First International Bank & Trust Mortgage Rates, Fees & Info
Watford City, NDLEI: 5493002LPXKMOZNXUY90
Tax ID: 45-0134280
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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 an average proportion of FHA loans. 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 67 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.63% | 4/25/24 |
| 30 Year Conventional Purchase | 6.59% | 4/25/24 |
| 30 Year Conventional Refi | 6.52% | 4/25/24 |
| 30 Year Cash-out Refi | 6.72% | 4/25/24 |
| 30 Year FHA Purchase | 7.35% | 4/25/24 |
| 30 Year FHA Refi | 6.99% | 4/25/24 |
| 30 Year VA Purchase | 6.09% | 4/25/24 |
| 30 Year VA Refi | 5.89% | 4/25/24 |
| 30 Year USDA Purchase | 6.60% | 4/25/24 |
| 15 Year Conventional Purchase | 6.12% | 4/25/24 |
| 15 Year Conventional Refi | 6.12% | 4/25/24 |
| 15 Year Cash-out Refi | 6.12% | 4/25/24 |
| 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
1,281Origination Dollar Volume (All Markets)
$413,275,000Awards
First International Bank & Trust - 2023
First International Bank & Trust is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
First International Bank & Trust's average 30 year fixed mortgage rate was
7.2%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.72%.
Relative Fees (Closing Costs)
First International Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,619.
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 $9,089.
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) | 153 | $108,455,000 | $708,856 | $13,243 | 7.57% |
| FARGO, ND-MN (FHA|USDA|VA) | 229 | $58,355,000 | $254,825 | $4,225 | 7.21% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 190 | $53,940,000 | $283,895 | $5,418 | 7.07% |
| Outside of Metro Areas | 215 | $42,865,000 | $199,372 | $4,384 | 7.27% |
| BISMARCK, ND (FHA|USDA|VA) | 118 | $36,530,000 | $309,576 | $5,816 | 7.03% |
| Minot, ND (FHA|USDA|VA) | 132 | $26,710,000 | $202,348 | $4,246 | 7.28% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 51 | $12,905,000 | $253,039 | $6,732 | 6.87% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 17 | $12,065,000 | $709,706 | $9,523 | 7.60% |
| Williston, ND (FHA|USDA|VA) | 37 | $8,485,000 | $229,324 | $4,285 | 7.54% |
| Fergus Falls, MN (FHA|USDA|VA) | 22 | $7,400,000 | $336,364 | $5,514 | 7.58% |
| Brainerd, MN (FHA|USDA|VA) | 9 | $3,955,000 | $439,444 | $2,794 | 7.66% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $3,565,000 | $3,565,000 | $53,879 | 5.25% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $2,860,000 | $715,000 | $12,755 | 7.50% |
| Yankton, SD (FHA|USDA|VA) | 14 | $2,500,000 | $178,571 | $4,886 | 6.55% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $2,000,000 | $500,000 | $4,431 | 7.55% |
| Show Low, AZ (FHA|USDA|VA) | 4 | $2,000,000 | $500,000 | $10,286 | 7.75% |
| Spearfish, SD (FHA|USDA|VA) | 4 | $1,850,000 | $462,500 | $9,808 | 7.29% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $11,409 | 5.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $23,608 | 7.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $5,429 | 6.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $5,505 | 6.29% |
| Watertown, SD (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $1,158 | 8.38% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $21,838 | 7.50% |
| CASPER, WY (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $6,051 | 6.44% |
| Mitchell, SD (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $6,521 | 6.54% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $2,742 | 7.13% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $3,211 | 7.06% |
| Brookings, SD (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $7,920 | 7.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $7,159 | 6.13% |
| Vermillion, SD (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $1,503 | 6.53% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $2,352 | 6.88% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $11,908 | 8.38% |
| Dickinson, ND (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $795 | 6.94% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 7.13% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $7,843 | 5.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $8,370 | 7.31% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 6.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $12,075 | 6.25% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 8.75% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $1,748 | 7.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,260 | 6.56% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,212 | 7.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 7.38% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $285 | 5.75% |
| RENO, NV (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,508 | 7.25% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,134 | 7.38% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,977 | 5.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,157 | 7.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 7.50% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.50% |
| Aberdeen, SD (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $988 | 7.02% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,425 | 6.88% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,749 | 6.75% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,292 | 7.25% |
| Laramie, WY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,443 | 7.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,197 | 6.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,600 | 6.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,882 | 7.13% |
| Worthington, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,873 | 6.75% |
| Huron, SD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.88% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,080 | 8.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,523 | 6.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.88% |
| Pierre, SD (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.88% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $758 | 7.04% |
| Jamestown, ND (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $708 | 8.29% |
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
For 2023, First International Bank & Trust's most frequently originated type of loan was Conventional, with 811 originations. Their 2nd most popular type was HELOC, with 256 originations.
Loan Reason
For 2023, First International Bank & Trust's most frequently cited loan purpose was Home Purchase, with 954 originations. The 2nd most popular reason was Home Improvement, with 135 originations.
Loan Duration/Length
For 2023, First International Bank & Trust's most frequently cited loan duration was 30 Year, with 1,091 originations. The 2nd most popular length was Other, with 66 originations.
Origination Fees/Closing Costs
First International Bank & Trust's average total fees were $6,619, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 438 originations.
Interest Rates
During 2023, First International Bank & Trust's average interest rate for loans was 7.20%, while their most frequently originated rate bucket for loans was 6-7%, with 430 originations.
Loan Sizing
2023 saw First International Bank & Trust place emphasis on $200k-400k loans with 486 originations, totaling $138,630,000 in origination value.
Applicant Income
First International Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 277 originations. The second most popular income band? $150k-250k, with 242 originations.
Applicant Debt to Income Ratio
First International Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 223 originations. The next most common DTI ratio? 20-30%, with 192 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.95%
First International Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination86.10%
First International Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,281 | $413,275,000 | $322,619 |