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

Review & Overview

First Federal Savings And Loan Association Of Valdosta is a smaller mortgage company specializing in Home Purchase and Refi 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

221

Origination Dollar Volume (All Markets)

$43,595,000

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)	208	$41,500,000	$199,519	$0	0.00%
Outside of Metro Areas	13	$2,095,000	$161,154	$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	221	$43,595,000	$197,262	$0	0.00%

For 2022, First Federal Savings And Loan Association Of Valdosta's most frequently originated type of loan was Conventional, with 221 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	137	$27,755,000	$202,591	$0	0.00%
Refi	73	$14,605,000	$200,068	$0	0.00%
Other	6	$910,000	$151,667	$0	0.00%
Home Improvement	5	$325,000	$65,000	$0	0.00%

For 2022, First Federal Savings And Loan Association Of Valdosta's most frequently cited loan purpose was Home Purchase, with 137 originations. The 2nd most popular reason was Refi, with 73 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	221	$43,595,000	$197,262	$0	0.00%

For 2022, First Federal Savings And Loan Association Of Valdosta's most frequently cited loan duration was Other, with 221 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	74	$11,360,000	$153,514	$0	0.00%
$100,000 or less	66	$3,860,000	$58,485	$0	0.00%
$200k-400k	63	$18,205,000	$288,968	$0	0.00%
$400k-600k	13	$6,095,000	$468,846	$0	0.00%
$600k-1MM	4	$3,020,000	$755,000	$0	0.00%
$1MM+	1	$1,055,000	$1,055,000	$0	0.00%

2022 saw First Federal Savings And Loan Association Of Valdosta place emphasis on $100k-200k loans with 74 originations, totaling $11,360,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	47	$5,215,000	$110,957	$0	0.00%
$100k-150k	42	$9,470,000	$225,476	$0	0.00%
$75k-100k	33	$5,835,000	$176,818	$0	0.00%
$50k-75k	32	$5,060,000	$158,125	$0	0.00%
$150k-250k	26	$7,690,000	$295,769	$0	0.00%
$250k+	8	$4,560,000	$570,000	$0	0.00%

First Federal Savings And Loan Association Of Valdosta lent most frequently to those with incomes in the $50k or less range, with 47 originations. The second most popular income band? $100k-150k, with 42 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	221	$43,595,000	$197,262	$0	0.00%

First Federal Savings And Loan Association Of Valdosta lent most frequently to those with DTI ratios of Exempt%, with 221 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	153	$31,515,000	$205,980	$0	0.00%
Black	37	$7,345,000	$198,514	$0	0.00%
Asian	16	$2,870,000	$179,375	$0	0.00%
Not applicable	14	$1,700,000	$121,429	$0	0.00%
Vietnamese	1	$165,000	$165,000	$0	0.00%

Approval Rates

Total approvals of all applications
99.56%

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
96.83%

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	221	$43,595,000	$197,262

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	221	$43,595,000	$197,262

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
FIRST GUARANTY MORTGAGE CORP	Conventional home mortgage	Struggling to pay mortgage	1	100.0%