First Federal Savings And Loan Association Of Bath Mortgage Rates, Fees & Info
Bath, MELEI: 2549002U96ZPEAFKGZ11
Tax ID: 01-0026062
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
149Origination Dollar Volume (All Markets)
$31,945,000Top 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 | 71 | $15,155,000 | $213,451 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 67 | $14,985,000 | $223,657 | $0 | 0.00% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $0 | 0.00% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 0.00% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 149 | $31,945,000 | $214,396 | $0 | 0.00% |
For 2022, First Federal Savings And Loan Association Of Bath's most frequently originated type of loan was Conventional, with 149 originations.
Loan Reason
For 2022, First Federal Savings And Loan Association Of Bath's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 62 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 149 | $31,945,000 | $214,396 | $0 | 0.00% |
For 2022, First Federal Savings And Loan Association Of Bath's most frequently cited loan duration was Other, with 149 originations.
Loan Sizing
2022 saw First Federal Savings And Loan Association Of Bath place emphasis on $100k-200k loans with 46 originations, totaling $6,970,000 in origination value.
Applicant Income
First Federal Savings And Loan Association Of Bath 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 |
|---|---|---|---|---|---|
| Exempt% | 149 | $31,945,000 | $214,396 | $0 | 0.00% |
First Federal Savings And Loan Association Of Bath lent most frequently to those with DTI ratios of Exempt%, with 149 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.71%
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 origination85.23%
First Federal Savings And Loan Association Of Bath has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 149 | $31,945,000 | $214,396 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |