First Federal Savings And Loan Association Of Valdosta Mortgage Rates, Fees & Info

Valdosta, GA

LEI: 54930046UUU8KKVCYD66

Tax ID: 58-0471127

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 And Loan Association Of Valdosta is a smaller mortgage company specializing in Home Purchase loans. First Federal Savings And Loan Association Of Valdosta has a high proportion of conventional loans. Their top (well, only) market is Valdosta.

    First Federal Savings And Loan Association Of Valdosta has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    139

    Origination Dollar Volume (All Markets)

    $27,555,000

    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
    VALDOSTA, GA (FHA|USDA|VA) 131 $25,975,000 $198,282 $0 0.00%
    Outside of Metro Areas 8 $1,580,000 $197,500 $0 0.00%
    First Federal Savings And Loan Association Of Valdosta's top markets include and Valdosta among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 139 $27,555,000 $198,237 $0 0.00%

    For 2023, First Federal Savings And Loan Association Of Valdosta's most frequently originated type of loan was Conventional, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 91 $22,375,000 $245,879 $0 0.00%
    Refi 31 $4,215,000 $135,968 $0 0.00%
    Other 13 $855,000 $65,769 $0 0.00%
    Home Improvement 4 $110,000 $27,500 $0 0.00%

    For 2023, First Federal Savings And Loan Association Of Valdosta's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 139 $27,555,000 $198,237 $0 0.00%

    For 2023, First Federal Savings And Loan Association Of Valdosta's most frequently cited loan duration was Other, with 139 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,580,000 $51,600 $0 0.00%
    $200k-400k 39 $12,095,000 $310,128 $0 0.00%
    $100k-200k 37 $5,135,000 $138,784 $0 0.00%
    $400k-600k 7 $3,195,000 $456,429 $0 0.00%
    $600k-1MM 6 $4,550,000 $758,333 $0 0.00%

    2023 saw First Federal Savings And Loan Association Of Valdosta place emphasis on $100,000 or less loans with 50 originations, totaling $2,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 24 $5,900,000 $245,833 $0 0.00%
    $50k-75k 24 $3,490,000 $145,417 $0 0.00%
    $50k or less 24 $1,740,000 $72,500 $0 0.00%
    $150k-250k 21 $5,085,000 $242,143 $0 0.00%
    $75k-100k 18 $3,240,000 $180,000 $0 0.00%
    $250k+ 9 $4,645,000 $516,111 $0 0.00%

    First Federal Savings And Loan Association Of Valdosta lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 139 $27,555,000 $198,237 $0 0.00%

    First Federal Savings And Loan Association Of Valdosta lent most frequently to those with DTI ratios of Exempt%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $17,585,000 $193,242 $0 0.00%
    Black 26 $6,140,000 $236,154 $0 0.00%
    Not applicable 17 $3,245,000 $190,882 $0 0.00%
    Asian 4 $530,000 $132,500 $0 0.00%
    Not provided 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    First Federal Savings And Loan Association Of Valdosta has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.12%

    First Federal Savings And Loan Association Of Valdosta has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 139 $27,555,000 $198,237

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    139 $27,555,000 $198,237