First Federal Community Bank Of Bucyrus Mortgage Rates, Fees & Info

Bucyrus, OH

LEI: 549300M2TE26IJQD4W66

Tax ID: 34-4197125

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Mortgage Data

Review & Overview

First Federal Community Bank Of Bucyrus is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First Federal Community Bank Of Bucyrus has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Mansfield, Bucyrus, Cleveland, and Bellefontaine among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal Community Bank Of Bucyrus has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

258

Origination Dollar Volume (All Markets)

$45,210,000

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
COLUMBUS, OH (FHA|USDA|VA) 47 $12,885,000 $274,149 $0 0.00%
MANSFIELD, OH (FHA|USDA|VA) 51 $10,255,000 $201,078 $0 0.00%
Bucyrus-Galion, OH (FHA|USDA|VA) 100 $9,500,000 $95,000 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $2,380,000 $595,000 $0 0.00%
Bellefontaine, OH (FHA|USDA|VA) 10 $2,370,000 $237,000 $0 0.00%
Outside of Metro Areas 8 $1,920,000 $240,000 $0 0.00%
Marion, OH (FHA|USDA|VA) 8 $810,000 $101,250 $0 0.00%
Findlay, OH (FHA|USDA|VA) 6 $760,000 $126,667 $0 0.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $730,000 $365,000 $0 0.00%
TOLEDO, OH (FHA|USDA|VA) 3 $695,000 $231,667 $0 0.00%
Urbana, OH (FHA|USDA|VA) 3 $405,000 $135,000 $0 0.00%
Ashland, OH (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Tiffin, OH (FHA|USDA|VA) 3 $285,000 $95,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
DuBois, PA (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
Washington Court House, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Norwalk, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
First Federal Community Bank Of Bucyrus's top markets include Columbus, Mansfield, Bucyrus, Cleveland, and Bellefontaine among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 258 $45,210,000 $175,233 $0 0.00%

    For 2022, First Federal Community Bank Of Bucyrus's most frequently originated type of loan was Conventional, with 258 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $23,155,000 $197,906 $0 0.00%
    Cash Out Refi 112 $17,190,000 $153,482 $0 0.00%
    Refi 29 $4,865,000 $167,759 $0 0.00%

    For 2022, First Federal Community Bank Of Bucyrus's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Cash Out Refi, with 112 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 258 $45,210,000 $175,233 $0 0.00%

    For 2022, First Federal Community Bank Of Bucyrus's most frequently cited loan duration was Other, with 258 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 124 $6,620,000 $53,387 $0 0.00%
    $100k-200k 63 $9,095,000 $144,365 $0 0.00%
    $200k-400k 48 $13,170,000 $274,375 $0 0.00%
    $400k-600k 10 $4,760,000 $476,000 $0 0.00%
    $600k-1MM 9 $6,285,000 $698,333 $0 0.00%
    $1MM+ 4 $5,280,000 $1,320,000 $0 0.00%

    2022 saw First Federal Community Bank Of Bucyrus place emphasis on $100,000 or less loans with 124 originations, totaling $6,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 48 $3,570,000 $74,375 $0 0.00%
    $50k-75k 40 $4,480,000 $112,000 $0 0.00%
    $100k-150k 36 $5,910,000 $164,167 $0 0.00%
    $75k-100k 29 $4,865,000 $167,759 $0 0.00%
    $150k-250k 18 $4,860,000 $270,000 $0 0.00%
    $250k+ 11 $4,295,000 $390,455 $0 0.00%

    First Federal Community Bank Of Bucyrus lent most frequently to those with incomes in the $50k or less range, with 48 originations. The second most popular income band? $50k-75k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 258 $45,210,000 $175,233 $0 0.00%

    First Federal Community Bank Of Bucyrus lent most frequently to those with DTI ratios of Exempt%, with 258 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 181 $28,065,000 $155,055 $0 0.00%
    Not applicable 72 $16,280,000 $226,111 $0 0.00%
    Black 2 $430,000 $215,000 $0 0.00%
    Not provided 1 $255,000 $255,000 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.25%

    First Federal Community Bank Of Bucyrus has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.06%

    First Federal Community Bank Of Bucyrus has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 258 $45,210,000 $175,233

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    258 $45,210,000 $175,233

    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%