First Federal Savings And Loan Association Of Greene Co Mortgage Rates, Fees & Info

Waynesburg, PA

LEI: 549300OVA1LT74LITG21

Tax ID: 25-0523055

5 stars - out of 5 stars, based on 27 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Federal Savings And Loan Association Of Greene Co is a smaller mortgage company specializing in Refi and Home Purchase loans. First Federal Savings And Loan Association Of Greene Co 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 include Pittsburgh, Morgantown, Fairmont, Clarksburg, and Wheeling among others. First Federal Savings And Loan Association Of Greene Co has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. First Federal Savings And Loan Association Of Greene Co is typically a low fee lendor.


Originations

754

Origination Dollar Volume (All Markets)

$112,940,000

Employee count

124

Awards

First Federal Savings and Loan Association of Greene Co 30 Year Conventional Loans gold First Federal Savings and Loan Association of Greene Co 30 Year Conventional Loans gold First Federal Savings and Loan Association of Greene Co 30 Year Conventional Loans bronze
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Relative Rate

First Federal Savings And Loan Association Of Greene Co's average 30 year fixed rate mortgage of loans were 3.07%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.08%.

Relative Fees

First Federal Savings And Loan Association Of Greene Co's average total fees for a 30 year fixed rate mortgage are $2,850.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PITTSBURGH, PA (FHA|USDA|VA) 436 $63,330,000 $145,252 $2,569 2.95%
Outside of Metro Areas 188 $25,870,000 $137,606 $2,400 3.00%
MORGANTOWN, WV (FHA|USDA|VA) 70 $13,520,000 $193,143 $3,030 2.89%
Fairmont, WV (FHA|USDA|VA) 34 $6,020,000 $177,059 $2,552 2.84%
Clarksburg, WV (FHA|USDA|VA) 20 $3,240,000 $162,000 $2,345 2.92%
WHEELING, WV-OH (FHA|USDA|VA) 3 $405,000 $135,000 $2,768 2.85%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $355,000 $355,000 $3,488 3.05%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,710 3.05%
Somerset, PA (FHA|USDA|VA) 1 $65,000 $65,000 $2,051 2.45%

First Federal Savings And Loan Association Of Greene Co's top markets include Pittsburgh, Morgantown, Fairmont, Clarksburg, and Wheeling among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 743 $112,685,000 $151,662 $2,599 2.92%
FHA 11 $255,000 $23,182 $352 5.15%

For the 2021 period, First Federal Savings And Loan Association Of Greene Co's most frequently originated loan type of loans were Conventional, with 743 originations. Their 2nd most popular type is FHA, with 11 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 376 $61,300,000 $163,032 $2,465 2.83%
Home Purchase 255 $43,395,000 $170,176 $3,463 3.02%
Home Improvement 85 $5,195,000 $61,118 $1,004 3.28%
Other 38 $3,050,000 $80,263 $1,067 2.94%

For the 2021, First Federal Savings And Loan Association Of Greene Co's most frequently cited loan purpose of loans were Refi, with 376 originations. The 2nd most popular reason of loans were Home Purchase, with 255 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
15 Year 268 $28,670,000 $106,978 $1,787 2.79%
30 Year 266 $46,970,000 $176,579 $2,850 3.07%
20 Year 88 $13,970,000 $158,750 $2,421 3.14%
30+ year 53 $15,415,000 $290,849 $6,200 3.06%
10 Year 44 $2,940,000 $66,818 $1,011 2.75%
Other 23 $4,735,000 $205,870 $3,307 2.92%
5 Year 10 $210,000 $21,000 $402 2.87%
3 Year 2 $30,000 $15,000 $346 2.75%

For the 2021, First Federal Savings And Loan Association Of Greene Co's most frequently cited loan length of loans were 15 Year, with 268 originations. The 2nd most popular length of loans were 30 Year, with 266 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 627 $88,225,000 $140,710
$3k-4k 31 $10,145,000 $327,258
$1k-2k 27 $3,915,000 $145,000
$2k-3k 26 $5,860,000 $225,385
$5k+ 4 $1,980,000 $495,000

$2,850 of loans were First Federal Savings And Loan Association Of Greene Co's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 627 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 355 $58,035,000 $163,479
2.5-3% 278 $40,480,000 $145,612
<2.5% 108 $13,980,000 $129,444
4-5% 9 $345,000 $38,333
5-6% 4 $100,000 $25,000

During 2021, First Federal Savings And Loan Association Of Greene Co's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 3-4%, with 355 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 281 $16,615,000 $59,128 $1,363 3.01%
$100k-200k 279 $40,075,000 $143,638 $2,596 2.89%
$200k-400k 175 $47,385,000 $270,771 $3,775 2.94%
$400k-600k 18 $8,170,000 $453,889 $6,850 2.98%
$600k-1MM 1 $695,000 $695,000 $5,457 3.55%

2021 saw First Federal Savings And Loan Association Of Greene Co place emphasis on $100,000 or less loans with 281 originations, totaling $16,615,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 190 $34,180,000 $179,895 $2,860 2.93%
$50k-75k 178 $20,950,000 $117,697 $2,374 2.95%
$75k-100k 159 $21,335,000 $134,182 $2,366 2.99%
$150k-250k 113 $23,095,000 $204,381 $3,057 2.89%
$50k or less 91 $7,635,000 $83,901 $1,872 2.98%
$250k+ 14 $4,350,000 $310,714 $4,430 3.06%

First Federal Savings And Loan Association Of Greene Co lent most frequently to those with incomes in the $100k-150k range, with 190 originations. The second most popular income band? $50k-75k, with 178 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 291 $44,635,000 $153,385 $2,661 2.92%
30-36% 205 $30,645,000 $149,488 $2,534 3.02%
<20% 126 $15,540,000 $123,333 $2,275 2.83%
38% 26 $3,990,000 $153,462 $2,843 3.04%
37% 21 $3,425,000 $163,095 $2,134 2.95%
36% 20 $4,230,000 $211,500 $3,178 2.98%
41% 18 $3,450,000 $191,667 $3,039 3.01%
42% 14 $1,790,000 $127,857 $2,060 3.11%
39% 13 $1,845,000 $141,923 $2,668 3.28%
40% 11 $2,075,000 $188,636 $2,608 2.86%
43% 6 $950,000 $158,333 $2,947 3.25%
45% 1 $225,000 $225,000 $2,996 3.00%
50-60% 1 $115,000 $115,000 $2,239 3.05%

First Federal Savings And Loan Association Of Greene Co lent most frequently to those with DTI ratios of 20-30%, with 291 originations. The next most common DTI ratio? 30-36%, with 205 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 735 $110,685,000 $150,592 $2,560 2.95%
Not provided 9 $875,000 $97,222 $3,965 3.41%
Black 4 $790,000 $197,500 $3,313 2.79%
American Indian 3 $365,000 $121,667 $2,159 2.98%
Native Hawaiian 1 $125,000 $125,000 $2,410 3.05%
Asian 1 $75,000 $75,000 $0 3.45%
Not applicable 1 $25,000 $25,000 $0 2.35%

Approval Rates

Total approvals of all applications
92.32%

First Federal Savings And Loan Association Of Greene Co has an average approval rate.

Pick Rate

Approvals leading to origination
88.35%

First Federal Savings And Loan Association Of Greene Co has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 754 $112,940,000 $149,788

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
754 $112,940,000 $149,788

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 87 $6,885,000 $79,138 $1,316 2.83%
40-60% 87 $12,945,000 $148,793 $2,448 2.81%
60-80% 319 $60,215,000 $188,762 $3,210 2.92%
80-100% 197 $30,815,000 $156,421 $2,870 3.00%
Under 20% 53 $1,825,000 $34,434 $574 2.92%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST AMERICAN FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 3 42.9%
FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
FIRST AMERICAN FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 1 14.3%
FIRST AMERICAN FINANCIAL CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First Federal Savings and Loan Association of Greene Co 101 Locust Ave Ext Mount Morris, PA 15349 Full Service B&M $21,736
First Federal Savings and Loan Association of Greene Co 101 W. George St. Carmichaels, PA 15320 Full Service B&M $65,262
First Federal Savings and Loan Association of Greene Co 25 East High St Waynesburg, PA 15370 Full Service B&M $386,308
First Federal Savings and Loan Association of Greene Co 2980 South Bridge Road Washington, PA 15301 Full Service B&M $35,619
First Federal Savings and Loan Association of Greene Co 460 Washington Road Washington, PA 15301 Full Service B&M $62,055
First Federal Savings and Loan Association of Greene Co Main Street And Beeson Blvd. Uniontown, PA 15401 Full Service B&M $298,322

For 2021, First Federal Savings And Loan Association Of Greene Co had 6 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $26,580
Net interest income $20,152
Total noninterest income $1,709
Gross Fiduciary activities income $0
Service charges on deposit accounts $221
Trading account gains and fees $0
Additional Noninterest Income $1,488
Pre-tax net operating income $3,360
Securities gains (or losses, -) $-34
Income before extraordinary items $2,614
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $2,614
Minority interest net income $0
Net income $2,614
Sale, conversion, retirement of capital stock, net $0
Net operating income $2,640

First Federal Savings And Loan Association Of Greene Co's gross interest income from loans was $26,580,000.
First Federal Savings And Loan Association Of Greene Co's net interest income from loans was $20,152,000.
First Federal Savings And Loan Association Of Greene Co's fee based income from loans was $221,000.
First Federal Savings And Loan Association Of Greene Co's net income from loans was $2,614,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $6,428
Provision for credit losses $28
Total noninterest expense $18,473
Salaries and employee benefits $11,873
Premises and equipment expense $2,151
Additional noninterest expense $4,449
Applicable income taxes $712
Net charge-offs $28
Cash dividends $0

First Federal Savings And Loan Association Of Greene Co's interest expense for loans was $6,428,000.
First Federal Savings And Loan Association Of Greene Co's payroll and benefits expense were $11,873,000.
First Federal Savings And Loan Association Of Greene Co's property, plant and equipment expenses $2,151,000.

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 2.0%
Credit card loans 0.0%
Other individual loans 2.0%
Auto loans 0.0%
Other consumer loans 2.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $893,371
Deposits held in domestic offices $893,371
Deposits by Individuals, partnerships, and corporations $879,849
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $9,943
Deposits by Commercial banks and other depository institutions in U.S. $3,579
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $192,349
Demand deposits $32,324
Nontransaction accounts $701,022
Money market deposit accounts (MMDAs) $26,709
Other savings deposits (excluding MMDAs) $354,829
Total time deposits $319,484
Total time and savings deposits $861,047
Noninterest-bearing deposits $32,324
Interest-bearing deposits $861,047
Retail deposits $808,728
IRAs and Keogh plan accounts $106,718
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,042,107
Cash & Balances due from depository institutions $197,725
Interest-bearing balances $189,985
Total securities $171,327
Federal funds sold & reverse repurchase $0
Net loans and leases $633,253
Loan and leases loss allowance $1,750
Trading account assets $0
Bank premises and fixed assets $11,994
Other real estate owned $556
Goodwill and other intangibles $0
All other assets $27,252

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,042,107
Total Liabilities $901,092
Total deposits $893,371
Interest-bearing deposits $861,047
Deposits held in domestic offices $893,371
% insured (estimated) $88
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $7,721

Issued Loan Types

Type Value (in 000's)
Net loans and leases $633,253
Loan and leases loss allowance $1,750
Total loans and leases (domestic) $635,003
All real estate loans $631,806
Real estate loans in domestic offices $631,806
Construction and development loans $9,362
Residential 1-4 family construction $6,337
Other construction, all land development and other land $3,025
Loans secured by nonfarm nonresidential properties $5,079
Nonfarm nonresidential secured by owner-occupied properties $0
Commercial real estate & other non-farm, non-residential $5,079
Multifamily residential real estate $0
1-4 family residential loans $617,365
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 $3,190
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $3,190
All other loans & leases $7
Loans to foreign governments and official institutions $0
Other loans $7
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 $373
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

First Federal Savings and Loan Association of Greene Co had $633,253,000 of loans outstanding in 2021. $631,806,000 of loans were in real estate loans. $9,362,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $617,365,000 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 20 $3,248 $162,400
Nonfarm, nonresidential loans - <$100k 7 $290 $41,429
Nonfarm, nonresidential loans - $100-250k 7 $747 $106,714
Nonfarm, nonresidential loans - $250k-1MM 6 $2,211 $368,500