Warsaw Federal Savings And Loan Association Mortgage Rates, Fees & Info
Cincinnati, OHLEI: 549300LUF8JLB9HKT321
Tax ID: 31-0481480
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Mortgage Data
Review & Overview
Warsaw Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Warsaw Federal Savings And Loan Association 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.) Their top markets by origination volume include: Cincinnati, Chicago, Jacksonville, Charleston, and Boston among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)Warsaw Federal Savings And Loan Association 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. Warsaw Federal Savings And Loan Association 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.96% | 5/9/25 |
| 30 Year Conventional Refi | 7.12% | 5/9/25 |
| 30 Year Cash-out Refi | 6.90% | 5/9/25 |
| 30 Year FHA Purchase | 6.98% | 5/9/25 |
| 30 Year VA Purchase | 6.73% | 5/9/25 |
| 30 Year USDA Purchase | 6.72% | 5/9/25 |
| 15 Year Conventional Purchase | 6.18% | 5/9/25 |
| 15 Year Conventional Refi | 6.38% | 5/9/25 |
| 15 Year Cash-out Refi | 6.38% | 5/9/25 |
| 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. | ||
Warsaw Federal Savings And Loan Association Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
274Origination Dollar Volume (All Markets)
$86,180,000Relative Rate
Warsaw Federal Savings And Loan Association's average 30 year fixed mortgage rate was
6.81%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.26%.
Relative Fees (Closing Costs)
Warsaw Federal Savings And Loan Association's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,566.
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 $8,356.
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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 200 | $62,310,000 | $311,550 | $4,220 | 6.70% |
| Outside of Metro Areas | 6 | $2,380,000 | $396,667 | $5,948 | 7.04% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $1,605,000 | $535,000 | $4,770 | 6.59% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $6,431 | 6.58% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $5,787 | 6.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $5,710 | 7.55% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $4,293 | 6.88% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $6,391 | 6.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $4,795 | 6.85% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $8,447 | 6.94% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $4,981 | 7.23% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $4,982 | 6.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $9,894 | 7.95% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,223 | 6.57% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $12,620 | 6.78% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,759 | 6.72% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,924 | 7.83% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $7,792 | 6.63% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $6,645 | 6.50% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,834 | 6.86% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 6 | $450,000 | $75,000 | $4,086 | 6.95% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $3,802 | 7.69% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,600 | 7.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,929 | 6.95% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,500 | 7.05% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,655 | 6.98% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,667 | 7.58% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,101 | 6.33% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,860 | 7.63% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,015 | 7.26% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,312 | 6.70% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,213 | 6.60% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,928 | 6.99% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,659 | 7.13% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,919 | 6.70% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $4,497 | 7.35% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,288 | 6.35% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,844 | 6.95% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $4,053 | 7.62% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,341 | 7.25% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,298 | 6.45% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,079 | 6.53% |
| OCALA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,857 | 7.30% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,124 | 6.58% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,717 | 6.85% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,913 | 6.40% |
Similar Lenders
We use machine learning to identify the top lenders compared against Warsaw Federal Savings and Loan Association 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 260 | $83,130,000 | $319,731 | $4,323 | 6.81% |
| FHA | 10 | $1,880,000 | $188,000 | $7,143 | 6.15% |
| VA | 4 | $1,170,000 | $292,500 | $9,661 | 6.53% |
For 2024, Warsaw Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 260 originations. Their 2nd most popular type was FHA, with 10 originations.
Loan Reason
For 2024, Warsaw Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 243 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
For 2024, Warsaw Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 251 originations. The 2nd most popular length was 15 Year, with 20 originations.
Origination Fees/Closing Costs
Warsaw Federal Savings And Loan Association's average total fees were $4,566, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 167 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 187 | $60,665,000 | $324,412 |
| 7-8% | 77 | $21,975,000 | $285,390 |
| 5-6% | 8 | $3,400,000 | $425,000 |
| Over 8% | 2 | $140,000 | $70,000 |
During 2024, Warsaw Federal Savings And Loan Association's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 187 originations.
Loan Sizing
2024 saw Warsaw Federal Savings And Loan Association place emphasis on $200k-400k loans with 98 originations, totaling $26,870,000 in origination value.
Applicant Income
Warsaw Federal Savings And Loan Association lent most frequently to those with incomes in the $150k-250k range, with 70 originations. The second most popular income band? $250k+, with 56 originations.
Applicant Debt to Income Ratio
Warsaw Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 66 originations. The next most common DTI ratio? 30-36%, with 43 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.80%
Warsaw Federal Savings And Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.28%
Warsaw Federal Savings And Loan Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 274 | $86,180,000 | $314,526 |