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 Danville 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

155

Origination Dollar Volume (All Markets)

$32,285,000

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)	149	$30,875,000	$207,215	$0	0.00%
BLOOMINGTON, IL (FHA\|USDA\|VA)	1	$645,000	$645,000	$0	0.00%
DANVILLE, IL (FHA\|USDA\|VA)	3	$395,000	$131,667	$0	0.00%
Outside of Metro Areas	2	$370,000	$185,000	$0	0.00%

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

Their top states include:

Illinois (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	155	$32,285,000	$208,290	$0	0.00%

For 2022, First Federal Savings Bank Of Champaign-urbana's most frequently originated type of loan was Conventional, with 155 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	96	$20,920,000	$217,917	$0	0.00%
Cash Out Refi	25	$5,835,000	$233,400	$0	0.00%
Refi	23	$4,775,000	$207,609	$0	0.00%
Other	6	$360,000	$60,000	$0	0.00%
Home Improvement	5	$395,000	$79,000	$0	0.00%

For 2022, First Federal Savings Bank Of Champaign-urbana's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	155	$32,285,000	$208,290	$0	0.00%

For 2022, First Federal Savings Bank Of Champaign-urbana's most frequently cited loan duration was Other, with 155 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	60	$8,410,000	$140,167	$0	0.00%
$100,000 or less	47	$3,025,000	$64,362	$0	0.00%
$200k-400k	29	$7,975,000	$275,000	$0	0.00%
$400k-600k	10	$4,900,000	$490,000	$0	0.00%
$600k-1MM	7	$4,775,000	$682,143	$0	0.00%
$1MM+	2	$3,200,000	$1,600,000	$0	0.00%

2022 saw First Federal Savings Bank Of Champaign-urbana place emphasis on $100k-200k loans with 60 originations, totaling $8,410,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	31	$4,725,000	$152,419	$0	0.00%
$50k or less	22	$2,320,000	$105,455	$0	0.00%
$75k-100k	18	$2,510,000	$139,444	$0	0.00%
$250k+	17	$6,805,000	$400,294	$0	0.00%
$150k-250k	16	$5,060,000	$316,250	$0	0.00%
$50k-75k	15	$1,815,000	$121,000	$0	0.00%

First Federal Savings Bank Of Champaign-urbana lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k or less, with 22 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	155	$32,285,000	$208,290	$0	0.00%

First Federal Savings Bank Of Champaign-urbana lent most frequently to those with DTI ratios of Exempt%, with 155 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	106	$19,990,000	$188,585	$0	0.00%
Not applicable	35	$8,935,000	$255,286	$0	0.00%
Black	13	$2,935,000	$225,769	$0	0.00%
Asian	1	$425,000	$425,000	$0	0.00%

Approval Rates

Total approvals of all applications
97.52%

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
98.71%

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	155	$32,285,000	$208,290

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	155	$32,285,000	$208,290

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%