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

Review & Overview

First Federal Savings And Loan Bank is a smaller bank specializing in Home Purchase and Refi loans. First Federal Savings And Loan Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Lawrence, Ottawa, and Springfield among others. We have data for 5 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 an above average pick rate when compared to similar lenders.

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Originations

155

Origination Dollar Volume (All Markets)

$25,255,000

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)	146	$24,080,000	$164,932	$0	0.00%
LAWRENCE, KS (FHA\|USDA\|VA)	4	$780,000	$195,000	$0	0.00%
Ottawa, KS (FHA\|USDA\|VA)	2	$220,000	$110,000	$0	0.00%
SPRINGFIELD, MO (FHA\|USDA\|VA)	2	$100,000	$50,000	$0	0.00%
Outside of Metro Areas	1	$75,000	$75,000	$0	0.00%

First Federal Savings And Loan Bank's top markets include Kansas City, Lawrence, Ottawa, and Springfield among others.

Their top states include:

Kansas (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	155	$25,255,000	$162,935	$0	0.00%

For 2022, First Federal Savings And Loan Bank's most frequently originated type of loan was Conventional, with 155 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	105	$18,065,000	$172,048	$0	0.00%
Refi	32	$5,870,000	$183,438	$0	0.00%
Home Improvement	12	$820,000	$68,333	$0	0.00%
Other	6	$500,000	$83,333	$0	0.00%

For 2022, First Federal Savings And Loan Bank's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 32 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	155	$25,255,000	$162,935	$0	0.00%

For 2022, First Federal Savings And Loan Bank's most frequently cited loan duration was Other, with 155 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	73	$10,705,000	$146,644	$0	0.00%
$100,000 or less	47	$3,015,000	$64,149	$0	0.00%
$200k-400k	29	$7,655,000	$263,966	$0	0.00%
$400k-600k	3	$1,365,000	$455,000	$0	0.00%
$600k-1MM	3	$2,515,000	$838,333	$0	0.00%

2022 saw First Federal Savings And Loan Bank place emphasis on $100k-200k loans with 73 originations, totaling $10,705,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	33	$4,035,000	$122,273	$0	0.00%
$100k-150k	28	$5,880,000	$210,000	$0	0.00%
$50k or less	27	$2,325,000	$86,111	$0	0.00%
$150k-250k	25	$4,245,000	$169,800	$0	0.00%
$75k-100k	19	$2,495,000	$131,316	$0	0.00%
$250k+	8	$3,650,000	$456,250	$0	0.00%

First Federal Savings And Loan Bank lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 28 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	155	$25,255,000	$162,935	$0	0.00%

First Federal Savings And Loan Bank lent most frequently to those with DTI ratios of Exempt%, with 155 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	99	$16,595,000	$167,626	$0	0.00%
Not provided	27	$3,935,000	$145,741	$0	0.00%
Not applicable	15	$2,625,000	$175,000	$0	0.00%
Black	7	$945,000	$135,000	$0	0.00%
Asian	3	$585,000	$195,000	$0	0.00%
Other Asian	1	$275,000	$275,000	$0	0.00%
American Indian	2	$190,000	$95,000	$0	0.00%
Filipino	1	$105,000	$105,000	$0	0.00%

Approval Rates

Total approvals of all applications
96.59%

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
92.26%

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

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	155	$25,255,000	$162,935

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	155	$25,255,000	$162,935

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
FIRST CITIZENS BANCSHARES, INC.	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	1	100.0%