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 Charleston .

    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 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% 4/28/24
    30 Year Conventional Refi 5.43% 4/28/24
    15 Year Conventional Purchase 4.86% 4/28/24
    15 Year Conventional Refi 4.97% 4/28/24
    15 Year Cash-out Refi 4.97% 4/28/24
    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

    388

    Origination Dollar Volume (All Markets)

    $61,200,000

    Employee count

    99

    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
    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) 383 $59,665,000 $155,783 $1,748 3.01%
    CHARLESTON, WV (FHA|USDA|VA) 3 $975,000 $325,000 $2,243 3.21%
    Outside of Metro Areas 2 $560,000 $280,000 $2,458 2.88%
    Huntington Federal Savings Bank's top markets include Huntington and Charleston 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
    DESCO
    Similarity Rank: 392
    Community Trust Bank, Inc.
    Similarity Rank: 590
    ASHLAND Credit Union
    Similarity Rank: 987
    The Ohio Valley Bank Company
    Similarity Rank: 1178
    MYCUMORTGAGE, LLC
    Similarity Rank: 1397
    City National Bank of West Virginia
    Similarity Rank: 1470
    Summit Community Bank, Inc.
    Similarity Rank: 2052
    Peoples Bank
    Similarity Rank: 2183
    United Bank
    Similarity Rank: 2619

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 388 $61,200,000 $157,732 $1,755 3.01%

    For 2021, Huntington Federal Savings Bank's most frequently originated type of loan was Conventional, with 388 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 265 $44,845,000 $169,226 $1,642 2.92%
    Home Purchase 123 $16,355,000 $132,967 $2,022 3.20%

    For 2021, Huntington Federal Savings Bank's most frequently cited loan purpose was Refi, with 265 originations. The 2nd most popular reason was Home Purchase, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 149 $24,675,000 $165,604 $1,875 3.00%
    15 Year 120 $17,860,000 $148,833 $1,655 2.83%
    20 Year 95 $16,105,000 $169,526 $1,709 3.21%
    10 Year 13 $1,205,000 $92,692 $1,390 2.92%
    Other 10 $1,000,000 $100,000 $1,071 3.46%
    30+ year 1 $355,000 $355,000 $4,148 2.88%

    For 2021, Huntington Federal Savings Bank's most frequently cited loan duration was 30 Year, with 149 originations. The 2nd most popular length was 15 Year, with 120 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 271 $33,095,000 $122,122
    $1k-2k 46 $12,030,000 $261,522
    $2k-3k 4 $2,460,000 $615,000
    $3k-4k 1 $355,000 $355,000

    Huntington Federal Savings Bank's average total fees were $1,875, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 271 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 140 $23,400,000 $167,143
    <2.5% 104 $13,560,000 $130,385
    3-4% 80 $13,870,000 $173,375
    4-5% 64 $10,370,000 $162,031

    During 2021, Huntington Federal Savings Bank's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 140 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 168 $24,240,000 $144,286 $1,762 2.94%
    $100,000 or less 139 $9,065,000 $65,216 $1,428 3.05%
    $200k-400k 69 $17,485,000 $253,406 $2,174 3.03%
    $400k-600k 7 $3,405,000 $486,429 $2,768 3.00%
    $600k-1MM 3 $2,345,000 $781,667 $3,677 3.25%
    $1MM+ 2 $4,660,000 $2,330,000 $0 4.13%

    2021 saw Huntington Federal Savings Bank place emphasis on $100k-200k loans with 168 originations, totaling $24,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 78 $9,700,000 $124,359 $1,706 2.86%
    $100k-150k 69 $10,915,000 $158,188 $1,860 2.84%
    $50k or less 67 $5,495,000 $82,015 $1,491 2.82%
    $75k-100k 61 $8,365,000 $137,131 $1,769 2.72%
    $150k-250k 52 $11,570,000 $222,500 $1,949 2.74%
    $250k+ 11 $3,195,000 $290,455 $2,700 3.51%

    Huntington Federal Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 78 originations. The second most popular income band? $100k-150k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 142 $18,530,000 $130,493 $1,684 2.92%
    20-30% 123 $19,255,000 $156,545 $1,824 2.92%
    30-36% 38 $5,740,000 $151,053 $1,705 2.80%
    38% 8 $2,000,000 $250,000 $1,961 3.25%
    >60% 7 $2,365,000 $337,857 $0 4.29%
    36% 7 $1,065,000 $152,143 $1,813 2.98%
    40% 7 $815,000 $116,429 $1,688 3.23%
    50-60% 6 $680,000 $113,333 $1,829 3.60%
    44% 6 $700,000 $116,667 $1,639 2.81%
    43% 5 $665,000 $133,000 $1,658 2.83%
    41% 4 $770,000 $192,500 $1,846 2.50%
    37% 4 $930,000 $232,500 $2,983 2.88%
    39% 3 $385,000 $128,333 $1,622 3.79%
    42% 3 $455,000 $151,667 $1,720 2.54%
    45% 3 $635,000 $211,667 $1,864 2.96%
    46% 2 $300,000 $150,000 $1,455 3.44%
    48% 1 $175,000 $175,000 $1,774 2.88%
    49% 1 $135,000 $135,000 $1,090 3.13%
    47% 1 $215,000 $215,000 $1,976 2.63%

    Huntington Federal Savings Bank lent most frequently to those with DTI ratios of <20%, with 142 originations. The next most common DTI ratio? 20-30%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 277 $40,385,000 $145,794 $1,752 2.82%
    Not applicable 48 $11,640,000 $242,500 $0 4.30%
    Not provided 54 $8,280,000 $153,333 $1,812 2.84%
    Asian 3 $455,000 $151,667 $1,749 2.58%
    American Indian 2 $260,000 $130,000 $1,647 2.75%
    Black 4 $180,000 $45,000 $1,380 2.81%

    Approval Rates

    Total approvals of all applications
    93.99%

    Huntington Federal Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.96%

    Huntington Federal Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 388 $61,200,000 $157,732

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    388 $61,200,000 $157,732

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,480,000 $74,000 $1,364 2.68%
    40-60% 56 $6,670,000 $119,107 $1,611 2.88%
    60-80% 192 $33,630,000 $175,156 $1,727 3.06%
    80-100% 112 $19,070,000 $170,268 $1,992 3.02%
    Over 100% 2 $130,000 $65,000 $1,854 3.44%
    Under 20% 6 $220,000 $36,667 $928 3.06%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    HUNTINGTON NATIONAL BANK, THE VA mortgage Trouble during payment process 2 1.6%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 15 12.2%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Closing on a mortgage 7 5.7%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Struggling to pay mortgage 9 7.3%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Trouble during payment process 46 37.4%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.6%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Incorrect information on your report 2 1.6%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Struggling to pay mortgage 3 2.4%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Trouble during payment process 8 6.5%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 3.3%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Closing on a mortgage 5 4.1%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 0.8%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Trouble during payment process 6 4.9%
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 2.4%
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Closing on a mortgage 1 0.8%
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Struggling to pay mortgage 3 2.4%
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Trouble during payment process 4 3.3%
    HUNTINGTON NATIONAL BANK, THE VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.8%
    HUNTINGTON NATIONAL BANK, THE VA mortgage Closing on a mortgage 1 0.8%

    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 $299,726
    Huntington Federal Savings Bank 380 Huntington Mall Barboursville, WV 25504 Full Service B&M $41,514
    Huntington Federal Savings Bank 3903 Teays Valley Rd Hurricane, WV 25526 Full Service B&M $23,580
    Huntington Federal Savings Bank 5 Putnam Village Drive Hurricane, WV 25526 Full Service B&M $0
    Huntington Federal Savings Bank 500 Camden Road Huntington, WV 25704 Full Service B&M $41,173
    Huntington Federal Savings Bank 5175 Us Route 60 East Huntington, WV 25705 Full Service B&M $51,592

    For 2021, Huntington Federal Savings Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,932
    Net interest income $11,479
    Total noninterest income $353
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $167
    Trading account gains and fees $0
    Additional Noninterest Income $186
    Pre-tax net operating income $1,309
    Securities gains (or losses, -) $0
    Income before extraordinary items $955
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $955
    Minority interest net income $0
    Net income $955
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $955

    Huntington Federal Savings Bank's gross interest income from loans was $14,932,000.
    Huntington Federal Savings Bank's net interest income from loans was $11,479,000.
    Huntington Federal Savings Bank's fee based income from loans was $167,000.
    Huntington Federal Savings Bank's net income from loans was $955,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,453
    Provision for credit losses $100
    Total noninterest expense $10,423
    Salaries and employee benefits $6,092
    Premises and equipment expense $1,045
    Additional noninterest expense $3,286
    Applicable income taxes $354
    Net charge-offs $40
    Cash dividends $0

    Huntington Federal Savings Bank's interest expense for loans was $3,453,000.
    Huntington Federal Savings Bank's payroll and benefits expense were $6,092,000.
    Huntington Federal Savings Bank's property, plant and equipment expenses $1,045,000.

    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 3.0%
    Credit card loans 0.0%
    Other individual loans 3.0%
    Auto loans 0.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $454,224
    Deposits held in domestic offices $454,224
    Deposits by Individuals, partnerships, and corporations $454,222
    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 $52,785
    Demand deposits $10,187
    Nontransaction accounts $401,438
    Money market deposit accounts (MMDAs) $4,099
    Other savings deposits (excluding MMDAs) $193,542
    Total time deposits $203,796
    Total time and savings deposits $444,036
    Noninterest-bearing deposits $11,235
    Interest-bearing deposits $442,989
    Retail deposits $420,355
    IRAs and Keogh plan accounts $70,825
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $557,510
    Cash & Balances due from depository institutions $26,499
    Interest-bearing balances $13,243
    Total securities $267,931
    Federal funds sold & reverse repurchase $0
    Net loans and leases $252,507
    Loan and leases loss allowance $1,888
    Trading account assets $0
    Bank premises and fixed assets $6,914
    Other real estate owned $56
    Goodwill and other intangibles $0
    All other assets $3,603

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $557,510
    Total Liabilities $467,500
    Total deposits $454,224
    Interest-bearing deposits $442,989
    Deposits held in domestic offices $454,224
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $3,276

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $252,507
    Loan and leases loss allowance $1,888
    Total loans and leases (domestic) $254,395
    All real estate loans $253,072
    Real estate loans in domestic offices $253,072
    Construction and development loans $1,439
    Residential 1-4 family construction $480
    Other construction, all land development and other land $959
    Loans secured by nonfarm nonresidential properties $11,106
    Nonfarm nonresidential secured by owner-occupied properties $3,413
    Commercial real estate & other non-farm, non-residential $7,693
    Multifamily residential real estate $20,931
    1-4 family residential loans $219,596
    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 $1,607
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,607
    All other loans & leases $30
    Loans to foreign governments and official institutions $0
    Other loans $30
    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 $252,507,000 of loans outstanding in 2021. $253,072,000 of loans were in real estate loans. $1,439,000 of loans were in development loans. $20,931,000 of loans were in multifamily mortgage loans. $219,596,000 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 46 $9,249 $201,065
    Nonfarm, nonresidential loans - <$100k 10 $450 $45,000
    Nonfarm, nonresidential loans - $100-250k 16 $1,953 $122,063
    Nonfarm, nonresidential loans - $250k-1MM 20 $6,846 $342,300