First Federal Savings And Loan Association Of Port Angeles Mortgage Rates, Fees & Info
Port Angeles, WALEI: 549300XW2H531FLD3I90
Tax ID: 91-0369590
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Mortgage Data
Review & Overview
First Federal Savings And Loan Association Of Port Angeles is a smaller mortgage company specializing in Home Purchase and Refi loans. First Federal Savings And Loan Association Of Port Angeles has a high proportion of conventional loans. First Federal Savings And Loan Association Of Port Angeles has an average proportion of conventional loans. Their top markets by origination volume include: Seattle, Port Angeles, Bellingham, Bremerton, and Olympia among others. We have data for 15 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 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.44% | 11/17/24 |
| 30 Year Conventional Refi | 5.96% | 11/17/24 |
| 30 Year Cash-out Refi | 6.57% | 11/17/24 |
| 30 Year VA Purchase | 6.17% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 6.07% | 11/17/24 |
| 15 Year Conventional Purchase | 6.21% | 11/17/24 |
| 15 Year Conventional Refi | 6.06% | 11/17/24 |
| 15 Year Cash-out Refi | 6.06% | 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. | ||
First Federal Savings And Loan Association Of Port Angeles Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
347Origination Dollar Volume (All Markets)
$150,295,000Awards
First Federal Savings and Loan Association of Port Angeles - 2023
First Federal Savings and Loan Association of Port Angeles is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
First Federal Savings And Loan Association Of Port Angeles's average 30 year fixed mortgage rate was
6.63%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.15%.
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 $5,389.
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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 29 | $57,135,000 | $1,970,172 | $9,280 | 7.19% |
| Port Angeles, WA (FHA|USDA|VA) | 156 | $28,130,000 | $180,321 | $2,140 | 6.90% |
| BELLINGHAM, WA (FHA|USDA|VA) | 72 | $24,650,000 | $342,361 | $5,117 | 6.87% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 21 | $13,095,000 | $623,571 | $5,127 | 6.81% |
| Outside of Metro Areas | 46 | $11,010,000 | $239,348 | $3,631 | 7.08% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $8,095,000 | $8,095,000 | $0 | 6.37% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $2,635,000 | $2,635,000 | $0 | 9.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 9 | $1,435,000 | $159,444 | $0 | 0.00% |
| Shelton, WA (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $4,480 | 6.83% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $4,721 | 6.83% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,329 | 7.38% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 7.70% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Their top states include:
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.
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Product Mix
For 2023, First Federal Savings And Loan Association Of Port Angeles's most frequently originated type of loan was Conventional, with 186 originations. Their 2nd most popular type was Conventional, with 156 originations.
Loan Reason
For 2023, First Federal Savings And Loan Association Of Port Angeles's most frequently cited loan purpose was Home Improvement, with 132 originations. The 2nd most popular reason was Home Purchase, with 117 originations.
Loan Duration/Length
For 2023, First Federal Savings And Loan Association Of Port Angeles's most frequently cited loan duration was Other, with 160 originations. The 2nd most popular length was 30 Year, with 73 originations.
Origination Fees/Closing Costs
First Federal Savings And Loan Association Of Port Angeles's average total fees were $5,389, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 122 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 98 | $58,180,000 | $593,673 |
| 7-8% | 59 | $21,305,000 | $361,102 |
| 5-6% | 17 | $14,075,000 | $827,941 |
| Over 8% | 16 | $19,370,000 | $1,210,625 |
| 3-4% | 1 | $85,000 | $85,000 |
During 2023, First Federal Savings And Loan Association Of Port Angeles's average interest rate for loans was 6.63%, while their most frequently originated rate bucket for loans was 6-7%, with 98 originations.
Loan Sizing
2023 saw First Federal Savings And Loan Association Of Port Angeles place emphasis on $100,000 or less loans with 99 originations, totaling $5,135,000 in origination value.
Applicant Income
First Federal Savings And Loan Association Of Port Angeles lent most frequently to those with incomes in the $100k-150k range, with 77 originations. The second most popular income band? $150k-250k, with 66 originations.
Applicant Debt to Income Ratio
First Federal Savings And Loan Association Of Port Angeles lent most frequently to those with DTI ratios of Exempt%, with 156 originations. The next most common DTI ratio? 20-30%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.26%
First Federal Savings And Loan Association Of Port Angeles has a below average approval rate.
Pick Rate
Approvals leading to origination75.50%
First Federal Savings And Loan Association Of Port Angeles has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 156 | $37,280,000 | $238,974 |
| NA | 191 | $113,015,000 | $591,702 |