Fairfield Federal Savings And Loan Association Of Lancaster Mortgage Rates, Fees & Info

Lancaster, OH

LEI: 549300SICEH17XJOAN86

Tax ID: 31-4176480

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

    Fairfield Federal Savings And Loan Association Of Lancaster is a smaller mortgage company specializing in Home Purchase loans. Fairfield Federal Savings And Loan Association Of Lancaster has a high proportion of conventional loans. Their top (well, only) market is Columbus.

    Fairfield Federal Savings And Loan Association Of Lancaster 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.

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    Originations

    137

    Origination Dollar Volume (All Markets)

    $20,195,000

    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
    COLUMBUS, OH (FHA|USDA|VA) 137 $20,195,000 $147,409 $0 0.00%
    Fairfield Federal Savings And Loan Association Of Lancaster's top markets include and Columbus among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 137 $20,195,000 $147,409 $0 0.00%

    For 2023, Fairfield Federal Savings And Loan Association Of Lancaster's most frequently originated type of loan was Conventional, with 137 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 61 $14,795,000 $242,541 $0 0.00%
    Other 51 $2,285,000 $44,804 $0 0.00%
    Refi 25 $3,115,000 $124,600 $0 0.00%

    For 2023, Fairfield Federal Savings And Loan Association Of Lancaster's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Other, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 137 $20,195,000 $147,409 $0 0.00%

    For 2023, Fairfield Federal Savings And Loan Association Of Lancaster's most frequently cited loan duration was Other, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $3,490,000 $48,472 $0 0.00%
    $100k-200k 32 $4,500,000 $140,625 $0 0.00%
    $200k-400k 23 $6,715,000 $291,957 $0 0.00%
    $400k-600k 6 $2,790,000 $465,000 $0 0.00%
    $600k-1MM 4 $2,700,000 $675,000 $0 0.00%

    2023 saw Fairfield Federal Savings And Loan Association Of Lancaster place emphasis on $100,000 or less loans with 72 originations, totaling $3,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $4,440,000 $158,571 $0 0.00%
    $50k-75k 26 $2,090,000 $80,385 $0 0.00%
    $150k-250k 21 $4,675,000 $222,619 $0 0.00%
    $50k or less 21 $1,055,000 $50,238 $0 0.00%
    $75k-100k 17 $1,385,000 $81,471 $0 0.00%
    $250k+ 10 $4,400,000 $440,000 $0 0.00%

    Fairfield Federal Savings And Loan Association Of Lancaster lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 137 $20,195,000 $147,409 $0 0.00%

    Fairfield Federal Savings And Loan Association Of Lancaster lent most frequently to those with DTI ratios of Exempt%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $17,260,000 $143,833 $0 0.00%
    Not applicable 13 $2,095,000 $161,154 $0 0.00%
    Other Asian 1 $435,000 $435,000 $0 0.00%
    Asian 1 $195,000 $195,000 $0 0.00%
    Black 1 $165,000 $165,000 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.25%

    Fairfield Federal Savings And Loan Association Of Lancaster has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.45%

    Fairfield Federal Savings And Loan Association Of Lancaster has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 137 $20,195,000 $147,409

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    137 $20,195,000 $147,409