Corefirst Bank & Trust Mortgage Rates, Fees & InfoTopeka, KS
Tax ID: 48-0649730
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCorefirst Bank & Trust is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Corefirst Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Topeka, Warrensburg, Denver, and St. Joseph among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)
Corefirst 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. Corefirst Bank & Trust 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.88%||3/28/23|
|30 Year Conventional Purchase||6.18%||3/28/23|
|30 Year Conventional Refi||6.12%||3/28/23|
|30 Year Cash-out Refi||6.18%||3/28/23|
|15 Year Conventional Purchase||5.56%||3/28/23|
|15 Year Conventional Refi||5.77%||3/28/23|
|15 Year Cash-out Refi||5.77%||3/28/23|
|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.|
Origination Dollar Volume (All Markets)$88,870,000
Corefirst Bank & Trust's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.29%.
Relative Fees (Closing Costs)
Corefirst Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,071.
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.
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|
|KANSAS CITY, MO-KS (FHA|USDA|VA)||77||$35,765,000||$464,481||$2,088||5.40%|
|TOPEKA, KS (FHA|USDA|VA)||332||$32,520,000||$97,952||$1,568||5.08%|
|Warrensburg, MO (FHA|USDA|VA)||2||$7,210,000||$3,605,000||$0||5.00%|
|DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)||8||$3,130,000||$391,250||$0||4.54%|
|ST. JOSEPH, MO-KS (FHA|USDA|VA)||2||$3,040,000||$1,520,000||$0||4.89%|
|Outside of Metro Areas||6||$2,570,000||$428,333||$3,459||4.63%|
|LAWRENCE, KS (FHA|USDA|VA)||12||$1,970,000||$164,167||$2,072||5.03%|
|Emporia, KS (FHA|USDA|VA)||2||$1,870,000||$935,000||$2,185||4.19%|
|Ottawa, KS (FHA|USDA|VA)||1||$545,000||$545,000||$0||3.75%|
|MANHATTAN, KS (FHA|USDA|VA)||2||$250,000||$125,000||$2,272||5.28%|
We use machine learning to identify the top lenders compared against CoreFirst 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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Corefirst Bank & Trust's most frequently originated type of loan was Conventional, with 262 originations. Their 2nd most popular type was HELOC, with 182 originations.
For 2022, Corefirst Bank & Trust's most frequently cited loan purpose was Home Purchase, with 153 originations. The 2nd most popular reason was Home Improvement, with 99 originations.
For 2022, Corefirst Bank & Trust's most frequently cited loan duration was Other, with 224 originations. The 2nd most popular length was 30 Year, with 68 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Corefirst Bank & Trust's average total fees were $2,071, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 153 originations.
During 2022, Corefirst Bank & Trust's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 4-5%, with 146 originations.
2022 saw Corefirst Bank & Trust place emphasis on $100,000 or less loans with 242 originations, totaling $11,510,000 in origination value.
Corefirst Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 84 originations. The second most popular income band? $100k-150k, with 68 originations.
Applicant Debt to Income Ratio
Corefirst Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? <20%, with 75 originations.
Approval RatesTotal approvals of all applications
Corefirst Bank & Trust has an average approval rate.
Pick RateApprovals leading to origination
Corefirst Bank & Trust has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|