First Federal Savings And Loan Association Of Port Angeles Mortgage Rates, Fees & Info

Port Angeles, WA

LEI: 549300XW2H531FLD3I90

Tax ID: 91-0369590

5 stars - Updated: 11/30/23 - out of 5 stars, based on 22 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    First Federal Savings And Loan Association Of Port Angeles is a smaller mortgage company specializing in Home Purchase loans. First Federal Savings And Loan Association Of Port Angeles has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Seattle, Port Angeles, Bellingham, Bremerton, and Olympia among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Federal Savings And Loan Association Of Port Angeles 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. First Federal Savings And Loan Association Of Port Angeles is typically an average 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 6.44% 11/30/23
    30 Year Conventional Refi 5.96% 11/30/23
    30 Year Cash-out Refi 6.57% 11/30/23
    30 Year VA Purchase 6.17% 11/30/23
    30 Year VA Refi 6.27% 11/30/23
    30 Year USDA Purchase 6.07% 11/30/23
    15 Year Conventional Purchase 6.21% 11/30/23
    15 Year Conventional Refi 6.06% 11/30/23
    15 Year Cash-out Refi 6.06% 11/30/23
    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.

    First Federal Savings And Loan Association Of Port Angeles Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First Federal Savings And Loan Association Of Port Angeles. 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

    465

    Origination Dollar Volume (All Markets)

    $369,325,000

    Awards

    First Federal Savings and Loan Association of Port Angeles 30 Year Conventional Loans silver First Federal Savings and Loan Association of Port Angeles 30 Year Conventional Loans bronze
    Show all (2) awards

    Relative Rate

    First Federal Savings And Loan Association Of Port Angeles's average 30 year fixed mortgage rate was 4.45%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.31%.

    Relative Fees (Closing Costs)

    First Federal Savings And Loan Association Of Port Angeles's average total fees/closing costs for a 30 year fixed rate mortgage were $5,339.

    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 $4,750.

    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
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 97 $162,175,000 $1,671,907 $6,342 4.37%
    Port Angeles, WA (FHA|USDA|VA) 176 $47,260,000 $268,523 $3,329 4.41%
    BELLINGHAM, WA (FHA|USDA|VA) 41 $42,435,000 $1,035,000 $6,167 4.36%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 37 $36,545,000 $987,703 $5,827 4.38%
    Outside of Metro Areas 57 $22,705,000 $398,333 $4,955 4.47%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 6 $12,180,000 $2,030,000 $4,170 3.91%
    YAKIMA, WA (FHA|USDA|VA) 7 $10,995,000 $1,570,714 $9,157 4.28%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $5,605,000 $1,868,333 $11,783 4.37%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 12 $5,440,000 $453,333 $5,710 4.91%
    Oak Harbor, WA (FHA|USDA|VA) 4 $5,020,000 $1,255,000 $9,723 4.00%
    WENATCHEE, WA (FHA|USDA|VA) 3 $3,355,000 $1,118,333 $6,770 4.42%
    Ellensburg, WA (FHA|USDA|VA) 3 $3,335,000 $1,111,667 $17,513 4.38%
    Aberdeen, WA (FHA|USDA|VA) 8 $3,300,000 $412,500 $4,231 4.99%
    Shelton, WA (FHA|USDA|VA) 4 $3,100,000 $775,000 $3,623 4.41%
    The Dalles, OR (FHA|USDA|VA) 2 $2,160,000 $1,080,000 $0 4.60%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $0 5.86%
    Outside of Metro Areas 1 $885,000 $885,000 $0 3.40%
    LONGVIEW, WA (FHA|USDA|VA) 1 $805,000 $805,000 $5,854 3.38%
    Centralia, WA (FHA|USDA|VA) 1 $465,000 $465,000 $2,423 3.25%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $395,000 $395,000 $4,372 5.50%
    First Federal Savings And Loan Association Of Port Angeles's top markets include Seattle, Port Angeles, Bellingham, Bremerton, and Olympia among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)

    • Similar Lenders

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

    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 648
    Bank of the Pacific
    Similarity Rank: 1748
    Chicago Financial Services, Inc.
    Similarity Rank: 2139
    IVY MORTGAGE, INC.
    Similarity Rank: 2166
    NorthWest Plus Credit Union
    Similarity Rank: 2303
    VERITY
    Similarity Rank: 2400
    CU HOME MORTGAGE SOLUTIONS, LLC
    Similarity Rank: 2405
    U S WIDE FINANCIAL LLC
    Similarity Rank: 2496
    TRISTAR FINANCE, INC.
    Similarity Rank: 2808
    SOUND
    Similarity Rank: 2925

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 458 $367,010,000 $801,332 $4,712 4.41%
    USDA 4 $1,200,000 $300,000 $10,793 4.91%
    VA 3 $1,115,000 $371,667 $6,939 3.92%

    For 2022, First Federal Savings And Loan Association Of Port Angeles's most frequently originated type of loan was Conventional, with 458 originations. Their 2nd most popular type was USDA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 254 $239,840,000 $944,252 $6,534 4.49%
    Refi 66 $63,390,000 $960,455 $2,678 4.08%
    Home Improvement 60 $24,760,000 $412,667 $817 4.77%
    Cash Out Refi 53 $37,595,000 $709,340 $5,671 3.87%
    Other 32 $3,740,000 $116,875 $1,435 4.68%

    For 2022, First Federal Savings And Loan Association Of Port Angeles's most frequently cited loan purpose was Home Purchase, with 254 originations. The 2nd most popular reason was Refi, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 159 $84,175,000 $529,403 $5,339 4.45%
    30+ year 114 $93,680,000 $821,754 $7,982 4.20%
    15 Year 104 $14,640,000 $140,769 $1,309 4.37%
    10 Year 51 $78,745,000 $1,544,020 $628 4.82%
    Other 17 $60,145,000 $3,537,941 $3,007 4.64%
    5 Year 13 $34,935,000 $2,687,308 $0 4.22%
    20 Year 5 $1,075,000 $215,000 $3,502 3.95%
    3 Year 2 $1,930,000 $965,000 $0 5.95%

    For 2022, First Federal Savings And Loan Association Of Port Angeles's most frequently cited loan duration was 30 Year, with 159 originations. The 2nd most popular length was 30+ year, with 114 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 227 $87,055,000 $383,502
    $1k-2k 51 $16,795,000 $329,314
    $5k+ 40 $45,390,000 $1,134,750
    $2k-3k 26 $12,640,000 $486,154
    $3k-4k 19 $13,775,000 $725,000
    $4k-5k 17 $11,945,000 $702,647

    First Federal Savings And Loan Association Of Port Angeles's average total fees were $5,339, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 227 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 174 $137,990,000 $793,046
    4-5% 148 $126,910,000 $857,500
    5-6% 74 $45,150,000 $610,135
    2.5-3% 30 $18,560,000 $618,667
    6-7% 28 $27,070,000 $966,786
    7-8% 10 $13,630,000 $1,363,000
    <2.5% 1 $15,000 $15,000

    During 2022, First Federal Savings And Loan Association Of Port Angeles's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 3-4%, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 100 $29,570,000 $295,700 $4,610 4.57%
    $1MM+ 87 $238,325,000 $2,739,368 $10,463 4.39%
    $100,000 or less 81 $4,335,000 $53,519 $708 4.47%
    $600k-1MM 73 $55,315,000 $757,740 $6,965 4.09%
    $400k-600k 68 $33,820,000 $497,353 $6,135 4.52%
    $100k-200k 56 $7,960,000 $142,143 $2,085 4.37%

    2022 saw First Federal Savings And Loan Association Of Port Angeles place emphasis on $200k-400k loans with 100 originations, totaling $29,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 93 $32,025,000 $344,355 $3,964 4.54%
    $250k+ 82 $92,810,000 $1,131,829 $8,236 4.12%
    $150k-250k 78 $42,790,000 $548,590 $5,827 4.23%
    $75k-100k 63 $14,345,000 $227,698 $4,141 4.60%
    $50k-75k 56 $10,210,000 $182,321 $3,081 4.22%
    $50k or less 27 $2,645,000 $97,963 $1,268 4.55%

    First Federal Savings And Loan Association Of Port Angeles lent most frequently to those with incomes in the $100k-150k range, with 93 originations. The second most popular income band? $250k+, with 82 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 91 $31,465,000 $345,769 $3,361 4.15%
    30-36% 78 $32,920,000 $422,051 $4,322 4.31%
    <20% 35 $14,575,000 $416,429 $3,952 4.34%
    42% 28 $12,740,000 $455,000 $5,785 4.35%
    38% 22 $11,980,000 $544,545 $4,690 4.26%
    41% 21 $9,075,000 $432,143 $4,403 4.53%
    36% 21 $25,015,000 $1,191,190 $8,007 4.35%
    39% 20 $12,120,000 $606,000 $4,251 4.59%
    43% 18 $11,540,000 $641,111 $6,601 4.91%
    40% 16 $8,510,000 $531,875 $5,961 4.15%
    37% 11 $5,015,000 $455,909 $8,173 4.36%
    44% 11 $4,185,000 $380,455 $6,912 4.43%
    48% 11 $5,055,000 $459,545 $4,758 4.29%
    47% 7 $3,165,000 $452,143 $5,882 4.38%
    49% 7 $5,365,000 $766,429 $6,930 4.93%
    45% 4 $2,260,000 $565,000 $4,464 5.38%
    46% 2 $510,000 $255,000 $5,785 4.44%
    50-60% 1 $575,000 $575,000 $11,452 5.25%

    First Federal Savings And Loan Association Of Port Angeles lent most frequently to those with DTI ratios of 20-30%, with 91 originations. The next most common DTI ratio? 30-36%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 57 $172,095,000 $3,019,211 $0 4.90%
    White 340 $153,140,000 $450,412 $4,674 4.33%
    Not provided 29 $23,365,000 $805,690 $5,770 4.28%
    Asian 20 $12,200,000 $610,000 $6,192 4.42%
    Asian Indian 3 $3,425,000 $1,141,667 $5,424 4.83%
    American Indian 8 $1,830,000 $228,750 $3,754 4.66%
    Other Asian 2 $1,520,000 $760,000 $6,556 5.81%
    Black 3 $885,000 $295,000 $4,428 4.21%
    Japanese 1 $375,000 $375,000 $1,500 3.25%
    Chinese 1 $365,000 $365,000 $0 3.75%
    Filipino 1 $125,000 $125,000 $681 5.13%

    Approval Rates

    Total approvals of all applications
    91.14%

    First Federal Savings And Loan Association Of Port Angeles has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.61%

    First Federal Savings And Loan Association Of Port Angeles has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 465 $369,325,000 $794,247

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    465 $369,325,000 $794,247

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 75 $56,465,000 $752,867 $3,560 4.36%
    40-60% 99 $94,465,000 $954,192 $5,646 4.13%
    60-80% 149 $174,025,000 $1,167,953 $7,017 4.47%
    80-100% 50 $27,970,000 $559,400 $5,881 4.56%
    Over 100% 2 $560,000 $280,000 $6,703 4.06%
    Under 20% 87 $15,635,000 $179,713 $765 4.62%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%