First Federal Savings Bank Mortgage Rates, Fees & Info

Huntington, IN

LEI: 549300RMPGD5KKS1RR35

Tax ID: 35-0576640

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 Bank is a smaller bank specializing in Home Purchase and Refi loans. First Federal Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fort Wayne, Huntington, Marion, Warsaw, and Key West among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Federal Savings Bank 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 Bank 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.89% 4/28/24
    30 Year Conventional Refi 6.96% 4/28/24
    30 Year Cash-out Refi 6.61% 4/28/24
    15 Year Conventional Purchase 6.36% 4/28/24
    15 Year Conventional Refi 6.63% 4/28/24
    15 Year Cash-out Refi 6.63% 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 Bank 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 Bank. 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

    311

    Origination Dollar Volume (All Markets)

    $67,355,000

    Awards

    First Federal Savings Bank 30 Year Conventional Loans bronze First Federal Savings Bank 30 Year Conventional Loans gold
    Show all (2) 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
    FORT WAYNE, IN (FHA|USDA|VA) 104 $22,450,000 $215,865 $2,721 5.82%
    Huntington, IN (FHA|USDA|VA) 132 $16,530,000 $125,227 $2,232 4.96%
    Marion, IN (FHA|USDA|VA) 4 $6,130,000 $1,532,500 $2,509 4.99%
    Warsaw, IN (FHA|USDA|VA) 20 $4,210,000 $210,500 $2,300 5.68%
    Key West, FL (FHA|USDA|VA) 1 $2,975,000 $2,975,000 $0 3.50%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $2,750,000 $1,375,000 $2,170 4.85%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $2,335,000 $467,000 $5,464 5.46%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $1,375,000 $275,000 $2,305 5.27%
    Wabash, IN (FHA|USDA|VA) 6 $1,110,000 $185,000 $1,925 4.69%
    Bluffton, IN (FHA|USDA|VA) 6 $790,000 $131,667 $2,272 6.17%
    Auburn, IN (FHA|USDA|VA) 4 $760,000 $190,000 $2,479 4.19%
    Sevierville, TN (FHA|USDA|VA) 1 $755,000 $755,000 $0 5.84%
    Kendallville, IN (FHA|USDA|VA) 4 $700,000 $175,000 $4,137 5.56%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $645,000 $645,000 $3,516 3.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,238 5.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $395,000 $395,000 $3,019 5.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $385,000 $385,000 $4,469 5.25%
    COLUMBIA, SC (FHA|USDA|VA) 1 $305,000 $305,000 $3,419 6.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $295,000 $295,000 $10,523 5.75%
    Plymouth, IN (FHA|USDA|VA) 2 $290,000 $145,000 $4,300 4.16%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,692 6.50%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $275,000 $275,000 $2,888 5.38%
    Peru, IN (FHA|USDA|VA) 1 $275,000 $275,000 $4,907 5.63%
    Angola, IN (FHA|USDA|VA) 1 $245,000 $245,000 $1,891 3.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,203 3.75%
    KOKOMO, IN (FHA|USDA|VA) 1 $195,000 $195,000 $5,405 7.13%
    Salem, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.14%
    MUNCIE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,615 5.38%
    Decatur, IN (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.00%
    First Federal Savings Bank's top markets include Fort Wayne, Huntington, Marion, Warsaw, and Key West among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

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

    Fire Police City County Federal Credit Union
    Similarity Rank: 116
    INTERRA CREDIT UNION
    Similarity Rank: 240
    BEACON CREDIT UNION
    Similarity Rank: 527
    ProFed Federal Credit Union
    Similarity Rank: 703
    PARTNERS 1ST Federal Credit Union
    Similarity Rank: 704
    Crossroads Bank
    Similarity Rank: 1008
    Lake City Bank
    Similarity Rank: 1444
    MIDWEST AMERICA
    Similarity Rank: 1533
    FORT FINANCIAL Federal Credit Union
    Similarity Rank: 1643
    First Federal Savings Bank
    Similarity Rank: 1943

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 311 $67,355,000 $216,576 $2,511 5.35%

    For 2022, First Federal Savings Bank's most frequently originated type of loan was Conventional, with 311 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 164 $35,940,000 $219,146 $2,873 5.80%
    Cash Out Refi 93 $13,425,000 $144,355 $2,272 4.66%
    Refi 53 $17,865,000 $337,075 $2,116 5.16%
    Home Improvement 1 $125,000 $125,000 $0 5.75%

    For 2022, First Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 164 originations. The 2nd most popular reason was Cash Out Refi, with 93 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 124 $29,220,000 $235,645 $3,097 5.07%
    15 Year 75 $13,075,000 $174,333 $2,265 4.90%
    20 Year 39 $14,815,000 $379,872 $2,265 5.75%
    10 Year 35 $2,565,000 $73,286 $1,021 5.20%
    1 Year 32 $2,790,000 $87,188 $0 7.06%
    Other 4 $4,630,000 $1,157,500 $0 6.08%
    30+ year 1 $175,000 $175,000 $1,938 4.25%
    5 Year 1 $85,000 $85,000 $0 6.38%

    For 2022, First Federal Savings Bank's most frequently cited loan duration was 30 Year, with 124 originations. The 2nd most popular length was 15 Year, with 75 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 236 $41,470,000 $175,720
    $2k-3k 3 $935,000 $311,667
    $1k-2k 2 $660,000 $330,000

    First Federal Savings Bank's average total fees were $3,097, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 236 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 118 $25,240,000 $213,898
    6-7% 53 $10,655,000 $201,038
    3-4% 49 $14,445,000 $294,796
    4-5% 40 $9,750,000 $243,750
    7-8% 18 $1,890,000 $105,000
    Over 8% 11 $1,135,000 $103,182
    2.5-3% 11 $2,545,000 $231,364
    <2.5% 11 $1,695,000 $154,091

    During 2022, First Federal Savings Bank's average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 5-6%, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 129 $7,955,000 $61,667 $1,650 5.51%
    $100k-200k 86 $12,060,000 $140,233 $2,765 5.52%
    $200k-400k 61 $17,025,000 $279,098 $3,593 5.02%
    $400k-600k 20 $9,160,000 $458,000 $3,100 4.75%
    $600k-1MM 9 $6,635,000 $737,222 $1,605 5.11%
    $1MM+ 6 $14,520,000 $2,420,000 $4,399 5.01%

    2022 saw First Federal Savings Bank place emphasis on $100,000 or less loans with 129 originations, totaling $7,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 79 $8,065,000 $102,089 $2,014 4.92%
    $75k-100k 44 $7,970,000 $181,136 $2,494 5.12%
    $50k-75k 42 $5,490,000 $130,714 $2,558 5.05%
    $100k-150k 41 $8,165,000 $199,146 $2,671 5.22%
    $150k-250k 24 $7,460,000 $310,833 $3,454 4.75%
    $250k+ 14 $6,900,000 $492,857 $3,414 4.81%

    First Federal Savings Bank lent most frequently to those with incomes in the $50k or less range, with 79 originations. The second most popular income band? $75k-100k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 56 $10,920,000 $195,000 $2,527 4.76%
    30-36% 53 $8,615,000 $162,547 $2,474 5.23%
    <20% 19 $2,105,000 $110,789 $2,140 4.35%
    40% 12 $1,770,000 $147,500 $2,725 5.07%
    38% 11 $1,865,000 $169,545 $2,308 4.94%
    42% 9 $1,625,000 $180,556 $3,893 4.63%
    41% 9 $1,445,000 $160,556 $2,889 5.47%
    44% 8 $1,890,000 $236,250 $2,887 4.72%
    36% 7 $1,455,000 $207,857 $2,267 5.86%
    43% 7 $1,035,000 $147,857 $1,573 4.75%
    50-60% 7 $1,745,000 $249,286 $2,544 5.27%
    49% 7 $1,575,000 $225,000 $2,441 4.50%
    45% 7 $1,325,000 $189,286 $2,130 5.43%
    39% 5 $865,000 $173,000 $2,801 4.90%
    >60% 5 $1,535,000 $307,000 $2,770 5.80%
    46% 5 $835,000 $167,000 $3,531 4.58%
    47% 5 $855,000 $171,000 $2,779 4.78%
    48% 4 $880,000 $220,000 $2,080 5.53%
    37% 4 $640,000 $160,000 $1,378 5.50%

    First Federal Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 56 originations. The next most common DTI ratio? 30-36%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 242 $41,150,000 $170,041 $2,513 5.02%
    Not applicable 63 $22,885,000 $363,254 $0 6.63%
    Asian 3 $2,225,000 $741,667 $2,680 5.33%
    Black 2 $790,000 $395,000 $2,235 3.88%
    Not provided 1 $305,000 $305,000 $2,137 5.50%

    Approval Rates

    Total approvals of all applications
    93.55%

    First Federal Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.75%

    First Federal Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 311 $67,355,000 $216,576

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    311 $67,355,000 $216,576

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $4,795,000 $111,512 $1,577 5.50%
    40-60% 60 $7,950,000 $132,500 $1,987 5.22%
    60-80% 112 $33,180,000 $296,250 $3,162 5.40%
    80-100% 76 $18,620,000 $245,000 $2,826 5.18%
    Over 100% 2 $880,000 $440,000 $0 6.15%
    Under 20% 18 $1,930,000 $107,222 $960 5.73%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%