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F
First Federal Bank
Bank|Lake City, FL|National
Loans Originated
4,193
Applications
6,796
Volume
$1 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Exceptional
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.151%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,298
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
61.7%
Percentage of applications that result in closed loans
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
Report Card
First Federal Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Exceptional | Market Leader | |
Jumbo | Sound | Industry Standard | |
USDA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$385,663
Average Borrower Income
$150,681
Average Property Value
$487,554
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% | $1,590 |
FHA Loans | Strong | Strong | Strong | Strong | 512 | 12.2% | +0.325% | $1,932 |
VA Loans | Strong | Exceptional | Exceptional | Sound | 1,183 | 28.2% | -0.788% | $307 |
Jumbo Loans | Acceptable | Sound | N/A | Mediocre | 12 | 0.3% | -0.015% | $1,794 |
USDA Loans | Acceptable | Sound | N/A | Mediocre | 18 | 0.4% | +0.298% | $2,087 |
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% | $1,269 |
Refinance | Sound | Strong | Strong | Acceptable | 397 | 9.5% | -0.005% | $1,552 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Charlotte, NC-SCMSA
Volume: 307Mix: 7.32%
Place Specialization
Strong
2
Rochester, MN, MNMSA
Volume: 78Mix: 1.86%
Place Specialization
Strong
3
Atlanta, GAMSA
Volume: 257Mix: 6.13%
Place Specialization
Strong
4
Jacksonville, FL, FLMSA
Volume: 174Mix: 4.15%
Place Specialization
Strong
5
Marietta, GA, GAMSA
Volume: 126Mix: 3.01%
Place Specialization
Strong
6
Ocala, FL, FLMSA
Volume: 77Mix: 1.84%
Place Specialization
Strong
7
Kansas City, MO, MO-KSMSA
Volume: 147Mix: 3.51%
Place Specialization
Strong
8
Hartford, CTMSA
Volume: 50Mix: 1.19%
Place Specialization
Sound
9
Davenport, IA-ILMSA
Volume: 37Mix: 0.88%
Place Specialization
Sound
10
Arlington, VA-WVMSA
Volume: 56Mix: 1.34%
Place Specialization
Sound
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
SCState
Volume: 297Mix: 7.08%
Place Specialization
Strong
2
GAState
Volume: 458Mix: 10.92%
Place Specialization
Strong
3
FLState
Volume: 651Mix: 15.53%
Place Specialization
Strong
4
WIState
Volume: 225Mix: 5.37%
Place Specialization
Strong
5
NCState
Volume: 239Mix: 5.70%
Place Specialization
Strong
6
VAState
Volume: 154Mix: 3.67%
Place Specialization
Strong
7
KSState
Volume: 92Mix: 2.19%
Place Specialization
Strong
8
MNState
Volume: 152Mix: 3.63%
Place Specialization
Strong
9
ILState
Volume: 145Mix: 3.46%
Place Specialization
Strong
10
ALState
Volume: 94Mix: 2.24%
Place Specialization
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)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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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