Fairfield Federal Savings And Loan Association Of Lancaster Mortgage Rates, Fees & Info
Lancaster, OHLEI: 549300SICEH17XJOAN86
Tax ID: 31-4176480
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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.
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.
Originations
137Origination Dollar Volume (All Markets)
$20,195,000Top 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% |
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
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
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
Approval Rates
Total approvals of all applications91.25%
Fairfield Federal Savings And Loan Association Of Lancaster has an average approval rate.
Pick Rate
Approvals leading to origination74.45%
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 |