Monroe Federal Savings And Loan Association Mortgage Rates, Fees & Info
Tipp City, OHLEI: 254900P3FG3HDU6NKK74
Tax ID: 31-0381740
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Mortgage Data
Review & Overview
Monroe Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Monroe Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Cincinnati, Toledo, Sidney, and Urbana among others. We have data for 10 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
81Origination Dollar Volume (All Markets)
$23,175,000Top 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) | 66 | $19,320,000 | $292,727 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $670,000 | $335,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Sidney, OH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Urbana, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Celina, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Greenville, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 81 | $23,175,000 | $286,111 | $0 | 0.00% |
For 2022, Monroe Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 61 | $18,925,000 | $310,246 | $0 | 0.00% |
| Refi | 20 | $4,250,000 | $212,500 | $0 | 0.00% |
For 2022, Monroe Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 81 | $23,175,000 | $286,111 | $0 | 0.00% |
For 2022, Monroe Federal Savings And Loan Association's most frequently cited loan duration was Other, with 81 originations.
Loan Sizing
2022 saw Monroe Federal Savings And Loan Association place emphasis on $100k-200k loans with 29 originations, totaling $4,225,000 in origination value.
Applicant Income
Monroe Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 18 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% | 81 | $23,175,000 | $286,111 | $0 | 0.00% |
Monroe Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 81 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.85%
Monroe Federal Savings And Loan Association has an average approval rate.
Pick Rate
Approvals leading to origination87.65%
Monroe Federal Savings And Loan Association has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 81 | $23,175,000 | $286,111 |