# First Federal Savings and Loan Association of Lorain

> **Canonical URL:** https://saferate.com/lenders/first-federal-savings-and-loan-association-of-lorain


> **📋 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 Savings and Loan Association of Lorain is a bank, headquartered in Lorain, OH, with 85 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 16% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 68% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493006GPVUJZWTAR765
- **Headquarters:** Lorain, OH
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** OH
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 84/100
- Rating: ●●●●● (5/5)

### Pull Through: Acceptable 🙂
- Score: 32/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.133%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,142
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 85
- **Dollar Volume:** $22 million
- **Applications Received:** 131
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $258,765
- **Average Borrower Income:** $159,788
- **Average Property Value:** $344,176

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (65%)
- ⭐ **Purchase Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 44/100 | 84 | +0.133% | $1,142 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 68 loans, Score: 43/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 44/100 | 69 | $20M | +0.073% | Sound ☺️ |
| Refinance | 29/100 | 16 | $2M | +0.416% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OH | 85 | 0.06% | 67/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Cleveland, OH | OH | 52 | 68/100 |
| Sandusky, OH | OH | 22 | 63/100 |

## Where This Lender Ranks

First Federal Savings and Loan Association of Lorain appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#6** in Sandusky, OH Banks
  - [View Full Rankings](https://saferate.com/sandusky-oh/best-mortgage-lenders/banks)
- 🏆 **#7** in Sandusky, OH for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/sandusky-oh/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in Sandusky, OH
  - [View Full Rankings](https://saferate.com/sandusky-oh/best-mortgage-lenders)
- 🏆 **#11** in Sandusky, OH for Conventional Loans
  - [View Full Rankings](https://saferate.com/sandusky-oh/best-mortgage-lenders/conventional-loans)
- 🏆 **#17** in Cleveland, OH Banks
  - [View Full Rankings](https://saferate.com/cleveland-oh/best-mortgage-lenders/banks)
- 🏆 **#18** in Cleveland, OH for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/cleveland-oh/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does First Federal Savings and Loan Association of Lorain offer?

First Federal Savings and Loan Association of Lorain offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First Federal Savings and Loan Association of Lorain offer mortgages?

First Federal Savings and Loan Association of Lorain offers mortgages in 1 states: OH.

### How competitive are First Federal Savings and Loan Association of Lorain's mortgage rates?

First Federal Savings and Loan Association of Lorain has a pricing score of 84/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.133% above market average.

### What type of lender is First Federal Savings and Loan Association of Lorain?

First Federal Savings and Loan Association of Lorain is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Lorain, OH.

### What is First Federal Savings and Loan Association of Lorain's loan approval success rate?

First Federal Savings and Loan Association of Lorain has a pull-through score of 32/100 (Acceptable). 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-savings-and-loan-association-of-lorain

### How to Cite

> "First Federal Savings and Loan Association of Lorain Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-federal-savings-and-loan-association-of-lorain

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