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

Waynesburg, PA

LEI: 549300OVA1LT74LITG21

Tax ID: 25-0523055

5 stars - Updated: 11/17/24 - out of 5 stars, based on 21 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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)

    • Review & Overview

    First Federal Savings And Loan Association Of Greene Co is a smaller mortgage company specializing in 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 by origination volume include: Pittsburgh, Morgantown, Clarksburg, Fairmont, and Somerset among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Federal Savings And Loan Association Of Greene Co 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. First Federal Savings And Loan Association Of Greene Co 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 relatively high 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 5.73% 11/17/24
    30 Year Conventional Refi 5.51% 11/17/24
    30 Year VA Purchase 5.88% 11/17/24
    15 Year Conventional Purchase 5.24% 11/17/24
    15 Year Conventional Refi 5.15% 11/17/24
    15 Year Cash-out Refi 5.15% 11/17/24
    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 Savings And Loan Association Of Greene Co Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First Federal Savings And Loan Association Of Greene Co. 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

    459

    Origination Dollar Volume (All Markets)

    $61,545,000
    Show all (8) awards

    Relative Rate

    First Federal Savings And Loan Association Of Greene Co's average 30 year fixed mortgage rate was 6.23%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.25%.

    Relative Fees (Closing Costs)

    First Federal Savings And Loan Association Of Greene Co's average total fees/closing costs for a 30 year fixed rate mortgage were $2,912.

    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 $9,089.

    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
    PITTSBURGH, PA (FHA|USDA|VA) 239 $31,345,000 $131,151 $2,224 6.07%
    Outside of Metro Areas 118 $13,430,000 $113,814 $1,969 6.06%
    MORGANTOWN, WV (FHA|USDA|VA) 60 $9,930,000 $165,500 $2,683 6.03%
    Clarksburg, WV (FHA|USDA|VA) 23 $4,115,000 $178,913 $3,459 6.04%
    Fairmont, WV (FHA|USDA|VA) 17 $2,565,000 $150,882 $2,855 5.94%
    Somerset, PA (FHA|USDA|VA) 1 $105,000 $105,000 $2,309 6.00%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $55,000 $55,000 $1,533 5.60%
    First Federal Savings And Loan Association Of Greene Co's top markets include Pittsburgh, Morgantown, Clarksburg, Fairmont, and Somerset among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)

    • Similar Lenders

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

    FAIRMONT
    Similarity Rank: 21
    TRI BORO
    Similarity Rank: 24
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 105
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 128
    InFirst Bank
    Similarity Rank: 300
    AmeriServ Financial Bank
    Similarity Rank: 384
    City National Bank of West Virginia
    Similarity Rank: 396
    Clear Mountain Bank
    Similarity Rank: 440
    Washington Financial Bank
    Similarity Rank: 510
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 570

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 448 $61,170,000 $136,540 $2,343 6.05%
    FHA 10 $210,000 $21,000 $378 6.17%
    VA 1 $165,000 $165,000 $4,672 6.70%

    For 2023, First Federal Savings And Loan Association Of Greene Co's most frequently originated type of loan was Conventional, with 448 originations. Their 2nd most popular type was FHA, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 218 $44,270,000 $203,073 $3,703 6.18%
    Home Improvement 104 $5,950,000 $57,212 $884 5.90%
    Refi 76 $8,210,000 $108,026 $1,608 5.90%
    Other 61 $3,115,000 $51,066 $701 6.06%

    For 2023, First Federal Savings And Loan Association Of Greene Co's most frequently cited loan purpose was Home Purchase, with 218 originations. The 2nd most popular reason was Home Improvement, with 104 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 181 $13,915,000 $76,878 $1,035 5.91%
    30 Year 143 $25,555,000 $178,706 $2,912 6.23%
    30+ year 51 $15,925,000 $312,255 $6,479 6.22%
    10 Year 42 $1,700,000 $40,476 $672 5.95%
    20 Year 23 $3,265,000 $141,957 $2,347 5.98%
    5 Year 12 $270,000 $22,500 $450 6.11%
    Other 5 $765,000 $153,000 $3,064 5.89%
    3 Year 2 $150,000 $75,000 $931 5.63%

    For 2023, First Federal Savings And Loan Association Of Greene Co's most frequently cited loan duration was 15 Year, with 181 originations. The 2nd most popular length was 30 Year, with 143 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 384 $42,860,000 $111,615
    $3k-4k 20 $6,130,000 $306,500
    $2k-3k 18 $3,610,000 $200,556
    $5k+ 9 $4,335,000 $481,667
    $4k-5k 6 $2,350,000 $391,667
    $1k-2k 5 $805,000 $161,000

    First Federal Savings And Loan Association Of Greene Co's average total fees were $2,912, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 384 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 250 $29,250,000 $117,000
    6-7% 202 $31,510,000 $155,990
    7-8% 7 $785,000 $112,143

    During 2023, First Federal Savings And Loan Association Of Greene Co's average interest rate for loans was 6.23%, while their most frequently originated rate bucket for loans was 5-6%, with 250 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 241 $12,545,000 $52,054 $939 5.99%
    $100k-200k 108 $16,070,000 $148,796 $2,791 6.13%
    $200k-400k 94 $25,580,000 $272,128 $4,176 6.12%
    $400k-600k 15 $6,745,000 $449,667 $7,583 6.18%
    $600k-1MM 1 $605,000 $605,000 $11,333 6.40%

    2023 saw First Federal Savings And Loan Association Of Greene Co place emphasis on $100,000 or less loans with 241 originations, totaling $12,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 116 $15,430,000 $133,017 $2,320 6.06%
    $50k-75k 102 $10,250,000 $100,490 $1,849 5.98%
    $150k-250k 91 $16,055,000 $176,429 $2,695 6.06%
    $75k-100k 79 $9,135,000 $115,633 $2,075 6.09%
    $50k or less 42 $2,970,000 $70,714 $1,720 6.11%
    $250k+ 20 $6,670,000 $333,500 $5,015 6.02%

    First Federal Savings And Loan Association Of Greene Co lent most frequently to those with incomes in the $100k-150k range, with 116 originations. The second most popular income band? $50k-75k, with 102 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 167 $23,975,000 $143,563 $2,396 6.04%
    30-36% 117 $17,425,000 $148,932 $2,599 6.12%
    <20% 86 $8,500,000 $98,837 $1,833 6.00%
    39% 16 $2,060,000 $128,750 $2,306 6.06%
    37% 15 $1,965,000 $131,000 $1,859 5.83%
    41% 14 $2,200,000 $157,143 $2,227 6.15%
    38% 12 $1,780,000 $148,333 $3,043 6.03%
    36% 10 $820,000 $82,000 $1,247 5.98%
    40% 7 $935,000 $133,571 $2,138 5.92%
    42% 7 $815,000 $116,429 $1,847 6.02%
    43% 2 $440,000 $220,000 $4,267 6.30%
    50-60% 1 $195,000 $195,000 $5,009 6.70%

    First Federal Savings And Loan Association Of Greene Co lent most frequently to those with DTI ratios of 20-30%, with 167 originations. The next most common DTI ratio? 30-36%, with 117 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 427 $57,365,000 $134,344 $2,327 6.06%
    Not provided 17 $1,795,000 $105,588 $1,721 6.02%
    American Indian 7 $1,035,000 $147,857 $2,340 5.59%
    Not applicable 4 $440,000 $110,000 $0 6.33%
    Asian 1 $375,000 $375,000 $3,236 5.60%
    Black 1 $275,000 $275,000 $3,328 5.90%
    Asian Indian 2 $260,000 $130,000 $2,010 5.73%

    Approval Rates

    Total approvals of all applications
    93.16%

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

    Pick Rate

    Approvals leading to origination
    84.31%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 459 $61,545,000 $134,085

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    459 $61,545,000 $134,085

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 83 $6,545,000 $78,855 $1,113 5.95%
    40-60% 53 $8,065,000 $152,170 $2,790 6.01%
    60-80% 122 $24,190,000 $198,279 $3,720 6.13%
    80-100% 91 $18,415,000 $202,363 $3,281 6.17%
    Under 20% 99 $4,055,000 $40,960 $714 5.94%