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

Jump to:

  • 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)

    • 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% 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

    288

    Origination Dollar Volume (All Markets)

    $53,770,000

    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

    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) 281 $51,825,000 $184,431 $1,958 3.91%
    CHARLESTON, WV (FHA|USDA|VA) 6 $1,080,000 $180,000 $2,165 3.65%
    Outside of Metro Areas 1 $865,000 $865,000 $0 5.75%
    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: 9
    City National Bank of West Virginia
    Similarity Rank: 111
    DESCO
    Similarity Rank: 192
    The Ohio Valley Bank Company
    Similarity Rank: 646
    MYCUMORTGAGE, LLC
    Similarity Rank: 666
    ASHLAND Credit Union
    Similarity Rank: 672
    Summit Community Bank, Inc.
    Similarity Rank: 810
    Community Trust Bank, Inc.
    Similarity Rank: 1296
    United Bank
    Similarity Rank: 1515
    Peoples Bank
    Similarity Rank: 1560

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $53,770,000 $186,701 $1,963 3.91%

    For 2022, Huntington Federal Savings Bank's most frequently originated type of loan was Conventional, with 288 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 152 $29,560,000 $194,474 $1,620 3.64%
    Home Purchase 136 $24,210,000 $178,015 $2,297 4.22%

    For 2022, Huntington Federal Savings Bank's most frequently cited loan purpose was Refi, with 152 originations. The 2nd most popular reason was Home Purchase, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 117 $20,435,000 $174,658 $2,130 4.20%
    15 Year 84 $18,860,000 $224,524 $1,831 3.35%
    20 Year 59 $11,015,000 $186,695 $1,885 3.98%
    Other 17 $1,595,000 $93,824 $1,003 4.26%
    10 Year 8 $790,000 $98,750 $1,359 3.89%
    30+ year 2 $1,040,000 $520,000 $5,293 4.88%
    5 Year 1 $35,000 $35,000 $0 5.50%

    For 2022, Huntington Federal Savings Bank's most frequently cited loan duration was 30 Year, with 117 originations. The 2nd most popular length was 15 Year, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 168 $19,140,000 $113,929
    $1k-2k 56 $15,330,000 $273,750
    $2k-3k 8 $2,490,000 $311,250
    $5k+ 1 $755,000 $755,000

    Huntington Federal Savings Bank's average total fees were $2,130, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 168 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 81 $20,295,000 $250,556
    4-5% 69 $11,065,000 $160,362
    5-6% 64 $10,750,000 $167,969
    2.5-3% 47 $7,345,000 $156,277
    <2.5% 27 $4,315,000 $159,815

    During 2022, Huntington Federal Savings Bank's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 3-4%, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 107 $15,625,000 $146,028 $1,977 3.79%
    $100,000 or less 103 $6,505,000 $63,155 $1,443 3.97%
    $200k-400k 58 $15,510,000 $267,414 $2,514 4.06%
    $400k-600k 13 $6,575,000 $505,769 $2,717 3.50%
    $600k-1MM 4 $3,250,000 $812,500 $5,071 4.81%
    $1MM+ 3 $6,305,000 $2,101,667 $0 3.88%

    2022 saw Huntington Federal Savings Bank place emphasis on $100k-200k loans with 107 originations, totaling $15,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 57 $6,815,000 $119,561 $1,813 3.71%
    $75k-100k 51 $7,605,000 $149,118 $2,025 4.04%
    $100k-150k 50 $8,450,000 $169,000 $2,044 3.89%
    $50k or less 35 $2,765,000 $79,000 $1,583 3.66%
    $150k-250k 31 $7,225,000 $233,065 $2,294 3.81%
    $250k+ 20 $6,430,000 $321,500 $2,606 3.62%

    Huntington Federal Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $75k-100k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 97 $15,485,000 $159,639 $1,958 3.89%
    <20% 92 $14,830,000 $161,196 $1,928 3.84%
    30-36% 40 $7,000,000 $175,000 $2,132 3.88%
    >60% 10 $2,810,000 $281,000 $1,445 4.24%
    37% 6 $850,000 $141,667 $1,994 4.15%
    43% 5 $665,000 $133,000 $1,958 3.60%
    36% 4 $370,000 $92,500 $1,882 3.25%
    49% 4 $640,000 $160,000 $1,199 4.44%
    42% 3 $925,000 $308,333 $2,221 4.25%
    50-60% 3 $185,000 $61,667 $827 4.63%
    38% 3 $615,000 $205,000 $2,154 4.54%
    47% 2 $640,000 $320,000 $0 4.13%
    48% 2 $770,000 $385,000 $2,348 3.19%
    40% 2 $290,000 $145,000 $1,974 4.38%
    39% 2 $260,000 $130,000 $1,542 3.88%
    46% 2 $380,000 $190,000 $2,083 4.19%
    45% 1 $125,000 $125,000 $1,671 2.50%
    44% 1 $405,000 $405,000 $2,800 2.50%
    41% 1 $105,000 $105,000 $0 5.88%

    Huntington Federal Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? <20%, with 92 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 222 $36,710,000 $165,360 $1,965 3.79%
    Not applicable 38 $12,350,000 $325,000 $0 4.58%
    Not provided 15 $2,725,000 $181,667 $1,795 3.86%
    Asian 5 $825,000 $165,000 $1,908 3.35%
    American Indian 3 $645,000 $215,000 $2,642 5.29%
    Black 5 $515,000 $103,000 $1,970 4.23%

    Approval Rates

    Total approvals of all applications
    94.63%

    Huntington Federal Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.26%

    Huntington Federal Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 288 $53,770,000 $186,701

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    288 $53,770,000 $186,701

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $2,550,000 $115,909 $1,617 3.71%
    40-60% 37 $9,045,000 $244,459 $1,638 3.53%
    60-80% 111 $21,355,000 $192,387 $1,903 3.93%
    80-100% 98 $18,140,000 $185,102 $2,335 4.00%
    Over 100% 6 $1,600,000 $266,667 $2,269 3.79%
    Under 20% 14 $1,080,000 $77,143 $880 4.46%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Struggling to pay mortgage 1 50.0%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Trouble during payment process 1 50.0%