First Federal Mortgage Rates, Fees & Info
McMinnville, ORLEI: 254900P1I9VHKMF8R991
Tax ID: 93-0166953
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First Federal is a smaller mortgage company specializing in Home Purchase loans. First Federal has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Salem, Albany, Newport, and Corvallis among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)First Federal 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
78Origination Dollar Volume (All Markets)
$29,810,000Top 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 |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 61 | $21,895,000 | $358,934 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 11 | $5,165,000 | $469,545 | $0 | 0.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $665,000 | $221,667 | $0 | 0.00% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Federal based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 294
Similarity Rank: 552
Similarity Rank: 558
Similarity Rank: 648
Similarity Rank: 777
Similarity Rank: 816
Similarity Rank: 992
Similarity Rank: 1100
Similarity Rank: 1178
Similarity Rank: 1311
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 78 | $29,810,000 | $382,179 | $0 | 0.00% |
For 2024, First Federal's most frequently originated type of loan was Conventional, with 78 originations.
Loan Reason
For 2024, First Federal's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Home Improvement, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 78 | $29,810,000 | $382,179 | $0 | 0.00% |
For 2024, First Federal's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2024 saw First Federal place emphasis on $100,000 or less loans with 25 originations, totaling $1,525,000 in origination value.
Applicant Income
First Federal lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $29,810,000 | $382,179 | $0 | 0.00% |
First Federal lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.38%
First Federal has a below average approval rate.
Pick Rate
Approvals leading to origination70.51%
First Federal has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 78 | $29,810,000 | $382,179 |