# First Federal Savings and Loan Association of Lakewood

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

> **📋 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 Lakewood is a bank, headquartered in Lakewood, OH, serving borrowers across 12 states, with 899 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 36% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 31% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300DPWFIO1S3DF358
- **Headquarters:** Lakewood, OH
- **Geographic Reach:** Multi-Region
- **States Served:** 12
- **State List:** DC, FL, IL, KY, MI, NC, NV, OH, PA, SC, TN, VA
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 98.9%
- **Brokered/Wholesale:** 1.1%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 64/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 69/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.239%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $955
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 899
- **Dollar Volume:** $287 million
- **Applications Received:** 1,151
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $319,171
- **Average Borrower Income:** $182,331

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **FHA Gold Superstar** (65%)
- ⭐ **Jumbo Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 70/100 | 833 | +0.248% | $982 | Strong 😀 |
| FHA | 56/100 | 27 | +0.302% | $294 | Sound ☺️ |
| Jumbo | 73/100 | 31 | +0.136% | $857 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 766 loans, Score: 71/100 (Strong)
- Refinance: 67 loans, Score: 58/100 (Sound)

**FHA:**
- Purchase: 27 loans, Score: 56/100 (Sound)

**Jumbo:**
- Purchase: 31 loans, Score: 74/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 69/100 | 831 | $271M | +0.231% | Strong 😀 |
| Refinance | 55/100 | 68 | $16M | +0.343% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OH | 836 | 0.62% | 85/100 |
| MI | 21 | 0.02% | 45/100 |
| NC | 12 | 0.01% | 38/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Cleveland, OH | OH | 588 | 92/100 |
| Akron, OH | OH | 93 | 75/100 |
| Columbus, OH | OH | 68 | 65/100 |
| Non |  | 34 | 34/100 |
| Toledo, OH | OH | 27 | 57/100 |
| Detroit | MI | 11 | 42/100 |

## Frequently Asked Questions

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

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

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

First Federal Savings and Loan Association of Lakewood offers mortgages in 12 states: DC, FL, IL, KY, MI, NC, NV, OH, PA, SC, TN, VA.

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

First Federal Savings and Loan Association of Lakewood has a pricing score of 64/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.239% above market average.

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

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

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

First Federal Savings and Loan Association of Lakewood has a pull-through score of 69/100 (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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/first-federal-savings-and-loan-association-of-lakewood

### How to Cite

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

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