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FIRST SAVINGS MORTGAGE CORPORATION
Independent Mortgage Company|MCLEAN, VA|Multi-Region
Loans Originated
1,852
Applications
2,235
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.219%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,803
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
82.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
Things to Think About
- Pricing may be below industry average
Report Card
FIRST SAVINGS MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 7 metro areas · 7 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$601,717
Average Borrower Income
$239,242
Average Property Value
$827,370
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 1,459 | 78.8% | +0.183% | $2,887 |
FHA Loans | Strong | Strong | N/A | Strong | 102 | 5.5% | +1.080% | $2,374 |
VA Loans | Strong | Strong | N/A | Exceptional | 186 | 10.0% | -0.295% | $5,885 |
Jumbo Loans | Sound | Exceptional | Mediocre | Strong | 105 | 5.7% | +0.690% | $1,361 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 1,643 | 88.7% | +0.217% | $2,872 |
Refinance | Sound | Strong | Acceptable | Strong | 209 | 11.3% | +0.233% | $2,325 |
Geographic Coverage
Metro Areas
6
States Served
7
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
DCDEFLMDNCSCVA
Top Metro Areas by Place Specialization Score
1
Washington, DC, DC-MDMSA
Volume: 492Mix: 26.57%
Place Specialization
Exceptional
2
Arlington, VA-WVMSA
Volume: 790Mix: 42.66%
Place Specialization
Exceptional
3
Frederick, MDMSA
Volume: 287Mix: 15.50%
Place Specialization
Exceptional
4
Baltimore, MDMSA
Volume: 100Mix: 5.40%
Place Specialization
Strong
5
Richmond, VA, VAMSA
Volume: 19Mix: 1.03%
Place Specialization
Sound
6
Virginia Beach, VA-NCMSA
Volume: 16Mix: 0.86%
Place Specialization
Sound
Top States by Place Specialization Score
1
DCState
Volume: 424Mix: 22.89%
Place Specialization
Exceptional
2
VAState
Volume: 885Mix: 47.79%
Place Specialization
Exceptional
3
MDState
Volume: 478Mix: 25.81%
Place Specialization
Exceptional
4
DEState
Volume: 12Mix: 0.65%
Place Specialization
Sound
5
NCState
Volume: 20Mix: 1.08%
Place Specialization
Sound
6
FLState
Volume: 23Mix: 1.24%
Place Specialization
Acceptable
7
SCState
Volume: 10Mix: 0.54%
Place Specialization
Acceptable
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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