First Federal Bank Of Ohio Mortgage Rates, Fees & Info
Galion, OHLEI: 2549007S3Y4859VJ1444
Tax ID: 34-4239952
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Federal Bank Of Ohio is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First Federal Bank Of Ohio has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Mansfield, Sandusky, Bucyrus, and Tiffin among others. We have data for 14 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 an average pick rate when compared to similar lenders.
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Originations
171Origination Dollar Volume (All Markets)
$20,085,000Top 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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 36 | $6,370,000 | $176,944 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 51 | $5,565,000 | $109,118 | $0 | 0.00% |
| Sandusky, OH (FHA|USDA|VA) | 17 | $1,975,000 | $116,176 | $0 | 0.00% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 24 | $1,810,000 | $75,417 | $0 | 0.00% |
| Tiffin, OH (FHA|USDA|VA) | 16 | $1,680,000 | $105,000 | $0 | 0.00% |
| Norwalk, OH (FHA|USDA|VA) | 8 | $630,000 | $78,750 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $0 | 0.00% |
| Fremont, OH (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 0.00% |
| Marion, OH (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $0 | 0.00% |
| Defiance, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $225,000 | $75,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Wooster, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 171 | $20,085,000 | $117,456 | $0 | 0.00% |
For 2022, First Federal Bank Of Ohio's most frequently originated type of loan was Conventional, with 171 originations.
Loan Reason
For 2022, First Federal Bank Of Ohio's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 171 | $20,085,000 | $117,456 | $0 | 0.00% |
For 2022, First Federal Bank Of Ohio's most frequently cited loan duration was Other, with 171 originations.
Loan Sizing
2022 saw First Federal Bank Of Ohio place emphasis on $100,000 or less loans with 80 originations, totaling $4,250,000 in origination value.
Applicant Income
First Federal Bank Of Ohio lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 47 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 171 | $20,085,000 | $117,456 | $0 | 0.00% |
First Federal Bank Of Ohio lent most frequently to those with DTI ratios of Exempt%, with 171 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.22%
First Federal Bank Of Ohio has an average approval rate.
Pick Rate
Approvals leading to origination93.57%
First Federal Bank Of Ohio has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 171 | $20,085,000 | $117,456 |
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% |