Warsaw Federal Savings And Loan Association Mortgage Rates, Fees & Info

Cincinnati, OH

LEI: 549300LUF8JLB9HKT321

Tax ID: 31-0481480

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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 high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Cincinnati, Dayton, Springfield, Greenville, and Sidney among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Warsaw Federal Savings And Loan Association 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. 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 6.26% 12/3/24
    30 Year Conventional Refi 6.11% 12/3/24
    30 Year Cash-out Refi 6.77% 12/3/24
    30 Year FHA Purchase 7.49% 12/3/24
    30 Year VA Purchase 5.97% 12/3/24
    15 Year Conventional Purchase 6.08% 12/3/24
    15 Year Conventional Refi 5.84% 12/3/24
    15 Year Cash-out Refi 5.84% 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.

    Warsaw Federal Savings And Loan Association Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Warsaw Federal Savings And Loan Association. 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

    121

    Origination Dollar Volume (All Markets)

    $17,525,000

    Employee count

    19

    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) 61 $9,755,000 $159,918 $4,382 4.41%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 48 $6,120,000 $127,500 $4,702 4.57%
    SPRINGFIELD, OH (FHA|USDA|VA) 5 $675,000 $135,000 $3,361 4.48%
    Greenville, OH (FHA|USDA|VA) 4 $440,000 $110,000 $5,471 5.22%
    Sidney, OH (FHA|USDA|VA) 1 $225,000 $225,000 $7,439 5.13%
    TOLEDO, OH (FHA|USDA|VA) 1 $185,000 $185,000 $2,439 4.00%
    Outside of Metro Areas 1 $125,000 $125,000 $3,506 4.75%
    Warsaw Federal Savings And Loan Association's top markets include Cincinnati, Dayton, Springfield, Greenville, and Sidney among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • 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.

    The North Side Bank & Trust Company
    Similarity Rank: 55
    CINFED Federal Credit Union
    Similarity Rank: 162
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    Similarity Rank: 218
    POINT BREEZE
    Similarity Rank: 270
    KH NETWORK CREDIT UNION
    Similarity Rank: 304
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 444
    APL
    Similarity Rank: 605
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 612
    EDUCATIONAL SYSTEMS
    Similarity Rank: 714
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 716

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $10,230,000 $150,441 $3,380 4.38%
    FHA 43 $5,575,000 $129,651 $5,772 4.76%
    VA 8 $1,510,000 $188,750 $7,335 4.19%
    USDA 2 $210,000 $105,000 $4,156 4.81%

    For 2019, Warsaw Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 68 originations. Their 2nd most popular type was FHA, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 99 $13,665,000 $138,030 $4,815 4.60%
    Refi 17 $3,295,000 $193,824 $3,188 4.06%
    Cash Out Refi 3 $375,000 $125,000 $2,791 4.67%
    Home Improvement 2 $190,000 $95,000 $2,880 3.50%

    For 2019, Warsaw Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 108 $15,500,000 $143,519 $4,670 4.56%
    15 Year 9 $1,255,000 $139,444 $3,044 3.65%
    20 Year 3 $715,000 $238,333 $4,139 4.83%
    5 Year 1 $55,000 $55,000 $883 5.00%

    For 2019, Warsaw Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 108 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 90 $12,630,000 $140,333
    $2k-3k 16 $2,450,000 $153,125
    $<1k 11 $1,445,000 $131,364
    $3k-4k 2 $470,000 $235,000
    $4k-5k 1 $175,000 $175,000
    $5k+ 1 $355,000 $355,000

    Warsaw Federal Savings And Loan Association's average total fees were $4,670, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 90 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 73 $9,545,000 $130,753
    3-4% 28 $4,960,000 $177,143
    5-6% 20 $3,020,000 $151,000

    During 2019, Warsaw Federal Savings And Loan Association's average interest rate for loans was 4.56%, while their most frequently originated rate bucket for loans was 4-5%, with 73 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 68 $9,390,000 $138,088 $4,519 4.49%
    $100,000 or less 33 $2,585,000 $78,333 $3,556 4.66%
    $200k-400k 19 $5,095,000 $268,158 $6,147 4.34%
    $400k-600k 1 $455,000 $455,000 $3,576 4.00%

    2019 saw Warsaw Federal Savings And Loan Association place emphasis on $100k-200k loans with 68 originations, totaling $9,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $4,165,000 $106,795 $4,041 4.62%
    $50k-75k 35 $4,985,000 $142,429 $5,064 4.65%
    $100k-150k 21 $3,955,000 $188,333 $5,191 4.26%
    $75k-100k 16 $2,190,000 $136,875 $3,971 4.54%
    $150k-250k 8 $1,760,000 $220,000 $3,676 4.13%
    $250k+ 1 $345,000 $345,000 $4,707 3.38%

    Warsaw Federal Savings And Loan Association lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 25 $3,235,000 $129,400 $3,999 4.53%
    20-30% 22 $2,760,000 $125,455 $3,906 4.23%
    <20% 10 $1,210,000 $121,000 $2,982 4.20%
    41% 7 $915,000 $130,714 $4,148 4.82%
    50-60% 7 $1,135,000 $162,143 $6,574 4.86%
    46% 7 $1,125,000 $160,714 $6,533 4.52%
    42% 6 $850,000 $141,667 $5,236 4.79%
    39% 6 $730,000 $121,667 $4,188 4.38%
    40% 4 $860,000 $215,000 $4,447 4.16%
    36% 4 $410,000 $102,500 $4,312 4.44%
    45% 4 $750,000 $187,500 $4,481 4.66%
    44% 3 $385,000 $128,333 $5,602 5.25%
    49% 3 $455,000 $151,667 $4,927 4.63%
    38% 3 $815,000 $271,667 $5,265 4.63%
    >60% 2 $610,000 $305,000 $5,151 4.88%
    43% 2 $410,000 $205,000 $7,125 4.38%
    37% 2 $310,000 $155,000 $4,803 4.13%
    48% 2 $360,000 $180,000 $4,841 5.19%
    47% 1 $75,000 $75,000 $4,246 5.13%

    Warsaw Federal Savings And Loan Association lent most frequently to those with DTI ratios of 30-36%, with 25 originations. The next most common DTI ratio? 20-30%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 109 $15,735,000 $144,358 $4,555 4.49%
    Black 7 $1,055,000 $150,714 $3,982 4.63%
    Asian 5 $735,000 $147,000 $4,127 4.75%

    Approval Rates

    Total approvals of all applications
    86.77%

    Warsaw Federal Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.12%

    Warsaw Federal Savings And Loan Association 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 121 $17,525,000 $144,835

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $175,000 $175,000
    Single Family (1-4 Units):Site-Built 120 $17,350,000 $144,583

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $110,000 $55,000 $1,853 4.19%
    40-60% 8 $1,260,000 $157,500 $3,486 4.27%
    60-80% 16 $2,890,000 $180,625 $3,085 4.21%
    80-100% 92 $12,890,000 $140,109 $4,860 4.58%
    Over 100% 3 $375,000 $125,000 $5,674 4.67%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Warsaw Federal Savings and Loan Association 3533 Warsaw Ave Cincinnati, OH 45205 Full Service B&M $31,176
    Warsaw Federal Savings and Loan Association 6570 Gracely Drive Cincinnati, OH 45233 Full Service B&M $16,926

    For 2019, Warsaw Federal Savings And Loan Association had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $2,127
    Net interest income $1,416
    Total noninterest income $1,030
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $50
    Trading account gains and fees $0
    Additional Noninterest Income $980
    Pre-tax net operating income $-1,102
    Securities gains (or losses, -) $0
    Income before extraordinary items $-887
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-887
    Minority interest net income $0
    Net income $-887
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-887

    Warsaw Federal Savings And Loan Association's gross interest income from loans was $2,127,000.
    Warsaw Federal Savings And Loan Association's net interest income from loans was $1,416,000.
    Warsaw Federal Savings And Loan Association's fee based income from loans was $50,000.
    Warsaw Federal Savings And Loan Association's net income from loans was $-887,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $711
    Provision for credit losses $0
    Total noninterest expense $3,548
    Salaries and employee benefits $1,756
    Premises and equipment expense $321
    Additional noninterest expense $1,471
    Applicable income taxes $-215
    Net charge-offs $0
    Cash dividends $0

    Warsaw Federal Savings And Loan Association's interest expense for loans was $711,000.
    Warsaw Federal Savings And Loan Association's payroll and benefits expense were $1,756,000.
    Warsaw Federal Savings And Loan Association's property, plant and equipment expenses $321,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $48,036
    Deposits held in domestic offices $48,036
    Deposits by Individuals, partnerships, and corporations $48,036
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $5,315
    Demand deposits $485
    Nontransaction accounts $42,721
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $10,782
    Total time deposits $31,940
    Total time and savings deposits $47,551
    Noninterest-bearing deposits $485
    Interest-bearing deposits $47,551
    Retail deposits $44,557
    IRAs and Keogh plan accounts $8,234
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $55,445
    Cash & Balances due from depository institutions $10,193
    Interest-bearing balances $9,859
    Total securities $11,542
    Federal funds sold & reverse repurchase $0
    Net loans and leases $30,705
    Loan and leases loss allowance $520
    Trading account assets $0
    Bank premises and fixed assets $273
    Other real estate owned $0
    Goodwill and other intangibles $51
    All other assets $2,681

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $55,445
    Total Liabilities $48,273
    Total deposits $48,036
    Interest-bearing deposits $47,551
    Deposits held in domestic offices $48,036
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $237

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $30,705
    Loan and leases loss allowance $520
    Total loans and leases (domestic) $31,225
    All real estate loans $31,204
    Real estate loans in domestic offices $31,204
    Construction and development loans $18
    Residential 1-4 family construction $0
    Other construction, all land development and other land $18
    Loans secured by nonfarm nonresidential properties $554
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $554
    Multifamily residential real estate $208
    1-4 family residential loans $30,424
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $21
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $21
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $587
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Warsaw Federal Savings and Loan Association had $30,705,000 of loans outstanding in 2019. $31,204,000 of loans were in real estate loans. $18,000 of loans were in development loans. $208,000 of loans were in multifamily mortgage loans. $30,424,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 7 $554 $79,143
    Nonfarm, nonresidential loans - <$100k 4 $205 $51,250
    Nonfarm, nonresidential loans - $100-250k 3 $349 $116,333