The First National Bank And Trust Company Mortgage Rates, Fees & Info

Beloit, WI

LEI: 5493001SSNVCONGBH947

Tax ID: 39-0159135

5 stars - out of 5 stars, based on 24 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The First National Bank And Trust Company is a smaller bank specializing in loans. The First National Bank And Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Whitewater, Janesville, Rockford, Madison, and Milwaukee among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First National Bank And Trust Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The First National Bank And Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.62% 3/27/23
    30 Year Conventional Refi 6.39% 3/27/23
    30 Year Cash-out Refi 6.47% 3/27/23
    30 Year USDA Purchase 6.36% 3/27/23
    15 Year Conventional Purchase 6.37% 3/27/23
    15 Year Conventional Refi 6.27% 3/27/23
    15 Year Cash-out Refi 6.27% 3/27/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    564

    Origination Dollar Volume (All Markets)

    $109,870,000
    Show all (6) awards

    Relative Rate

    The First National Bank And Trust Company's average 30 year fixed mortgage rate was 4.82%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.06%.

    Relative Fees (Closing Costs)

    The First National Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $2,336.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Whitewater, WI (FHA|USDA|VA) 129 $35,495,000 $275,155 $1,531 4.72%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 185 $33,025,000 $178,514 $1,449 5.31%
    ROCKFORD, IL (FHA|USDA|VA) 136 $15,640,000 $115,000 $1,425 5.27%
    MADISON, WI (FHA|USDA|VA) 55 $7,715,000 $140,273 $1,220 5.05%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 7 $3,615,000 $516,429 $2,030 4.93%
    Freeport, IL (FHA|USDA|VA) 4 $2,840,000 $710,000 $2,965 5.01%
    Dixon, IL (FHA|USDA|VA) 2 $2,800,000 $1,400,000 $2,607 3.76%
    Outside of Metro Areas 20 $2,390,000 $119,500 $1,089 5.56%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $1,690,000 $845,000 $5,451 3.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $1,400,000 $175,000 $2,766 5.22%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 5 $1,225,000 $245,000 $1,475 4.91%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $410,000 $205,000 $3,310 4.31%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $315,000 $315,000 $4,157 3.75%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $265,000 $265,000 $1,881 5.38%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,812 3.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,619 4.38%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,430 3.63%
    RACINE, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,162 6.38%
    Ottawa, IL (FHA|USDA|VA) 1 $145,000 $145,000 $3,830 6.13%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $75,000 $75,000 $1,559 5.63%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.50%
    The First National Bank And Trust Company's top markets include Whitewater, Janesville, Rockford, Madison, and Milwaukee among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The First National Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 30
    Liberty Bank for Savings
    Similarity Rank: 153
    DMB Community Bank
    Similarity Rank: 325
    Rock Valley Credit Union
    Similarity Rank: 343
    NORTHWESTERN MUTUAL
    Similarity Rank: 469
    Starion Bank
    Similarity Rank: 550
    SENB Bank
    Similarity Rank: 621
    Mound City Bank
    Similarity Rank: 644
    Bank of Sun Prairie
    Similarity Rank: 660
    PyraMax Bank, FSB
    Similarity Rank: 675

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 563 $109,755,000 $194,947 $1,499 5.12%
    USDA 1 $115,000 $115,000 $3,643 6.25%

    For 2022, The First National Bank And Trust Company's most frequently originated type of loan was Conventional, with 563 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 257 $60,115,000 $233,911 $2,424 5.02%
    Home Improvement 90 $8,340,000 $92,667 $70 5.93%
    Cash Out Refi 89 $18,995,000 $213,427 $1,646 4.44%
    Other 76 $3,260,000 $42,895 $126 5.97%
    Refi 52 $19,160,000 $368,462 $1,536 4.12%

    For 2022, The First National Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 257 originations. The 2nd most popular reason was Home Improvement, with 90 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 305 $72,475,000 $237,623 $2,336 4.82%
    10 Year 103 $5,135,000 $49,854 $52 5.85%
    15 Year 89 $9,755,000 $109,607 $948 5.46%
    5 Year 48 $3,460,000 $72,083 $0 5.08%
    20 Year 10 $1,470,000 $147,000 $2,530 5.00%
    Other 7 $16,475,000 $2,353,571 $0 3.68%
    3 Year 1 $95,000 $95,000 $0 5.15%
    30+ year 1 $1,005,000 $1,005,000 $3,959 4.63%

    For 2022, The First National Bank And Trust Company's most frequently cited loan duration was 30 Year, with 305 originations. The 2nd most popular length was 10 Year, with 103 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 514 $86,940,000 $169,144
    $1k-2k 8 $1,120,000 $140,000
    $2k-3k 2 $270,000 $135,000
    $5k+ 2 $730,000 $365,000
    $3k-4k 1 $295,000 $295,000

    The First National Bank And Trust Company's average total fees were $2,336, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 514 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 157 $22,205,000 $141,433
    3-4% 127 $35,235,000 $277,441
    4-5% 109 $25,325,000 $232,339
    6-7% 86 $10,710,000 $124,535
    7-8% 35 $2,175,000 $62,143
    2.5-3% 32 $13,080,000 $408,750
    Over 8% 15 $695,000 $46,333
    <2.5% 3 $445,000 $148,333

    During 2022, The First National Bank And Trust Company's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 5-6%, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 226 $10,000,000 $44,248 $498 5.76%
    $100k-200k 181 $26,405,000 $145,884 $2,013 4.89%
    $200k-400k 115 $31,555,000 $274,391 $2,218 4.54%
    $400k-600k 21 $10,525,000 $501,190 $2,739 4.74%
    $1MM+ 12 $24,740,000 $2,061,667 $3,851 3.77%
    $600k-1MM 9 $6,645,000 $738,333 $2,545 3.78%

    2022 saw The First National Bank And Trust Company place emphasis on $100,000 or less loans with 226 originations, totaling $10,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 135 $16,095,000 $119,222 $1,429 5.14%
    $50k or less 117 $9,765,000 $83,462 $1,340 5.51%
    $100k-150k 106 $17,700,000 $166,981 $1,422 5.05%
    $75k-100k 83 $11,555,000 $139,217 $1,487 5.09%
    $150k-250k 61 $17,745,000 $290,902 $1,898 5.06%
    $250k+ 34 $17,390,000 $511,471 $1,884 4.50%

    The First National Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 135 originations. The second most popular income band? $50k or less, with 117 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 137 $21,705,000 $158,431 $1,399 4.92%
    30-36% 100 $14,290,000 $142,900 $1,518 5.20%
    <20% 53 $9,735,000 $183,679 $1,260 5.17%
    42% 31 $7,005,000 $225,968 $1,185 5.30%
    38% 31 $4,115,000 $132,742 $1,111 5.50%
    39% 24 $4,120,000 $171,667 $1,479 4.96%
    41% 20 $2,810,000 $140,500 $1,191 5.61%
    36% 19 $2,555,000 $134,474 $1,730 5.31%
    44% 19 $2,775,000 $146,053 $1,712 5.16%
    37% 18 $2,170,000 $120,556 $1,340 5.32%
    45% 18 $3,610,000 $200,556 $2,090 5.16%
    43% 17 $3,915,000 $230,294 $2,106 4.78%
    40% 16 $2,440,000 $152,500 $1,385 5.29%
    46% 13 $3,675,000 $282,692 $2,333 5.08%
    47% 11 $2,185,000 $198,636 $1,719 4.60%
    48% 7 $1,145,000 $163,571 $2,539 5.41%
    49% 7 $2,005,000 $286,429 $2,788 5.14%
    50-60% 4 $750,000 $187,500 $1,476 5.36%
    >60% 1 $345,000 $345,000 $2,777 3.38%

    The First National Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 137 originations. The next most common DTI ratio? 30-36%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 501 $82,875,000 $165,419 $1,513 5.15%
    Not applicable 18 $18,450,000 $1,025,000 $0 4.63%
    Not provided 26 $5,130,000 $197,308 $1,168 5.23%
    Asian 6 $1,760,000 $293,333 $2,014 4.06%
    Black 8 $920,000 $115,000 $1,355 5.19%
    Asian Indian 2 $510,000 $255,000 $2,005 4.00%
    American Indian 2 $130,000 $65,000 $890 4.00%
    Native Hawaiian or Islander 1 $95,000 $95,000 $2,847 7.00%

    Approval Rates

    Total approvals of all applications
    88.66%

    The First National Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.74%

    The First National Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 564 $109,870,000 $194,805

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    564 $109,870,000 $194,805

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 71 $14,785,000 $208,239 $614 5.61%
    40-60% 62 $11,360,000 $183,226 $1,660 4.59%
    60-80% 159 $44,965,000 $282,799 $2,285 4.61%
    80-100% 140 $34,200,000 $244,286 $2,515 4.93%
    Under 20% 132 $4,560,000 $34,545 $28 5.92%