First Federal Bank A Fsb Mortgage Rates, Fees & Info
Tuscaloosa, ALLEI: 549300ROGHTFGYNKE773
Tax ID: 63-0414306
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Mortgage Data
Review & Overview
First Federal Bank A Fsb is a smaller bank specializing in Home Purchase loans. First Federal Bank A Fsb has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Tuscaloosa, Birmingham, Gadsden, Florence, and Huntsville among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)First Federal Bank A Fsb 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 Bank A Fsb is typically an average 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 | 6.59% | 9/18/23 |
| 30 Year Conventional Refi | 6.46% | 9/18/23 |
| 30 Year Cash-out Refi | 6.70% | 9/18/23 |
| 30 Year FHA Purchase | 7.38% | 9/18/23 |
| 30 Year FHA Refi | 7.22% | 9/18/23 |
| 30 Year VA Purchase | 6.29% | 9/18/23 |
| 30 Year VA Refi | 5.93% | 9/18/23 |
| 30 Year USDA Purchase | 6.76% | 9/18/23 |
| 15 Year Conventional Purchase | 6.21% | 9/18/23 |
| 15 Year Conventional Refi | 5.95% | 9/18/23 |
| 15 Year Cash-out Refi | 5.95% | 9/18/23 |
| 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 Bank A Fsb Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,636Origination Dollar Volume (All Markets)
$379,710,000Awards
First Federal Bank A FSB - 2022
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For 2022, less than of lenders were eligible for this award.
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Relative Rate
First Federal Bank A Fsb's average 30 year fixed mortgage rate was
4.91%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.15%.
Relative Fees (Closing Costs)
First Federal Bank A Fsb's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,482.
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 $4,750.
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 |
|---|---|---|---|---|---|
| TUSCALOOSA, AL (FHA|USDA|VA) | 663 | $163,485,000 | $246,584 | $5,234 | 4.90% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 270 | $72,730,000 | $269,370 | $5,056 | 4.90% |
| GADSDEN, AL (FHA|USDA|VA) | 144 | $24,500,000 | $170,139 | $5,307 | 5.17% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 116 | $22,330,000 | $192,500 | $5,025 | 4.65% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 71 | $18,555,000 | $261,338 | $5,524 | 4.88% |
| MOBILE, AL (FHA|USDA|VA) | 108 | $18,460,000 | $170,926 | $4,773 | 5.04% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 54 | $16,820,000 | $311,481 | $5,089 | 4.64% |
| Outside of Metro Areas | 59 | $11,005,000 | $186,525 | $5,542 | 5.07% |
| Cullman, AL (FHA|USDA|VA) | 30 | $5,000,000 | $166,667 | $5,036 | 4.95% |
| Albertville, AL (FHA|USDA|VA) | 20 | $3,470,000 | $173,500 | $5,552 | 4.79% |
| Fort Payne, AL (FHA|USDA|VA) | 14 | $2,100,000 | $150,000 | $6,397 | 5.50% |
| DECATUR, AL (FHA|USDA|VA) | 11 | $2,045,000 | $185,909 | $4,503 | 5.43% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 11 | $1,885,000 | $171,364 | $5,020 | 5.07% |
| MONTGOMERY, AL (FHA|USDA|VA) | 7 | $1,445,000 | $206,429 | $5,456 | 5.18% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $4,098 | 4.96% |
| Jasper, AL (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $4,677 | 5.66% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $7,111 | 4.83% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $4,270 | 4.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $6,379 | 4.81% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $14,548 | 4.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $4,098 | 4.21% |
| Scottsboro, AL (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $5,198 | 5.19% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $9,784 | 4.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,081 | 5.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,516 | 4.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,789 | 5.38% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,716 | 5.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $8,911 | 4.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $11,155 | 5.50% |
| Oxford, MS (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,406 | 5.63% |
| Durango, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,673 | 6.00% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,577 | 4.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,025 | 4.38% |
| AMES, IA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,735 | 4.13% |
| Columbus, MS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,200 | 4.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,833 | 4.75% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,563 | 4.44% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,743 | 3.88% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,418 | 4.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,659 | 4.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,094 | 4.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,595 | 3.13% |
| Corinth, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,097 | 6.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,119 | 3.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,741 | 6.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,355 | 5.00% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,921 | 3.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $4,280 | 5.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,543 | 5.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,925 | 7.13% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,725 | 5.38% |
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Product Mix
For 2022, First Federal Bank A Fsb's most frequently originated type of loan was Conventional, with 1,132 originations. Their 2nd most popular type was FHA, with 342 originations.
Loan Reason
For 2022, First Federal Bank A Fsb's most frequently cited loan purpose was Home Purchase, with 1,434 originations. The 2nd most popular reason was Cash Out Refi, with 115 originations.
Loan Duration/Length
For 2022, First Federal Bank A Fsb's most frequently cited loan duration was 30 Year, with 1,490 originations. The 2nd most popular length was 15 Year, with 74 originations.
Origination Fees/Closing Costs
First Federal Bank A Fsb's average total fees were $5,482, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 537 originations.
Interest Rates
During 2022, First Federal Bank A Fsb's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 5-6%, with 518 originations.
Loan Sizing
2022 saw First Federal Bank A Fsb place emphasis on $200k-400k loans with 717 originations, totaling $197,445,000 in origination value.
Applicant Income
First Federal Bank A Fsb lent most frequently to those with incomes in the $50k-75k range, with 413 originations. The second most popular income band? $100k-150k, with 308 originations.
Applicant Debt to Income Ratio
First Federal Bank A Fsb lent most frequently to those with DTI ratios of 30-36%, with 328 originations. The next most common DTI ratio? 20-30%, with 311 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.96%
First Federal Bank A Fsb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination64.98%
First Federal Bank A Fsb has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,636 | $379,710,000 | $232,097 |
LTV Distribution
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% |