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.

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First Federal Bank

Bank•Lake City, FLHQ•Direct•Reviews near you on Google

We analyzed every closed loan from First Federal Bank — 4.2k loans across 7k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Exceptional

5/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Sound

3/5

National · 49 mkts

Awards

Conventional

Superstar

FHA

Superstar

Purchase

Superstar

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

Explore another lender or local market

Report Card

First Federal Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Exceptional

Rates 15.1 bps below market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Strong

Top 40% of lenders

FHA

Strong

Top 40% of lenders

Exceptional

Top 20% of lenders

Jumbo

Sound

Top 60% of lenders

USDA

Sound

Top 60% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Strong

Top 40% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 markets

Sound

Top 60% of lenders

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

Conventional

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Sound

Volume2,468

Mix58.9%

Spread

+0.026%Above

Fees

$1,590Fees

FHA Loans

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Strong

Volume512

Mix12.2%

Spread

+0.325%Above

Fees

$1,932Fees

VA Loans

Overall

Strong

Product

Exceptional

Pricing

Exceptional

Pull Through

Sound

Volume1,183

Mix28.2%

Spread

-0.788%Below

Fees

$307Fees

Jumbo Loans

Overall

Acceptable

Product

Sound

Pricing—

Pull Through

Mediocre

Volume12

Mix0.3%

Spread

-0.015%Below

Fees

$1,794Fees

USDA Loans

Overall

Acceptable

Product

Sound

Pricing—

Pull Through

Mediocre

Volume18

Mix0.4%

Spread

+0.298%Above

Fees

$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

Purchase

Overall

Strong

Product

Strong

Pricing

Exceptional

Pull Through

Sound

Volume3,796

Mix90.5%

Spread

-0.168%Below

Fees

$1,269Fees

Refinance

Overall

Sound

Product

Strong

Pricing

Strong

Pull Through

Acceptable

Volume397

Mix9.5%

Spread

-0.005%Below

Fees

$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

markets with activity

States Served

Includes Washington, DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

51Nationwide · all 50 states and DC

Northeast9

CTMEMANHNJNYPARIVT

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West13

AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© chucka_nc · CC BY-SA 2.0

Charlotte, NC-SCMetro

Volume 307Mix 7.32% of portfolio

79/100

Strong

2© Theresa Marconi · CC BY-SA 3.0

Rochester, MNMetro

Volume 78Mix 1.86% of portfolio

74/100

Strong

3© Warren LeMay from Cincinnati, OH, United States · CC0

Atlanta, GAMetro

Volume 257Mix 6.13% of portfolio

73/100

Strong

4© DXR · CC BY-SA 4.0

Jacksonville, FLMetro

Volume 174Mix 4.15% of portfolio

73/100

Strong

Marietta, GAMetro

Volume 126Mix 3.01% of portfolio

72/100

Strong

Ocala, FLMetro

Volume 77Mix 1.84% of portfolio

71/100

Strong

Kansas City, MO, MO-KSMetro

Volume 147Mix 3.51% of portfolio

67/100

Strong

Hartford, CTMetro

Volume 50Mix 1.19% of portfolio

59/100

Sound

Davenport, IA-ILMetro

Volume 37Mix 0.88% of portfolio

57/100

Sound

Arlington, VA-WVMetro

Volume 56Mix 1.34% of portfolio

57/100

Sound

Showing 10 of 49 metro areas

Top States by Place Specialization Score

South CarolinaState

Volume 297Mix 7.08% of portfolio

75/100

Strong

GeorgiaState

Volume 458Mix 10.92% of portfolio

75/100

Strong

FloridaState

Volume 651Mix 15.53% of portfolio

73/100

Strong

WisconsinState

Volume 225Mix 5.37% of portfolio

70/100

Strong

North CarolinaState

Volume 239Mix 5.70% of portfolio

65/100

Strong

VirginiaState

Volume 154Mix 3.67% of portfolio

65/100

Strong

KansasState

Volume 92Mix 2.19% of portfolio

65/100

Strong

MinnesotaState

Volume 152Mix 3.63% of portfolio

64/100

Strong

IllinoisState

Volume 145Mix 3.46% of portfolio

62/100

Strong

AlabamaState

Volume 94Mix 2.24% of portfolio

62/100

Strong

Showing 10 of 46 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

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 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

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.