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

Champaign, IL

LEI: 254900KX4PZDHAK8I871

Tax ID: 37-0213051

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Mortgage 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