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

Twin Falls, ID

LEI: 254900SUM1U8US3D2Z03

Tax ID: 82-0172244

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Phoenix, and Hailey among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Federal Savings Bank Of Twin Falls 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. 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 about average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/3/24
    30 Year Conventional Purchase 6.56% 12/3/24
    30 Year Conventional Refi 6.54% 12/3/24
    30 Year Cash-out Refi 6.68% 12/3/24
    30 Year FHA Purchase 7.20% 12/3/24
    30 Year FHA Refi 6.27% 12/3/24
    30 Year VA Purchase 6.39% 12/3/24
    30 Year USDA Purchase 6.65% 12/3/24
    15 Year Conventional Purchase 6.76% 12/3/24
    15 Year Conventional Refi 6.17% 12/3/24
    15 Year Cash-out Refi 6.17% 12/3/24
    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

    1,238

    Origination Dollar Volume (All Markets)

    $304,190,000

    Awards

    First Federal Savings Bank of Twin Falls 30 Year Conventional Loans bronze First Federal Savings Bank of Twin Falls 30 Year Conventional Loans silver First Federal Savings Bank of Twin Falls 30 Year Conventional Loans bronze First Federal Savings Bank of Twin Falls 30 Year Conventional Loans silver
    Show all (4) awards

    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) 686 $142,670,000 $207,974 $5,125 4.98%
    BOISE CITY, ID (FHA|USDA|VA) 206 $84,970,000 $412,476 $9,578 4.87%
    Burley, ID (FHA|USDA|VA) 257 $48,325,000 $188,035 $4,971 4.98%
    Outside of Metro Areas 63 $13,165,000 $208,968 $4,718 5.03%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $6,290,000 $3,145,000 $0 4.84%
    Hailey, ID (FHA|USDA|VA) 7 $2,985,000 $426,429 $10,528 5.22%
    Mountain Home, ID (FHA|USDA|VA) 6 $1,900,000 $316,667 $8,470 5.54%
    Ontario, OR-ID (FHA|USDA|VA) 2 $1,220,000 $610,000 $12,531 4.06%
    WALLA WALLA, WA (FHA|USDA|VA) 2 $750,000 $375,000 $10,081 5.88%
    Rexburg, ID (FHA|USDA|VA) 2 $620,000 $310,000 $0 4.96%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $405,000 $405,000 $7,580 4.88%
    LOGAN, UT-ID (FHA|USDA|VA) 2 $370,000 $185,000 $5,818 4.52%
    Jackson, WY-ID (FHA|USDA|VA) 1 $365,000 $365,000 $9,264 4.88%
    Blackfoot, ID (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.24%
    First Federal Savings Bank Of Twin Falls's top markets include Twin Falls, Boise City, Burley, Phoenix, and Hailey among others.

    Their top states include:
  • Idaho (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Washington (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: 600
    CAPITAL EDUCATORS FEDERAL CREDIT UNION
    Similarity Rank: 852
    Bank of Idaho
    Similarity Rank: 1210
    Stifel Bank and Trust
    Similarity Rank: 1648
    D. L. Evans Bank
    Similarity Rank: 2112
    First Federal Savings Bank of Twin Falls
    Similarity Rank: 2184
    WESTMARK Credit Union
    Similarity Rank: 2190
    First Republic Bank
    Similarity Rank: 2394
    VAN DYK MORTGAGE CORPORATION
    Similarity Rank: 4005
    HORIZON
    Similarity Rank: 4095

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 841 $243,315,000 $289,316 $5,851 4.82%
    HELOC 376 $54,780,000 $145,691 n/a 5.31%
    FHA 9 $2,485,000 $276,111 $12,106 5.26%
    VA 7 $2,545,000 $363,571 $10,724 4.50%
    USDA 5 $1,065,000 $213,000 $7,879 3.72%

    For 2022, First Federal Savings Bank Of Twin Falls's most frequently originated type of loan was Conventional, with 841 originations. Their 2nd most popular type was HELOC, with 376 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 447 $183,225,000 $409,899 $8,897 4.81%
    Cash Out Refi 257 $44,945,000 $174,883 $3,456 4.65%
    Home Improvement 220 $18,830,000 $85,591 $668 5.39%
    Other 216 $26,880,000 $124,444 $380 5.44%
    Refi 98 $30,310,000 $309,286 $5,818 4.56%

    For 2022, First Federal Savings Bank Of Twin Falls's most frequently cited loan purpose was Home Purchase, with 447 originations. The 2nd most popular reason was Cash Out Refi, with 257 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 398 $60,730,000 $152,588 $1,468 5.28%
    30 Year 388 $122,430,000 $315,541 $6,962 4.71%
    10 Year 191 $21,895,000 $114,634 $471 5.20%
    30+ year 144 $80,800,000 $561,111 $11,640 4.73%
    15 Year 82 $13,350,000 $162,805 $3,442 4.72%
    20 Year 19 $3,505,000 $184,474 $4,779 4.53%
    5 Year 11 $355,000 $32,273 $334 4.60%
    1 Year 5 $1,125,000 $225,000 $0 4.50%

    For 2022, First Federal Savings Bank Of Twin Falls's most frequently cited loan duration was Other, with 398 originations. The 2nd most popular length was 30 Year, with 388 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 258 $29,030,000 $112,519
    $5k+ 229 $129,315,000 $564,694
    $2k-3k 112 $20,970,000 $187,232
    $3k-4k 105 $25,275,000 $240,714
    $4k-5k 57 $18,055,000 $316,754
    $1k-2k 55 $9,065,000 $164,818

    First Federal Savings Bank Of Twin Falls's average total fees were $6,962, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 258 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 383 $111,245,000 $290,457
    3-4% 321 $82,375,000 $256,620
    5-6% 256 $66,010,000 $257,852
    6-7% 125 $20,975,000 $167,800
    7-8% 69 $10,515,000 $152,391
    Over 8% 43 $4,135,000 $96,163
    2.5-3% 21 $4,675,000 $222,619
    <2.5% 19 $3,955,000 $208,158

    During 2022, First Federal Savings Bank Of Twin Falls's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 383 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 402 $20,200,000 $50,249 $775 5.34%
    $200k-400k 317 $89,875,000 $283,517 $6,575 4.80%
    $100k-200k 285 $39,655,000 $139,140 $3,861 4.88%
    $400k-600k 135 $64,285,000 $476,185 $9,489 4.69%
    $600k-1MM 76 $55,790,000 $734,079 $13,688 4.61%
    $1MM+ 23 $34,385,000 $1,495,000 $22,496 4.58%

    2022 saw First Federal Savings Bank Of Twin Falls place emphasis on $100,000 or less loans with 402 originations, totaling $20,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 267 $38,765,000 $145,187 $4,218 4.91%
    $100k-150k 248 $55,770,000 $224,879 $6,095 4.97%
    $75k-100k 192 $37,770,000 $196,719 $5,833 5.01%
    $50k or less 187 $20,065,000 $107,299 $3,376 4.95%
    $150k-250k 169 $62,615,000 $370,503 $8,395 5.11%
    $250k+ 111 $64,445,000 $580,586 $12,385 4.89%

    First Federal Savings Bank Of Twin Falls lent most frequently to those with incomes in the $50k-75k range, with 267 originations. The second most popular income band? $100k-150k, with 248 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 230 $46,510,000 $202,217 $5,142 4.75%
    30-36% 210 $40,980,000 $195,143 $4,774 4.88%
    44% 84 $19,130,000 $227,738 $5,885 5.24%
    <20% 78 $19,400,000 $248,718 $5,041 4.50%
    43% 70 $12,930,000 $184,714 $5,192 4.99%
    40% 63 $17,185,000 $272,778 $6,970 4.94%
    42% 56 $11,790,000 $210,536 $5,205 5.37%
    41% 54 $14,650,000 $271,296 $6,419 5.47%
    38% 52 $13,210,000 $254,038 $6,234 4.97%
    39% 49 $11,985,000 $244,592 $6,444 5.48%
    37% 45 $12,495,000 $277,667 $6,815 4.85%
    36% 42 $10,180,000 $242,381 $6,365 4.94%
    45% 37 $12,325,000 $333,108 $7,531 4.90%
    48% 32 $11,690,000 $365,313 $7,332 4.76%
    46% 31 $12,905,000 $416,290 $9,625 5.03%
    49% 21 $5,515,000 $262,619 $7,145 5.13%
    47% 17 $6,625,000 $389,706 $9,696 4.76%
    50-60% 16 $4,470,000 $279,375 $7,652 5.23%
    >60% 3 $535,000 $178,333 $4,439 6.57%

    First Federal Savings Bank Of Twin Falls lent most frequently to those with DTI ratios of 20-30%, with 230 originations. The next most common DTI ratio? 30-36%, with 210 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,109 $258,085,000 $232,719 $5,812 4.96%
    Not provided 78 $25,160,000 $322,564 $8,241 4.94%
    Not applicable 34 $16,020,000 $471,176 $0 5.19%
    Asian 5 $1,555,000 $311,000 $7,783 5.17%
    Chinese 1 $1,035,000 $1,035,000 $18,184 3.88%
    Asian Indian 1 $985,000 $985,000 $0 3.50%
    American Indian 8 $900,000 $112,500 $5,048 5.44%
    Vietnamese 1 $345,000 $345,000 $0 3.74%
    Black 1 $105,000 $105,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    90.01%

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

    Pick Rate

    Approvals leading to origination
    62.12%

    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
    0.0 1 $55,000 $55,000
    NA 1,237 $304,135,000 $245,865

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,238 $304,190,000 $245,711

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 242 $36,660,000 $151,488 $2,870 5.07%
    40-60% 197 $54,315,000 $275,711 $6,236 4.55%
    60-80% 276 $112,500,000 $407,609 $8,078 4.78%
    80-100% 183 $78,085,000 $426,694 $9,042 4.82%
    Over 100% 2 $1,180,000 $590,000 $24,070 4.50%
    Under 20% 336 $20,670,000 $61,518 $542 5.38%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%