First Federal Savings And Loan Bank Mortgage Rates, Fees & Info

Olathe, KS

LEI: 5493008HZMBEJQEY0J72

Tax ID: 48-0220635

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 Federal Savings And Loan Bank is a smaller bank specializing in Home Purchase loans. First Federal Savings And Loan Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Crestview, Topeka, and Lawrence among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Federal Savings And Loan Bank 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.

    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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    Originations

    139

    Origination Dollar Volume (All Markets)

    $23,195,000

    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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 136 $22,130,000 $162,721 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
    TOPEKA, KS (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    LAWRENCE, KS (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    First Federal Savings And Loan Bank's top markets include Kansas City, Crestview, Topeka, and Lawrence among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 139 $23,195,000 $166,871 $0 0.00%

    For 2023, First Federal Savings And Loan Bank's most frequently originated type of loan was Conventional, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $17,530,000 $186,489 $0 0.00%
    Home Improvement 24 $1,720,000 $71,667 $0 0.00%
    Refi 18 $3,710,000 $206,111 $0 0.00%
    Other 3 $235,000 $78,333 $0 0.00%

    For 2023, First Federal Savings And Loan Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Home Improvement, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 139 $23,195,000 $166,871 $0 0.00%

    For 2023, First Federal Savings And Loan Bank's most frequently cited loan duration was Other, with 139 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 53 $7,365,000 $138,962 $0 0.00%
    $100,000 or less 45 $2,685,000 $59,667 $0 0.00%
    $200k-400k 34 $9,370,000 $275,588 $0 0.00%
    $400k-600k 4 $1,870,000 $467,500 $0 0.00%
    $600k-1MM 3 $1,905,000 $635,000 $0 0.00%

    2023 saw First Federal Savings And Loan Bank place emphasis on $100k-200k loans with 53 originations, totaling $7,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 26 $4,450,000 $171,154 $0 0.00%
    $100k-150k 25 $3,415,000 $136,600 $0 0.00%
    $50k-75k 19 $2,555,000 $134,474 $0 0.00%
    $150k-250k 16 $5,160,000 $322,500 $0 0.00%
    $50k or less 14 $1,240,000 $88,571 $0 0.00%
    $250k+ 7 $1,815,000 $259,286 $0 0.00%

    First Federal Savings And Loan Bank lent most frequently to those with incomes in the $75k-100k range, with 26 originations. The second most popular income band? $100k-150k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 139 $23,195,000 $166,871 $0 0.00%

    First Federal Savings And Loan Bank lent most frequently to those with DTI ratios of Exempt%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $13,510,000 $187,639 $0 0.00%
    Not applicable 32 $4,560,000 $142,500 $0 0.00%
    Not provided 23 $3,335,000 $145,000 $0 0.00%
    American Indian 6 $760,000 $126,667 $0 0.00%
    Asian 3 $565,000 $188,333 $0 0.00%
    Other Asian 1 $375,000 $375,000 $0 0.00%
    Black 2 $90,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.06%

    First Federal Savings And Loan Bank 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
    89.21%

    First Federal Savings And Loan Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 139 $23,195,000 $166,871

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    139 $23,195,000 $166,871