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 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

    156

    Origination Dollar Volume (All Markets)

    $37,810,000

    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) 156 $37,810,000 $242,372 $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 156 $37,810,000 $242,372 $0 0.00%

    For 2022, Fairfield Federal Savings And Loan Association Of Lancaster's most frequently originated type of loan was Conventional, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 80 $24,490,000 $306,125 $0 0.00%
    Refi 70 $13,030,000 $186,143 $0 0.00%
    Other 6 $290,000 $48,333 $0 0.00%

    For 2022, Fairfield Federal Savings And Loan Association Of Lancaster's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 156 $37,810,000 $242,372 $0 0.00%

    For 2022, Fairfield Federal Savings And Loan Association Of Lancaster's most frequently cited loan duration was Other, with 156 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 54 $15,000,000 $277,778 $0 0.00%
    $100k-200k 49 $7,085,000 $144,592 $0 0.00%
    $100,000 or less 28 $1,830,000 $65,357 $0 0.00%
    $400k-600k 17 $7,955,000 $467,941 $0 0.00%
    $600k-1MM 7 $4,935,000 $705,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2022 saw Fairfield Federal Savings And Loan Association Of Lancaster place emphasis on $200k-400k loans with 54 originations, totaling $15,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 43 $9,465,000 $220,116 $0 0.00%
    $150k-250k 23 $9,365,000 $407,174 $0 0.00%
    $75k-100k 21 $4,025,000 $191,667 $0 0.00%
    $50k or less 20 $2,310,000 $115,500 $0 0.00%
    $50k-75k 13 $1,925,000 $148,077 $0 0.00%
    $250k+ 8 $4,440,000 $555,000 $0 0.00%

    Fairfield Federal Savings And Loan Association Of Lancaster lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $150k-250k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 156 $37,810,000 $242,372 $0 0.00%

    Fairfield Federal Savings And Loan Association Of Lancaster lent most frequently to those with DTI ratios of Exempt%, with 156 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 124 $29,230,000 $235,726 $0 0.00%
    Not applicable 24 $5,410,000 $225,417 $0 0.00%
    Black 5 $1,935,000 $387,000 $0 0.00%
    Not provided 2 $830,000 $415,000 $0 0.00%
    Asian 1 $405,000 $405,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.29%

    Fairfield Federal Savings And Loan Association Of Lancaster 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
    76.28%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 156 $37,810,000 $242,372

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    156 $37,810,000 $242,372