Huntington Federal Savings Bank Mortgage Rates, Fees & Info

Huntington, WV

LEI: 549300VSOJCMQO84C619

Tax ID: 55-0199620

5 stars - Updated: 11/17/24 - out of 5 stars, based on 14 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Huntington Federal Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Huntington Federal Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Charleston, and Point Pleasant among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Huntington Federal Savings Bank 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. Huntington Federal Savings Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.33% 11/17/24
    30 Year Conventional Refi 5.43% 11/17/24
    15 Year Conventional Purchase 4.86% 11/17/24
    15 Year Conventional Refi 4.97% 11/17/24
    15 Year Cash-out Refi 4.97% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Huntington Federal Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Huntington Federal Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    193

    Origination Dollar Volume (All Markets)

    $37,515,000

    Awards

    Huntington Federal Savings Bank 30 Year Conventional Loans gold Huntington Federal Savings Bank 30 Year Conventional Loans gold Huntington Federal Savings Bank 30 Year Conventional Loans gold Huntington Federal Savings Bank 30 Year Conventional Loans silver
    Show all (4) awards

    Relative Rate

    Huntington Federal Savings Bank's average 30 year fixed mortgage rate was 6.14%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.34%.

    Relative Fees (Closing Costs)

    Huntington Federal Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,549.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 189 $36,625,000 $193,783 $2,184 6.14%
    CHARLESTON, WV (FHA|USDA|VA) 3 $665,000 $221,667 $3,248 6.58%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $225,000 $225,000 $2,957 6.00%
    Huntington Federal Savings Bank's top markets include Huntington, Charleston, and Point Pleasant among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Huntington Federal Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Huntington Federal Savings Bank
    Similarity Rank: 15
    DESCO
    Similarity Rank: 108
    The Ohio Valley Bank Company
    Similarity Rank: 120
    City National Bank of West Virginia
    Similarity Rank: 176
    Community Trust Bank, Inc.
    Similarity Rank: 378
    MYCUMORTGAGE, LLC
    Similarity Rank: 1292
    Summit Community Bank, Inc.
    Similarity Rank: 1440
    Peoples Bank
    Similarity Rank: 1495
    ASHLAND Credit Union
    Similarity Rank: 1645
    United Bank
    Similarity Rank: 1672

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 193 $37,515,000 $194,378 $2,211 6.15%

    For 2023, Huntington Federal Savings Bank's most frequently originated type of loan was Conventional, with 193 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 115 $24,705,000 $214,826 $2,608 6.12%
    Refi 78 $12,810,000 $164,231 $1,484 6.19%

    For 2023, Huntington Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 115 originations. The 2nd most popular reason was Refi, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 91 $18,085,000 $198,736 $2,549 6.14%
    15 Year 42 $4,670,000 $111,190 $1,842 5.79%
    20 Year 39 $9,675,000 $248,077 $2,082 6.35%
    Other 15 $4,065,000 $271,000 $737 6.95%
    10 Year 3 $235,000 $78,333 $1,715 5.08%
    30+ year 2 $750,000 $375,000 $4,469 5.13%
    3 Year 1 $35,000 $35,000 $784 6.75%

    For 2023, Huntington Federal Savings Bank's most frequently cited loan duration was 30 Year, with 91 originations. The 2nd most popular length was 15 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 100 $10,710,000 $107,100
    $1k-2k 35 $8,495,000 $242,714
    $2k-3k 12 $4,210,000 $350,833
    $3k-4k 2 $870,000 $435,000
    $4k-5k 1 $495,000 $495,000

    Huntington Federal Savings Bank's average total fees were $2,549, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 100 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 91 $21,505,000 $236,319
    5-6% 79 $13,625,000 $172,468
    7-8% 13 $1,515,000 $116,538
    4-5% 10 $870,000 $87,000

    During 2023, Huntington Federal Savings Bank's average interest rate for loans was 6.14%, while their most frequently originated rate bucket for loans was 6-7%, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $4,140,000 $57,500 $1,412 6.13%
    $100k-200k 62 $9,050,000 $145,968 $2,230 6.15%
    $200k-400k 47 $12,745,000 $271,170 $2,935 6.15%
    $400k-600k 8 $3,830,000 $478,750 $4,024 6.06%
    $1MM+ 2 $6,420,000 $3,210,000 $0 6.69%
    $600k-1MM 2 $1,330,000 $665,000 $3,474 6.38%

    2023 saw Huntington Federal Savings Bank place emphasis on $100,000 or less loans with 72 originations, totaling $4,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $7,440,000 $177,143 $2,395 6.22%
    $75k-100k 33 $4,405,000 $133,485 $2,124 6.00%
    $50k-75k 28 $3,090,000 $110,357 $1,991 5.91%
    $150k-250k 24 $5,650,000 $235,417 $2,678 6.02%
    $50k or less 23 $1,525,000 $66,304 $1,514 6.10%
    $250k+ 14 $4,080,000 $291,429 $3,335 6.27%

    Huntington Federal Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $75k-100k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 60 $9,120,000 $152,000 $2,134 6.11%
    <20% 56 $7,550,000 $134,821 $1,984 6.08%
    30-36% 32 $6,120,000 $191,250 $2,536 6.21%
    41% 6 $1,070,000 $178,333 $2,720 5.92%
    44% 4 $840,000 $210,000 $2,409 6.22%
    37% 3 $475,000 $158,333 $2,218 6.21%
    39% 3 $615,000 $205,000 $2,268 5.71%
    50-60% 3 $1,105,000 $368,333 $1,939 6.96%
    >60% 2 $530,000 $265,000 $0 7.13%
    36% 2 $990,000 $495,000 $4,259 5.50%
    40% 2 $350,000 $175,000 $2,287 6.25%
    46% 2 $320,000 $160,000 $2,093 5.75%
    47% 1 $155,000 $155,000 $1,983 5.38%
    43% 1 $25,000 $25,000 $785 6.50%
    38% 1 $75,000 $75,000 $0 6.38%

    Huntington Federal Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 60 originations. The next most common DTI ratio? <20%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 149 $24,105,000 $161,779 $2,231 6.08%
    Not applicable 27 $11,055,000 $409,444 $416 6.53%
    Not provided 11 $1,845,000 $167,727 $2,507 6.31%
    Black 5 $415,000 $83,000 $1,613 5.88%
    Asian 1 $95,000 $95,000 $1,856 5.75%

    Approval Rates

    Total approvals of all applications
    90.48%

    Huntington Federal Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.20%

    Huntington Federal Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 193 $37,515,000 $194,378

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    193 $37,515,000 $194,378

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $1,390,000 $77,222 $1,588 5.85%
    40-60% 22 $3,230,000 $146,818 $2,046 5.93%
    60-80% 68 $15,290,000 $224,853 $2,116 6.12%
    80-100% 66 $16,450,000 $249,242 $2,896 6.26%
    Over 100% 3 $685,000 $228,333 $2,478 6.13%
    Under 20% 16 $470,000 $29,375 $861 6.43%