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

Lancaster, OH

LEI: 549300SICEH17XJOAN86

Tax ID: 31-4176480

Latest/2024 | 2023 Data | 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 and Refi 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

    102

    Origination Dollar Volume (All Markets)

    $19,070,000

    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) 102 $19,070,000 $186,961 $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 102 $19,070,000 $186,961 $0 0.00%

    For 2024, Fairfield Federal Savings And Loan Association Of Lancaster's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $12,015,000 $267,000 $0 0.00%
    Refi 31 $5,445,000 $175,645 $0 0.00%
    Other 26 $1,610,000 $61,923 $0 0.00%

    For 2024, Fairfield Federal Savings And Loan Association Of Lancaster's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 102 $19,070,000 $186,961 $0 0.00%

    For 2024, Fairfield Federal Savings And Loan Association Of Lancaster's most frequently cited loan duration was Other, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $2,010,000 $55,833 $0 0.00%
    $200k-400k 30 $8,430,000 $281,000 $0 0.00%
    $100k-200k 29 $4,235,000 $146,034 $0 0.00%
    $600k-1MM 4 $2,970,000 $742,500 $0 0.00%
    $400k-600k 3 $1,425,000 $475,000 $0 0.00%

    2024 saw Fairfield Federal Savings And Loan Association Of Lancaster place emphasis on $100,000 or less loans with 36 originations, totaling $2,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $3,890,000 $194,500 $0 0.00%
    $150k-250k 17 $3,775,000 $222,059 $0 0.00%
    $50k-75k 17 $3,025,000 $177,941 $0 0.00%
    $75k-100k 13 $1,255,000 $96,538 $0 0.00%
    $50k or less 12 $720,000 $60,000 $0 0.00%
    $250k+ 10 $4,290,000 $429,000 $0 0.00%

    Fairfield Federal Savings And Loan Association Of Lancaster lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 102 $19,070,000 $186,961 $0 0.00%

    Fairfield Federal Savings And Loan Association Of Lancaster lent most frequently to those with DTI ratios of Exempt%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $14,430,000 $171,786 $0 0.00%
    Not applicable 13 $2,115,000 $162,692 $0 0.00%
    Asian 2 $1,280,000 $640,000 $0 0.00%
    Black 2 $1,040,000 $520,000 $0 0.00%
    Not provided 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.63%

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

    Pick Rate

    Approvals leading to origination
    68.63%

    Fairfield Federal Savings And Loan Association Of Lancaster 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
    Exempt 102 $19,070,000 $186,961

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    102 $19,070,000 $186,961