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 score and performance metrics.

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 an overall pricing score of 80.5/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is First Federal Bank?

First Federal Bank is a Bank headquartered in Lake City, FL.

Unclaimed

First Federal Bank

Bank•Lake City, FL•Direct to Consumer

We analyzed every closed loan from First Federal Bank Fl — 4.2k loans across 7k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Exceptional

vs. all lenders

Pull Through

Sound

closing strength

Products

Exceptional

FHA · Conventional · VA · Jumbo · USDA

Place

Sound

National · 49 mkts

Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar

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Safe Rate's Summary

What They Do Well

Offers rates 15.10 basis points below market average
Lower than average lender fees
Particularly strong in Conventional and FHA and VA loans
Nationwide availability with consistent service

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Report Card

First Federal Bank performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Exceptional	Market Leader Rates 15.1 bps below market avg
Pull Through Closing strength	Sound	Industry Standard Top 60% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
FHA	Strong	Highly Competitive Top 40% of lenders
VA	Exceptional	Market Leader Top 20% of lenders
Jumbo	Sound	Industry Standard Top 60% of lenders
USDA	Sound	Industry Standard Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Strong	Highly Competitive Top 40% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders National50 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Strong	Strong	Sound	2,468	58.9%	+0.026%Above	$1,590Fees
FHA Loans	Strong	Strong	Strong	Strong	512	12.2%	+0.325%Above	$1,932Fees
VA Loans	Strong	Exceptional	Exceptional	Sound	1,183	28.2%	-0.788%Below	$307Fees
Jumbo Loans	Acceptable	Sound	—	Mediocre	12	0.3%	-0.015%Below	$1,794Fees
USDA Loans	Acceptable	Sound	—	Mediocre	18	0.4%	+0.298%Above	$2,087Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Strong	Exceptional	Sound	3,796	90.5%	-0.168%Below	$1,269Fees
Refinance	Sound	Strong	Strong	Acceptable	397	9.5%	-0.005%Below	$1,552Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

4,193

Applications

6,796

Volume

$1 billion

Pricing & Closing

Avg Rate Spread

-0.151%

vs. market APOR

Avg Net Fees

$1,298

Origination − Credits

Pullthrough Rate

61.7%

Applications → Closed

Typical Borrower

Avg Loan Amount

$385,663

Avg Borrower Income

$150,681

Avg Property Value

$487,554

Geographic Coverage

Geographic Performance

Metro Areas

States Served

Why 51? We count DC as a state

Avg Place Specialization

Sound

States with Loan Originations

AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY

Top Metro Areas by Place Specialization Score

Charlotte, NC-SCMSA

Volume: 307Mix: 7.32%of portfolio

Place

Strong

Rochester, MN, MNMSA

Volume: 78Mix: 1.86%of portfolio

Place

Strong

Atlanta, GAMSA

Volume: 257Mix: 6.13%of portfolio

Place

Strong

Jacksonville, FL, FLMSA

Volume: 174Mix: 4.15%of portfolio

Place

Strong

Marietta, GA, GAMSA

Volume: 126Mix: 3.01%of portfolio

Place

Strong

Ocala, FL, FLMSA

Volume: 77Mix: 1.84%of portfolio

Place

Strong

Kansas City, MO, MO-KSMSA

Volume: 147Mix: 3.51%of portfolio

Place

Strong

Hartford, CTMSA

Volume: 50Mix: 1.19%of portfolio

Place

Sound

Davenport, IA-ILMSA

Volume: 37Mix: 0.88%of portfolio

Place

Sound

Arlington, VA-WVMSA

Volume: 56Mix: 1.34%of portfolio

Place

Sound

Showing 10 of 49 metro areas

Top States by Place Specialization Score

SCState

Volume: 297Mix: 7.08%of portfolio

Place

Strong

GAState

Volume: 458Mix: 10.92%of portfolio

Place

Strong

FLState

Volume: 651Mix: 15.53%of portfolio

Place

Strong

WIState

Volume: 225Mix: 5.37%of portfolio

Place

Strong

NCState

Volume: 239Mix: 5.70%of portfolio

Place

Strong

VAState

Volume: 154Mix: 3.67%of portfolio

Place

Strong

KSState

Volume: 92Mix: 2.19%of portfolio

Place

Strong

MNState

Volume: 152Mix: 3.63%of portfolio

Place

Strong

ILState

Volume: 145Mix: 3.46%of portfolio

Place

Strong

ALState

Volume: 94Mix: 2.24%of portfolio

Place

Strong

Showing 10 of 46 states

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.