First Federal Savings Bank Of Champaign-urbana Mortgage Rates, Fees & Info

Champaign, IL

LEI: 254900KX4PZDHAK8I871

Tax ID: 37-0213051

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

Review & Overview

First Federal Savings Bank Of Champaign-urbana is a smaller bank specializing in Home Purchase loans. First Federal Savings Bank Of Champaign-urbana has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Bloomington, and Charleston among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal Savings Bank Of Champaign-urbana has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

107

Origination Dollar Volume (All Markets)

$19,805,000

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
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	101	$17,885,000	$177,079	$0	0.00%
BLOOMINGTON, IL (FHA\|USDA\|VA)	1	$1,345,000	$1,345,000	$0	0.00%
Outside of Metro Areas	4	$450,000	$112,500	$0	0.00%
Charleston-Mattoon, IL (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%

First Federal Savings Bank Of Champaign-urbana's top markets include Champaign, Bloomington, and Charleston among others.

Their top states include:

Illinois (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	107	$19,805,000	$185,093	$0	0.00%

For 2023, First Federal Savings Bank Of Champaign-urbana's most frequently originated type of loan was Conventional, with 107 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	72	$16,120,000	$223,889	$0	0.00%
Other	14	$910,000	$65,000	$0	0.00%
Cash Out Refi	13	$1,495,000	$115,000	$0	0.00%
Refi	8	$1,280,000	$160,000	$0	0.00%

For 2023, First Federal Savings Bank Of Champaign-urbana's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Other, with 14 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	107	$19,805,000	$185,093	$0	0.00%

For 2023, First Federal Savings Bank Of Champaign-urbana's most frequently cited loan duration was Other, with 107 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	42	$5,920,000	$140,952	$0	0.00%
$100,000 or less	31	$1,635,000	$52,742	$0	0.00%
$200k-400k	27	$7,195,000	$266,481	$0	0.00%
$400k-600k	3	$1,575,000	$525,000	$0	0.00%
$600k-1MM	3	$2,135,000	$711,667	$0	0.00%
$1MM+	1	$1,345,000	$1,345,000	$0	0.00%

2023 saw First Federal Savings Bank Of Champaign-urbana place emphasis on $100k-200k loans with 42 originations, totaling $5,920,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	21	$3,445,000	$164,048	$0	0.00%
$50k-75k	16	$1,780,000	$111,250	$0	0.00%
$150k-250k	15	$3,585,000	$239,000	$0	0.00%
$250k+	15	$4,415,000	$294,333	$0	0.00%
$50k or less	8	$350,000	$43,750	$0	0.00%
$75k-100k	8	$1,080,000	$135,000	$0	0.00%

First Federal Savings Bank Of Champaign-urbana lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $50k-75k, with 16 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	107	$19,805,000	$185,093	$0	0.00%

First Federal Savings Bank Of Champaign-urbana lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	69	$12,315,000	$178,478	$0	0.00%
Not applicable	24	$5,150,000	$214,583	$0	0.00%
Black	10	$1,500,000	$150,000	$0	0.00%
Asian	4	$840,000	$210,000	$0	0.00%

Approval Rates

Total approvals of all applications
95.73%

First Federal Savings Bank Of Champaign-urbana 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
95.33%

First Federal Savings Bank Of Champaign-urbana has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	107	$19,805,000	$185,093

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	107	$19,805,000	$185,093