First Federal Bank Of Ohio Mortgage Rates, Fees & Info
Galion, OHLEI: 2549007S3Y4859VJ1444
Tax ID: 34-4239952
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First Federal Bank Of Ohio is a smaller bank specializing in Home Purchase loans. First Federal Bank Of Ohio has a high proportion of conventional loans. Their top markets by origination volume include: Sandusky, Columbus, Mansfield, Bucyrus, and Tiffin among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)First Federal Bank Of Ohio has an 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.
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.
Originations
97Origination Dollar Volume (All Markets)
$12,945,000Top 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 |
|---|---|---|---|---|---|
| Sandusky, OH (FHA|USDA|VA) | 21 | $3,805,000 | $181,190 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 24 | $2,630,000 | $109,583 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 18 | $2,110,000 | $117,222 | $0 | 0.00% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 18 | $1,980,000 | $110,000 | $0 | 0.00% |
| Tiffin, OH (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Marion, OH (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 0.00% |
| Norwalk, OH (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Ashland, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Fremont, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 97 | $12,945,000 | $133,454 | $0 | 0.00% |
For 2024, First Federal Bank Of Ohio's most frequently originated type of loan was Conventional, with 97 originations.
Loan Reason
For 2024, First Federal Bank Of Ohio's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Home Improvement, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 97 | $12,945,000 | $133,454 | $0 | 0.00% |
For 2024, First Federal Bank Of Ohio's most frequently cited loan duration was Other, with 97 originations.
Loan Sizing
2024 saw First Federal Bank Of Ohio place emphasis on $100,000 or less loans with 49 originations, totaling $2,875,000 in origination value.
Applicant Income
First Federal Bank Of Ohio lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $50k or less, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 97 | $12,945,000 | $133,454 | $0 | 0.00% |
First Federal Bank Of Ohio lent most frequently to those with DTI ratios of Exempt%, with 97 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 96 | $12,870,000 | $134,063 | $0 | 0.00% |
| Black | 1 | $75,000 | $75,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications83.97%
First Federal Bank Of Ohio has a below average approval rate.
Pick Rate
Approvals leading to origination86.60%
First Federal Bank Of Ohio has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 97 | $12,945,000 | $133,454 |