First Federal Bank Mortgage Rates, Fees & Info

Lake City, FL

LEI: Q708HHR4LD2B7XIZNO92

Tax ID: 59-0969721

5 stars - Updated: 5/20/24 - out of 5 stars, based on 56 reviews

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

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Mortgage Data

Review & Overview

First Federal Bank is a small bank specializing in Home Purchase loans. First Federal Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Charlotte, Jacksonville, Ocala, and Washington among others. We have data for 357 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal 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. First Federal Bank 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.64% 5/20/24
30 Year Conventional Refi 6.60% 5/20/24
30 Year Cash-out Refi 6.76% 5/20/24
30 Year FHA Purchase 7.17% 5/20/24
30 Year FHA Refi 7.12% 5/20/24
30 Year VA Purchase 6.83% 5/20/24
30 Year VA Refi 5.90% 5/20/24
30 Year USDA Purchase 6.67% 5/20/24
15 Year Conventional Purchase 6.12% 5/20/24
15 Year Conventional Refi 6.12% 5/20/24
15 Year Cash-out Refi 6.12% 5/20/24
15 Year FHA Purchase 7.87% 5/20/24
15 Year FHA Refi 6.39% 5/20/24
15 Year VA Purchase 6.60% 5/20/24
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 Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from First Federal 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

3,189

Origination Dollar Volume (All Markets)

$1,067,005,000
Show all (18) awards

Relative Rate

First Federal Bank's average 30 year fixed mortgage rate was 6.55%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.07%.

Relative Fees (Closing Costs)

First Federal Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $7,321.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 459 $185,465,000 $404,063 $8,806 6.44%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 273 $87,925,000 $322,070 $6,680 6.33%
JACKSONVILLE, FL (FHA|USDA|VA) 147 $54,555,000 $371,122 $7,817 6.49%
Outside of Metro Areas 221 $52,095,000 $235,724 $6,386 6.65%
OCALA, FL (FHA|USDA|VA) 187 $47,975,000 $256,551 $5,518 6.62%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 50 $25,960,000 $519,200 $13,707 6.19%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 74 $20,400,000 $275,676 $6,483 6.70%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 39 $19,515,000 $500,385 $9,492 6.63%
ROCHESTER, MN (FHA|USDA|VA) 65 $19,285,000 $296,692 $4,920 6.23%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 60 $18,030,000 $300,500 $6,557 6.97%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 40 $17,960,000 $449,000 $8,386 6.55%
KANSAS CITY, MO-KS (FHA|USDA|VA) 53 $15,445,000 $291,415 $5,653 7.05%
Lake City, FL (FHA|USDA|VA) 56 $14,600,000 $260,714 $7,585 6.66%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 37 $13,435,000 $363,108 $8,032 6.44%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 28 $13,060,000 $466,429 $10,506 6.40%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 23 $11,725,000 $509,783 $12,096 6.51%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 21 $11,535,000 $549,286 $9,730 6.55%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 28 $9,570,000 $341,786 $8,886 6.63%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 33 $9,345,000 $283,182 $10,553 6.94%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 22 $8,820,000 $400,909 $7,012 6.56%
PANAMA CITY, FL (FHA|USDA|VA) 32 $8,800,000 $275,000 $7,213 6.55%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 23 $8,495,000 $369,348 $8,006 6.54%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 23 $8,205,000 $356,739 $5,576 6.39%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 14 $8,030,000 $573,571 $7,068 6.32%
GAINESVILLE, FL (FHA|USDA|VA) 24 $7,560,000 $315,000 $6,771 6.54%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 18 $6,820,000 $378,889 $7,242 6.73%
RALEIGH-CARY, NC (FHA|USDA|VA) 13 $6,325,000 $486,538 $4,076 6.35%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 14 $6,020,000 $430,000 $5,548 6.11%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 16 $5,530,000 $345,625 $7,479 6.64%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 13 $5,315,000 $408,846 $13,095 6.40%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 12 $5,050,000 $420,833 $7,968 6.63%
WAUSAU-WESTON, WI (FHA|USDA|VA) 22 $4,880,000 $221,818 $2,793 6.59%
COLUMBIA, SC (FHA|USDA|VA) 20 $4,880,000 $244,000 $6,006 6.57%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $4,810,000 $601,250 $7,299 6.48%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $4,800,000 $480,000 $9,702 6.59%
KNOXVILLE, TN (FHA|USDA|VA) 9 $4,735,000 $526,111 $8,418 6.43%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 13 $4,695,000 $361,154 $3,484 6.59%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 10 $4,530,000 $453,000 $7,332 6.33%
SALT LAKE CITY, UT (FHA|USDA|VA) 8 $4,360,000 $545,000 $4,040 6.92%
WARNER ROBINS, GA (FHA|USDA|VA) 17 $4,285,000 $252,059 $6,790 6.65%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $4,260,000 $710,000 $9,948 7.06%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 13 $4,245,000 $326,538 $8,017 6.47%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 9 $4,055,000 $450,556 $5,698 6.60%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 10 $3,950,000 $395,000 $5,188 6.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 11 $3,885,000 $353,182 $10,610 6.48%
SAVANNAH, GA (FHA|USDA|VA) 9 $3,785,000 $420,556 $8,139 6.58%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 9 $3,775,000 $419,444 $6,278 6.19%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 14 $3,740,000 $267,143 $7,143 6.15%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 10 $3,570,000 $357,000 $6,449 6.64%
COLUMBUS, OH (FHA|USDA|VA) 11 $3,515,000 $319,545 $7,441 6.95%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 11 $3,325,000 $302,273 $7,247 6.72%
ASHEVILLE, NC (FHA|USDA|VA) 6 $3,280,000 $546,667 $7,574 6.48%
MADISON, WI (FHA|USDA|VA) 9 $3,235,000 $359,444 $6,013 6.10%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 8 $2,990,000 $373,750 $7,960 6.78%
RICHMOND, VA (FHA|USDA|VA) 10 $2,990,000 $299,000 $7,705 6.45%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $2,950,000 $368,750 $9,531 6.56%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $2,935,000 $326,111 $5,428 6.89%
ST. LOUIS, MO-IL (FHA|USDA|VA) 8 $2,840,000 $355,000 $5,210 6.80%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 13 $2,795,000 $215,000 $5,882 6.56%
GAINESVILLE, GA (FHA|USDA|VA) 8 $2,680,000 $335,000 $6,136 6.41%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $2,680,000 $335,000 $10,785 6.31%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $2,635,000 $376,429 $12,366 6.45%
FAYETTEVILLE, NC (FHA|USDA|VA) 8 $2,600,000 $325,000 $9,379 6.48%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 8 $2,530,000 $316,250 $9,715 6.70%
HUNTSVILLE, AL (FHA|USDA|VA) 8 $2,500,000 $312,500 $5,782 6.67%
DOTHAN, AL (FHA|USDA|VA) 15 $2,465,000 $164,333 $5,319 6.74%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $2,405,000 $481,000 $7,705 6.60%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $2,390,000 $398,333 $13,234 6.75%
SPARTANBURG, SC (FHA|USDA|VA) 7 $2,375,000 $339,286 $6,511 6.43%
TULSA, OK (FHA|USDA|VA) 8 $2,340,000 $292,500 $6,132 6.86%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 14 $2,320,000 $165,714 $5,963 7.17%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $2,290,000 $381,667 $5,957 6.33%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 5 $2,275,000 $455,000 $7,552 6.35%
PITTSBURGH, PA (FHA|USDA|VA) 9 $2,235,000 $248,333 $9,218 6.93%
EAU CLAIRE, WI (FHA|USDA|VA) 7 $2,235,000 $319,286 $4,168 6.43%
Red Wing, MN (FHA|USDA|VA) 7 $2,175,000 $310,714 $4,741 6.34%
MONTGOMERY, AL (FHA|USDA|VA) 10 $2,160,000 $216,000 $4,376 6.46%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $2,120,000 $353,333 $9,436 6.35%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $2,070,000 $345,000 $11,236 6.08%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $2,030,000 $507,500 $10,208 6.81%
Stevens Point, WI (FHA|USDA|VA) 11 $2,005,000 $182,273 $2,960 7.06%
ROCKFORD, IL (FHA|USDA|VA) 13 $1,985,000 $152,692 $3,632 6.63%
Shelby, NC (FHA|USDA|VA) 6 $1,960,000 $326,667 $4,908 6.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 5 $1,885,000 $377,000 $4,702 6.45%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 4 $1,880,000 $470,000 $9,985 6.65%
WORCESTER, MA-CT (FHA|USDA|VA) 6 $1,840,000 $306,667 $10,017 6.52%
JACKSONVILLE, NC (FHA|USDA|VA) 5 $1,805,000 $361,000 $7,501 6.20%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 12 $1,790,000 $149,167 $3,095 6.60%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $1,790,000 $298,333 $3,536 6.60%
Morehead City, NC (FHA|USDA|VA) 4 $1,730,000 $432,500 $4,045 6.97%
TALLAHASSEE, FL (FHA|USDA|VA) 5 $1,715,000 $343,000 $7,874 6.50%
SUMTER, SC (FHA|USDA|VA) 9 $1,715,000 $190,556 $5,860 6.65%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,715,000 $571,667 $7,652 6.17%
SALISBURY, MD-DE (FHA|USDA|VA) 5 $1,695,000 $339,000 $8,292 6.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,685,000 $561,667 $9,556 6.58%
ROANOKE, VA (FHA|USDA|VA) 5 $1,665,000 $333,000 $7,908 6.75%
BELLINGHAM, WA (FHA|USDA|VA) 3 $1,625,000 $541,667 $2,494 6.42%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $1,600,000 $800,000 $6,451 5.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 7 $1,595,000 $227,857 $6,352 6.45%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,550,000 $387,500 $9,483 6.44%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,540,000 $385,000 $3,824 6.84%
DULUTH, MN-WI (FHA|USDA|VA) 4 $1,520,000 $380,000 $10,100 7.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 5 $1,515,000 $303,000 $4,361 7.05%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 5 $1,505,000 $301,000 $9,842 6.58%
ROCHESTER, NY (FHA|USDA|VA) 7 $1,485,000 $212,143 $6,270 6.80%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 6 $1,460,000 $243,333 $6,674 6.79%
Palatka, FL (FHA|USDA|VA) 6 $1,450,000 $241,667 $8,625 6.56%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $1,440,000 $360,000 $15,134 5.97%
PROVO-OREM, UT (FHA|USDA|VA) 3 $1,425,000 $475,000 $3,182 6.54%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 5 $1,425,000 $285,000 $4,985 6.83%
LOUISVILLE, KY (FHA|USDA|VA) 3 $1,415,000 $471,667 $5,001 6.79%
THE VILLAGES, FL (FHA|USDA|VA) 4 $1,410,000 $352,500 $7,559 6.34%
IDAHO FALLS, ID (FHA|USDA|VA) 3 $1,375,000 $458,333 $16,907 5.75%
TUCSON, AZ (FHA|USDA|VA) 5 $1,375,000 $275,000 $8,202 6.55%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,315,000 $263,000 $11,276 6.33%
APPLETON, WI (FHA|USDA|VA) 4 $1,310,000 $327,500 $5,116 6.34%
COLUMBUS, GA-AL (FHA|USDA|VA) 7 $1,305,000 $186,429 $4,956 6.75%
BRUNSWICK, GA (FHA|USDA|VA) 5 $1,275,000 $255,000 $4,656 6.83%
FOND DU LAC, WI (FHA|USDA|VA) 6 $1,270,000 $211,667 $4,206 6.94%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $1,225,000 $245,000 $5,984 6.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $1,200,000 $300,000 $10,043 6.34%
MORRISTOWN, TN (FHA|USDA|VA) 4 $1,190,000 $297,500 $5,175 6.50%
Jefferson, GA (FHA|USDA|VA) 3 $1,185,000 $395,000 $8,769 6.33%
Torrington, CT (FHA|USDA|VA) 3 $1,185,000 $395,000 $9,013 6.58%
SALEM, OR (FHA|USDA|VA) 3 $1,185,000 $395,000 $6,404 6.54%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $1,180,000 $590,000 $4,405 6.81%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,175,000 $391,667 $9,300 6.46%
TOLEDO, OH (FHA|USDA|VA) 4 $1,160,000 $290,000 $7,170 6.84%
Lebanon, NH-VT (FHA|USDA|VA) 2 $1,150,000 $575,000 $10,072 5.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $1,145,000 $229,000 $7,741 6.80%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $1,140,000 $285,000 $7,689 6.50%
BISMARCK, ND (FHA|USDA|VA) 5 $1,135,000 $227,000 $5,649 6.76%
SHEBOYGAN, WI (FHA|USDA|VA) 4 $1,110,000 $277,500 $4,952 6.72%
Columbus, MS (FHA|USDA|VA) 3 $1,105,000 $368,333 $3,604 6.83%
SIOUX FALLS, SD (FHA|USDA|VA) 4 $1,100,000 $275,000 $8,592 5.91%
Corning, NY (FHA|USDA|VA) 7 $1,095,000 $156,429 $5,985 6.70%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $1,055,000 $351,667 $6,618 5.96%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $1,010,000 $505,000 $6,044 6.94%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $1,005,000 $335,000 $7,417 6.21%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $985,000 $328,333 $18,149 6.33%
BURLINGTON, NC (FHA|USDA|VA) 2 $980,000 $490,000 $16,827 6.75%
VALDOSTA, GA (FHA|USDA|VA) 2 $970,000 $485,000 $8,174 6.44%
HATTIESBURG, MS (FHA|USDA|VA) 3 $965,000 $321,667 $6,059 6.58%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $955,000 $191,000 $7,594 6.35%
St. Marys, GA (FHA|USDA|VA) 2 $950,000 $475,000 $4,848 5.88%
AKRON, OH (FHA|USDA|VA) 2 $940,000 $470,000 $15,024 6.19%
DALTON, GA (FHA|USDA|VA) 2 $940,000 $470,000 $5,709 6.25%
Gaffney, SC (FHA|USDA|VA) 4 $930,000 $232,500 $8,409 6.66%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $925,000 $308,333 $10,372 6.13%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 4 $920,000 $230,000 $5,820 6.25%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $905,000 $301,667 $4,464 6.79%
BATON ROUGE, LA (FHA|USDA|VA) 2 $900,000 $450,000 $5,259 7.31%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $885,000 $295,000 $5,462 7.00%
Bozeman, MT (FHA|USDA|VA) 2 $860,000 $430,000 $4,666 6.19%
RAPID CITY, SD (FHA|USDA|VA) 2 $860,000 $430,000 $2,579 4.50%
DOVER, DE (FHA|USDA|VA) 3 $855,000 $285,000 $4,149 6.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $845,000 $281,667 $3,873 7.04%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $840,000 $420,000 $6,653 6.00%
DECATUR, AL (FHA|USDA|VA) 2 $830,000 $415,000 $16,026 5.75%
Albemarle, NC (FHA|USDA|VA) 3 $825,000 $275,000 $7,310 6.08%
WICHITA, KS (FHA|USDA|VA) 3 $785,000 $261,667 $4,642 6.75%
SALINAS, CA (FHA|USDA|VA) 1 $785,000 $785,000 $7,546 8.00%
LONGVIEW, TX (FHA|USDA|VA) 3 $785,000 $261,667 $12,447 6.21%
Beaver Dam, WI (FHA|USDA|VA) 3 $775,000 $258,333 $4,813 6.71%
LANCASTER, PA (FHA|USDA|VA) 2 $770,000 $385,000 $9,882 6.75%
Cullowhee, NC (FHA|USDA|VA) 2 $770,000 $385,000 $5,622 6.38%
MANKATO, MN (FHA|USDA|VA) 3 $765,000 $255,000 $8,235 6.58%
Forest City, NC (FHA|USDA|VA) 3 $765,000 $255,000 $7,346 6.38%
GREEN BAY, WI (FHA|USDA|VA) 3 $765,000 $255,000 $2,624 6.42%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $750,000 $187,500 $3,291 6.78%
GREELEY, CO (FHA|USDA|VA) 2 $740,000 $370,000 $6,866 7.56%
Enterprise, AL (FHA|USDA|VA) 4 $730,000 $182,500 $6,346 6.63%
MISSOULA, MT (FHA|USDA|VA) 1 $725,000 $725,000 $5,693 6.25%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $725,000 $725,000 $10,357 6.63%
Winona, MN (FHA|USDA|VA) 2 $720,000 $360,000 $6,198 6.63%
Ozark, AL (FHA|USDA|VA) 5 $715,000 $143,000 $5,341 6.55%
BOISE CITY, ID (FHA|USDA|VA) 2 $710,000 $355,000 $4,528 5.94%
Kearney, NE (FHA|USDA|VA) 1 $705,000 $705,000 $1,557 5.63%
Steamboat Springs, CO (FHA|USDA|VA) 1 $705,000 $705,000 $13,830 7.00%
JACKSON, MS (FHA|USDA|VA) 1 $685,000 $685,000 $5,833 6.50%
FARGO, ND-MN (FHA|USDA|VA) 1 $655,000 $655,000 $13,278 7.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 3 $655,000 $218,333 $6,839 7.00%
BOULDER, CO (FHA|USDA|VA) 1 $655,000 $655,000 $2,790 7.00%
RENO, NV (FHA|USDA|VA) 2 $640,000 $320,000 $5,312 6.56%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $640,000 $320,000 $8,160 7.00%
Cornelia, GA (FHA|USDA|VA) 3 $635,000 $211,667 $6,339 6.13%
Manitowoc, WI (FHA|USDA|VA) 5 $635,000 $127,000 $2,517 6.95%
RACINE, WI (FHA|USDA|VA) 3 $625,000 $208,333 $5,209 7.38%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $625,000 $625,000 $0 5.88%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $595,000 $595,000 $4,105 6.25%
LOGAN, UT-ID (FHA|USDA|VA) 1 $595,000 $595,000 $12,712 5.75%
Lewisburg, TN (FHA|USDA|VA) 2 $590,000 $295,000 $17,815 6.38%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $585,000 $585,000 $5,192 6.38%
FORT WAYNE, IN (FHA|USDA|VA) 2 $580,000 $290,000 $6,268 5.63%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $575,000 $575,000 $4,584 6.13%
MIDLAND, TX (FHA|USDA|VA) 1 $575,000 $575,000 $21,315 7.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $570,000 $285,000 $8,083 6.69%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $565,000 $565,000 $5,244 6.50%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $555,000 $555,000 $9,832 6.75%
Albertville, AL (FHA|USDA|VA) 1 $555,000 $555,000 $4,987 5.25%
LaGrange, GA-AL (FHA|USDA|VA) 2 $550,000 $275,000 $5,599 6.38%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $545,000 $545,000 $3,057 6.38%
HINESVILLE, GA (FHA|USDA|VA) 1 $535,000 $535,000 $15,311 6.75%
JOPLIN, MO (FHA|USDA|VA) 2 $530,000 $265,000 $9,696 6.00%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $525,000 $525,000 $7,135 7.13%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $510,000 $255,000 $6,312 6.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $510,000 $255,000 $8,797 6.06%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $490,000 $245,000 $1,860 6.19%
WILMINGTON, NC (FHA|USDA|VA) 2 $480,000 $240,000 $6,140 6.94%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $480,000 $240,000 $9,587 5.88%
Fredericksburg, TX (FHA|USDA|VA) 1 $475,000 $475,000 $4,997 6.50%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $460,000 $230,000 $3,773 7.44%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $455,000 $455,000 $1,857 6.50%
Granbury, TX (FHA|USDA|VA) 1 $455,000 $455,000 $5,351 6.13%
Jennings, LA (FHA|USDA|VA) 1 $455,000 $455,000 $6,126 6.75%
Clewiston, FL (FHA|USDA|VA) 2 $450,000 $225,000 $13,743 6.13%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $445,000 $445,000 $8,092 6.75%
IOWA CITY, IA (FHA|USDA|VA) 1 $445,000 $445,000 $14,849 6.50%
VALLEJO, CA (FHA|USDA|VA) 1 $445,000 $445,000 $5,505 7.50%
Milledgeville, GA (FHA|USDA|VA) 2 $430,000 $215,000 $5,132 6.63%
ROME, GA (FHA|USDA|VA) 2 $430,000 $215,000 $8,547 6.06%
Clovis, NM (FHA|USDA|VA) 2 $430,000 $215,000 $3,372 6.44%
Laurinburg, NC (FHA|USDA|VA) 1 $425,000 $425,000 $6,534 6.00%
Jackson, WY-ID (FHA|USDA|VA) 1 $425,000 $425,000 $11,269 6.63%
LAWRENCE, KS (FHA|USDA|VA) 2 $420,000 $210,000 $2,595 7.38%
Durango, CO (FHA|USDA|VA) 1 $415,000 $415,000 $3,195 6.88%
POCATELLO, ID (FHA|USDA|VA) 1 $415,000 $415,000 $9,081 6.63%
Frankfort, KY (FHA|USDA|VA) 1 $415,000 $415,000 $7,868 6.00%
Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $410,000 $205,000 $4,784 5.88%
BEND, OR (FHA|USDA|VA) 1 $405,000 $405,000 $5,264 6.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $400,000 $200,000 $9,123 6.63%
MOBILE, AL (FHA|USDA|VA) 2 $400,000 $200,000 $2,874 6.56%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $400,000 $200,000 $5,901 6.69%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $395,000 $395,000 $4,802 6.13%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $395,000 $395,000 $4,060 7.00%
LINCOLN, NE (FHA|USDA|VA) 2 $390,000 $195,000 $8,152 6.13%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $385,000 $385,000 $7,232 5.63%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $375,000 $375,000 $17,742 8.00%
ALBANY, GA (FHA|USDA|VA) 2 $370,000 $185,000 $7,819 6.31%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $365,000 $365,000 $14,391 5.88%
Sevierville, TN (FHA|USDA|VA) 1 $365,000 $365,000 $16,003 5.63%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $360,000 $180,000 $5,637 7.56%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 3 $355,000 $118,333 $4,630 6.92%
OWENSBORO, KY (FHA|USDA|VA) 1 $355,000 $355,000 $3,599 6.50%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $355,000 $355,000 $13,303 6.13%
Norwalk, OH (FHA|USDA|VA) 1 $345,000 $345,000 $10,895 5.75%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $335,000 $335,000 $2,890 6.38%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $335,000 $335,000 $8,742 7.38%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $335,000 $335,000 $10,013 6.25%
Evanston, WY (FHA|USDA|VA) 1 $325,000 $325,000 $3,476 7.50%
Lumberton, NC (FHA|USDA|VA) 1 $325,000 $325,000 $2,337 6.25%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $325,000 $325,000 $1,963 6.63%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $325,000 $325,000 $4,657 7.25%
Shawano, WI (FHA|USDA|VA) 1 $315,000 $315,000 $2,365 8.50%
Cookeville, TN (FHA|USDA|VA) 1 $315,000 $315,000 $6,602 6.00%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $315,000 $315,000 $3,303 6.63%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $315,000 $315,000 $11,835 6.63%
Burlington, IA-IL (FHA|USDA|VA) 4 $310,000 $77,500 $3,749 7.44%
Dublin, GA (FHA|USDA|VA) 1 $305,000 $305,000 $4,129 6.00%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $305,000 $305,000 $14,134 5.50%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $305,000 $305,000 $6,577 6.63%
Holland, MI (FHA|USDA|VA) 1 $305,000 $305,000 $9,679 6.00%
Paducah, KY-IL (FHA|USDA|VA) 1 $305,000 $305,000 $7,313 6.63%
Payson, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.88%
Greenwood, SC (FHA|USDA|VA) 1 $305,000 $305,000 $5,751 5.88%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $295,000 $295,000 $3,547 5.75%
LAS CRUCES, NM (FHA|USDA|VA) 1 $295,000 $295,000 $3,401 6.50%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $295,000 $295,000 $12,334 6.00%
Laconia, NH (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.50%
Troy, AL (FHA|USDA|VA) 2 $290,000 $145,000 $5,604 6.19%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $285,000 $285,000 $1,195 5.63%
Angola, IN (FHA|USDA|VA) 1 $285,000 $285,000 $3,890 7.00%
PEORIA, IL (FHA|USDA|VA) 1 $285,000 $285,000 $4,320 7.50%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $4,747 8.00%
McAlester, OK (FHA|USDA|VA) 2 $280,000 $140,000 $5,254 6.69%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $275,000 $275,000 $10,686 5.50%
Arcadia, FL (FHA|USDA|VA) 1 $275,000 $275,000 $5,558 6.88%
Richmond, IN (FHA|USDA|VA) 1 $275,000 $275,000 $9,053 6.50%
Mount Airy, NC (FHA|USDA|VA) 1 $275,000 $275,000 $5,207 7.88%
Hays, KS (FHA|USDA|VA) 1 $275,000 $275,000 $7,368 6.50%
Mayfield, KY (FHA|USDA|VA) 1 $275,000 $275,000 $6,751 6.00%
Union, SC (FHA|USDA|VA) 1 $275,000 $275,000 $5,687 7.50%
COLUMBIA, MO (FHA|USDA|VA) 1 $275,000 $275,000 $5,258 6.63%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $275,000 $275,000 $7,119 7.13%
Crossville, TN (FHA|USDA|VA) 2 $270,000 $135,000 $7,388 6.19%
Mount Pleasant, MI (FHA|USDA|VA) 1 $265,000 $265,000 $3,779 8.63%
Athens, OH (FHA|USDA|VA) 1 $265,000 $265,000 $16,740 5.63%
HARRISONBURG, VA (FHA|USDA|VA) 1 $265,000 $265,000 $4,842 5.50%
Rock Springs, WY (FHA|USDA|VA) 1 $265,000 $265,000 $8,030 6.63%
Salina, KS (FHA|USDA|VA) 1 $255,000 $255,000 $2,457 7.50%
Ottawa, IL (FHA|USDA|VA) 1 $255,000 $255,000 $7,054 7.75%
Wooster, OH (FHA|USDA|VA) 1 $255,000 $255,000 $13,045 8.00%
Murray, KY (FHA|USDA|VA) 1 $255,000 $255,000 $7,264 6.50%
Hood River, OR (FHA|USDA|VA) 1 $255,000 $255,000 $13,177 6.25%
Central City, KY (FHA|USDA|VA) 1 $255,000 $255,000 $8,102 6.75%
FLORENCE, SC (FHA|USDA|VA) 1 $255,000 $255,000 $4,983 6.75%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $4,906 7.25%
Columbus, NE (FHA|USDA|VA) 1 $255,000 $255,000 $3,190 6.00%
Traverse City, MI (FHA|USDA|VA) 1 $255,000 $255,000 $15,211 5.13%
Bainbridge, GA (FHA|USDA|VA) 1 $245,000 $245,000 $7,866 7.13%
Cullman, AL (FHA|USDA|VA) 1 $245,000 $245,000 $13,413 5.63%
Montrose, CO (FHA|USDA|VA) 1 $245,000 $245,000 $2,830 6.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $9,299 6.25%
Owatonna, MN (FHA|USDA|VA) 1 $235,000 $235,000 $4,980 6.00%
Paris, TX (FHA|USDA|VA) 1 $235,000 $235,000 $11,757 6.50%
ALTOONA, PA (FHA|USDA|VA) 1 $235,000 $235,000 $10,127 7.13%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.50%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $225,000 $225,000 $2,465 7.13%
Aberdeen, WA (FHA|USDA|VA) 1 $225,000 $225,000 $3,997 6.13%
Klamath Falls, OR (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.75%
GREENVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $6,715 5.75%
Branson, MO (FHA|USDA|VA) 1 $225,000 $225,000 $3,769 8.00%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $215,000 $215,000 $3,463 6.75%
Austin, MN (FHA|USDA|VA) 1 $215,000 $215,000 $4,457 6.25%
MORGANTOWN, WV (FHA|USDA|VA) 1 $215,000 $215,000 $3,366 6.63%
YAKIMA, WA (FHA|USDA|VA) 1 $215,000 $215,000 $3,510 6.63%
Tahlequah, OK (FHA|USDA|VA) 1 $215,000 $215,000 $8,416 6.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $215,000 $215,000 $7,605 6.00%
Duncan, OK (FHA|USDA|VA) 2 $210,000 $105,000 $4,815 6.75%
ST. CLOUD, MN (FHA|USDA|VA) 1 $205,000 $205,000 $12,330 5.38%
Rexburg, ID (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.13%
EL PASO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.50%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $205,000 $205,000 $10,036 8.49%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $205,000 $205,000 $11,363 8.00%
Warrensburg, MO (FHA|USDA|VA) 1 $205,000 $205,000 $2,703 6.63%
COLUMBUS, IN (FHA|USDA|VA) 1 $195,000 $195,000 $3,595 6.63%
Pampa, TX (FHA|USDA|VA) 1 $195,000 $195,000 $9,577 6.13%
Sturgis, MI (FHA|USDA|VA) 1 $185,000 $185,000 $6,438 6.50%
Cañon City, CO (FHA|USDA|VA) 1 $185,000 $185,000 $6,404 6.88%
Oxford, MS (FHA|USDA|VA) 1 $185,000 $185,000 $7,457 6.00%
Toccoa, GA (FHA|USDA|VA) 1 $185,000 $185,000 $3,807 5.75%
READING, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.63%
Hutchinson, MN (FHA|USDA|VA) 1 $185,000 $185,000 $2,847 6.13%
Alamogordo, NM (FHA|USDA|VA) 1 $185,000 $185,000 $7,669 6.50%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,535 7.25%
Fremont, OH (FHA|USDA|VA) 1 $175,000 $175,000 $6,678 6.13%
Waycross, GA (FHA|USDA|VA) 1 $175,000 $175,000 $6,587 6.00%
Sandusky, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,666 8.49%
Lufkin, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,172 6.63%
LAWTON, OK (FHA|USDA|VA) 1 $165,000 $165,000 $4,338 8.00%
Concord, NH (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.75%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $165,000 $165,000 $9,712 5.50%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $155,000 $155,000 $3,527 6.88%
Rockport, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,279 6.88%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $145,000 $145,000 $3,489 8.49%
Batavia, NY (FHA|USDA|VA) 1 $135,000 $135,000 $7,525 6.50%
Indiana, PA (FHA|USDA|VA) 1 $135,000 $135,000 $8,335 8.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,229 5.50%
Crawfordsville, IN (FHA|USDA|VA) 1 $125,000 $125,000 $6,236 7.00%
Galesburg, IL (FHA|USDA|VA) 2 $120,000 $60,000 $2,329 6.69%
Houghton, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,208 6.25%
Rochelle, IL (FHA|USDA|VA) 1 $115,000 $115,000 $2,514 6.75%
Tiffin, OH (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.63%
Minot, ND (FHA|USDA|VA) 1 $105,000 $105,000 $2,576 6.50%
Newport, OR (FHA|USDA|VA) 1 $105,000 $105,000 $4,416 6.50%
Parsons, KS (FHA|USDA|VA) 1 $85,000 $85,000 $2,305 6.13%
Eufaula, AL-GA (FHA|USDA|VA) 1 $55,000 $55,000 $4,211 7.13%
First Federal Bank's top markets include Atlanta, Charlotte, Jacksonville, Ocala, and Washington among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,061 $696,435,000 $337,911 $6,128 6.64%
    FHA 584 $157,520,000 $269,726 $10,029 6.32%
    VA 521 $209,015,000 $401,180 $8,493 6.43%
    USDA 23 $4,035,000 $175,435 $6,757 6.27%

    For 2023, First Federal Bank's most frequently originated type of loan was Conventional, with 2,061 originations. Their 2nd most popular type was FHA, with 584 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,785 $952,145,000 $341,883 $6,943 6.54%
    Cash Out Refi 299 $85,855,000 $287,140 $10,729 6.52%
    Refi 59 $19,195,000 $325,339 $6,501 6.51%
    Home Improvement 31 $5,735,000 $185,000 $6,367 6.85%
    Other 15 $4,075,000 $271,667 $5,978 6.95%

    For 2023, First Federal Bank's most frequently cited loan purpose was Home Purchase, with 2,785 originations. The 2nd most popular reason was Cash Out Refi, with 299 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,837 $951,215,000 $335,289 $7,321 6.55%
    15 Year 130 $41,020,000 $315,538 $5,705 6.04%
    30+ year 130 $49,950,000 $384,231 $8,412 6.45%
    20 Year 51 $11,285,000 $221,275 $4,931 7.03%
    Other 41 $13,535,000 $330,122 $8,526 7.43%

    For 2023, First Federal Bank's most frequently cited loan duration was 30 Year, with 2,837 originations. The 2nd most popular length was 15 Year, with 130 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 904 $310,240,000 $343,186
    $<1k 728 $226,830,000 $311,580
    $5k+ 534 $216,130,000 $404,738
    $2k-3k 389 $113,145,000 $290,861
    $3k-4k 297 $99,025,000 $333,418
    $4k-5k 178 $61,610,000 $346,124

    First Federal Bank's average total fees were $7,321, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 904 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,739 $589,205,000 $338,818
    5-6% 754 $271,980,000 $360,716
    7-8% 611 $183,325,000 $300,041
    Over 8% 45 $9,325,000 $207,222
    4-5% 37 $12,445,000 $336,351
    <2.5% 2 $490,000 $245,000
    3-4% 1 $235,000 $235,000

    During 2023, First Federal Bank's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was 6-7%, with 1,739 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,541 $446,475,000 $289,731 $7,211 6.54%
    $400k-600k 688 $334,360,000 $485,988 $8,762 6.47%
    $100k-200k 580 $89,850,000 $154,914 $5,173 6.65%
    $600k-1MM 241 $166,195,000 $689,606 $9,692 6.37%
    $100,000 or less 120 $9,080,000 $75,667 $3,764 6.86%
    $1MM+ 19 $21,045,000 $1,107,632 $10,131 6.51%

    2023 saw First Federal Bank place emphasis on $200k-400k loans with 1,541 originations, totaling $446,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 834 $287,980,000 $345,300 $7,812 6.55%
    $150k-250k 770 $340,910,000 $442,740 $8,110 6.54%
    $50k-75k 535 $111,275,000 $207,991 $6,168 6.50%
    $75k-100k 529 $140,645,000 $265,870 $7,103 6.54%
    $250k+ 295 $151,045,000 $512,017 $7,972 6.62%
    $50k or less 206 $27,730,000 $134,612 $4,933 6.53%

    First Federal Bank lent most frequently to those with incomes in the $100k-150k range, with 834 originations. The second most popular income band? $150k-250k, with 770 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 522 $175,310,000 $335,843 $6,868 6.53%
    20-30% 516 $169,810,000 $329,089 $6,330 6.49%
    50-60% 310 $114,380,000 $368,968 $10,231 6.34%
    49% 140 $48,820,000 $348,714 $7,934 6.67%
    42% 140 $44,530,000 $318,071 $7,229 6.64%
    45% 138 $45,900,000 $332,609 $7,857 6.59%
    40% 130 $44,250,000 $340,385 $7,041 6.49%
    44% 130 $44,920,000 $345,538 $7,591 6.63%
    46% 122 $43,050,000 $352,869 $7,190 6.56%
    43% 119 $40,475,000 $340,126 $7,088 6.68%
    <20% 118 $31,130,000 $263,814 $5,594 6.41%
    48% 116 $40,190,000 $346,466 $8,129 6.63%
    38% 111 $34,135,000 $307,523 $6,401 6.61%
    47% 111 $38,105,000 $343,288 $7,194 6.68%
    39% 110 $36,060,000 $327,818 $6,883 6.47%
    36% 109 $34,945,000 $320,596 $6,678 6.55%
    41% 106 $35,000,000 $330,189 $7,390 6.60%
    37% 98 $29,440,000 $300,408 $6,506 6.61%
    >60% 18 $8,940,000 $496,667 $8,593 6.16%

    First Federal Bank lent most frequently to those with DTI ratios of 30-36%, with 522 originations. The next most common DTI ratio? 20-30%, with 516 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,373 $775,975,000 $327,002 $7,223 6.55%
    Not provided 368 $128,390,000 $348,886 $7,319 6.50%
    Black 246 $79,560,000 $323,415 $8,444 6.46%
    Asian 156 $67,300,000 $431,410 $6,570 6.61%
    American Indian 20 $6,100,000 $305,000 $7,159 6.49%
    Not applicable 12 $4,330,000 $360,833 $0 7.55%
    Asian Indian 9 $3,535,000 $392,778 $6,027 6.01%
    Native Hawaiian or Islander 4 $1,510,000 $377,500 $4,763 6.59%
    Chinese 1 $305,000 $305,000 $3,207 6.63%

    Approval Rates

    Total approvals of all applications
    90.57%

    First Federal Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.78%

    First Federal Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,189 $1,067,005,000 $334,589

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,189 $1,067,005,000 $334,589

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 117 $21,335,000 $182,350 $4,993 6.50%
    40-60% 273 $75,975,000 $278,297 $6,144 6.43%
    60-80% 902 $310,630,000 $344,379 $7,073 6.60%
    80-100% 1,801 $626,365,000 $347,787 $7,402 6.54%
    Over 100% 71 $27,745,000 $390,775 $15,416 6.30%
    Under 20% 21 $3,295,000 $156,905 $3,522 7.15%