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 a a high proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Columbus, Cleveland, Akron, Denver, and Canton among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)First Ohio Home Finance has an 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 about average 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% | 11/22/24 |
| 30 Year Conventional Refi | 6.27% | 11/22/24 |
| 30 Year Cash-out Refi | 8.24% | 11/22/24 |
| 30 Year FHA Purchase | 8.16% | 11/22/24 |
| 30 Year FHA Refi | 6.27% | 11/22/24 |
| 30 Year VA Purchase | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.68% | 11/22/24 |
| 15 Year Conventional Refi | 5.68% | 11/22/24 |
| 15 Year Cash-out Refi | 5.68% | 11/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
693Origination Dollar Volume (All Markets)
$116,695,000Top 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) | 322 | $60,360,000 | $187,453 | $0 | 4.91% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 87 | $12,415,000 | $142,701 | $0 | 5.16% |
| AKRON, OH (FHA|USDA|VA) | 82 | $10,840,000 | $132,195 | $0 | 4.84% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 15 | $5,235,000 | $349,000 | $0 | 4.80% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 27 | $3,775,000 | $139,815 | $0 | 4.99% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 12 | $2,110,000 | $175,833 | $0 | 5.11% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 12 | $1,480,000 | $123,333 | $0 | 4.95% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 13 | $1,435,000 | $110,385 | $0 | 5.35% |
| Urbana, OH (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $0 | 5.10% |
| TOLEDO, OH (FHA|USDA|VA) | 11 | $1,245,000 | $113,182 | $0 | 5.03% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 11 | $1,125,000 | $102,273 | $0 | 4.84% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $0 | 4.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $0 | 4.46% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $0 | 4.71% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $0 | 5.03% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 4.67% |
| MANSFIELD, OH (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $0 | 4.70% |
| Outside of Metro Areas | 6 | $730,000 | $121,667 | $0 | 4.90% |
| Ashtabula, OH (FHA|USDA|VA) | 8 | $700,000 | $87,500 | $0 | 5.14% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 4.63% |
| Wilmington, OH (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $0 | 5.25% |
| Marion, OH (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 4.47% |
| Mount Vernon, OH (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 4.73% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 5.25% |
| Cambridge, OH (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 5.00% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 5.50% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.63% |
| Bellefontaine, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 5.19% |
| WHEELING, WV-OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 4.62% |
| Durango, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.70% |
| Norwalk, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 5.06% |
| Fremont, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 4.88% |
| Salem, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 4.44% |
| Wooster, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 4.50% |
| Ashland, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.25% |
| Washington Court House, OH (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 4.94% |
| Chillicothe, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 4.81% |
| Marietta, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.63% |
| Lake City, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.50% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.50% |
| Meadville, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.25% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.38% |
| Findlay, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.38% |
| Greenville, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.13% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.38% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.13% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.81% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.88% |
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 2018, First Ohio Home Finance's most frequently originated type of loan was Conventional, with 433 originations. Their 2nd most popular type was FHA, with 240 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 564 | $94,840,000 | $168,156 | $0 | 4.91% |
| Cash Out Refi | 87 | $14,825,000 | $170,402 | $0 | 5.28% |
| Refi | 42 | $7,030,000 | $167,381 | $0 | 4.71% |
For 2018, First Ohio Home Finance's most frequently cited loan purpose was Home Purchase, with 564 originations. The 2nd most popular reason was Cash Out Refi, with 87 originations.
Loan Duration/Length
For 2018, First Ohio Home Finance's most frequently cited loan duration was 30 Year, with 632 originations. The 2nd most popular length was 15 Year, with 39 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1 | $135,000 | $135,000 |
| $3k-4k | 1 | $135,000 | $135,000 |
First Ohio Home Finance's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1 originations.
Interest Rates
During 2018, First Ohio Home Finance's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 441 originations.
Loan Sizing
2018 saw First Ohio Home Finance place emphasis on $100k-200k loans with 368 originations, totaling $53,160,000 in origination value.
Applicant Income
First Ohio Home Finance lent most frequently to those with incomes in the $50k-75k range, with 225 originations. The second most popular income band? $50k or less, with 199 originations.
Applicant Debt to Income Ratio
First Ohio Home Finance lent most frequently to those with DTI ratios of 30-36%, with 125 originations. The next most common DTI ratio? 20-30%, with 118 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.17%
First Ohio Home Finance has an average approval rate.
Pick Rate
Approvals leading to origination74.03%
First Ohio Home Finance has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 693 | $116,695,000 | $168,391 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $295,000 | $98,333 |
| Single Family (1-4 Units):Site-Built | 690 | $116,400,000 | $168,696 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST OHIO HOME FINANCE, INC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |