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

Port Angeles, WA

LEI: 549300XW2H531FLD3I90

Tax ID: 91-0369590

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

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

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    Originations

    347

    Origination Dollar Volume (All Markets)

    $150,295,000

    Awards

    First Federal Savings and Loan Association of Port Angeles 30 Year Conventional Loans gold First Federal Savings and Loan Association of Port Angeles 30 Year Conventional Loans gold
    Show all (2) 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
    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%
    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)

    • 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.

    WHATCOM EDUCATIONAL CREDIT UNION
    Similarity Rank: 182
    KITSAP Credit Union
    Similarity Rank: 238
    LO, INC.
    Similarity Rank: 492
    Bank of the Pacific
    Similarity Rank: 494
    First Federal Savings and Loan Association of Port Angeles
    Similarity Rank: 525
    CU HOME MORTGAGE SOLUTIONS, LLC
    Similarity Rank: 693
    WASHINGTON STATE EMPLOYEES Credit Union
    Similarity Rank: 1156
    MORTGAGE LENDING GROUP LLC
    Similarity Rank: 1408
    America's Credit Union
    Similarity Rank: 1610
    South Pacific Financial Corporation
    Similarity Rank: 1716

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 186 $111,040,000 $596,989 $3,266 6.98%
    Conventional 156 $37,280,000 $238,974 $0 0.00%
    VA 5 $1,975,000 $395,000 $9,198 6.03%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 132 $17,130,000 $129,773 $745 7.04%
    Home Purchase 117 $77,935,000 $666,111 $6,205 6.86%
    Refi 51 $46,485,000 $911,471 $935 7.10%
    Other 39 $5,415,000 $138,846 $802 7.10%
    Cash Out Refi 8 $3,330,000 $416,250 $4,426 6.72%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 160 $53,600,000 $335,000 $15 7.78%
    30 Year 73 $29,485,000 $403,904 $5,389 6.63%
    15 Year 71 $6,835,000 $96,268 $755 7.16%
    30+ year 21 $17,555,000 $835,952 $8,696 7.27%
    10 Year 20 $36,480,000 $1,824,000 $732 7.01%
    20 Year 1 $35,000 $35,000 $4,221 6.25%
    3 Year 1 $6,305,000 $6,305,000 $0 5.91%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 122 $24,570,000 $201,393
    $5k+ 16 $13,610,000 $850,625
    $1k-2k 10 $3,100,000 $310,000
    $2k-3k 8 $2,950,000 $368,750
    $4k-5k 8 $4,190,000 $523,750
    $3k-4k 6 $2,680,000 $446,667

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 99 $5,135,000 $51,869 $756 7.00%
    $200k-400k 93 $26,495,000 $284,892 $4,425 6.78%
    $100k-200k 76 $10,380,000 $136,579 $1,705 6.97%
    $400k-600k 41 $19,685,000 $480,122 $6,012 6.79%
    $600k-1MM 23 $16,955,000 $737,174 $7,616 7.12%
    $1MM+ 15 $71,645,000 $4,776,333 $12,615 7.51%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 77 $15,555,000 $202,013 $3,006 6.99%
    $150k-250k 66 $21,970,000 $332,879 $4,074 7.06%
    $250k+ 66 $35,830,000 $542,879 $6,513 6.99%
    $75k-100k 53 $10,065,000 $189,906 $3,678 6.75%
    $50k-75k 44 $4,810,000 $109,318 $1,681 6.84%
    $50k or less 19 $1,495,000 $78,684 $1,076 6.71%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 156 $37,280,000 $238,974 $0 0.00%
    20-30% 40 $7,360,000 $184,000 $1,775 7.01%
    30-36% 32 $9,100,000 $284,375 $3,594 6.97%
    40% 11 $4,355,000 $395,909 $4,712 6.82%
    <20% 10 $1,480,000 $148,000 $1,170 6.69%
    43% 9 $2,925,000 $325,000 $3,330 7.03%
    42% 8 $2,140,000 $267,500 $3,392 6.94%
    37% 7 $2,685,000 $383,571 $4,395 6.70%
    41% 7 $2,285,000 $326,429 $2,461 7.36%
    44% 7 $2,705,000 $386,429 $6,901 6.84%
    46% 7 $2,375,000 $339,286 $5,240 6.86%
    36% 7 $2,895,000 $413,571 $4,706 7.09%
    39% 7 $4,345,000 $620,714 $5,006 7.18%
    38% 6 $2,650,000 $441,667 $2,410 6.73%
    48% 5 $1,765,000 $353,000 $6,919 6.55%
    50-60% 5 $1,725,000 $345,000 $4,367 7.02%
    45% 5 $1,235,000 $247,000 $2,524 7.02%
    47% 4 $1,330,000 $332,500 $3,209 6.59%
    49% 2 $1,020,000 $510,000 $4,660 6.50%
    >60% 1 $355,000 $355,000 $1,650 6.25%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 285 $70,305,000 $246,684 $3,333 6.93%
    Not applicable 10 $58,200,000 $5,820,000 $0 7.78%
    Not provided 25 $12,765,000 $510,600 $5,664 6.76%
    Asian 12 $3,690,000 $307,500 $3,563 6.95%
    Korean 1 $2,005,000 $2,005,000 $0 0.00%
    Native Hawaiian or Islander 1 $1,315,000 $1,315,000 $5,919 6.38%
    Black 5 $905,000 $181,000 $3,340 7.00%
    Asian Indian 1 $655,000 $655,000 $0 0.00%
    American Indian 5 $405,000 $81,000 $1,512 6.88%
    Filipino 2 $50,000 $25,000 $336 6.44%

    Approval Rates

    Total approvals of all applications
    81.26%

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

    Pick Rate

    Approvals leading to origination
    75.50%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    347 $150,295,000 $433,127

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $5,175,000 $178,448 $2,239 6.84%
    40-60% 22 $49,640,000 $2,256,364 $4,051 7.04%
    60-80% 42 $39,350,000 $936,905 $7,318 6.92%
    80-100% 32 $14,600,000 $456,250 $5,782 6.79%
    Under 20% 65 $4,165,000 $64,077 $808 7.13%