First Savings And Loan Association Mortgage Rates, Fees & Info

Mebane, NC

LEI: 549300RV4T4YZCSHWF37

Tax ID: 56-0319795

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
  • 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 Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. First Savings And Loan Association has a high proportion of conventional loans. Their top two markets are Burlington and Durham .

    First Savings And Loan Association has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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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    Originations

    23

    Origination Dollar Volume (All Markets)

    $5,525,000

    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
    BURLINGTON, NC (FHA|USDA|VA) 16 $3,910,000 $244,375 $0 0.00%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 6 $1,440,000 $240,000 $0 0.00%
    Outside of Metro Areas 1 $175,000 $175,000 $0 0.00%
    First Savings And Loan Association's top markets include Burlington and Durham among others.

    Their top states include:
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $5,525,000 $240,217 $0 0.00%

    For 2023, First Savings And Loan Association's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14 $4,190,000 $299,286 $0 0.00%
    Refi 6 $860,000 $143,333 $0 0.00%
    Other 2 $370,000 $185,000 $0 0.00%
    Home Improvement 1 $105,000 $105,000 $0 0.00%

    For 2023, First Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 23 $5,525,000 $240,217 $0 0.00%

    For 2023, First Savings And Loan Association's most frequently cited loan duration was Other, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 13 $2,035,000 $156,538 $0 0.00%
    $200k-400k 5 $1,315,000 $263,000 $0 0.00%
    $400k-600k 2 $920,000 $460,000 $0 0.00%
    $600k-1MM 2 $1,210,000 $605,000 $0 0.00%
    $100,000 or less 1 $45,000 $45,000 $0 0.00%

    2023 saw First Savings And Loan Association place emphasis on $100k-200k loans with 13 originations, totaling $2,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $2,285,000 $326,429 $0 0.00%
    $150k-250k 3 $1,225,000 $408,333 $0 0.00%
    $50k-75k 3 $465,000 $155,000 $0 0.00%
    $75k-100k 3 $595,000 $198,333 $0 0.00%
    $250k+ 1 $105,000 $105,000 $0 0.00%
    $50k or less 1 $115,000 $115,000 $0 0.00%

    First Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 23 $5,525,000 $240,217 $0 0.00%

    First Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 17 $4,325,000 $254,412 $0 0.00%
    Not applicable 5 $735,000 $147,000 $0 0.00%
    Asian 1 $465,000 $465,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    First Savings And Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.65%

    First Savings And Loan Association has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 23 $5,525,000 $240,217

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    23 $5,525,000 $240,217