Monroe Federal Savings And Loan Association Mortgage Rates, Fees & Info
Tipp City, OHLEI: 254900P3FG3HDU6NKK74
Tax ID: 31-0381740
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Monroe Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase and Refi loans. Monroe Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Greenville, Cincinnati, Springfield, and Lima among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Monroe Federal Savings And Loan Association has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
36Origination Dollar Volume (All Markets)
$8,040,000Top 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 |
|---|---|---|---|---|---|
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 25 | $5,385,000 | $215,400 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,395,000 | $465,000 | $0 | 0.00% |
| Greenville, OH (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 0.00% |
| LIMA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 36 | $8,040,000 | $223,333 | $0 | 0.00% |
For 2024, Monroe Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 36 originations.
Loan Reason
For 2024, Monroe Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 36 | $8,040,000 | $223,333 | $0 | 0.00% |
For 2024, Monroe Federal Savings And Loan Association's most frequently cited loan duration was Other, with 36 originations.
Loan Sizing
2024 saw Monroe Federal Savings And Loan Association place emphasis on $100,000 or less loans with 11 originations, totaling $765,000 in origination value.
Applicant Income
Monroe Federal Savings And Loan Association lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $250k+, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 36 | $8,040,000 | $223,333 | $0 | 0.00% |
Monroe Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 36 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.83%
Monroe Federal Savings And Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination75.00%
Monroe Federal Savings And Loan Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 36 | $8,040,000 | $223,333 |