4.17%
    20 Year 5 $535,000 $107,000 $1,776 5.00%
    30+ year 5 $1,845,000 $369,000 $3,701 4.80%
    Other 3 $2,675,000 $891,667 $5,907 4.00%
    1 Year 2 $550,000 $275,000 $1,499 5.13%
    10 Year 1 $35,000 $35,000 $1,444 5.75%

    For 2022, First Federal Savings And Loan Association Of Delta's most frequently cited loan duration was 30 Year, with 31 originations. The 2nd most popular length was 15 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 64 $13,210,000 $206,406

    First Federal Savings And Loan Association Of Delta's average total fees were $2,176, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 64 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 24 $4,610,000 $192,083
    3-4% 19 $5,095,000 $268,158
    4-5% 9 $1,785,000 $198,333
    6-7% 6 $780,000 $130,000
    2.5-3% 5 $785,000 $157,000
    7-8% 1 $155,000 $155,000

    During 2022, First Federal Savings And Loan Association Of Delta's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 5-6%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 26 $3,540,000 $136,154 $1,990 5.14%
    $100,000 or less 17 $1,185,000 $69,706 $1,761 4.59%
    $200k-400k 17 $4,995,000 $293,824 $2,801 4.35%
    $600k-1MM 2 $1,380,000 $690,000 $3,591 5.31%
    $1MM+ 1 $1,685,000 $1,685,000 $10,637 3.13%
    $400k-600k 1 $425,000 $425,000 $1,174 4.00%

    2022 saw First Federal Savings And Loan Association Of Delta place emphasis on $100k-200k loans with 26 originations, totaling $3,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 17 $2,075,000 $122,059 $1,987 5.32%
    $100k-150k 16 $3,650,000 $228,125 $2,560 4.60%
    $50k-75k 11 $1,215,000 $110,455 $1,879 4.78%
    $150k-250k 10 $2,970,000 $297,000 $2,501 4.56%
    $50k or less 5 $355,000 $71,000 $1,646 3.98%
    $250k+ 3 $2,655,000 $885,000 $5,640 4.25%

    First Federal Savings And Loan Association Of Delta lent most frequently to those with incomes in the $75k-100k range, with 17 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $2,135,000 $125,588 $1,965 4.81%
    <20% 16 $2,100,000 $131,250 $2,052 4.49%
    30-36% 9 $1,885,000 $209,444 $2,388 4.68%
    37% 5 $1,995,000 $399,000 $2,678 5.48%
    36% 4 $2,260,000 $565,000 $4,501 4.59%
    50-60% 3 $715,000 $238,333 $3,060 4.29%
    39% 2 $240,000 $120,000 $2,075 6.25%
    42% 2 $340,000 $170,000 $2,077 4.13%
    40% 1 $375,000 $375,000 $2,841 5.63%
    44% 1 $205,000 $205,000 $1,887 4.00%
    49% 1 $425,000 $425,000 $1,174 4.00%
    38% 1 $245,000 $245,000 $3,150 6.25%

    First Federal Savings And Loan Association Of Delta lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? <20%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $12,850,000 $207,258 $2,311 4.75%
    Asian 1 $205,000 $205,000 $2,669 3.63%
    Black 1 $155,000 $155,000 $2,696 5.25%

    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
    92.19%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 64 $13,210,000 $206,406

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    64 $13,210,000 $206,406

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $610,000 $101,667 $1,767 4.31%
    40-60% 9 $945,000 $105,000 $1,831 4.60%
    60-80% 28 $5,410,000 $193,214 $2,207 4.71%
    80-100% 20 $6,210,000 $310,500 $2,885 5.08%
    Under 20% 1 $35,000 $35,000 $1,509 2.88%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%