First Ohio Home Finance Mortgage Rates, Fees & Info
WESTERVILLE, OHLEI: 5493004NMXQUYEFD1Y98
Tax ID: 31-1484057
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,403Origination Dollar Volume (All Markets)
$251,665,000Relative 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 applications94.57%
First Ohio Home Finance has an average approval rate.
Pick Rate
Approvals leading to origination75.93%
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% |
