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

Bath, ME

LEI: 2549002U96ZPEAFKGZ11

Tax ID: 01-0026062

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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, Lewiston, and Bangor 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.

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Originations

Origination Dollar Volume (All Markets)

$23,140,000

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
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	50	$13,930,000	$278,600	$0	0.00%
Outside of Metro Areas	35	$8,305,000	$237,286	$0	0.00%
Augusta-Waterville, ME (FHA\|USDA\|VA)	4	$720,000	$180,000	$0	0.00%
LEWISTON-AUBURN, ME (FHA\|USDA\|VA)	2	$120,000	$60,000	$0	0.00%
BANGOR, ME (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	0.00%

First Federal Savings And Loan Association Of Bath's top markets include Portland, Augusta, Lewiston, and Bangor among others.

Their top states include:

Maine (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	92	$23,140,000	$251,522	$0	0.00%

For 2024, First Federal Savings And Loan Association Of Bath's most frequently originated type of loan was Conventional, with 92 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	52	$15,880,000	$305,385	$0	0.00%
Refi	27	$5,105,000	$189,074	$0	0.00%
Home Improvement	9	$1,545,000	$171,667	$0	0.00%
Other	4	$610,000	$152,500	$0	0.00%

For 2024, First Federal Savings And Loan Association Of Bath's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 27 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	92	$23,140,000	$251,522	$0	0.00%

For 2024, First Federal Savings And Loan Association Of Bath's most frequently cited loan duration was Other, with 92 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	26	$3,710,000	$142,692	$0	0.00%
$200k-400k	25	$6,845,000	$273,800	$0	0.00%
$100,000 or less	21	$1,145,000	$54,524	$0	0.00%
$400k-600k	13	$5,885,000	$452,692	$0	0.00%
$600k-1MM	6	$3,960,000	$660,000	$0	0.00%
$1MM+	1	$1,595,000	$1,595,000	$0	0.00%

2024 saw First Federal Savings And Loan Association Of Bath place emphasis on $100k-200k loans with 26 originations, totaling $3,710,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	21	$6,895,000	$328,333	$0	0.00%
$75k-100k	17	$3,255,000	$191,471	$0	0.00%
$100k-150k	16	$3,300,000	$206,250	$0	0.00%
$50k-75k	15	$1,945,000	$129,667	$0	0.00%
$50k or less	11	$1,145,000	$104,091	$0	0.00%
$250k+	10	$5,740,000	$574,000	$0	0.00%

First Federal Savings And Loan Association Of Bath lent most frequently to those with incomes in the $150k-250k range, with 21 originations. The second most popular income band? $75k-100k, with 17 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	92	$23,140,000	$251,522	$0	0.00%

First Federal Savings And Loan Association Of Bath lent most frequently to those with DTI ratios of Exempt%, with 92 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	88	$21,500,000	$244,318	$0	0.00%
Not applicable	2	$860,000	$430,000	$0	0.00%
Black	1	$425,000	$425,000	$0	0.00%
Not provided	1	$355,000	$355,000	$0	0.00%

Approval Rates

Total approvals of all applications
94.50%

First Federal Savings And Loan Association Of Bath has an average approval rate.

Pick Rate

Approvals leading to origination
88.04%

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

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	92	$23,140,000	$251,522

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	92	$23,140,000	$251,522