First Federal Savings Bank Of Lincolnton Mortgage Rates, Fees & Info
Lincolnton, NCLEI: 549300EGTMFOWQOCQM74
Tax ID: 56-0499280
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Federal Savings Bank Of Lincolnton is a smaller bank specializing in Home Purchase and Refi loans. First Federal Savings Bank Of Lincolnton has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Hickory, Winston, Asheville, and Shelby among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First Federal Savings Bank Of Lincolnton has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
93Origination Dollar Volume (All Markets)
$15,125,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 78 | $11,900,000 | $152,564 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 9 | $2,125,000 | $236,111 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Shelby, NC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 93 | $15,125,000 | $162,634 | $0 | 0.00% |
For 2019, First Federal Savings Bank Of Lincolnton's most frequently originated type of loan was Conventional, with 93 originations.
Loan Reason
For 2019, First Federal Savings Bank Of Lincolnton's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 93 | $15,125,000 | $162,634 | $0 | 0.00% |
For 2019, First Federal Savings Bank Of Lincolnton's most frequently cited loan duration was Other, with 93 originations.
Loan Sizing
2019 saw First Federal Savings Bank Of Lincolnton place emphasis on $100,000 or less loans with 33 originations, totaling $1,835,000 in origination value.
Applicant Income
First Federal Savings Bank Of Lincolnton lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 93 | $15,125,000 | $162,634 | $0 | 0.00% |
First Federal Savings Bank Of Lincolnton lent most frequently to those with DTI ratios of Exempt%, with 93 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.95%
First Federal Savings Bank Of Lincolnton has a below average approval rate.
Pick Rate
Approvals leading to origination91.40%
First Federal Savings Bank Of Lincolnton has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 93 | $15,125,000 | $162,634 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 3 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Closing on a mortgage | 2 | 33.3% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 16.7% |