# First Federal Savings Bank

> **Canonical URL:** https://saferate.com/lenders/first-federal-savings-bank-in-rochester


> **📋 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 Bank is a bank, headquartered in Rochester, IN, serving borrowers across 4 states, with 525 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 70% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 26% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300XUKQ6W1CY6QK47
- **Headquarters:** Rochester, IN
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** AZ, FL, IN, MI
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 30/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- Score: 74/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.614%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,450
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 525
- **Dollar Volume:** $143 million
- **Applications Received:** 616
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $272,848
- **Average Borrower Income:** $128,646
- **Average Property Value:** $364,848

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 70/100 | 506 | +0.612% | $1,446 | Strong 😀 |
| Jumbo | 68/100 | 19 | +0.741% | $1,750 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 440 loans, Score: 69/100 (Strong)
- Refinance: 66 loans, Score: 62/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 67/100 | 458 | $131M | +0.611% | Strong 😀 |
| Refinance | 59/100 | 67 | $12M | +0.627% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 499 | 0.55% | 82/100 |
| MI | 24 | 0.02% | 47/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 275 | 70/100 |
| South Bend | IN-MI | 120 | 83/100 |
| Elkhart | IN | 84 | 83/100 |
| Fort Wayne, IN | IN | 14 | 46/100 |

## Where This Lender Ranks

First Federal Savings Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in South Bend for Jumbo Loans
  - [View Full Rankings](https://saferate.com/south-bend/best-mortgage-lenders/jumbo-loans)
- 🥉 **#3** in South Bend for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-bend/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Elkhart Banks
  - [View Full Rankings](https://saferate.com/elkhart/best-mortgage-lenders/banks)
- 🏆 **#6** in Elkhart for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/elkhart/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#8** in South Bend Banks
  - [View Full Rankings](https://saferate.com/south-bend/best-mortgage-lenders/banks)
- 🏆 **#10** in South Bend for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-bend/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#13** in Elkhart
  - [View Full Rankings](https://saferate.com/elkhart/best-mortgage-lenders)
- 🏆 **#15** in Indiana for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#15** in Fort Wayne, IN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/fort-wayne-in/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#17** in Elkhart for Conventional Loans
  - [View Full Rankings](https://saferate.com/elkhart/best-mortgage-lenders/conventional-loans)
- 🏆 **#19** in South Bend
  - [View Full Rankings](https://saferate.com/south-bend/best-mortgage-lenders)

## Frequently Asked Questions

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

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

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

First Federal Savings Bank offers mortgages in 4 states: AZ, FL, IN, MI.

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

First Federal Savings Bank has a pricing score of 30/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.614% above market average.

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

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

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

First Federal Savings Bank has a pull-through score of 74/100 (Strong). 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-bank-in-rochester

### How to Cite

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

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