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

Valdosta, GA

LEI: 54930046UUU8KKVCYD66

Tax ID: 58-0471127

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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 two markets are Valdosta and Thomasville .

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

161

Origination Dollar Volume (All Markets)

$33,775,000

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)	154	$31,510,000	$204,610	$0	0.00%
Outside of Metro Areas	6	$2,030,000	$338,333	$0	0.00%
Thomasville, GA (FHA\|USDA\|VA)	1	$235,000	$235,000	$0	0.00%

First Federal Savings And Loan Association Of Valdosta's top markets include Valdosta and Thomasville among others.

Their top states include:

Georgia (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	161	$33,775,000	$209,783	$0	0.00%

For 2024, First Federal Savings And Loan Association Of Valdosta's most frequently originated type of loan was Conventional, with 161 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	106	$25,820,000	$243,585	$0	0.00%
Refi	34	$6,480,000	$190,588	$0	0.00%
Other	15	$1,275,000	$85,000	$0	0.00%
Home Improvement	6	$200,000	$33,333	$0	0.00%

For 2024, First Federal Savings And Loan Association Of Valdosta's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 34 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	161	$33,775,000	$209,783	$0	0.00%

For 2024, First Federal Savings And Loan Association Of Valdosta's most frequently cited loan duration was Other, with 161 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	49	$13,465,000	$274,796	$0	0.00%
$100,000 or less	47	$2,285,000	$48,617	$0	0.00%
$100k-200k	47	$7,025,000	$149,468	$0	0.00%
$400k-600k	11	$4,975,000	$452,273	$0	0.00%
$600k-1MM	6	$4,980,000	$830,000	$0	0.00%
$1MM+	1	$1,045,000	$1,045,000	$0	0.00%

2024 saw First Federal Savings And Loan Association Of Valdosta place emphasis on $200k-400k loans with 49 originations, totaling $13,465,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	41	$8,275,000	$201,829	$0	0.00%
$150k-250k	35	$10,195,000	$291,286	$0	0.00%
$75k-100k	27	$4,865,000	$180,185	$0	0.00%
$50k-75k	19	$2,315,000	$121,842	$0	0.00%
$50k or less	18	$1,500,000	$83,333	$0	0.00%
$250k+	10	$3,990,000	$399,000	$0	0.00%

First Federal Savings And Loan Association Of Valdosta lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 35 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	161	$33,775,000	$209,783	$0	0.00%

First Federal Savings And Loan Association Of Valdosta lent most frequently to those with DTI ratios of Exempt%, with 161 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	109	$24,395,000	$223,807	$0	0.00%
Black	34	$5,890,000	$173,235	$0	0.00%
Not applicable	9	$2,155,000	$239,444	$0	0.00%
Asian	6	$850,000	$141,667	$0	0.00%
American Indian	1	$225,000	$225,000	$0	0.00%
Vietnamese	1	$195,000	$195,000	$0	0.00%
Not provided	1	$65,000	$65,000	$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
99.38%

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	161	$33,775,000	$209,783

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	161	$33,775,000	$209,783