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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  • SimulatedRates™
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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 Wheeling among others. We have data for 6 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.73% 12/16/24
    30 Year Conventional Refi 5.51% 12/16/24
    30 Year VA Purchase 5.88% 12/16/24
    15 Year Conventional Purchase 5.24% 12/16/24
    15 Year Conventional Refi 5.15% 12/16/24
    15 Year Cash-out Refi 5.15% 12/16/24
    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

    618

    Origination Dollar Volume (All Markets)

    $80,960,000

    Employee count

    124 Show all (6) 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) 344 $44,120,000 $128,256 $2,296 3.95%
    Outside of Metro Areas 157 $16,655,000 $106,083 $1,887 3.96%
    MORGANTOWN, WV (FHA|USDA|VA) 65 $10,375,000 $159,615 $2,619 3.79%
    Fairmont, WV (FHA|USDA|VA) 26 $5,030,000 $193,462 $3,109 3.79%
    Clarksburg, WV (FHA|USDA|VA) 24 $4,440,000 $185,000 $2,986 3.88%
    WHEELING, WV-OH (FHA|USDA|VA) 2 $340,000 $170,000 $2,547 4.75%
    First Federal Savings And Loan Association Of Greene Co's top markets include Pittsburgh, Morgantown, Fairmont, Clarksburg, and Wheeling 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.

    The United Federal Credit Union
    Similarity Rank: 60
    TRI BORO
    Similarity Rank: 70
    American Financial Mortgage Corporation
    Similarity Rank: 172
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 237
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 240
    M. S. Flynn, Inc.
    Similarity Rank: 252
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 328
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 344
    City National Bank of West Virginia
    Similarity Rank: 351
    ARMCO CREDIT UNION
    Similarity Rank: 490

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 602 $80,120,000 $133,090 $2,321 3.89%
    FHA 14 $280,000 $20,000 $335 5.80%
    VA 2 $560,000 $280,000 $7,962 3.73%

    For 2019, First Federal Savings And Loan Association Of Greene Co's most frequently originated type of loan was Conventional, with 602 originations. Their 2nd most popular type was FHA, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 283 $46,985,000 $166,025 $3,326 3.99%
    Refi 197 $27,705,000 $140,635 $1,981 3.82%
    Home Improvement 73 $3,155,000 $43,219 $695 4.17%
    Other 65 $3,115,000 $47,923 $658 3.74%

    For 2019, First Federal Savings And Loan Association Of Greene Co's most frequently cited loan purpose was Home Purchase, with 283 originations. The 2nd most popular reason was Refi, with 197 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 233 $37,855,000 $162,468 $2,764 4.02%
    15 Year 184 $15,610,000 $84,837 $1,125 3.83%
    30+ year 67 $16,185,000 $241,567 $5,303 4.02%
    20 Year 55 $7,105,000 $129,182 $2,009 4.17%
    10 Year 52 $2,200,000 $42,308 $623 3.73%
    5 Year 19 $575,000 $30,263 $575 3.35%
    Other 8 $1,430,000 $178,750 $3,668 3.89%

    For 2019, First Federal Savings And Loan Association Of Greene Co's most frequently cited loan duration was 30 Year, with 233 originations. The 2nd most popular length was 15 Year, with 184 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 498 $57,400,000 $115,261
    $1k-2k 32 $4,350,000 $135,938
    $2k-3k 30 $5,790,000 $193,000
    $3k-4k 19 $5,755,000 $302,895
    $4k-5k 12 $4,720,000 $393,333
    $5k+ 3 $1,395,000 $465,000

    First Federal Savings And Loan Association Of Greene Co's average total fees were $2,764, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 498 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 411 $57,315,000 $139,453
    4-5% 169 $19,705,000 $116,598
    2.5-3% 19 $3,375,000 $177,632
    5-6% 18 $510,000 $28,333
    6-7% 1 $55,000 $55,000

    During 2019, First Federal Savings And Loan Association Of Greene Co's average interest rate for loans was 4.02%, while their most frequently originated rate bucket for loans was 3-4%, with 411 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 289 $14,705,000 $50,882 $1,057 3.97%
    $100k-200k 199 $29,265,000 $147,060 $2,713 3.89%
    $200k-400k 123 $33,745,000 $274,350 $4,045 3.89%
    $400k-600k 7 $3,245,000 $463,571 $7,374 3.86%

    2019 saw First Federal Savings And Loan Association Of Greene Co place emphasis on $100,000 or less loans with 289 originations, totaling $14,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 156 $24,170,000 $154,936 $2,628 3.94%
    $50k-75k 145 $15,085,000 $104,034 $1,995 3.96%
    $75k-100k 128 $17,310,000 $135,234 $2,356 3.94%
    $50k or less 86 $5,570,000 $64,767 $1,472 3.90%
    $150k-250k 82 $16,270,000 $198,415 $3,013 3.84%
    $250k+ 8 $1,870,000 $233,750 $2,807 3.69%

    First Federal Savings And Loan Association Of Greene Co lent most frequently to those with incomes in the $100k-150k range, with 156 originations. The second most popular income band? $50k-75k, with 145 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 256 $33,210,000 $129,727 $2,356 3.88%
    30-36% 162 $21,810,000 $134,630 $2,211 3.98%
    <20% 96 $11,310,000 $117,813 $2,049 3.80%
    36% 21 $3,185,000 $151,667 $2,476 4.07%
    37% 17 $2,455,000 $144,412 $2,596 4.05%
    38% 16 $1,980,000 $123,750 $2,032 3.91%
    40% 13 $1,285,000 $98,846 $1,743 4.07%
    39% 9 $1,785,000 $198,333 $3,305 4.23%
    43% 6 $1,120,000 $186,667 $2,675 3.94%
    41% 4 $880,000 $220,000 $3,610 3.70%
    42% 3 $635,000 $211,667 $3,481 3.82%
    45% 2 $590,000 $295,000 $4,683 3.98%
    46% 1 $165,000 $165,000 $2,804 3.65%
    47% 1 $55,000 $55,000 $0 4.50%
    50-60% 1 $25,000 $25,000 $328 6.00%

    First Federal Savings And Loan Association Of Greene Co lent most frequently to those with DTI ratios of 20-30%, with 256 originations. The next most common DTI ratio? 30-36%, with 162 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 602 $79,680,000 $132,359 $2,291 3.92%
    Not applicable 10 $470,000 $47,000 $3,215 4.56%
    Asian 2 $460,000 $230,000 $2,638 4.28%
    Black 3 $315,000 $105,000 $2,074 4.13%
    Native Hawaiian or Islander 1 $35,000 $35,000 $1,734 3.75%

    Approval Rates

    Total approvals of all applications
    91.11%

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

    Pick Rate

    Approvals leading to origination
    89.16%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 618 $80,960,000 $131,003

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 38 $4,070,000 $107,105
    Single Family (1-4 Units):Site-Built 580 $76,890,000 $132,569

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 68 $3,580,000 $52,647 $714 3.75%
    40-60% 57 $7,285,000 $127,807 $2,303 3.81%
    60-80% 223 $38,305,000 $171,771 $2,974 3.91%
    80-100% 182 $29,190,000 $160,385 $2,985 3.99%
    Under 20% 74 $2,320,000 $31,351 $510 3.75%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST AMERICAN FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 1 10.0%
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 2 20.0%
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 1 10.0%
    FIRST AMERICAN FINANCIAL CORPORATION VA mortgage Closing on a mortgage 2 20.0%
    FIRST AMERICAN FINANCIAL CORPORATION VA mortgage Trouble during payment process 1 10.0%
    FIRST AMERICAN FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 1 10.0%
    FIRST AMERICAN FINANCIAL CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 10.0%
    FIRST AMERICAN FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 1 10.0%

    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 $17,368
    First Federal Savings and Loan Association of Greene Co 101 W. George St. Carmichaels, PA 15320 Full Service B&M $58,982
    First Federal Savings and Loan Association of Greene Co 25 East High St Waynesburg, PA 15370 Full Service B&M $360,110
    First Federal Savings and Loan Association of Greene Co 2980 South Bridge Road Washington, PA 15301 Full Service B&M $28,989
    First Federal Savings and Loan Association of Greene Co 460 Washington Road Washington, PA 15301 Full Service B&M $56,462
    First Federal Savings and Loan Association of Greene Co Main Street And Beeson Blvd. Uniontown, PA 15401 Full Service B&M $264,244

    For 2019, 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 $31,891
    Net interest income $23,359
    Total noninterest income $1,454
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $309
    Trading account gains and fees $0
    Additional Noninterest Income $1,145
    Pre-tax net operating income $5,803
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,147
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,147
    Minority interest net income $0
    Net income $4,147
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,147

    First Federal Savings And Loan Association Of Greene Co's gross interest income from loans was $31,891,000.
    First Federal Savings And Loan Association Of Greene Co's net interest income from loans was $23,359,000.
    First Federal Savings And Loan Association Of Greene Co's fee based income from loans was $309,000.
    First Federal Savings And Loan Association Of Greene Co's net income from loans was $4,147,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,532
    Provision for credit losses $226
    Total noninterest expense $18,784
    Salaries and employee benefits $11,938
    Premises and equipment expense $2,028
    Additional noninterest expense $4,818
    Applicable income taxes $1,656
    Net charge-offs $226
    Cash dividends $0

    First Federal Savings And Loan Association Of Greene Co's interest expense for loans was $8,532,000.
    First Federal Savings And Loan Association Of Greene Co's payroll and benefits expense were $11,938,000.
    First Federal Savings And Loan Association Of Greene Co's property, plant and equipment expenses $2,028,000.

    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 3.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $793,256
    Deposits held in domestic offices $793,256
    Deposits by Individuals, partnerships, and corporations $781,101
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,685
    Deposits by Commercial banks and other depository institutions in U.S. $3,470
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $142,224
    Demand deposits $21,501
    Nontransaction accounts $651,032
    Money market deposit accounts (MMDAs) $24,517
    Other savings deposits (excluding MMDAs) $272,543
    Total time deposits $353,972
    Total time and savings deposits $771,755
    Noninterest-bearing deposits $21,501
    Interest-bearing deposits $771,755
    Retail deposits $706,614
    IRAs and Keogh plan accounts $111,318
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $938,398
    Cash & Balances due from depository institutions $111,143
    Interest-bearing balances $103,497
    Total securities $161,347
    Federal funds sold & reverse repurchase $0
    Net loans and leases $625,967
    Loan and leases loss allowance $1,750
    Trading account assets $0
    Bank premises and fixed assets $12,948
    Other real estate owned $888
    Goodwill and other intangibles $0
    All other assets $26,105

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $938,398
    Total Liabilities $802,791
    Total deposits $793,256
    Interest-bearing deposits $771,755
    Deposits held in domestic offices $793,256
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $9,535

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $625,967
    Loan and leases loss allowance $1,750
    Total loans and leases (domestic) $627,717
    All real estate loans $623,627
    Real estate loans in domestic offices $623,627
    Construction and development loans $9,774
    Residential 1-4 family construction $6,848
    Other construction, all land development and other land $2,926
    Loans secured by nonfarm nonresidential properties $3,247
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $3,247
    Multifamily residential real estate $0
    1-4 family residential loans $610,606
    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 $4,084
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $4,084
    All other loans & leases $6
    Loans to foreign governments and official institutions $0
    Other loans $6
    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 $445
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Federal Savings and Loan Association of Greene Co had $625,967,000 of loans outstanding in 2019. $623,627,000 of loans were in real estate loans. $9,774,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $610,606,000 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 18 $3,038 $168,778
    Nonfarm, nonresidential loans - <$100k 6 $314 $52,333
    Nonfarm, nonresidential loans - $100-250k 7 $859 $122,714
    Nonfarm, nonresidential loans - $250k-1MM 5 $1,865 $373,000