First Federal Bank Of The Midwest Mortgage Rates, Fees & Info

Youngstown, OH

LEI: 549300LNUJ0IPK43UX33

Tax ID: 34-1746771

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

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Mortgage Data

Review & Overview

First Federal Bank Of The Midwest is a small bank specializing in Home Purchase loans. First Federal Bank Of The Midwest 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 Morgantown among others. We have data for 133 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal Bank Of The Midwest 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. First Federal Bank Of The Midwest 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.

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
Home Equity Line of Credit (HELOC) 6.27% 10/13/24
30 Year Conventional Purchase 6.09% 10/13/24
30 Year Conventional Refi 6.07% 10/13/24
30 Year Cash-out Refi 6.49% 10/13/24
30 Year FHA Purchase 6.91% 10/13/24
30 Year FHA Refi 7.06% 10/13/24
30 Year VA Purchase 6.03% 10/13/24
30 Year VA Refi 6.27% 10/13/24
30 Year USDA Purchase 6.55% 10/13/24
15 Year Conventional Purchase 5.64% 10/13/24
15 Year Conventional Refi 6.22% 10/13/24
15 Year Cash-out Refi 6.22% 10/13/24
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 Bank Of The Midwest Mortgage Calculator






Your Estimates

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

This is not an official calculator from First Federal Bank Of The Midwest. 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

6,023

Origination Dollar Volume (All Markets)

$1,500,455,000
Show all (13) awards

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) 563 $201,745,000 $358,339 $4,444 4.54%
COLUMBUS, OH (FHA|USDA|VA) 226 $184,880,000 $818,053 $4,327 4.23%
TOLEDO, OH (FHA|USDA|VA) 659 $124,825,000 $189,416 $3,276 4.79%
AKRON, OH (FHA|USDA|VA) 291 $115,415,000 $396,615 $3,894 4.70%
MORGANTOWN, WV (FHA|USDA|VA) 345 $97,615,000 $282,942 $4,266 4.13%
PITTSBURGH, PA (FHA|USDA|VA) 227 $85,085,000 $374,824 $5,696 4.29%
Outside of Metro Areas 597 $81,485,000 $136,491 $2,911 4.74%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 621 $75,505,000 $121,586 $2,622 4.70%
Findlay, OH (FHA|USDA|VA) 319 $58,755,000 $184,185 $3,537 4.66%
ANN ARBOR, MI (FHA|USDA|VA) 109 $38,905,000 $356,927 $3,613 4.61%
FORT WAYNE, IN (FHA|USDA|VA) 66 $37,430,000 $567,121 $2,859 5.10%
CANTON-MASSILLON, OH (FHA|USDA|VA) 145 $35,745,000 $246,517 $3,806 4.55%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 94 $29,730,000 $316,277 $4,300 4.45%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 48 $26,130,000 $544,375 $3,385 4.62%
Adrian, MI (FHA|USDA|VA) 179 $24,745,000 $138,240 $2,502 4.66%
Salem, OH (FHA|USDA|VA) 229 $22,765,000 $99,410 $1,874 4.72%
Marion, OH (FHA|USDA|VA) 138 $18,940,000 $137,246 $3,147 4.84%
Defiance, OH (FHA|USDA|VA) 162 $16,800,000 $103,704 $2,862 4.95%
MONROE, MI (FHA|USDA|VA) 43 $16,405,000 $381,512 $3,145 4.97%
Clarksburg, WV (FHA|USDA|VA) 56 $12,810,000 $228,750 $3,904 4.36%
LIMA, OH (FHA|USDA|VA) 100 $11,520,000 $115,200 $2,923 4.90%
Fairmont, WV (FHA|USDA|VA) 54 $9,980,000 $184,815 $4,119 4.28%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $8,815,000 $2,938,333 $5,270 4.84%
LOUISVILLE, KY (FHA|USDA|VA) 19 $8,345,000 $439,211 $4,064 4.73%
Sandusky, OH (FHA|USDA|VA) 32 $6,700,000 $209,375 $3,631 4.43%
Tiffin, OH (FHA|USDA|VA) 59 $6,545,000 $110,932 $2,726 4.59%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 25 $6,365,000 $254,600 $3,128 4.52%
Wooster, OH (FHA|USDA|VA) 24 $5,960,000 $248,333 $5,355 4.89%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 12 $5,780,000 $481,667 $4,728 4.40%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 21 $5,425,000 $258,333 $4,264 4.15%
Norwalk, OH (FHA|USDA|VA) 61 $5,275,000 $86,475 $1,875 4.89%
Fremont, OH (FHA|USDA|VA) 37 $4,845,000 $130,946 $2,721 4.70%
Ashtabula, OH (FHA|USDA|VA) 23 $4,405,000 $191,522 $4,224 4.80%
Ashland, OH (FHA|USDA|VA) 31 $4,125,000 $133,065 $4,071 4.53%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $3,780,000 $315,000 $4,505 4.21%
JACKSON, MI (FHA|USDA|VA) 16 $3,780,000 $236,250 $3,301 5.03%
New Castle, PA (FHA|USDA|VA) 16 $3,760,000 $235,000 $4,995 4.32%
Angola, IN (FHA|USDA|VA) 15 $3,685,000 $245,667 $2,804 4.57%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 10 $3,410,000 $341,000 $4,527 4.14%
Van Wert, OH (FHA|USDA|VA) 33 $3,155,000 $95,606 $2,734 4.85%
Bellefontaine, OH (FHA|USDA|VA) 10 $3,030,000 $303,000 $4,192 4.40%
WHEELING, WV-OH (FHA|USDA|VA) 11 $2,895,000 $263,182 $5,468 4.51%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $2,650,000 $441,667 $7,241 3.44%
Bucyrus-Galion, OH (FHA|USDA|VA) 6 $2,590,000 $431,667 $3,929 5.15%
Coldwater, MI (FHA|USDA|VA) 11 $2,495,000 $226,818 $3,102 4.32%
Hillsdale, MI (FHA|USDA|VA) 24 $2,460,000 $102,500 $2,483 4.61%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $2,425,000 $808,333 $12,973 4.38%
DAYTON-KETTERING, OH (FHA|USDA|VA) 8 $2,260,000 $282,500 $4,054 4.32%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $2,255,000 $451,000 $4,473 4.65%
MANSFIELD, OH (FHA|USDA|VA) 17 $2,235,000 $131,471 $2,680 4.64%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 6 $2,110,000 $351,667 $5,820 3.75%
SPRINGFIELD, OH (FHA|USDA|VA) 5 $2,095,000 $419,000 $5,004 4.67%
JOHNSTOWN, PA (FHA|USDA|VA) 6 $1,950,000 $325,000 $6,371 3.15%
Somerset, PA (FHA|USDA|VA) 8 $1,840,000 $230,000 $4,220 4.42%
New Castle, IN (FHA|USDA|VA) 4 $1,650,000 $412,500 $5,859 4.75%
MUNCIE, IN (FHA|USDA|VA) 5 $1,555,000 $311,000 $3,877 4.10%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 6 $1,450,000 $241,667 $3,903 4.75%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 6 $1,290,000 $215,000 $4,347 4.08%
BLOOMINGTON, IN (FHA|USDA|VA) 5 $1,215,000 $243,000 $2,251 4.30%
Kendallville, IN (FHA|USDA|VA) 3 $1,195,000 $398,333 $439 5.65%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,155,000 $385,000 $4,218 4.33%
Indiana, PA (FHA|USDA|VA) 4 $1,140,000 $285,000 $5,399 4.22%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $1,120,000 $560,000 $4,238 5.75%
CHARLESTON, WV (FHA|USDA|VA) 5 $1,095,000 $219,000 $5,362 4.53%
COLUMBUS, IN (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,648 3.63%
ERIE, PA (FHA|USDA|VA) 2 $1,060,000 $530,000 $5,223 4.75%
Zanesville, OH (FHA|USDA|VA) 3 $1,015,000 $338,333 $6,105 3.71%
Frankfort, IN (FHA|USDA|VA) 3 $995,000 $331,667 $4,305 4.46%
Marietta, OH (FHA|USDA|VA) 4 $990,000 $247,500 $4,305 4.37%
Crawfordsville, IN (FHA|USDA|VA) 3 $975,000 $325,000 $4,563 3.92%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $970,000 $485,000 $3,514 4.43%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 6 $970,000 $161,667 $2,094 3.93%
Urbana, OH (FHA|USDA|VA) 3 $965,000 $321,667 $3,998 4.91%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $955,000 $318,333 $4,173 3.96%
Key West, FL (FHA|USDA|VA) 2 $920,000 $460,000 $3,598 5.68%
Elkins, WV (FHA|USDA|VA) 4 $850,000 $212,500 $3,748 4.62%
BECKLEY, WV (FHA|USDA|VA) 2 $840,000 $420,000 $5,490 3.63%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $745,000 $149,000 $2,969 4.77%
Coshocton, OH (FHA|USDA|VA) 3 $725,000 $241,667 $5,430 5.33%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $665,000 $221,667 $2,095 4.50%
TERRE HAUTE, IN (FHA|USDA|VA) 2 $650,000 $325,000 $6,027 4.81%
Warsaw, IN (FHA|USDA|VA) 3 $645,000 $215,000 $2,408 6.13%
ALTOONA, PA (FHA|USDA|VA) 1 $645,000 $645,000 $8,006 3.13%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $635,000 $211,667 $4,100 4.54%
Scottsburg, IN (FHA|USDA|VA) 2 $570,000 $285,000 $4,819 4.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $555,000 $185,000 $3,817 4.67%
PANAMA CITY, FL (FHA|USDA|VA) 2 $530,000 $265,000 $3,838 3.56%
Auburn, IN (FHA|USDA|VA) 4 $530,000 $132,500 $2,689 5.44%
Wapakoneta, OH (FHA|USDA|VA) 8 $520,000 $65,000 $1,462 4.93%
GAINESVILLE, FL (FHA|USDA|VA) 2 $520,000 $260,000 $1,668 3.87%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $510,000 $255,000 $4,652 4.81%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $495,000 $495,000 $6,062 3.38%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $490,000 $245,000 $5,403 4.56%
THE VILLAGES, FL (FHA|USDA|VA) 2 $480,000 $240,000 $3,905 4.81%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $480,000 $240,000 $6,265 5.06%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $475,000 $475,000 $6,903 4.25%
Georgetown, SC (FHA|USDA|VA) 1 $455,000 $455,000 $4,963 3.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $455,000 $455,000 $4,631 3.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $445,000 $445,000 $4,106 3.38%
Frankfort, KY (FHA|USDA|VA) 1 $415,000 $415,000 $5,306 3.25%
Greenwood, SC (FHA|USDA|VA) 1 $385,000 $385,000 $5,076 3.38%
Marion, IN (FHA|USDA|VA) 2 $380,000 $190,000 $4,810 4.81%
Peru, IN (FHA|USDA|VA) 2 $380,000 $190,000 $3,490 4.81%
Mount Vernon, OH (FHA|USDA|VA) 1 $365,000 $365,000 $5,255 4.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $360,000 $180,000 $1,353 4.50%
Mount Sterling, KY (FHA|USDA|VA) 1 $355,000 $355,000 $5,584 4.88%
CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $350,000 $175,000 $4,061 5.13%
Richmond, IN (FHA|USDA|VA) 1 $345,000 $345,000 $4,605 3.63%
Big Rapids, MI (FHA|USDA|VA) 1 $315,000 $315,000 $3,209 3.50%
OWENSBORO, KY (FHA|USDA|VA) 1 $315,000 $315,000 $5,263 5.00%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $315,000 $315,000 $3,641 2.63%
Lewisburg, PA (FHA|USDA|VA) 1 $315,000 $315,000 $4,682 4.88%
North Vernon, IN (FHA|USDA|VA) 2 $310,000 $155,000 $2,898 5.56%
Mount Pleasant, MI (FHA|USDA|VA) 2 $310,000 $155,000 $1,860 5.31%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,562 2.38%
Seymour, IN (FHA|USDA|VA) 1 $295,000 $295,000 $4,750 3.13%
Bluefield, WV-VA (FHA|USDA|VA) 1 $285,000 $285,000 $4,691 3.75%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $225,000 $225,000 $5,982 5.25%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,189 2.88%
Celina, OH (FHA|USDA|VA) 1 $205,000 $205,000 $3,699 4.63%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,812 3.38%
Morehead City, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,360 6.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,132 2.88%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $145,000 $145,000 $4,247 4.88%
Decatur, IN (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $95,000 $95,000 $5,785 2.25%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,688 5.00%
Traverse City, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.25%
OCALA, FL (FHA|USDA|VA) 1 $85,000 $85,000 $3,227 5.38%
FLINT, MI (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.13%
Sidney, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $55,000 $55,000 $439 3.99%
Athens, OH (FHA|USDA|VA) 1 $15,000 $15,000 $724 4.74%
First Federal Bank Of The Midwest's top markets include Cleveland, Columbus, Toledo, Akron, and Morgantown among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Similar Lenders

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

    FAIRMONT
    Similarity Rank: 24
    First National Bank of Bellevue
    Similarity Rank: 36
    First Bank of Berne
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    Liberty National Bank
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    TRI BORO
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,696 $1,354,670,000 $288,473 $3,494 4.59%
    HELOC 1,177 $113,645,000 $96,555 n/a 4.70%
    FHA 97 $20,435,000 $210,670 $7,556 4.78%
    VA 31 $8,205,000 $264,677 $8,229 4.62%
    USDA 22 $3,500,000 $159,091 $5,307 4.63%

    For 2022, First Federal Bank Of The Midwest's most frequently originated type of loan was Conventional, with 4,696 originations. Their 2nd most popular type was HELOC, with 1,177 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,614 $1,094,110,000 $302,742 $4,145 4.60%
    Home Improvement 1,041 $131,895,000 $126,700 $1,072 4.85%
    Refi 913 $205,805,000 $225,416 $1,917 4.52%
    Cash Out Refi 300 $54,200,000 $180,667 $3,570 4.18%
    Other 155 $14,445,000 $93,194 $2,261 4.77%

    For 2022, First Federal Bank Of The Midwest's most frequently cited loan purpose was Home Purchase, with 3,614 originations. The 2nd most popular reason was Home Improvement, with 1,041 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,581 $534,835,000 $207,220 $3,760 4.70%
    20 Year 1,266 $127,520,000 $100,727 $3,273 4.67%
    30+ year 1,029 $390,665,000 $379,655 $5,097 4.38%
    15 Year 633 $70,655,000 $111,619 $1,793 4.42%
    10 Year 357 $221,085,000 $619,286 $923 4.90%
    5 Year 84 $48,340,000 $575,476 $561 5.04%
    Other 63 $85,765,000 $1,361,349 $3,368 3.52%
    3 Year 8 $20,760,000 $2,595,000 $459 6.26%
    1 Year 2 $830,000 $415,000 $1,761 6.75%

    For 2022, First Federal Bank Of The Midwest's most frequently cited loan duration was 30 Year, with 2,581 originations. The 2nd most popular length was 20 Year, with 1,266 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,721 $491,595,000 $180,667
    $1k-2k 1,383 $378,875,000 $273,952
    $2k-3k 217 $69,365,000 $319,654
    $3k-4k 77 $26,965,000 $350,195
    $5k+ 64 $35,380,000 $552,813
    $4k-5k 34 $14,490,000 $426,176

    First Federal Bank Of The Midwest's average total fees were $3,760, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,721 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,932 $471,550,000 $244,073
    4-5% 1,413 $502,695,000 $355,764
    5-6% 1,366 $273,890,000 $200,505
    6-7% 571 $91,195,000 $159,711
    2.5-3% 451 $110,765,000 $245,599
    7-8% 190 $29,280,000 $154,105
    <2.5% 89 $18,255,000 $205,112
    Over 8% 11 $2,825,000 $256,818

    During 2022, First Federal Bank Of The Midwest's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 3-4%, with 1,932 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,997 $111,065,000 $55,616 $1,687 4.73%
    $100k-200k 1,746 $248,930,000 $142,572 $3,158 4.61%
    $200k-400k 1,530 $419,340,000 $274,078 $4,531 4.64%
    $400k-600k 453 $217,675,000 $480,519 $5,711 4.28%
    $600k-1MM 201 $144,475,000 $718,781 $6,117 4.20%
    $1MM+ 96 $358,970,000 $3,739,271 $10,770 4.29%

    2022 saw First Federal Bank Of The Midwest place emphasis on $100,000 or less loans with 1,997 originations, totaling $111,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,301 $270,445,000 $207,875 $3,813 4.55%
    $50k-75k 1,117 $141,065,000 $126,289 $3,174 4.69%
    $50k or less 1,066 $99,420,000 $93,265 $2,963 4.66%
    $75k-100k 875 $132,565,000 $151,503 $3,401 4.72%
    $150k-250k 851 $247,955,000 $291,369 $4,297 4.53%
    $250k+ 512 $244,000,000 $476,563 $4,871 4.33%

    First Federal Bank Of The Midwest lent most frequently to those with incomes in the $100k-150k range, with 1,301 originations. The second most popular income band? $50k-75k, with 1,117 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,449 $259,165,000 $178,858 $3,318 4.55%
    30-36% 1,158 $229,640,000 $198,307 $3,576 4.60%
    <20% 693 $110,855,000 $159,964 $2,882 4.48%
    42% 305 $52,635,000 $172,574 $3,724 4.74%
    40% 249 $51,905,000 $208,454 $3,906 4.62%
    39% 226 $48,920,000 $216,460 $3,869 4.73%
    41% 223 $41,925,000 $188,004 $3,708 4.72%
    37% 213 $41,235,000 $193,592 $3,618 4.73%
    38% 203 $44,645,000 $219,926 $4,034 4.80%
    36% 177 $39,675,000 $224,153 $3,888 4.66%
    43% 166 $39,360,000 $237,108 $4,077 4.58%
    44% 162 $41,250,000 $254,630 $4,145 4.57%
    45% 117 $32,405,000 $276,966 $4,564 4.44%
    46% 93 $21,115,000 $227,043 $4,085 4.67%
    47% 93 $26,365,000 $283,495 $4,208 4.62%
    49% 91 $22,955,000 $252,253 $4,094 4.69%
    48% 79 $25,335,000 $320,696 $4,554 4.62%
    >60% 51 $3,855,000 $75,588 $578 4.42%
    50-60% 28 $6,620,000 $236,429 $5,310 4.54%

    First Federal Bank Of The Midwest lent most frequently to those with DTI ratios of 20-30%, with 1,449 originations. The next most common DTI ratio? 30-36%, with 1,158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,234 $1,025,690,000 $195,967 $3,623 4.61%
    Not applicable 210 $351,740,000 $1,674,952 $0 4.97%
    Not provided 284 $56,760,000 $199,859 $3,360 4.45%
    Black 182 $34,770,000 $191,044 $3,801 4.75%
    Asian 91 $26,815,000 $294,670 $3,863 4.52%
    American Indian 12 $2,330,000 $194,167 $3,049 4.68%
    Native Hawaiian or Islander 5 $1,425,000 $285,000 $4,231 4.92%
    Other Asian 3 $465,000 $155,000 $3,188 4.66%
    Asian Indian 2 $460,000 $230,000 $4,750 4.81%

    Approval Rates

    Total approvals of all applications
    87.09%

    First Federal Bank Of The Midwest has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.85%

    First Federal Bank Of The Midwest has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,023 $1,500,455,000 $249,121

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,023 $1,500,455,000 $249,121

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,159 $136,945,000 $118,158 $1,662 4.46%
    40-60% 910 $225,870,000 $248,209 $3,244 4.48%
    60-80% 1,268 $493,140,000 $388,912 $4,218 4.68%
    80-100% 1,968 $604,000,000 $306,911 $4,608 4.62%
    Over 100% 14 $4,250,000 $303,571 $10,367 4.58%
    Under 20% 700 $35,660,000 $50,943 $886 4.92%

    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%