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

Waynesburg, PA

LEI: 549300OVA1LT74LITG21

Tax ID: 25-0523055

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

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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    First Federal Savings And Loan Association Of Greene Co is a smaller mortgage company specializing in Home Purchase and Refi 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, Fairmont, Clarksburg, and Weirton among others. We have data for 8 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 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 5.73% 4/21/24
    30 Year Conventional Refi 5.51% 4/21/24
    30 Year VA Purchase 5.88% 4/21/24
    15 Year Conventional Purchase 5.24% 4/21/24
    15 Year Conventional Refi 5.15% 4/21/24
    15 Year Cash-out Refi 5.15% 4/21/24
    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

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    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

    688

    Origination Dollar Volume (All Markets)

    $84,060,000

    Employee count

    122 Show all (7) awards

    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) 351 $42,885,000 $122,179 $2,206 4.17%
    Outside of Metro Areas 197 $19,475,000 $98,858 $1,823 4.10%
    MORGANTOWN, WV (FHA|USDA|VA) 87 $13,305,000 $152,931 $2,275 4.09%
    Fairmont, WV (FHA|USDA|VA) 29 $4,135,000 $142,586 $2,454 4.13%
    Clarksburg, WV (FHA|USDA|VA) 20 $3,840,000 $192,000 $3,069 4.23%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $305,000 $305,000 $3,355 3.20%
    WHEELING, WV-OH (FHA|USDA|VA) 2 $60,000 $30,000 $1,468 4.83%
    Somerset, PA (FHA|USDA|VA) 1 $55,000 $55,000 $1,194 4.00%
    First Federal Savings And Loan Association Of Greene Co's top markets include Pittsburgh, Morgantown, Fairmont, Clarksburg, and Weirton among others.

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

    Westmoreland Federal Savings
    Similarity Rank: 12
    TRI BORO
    Similarity Rank: 25
    Commercial Bank and Trust of PA
    Similarity Rank: 57
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 88
    West View Savings Bank
    Similarity Rank: 102
    City National Bank of West Virginia
    Similarity Rank: 152
    Clear Mountain Bank
    Similarity Rank: 180
    M. S. Flynn, Inc.
    Similarity Rank: 204
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 248
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 348

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 670 $83,490,000 $124,612 $2,178 4.10%
    FHA 17 $395,000 $23,235 $425 5.81%
    VA 1 $175,000 $175,000 $4,684 4.75%

    For 2018, First Federal Savings And Loan Association Of Greene Co's most frequently originated type of loan was Conventional, with 670 originations. Their 2nd most popular type was FHA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 318 $51,190,000 $160,975 $3,103 4.23%
    Refi 205 $23,985,000 $117,000 $1,755 4.02%
    Home Improvement 104 $5,290,000 $50,865 $850 4.20%
    Other 61 $3,595,000 $58,934 $741 3.95%

    For 2018, First Federal Savings And Loan Association Of Greene Co's most frequently cited loan purpose was Home Purchase, with 318 originations. The 2nd most popular reason was Refi, with 205 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 338 $59,710,000 $176,657 $3,142 4.29%
    15 Year 226 $15,960,000 $70,619 $1,115 3.98%
    10 Year 55 $2,675,000 $48,636 $639 3.72%
    20 Year 43 $4,925,000 $114,535 $2,012 4.68%
    5 Year 17 $355,000 $20,882 $387 3.58%
    3 Year 6 $170,000 $28,333 $428 3.48%
    Other 3 $265,000 $88,333 $1,520 4.13%

    For 2018, First Federal Savings And Loan Association Of Greene Co's most frequently cited loan duration was 30 Year, with 338 originations. The 2nd most popular length was 15 Year, with 226 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 558 $58,490,000 $104,821
    $2k-3k 42 $8,660,000 $206,190
    $1k-2k 29 $4,885,000 $168,448
    $3k-4k 19 $6,005,000 $316,053
    $4k-5k 9 $3,485,000 $387,222
    $5k+ 2 $1,080,000 $540,000

    First Federal Savings And Loan Association Of Greene Co's average total fees were $3,142, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 558 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 345 $30,735,000 $89,087
    4-5% 325 $52,695,000 $162,138
    5-6% 18 $630,000 $35,000

    During 2018, First Federal Savings And Loan Association Of Greene Co's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 3-4%, with 345 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 368 $18,910,000 $51,386 $1,042 4.09%
    $100k-200k 176 $24,830,000 $141,080 $2,599 4.19%
    $200k-400k 134 $35,770,000 $266,940 $4,059 4.21%
    $400k-600k 10 $4,550,000 $455,000 $6,315 4.33%

    2018 saw First Federal Savings And Loan Association Of Greene Co place emphasis on $100,000 or less loans with 368 originations, totaling $18,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 179 $25,785,000 $144,050 $2,325 4.16%
    $50k-75k 161 $13,695,000 $85,062 $1,716 4.13%
    $75k-100k 140 $18,370,000 $131,214 $2,407 4.12%
    $50k or less 107 $8,335,000 $77,897 $1,768 4.16%
    $150k-250k 74 $13,790,000 $186,351 $2,727 4.12%
    $250k+ 14 $3,210,000 $229,286 $2,462 3.90%

    First Federal Savings And Loan Association Of Greene Co lent most frequently to those with incomes in the $100k-150k range, with 179 originations. The second most popular income band? $50k-75k, with 161 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 276 $33,280,000 $120,580 $2,110 4.14%
    30-36% 191 $25,345,000 $132,696 $2,302 4.14%
    <20% 119 $12,055,000 $101,303 $1,791 4.00%
    36% 24 $3,450,000 $143,750 $2,582 4.18%
    37% 17 $1,585,000 $93,235 $2,160 4.34%
    38% 15 $1,975,000 $131,667 $2,094 4.24%
    40% 14 $1,650,000 $117,857 $2,185 4.29%
    39% 10 $1,170,000 $117,000 $1,996 4.42%
    41% 8 $1,270,000 $158,750 $2,599 4.25%
    42% 3 $835,000 $278,333 $4,372 4.22%
    45% 3 $995,000 $331,667 $3,926 4.42%
    44% 1 $45,000 $45,000 $400 3.60%
    48% 1 $75,000 $75,000 $514 4.00%

    First Federal Savings And Loan Association Of Greene Co lent most frequently to those with DTI ratios of 20-30%, with 276 originations. The next most common DTI ratio? 30-36%, with 191 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 671 $82,175,000 $122,466 $2,146 4.13%
    Asian 6 $1,410,000 $235,000 $2,371 4.13%
    Black 6 $270,000 $45,000 $1,229 4.53%
    Not applicable 5 $205,000 $41,000 $835 4.77%

    Approval Rates

    Total approvals of all applications
    91.61%

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

    Pick Rate

    Approvals leading to origination
    89.97%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 688 $84,060,000 $122,180

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 36 $3,800,000 $105,556
    Single Family (1-4 Units):Site-Built 652 $80,260,000 $123,098

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 80 $5,060,000 $63,250 $805 3.93%
    40-60% 56 $5,720,000 $102,143 $2,053 3.97%
    60-80% 228 $38,810,000 $170,219 $3,095 4.22%
    80-100% 197 $30,175,000 $153,173 $2,730 4.21%
    Under 20% 110 $3,910,000 $35,545 $483 3.83%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST AMERICAN FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 3 25.0%
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 2 16.7%
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 3 25.0%
    FIRST AMERICAN FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 1 8.3%

    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 $15,254
    First Federal Savings and Loan Association of Greene Co 101 W. George St. Carmichaels, PA 15320 Full Service B&M $59,081
    First Federal Savings and Loan Association of Greene Co 25 East High St Waynesburg, PA 15370 Full Service B&M $346,016
    First Federal Savings and Loan Association of Greene Co 2980 South Bridge Road Washington, PA 15301 Full Service B&M $26,258
    First Federal Savings and Loan Association of Greene Co 460 Washington Road Washington, PA 15301 Full Service B&M $54,003
    First Federal Savings and Loan Association of Greene Co Main Street And Beeson Blvd. Uniontown, PA 15401 Full Service B&M $267,095

    For 2018, 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 $30,762
    Net interest income $24,119
    Total noninterest income $1,334
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $298
    Trading account gains and fees $0
    Additional Noninterest Income $1,036
    Pre-tax net operating income $6,611
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,224
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,224
    Minority interest net income $0
    Net income $5,224
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,224

    First Federal Savings And Loan Association Of Greene Co's gross interest income from loans was $30,762,000.
    First Federal Savings And Loan Association Of Greene Co's net interest income from loans was $24,119,000.
    First Federal Savings And Loan Association Of Greene Co's fee based income from loans was $298,000.
    First Federal Savings And Loan Association Of Greene Co's net income from loans was $5,224,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,643
    Provision for credit losses $248
    Total noninterest expense $18,594
    Salaries and employee benefits $11,698
    Premises and equipment expense $1,909
    Additional noninterest expense $4,987
    Applicable income taxes $1,387
    Net charge-offs $248
    Cash dividends $0

    First Federal Savings And Loan Association Of Greene Co's interest expense for loans was $6,643,000.
    First Federal Savings And Loan Association Of Greene Co's payroll and benefits expense were $11,698,000.
    First Federal Savings And Loan Association Of Greene Co's property, plant and equipment expenses $1,909,000.

    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 5.0%
    Credit card loans 0.0%
    Other individual loans 5.0%
    Auto loans 0.0%
    Other consumer loans 5.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $778,260
    Deposits held in domestic offices $778,260
    Deposits by Individuals, partnerships, and corporations $765,067
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,030
    Deposits by Commercial banks and other depository institutions in U.S. $4,163
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $141,756
    Demand deposits $23,237
    Nontransaction accounts $636,504
    Money market deposit accounts (MMDAs) $27,094
    Other savings deposits (excluding MMDAs) $278,841
    Total time deposits $330,569
    Total time and savings deposits $755,023
    Noninterest-bearing deposits $23,247
    Interest-bearing deposits $755,013
    Retail deposits $701,505
    IRAs and Keogh plan accounts $110,409
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $916,933
    Cash & Balances due from depository institutions $92,484
    Interest-bearing balances $88,664
    Total securities $157,854
    Federal funds sold & reverse repurchase $0
    Net loans and leases $627,145
    Loan and leases loss allowance $1,750
    Trading account assets $0
    Bank premises and fixed assets $12,931
    Other real estate owned $401
    Goodwill and other intangibles $0
    All other assets $26,118

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $916,932
    Total Liabilities $788,228
    Total deposits $778,260
    Interest-bearing deposits $755,013
    Deposits held in domestic offices $778,260
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $9,968

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $627,145
    Loan and leases loss allowance $1,750
    Total loans and leases (domestic) $628,895
    All real estate loans $624,071
    Real estate loans in domestic offices $624,071
    Construction and development loans $10,240
    Residential 1-4 family construction $7,310
    Other construction, all land development and other land $2,930
    Loans secured by nonfarm nonresidential properties $3,124
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $3,124
    Multifamily residential real estate $0
    1-4 family residential loans $610,707
    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 $4,814
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $4,814
    All other loans & leases $10
    Loans to foreign governments and official institutions $0
    Other loans $10
    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 $551
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Federal Savings and Loan Association of Greene Co had $627,145,000 of loans outstanding in 2018. $624,071,000 of loans were in real estate loans. $10,240,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $610,707,000 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 19 $2,658 $139,895
    Nonfarm, nonresidential loans - <$100k 7 $260 $37,143
    Nonfarm, nonresidential loans - $100-250k 8 $1,008 $126,000
    Nonfarm, nonresidential loans - $250k-1MM 4 $1,390 $347,500