Huntington Federal Savings Bank Mortgage Rates, Fees & Info

Huntington, WV

LEI: 549300VSOJCMQO84C619

Tax ID: 55-0199620

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Huntington Federal Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Huntington Federal Savings Bank has a high proportion of conventional loans. Their top two markets are Huntington and Point Pleasant .

    Huntington Federal Savings Bank has an 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 about average 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% 12/16/24
    30 Year Conventional Refi 5.43% 12/16/24
    15 Year Conventional Purchase 4.86% 12/16/24
    15 Year Conventional Refi 4.97% 12/16/24
    15 Year Cash-out Refi 4.97% 12/16/24
    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

    218

    Origination Dollar Volume (All Markets)

    $32,410,000

    Employee count

    96

    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 silver
    Show all (3) awards

    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) 217 $32,265,000 $148,687 $1,724 4.21%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $145,000 $145,000 $1,766 3.88%
    Huntington Federal Savings Bank's top markets include Huntington 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: 12
    Liberty Bank
    Similarity Rank: 64
    The Ohio Valley Bank Company
    Similarity Rank: 126
    City National Bank of West Virginia
    Similarity Rank: 234
    DESCO
    Similarity Rank: 242
    Community Trust Bank, Inc.
    Similarity Rank: 588
    MYCUMORTGAGE, LLC
    Similarity Rank: 770
    Peoples Bank
    Similarity Rank: 826
    The First State Bank
    Similarity Rank: 893
    United Bank
    Similarity Rank: 1281

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 218 $32,410,000 $148,670 $1,725 4.21%

    For 2019, Huntington Federal Savings Bank's most frequently originated type of loan was Conventional, with 218 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 135 $19,585,000 $145,074 $1,450 4.21%
    Home Purchase 82 $12,770,000 $155,732 $2,105 4.19%
    Home Improvement 1 $55,000 $55,000 $1,371 4.63%

    For 2019, Huntington Federal Savings Bank's most frequently cited loan purpose was Refi, with 135 originations. The 2nd most popular reason was Home Purchase, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 89 $13,625,000 $153,090 $1,884 4.16%
    20 Year 53 $7,585,000 $143,113 $1,643 4.34%
    15 Year 51 $7,025,000 $137,745 $1,536 3.95%
    Other 11 $2,775,000 $252,273 $861 5.33%
    10 Year 8 $390,000 $48,750 $1,138 4.02%
    30+ year 5 $995,000 $199,000 $2,942 3.98%
    5 Year 1 $15,000 $15,000 $617 4.50%

    For 2019, Huntington Federal Savings Bank's most frequently cited loan duration was 30 Year, with 89 originations. The 2nd most popular length was 20 Year, with 53 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 136 $14,230,000 $104,632
    $1k-2k 31 $7,735,000 $249,516
    $2k-3k 2 $670,000 $335,000

    Huntington Federal Savings Bank's average total fees were $1,884, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 136 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 110 $18,590,000 $169,000
    3-4% 100 $13,640,000 $136,400
    5-6% 7 $145,000 $20,714
    6-7% 1 $35,000 $35,000

    During 2019, Huntington Federal Savings Bank's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 4-5%, with 110 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 100 $6,150,000 $61,500 $1,336 4.21%
    $100k-200k 76 $10,980,000 $144,474 $1,864 4.17%
    $200k-400k 33 $8,745,000 $265,000 $2,420 4.23%
    $400k-600k 6 $2,700,000 $450,000 $2,403 4.21%
    $600k-1MM 2 $1,730,000 $865,000 $0 4.63%
    $1MM+ 1 $2,105,000 $2,105,000 $0 4.50%

    2019 saw Huntington Federal Savings Bank place emphasis on $100,000 or less loans with 100 originations, totaling $6,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $8,260,000 $179,565 $1,951 4.21%
    $50k-75k 45 $5,055,000 $112,333 $1,665 4.27%
    $50k or less 45 $3,745,000 $83,222 $1,505 3.97%
    $75k-100k 23 $2,595,000 $112,826 $1,628 4.16%
    $150k-250k 21 $3,495,000 $166,429 $2,042 4.11%
    $250k+ 12 $1,960,000 $163,333 $1,956 4.26%

    Huntington Federal Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $50k-75k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 78 $10,710,000 $137,308 $1,725 4.24%
    20-30% 56 $6,390,000 $114,107 $1,704 4.16%
    30-36% 25 $3,335,000 $133,400 $1,647 4.02%
    >60% 6 $570,000 $95,000 $1,273 4.65%
    48% 6 $1,160,000 $193,333 $1,753 3.88%
    40% 5 $925,000 $185,000 $2,030 3.85%
    42% 5 $775,000 $155,000 $2,177 4.08%
    50-60% 5 $1,025,000 $205,000 $2,069 4.38%
    36% 4 $500,000 $125,000 $1,717 3.94%
    46% 4 $580,000 $145,000 $1,754 4.31%
    41% 4 $410,000 $102,500 $1,164 4.41%
    37% 3 $395,000 $131,667 $2,584 4.63%
    43% 2 $200,000 $100,000 $1,246 5.25%
    49% 2 $550,000 $275,000 $2,185 4.25%
    44% 2 $440,000 $220,000 $2,058 4.50%
    39% 2 $180,000 $90,000 $1,667 4.13%
    45% 1 $205,000 $205,000 $2,682 4.63%
    38% 1 $85,000 $85,000 $1,384 4.63%
    47% 1 $145,000 $145,000 $1,587 4.63%

    Huntington Federal Savings Bank lent most frequently to those with DTI ratios of <20%, with 78 originations. The next most common DTI ratio? 20-30%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 152 $19,570,000 $128,750 $1,720 4.14%
    Not applicable 21 $6,345,000 $302,143 $0 4.69%
    Not provided 41 $6,145,000 $149,878 $1,785 4.19%
    Black 3 $265,000 $88,333 $1,419 4.38%
    American Indian 1 $85,000 $85,000 $1,538 4.63%

    Approval Rates

    Total approvals of all applications
    89.56%

    Huntington Federal Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.36%

    Huntington Federal Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 218 $32,410,000 $148,670

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $410,000 $205,000
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 215 $31,925,000 $148,488

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,240,000 $62,000 $1,212 4.16%
    40-60% 27 $2,735,000 $101,296 $1,491 3.99%
    60-80% 98 $17,140,000 $174,898 $1,735 4.22%
    80-100% 65 $11,015,000 $169,462 $2,071 4.12%
    Over 100% 1 $95,000 $95,000 $0 4.88%
    Under 20% 7 $185,000 $26,429 $739 5.63%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Trouble during payment process 3 5.2%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Trouble during payment process 2 3.4%
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Improper use of your report 1 1.7%
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Struggling to pay mortgage 1 1.7%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 6.9%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Closing on a mortgage 3 5.2%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Struggling to pay mortgage 7 12.1%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Trouble during payment process 22 37.9%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Closing on a mortgage 2 3.4%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Struggling to pay mortgage 1 1.7%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Trouble during payment process 3 5.2%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 5.2%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Closing on a mortgage 2 3.4%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Struggling to pay mortgage 4 6.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Huntington Federal Savings Bank 1049 5th Avenue Huntington, WV 25701 Full Service B&M $288,097
    Huntington Federal Savings Bank 380 Huntington Mall Barboursville, WV 25504 Full Service B&M $41,949
    Huntington Federal Savings Bank 5 Putnam Village Drive Hurricane, WV 25526 Full Service B&M $25,276
    Huntington Federal Savings Bank 500 Camden Road Huntington, WV 25704 Full Service B&M $40,125
    Huntington Federal Savings Bank 5175 Us Route 60 East Huntington, WV 25705 Full Service B&M $47,154

    For 2019, Huntington Federal Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,235
    Net interest income $10,900
    Total noninterest income $159
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $163
    Trading account gains and fees $0
    Additional Noninterest Income $-4
    Pre-tax net operating income $1,219
    Securities gains (or losses, -) $0
    Income before extraordinary items $929
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $929
    Minority interest net income $0
    Net income $929
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $929

    Huntington Federal Savings Bank's gross interest income from loans was $17,235,000.
    Huntington Federal Savings Bank's net interest income from loans was $10,900,000.
    Huntington Federal Savings Bank's fee based income from loans was $163,000.
    Huntington Federal Savings Bank's net income from loans was $929,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,335
    Provision for credit losses $0
    Total noninterest expense $9,840
    Salaries and employee benefits $5,652
    Premises and equipment expense $994
    Additional noninterest expense $3,194
    Applicable income taxes $290
    Net charge-offs $76
    Cash dividends $0

    Huntington Federal Savings Bank's interest expense for loans was $6,335,000.
    Huntington Federal Savings Bank's payroll and benefits expense were $5,652,000.
    Huntington Federal Savings Bank's property, plant and equipment expenses $994,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $453,766
    Deposits held in domestic offices $453,766
    Deposits by Individuals, partnerships, and corporations $453,765
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $39,544
    Demand deposits $8,800
    Nontransaction accounts $414,222
    Money market deposit accounts (MMDAs) $2,802
    Other savings deposits (excluding MMDAs) $148,059
    Total time deposits $263,361
    Total time and savings deposits $444,966
    Noninterest-bearing deposits $9,618
    Interest-bearing deposits $444,148
    Retail deposits $416,109
    IRAs and Keogh plan accounts $72,098
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $544,632
    Cash & Balances due from depository institutions $27,613
    Interest-bearing balances $18,130
    Total securities $285,623
    Federal funds sold & reverse repurchase $0
    Net loans and leases $223,713
    Loan and leases loss allowance $1,549
    Trading account assets $0
    Bank premises and fixed assets $4,110
    Other real estate owned $326
    Goodwill and other intangibles $0
    All other assets $3,247

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $544,631
    Total Liabilities $456,512
    Total deposits $453,766
    Interest-bearing deposits $444,148
    Deposits held in domestic offices $453,766
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,746

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $223,713
    Loan and leases loss allowance $1,549
    Total loans and leases (domestic) $225,262
    All real estate loans $224,198
    Real estate loans in domestic offices $224,198
    Construction and development loans $2,408
    Residential 1-4 family construction $1,786
    Other construction, all land development and other land $622
    Loans secured by nonfarm nonresidential properties $12,053
    Nonfarm nonresidential secured by owner-occupied properties $4,351
    Commercial real estate & other non-farm, non-residential $7,702
    Multifamily residential real estate $17,417
    1-4 family residential loans $192,320
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $1,195
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,195
    All other loans & leases $45
    Loans to foreign governments and official institutions $0
    Other loans $45
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Huntington Federal Savings Bank had $223,713,000 of loans outstanding in 2019. $224,198,000 of loans were in real estate loans. $2,408,000 of loans were in development loans. $17,417,000 of loans were in multifamily mortgage loans. $192,320,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 52 $9,503 $182,750
    Nonfarm, nonresidential loans - <$100k 11 $278 $25,273
    Nonfarm, nonresidential loans - $100-250k 16 $1,602 $100,125
    Nonfarm, nonresidential loans - $250k-1MM 25 $7,623 $304,920