What loan types does The Federal Savings Bank offer?

The Federal Savings Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does The Federal Savings Bank offer mortgages?

The Federal Savings Bank is a national lender offering mortgages in all 50 states plus Washington D.C.

How competitive are The Federal Savings Bank's mortgage rates?

The Federal Savings Bank has an overall pricing score of 16.3/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is The Federal Savings Bank?

The Federal Savings Bank is a Bank headquartered in Chicago, IL.

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The Federal Savings Bank

Bank•Chicago, ILHQ•Direct•Reviews near you on Google

We analyzed every closed loan from The Federal Savings Bank — 7.0k loans across 18k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Mediocre

1/5

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

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

Explore another lender or local market

Report Card

The Federal Savings Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Mediocre

+58.2 bps above market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Strong

Top 40% of lenders

FHA

Exceptional

Top 20% of lenders

Exceptional

Top 20% of lenders

Jumbo

Strong

Top 40% of lenders

USDA

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 20% of lenders

Refinance

Exceptional

Top 20% 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	Sound	Strong	Mediocre	Sound	2,127	30.2%	+0.659%Above	$3,473Fees
FHA Loans	Sound	Exceptional	Acceptable	Sound	1,194	16.9%	+0.670%Above	$4,116Fees
VA Loans	Sound	Exceptional	Mediocre	Sound	3,668	52.0%	+0.346%Above	$4,394Fees
Jumbo Loans	Sound	Strong	Acceptable	Sound	46	0.7%	+0.494%Above	$2,787Fees
USDA Loans	Strong	Strong	—	Sound	13	0.2%	-0.039%Below	$2,032Fees

Conventional

Overall

Sound

Product

Strong

Pricing

Mediocre

Pull Through

Sound

Volume2,127

Mix30.2%

Spread

+0.659%Above

Fees

$3,473Fees

FHA Loans

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume1,194

Mix16.9%

Spread

+0.670%Above

Fees

$4,116Fees

VA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Sound

Volume3,668

Mix52.0%

Spread

+0.346%Above

Fees

$4,394Fees

Jumbo Loans

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Sound

Volume46

Mix0.7%

Spread

+0.494%Above

Fees

$2,787Fees

USDA Loans

Overall

Strong

Product

Strong

Pricing—

Pull Through

Sound

Volume13

Mix0.2%

Spread

-0.039%Below

Fees

$2,032Fees

Loan Purpose Performance

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%Above	$3,494Fees
Refinance	Sound	Exceptional	Mediocre	Sound	3,849	54.6%	+0.567%Above	$4,876Fees

Purchase

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume3,199

Mix45.4%

Spread

+0.587%Above

Fees

$3,494Fees

Refinance

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Sound

Volume3,849

Mix54.6%

Spread

+0.567%Above

Fees

$4,876Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

7,048

Applications

17,531

Volume

$2 billion

Pricing & Closing

Avg Rate Spread

+0.582%

vs. market APOR

Avg Net Fees

$3,809

Origination − Credits

Pullthrough Rate

40.2%

Applications → Closed

Typical Borrower

Avg Loan Amount

$396,247

Avg Borrower Income

$128,999

Avg Property Value

$472,741

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© John Picken · CC BY 2.0

Chicago, ILMetro

Volume 728Mix 10.33% of portfolio

82/100

Exceptional

2© Dicklyon · CC BY-SA 4.0

Nassau County, NYMetro

Volume 276Mix 3.92% of portfolio

76/100

Strong

3© Dllu · CC BY-SA 4.0

New York, NY-NJMetro

Volume 326Mix 4.63% of portfolio

75/100

Strong

4© TheWxResearcher · CC0

Indianapolis, INMetro

Volume 238Mix 3.38% of portfolio

74/100

Strong

Lima, OHMetro

Volume 57Mix 0.81% of portfolio

71/100

Strong

Lakewood, NJMetro

Volume 146Mix 2.07% of portfolio

71/100

Strong

Elgin, ILMetro

Volume 73Mix 1.04% of portfolio

68/100

Strong

Virginia Beach, VA-NCMetro

Volume 136Mix 1.93% of portfolio

68/100

Strong

Lake County, ILMetro

Volume 58Mix 0.82% of portfolio

67/100

Strong

Arlington, VA-WVMetro

Volume 126Mix 1.79% of portfolio

66/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

IllinoisState

Volume 933Mix 13.24% of portfolio

82/100

Exceptional

New YorkState

Volume 650Mix 9.22% of portfolio

78/100

Strong

VirginiaState

Volume 395Mix 5.60% of portfolio

75/100

Strong

New JerseyState

Volume 306Mix 4.34% of portfolio

73/100

Strong

IndianaState

Volume 360Mix 5.11% of portfolio

71/100

Strong

GeorgiaState

Volume 320Mix 4.54% of portfolio

69/100

Strong

North CarolinaState

Volume 366Mix 5.19% of portfolio

68/100

Strong

TennesseeState

Volume 213Mix 3.02% of portfolio

67/100

Strong

OhioState

Volume 264Mix 3.75% of portfolio

66/100

Strong

WashingtonState

Volume 176Mix 2.50% of portfolio

66/100

Strong

Showing 10 of 49 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.