Westfield Bank Fsb Mortgage Rates, Fees & Info
Westfield Center, OHLEI: HDU55UX4CXD9YSL1U194
Tax ID: 34-1940362
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Westfield Bank Fsb is a smaller bank specializing in Home Purchase loans. Westfield Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Cleveland, Akron, Canton, Wooster, and Cape Coral among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Westfield Bank Fsb 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.
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Originations
135Origination Dollar Volume (All Markets)
$66,625,000Top 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 |
|---|---|---|---|---|---|
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 71 | $32,015,000 | $450,915 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 28 | $13,770,000 | $491,786 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 19 | $7,955,000 | $418,684 | $0 | 0.00% |
| Wooster, OH (FHA|USDA|VA) | 4 | $6,920,000 | $1,730,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,075,000 | $1,075,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $0 | 0.00% |
| Ashland, OH (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Westfield Bank FSB 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 135 | $66,625,000 | $493,519 | $0 | 0.00% |
For 2024, Westfield Bank Fsb's most frequently originated type of loan was Conventional, with 135 originations.
Loan Reason
For 2024, Westfield Bank Fsb's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Home Improvement, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 135 | $66,625,000 | $493,519 | $0 | 0.00% |
For 2024, Westfield Bank Fsb's most frequently cited loan duration was Other, with 135 originations.
Loan Sizing
2024 saw Westfield Bank Fsb place emphasis on $600k-1MM loans with 32 originations, totaling $23,840,000 in origination value.
Applicant Income
Westfield Bank Fsb lent most frequently to those with incomes in the $250k+ range, with 39 originations. The second most popular income band? $150k-250k, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 135 | $66,625,000 | $493,519 | $0 | 0.00% |
Westfield Bank Fsb lent most frequently to those with DTI ratios of Exempt%, with 135 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
Westfield Bank Fsb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.41%
Westfield Bank Fsb has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 135 | $66,625,000 | $493,519 |