First Ohio Home Finance Mortgage Rates, Fees & Info

WESTERVILLE, OH

LEI: 5493004NMXQUYEFD1Y98

Tax ID: 31-1484057

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Ohio Home Finance is a smaller mortgage company specializing in Home Purchase loans. First Ohio Home Finance has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Columbus, Akron, Cleveland, Canton, and Cambridge among others. First Ohio Home Finance has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

1,403

Origination Dollar Volume (All Markets)

$251,665,000

Relative Rate

First Ohio Home Finance 's average 30 year fixed rate mortgage of loans were 3.37%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.22%.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
COLUMBUS, OH (FHA|USDA|VA) 630 $133,650,000 $212,143 $0 3.31%
AKRON, OH (FHA|USDA|VA) 153 $21,985,000 $143,693 $0 3.20%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 133 $21,325,000 $160,338 $0 3.49%
CANTON-MASSILLON, OH (FHA|USDA|VA) 67 $10,985,000 $163,955 $0 3.24%
Cambridge, OH (FHA|USDA|VA) 76 $9,270,000 $121,974 $0 3.32%
Zanesville, OH (FHA|USDA|VA) 58 $9,080,000 $156,552 $0 3.26%
Outside of Metro Areas 23 $4,045,000 $175,870 $0 3.27%
TOLEDO, OH (FHA|USDA|VA) 29 $3,835,000 $132,241 $0 3.63%
Marietta, OH (FHA|USDA|VA) 24 $3,690,000 $153,750 $0 3.29%
Chillicothe, OH (FHA|USDA|VA) 15 $2,835,000 $189,000 $0 3.32%
SPRINGFIELD, OH (FHA|USDA|VA) 19 $2,675,000 $140,789 $0 3.32%
Ashtabula, OH (FHA|USDA|VA) 13 $2,315,000 $178,077 $0 3.62%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 12 $2,310,000 $192,500 $0 3.40%
DAYTON-KETTERING, OH (FHA|USDA|VA) 14 $2,000,000 $142,857 $0 3.37%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 10 $1,970,000 $197,000 $0 3.11%
Ashland, OH (FHA|USDA|VA) 13 $1,725,000 $132,692 $0 3.14%
Salem, OH (FHA|USDA|VA) 7 $1,565,000 $223,571 $0 3.36%
New Philadelphia-Dover, OH (FHA|USDA|VA) 7 $1,435,000 $205,000 $0 3.03%
WHEELING, WV-OH (FHA|USDA|VA) 12 $1,330,000 $110,833 $0 3.24%
Mount Vernon, OH (FHA|USDA|VA) 8 $1,300,000 $162,500 $0 3.26%
MANSFIELD, OH (FHA|USDA|VA) 10 $1,100,000 $110,000 $0 3.53%
Wooster, OH (FHA|USDA|VA) 4 $700,000 $175,000 $0 3.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $660,000 $330,000 $0 3.00%
Urbana, OH (FHA|USDA|VA) 4 $630,000 $157,500 $0 3.59%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $600,000 $300,000 $0 3.56%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $580,000 $290,000 $0 3.06%
Coshocton, OH (FHA|USDA|VA) 4 $560,000 $140,000 $0 3.44%
LIMA, OH (FHA|USDA|VA) 5 $555,000 $111,000 $0 3.35%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 4 $530,000 $132,500 $0 3.69%
Van Wert, OH (FHA|USDA|VA) 2 $500,000 $250,000 $0 2.94%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $485,000 $485,000 $0 3.25%
PITTSBURGH, PA (FHA|USDA|VA) 5 $475,000 $95,000 $0 3.58%
Marion, OH (FHA|USDA|VA) 4 $410,000 $102,500 $0 3.16%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $390,000 $195,000 $0 3.56%
Athens, OH (FHA|USDA|VA) 1 $355,000 $355,000 $0 2.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $335,000 $111,667 $0 3.58%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 3.38%
Wilmington, OH (FHA|USDA|VA) 2 $320,000 $160,000 $0 3.06%
Kendallville, IN (FHA|USDA|VA) 1 $305,000 $305,000 $0 2.99%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.25%
Bucyrus-Galion, OH (FHA|USDA|VA) 3 $265,000 $88,333 $0 3.37%
MONROE, MI (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.13%
Wapakoneta, OH (FHA|USDA|VA) 2 $230,000 $115,000 $0 2.88%
Defiance, OH (FHA|USDA|VA) 2 $190,000 $95,000 $0 3.38%
Tiffin, OH (FHA|USDA|VA) 2 $190,000 $95,000 $0 3.06%
Celina, OH (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.25%
Greenville, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.88%
Washington Court House, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.75%
ERIE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.50%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.38%
Sandusky, OH (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.88%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.63%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.63%

First Ohio Home Finance 's top markets include Columbus, Akron, Cleveland, Canton, and Cambridge among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,053 $194,125,000 $184,354 $0 3.35%
FHA 265 $43,325,000 $163,491 $0 3.25%
USDA 54 $6,530,000 $120,926 $0 3.17%
VA 31 $7,685,000 $247,903 $0 3.03%

For the 2021 period, First Ohio Home Finance 's most frequently originated loan type of loans were Conventional, with 1,053 originations. Their 2nd most popular type is FHA, with 265 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 960 $167,230,000 $174,198 $0 3.37%
Cash Out Refi 223 $39,205,000 $175,807 $0 3.39%
Refi 220 $45,230,000 $205,591 $0 2.99%

For the 2021, First Ohio Home Finance 's most frequently cited loan purpose of loans were Home Purchase, with 960 originations. The 2nd most popular reason of loans were Cash Out Refi, with 223 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,250 $222,910,000 $178,328 $0 3.37%
15 Year 87 $17,545,000 $201,667 $0 2.74%
20 Year 35 $6,235,000 $178,143 $0 3.15%
Other 26 $4,230,000 $162,692 $0 3.04%
10 Year 5 $745,000 $149,000 $0 2.92%

For the 2021, First Ohio Home Finance 's most frequently cited loan length of loans were 30 Year, with 1,250 originations. The 2nd most popular length of loans were 15 Year, with 87 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 874 $146,660,000 $167,803
2.5-3% 364 $76,530,000 $210,247
4-5% 96 $12,820,000 $133,542
<2.5% 67 $15,265,000 $227,836
5-6% 2 $390,000 $195,000

During 2021, First Ohio Home Finance 's average interest rate of loans were 3.37%, while their most frequently originated rate bucket of loans were 3-4%, with 874 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 670 $96,430,000 $143,925 $0 3.33%
$200k-400k 407 $109,015,000 $267,850 $0 3.14%
$100,000 or less 273 $20,515,000 $75,147 $0 3.58%
$400k-600k 52 $24,800,000 $476,923 $0 3.08%
$600k-1MM 1 $905,000 $905,000 $0 3.13%

2021 saw First Ohio Home Finance place emphasis on $100k-200k loans with 670 originations, totaling $96,430,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 388 $48,570,000 $125,180 $0 3.27%
$50k-75k 344 $60,840,000 $176,860 $0 3.24%
$100k-150k 245 $54,345,000 $221,816 $0 3.36%
$75k-100k 211 $39,465,000 $187,038 $0 3.35%
$150k-250k 165 $36,615,000 $221,909 $0 3.44%
$250k+ 46 $10,840,000 $235,652 $0 3.54%

First Ohio Home Finance lent most frequently to those with incomes in the $50k or less range, with 388 originations. The second most popular income band? $50k-75k, with 344 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 299 $53,935,000 $180,385 $0 3.25%
30-36% 279 $51,085,000 $183,100 $0 3.34%
<20% 91 $15,015,000 $165,000 $0 3.30%
44% 79 $13,675,000 $173,101 $0 3.48%
43% 73 $13,945,000 $191,027 $0 3.39%
39% 64 $10,400,000 $162,500 $0 3.32%
42% 63 $11,065,000 $175,635 $0 3.38%
40% 60 $10,270,000 $171,167 $0 3.37%
50-60% 57 $10,005,000 $175,526 $0 3.14%
37% 52 $8,620,000 $165,769 $0 3.38%
38% 46 $7,390,000 $160,652 $0 3.42%
41% 44 $9,240,000 $210,000 $0 3.33%
36% 42 $7,730,000 $184,048 $0 3.33%
45% 37 $7,035,000 $190,135 $0 3.36%
46% 34 $6,770,000 $199,118 $0 3.21%
48% 26 $4,420,000 $170,000 $0 3.38%
47% 25 $5,225,000 $209,000 $0 3.33%
49% 23 $3,845,000 $167,174 $0 3.22%
>60% 3 $765,000 $255,000 $0 2.88%

First Ohio Home Finance lent most frequently to those with DTI ratios of 20-30%, with 299 originations. The next most common DTI ratio? 30-36%, with 279 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,108 $200,350,000 $180,821 $0 3.29%
Not provided 127 $21,855,000 $172,087 $0 3.38%
Black 93 $16,415,000 $176,505 $0 3.34%
Asian 71 $12,435,000 $175,141 $0 3.50%
Native Hawaiian 3 $465,000 $155,000 $0 3.33%
Korean 1 $145,000 $145,000 $0 3.63%

Approval Rates

Total approvals of all applications
94.57%

First Ohio Home Finance has an average approval rate.

Pick Rate

Approvals leading to origination
75.93%

First Ohio Home Finance has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,403 $251,665,000 $179,376

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,403 $251,665,000 $179,376

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 15 $2,585,000 $172,333 $0 2.76%
40-60% 95 $16,735,000 $176,158 $0 2.98%
60-80% 529 $92,645,000 $175,132 $0 3.43%
80-100% 762 $139,450,000 $183,005 $0 3.29%
Over 100% 1 $205,000 $205,000 $0 2.50%
Under 20% 1 $45,000 $45,000 $0 3.25%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST ALLIANCE HOME MORTGAGE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%