First Ohio Home Finance Mortgage Rates, Fees & Info

WESTERVILLE, OH

LEI: 5493004NMXQUYEFD1Y98

Tax ID: 31-1484057

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Ohio Home Finance is a smaller mortgage company specializing in Home Purchase and Refi 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, Canton, and Cambridge among others. We have data for 58 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. First Ohio Home Finance is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.33% 11/21/24
    30 Year Conventional Refi 6.27% 11/21/24
    30 Year Cash-out Refi 8.24% 11/21/24
    30 Year FHA Purchase 8.16% 11/21/24
    30 Year FHA Refi 6.27% 11/21/24
    30 Year VA Purchase 6.27% 11/21/24
    30 Year USDA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 5.68% 11/21/24
    15 Year Conventional Refi 5.68% 11/21/24
    15 Year Cash-out Refi 5.68% 11/21/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Ohio Home Finance. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,565

    Origination Dollar Volume (All Markets)

    $297,765,000
    Show all (5) awards

    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) 901 $191,405,000 $212,436 $3,699 3.19%
    AKRON, OH (FHA|USDA|VA) 171 $23,525,000 $137,573 $4,242 3.31%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 84 $14,980,000 $178,333 $4,638 3.33%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 78 $14,260,000 $182,821 $4,319 3.18%
    Cambridge, OH (FHA|USDA|VA) 85 $10,575,000 $124,412 $4,139 3.45%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 19 $4,085,000 $215,000 $3,461 3.05%
    Zanesville, OH (FHA|USDA|VA) 25 $3,295,000 $131,800 $4,614 3.58%
    Ashland, OH (FHA|USDA|VA) 20 $3,200,000 $160,000 $3,981 3.15%
    Outside of Metro Areas 20 $2,710,000 $135,500 $4,042 3.52%
    Ashtabula, OH (FHA|USDA|VA) 16 $2,530,000 $158,125 $4,473 3.52%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 14 $2,160,000 $154,286 $3,910 3.09%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,860,000 $310,000 $4,825 3.62%
    TOLEDO, OH (FHA|USDA|VA) 9 $1,715,000 $190,556 $4,397 3.18%
    SPRINGFIELD, OH (FHA|USDA|VA) 10 $1,650,000 $165,000 $5,463 3.42%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 7 $1,265,000 $180,714 $4,647 3.27%
    WHEELING, WV-OH (FHA|USDA|VA) 9 $1,185,000 $131,667 $3,736 3.37%
    Salem, OH (FHA|USDA|VA) 8 $1,060,000 $132,500 $4,546 3.29%
    Wauchula, FL (FHA|USDA|VA) 3 $1,015,000 $338,333 $3,813 3.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $950,000 $237,500 $5,166 3.63%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $790,000 $197,500 $3,110 3.03%
    Marietta, OH (FHA|USDA|VA) 6 $760,000 $126,667 $3,611 3.60%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $750,000 $375,000 $2,711 3.81%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $730,000 $365,000 $2,133 3.13%
    Urbana, OH (FHA|USDA|VA) 3 $715,000 $238,333 $6,987 3.12%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $705,000 $235,000 $3,633 3.46%
    Mount Vernon, OH (FHA|USDA|VA) 3 $695,000 $231,667 $2,965 3.29%
    MANSFIELD, OH (FHA|USDA|VA) 4 $650,000 $162,500 $5,606 3.84%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $640,000 $320,000 $2,770 2.81%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 4 $610,000 $152,500 $5,399 3.15%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $545,000 $181,667 $2,806 3.17%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $525,000 $175,000 $3,374 3.17%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $505,000 $505,000 $4,114 2.63%
    Marion, OH (FHA|USDA|VA) 3 $475,000 $158,333 $3,482 3.08%
    Athens, OH (FHA|USDA|VA) 2 $400,000 $200,000 $2,698 3.06%
    LIMA, OH (FHA|USDA|VA) 3 $375,000 $125,000 $3,051 2.96%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,295 3.69%
    Wapakoneta, OH (FHA|USDA|VA) 1 $335,000 $335,000 $3,620 3.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $335,000 $335,000 $11,358 3.63%
    Chillicothe, OH (FHA|USDA|VA) 3 $305,000 $101,667 $4,315 3.96%
    Bucyrus-Galion, OH (FHA|USDA|VA) 1 $295,000 $295,000 $3,196 3.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $285,000 $285,000 $2,411 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,351 3.88%
    Angola, IN (FHA|USDA|VA) 1 $215,000 $215,000 $3,637 3.63%
    Sandusky, OH (FHA|USDA|VA) 2 $200,000 $100,000 $3,828 3.13%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $195,000 $195,000 $6,594 3.50%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 2 $180,000 $90,000 $4,722 3.25%
    Coshocton, OH (FHA|USDA|VA) 1 $165,000 $165,000 $6,597 2.63%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,255 3.25%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $155,000 $155,000 $3,582 4.00%
    OCALA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,648 3.50%
    Somerset, KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,381 3.25%
    Houghton, MI (FHA|USDA|VA) 1 $125,000 $125,000 $4,373 3.50%
    Wooster, OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,876 2.88%
    Bellefontaine, OH (FHA|USDA|VA) 1 $125,000 $125,000 $1,418 4.13%
    Findlay, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,964 2.99%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $115,000 $115,000 $2,795 3.25%
    Wilmington, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,283 3.25%
    Norwalk, OH (FHA|USDA|VA) 1 $85,000 $85,000 $5,455 4.13%
    First Ohio Home Finance's top markets include Columbus, Akron, Cleveland, Canton, and Cambridge among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • 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.

    Commodore Bank
    Similarity Rank: 153
    The North Side Bank & Trust Company
    Similarity Rank: 350
    Ohio Catholic Federal Credit Union
    Similarity Rank: 392
    Mechanics Bank
    Similarity Rank: 418
    First Federal Savings and Loan Association
    Similarity Rank: 620
    CINFED Federal Credit Union
    Similarity Rank: 651
    Kingston National Bank
    Similarity Rank: 708
    First State Bank
    Similarity Rank: 770
    Columbus Metro Federal Credit Union
    Similarity Rank: 864
    Sharefax Credit Union
    Similarity Rank: 936

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,263 $249,155,000 $197,272 $3,323 3.22%
    FHA 206 $33,380,000 $162,039 $7,144 3.44%
    USDA 57 $7,075,000 $124,123 $5,226 3.31%
    VA 39 $8,155,000 $209,103 $5,021 3.06%

    For 2020, First Ohio Home Finance's most frequently originated type of loan was Conventional, with 1,263 originations. Their 2nd most popular type was FHA, with 206 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 811 $136,165,000 $167,898 $4,693 3.38%
    Refi 588 $128,730,000 $218,929 $2,985 3.05%
    Cash Out Refi 166 $32,870,000 $198,012 $3,617 3.33%

    For 2020, First Ohio Home Finance's most frequently cited loan purpose was Home Purchase, with 811 originations. The 2nd most popular reason was Refi, with 588 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,308 $248,160,000 $189,725 $4,140 3.30%
    15 Year 132 $26,470,000 $200,530 $2,916 2.80%
    20 Year 74 $13,030,000 $176,081 $3,103 3.16%
    Other 41 $8,825,000 $215,244 $2,587 3.11%
    10 Year 10 $1,280,000 $128,000 $2,585 2.98%

    For 2020, First Ohio Home Finance's most frequently cited loan duration was 30 Year, with 1,308 originations. The 2nd most popular length was 15 Year, with 132 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 775 $139,305,000 $179,748
    2.5-3% 599 $126,425,000 $211,060
    4-5% 112 $14,080,000 $125,714
    <2.5% 74 $17,360,000 $234,595
    5-6% 5 $595,000 $119,000

    During 2020, First Ohio Home Finance's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 3-4%, with 775 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 730 $107,240,000 $146,904 $3,962 3.29%
    $200k-400k 527 $143,365,000 $272,040 $4,085 3.08%
    $100,000 or less 244 $17,910,000 $73,402 $3,654 3.55%
    $400k-600k 64 $29,250,000 $457,031 $3,503 3.03%

    2020 saw First Ohio Home Finance place emphasis on $100k-200k loans with 730 originations, totaling $107,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 402 $66,920,000 $166,468 $4,175 3.28%
    $50k or less 345 $42,645,000 $123,609 $4,194 3.39%
    $100k-150k 290 $68,130,000 $234,931 $3,768 3.19%
    $75k-100k 245 $46,945,000 $191,612 $4,030 3.19%
    $150k-250k 210 $54,610,000 $260,048 $3,395 3.13%
    $250k+ 50 $13,510,000 $270,200 $3,029 3.16%

    First Ohio Home Finance lent most frequently to those with incomes in the $50k-75k range, with 402 originations. The second most popular income band? $50k or less, with 345 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 388 $73,740,000 $190,052 $3,550 3.17%
    30-36% 296 $56,410,000 $190,574 $3,901 3.28%
    <20% 160 $32,530,000 $203,313 $2,986 3.09%
    43% 75 $14,245,000 $189,933 $4,267 3.31%
    40% 70 $11,450,000 $163,571 $3,685 3.24%
    44% 66 $12,290,000 $186,212 $4,631 3.43%
    39% 65 $10,795,000 $166,077 $4,198 3.43%
    42% 64 $11,430,000 $178,594 $3,964 3.34%
    38% 58 $10,880,000 $187,586 $4,205 3.29%
    41% 56 $11,000,000 $196,429 $4,235 3.20%
    37% 44 $7,980,000 $181,364 $3,882 3.32%
    36% 40 $7,700,000 $192,500 $4,001 3.35%
    45% 40 $6,720,000 $168,000 $3,771 3.21%
    50-60% 32 $5,970,000 $186,563 $7,353 3.24%
    46% 25 $5,905,000 $236,200 $5,123 3.57%
    47% 24 $4,870,000 $202,917 $4,212 3.33%
    48% 20 $4,860,000 $243,000 $5,517 3.29%
    49% 20 $4,180,000 $209,000 $5,718 3.15%

    First Ohio Home Finance lent most frequently to those with DTI ratios of 20-30%, with 388 originations. The next most common DTI ratio? 30-36%, with 296 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,353 $260,145,000 $192,273 $3,826 3.24%
    Black 103 $18,095,000 $175,680 $5,541 3.36%
    Asian 52 $10,580,000 $203,462 $3,370 3.24%
    Not provided 54 $8,670,000 $160,556 $4,256 3.16%
    Native Hawaiian or Islander 1 $135,000 $135,000 $2,551 3.75%
    American Indian 1 $95,000 $95,000 $2,937 3.63%
    Korean 1 $45,000 $45,000 $2,863 3.63%

    Approval Rates

    Total approvals of all applications
    95.00%

    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 origination
    78.53%

    First Ohio Home Finance has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,565 $297,765,000 $190,265

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 13 $1,795,000 $138,077
    Single Family (1-4 Units):Site-Built 1,552 $295,970,000 $190,702

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $2,190,000 $136,875 $2,293 3.02%
    40-60% 118 $23,150,000 $196,186 $2,715 2.92%
    60-80% 626 $123,320,000 $196,997 $3,309 3.22%
    80-100% 803 $148,985,000 $185,535 $4,638 3.32%
    Over 100% 2 $120,000 $60,000 $4,163 4.81%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST FINANCIAL BANCORP Other type of mortgage Closing on a mortgage 1 14.3%
    FIRST FINANCIAL BANCORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    FIRST FINANCIAL BANCORP Conventional home mortgage Struggling to pay mortgage 1 14.3%
    FIRST FINANCIAL BANCORP Conventional home mortgage Trouble during payment process 1 14.3%
    FIRST FINANCIAL BANCORP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 28.6%
    FIRST FINANCIAL BANCORP Home equity loan or line of credit (HELOC) Trouble during payment process 1 14.3%