First Federal Savings And Loan Association Of Lakewood Mortgage Rates, Fees & Info
Lakewood, OHLEI: 549300DPWFIO1S3DF358
Tax ID: 35-2537672
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Mortgage Data
Review & Overview
First Federal Savings And Loan Association Of Lakewood is a smaller mortgage company specializing in Home Purchase loans. First Federal Savings And Loan Association Of Lakewood has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Cleveland, Columbus, Toledo, Akron, and Cincinnati among others. We have data for 88 markets. (Some data included below & more in-depth data is available with an active subscription.)First Federal Savings And Loan Association Of Lakewood 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 Federal Savings And Loan Association Of Lakewood 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.83% | 12/3/24 |
| 30 Year Conventional Purchase | 6.27% | 12/3/24 |
| 30 Year Conventional Refi | 6.19% | 12/3/24 |
| 30 Year Cash-out Refi | 6.34% | 12/3/24 |
| 30 Year FHA Purchase | 7.61% | 12/3/24 |
| 30 Year VA Purchase | 6.70% | 12/3/24 |
| 30 Year USDA Purchase | 7.46% | 12/3/24 |
| 15 Year Conventional Purchase | 5.91% | 12/3/24 |
| 15 Year Conventional Refi | 5.98% | 12/3/24 |
| 15 Year Cash-out Refi | 5.98% | 12/3/24 |
| 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 Federal Savings And Loan Association Of Lakewood Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,560Origination Dollar Volume (All Markets)
$737,110,000Awards
First Federal Savings and Loan Association of Lakewood - 2022
First Federal Savings and Loan Association of Lakewood is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1,546 | $376,650,000 | $243,629 | $4,199 | 4.54% |
| COLUMBUS, OH (FHA|USDA|VA) | 277 | $115,385,000 | $416,552 | $4,679 | 4.24% |
| TOLEDO, OH (FHA|USDA|VA) | 161 | $58,985,000 | $366,366 | $4,828 | 4.66% |
| AKRON, OH (FHA|USDA|VA) | 167 | $39,995,000 | $239,491 | $3,965 | 4.51% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 34 | $12,970,000 | $381,471 | $4,610 | 4.71% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 52 | $8,370,000 | $160,962 | $3,207 | 5.00% |
| MONROE, MI (FHA|USDA|VA) | 22 | $7,720,000 | $350,909 | $4,829 | 4.59% |
| Sandusky, OH (FHA|USDA|VA) | 21 | $7,145,000 | $340,238 | $5,144 | 4.23% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 26 | $4,780,000 | $183,846 | $4,441 | 4.99% |
| Ashtabula, OH (FHA|USDA|VA) | 14 | $4,710,000 | $336,429 | $5,789 | 4.67% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 23 | $4,435,000 | $192,826 | $3,521 | 4.44% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $4,285,000 | $612,143 | $6,514 | 4.89% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $4,265,000 | $609,286 | $7,000 | 3.84% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $3,870,000 | $483,750 | $5,443 | 3.93% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $3,630,000 | $907,500 | $7,382 | 3.99% |
| Outside of Metro Areas | 12 | $3,560,000 | $296,667 | $4,802 | 4.86% |
| Norwalk, OH (FHA|USDA|VA) | 9 | $3,485,000 | $387,222 | $6,495 | 4.24% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $3,355,000 | $671,000 | $5,094 | 5.23% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $3,325,000 | $475,000 | $5,869 | 4.27% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $2,945,000 | $589,000 | $6,892 | 5.28% |
| LOUISVILLE, KY (FHA|USDA|VA) | 6 | $2,900,000 | $483,333 | $3,664 | 3.92% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 4 | $2,760,000 | $690,000 | $4,469 | 4.46% |
| ANN ARBOR, MI (FHA|USDA|VA) | 8 | $2,710,000 | $338,750 | $4,842 | 4.33% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 10 | $2,640,000 | $264,000 | $2,830 | 5.17% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $2,610,000 | $652,500 | $6,816 | 4.33% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $2,205,000 | $735,000 | $4,501 | 4.28% |
| MANSFIELD, OH (FHA|USDA|VA) | 7 | $2,195,000 | $313,571 | $4,109 | 4.15% |
| JACKSON, MI (FHA|USDA|VA) | 5 | $2,165,000 | $433,000 | $5,734 | 4.34% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 5 | $2,095,000 | $419,000 | $4,690 | 3.46% |
| Ashland, OH (FHA|USDA|VA) | 8 | $1,990,000 | $248,750 | $5,363 | 4.37% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $1,945,000 | $648,333 | $6,340 | 3.62% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 7 | $1,785,000 | $255,000 | $4,061 | 4.39% |
| Adrian, MI (FHA|USDA|VA) | 3 | $1,755,000 | $585,000 | $5,029 | 4.95% |
| Mount Vernon, OH (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $8,202 | 4.70% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $1,465,000 | $488,333 | $4,138 | 4.85% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $4,368 | 4.93% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $6,933 | 3.66% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $2,397 | 4.10% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $4,480 | 4.52% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $5,705 | 3.34% |
| Tiffin, OH (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $4,181 | 4.22% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $5,257 | 4.89% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $4,219 | 4.00% |
| New Castle, PA (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $5,840 | 4.84% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $5,236 | 4.84% |
| Findlay, OH (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $5,229 | 3.50% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $5,490 | 4.87% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $4,588 | 3.24% |
| Wapakoneta, OH (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $5,385 | 4.72% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $4,292 | 3.64% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $8,461 | 3.04% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,084 | 3.49% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,060 | 2.99% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $4,950 | 4.95% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,622 | 4.09% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,507 | 4.80% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $6,009 | 4.89% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,875 | 3.54% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,071 | 5.40% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,606 | 4.09% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,859 | 3.53% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,277 | 3.04% |
| Fremont, OH (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,583 | 4.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,115 | 2.98% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,585 | 3.04% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $9,916 | 6.17% |
| Hillsdale, MI (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,740 | 7.01% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,127 | 3.09% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,055 | 5.18% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,123 | 4.94% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,675 | 4.09% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,625 | 3.04% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,739 | 4.44% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,976 | 3.79% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,718 | 6.55% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,543 | 4.28% |
| Athens, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,216 | 6.07% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,505 | 3.72% |
| Wooster, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,265 | 5.70% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,669 | 4.65% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,646 | 3.04% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,789 | 4.57% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,558 | 4.29% |
| Marion, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 4.68% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,309 | 6.17% |
| Salem, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,154 | 4.35% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,427 | 6.60% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.25% |
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We use machine learning to identify the top lenders compared against First Federal Savings and Loan Association of Lakewood 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 2022, First Federal Savings And Loan Association Of Lakewood's most frequently originated type of loan was Conventional, with 2,028 originations. Their 2nd most popular type was HELOC, with 487 originations.
Loan Reason
For 2022, First Federal Savings And Loan Association Of Lakewood's most frequently cited loan purpose was Home Purchase, with 1,571 originations. The 2nd most popular reason was Cash Out Refi, with 305 originations.
Loan Duration/Length
For 2022, First Federal Savings And Loan Association Of Lakewood's most frequently cited loan duration was 30 Year, with 1,748 originations. The 2nd most popular length was 20 Year, with 505 originations.
Origination Fees/Closing Costs
First Federal Savings And Loan Association Of Lakewood's average total fees were $4,637, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,254 originations.
Interest Rates
During 2022, First Federal Savings And Loan Association Of Lakewood's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 3-4%, with 751 originations.
Loan Sizing
2022 saw First Federal Savings And Loan Association Of Lakewood place emphasis on $200k-400k loans with 788 originations, totaling $225,550,000 in origination value.
Applicant Income
First Federal Savings And Loan Association Of Lakewood lent most frequently to those with incomes in the $100k-150k range, with 607 originations. The second most popular income band? $150k-250k, with 542 originations.
Applicant Debt to Income Ratio
First Federal Savings And Loan Association Of Lakewood lent most frequently to those with DTI ratios of 20-30%, with 678 originations. The next most common DTI ratio? 30-36%, with 521 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.42%
First Federal Savings And Loan Association Of Lakewood has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.67%
First Federal Savings And Loan Association Of Lakewood has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,560 | $737,110,000 | $287,934 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST GUARANTY MORTGAGE CORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |