# Dearborn Federal Savings Bank

> **Canonical URL:** https://saferate.com/lenders/dearborn-federal-savings-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Dearborn Federal Savings Bank is a bank, headquartered in Dearborn, MI, with 80 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 2% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 57% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900WTWK93MSDEBV13
- **Headquarters:** Dearborn, MI
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** MI
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 98/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 43/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.265%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $440
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 80
- **Dollar Volume:** $22 million
- **Applications Received:** 93
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $277,125
- **Average Borrower Income:** $165,250
- **Average Property Value:** $385,000

## Safe Rate Awards 🏆

- ⭐ **Refinance Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 31/100 | 80 | -0.265% | $440 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 59 loans, Score: 29/100 (Acceptable)
- Refinance: 21 loans, Score: 36/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 30/100 | 59 | $17M | -0.270% | Acceptable 🙂 |
| Refinance | 34/100 | 21 | $5M | -0.251% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 80 | 0.07% | 67/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Warren | MI | 38 | 62/100 |
| Detroit | MI | 35 | 64/100 |

## Where This Lender Ranks

Dearborn Federal Savings Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#6** in Detroit Banks
  - [View Full Rankings](https://saferate.com/detroit/best-mortgage-lenders/banks)
- 🏆 **#13** in Detroit
  - [View Full Rankings](https://saferate.com/detroit/best-mortgage-lenders)
- 🏆 **#14** in Detroit for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/detroit/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Dearborn Federal Savings Bank offer?

Dearborn Federal Savings Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Dearborn Federal Savings Bank offer mortgages?

Dearborn Federal Savings Bank offers mortgages in 1 states: MI.

### How competitive are Dearborn Federal Savings Bank's mortgage rates?

Dearborn Federal Savings Bank has a pricing score of 98/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.265% below market average.

### What type of lender is Dearborn Federal Savings Bank?

Dearborn Federal Savings Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Dearborn, MI.

### What is Dearborn Federal Savings Bank's loan approval success rate?

Dearborn Federal Savings Bank has a pull-through score of 43/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/dearborn-federal-savings-bank

### How to Cite

> "Dearborn Federal Savings Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/dearborn-federal-savings-bank

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