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The Federal Savings Bank
Bank|Chicago, IL|National
Loans Originated
7,048
Applications
17,531
Volume
$2 billion
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.582%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,809
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
40.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 58 basis points above market average
Report Card
The Federal Savings Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
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
$396,247
Average Borrower Income
$128,999
Average Property Value
$472,741
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Sound | 2,127 | 30.2% | +0.659% | $3,473 |
FHA Loans | Sound | Exceptional | Acceptable | Sound | 1,194 | 16.9% | +0.670% | $4,116 |
VA Loans | Acceptable | Exceptional | Mediocre | Sound | 3,668 | 52.0% | +0.346% | $4,394 |
Jumbo Loans | Sound | Strong | Acceptable | Sound | 46 | 0.7% | +0.494% | $2,787 |
USDA Loans | Sound | Strong | N/A | Sound | 13 | 0.2% | -0.039% | $2,032 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Mediocre | Strong | 3,199 | 45.4% | +0.587% | $3,494 |
Refinance | Acceptable | Exceptional | Mediocre | Sound | 3,849 | 54.6% | +0.567% | $4,876 |
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
Chicago, ILMSA
Volume: 728Mix: 10.33%
Place Specialization
Exceptional
2
Nassau County, NYMSA
Volume: 276Mix: 3.92%
Place Specialization
Strong
3
New York, NY-NJMSA
Volume: 326Mix: 4.63%
Place Specialization
Strong
4
Indianapolis, INMSA
Volume: 238Mix: 3.38%
Place Specialization
Strong
5
Lima, OH, OHMSA
Volume: 57Mix: 0.81%
Place Specialization
Strong
6
Lakewood, NJMSA
Volume: 146Mix: 2.07%
Place Specialization
Strong
7
Elgin, IL, ILMSA
Volume: 73Mix: 1.04%
Place Specialization
Strong
8
Virginia Beach, VA-NCMSA
Volume: 136Mix: 1.93%
Place Specialization
Strong
9
Lake County, IL, ILMSA
Volume: 58Mix: 0.82%
Place Specialization
Strong
10
Arlington, VA-WVMSA
Volume: 126Mix: 1.79%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
ILState
Volume: 933Mix: 13.24%
Place Specialization
Exceptional
2
NYState
Volume: 650Mix: 9.22%
Place Specialization
Strong
3
VAState
Volume: 395Mix: 5.60%
Place Specialization
Strong
4
NJState
Volume: 306Mix: 4.34%
Place Specialization
Strong
5
INState
Volume: 360Mix: 5.11%
Place Specialization
Strong
6
GAState
Volume: 320Mix: 4.54%
Place Specialization
Strong
7
NCState
Volume: 366Mix: 5.19%
Place Specialization
Strong
8
TNState
Volume: 213Mix: 3.02%
Place Specialization
Strong
9
OHState
Volume: 264Mix: 3.75%
Place Specialization
Strong
10
WAState
Volume: 176Mix: 2.50%
Place Specialization
Strong
Showing 10 of 49 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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