First Ohio Home Finance Mortgage Rates, Fees & Info
WESTERVILLE, OHLEI: 5493004NMXQUYEFD1Y98
Tax ID: 31-1484057
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Mortgage Data
Review & 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 by origination volume include: Columbus, Akron, Cleveland, Cambridge, and Zanesville among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)First Ohio Home Finance has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.33% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 8.24% | 11/17/24 |
| 30 Year FHA Purchase | 8.16% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
First Ohio Home Finance Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
666Origination Dollar Volume (All Markets)
$122,860,000Relative Rate
First Ohio Home Finance's average 30 year fixed mortgage rate was
7.05%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.57%.
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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 177 | $43,245,000 | $244,322 | $0 | 6.99% |
| AKRON, OH (FHA|USDA|VA) | 90 | $15,780,000 | $175,333 | $0 | 7.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 106 | $15,030,000 | $141,792 | $0 | 7.01% |
| Cambridge, OH (FHA|USDA|VA) | 61 | $9,215,000 | $151,066 | $0 | 6.99% |
| Zanesville, OH (FHA|USDA|VA) | 26 | $4,460,000 | $171,538 | $0 | 7.44% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 21 | $3,625,000 | $172,619 | $0 | 7.14% |
| TOLEDO, OH (FHA|USDA|VA) | 37 | $3,465,000 | $93,649 | $0 | 7.23% |
| Outside of Metro Areas | 19 | $3,145,000 | $165,526 | $0 | 7.10% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $2,380,000 | $1,190,000 | $0 | 7.13% |
| MANSFIELD, OH (FHA|USDA|VA) | 13 | $2,295,000 | $176,538 | $0 | 7.05% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 12 | $1,750,000 | $145,833 | $0 | 7.16% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $0 | 7.35% |
| Marietta, OH (FHA|USDA|VA) | 8 | $1,570,000 | $196,250 | $0 | 7.06% |
| Marion, OH (FHA|USDA|VA) | 10 | $1,560,000 | $156,000 | $0 | 6.83% |
| Wooster, OH (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $0 | 6.72% |
| WHEELING, WV-OH (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $0 | 7.53% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $0 | 8.13% |
| Ashtabula, OH (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $0 | 7.75% |
| Coshocton, OH (FHA|USDA|VA) | 6 | $750,000 | $125,000 | $0 | 6.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 6.13% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 7 | $725,000 | $103,571 | $0 | 7.14% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 6.63% |
| Ashland, OH (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 6.47% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 6.91% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $0 | 6.63% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 7.17% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 5.63% |
| Chillicothe, OH (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 6.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 7.88% |
| Defiance, OH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 6.81% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 7.13% |
| Celina, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 7.25% |
| Tiffin, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 7.38% |
| Mount Vernon, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 6.88% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 6.87% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 7.87% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 7.56% |
| Washington Court House, OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 7.06% |
| Fremont, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.63% |
| LIMA, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.38% |
| Findlay, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.63% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.99% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.63% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.88% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 6.81% |
| Greenville, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.75% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.63% |
| Peru, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against FIRST OHIO HOME FINANCE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, First Ohio Home Finance's most frequently originated type of loan was Conventional, with 469 originations. Their 2nd most popular type was FHA, with 154 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 594 | $113,030,000 | $190,286 | $0 | 7.04% |
| Cash Out Refi | 61 | $8,185,000 | $134,180 | $0 | 7.13% |
| Refi | 11 | $1,645,000 | $149,545 | $0 | 6.88% |
For 2023, First Ohio Home Finance's most frequently cited loan purpose was Home Purchase, with 594 originations. The 2nd most popular reason was Cash Out Refi, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 659 | $119,095,000 | $180,721 | $0 | 7.05% |
| Other | 4 | $3,050,000 | $762,500 | $0 | 6.81% |
| 20 Year | 3 | $715,000 | $238,333 | $0 | 6.75% |
For 2023, First Ohio Home Finance's most frequently cited loan duration was 30 Year, with 659 originations. The 2nd most popular length was Other, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 295 | $57,725,000 | $195,678 |
| 7-8% | 289 | $51,155,000 | $177,007 |
| 5-6% | 42 | $7,290,000 | $173,571 |
| Over 8% | 40 | $6,690,000 | $167,250 |
During 2023, First Ohio Home Finance's average interest rate for loans was 7.05%, while their most frequently originated rate bucket for loans was 6-7%, with 295 originations.
Loan Sizing
2023 saw First Ohio Home Finance place emphasis on $100k-200k loans with 321 originations, totaling $47,075,000 in origination value.
Applicant Income
First Ohio Home Finance lent most frequently to those with incomes in the $50k-75k range, with 180 originations. The second most popular income band? $100k-150k, with 121 originations.
Applicant Debt to Income Ratio
First Ohio Home Finance lent most frequently to those with DTI ratios of 20-30%, with 94 originations. The next most common DTI ratio? 30-36%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.22%
First Ohio Home Finance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.07%
First Ohio Home Finance has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 666 | $122,860,000 | $184,474 |