First Federal Savings Bank Of Twin Falls Mortgage Rates, Fees & Info
Twin Falls, IDLEI: 254900SUM1U8US3D2Z03
Tax ID: 82-0172244
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/20/24 |
| 30 Year Conventional Purchase | 6.56% | 4/20/24 |
| 30 Year Conventional Refi | 6.54% | 4/20/24 |
| 30 Year Cash-out Refi | 6.68% | 4/20/24 |
| 30 Year FHA Purchase | 7.20% | 4/20/24 |
| 30 Year FHA Refi | 6.27% | 4/20/24 |
| 30 Year VA Purchase | 6.39% | 4/20/24 |
| 30 Year USDA Purchase | 6.65% | 4/20/24 |
| 15 Year Conventional Purchase | 6.76% | 4/20/24 |
| 15 Year Conventional Refi | 6.17% | 4/20/24 |
| 15 Year Cash-out Refi | 6.17% | 4/20/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
786Origination Dollar Volume (All Markets)
$170,870,000Awards
First Federal Savings Bank of Twin Falls - 2023
First Federal Savings Bank of Twin Falls is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications87.46%
First Federal Savings Bank Of Twin Falls has an average approval rate.
Pick Rate
Approvals leading to origination63.87%
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 |