Colonial Savings F.a. Mortgage Rates, Fees & Info

Fort Worth, TX

LEI: 549300EMNQ2QLOEPQ289

Tax ID: 75-1103106

5 stars - Updated: 5/20/24 - out of 5 stars, based on 25 reviews

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

Jump to:

Mortgage Data

Review & Overview

Colonial Savings F.a. is a smaller mortgage company specializing in Home Purchase loans. Colonial Savings F.a. 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: Dallas, Houston, San Antonio, Fayetteville, and Laramie among others. We have data for 168 markets. (Some data included below & more in-depth data is available with an active subscription.)

Colonial Savings F.a. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Colonial Savings F.a. is typically a high 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 relatively high 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 6.68% 5/20/24
30 Year Conventional Refi 6.66% 5/20/24
30 Year Cash-out Refi 6.99% 5/20/24
30 Year FHA Purchase 7.60% 5/20/24
30 Year FHA Refi 7.46% 5/20/24
30 Year VA Purchase 6.54% 5/20/24
30 Year VA Refi 6.27% 5/20/24
15 Year Conventional Purchase 6.18% 5/20/24
15 Year Conventional Refi 6.20% 5/20/24
15 Year Cash-out Refi 6.20% 5/20/24
15 Year FHA Purchase 6.82% 5/20/24
15 Year FHA Refi 5.68% 5/20/24
15 Year VA Purchase 5.68% 5/20/24
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.

Colonial Savings F.a. Mortgage Calculator






Your Estimates

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

This is not an official calculator from Colonial Savings F.a.. 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

647

Origination Dollar Volume (All Markets)

$226,455,000

Awards

Colonial Savings F.A. 30 Year Conventional Loans silver
Show all (1) awards

Relative Rate

Colonial Savings F.a.'s average 30 year fixed mortgage rate was 6.61%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.13%.

Relative Fees (Closing Costs)

Colonial Savings F.a.'s average total fees/closing costs for a 30 year fixed rate mortgage were $8,342.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 166 $62,660,000 $377,470 $8,545 6.68%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 81 $34,935,000 $431,296 $10,356 6.53%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 27 $14,305,000 $529,815 $13,239 6.28%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 31 $12,085,000 $389,839 $8,555 6.73%
Outside of Metro Areas 41 $11,345,000 $276,707 $7,700 6.50%
Laramie, WY (FHA|USDA|VA) 23 $7,605,000 $330,652 $7,433 6.21%
Granbury, TX (FHA|USDA|VA) 8 $3,830,000 $478,750 $11,073 6.48%
Huntsville, TX (FHA|USDA|VA) 5 $3,295,000 $659,000 $15,923 6.10%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $2,420,000 $1,210,000 $19,981 6.56%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 7 $2,335,000 $333,571 $9,668 6.21%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $2,205,000 $245,000 $6,324 6.96%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $2,180,000 $545,000 $14,150 6.66%
TYLER, TX (FHA|USDA|VA) 5 $2,165,000 $433,000 $14,764 6.18%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $2,070,000 $345,000 $6,284 6.77%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $1,955,000 $391,000 $8,416 6.45%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $1,785,000 $255,000 $5,231 7.29%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,570,000 $392,500 $15,387 6.38%
CHEYENNE, WY (FHA|USDA|VA) 4 $1,550,000 $387,500 $10,335 6.13%
PITTSBURGH, PA (FHA|USDA|VA) 4 $1,440,000 $360,000 $14,913 6.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $1,310,000 $655,000 $18,492 6.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $1,220,000 $610,000 $14,685 6.31%
RICHMOND, VA (FHA|USDA|VA) 4 $1,090,000 $272,500 $10,163 7.16%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $1,070,000 $535,000 $9,446 6.38%
LONGVIEW, TX (FHA|USDA|VA) 4 $1,060,000 $265,000 $8,965 6.47%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $1,010,000 $505,000 $4,801 6.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $990,000 $247,500 $7,906 6.22%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $960,000 $240,000 $10,585 6.19%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $930,000 $232,500 $4,195 7.09%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $905,000 $301,667 $5,516 6.83%
Mineral Wells, TX (FHA|USDA|VA) 4 $850,000 $212,500 $7,474 6.34%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $815,000 $271,667 $5,505 6.58%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $785,000 $261,667 $8,963 6.33%
JACKSON, MS (FHA|USDA|VA) 2 $730,000 $365,000 $10,987 6.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $725,000 $725,000 $4,230 6.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $720,000 $360,000 $9,633 6.88%
FORT COLLINS, CO (FHA|USDA|VA) 2 $680,000 $340,000 $3,148 6.81%
FLORENCE, SC (FHA|USDA|VA) 2 $680,000 $340,000 $12,048 6.69%
Brenham, TX (FHA|USDA|VA) 1 $655,000 $655,000 $16,759 5.88%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $640,000 $320,000 $6,346 6.50%
Stephenville, TX (FHA|USDA|VA) 1 $635,000 $635,000 $16,348 6.38%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $625,000 $625,000 $9,488 6.00%
Lebanon, NH-VT (FHA|USDA|VA) 4 $610,000 $152,500 $4,289 5.97%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $590,000 $295,000 $5,960 6.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $580,000 $290,000 $2,163 7.06%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $580,000 $290,000 $7,425 7.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $565,000 $188,333 $5,151 7.04%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $565,000 $565,000 $15,059 6.88%
LUBBOCK, TX (FHA|USDA|VA) 2 $540,000 $270,000 $6,014 6.31%
BOISE CITY, ID (FHA|USDA|VA) 1 $515,000 $515,000 $12,926 6.38%
Durango, CO (FHA|USDA|VA) 1 $515,000 $515,000 $2,237 6.00%
FOND DU LAC, WI (FHA|USDA|VA) 1 $475,000 $475,000 $8,104 7.00%
MIDLAND, TX (FHA|USDA|VA) 2 $470,000 $235,000 $9,790 7.06%
ST. GEORGE, UT (FHA|USDA|VA) 1 $465,000 $465,000 $11,984 6.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $460,000 $230,000 $8,653 6.63%
ABILENE, TX (FHA|USDA|VA) 2 $450,000 $225,000 $5,026 6.00%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $450,000 $225,000 $6,726 6.06%
Holland, MI (FHA|USDA|VA) 1 $445,000 $445,000 $7,305 6.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $445,000 $445,000 $9,440 6.75%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $425,000 $425,000 $12,154 6.38%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $425,000 $425,000 $8,549 6.50%
TOLEDO, OH (FHA|USDA|VA) 3 $415,000 $138,333 $7,038 6.29%
EL PASO, TX (FHA|USDA|VA) 2 $410,000 $205,000 $10,429 5.81%
POCATELLO, ID (FHA|USDA|VA) 2 $410,000 $205,000 $5,150 6.94%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $385,000 $385,000 $8,162 6.25%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $385,000 $385,000 $4,633 7.50%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $385,000 $385,000 $5,998 6.63%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $375,000 $375,000 $11,586 6.38%
Mount Vernon, OH (FHA|USDA|VA) 1 $375,000 $375,000 $8,605 6.38%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $365,000 $365,000 $8,706 6.63%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $365,000 $365,000 $6,607 6.25%
Jasper, IN (FHA|USDA|VA) 1 $365,000 $365,000 $9,704 6.50%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $365,000 $365,000 $8,986 6.75%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $365,000 $365,000 $19,095 5.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $365,000 $365,000 $14,734 6.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $360,000 $180,000 $4,060 7.63%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $355,000 $355,000 $6,804 6.38%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $355,000 $355,000 $7,120 6.88%
Paducah, KY-IL (FHA|USDA|VA) 1 $355,000 $355,000 $6,953 7.38%
Hilo, HI (FHA|USDA|VA) 1 $345,000 $345,000 $9,647 6.75%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $345,000 $345,000 $10,111 6.50%
READING, PA (FHA|USDA|VA) 1 $345,000 $345,000 $11,614 6.38%
Tupelo, MS (FHA|USDA|VA) 1 $345,000 $345,000 $16,367 6.63%
BURLINGTON, NC (FHA|USDA|VA) 1 $335,000 $335,000 $6,543 6.50%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $335,000 $335,000 $7,569 6.88%
ERIE, PA (FHA|USDA|VA) 1 $335,000 $335,000 $11,467 6.38%
Gainesville, TX (FHA|USDA|VA) 2 $330,000 $165,000 $3,699 6.44%
Fernley, NV (FHA|USDA|VA) 1 $325,000 $325,000 $15,702 6.38%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $325,000 $325,000 $14,648 6.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $325,000 $325,000 $8,564 6.38%
Crawfordsville, IN (FHA|USDA|VA) 1 $315,000 $315,000 $14,863 7.25%
COLUMBUS, OH (FHA|USDA|VA) 1 $315,000 $315,000 $7,306 6.38%
LAWTON, OK (FHA|USDA|VA) 2 $310,000 $155,000 $5,883 7.06%
VICTORIA, TX (FHA|USDA|VA) 1 $305,000 $305,000 $5,895 6.13%
SYRACUSE, NY (FHA|USDA|VA) 1 $305,000 $305,000 $14,727 6.75%
Athens, TX (FHA|USDA|VA) 2 $300,000 $150,000 $4,749 6.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $300,000 $150,000 $7,750 7.56%
Marinette, WI-MI (FHA|USDA|VA) 1 $295,000 $295,000 $12,320 6.88%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $295,000 $295,000 $13,829 6.38%
LAFAYETTE, LA (FHA|USDA|VA) 1 $295,000 $295,000 $11,638 6.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $295,000 $295,000 $4,963 6.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $285,000 $285,000 $12,188 6.63%
MISSOULA, MT (FHA|USDA|VA) 1 $285,000 $285,000 $2,304 6.50%
Cañon City, CO (FHA|USDA|VA) 1 $285,000 $285,000 $8,589 6.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $275,000 $275,000 $6,064 5.38%
Thomasville, GA (FHA|USDA|VA) 1 $275,000 $275,000 $7,069 6.13%
Lufkin, TX (FHA|USDA|VA) 1 $275,000 $275,000 $8,046 6.50%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $270,000 $135,000 $1,358 7.13%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $255,000 $255,000 $12,734 6.50%
McAlester, OK (FHA|USDA|VA) 1 $255,000 $255,000 $8,897 7.00%
LAS CRUCES, NM (FHA|USDA|VA) 1 $255,000 $255,000 $6,214 6.38%
Roseburg, OR (FHA|USDA|VA) 1 $255,000 $255,000 $5,234 6.38%
WICHITA, KS (FHA|USDA|VA) 2 $250,000 $125,000 $2,726 7.75%
WACO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,246 7.00%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $245,000 $245,000 $5,685 6.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $235,000 $235,000 $5,962 7.63%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,220 6.13%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $225,000 $225,000 $4,791 6.38%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $10,677 5.63%
La Grande, OR (FHA|USDA|VA) 1 $225,000 $225,000 $7,335 6.00%
SAN ANGELO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $6,068 5.88%
LYNCHBURG, VA (FHA|USDA|VA) 1 $225,000 $225,000 $5,240 6.50%
DOTHAN, AL (FHA|USDA|VA) 1 $225,000 $225,000 $12,087 6.50%
COLUMBIA, SC (FHA|USDA|VA) 1 $215,000 $215,000 $3,880 6.50%
TUCSON, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $4,911 6.00%
Riverton, WY (FHA|USDA|VA) 2 $210,000 $105,000 $6,670 6.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $210,000 $105,000 $2,018 5.63%
Crossville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $5,664 7.00%
SANTA FE, NM (FHA|USDA|VA) 1 $205,000 $205,000 $5,318 6.50%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $205,000 $205,000 $1,881 5.25%
RACINE, WI (FHA|USDA|VA) 1 $205,000 $205,000 $8,381 6.50%
Washington, IN (FHA|USDA|VA) 1 $195,000 $195,000 $3,149 6.63%
MANHATTAN, KS (FHA|USDA|VA) 1 $195,000 $195,000 $9,760 7.13%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $195,000 $195,000 $8,447 6.88%
West Plains, MO (FHA|USDA|VA) 1 $195,000 $195,000 $11,058 7.13%
ROCHESTER, NY (FHA|USDA|VA) 1 $195,000 $195,000 $9,249 6.25%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $185,000 $185,000 $4,126 6.88%
Brainerd, MN (FHA|USDA|VA) 1 $185,000 $185,000 $7,811 7.13%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $185,000 $185,000 $3,674 6.50%
Morehead City, NC (FHA|USDA|VA) 1 $175,000 $175,000 $7,231 6.13%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $175,000 $175,000 $5,589 7.13%
GADSDEN, AL (FHA|USDA|VA) 1 $175,000 $175,000 $8,961 6.50%
MONROE, MI (FHA|USDA|VA) 1 $175,000 $175,000 $5,160 6.75%
UTICA-ROME, NY (FHA|USDA|VA) 1 $175,000 $175,000 $5,676 7.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $165,000 $165,000 $5,506 6.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $165,000 $165,000 $6,517 7.00%
PEORIA, IL (FHA|USDA|VA) 1 $165,000 $165,000 $4,215 6.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $155,000 $155,000 $3,926 7.50%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $145,000 $145,000 $8,697 6.50%
Tiffin, OH (FHA|USDA|VA) 1 $145,000 $145,000 $4,925 6.38%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $145,000 $145,000 $6,578 6.50%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $135,000 $135,000 $5,156 6.75%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $135,000 $135,000 $539 7.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $125,000 $125,000 $6,235 7.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $125,000 $125,000 $3,493 7.38%
Ponca City, OK (FHA|USDA|VA) 1 $125,000 $125,000 $6,493 6.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $125,000 $125,000 $3,113 4.88%
Grants, NM (FHA|USDA|VA) 1 $115,000 $115,000 $4,990 6.38%
Murray, KY (FHA|USDA|VA) 1 $105,000 $105,000 $4,108 6.13%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $85,000 $85,000 $1,256 8.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $7,134 6.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $75,000 $75,000 $794 8.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $65,000 $65,000 $499 7.88%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $65,000 $65,000 $3,131 7.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $55,000 $55,000 $1,066 7.63%
LANCASTER, PA (FHA|USDA|VA) 1 $45,000 $45,000 $439 7.38%
TULSA, OK (FHA|USDA|VA) 1 $45,000 $45,000 $525 7.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $45,000 $45,000 $1,209 8.00%
GREELEY, CO (FHA|USDA|VA) 1 $45,000 $45,000 $435 7.50%
Colonial Savings F.a.'s top markets include Dallas, Houston, San Antonio, Fayetteville, and Laramie among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Colonial Savings F.A. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Republic Bank
    Similarity Rank: 21
    TRI BORO
    Similarity Rank: 24
    ANB Bank
    Similarity Rank: 60
    Jonah Bank of Wyoming
    Similarity Rank: 65
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    N C P D Federal Credit Union
    Similarity Rank: 126
    County Savings Bank
    Similarity Rank: 135

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 541 $194,085,000 $358,752 $7,918 6.63%
    FHA 72 $20,570,000 $285,694 $12,595 6.49%
    VA 33 $11,695,000 $354,394 $12,579 6.11%
    USDA 1 $105,000 $105,000 $7,181 6.00%

    For 2023, Colonial Savings F.a.'s most frequently originated type of loan was Conventional, with 541 originations. Their 2nd most popular type was FHA, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 539 $207,945,000 $385,798 $9,590 6.46%
    Other 53 $4,815,000 $90,849 $1,415 7.46%
    Cash Out Refi 37 $7,965,000 $215,270 $6,359 7.10%
    Refi 18 $5,730,000 $318,333 $7,179 6.77%

    For 2023, Colonial Savings F.a.'s most frequently cited loan purpose was Home Purchase, with 539 originations. The 2nd most popular reason was Other, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 493 $163,105,000 $330,842 $8,342 6.61%
    30+ year 72 $51,550,000 $715,972 $17,492 6.11%
    15 Year 69 $9,515,000 $137,899 $2,571 6.96%
    20 Year 8 $1,760,000 $220,000 $6,038 6.59%
    Other 3 $385,000 $128,333 $2,523 4.79%
    5 Year 2 $140,000 $70,000 $1,286 7.19%

    For 2023, Colonial Savings F.a.'s most frequently cited loan duration was 30 Year, with 493 originations. The 2nd most popular length was 30+ year, with 72 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 224 $116,870,000 $521,741
    $1k-2k 100 $31,440,000 $314,400
    $4k-5k 87 $27,325,000 $314,080
    $2k-3k 86 $19,240,000 $223,721
    $3k-4k 73 $19,795,000 $271,164
    $<1k 55 $7,105,000 $129,182

    Colonial Savings F.a.'s average total fees were $8,342, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 224 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 402 $150,780,000 $375,075
    7-8% 121 $25,505,000 $210,785
    5-6% 115 $49,185,000 $427,696
    Over 8% 5 $325,000 $65,000
    3-4% 2 $230,000 $115,000
    4-5% 2 $430,000 $215,000

    During 2023, Colonial Savings F.a.'s average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 402 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 297 $87,155,000 $293,451 $7,749 6.57%
    $400k-600k 114 $54,280,000 $476,140 $11,724 6.43%
    $100k-200k 113 $17,475,000 $154,646 $5,204 6.67%
    $600k-1MM 62 $45,310,000 $730,806 $14,701 6.24%
    $100,000 or less 44 $2,840,000 $64,545 $1,501 7.57%
    $1MM+ 17 $19,395,000 $1,140,882 $22,331 6.26%

    2023 saw Colonial Savings F.a. place emphasis on $200k-400k loans with 297 originations, totaling $87,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 201 $84,985,000 $422,811 $9,839 6.56%
    $100k-150k 178 $52,120,000 $292,809 $7,553 6.66%
    $75k-100k 87 $19,875,000 $228,448 $7,090 6.67%
    $250k+ 85 $52,415,000 $616,647 $14,447 6.44%
    $50k-75k 71 $13,955,000 $196,549 $5,679 6.58%
    $50k or less 23 $2,635,000 $114,565 $4,468 6.63%

    Colonial Savings F.a. lent most frequently to those with incomes in the $150k-250k range, with 201 originations. The second most popular income band? $100k-150k, with 178 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 119 $37,645,000 $316,345 $8,320 6.48%
    30-36% 111 $44,305,000 $399,144 $8,401 6.56%
    42% 42 $16,540,000 $393,810 $9,270 6.70%
    41% 36 $16,850,000 $468,056 $11,128 6.45%
    44% 32 $7,980,000 $249,375 $6,857 6.94%
    49% 30 $10,540,000 $351,333 $10,177 6.61%
    38% 28 $8,210,000 $293,214 $7,633 6.70%
    36% 28 $9,760,000 $348,571 $7,848 6.78%
    39% 28 $8,890,000 $317,500 $7,782 6.79%
    37% 26 $9,180,000 $353,077 $9,307 6.51%
    47% 25 $9,595,000 $383,800 $7,969 6.57%
    <20% 24 $6,840,000 $285,000 $6,072 6.60%
    50-60% 22 $7,200,000 $327,273 $12,402 6.24%
    45% 20 $7,190,000 $359,500 $9,888 6.44%
    48% 19 $5,485,000 $288,684 $8,635 6.66%
    43% 19 $6,605,000 $347,632 $8,352 6.64%
    40% 18 $7,610,000 $422,778 $10,090 6.72%
    46% 18 $5,520,000 $306,667 $9,193 6.67%
    >60% 1 $385,000 $385,000 $0 6.88%

    Colonial Savings F.a. lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 476 $166,150,000 $349,055 $8,549 6.57%
    Not provided 101 $33,115,000 $327,871 $8,156 6.66%
    Black 40 $14,910,000 $372,750 $11,312 6.67%
    Asian 20 $9,530,000 $476,500 $11,203 6.38%
    American Indian 8 $1,920,000 $240,000 $6,399 7.00%
    Asian Indian 1 $635,000 $635,000 $8,646 6.50%
    Other Asian 1 $195,000 $195,000 $4,915 6.00%

    Approval Rates

    Total approvals of all applications
    86.08%

    Colonial Savings F.a. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    54.10%

    Colonial Savings F.a. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 647 $226,455,000 $350,008

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    647 $226,455,000 $350,008

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $6,170,000 $146,905 $3,540 6.99%
    40-60% 62 $17,480,000 $281,935 $6,228 6.48%
    60-80% 170 $66,040,000 $388,471 $9,473 6.53%
    80-100% 338 $131,820,000 $390,000 $9,692 6.51%
    Over 100% 8 $3,140,000 $392,500 $22,009 6.05%
    Under 20% 27 $1,805,000 $66,852 $1,125 7.66%