Corefirst Bank & Trust Mortgage Rates, Fees & Info

Topeka, KS

LEI: 5493009SXBJ8LKIU7Q54

Tax ID: 48-0649730

5 stars - Updated: 3/28/24 - out of 5 stars, based on 21 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Corefirst Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Corefirst Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Kansas City, Oklahoma City, Denver, and Lawrence among others. We have data for 15 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 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.

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) 6.88% 3/28/24
30 Year Conventional Purchase 6.18% 3/28/24
30 Year Conventional Refi 6.12% 3/28/24
30 Year Cash-out Refi 6.18% 3/28/24
15 Year Conventional Purchase 5.56% 3/28/24
15 Year Conventional Refi 5.77% 3/28/24
15 Year Cash-out Refi 5.77% 3/28/24
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.

Corefirst Bank & Trust Mortgage Calculator






Your Estimates

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

This is not an official calculator from Corefirst 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

430

Origination Dollar Volume (All Markets)

$84,260,000

Awards

CoreFirst Bank & Trust 30 Year Conventional Loans gold CoreFirst Bank & Trust 30 Year Conventional Loans gold CoreFirst Bank & Trust 30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

Corefirst Bank & Trust's average 30 year fixed mortgage rate was 6.56%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.08%.

Relative Fees (Closing Costs)

Corefirst Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $2,160.

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
TOPEKA, KS (FHA|USDA|VA) 316 $34,890,000 $110,411 $1,119 8.04%
KANSAS CITY, MO-KS (FHA|USDA|VA) 82 $26,140,000 $318,780 $1,413 8.21%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $9,915,000 $9,915,000 $0 6.90%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $6,070,000 $607,000 $2,252 7.93%
LAWRENCE, KS (FHA|USDA|VA) 9 $2,355,000 $261,667 $2,050 7.15%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,795,000 $598,333 $2,317 6.71%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $5,796 6.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $495,000 $495,000 $4,833 6.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $415,000 $415,000 $2,083 7.25%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $305,000 $305,000 $2,175 6.50%
MANHATTAN, KS (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.25%
Warrensburg, MO (FHA|USDA|VA) 1 $195,000 $195,000 $0 10.00%
Ottawa, KS (FHA|USDA|VA) 1 $175,000 $175,000 $0 9.75%
Parsons, KS (FHA|USDA|VA) 1 $75,000 $75,000 $2,016 6.38%
Miami, OK (FHA|USDA|VA) 1 $25,000 $25,000 $2,382 6.38%
Corefirst Bank & Trust's top markets include Topeka, Kansas City, Oklahoma City, Denver, and Lawrence among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    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.

    CoreFirst Bank & Trust
    Similarity Rank: 90
    Bank of the Flint Hills
    Similarity Rank: 120
    Azura Credit Union
    Similarity Rank: 140
    Envista Credit Union
    Similarity Rank: 198
    MAINSTREET FEDERAL CREDIT UNION
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    HNB National Bank
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    Similarity Rank: 649
    FRONTIER COMMUNITY CREDIT UNION
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    Landmark National Bank
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    Central National Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 247 $63,835,000 $258,441 $1,288 7.00%
    HELOC 183 $20,425,000 $111,612 n/a 9.41%

    For 2023, Corefirst Bank & Trust's most frequently originated type of loan was Conventional, with 247 originations. Their 2nd most popular type was HELOC, with 183 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 167 $37,545,000 $224,820 $2,114 7.36%
    Home Improvement 91 $6,555,000 $72,033 $237 8.85%
    Other 88 $5,450,000 $61,932 $0 7.98%
    Cash Out Refi 73 $11,905,000 $163,082 $1,957 8.75%
    Refi 11 $22,805,000 $2,073,182 $2,542 6.75%

    For 2023, Corefirst Bank & Trust's most frequently cited loan purpose was Home Purchase, with 167 originations. The 2nd most popular reason was Home Improvement, with 91 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 219 $23,985,000 $109,521 $0 9.03%
    30 Year 74 $18,340,000 $247,838 $2,160 6.56%
    5 Year 57 $30,195,000 $529,737 $0 7.05%
    10 Year 32 $2,820,000 $88,125 $0 7.11%
    1 Year 20 $3,680,000 $184,000 $0 9.48%
    3 Year 12 $1,160,000 $96,667 $0 5.95%
    15 Year 9 $2,415,000 $268,333 $2,394 6.00%
    20 Year 7 $1,665,000 $237,857 $2,064 6.07%

    For 2023, Corefirst Bank & Trust's most frequently cited loan duration was Other, with 219 originations. The 2nd most popular length was 30 Year, with 74 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 152 $25,140,000 $165,395

    Corefirst Bank & Trust's average total fees were $2,160, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 152 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 207 $24,835,000 $119,976
    6-7% 135 $45,425,000 $336,481
    7-8% 60 $9,630,000 $160,500
    5-6% 23 $4,165,000 $181,087
    4-5% 4 $120,000 $30,000

    During 2023, Corefirst Bank & Trust's average interest rate for loans was 6.56%, while their most frequently originated rate bucket for loans was Over 8%, with 207 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 211 $9,705,000 $45,995 $371 8.37%
    $100k-200k 121 $17,085,000 $141,198 $1,689 7.95%
    $200k-400k 68 $18,160,000 $267,059 $2,146 7.37%
    $400k-600k 12 $5,630,000 $469,167 $2,727 7.13%
    $600k-1MM 10 $7,950,000 $795,000 $2,071 8.15%
    $1MM+ 8 $25,730,000 $3,216,250 $3,636 6.76%

    2023 saw Corefirst Bank & Trust place emphasis on $100,000 or less loans with 211 originations, totaling $9,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 71 $8,225,000 $115,845 $1,361 8.33%
    $50k-75k 67 $5,525,000 $82,463 $1,238 8.12%
    $75k-100k 58 $5,280,000 $91,034 $1,107 7.93%
    $50k or less 56 $3,170,000 $56,607 $1,028 7.97%
    $150k-250k 47 $6,885,000 $146,489 $1,096 7.76%
    $250k+ 30 $14,350,000 $478,333 $2,509 8.13%

    Corefirst Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 71 originations. The second most popular income band? $50k-75k, with 67 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 93 $15,145,000 $162,849 $1,343 7.87%
    30-36% 76 $8,850,000 $116,447 $1,321 8.12%
    <20% 54 $5,890,000 $109,074 $1,408 8.19%
    42% 20 $1,930,000 $96,500 $373 8.71%
    37% 18 $3,790,000 $210,556 $1,317 8.06%
    40% 16 $1,900,000 $118,750 $1,170 8.40%
    41% 15 $1,785,000 $119,000 $767 8.13%
    39% 13 $1,335,000 $102,692 $1,578 7.56%
    36% 12 $1,290,000 $107,500 $752 8.11%
    38% 6 $880,000 $146,667 $2,134 6.81%
    43% 3 $845,000 $281,667 $0 9.92%
    >60% 1 $105,000 $105,000 $0 8.75%

    Corefirst Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 93 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 88 $38,280,000 $435,000 $0 7.90%
    White 297 $37,795,000 $127,256 $1,218 8.09%
    Not provided 24 $6,580,000 $274,167 $2,184 7.10%
    Black 9 $495,000 $55,000 $649 9.03%
    American Indian 7 $375,000 $53,571 $928 8.88%
    Asian Indian 1 $335,000 $335,000 $1,940 6.00%
    Asian 2 $220,000 $110,000 $0 7.88%
    Native Hawaiian or Islander 2 $180,000 $90,000 $0 7.99%

    Approval Rates

    Total approvals of all applications
    93.75%

    Corefirst Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.74%

    Corefirst Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 430 $84,260,000 $195,953

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    430 $84,260,000 $195,953

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 84 $6,910,000 $82,262 $378 8.58%
    40-60% 55 $18,225,000 $331,364 $1,138 8.20%
    60-80% 119 $34,185,000 $287,269 $1,879 7.81%
    80-100% 85 $20,775,000 $244,412 $2,145 7.40%
    Under 20% 87 $4,165,000 $47,874 $121 8.27%