# First Federal Bank

> **Canonical URL:** https://saferate.com/lenders/first-federal-bank-fl


> **📋 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


First Federal Bank is a bank, headquartered in Lake City, FL, serving borrowers nationwide, with 4,193 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 19% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 50% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** Q708HHR4LD2B7XIZNO92
- **Headquarters:** Lake City, FL
- **Geographic Reach:** National
- **States Served:** 51
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 82.7%
- **Brokered/Wholesale:** 17.3%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 81/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 50/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.151%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,298
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 4,193
- **Dollar Volume:** $1.6 billion
- **Applications Received:** 6,796
- **Market Share:** 12.00%

## Typical Borrower Profile

- **Average Loan Amount:** $385,663
- **Average Borrower Income:** $150,681
- **Average Property Value:** $487,554

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (64%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **VA Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (71%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 78/100 | 2,468 | +0.026% | $1,590 | Strong 😀 |
| FHA | 75/100 | 512 | +0.325% | $1,932 | Strong 😀 |
| VA | 82/100 | 1,183 | -0.788% | $307 | Exceptional 🤩 |
| Jumbo | 42/100 | 12 | -0.015% | $1,794 | Sound ☺️ |
| USDA | 50/100 | 18 | +0.298% | $2,087 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 2,215 loans, Score: 78/100 (Strong)
- Refinance: 253 loans, Score: 62/100 (Strong)

**FHA:**
- Purchase: 448 loans, Score: 75/100 (Strong)
- Refinance: 64 loans, Score: 74/100 (Strong)

**VA:**
- Purchase: 1,104 loans, Score: 82/100 (Exceptional)
- Refinance: 79 loans, Score: 54/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 79/100 | 3,796 | $1.5B | -0.168% | Strong 😀 |
| Refinance | 63/100 | 397 | $135M | -0.005% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| FL | 651 | 0.22% | 73/100 |
| GA | 458 | 0.33% | 75/100 |
| SC | 297 | 0.37% | 75/100 |
| NC | 239 | 0.16% | 65/100 |
| WI | 225 | 0.34% | 70/100 |
| TX | 191 | 0.05% | 60/100 |
| VA | 154 | 0.14% | 65/100 |
| MN | 152 | 0.24% | 64/100 |
| IL | 145 | 0.12% | 62/100 |
| MO | 133 | 0.18% | 61/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 588 | 71/100 |
| Charlotte | NC-SC | 307 | 79/100 |
| Atlanta | GA | 257 | 73/100 |
| Jacksonville, FL | FL | 174 | 73/100 |
| Kansas City, MO | MO-KS | 147 | 67/100 |
| Marietta, GA | GA | 126 | 72/100 |
| Rochester, MN | MN | 78 | 74/100 |
| Ocala, FL | FL | 77 | 71/100 |
| Arlington | VA-WV | 56 | 57/100 |
| Chicago | IL | 52 | 53/100 |
| Hartford | CT | 50 | 59/100 |
| Houston | TX | 50 | 52/100 |
| Minneapolis | MN-WI | 49 | 53/100 |
| Baltimore | MD | 47 | 55/100 |
| Phoenix | AZ | 41 | 50/100 |

## Where This Lender Ranks

First Federal Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Hartford for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Homosassa Springs, FL for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/homosassa-springs-fl/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in Marietta, GA for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/marietta-ga/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Marietta, GA for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/marietta-ga/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in Ocala, FL Banks
  - [View Full Rankings](https://saferate.com/ocala-fl/best-mortgage-lenders/banks)
- 🥈 **#2** in Ocala, FL for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/ocala-fl/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in Davenport for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/davenport/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Panama City for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/panama-city/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in Gainesville, FL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/gainesville-fl/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Manchester for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/manchester/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Charlotte for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Atlanta for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/atlanta/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Jacksonville, FL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/jacksonville-fl/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Jacksonville, FL for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/jacksonville-fl/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Hartford for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Panama City for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/panama-city/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Lynchburg, VA for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lynchburg-va/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#4** in Atlanta for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/atlanta/best-mortgage-lenders/banks/va-loans)
- 🏆 **#4** in Connecticut for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/connecticut/best-mortgage-lenders/banks/va-loans)
- 🏆 **#4** in Montgomery, AL for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/montgomery-al/best-mortgage-lenders/banks/va-loans)

## Frequently Asked Questions

### What loan types does First Federal Bank offer?

First Federal Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First Federal Bank offer mortgages?

First Federal Bank is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are First Federal Bank's mortgage rates?

First Federal Bank has a pricing score of 81/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.151% below market average.

### What type of lender is First Federal Bank?

First Federal Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Lake City, FL.

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

First Federal Bank has a pull-through score of 50/100 (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/first-federal-bank-fl

### How to Cite

> "First Federal Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-federal-bank-fl

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