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

Bath, ME

LEI: 2549002U96ZPEAFKGZ11

Tax ID: 01-0026062

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 Bath is a smaller mortgage company specializing in Home Purchase and Refi loans. First Federal Savings And Loan Association Of Bath has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Augusta, Bangor, and Lewiston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Federal Savings And Loan Association Of Bath 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.

    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.

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    Originations

    111

    Origination Dollar Volume (All Markets)

    $23,295,000

    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
    Outside of Metro Areas 52 $10,840,000 $208,462 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 49 $10,605,000 $216,429 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 6 $1,060,000 $176,667 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 3 $615,000 $205,000 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    First Federal Savings And Loan Association Of Bath's top markets include Portland, Augusta, Bangor, and Lewiston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 111 $23,295,000 $209,865 $0 0.00%

    For 2023, First Federal Savings And Loan Association Of Bath's most frequently originated type of loan was Conventional, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $15,970,000 $249,531 $0 0.00%
    Refi 33 $5,905,000 $178,939 $0 0.00%
    Home Improvement 12 $1,350,000 $112,500 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    For 2023, First Federal Savings And Loan Association Of Bath's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 111 $23,295,000 $209,865 $0 0.00%

    For 2023, First Federal Savings And Loan Association Of Bath's most frequently cited loan duration was Other, with 111 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 38 $5,560,000 $146,316 $0 0.00%
    $200k-400k 36 $9,930,000 $275,833 $0 0.00%
    $100,000 or less 25 $1,405,000 $56,200 $0 0.00%
    $400k-600k 9 $4,195,000 $466,111 $0 0.00%
    $600k-1MM 3 $2,205,000 $735,000 $0 0.00%

    2023 saw First Federal Savings And Loan Association Of Bath place emphasis on $100k-200k loans with 38 originations, totaling $5,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $6,285,000 $202,742 $0 0.00%
    $50k-75k 25 $4,005,000 $160,200 $0 0.00%
    $75k-100k 16 $2,810,000 $175,625 $0 0.00%
    $150k-250k 14 $4,970,000 $355,000 $0 0.00%
    $50k or less 13 $1,285,000 $98,846 $0 0.00%
    $250k+ 8 $3,140,000 $392,500 $0 0.00%

    First Federal Savings And Loan Association Of Bath lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 111 $23,295,000 $209,865 $0 0.00%

    First Federal Savings And Loan Association Of Bath lent most frequently to those with DTI ratios of Exempt%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 106 $22,340,000 $210,755 $0 0.00%
    Not applicable 4 $800,000 $200,000 $0 0.00%
    Black 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.74%

    First Federal Savings And Loan Association Of Bath 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
    82.88%

    First Federal Savings And Loan Association Of Bath has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 111 $23,295,000 $209,865

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    111 $23,295,000 $209,865