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™
  • Mortgage Calculator

    • 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)

    • 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 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 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% 4/28/24
    30 Year Conventional Refi 5.51% 4/28/24
    30 Year VA Purchase 5.88% 4/28/24
    15 Year Conventional Purchase 5.24% 4/28/24
    15 Year Conventional Refi 5.15% 4/28/24
    15 Year Cash-out Refi 5.15% 4/28/24
    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

    678

    Origination Dollar Volume (All Markets)

    $110,400,000
    Show all (10) 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) 393 $63,885,000 $162,557 $2,905 3.89%
    Outside of Metro Areas 165 $23,005,000 $139,424 $2,372 3.98%
    MORGANTOWN, WV (FHA|USDA|VA) 76 $14,380,000 $189,211 $3,073 3.79%
    Fairmont, WV (FHA|USDA|VA) 27 $6,095,000 $225,741 $3,036 3.69%
    Clarksburg, WV (FHA|USDA|VA) 14 $2,740,000 $195,714 $3,624 3.54%
    WHEELING, WV-OH (FHA|USDA|VA) 2 $240,000 $120,000 $2,856 2.55%
    Somerset, PA (FHA|USDA|VA) 1 $55,000 $55,000 $2,318 3.05%
    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.

    FAIRMONT
    Similarity Rank: 24
    TRI BORO
    Similarity Rank: 78
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 92
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 105
    Clear Mountain Bank
    Similarity Rank: 180
    City National Bank of West Virginia
    Similarity Rank: 296
    InFirst Bank
    Similarity Rank: 480
    American Financial Mortgage Corporation
    Similarity Rank: 648
    1st Summit Bank
    Similarity Rank: 729
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 861

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 664 $109,660,000 $165,151 $2,836 3.86%
    FHA 12 $210,000 $17,500 $343 5.29%
    VA 2 $530,000 $265,000 $11,120 3.20%

    For 2022, First Federal Savings And Loan Association Of Greene Co's most frequently originated type of loan was Conventional, with 664 originations. Their 2nd most popular type was FHA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 314 $67,840,000 $216,051 $4,040 4.07%
    Refi 195 $30,625,000 $157,051 $2,459 3.44%
    Home Improvement 113 $7,115,000 $62,965 $950 4.08%
    Other 56 $4,820,000 $86,071 $1,289 3.93%

    For 2022, First Federal Savings And Loan Association Of Greene Co's most frequently cited loan purpose was Home Purchase, with 314 originations. The 2nd most popular reason was Refi, with 195 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 267 $50,885,000 $190,581 $3,053 4.06%
    15 Year 211 $18,885,000 $89,502 $1,471 3.78%
    30+ year 69 $24,595,000 $356,449 $7,157 3.89%
    20 Year 66 $10,110,000 $153,182 $2,345 3.58%
    10 Year 40 $1,930,000 $48,250 $759 3.82%
    Other 14 $3,480,000 $248,571 $4,689 3.33%
    5 Year 9 $375,000 $41,667 $565 3.88%
    3 Year 2 $140,000 $70,000 $529 4.75%

    For 2022, First Federal Savings And Loan Association Of Greene Co's most frequently cited loan duration was 30 Year, with 267 originations. The 2nd most popular length was 15 Year, with 211 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 547 $77,145,000 $141,033
    $2k-3k 28 $6,330,000 $226,071
    $3k-4k 27 $8,465,000 $313,519
    $1k-2k 21 $2,705,000 $128,810
    $5k+ 21 $10,365,000 $493,571
    $4k-5k 10 $3,940,000 $394,000

    First Federal Savings And Loan Association Of Greene Co's average total fees were $3,053, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 547 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 299 $54,015,000 $180,652
    5-6% 133 $19,115,000 $143,722
    4-5% 111 $18,695,000 $168,423
    2.5-3% 97 $12,875,000 $132,732
    <2.5% 26 $3,910,000 $150,385
    6-7% 12 $1,790,000 $149,167

    During 2022, First Federal Savings And Loan Association Of Greene Co's average interest rate for loans was 4.06%, while their most frequently originated rate bucket for loans was 3-4%, with 299 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 276 $15,560,000 $56,377 $1,267 3.95%
    $100k-200k 192 $28,210,000 $146,927 $2,698 3.81%
    $200k-400k 173 $49,005,000 $283,266 $4,178 3.86%
    $400k-600k 36 $17,020,000 $472,778 $7,820 3.78%
    $600k-1MM 1 $605,000 $605,000 $5,966 5.60%

    2022 saw First Federal Savings And Loan Association Of Greene Co place emphasis on $100,000 or less loans with 276 originations, totaling $15,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 183 $33,175,000 $181,284 $3,000 3.92%
    $50k-75k 138 $17,000,000 $123,188 $2,317 3.86%
    $150k-250k 132 $29,580,000 $224,091 $3,609 3.87%
    $75k-100k 118 $18,970,000 $160,763 $2,799 3.89%
    $50k or less 85 $6,795,000 $79,941 $1,983 3.79%
    $250k+ 18 $4,590,000 $255,000 $3,472 3.89%

    First Federal Savings And Loan Association Of Greene Co lent most frequently to those with incomes in the $100k-150k range, with 183 originations. The second most popular income band? $50k-75k, with 138 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 227 $35,235,000 $155,220 $2,582 3.76%
    30-36% 179 $30,225,000 $168,855 $3,161 4.00%
    <20% 118 $16,340,000 $138,475 $2,464 3.74%
    37% 29 $5,755,000 $198,448 $3,177 3.97%
    36% 24 $3,630,000 $151,250 $2,395 3.95%
    41% 21 $4,655,000 $221,667 $4,080 4.35%
    40% 19 $3,445,000 $181,316 $2,769 3.88%
    38% 19 $3,995,000 $210,263 $3,577 4.14%
    39% 19 $2,635,000 $138,684 $2,362 3.96%
    42% 13 $2,405,000 $185,000 $2,675 3.54%
    43% 7 $1,365,000 $195,000 $3,120 4.35%
    44% 1 $165,000 $165,000 $3,173 5.50%
    47% 1 $95,000 $95,000 $529 5.00%
    >60% 1 $455,000 $455,000 $8,943 2.75%

    First Federal Savings And Loan Association Of Greene Co lent most frequently to those with DTI ratios of 20-30%, with 227 originations. The next most common DTI ratio? 30-36%, with 179 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 650 $106,490,000 $163,831 $2,832 3.87%
    Not provided 10 $1,240,000 $124,000 $2,040 4.40%
    Black 7 $995,000 $142,143 $2,465 4.40%
    Not applicable 7 $855,000 $122,143 $2,656 3.75%
    Asian 3 $665,000 $221,667 $2,697 3.07%
    Asian Indian 1 $155,000 $155,000 $2,912 4.00%

    Approval Rates

    Total approvals of all applications
    93.58%

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

    Pick Rate

    Approvals leading to origination
    87.91%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 678 $110,400,000 $162,832

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    678 $110,400,000 $162,832

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 75 $5,955,000 $79,400 $1,137 4.06%
    40-60% 80 $11,530,000 $144,125 $2,595 3.64%
    60-80% 241 $51,955,000 $215,581 $3,740 3.78%
    80-100% 190 $37,420,000 $196,947 $3,522 3.97%
    Under 20% 80 $3,330,000 $41,625 $697 3.81%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%