First International Bank & Trust Mortgage Rates, Fees & Info

Watford City, ND

LEI: 5493002LPXKMOZNXUY90

Tax ID: 45-0134280

3.7 stars - Updated: 2/26/24 - out of 5 stars, based on 44 reviews

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

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Mortgage Data

Review & Overview

First International Bank & Trust is a smaller bank specializing in Home Purchase loans. First International Bank & Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Phoenix, Fargo, Sioux Falls, Bismarck, and Minot among others. We have data for 85 markets. (Some data included below & more in-depth data is available with an active subscription.)

First International Bank & Trust has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First International Bank & Trust is typically an average 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
Home Equity Line of Credit (HELOC) 6.63% 2/26/24
30 Year Conventional Purchase 6.59% 2/26/24
30 Year Conventional Refi 6.52% 2/26/24
30 Year Cash-out Refi 6.72% 2/26/24
30 Year FHA Purchase 7.35% 2/26/24
30 Year FHA Refi 6.99% 2/26/24
30 Year VA Purchase 6.09% 2/26/24
30 Year VA Refi 5.89% 2/26/24
30 Year USDA Purchase 6.60% 2/26/24
15 Year Conventional Purchase 6.12% 2/26/24
15 Year Conventional Refi 6.12% 2/26/24
15 Year Cash-out Refi 6.12% 2/26/24
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.

First International Bank & Trust Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First International Bank & Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,904

Origination Dollar Volume (All Markets)

$709,310,000
Show all (15) awards

Relative Rate

First International Bank & Trust's average 30 year fixed mortgage rate was 5.02%.

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

This yields a difference of 0.26%.

Relative Fees (Closing Costs)

First International Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $7,058.

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
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 274 $222,910,000 $813,540 $15,691 5.03%
FARGO, ND-MN (FHA|USDA|VA) 364 $99,210,000 $272,555 $4,676 4.78%
SIOUX FALLS, SD (FHA|USDA|VA) 261 $95,655,000 $366,494 $5,429 5.07%
BISMARCK, ND (FHA|USDA|VA) 216 $63,400,000 $293,519 $6,039 4.75%
Outside of Metro Areas 266 $53,740,000 $202,030 $4,190 5.18%
Minot, ND (FHA|USDA|VA) 174 $38,010,000 $218,448 $3,737 4.87%
Brookings, SD (FHA|USDA|VA) 3 $14,655,000 $4,885,000 $3,676 6.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 30 $14,520,000 $484,000 $7,541 5.12%
GRAND FORKS, ND-MN (FHA|USDA|VA) 60 $14,250,000 $237,500 $4,745 5.18%
Williston, ND (FHA|USDA|VA) 58 $14,110,000 $243,276 $3,655 5.42%
Dickinson, ND (FHA|USDA|VA) 7 $7,145,000 $1,020,714 $4,043 4.22%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $6,360,000 $1,590,000 $19,230 4.58%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $6,240,000 $1,560,000 $20,013 4.41%
Fergus Falls, MN (FHA|USDA|VA) 17 $5,645,000 $332,059 $5,783 4.70%
Yankton, SD (FHA|USDA|VA) 21 $4,485,000 $213,571 $3,852 5.74%
Watertown, SD (FHA|USDA|VA) 4 $3,140,000 $785,000 $17,449 5.81%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 8 $2,560,000 $320,000 $8,133 5.30%
Spearfish, SD (FHA|USDA|VA) 4 $2,160,000 $540,000 $0 4.69%
Brainerd, MN (FHA|USDA|VA) 9 $2,135,000 $237,222 $4,690 5.15%
TUCSON, AZ (FHA|USDA|VA) 3 $1,985,000 $661,667 $19,090 5.42%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $23,820 4.13%
Edwards, CO (FHA|USDA|VA) 1 $1,685,000 $1,685,000 $0 6.75%
Heber, UT (FHA|USDA|VA) 1 $1,635,000 $1,635,000 $22,290 5.88%
Show Low, AZ (FHA|USDA|VA) 4 $1,510,000 $377,500 $8,505 5.63%
FLAGSTAFF, AZ (FHA|USDA|VA) 3 $1,455,000 $485,000 $6,611 5.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $1,320,000 $330,000 $5,103 4.94%
RAPID CITY, SD (FHA|USDA|VA) 4 $1,300,000 $325,000 $3,465 5.47%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $1,220,000 $610,000 $17,854 4.06%
ST. CLOUD, MN (FHA|USDA|VA) 4 $1,120,000 $280,000 $4,289 4.48%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $1,110,000 $555,000 $8,755 5.13%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $19,640 5.38%
Mitchell, SD (FHA|USDA|VA) 6 $1,010,000 $168,333 $5,517 5.79%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $975,000 $325,000 $4,343 4.71%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $945,000 $945,000 $0 4.95%
Huron, SD (FHA|USDA|VA) 7 $905,000 $129,286 $0 5.36%
Wahpeton, ND-MN (FHA|USDA|VA) 4 $840,000 $210,000 $3,583 3.56%
ST. GEORGE, UT (FHA|USDA|VA) 1 $835,000 $835,000 $12,017 3.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $830,000 $415,000 $6,419 4.50%
ROCHESTER, MN (FHA|USDA|VA) 2 $830,000 $415,000 $5,408 3.38%
Jamestown, ND (FHA|USDA|VA) 4 $760,000 $190,000 $5,058 4.81%
Bozeman, MT (FHA|USDA|VA) 2 $740,000 $370,000 $0 3.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $690,000 $345,000 $5,152 6.88%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 4 $630,000 $157,500 $5,091 4.84%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $625,000 $208,333 $4,647 4.71%
WICHITA, KS (FHA|USDA|VA) 2 $580,000 $290,000 $8,457 5.19%
Worthington, MN (FHA|USDA|VA) 2 $570,000 $285,000 $3,517 5.63%
FORT COLLINS, CO (FHA|USDA|VA) 1 $525,000 $525,000 $0 4.25%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $475,000 $475,000 $15,076 5.50%
Vermillion, SD (FHA|USDA|VA) 2 $470,000 $235,000 $0 5.81%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $445,000 $445,000 $15,929 5.63%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $430,000 $215,000 $2,636 4.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $425,000 $425,000 $18,326 5.88%
CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $420,000 $210,000 $4,513 4.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $400,000 $200,000 $2,298 5.38%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $395,000 $395,000 $5,012 4.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $395,000 $395,000 $8,218 4.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $395,000 $395,000 $8,036 6.25%
ROANOKE, VA (FHA|USDA|VA) 1 $375,000 $375,000 $4,425 6.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $3,348 5.75%
BILLINGS, MT (FHA|USDA|VA) 1 $365,000 $365,000 $6,619 5.25%
Aberdeen, SD (FHA|USDA|VA) 2 $290,000 $145,000 $0 7.19%
TOLEDO, OH (FHA|USDA|VA) 1 $275,000 $275,000 $3,630 5.50%
TULSA, OK (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.50%
GREAT FALLS, MT (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.15%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $230,000 $115,000 $3,717 5.00%
SPARTANBURG, SC (FHA|USDA|VA) 1 $215,000 $215,000 $5,924 5.25%
MADISON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $4,333 5.00%
Willmar, MN (FHA|USDA|VA) 1 $205,000 $205,000 $1,034 5.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,865 4.25%
Pierre, SD (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.13%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.50%
Oskaloosa, IA (FHA|USDA|VA) 1 $185,000 $185,000 $5,419 3.13%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.75%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $155,000 $155,000 $2,460 5.25%
Owatonna, MN (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.50%
Burlington, IA-IL (FHA|USDA|VA) 1 $145,000 $145,000 $7,409 7.13%
Marshall, MN (FHA|USDA|VA) 1 $135,000 $135,000 $4,536 5.25%
Durant, OK (FHA|USDA|VA) 1 $125,000 $125,000 $2,948 3.25%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.75%
Moses Lake, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.50%
Austin, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.63%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $75,000 $75,000 $3,676 6.00%
Bemidji, MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.25%
Alexandria, MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.19%
New Ulm, MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
First International Bank & Trust's top markets include Phoenix, Fargo, Sioux Falls, Bismarck, and Minot among others.

Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,242 $570,370,000 $459,235 $6,421 4.89%
    HELOC 435 $79,675,000 $183,161 n/a 5.39%
    FHA 125 $29,645,000 $237,160 $7,292 4.96%
    VA 79 $24,465,000 $309,684 $7,539 4.41%
    USDA 23 $5,155,000 $224,130 $4,741 4.63%

    For 2022, First International Bank & Trust's most frequently originated type of loan was Conventional, with 1,242 originations. Their 2nd most popular type was HELOC, with 435 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,232 $541,490,000 $439,521 $7,114 4.98%
    Home Improvement 227 $34,185,000 $150,595 $1,430 5.31%
    Other 161 $26,415,000 $164,068 $2,802 5.51%
    Refi 152 $60,540,000 $398,289 $4,418 4.46%
    Cash Out Refi 132 $46,680,000 $353,636 $5,939 4.49%

    For 2022, First International Bank & Trust's most frequently cited loan purpose was Home Purchase, with 1,232 originations. The 2nd most popular reason was Home Improvement, with 227 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,583 $554,455,000 $350,256 $7,058 5.02%
    Other 111 $33,495,000 $301,757 $579 5.08%
    15 Year 75 $22,545,000 $300,600 $3,851 4.15%
    20 Year 56 $14,700,000 $262,500 $4,606 4.86%
    10 Year 25 $8,235,000 $329,400 $1,238 5.32%
    5 Year 25 $59,975,000 $2,399,000 $0 5.15%
    1 Year 22 $11,210,000 $509,545 $0 5.00%
    3 Year 6 $4,110,000 $685,000 $0 4.91%
    30+ year 1 $585,000 $585,000 $0 4.63%

    For 2022, First International Bank & Trust's most frequently cited loan duration was 30 Year, with 1,583 originations. The 2nd most popular length was Other, with 111 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 514 $124,620,000 $242,451
    $5k+ 226 $234,160,000 $1,036,106
    $1k-2k 151 $38,185,000 $252,881
    $2k-3k 144 $33,620,000 $233,472
    $3k-4k 124 $37,890,000 $305,565
    $4k-5k 82 $30,820,000 $375,854

    First International Bank & Trust's average total fees were $7,058, 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
    4-5% 559 $236,265,000 $422,657
    5-6% 507 $163,065,000 $321,627
    3-4% 392 $154,010,000 $392,883
    6-7% 243 $101,815,000 $418,992
    7-8% 83 $21,105,000 $254,277
    2.5-3% 75 $26,555,000 $354,067
    Over 8% 27 $1,925,000 $71,296
    <2.5% 16 $4,470,000 $279,375

    During 2022, First International Bank & Trust's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 4-5%, with 559 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 703 $198,645,000 $282,568 $4,643 4.89%
    $100k-200k 463 $69,045,000 $149,125 $2,975 4.94%
    $100,000 or less 312 $17,950,000 $57,532 $1,793 5.65%
    $400k-600k 235 $111,755,000 $475,553 $7,179 4.71%
    $600k-1MM 108 $78,160,000 $723,704 $11,220 4.69%
    $1MM+ 83 $233,755,000 $2,816,325 $31,425 4.85%

    2022 saw First International Bank & Trust place emphasis on $200k-400k loans with 703 originations, totaling $198,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 386 $101,100,000 $261,917 $5,412 5.08%
    $150k-250k 305 $103,315,000 $338,738 $6,448 5.09%
    $250k+ 289 $233,465,000 $807,837 $15,706 5.02%
    $50k-75k 279 $55,395,000 $198,548 $3,896 4.85%
    $75k-100k 269 $60,575,000 $225,186 $4,578 5.03%
    $50k or less 152 $21,530,000 $141,645 $3,287 4.98%

    First International Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 386 originations. The second most popular income band? $150k-250k, with 305 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 324 $117,920,000 $363,951 $7,116 4.96%
    20-30% 321 $93,145,000 $290,171 $5,681 4.92%
    <20% 170 $70,750,000 $416,176 $8,358 5.06%
    50-60% 103 $43,205,000 $419,466 $9,356 4.95%
    39% 87 $25,065,000 $288,103 $5,685 5.19%
    37% 64 $21,540,000 $336,563 $6,404 5.07%
    38% 59 $18,705,000 $317,034 $5,856 5.31%
    44% 58 $16,240,000 $280,000 $5,031 4.85%
    43% 56 $17,370,000 $310,179 $4,579 4.62%
    40% 55 $15,825,000 $287,727 $4,390 4.83%
    36% 53 $14,085,000 $265,755 $4,712 4.86%
    41% 53 $16,705,000 $315,189 $5,483 4.98%
    45% 48 $16,600,000 $345,833 $5,816 4.73%
    49% 48 $14,440,000 $300,833 $4,738 5.12%
    46% 47 $14,365,000 $305,638 $5,554 5.07%
    >60% 46 $27,120,000 $589,565 $14,047 5.26%
    47% 46 $17,970,000 $390,652 $7,965 5.07%
    42% 41 $9,175,000 $223,780 $4,553 5.17%
    48% 37 $9,475,000 $256,081 $5,841 5.27%

    First International Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 324 originations. The next most common DTI ratio? 20-30%, with 321 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,441 $439,595,000 $305,062 $5,687 4.97%
    Not provided 267 $142,185,000 $532,528 $12,454 5.09%
    Not applicable 140 $112,970,000 $806,929 $0 4.94%
    Black 25 $6,105,000 $244,200 $4,909 5.10%
    Asian 17 $5,115,000 $300,882 $6,486 5.01%
    American Indian 12 $2,510,000 $209,167 $4,583 5.78%
    Native Hawaiian or Islander 2 $830,000 $415,000 $10,573 4.13%

    Approval Rates

    Total approvals of all applications
    94.61%

    First International Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.19%

    First International Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,904 $709,310,000 $372,537

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,904 $709,310,000 $372,537

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 231 $46,945,000 $203,225 $3,002 5.16%
    40-60% 177 $75,905,000 $428,842 $5,375 4.95%
    60-80% 537 $302,455,000 $563,231 $8,263 4.75%
    80-100% 715 $259,535,000 $362,986 $6,105 4.94%
    Over 100% 22 $6,830,000 $310,455 $11,743 4.27%
    Under 20% 221 $17,595,000 $79,615 $781 5.65%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%