First Federal Savings Bank Of Twin Falls Mortgage Rates, Fees & Info

Twin Falls, ID

LEI: 254900SUM1U8US3D2Z03

Tax ID: 82-0172244

5 stars - Updated: 7/20/24 - out of 5 stars, based on 28 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

First Federal Savings Bank Of Twin Falls is a smaller bank specializing in Home Purchase loans. First Federal Savings Bank Of Twin Falls has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Twin Falls, Boise City, Burley, Hailey, and Mountain Home among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal Savings Bank Of Twin Falls 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. First Federal Savings Bank Of Twin Falls is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 7/20/24
30 Year Conventional Purchase 6.56% 7/20/24
30 Year Conventional Refi 6.54% 7/20/24
30 Year Cash-out Refi 6.68% 7/20/24
30 Year FHA Purchase 7.20% 7/20/24
30 Year FHA Refi 6.27% 7/20/24
30 Year VA Purchase 6.39% 7/20/24
30 Year USDA Purchase 6.65% 7/20/24
15 Year Conventional Purchase 6.76% 7/20/24
15 Year Conventional Refi 6.17% 7/20/24
15 Year Cash-out Refi 6.17% 7/20/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Federal Savings Bank Of Twin Falls Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Federal Savings Bank Of Twin Falls. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

786

Origination Dollar Volume (All Markets)

$170,870,000

Awards

First Federal Savings Bank of Twin Falls 30 Year Conventional Loans silver First Federal Savings Bank of Twin Falls 30 Year Conventional Loans gold First Federal Savings Bank of Twin Falls 30 Year Conventional Loans gold First Federal Savings Bank of Twin Falls 30 Year Conventional Loans bronze
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Relative Rate

First Federal Savings Bank Of Twin Falls's average 30 year fixed mortgage rate was 6.31%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.17%.

Relative Fees (Closing Costs)

First Federal Savings Bank Of Twin Falls's average total fees/closing costs for a 30 year fixed rate mortgage were $7,548.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
TWIN FALLS, ID (FHA|USDA|VA) 417 $77,235,000 $185,216 $4,458 7.59%
BOISE CITY, ID (FHA|USDA|VA) 117 $45,665,000 $390,299 $9,279 7.00%
Burley, ID (FHA|USDA|VA) 188 $31,000,000 $164,894 $3,723 7.70%
Outside of Metro Areas 43 $9,155,000 $212,907 $6,660 7.44%
Hailey, ID (FHA|USDA|VA) 5 $1,775,000 $355,000 $8,215 6.86%
Mountain Home, ID (FHA|USDA|VA) 5 $1,665,000 $333,000 $13,397 5.95%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 7.08%
Ontario, OR-ID (FHA|USDA|VA) 4 $870,000 $217,500 $9,669 7.43%
IDAHO FALLS, ID (FHA|USDA|VA) 2 $770,000 $385,000 $8,691 5.00%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $640,000 $320,000 $6,390 7.13%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $475,000 $475,000 $9,759 5.63%
Outside of Metro Areas 1 $315,000 $315,000 $6,714 6.62%
First Federal Savings Bank Of Twin Falls's top markets include Twin Falls, Boise City, Burley, Hailey, and Mountain Home among others.

Their top states include:
  • Idaho (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Federal Savings Bank of Twin Falls based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PIONEER
    Similarity Rank: 136
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 528
    WESTMARK Credit Union
    Similarity Rank: 880
    Shea Mortgage Inc.
    Similarity Rank: 1026
    D. L. Evans Bank
    Similarity Rank: 2016
    EAGLE HOME MORTGAGE, LLC
    Similarity Rank: 2280
    HORIZON
    Similarity Rank: 2635
    Bank of Idaho
    Similarity Rank: 2860

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 555 $137,425,000 $247,613 $5,220 6.93%
    HELOC 218 $29,750,000 $136,468 n/a 9.00%
    FHA 6 $1,890,000 $315,000 $12,055 6.54%
    VA 5 $1,225,000 $245,000 $6,967 6.50%
    USDA 2 $580,000 $290,000 $10,799 6.06%

    For 2023, First Federal Savings Bank Of Twin Falls's most frequently originated type of loan was Conventional, with 555 originations. Their 2nd most popular type was HELOC, with 218 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 287 $113,115,000 $394,129 $9,285 6.40%
    Other 162 $15,200,000 $93,827 $451 8.36%
    Home Improvement 152 $12,800,000 $84,211 $713 8.12%
    Cash Out Refi 126 $16,860,000 $133,810 $2,334 8.07%
    Refi 59 $12,895,000 $218,559 $4,222 7.57%

    For 2023, First Federal Savings Bank Of Twin Falls's most frequently cited loan purpose was Home Purchase, with 287 originations. The 2nd most popular reason was Other, with 162 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 249 $31,815,000 $127,771 $1,054 8.74%
    30 Year 204 $63,430,000 $310,931 $7,548 6.31%
    10 Year 179 $20,605,000 $115,112 $518 7.50%
    30+ year 90 $48,380,000 $537,556 $12,131 6.27%
    15 Year 40 $4,190,000 $104,750 $1,641 8.58%
    5 Year 16 $1,400,000 $87,500 $307 6.88%
    20 Year 4 $540,000 $135,000 $4,915 7.45%
    1 Year 2 $190,000 $95,000 $0 10.25%
    3 Year 2 $320,000 $160,000 $0 8.63%

    For 2023, First Federal Savings Bank Of Twin Falls's most frequently cited loan duration was Other, with 249 originations. The 2nd most popular length was 30 Year, with 204 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 236 $16,120,000 $68,305
    $5k+ 150 $75,100,000 $500,667
    $3k-4k 58 $13,890,000 $239,483
    $4k-5k 41 $13,755,000 $335,488
    $2k-3k 28 $5,090,000 $181,786
    $1k-2k 22 $3,230,000 $146,818

    First Federal Savings Bank Of Twin Falls's average total fees were $7,548, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 236 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 307 $36,445,000 $118,713
    6-7% 204 $58,860,000 $288,529
    7-8% 124 $25,140,000 $202,742
    5-6% 122 $39,790,000 $326,148
    4-5% 28 $10,080,000 $360,000
    3-4% 1 $555,000 $555,000

    During 2023, First Federal Savings Bank Of Twin Falls's average interest rate for loans was 6.31%, while their most frequently originated rate bucket for loans was Over 8%, with 307 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 319 $15,205,000 $47,665 $496 8.16%
    $200k-400k 183 $53,705,000 $293,470 $7,877 6.83%
    $100k-200k 147 $19,965,000 $135,816 $3,342 7.79%
    $400k-600k 100 $47,930,000 $479,300 $10,495 6.51%
    $600k-1MM 24 $17,200,000 $716,667 $15,143 6.40%
    $1MM+ 13 $16,865,000 $1,297,308 $21,148 6.77%

    2023 saw First Federal Savings Bank Of Twin Falls place emphasis on $100,000 or less loans with 319 originations, totaling $15,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 187 $41,525,000 $222,059 $5,920 7.41%
    $50k-75k 164 $20,630,000 $125,793 $3,827 7.53%
    $75k-100k 137 $22,865,000 $166,898 $4,637 7.45%
    $150k-250k 107 $31,105,000 $290,701 $7,514 7.69%
    $50k or less 88 $6,880,000 $78,182 $2,156 7.46%
    $250k+ 66 $31,670,000 $479,848 $11,813 7.57%

    First Federal Savings Bank Of Twin Falls lent most frequently to those with incomes in the $100k-150k range, with 187 originations. The second most popular income band? $50k-75k, with 164 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 147 $24,145,000 $164,252 $4,796 7.65%
    20-30% 125 $20,605,000 $164,840 $3,785 7.32%
    44% 57 $12,225,000 $214,474 $5,024 7.94%
    42% 46 $8,470,000 $184,130 $4,947 7.86%
    <20% 42 $8,060,000 $191,905 $4,451 7.11%
    43% 42 $7,570,000 $180,238 $5,189 8.27%
    41% 38 $8,140,000 $214,211 $4,329 7.13%
    49% 32 $8,980,000 $280,625 $7,095 7.05%
    39% 32 $5,910,000 $184,688 $5,473 7.61%
    40% 27 $4,525,000 $167,593 $3,627 7.89%
    38% 26 $5,580,000 $214,615 $5,061 7.64%
    48% 26 $9,610,000 $369,615 $8,213 6.53%
    37% 23 $4,915,000 $213,696 $5,012 7.57%
    36% 23 $3,425,000 $148,913 $3,945 7.70%
    45% 20 $7,510,000 $375,500 $9,985 6.75%
    46% 20 $6,520,000 $326,000 $8,420 6.60%
    47% 15 $5,815,000 $387,667 $10,384 7.08%
    50-60% 10 $2,480,000 $248,000 $6,613 7.96%

    First Federal Savings Bank Of Twin Falls lent most frequently to those with DTI ratios of 30-36%, with 147 originations. The next most common DTI ratio? 20-30%, with 125 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 711 $148,345,000 $208,643 $5,353 7.50%
    Not applicable 28 $13,860,000 $495,000 $0 7.49%
    Not provided 33 $5,105,000 $154,697 $3,816 7.44%
    Asian 8 $2,800,000 $350,000 $8,058 6.83%
    Black 2 $390,000 $195,000 $15,318 8.68%
    Native Hawaiian or Islander 2 $210,000 $105,000 $153 7.58%
    American Indian 2 $160,000 $80,000 $1,918 9.22%

    Approval Rates

    Total approvals of all applications
    87.46%

    First Federal Savings Bank Of Twin Falls has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.87%

    First Federal Savings Bank Of Twin Falls has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 786 $170,870,000 $217,392

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    786 $170,870,000 $217,392

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 160 $25,380,000 $158,625 $2,475 8.16%
    40-60% 99 $27,645,000 $279,242 $7,193 7.19%
    60-80% 133 $57,745,000 $434,173 $9,757 6.69%
    80-100% 114 $44,500,000 $390,351 $9,284 6.28%
    Over 100% 1 $265,000 $265,000 $15,196 5.25%
    Under 20% 279 $15,335,000 $54,964 $504 8.10%