Corefirst Bank & Trust Mortgage Rates, Fees & Info
Topeka, KSLEI: 5493009SXBJ8LKIU7Q54
Tax ID: 48-0649730
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Mortgage Data
Review & Overview
Corefirst 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.88% | 4/22/24 |
| 30 Year Conventional Purchase | 6.18% | 4/22/24 |
| 30 Year Conventional Refi | 6.12% | 4/22/24 |
| 30 Year Cash-out Refi | 6.18% | 4/22/24 |
| 15 Year Conventional Purchase | 5.56% | 4/22/24 |
| 15 Year Conventional Refi | 5.77% | 4/22/24 |
| 15 Year Cash-out Refi | 5.77% | 4/22/24 |
| 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
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This is not an official calculator from Corefirst Bank & Trust. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
444Origination Dollar Volume (All Markets)
$88,870,000Awards
CoreFirst Bank & Trust - 2022
CoreFirst Bank & Trust is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| 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% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 262 | $75,930,000 | $289,809 | $1,693 | 4.80% |
| HELOC | 182 | $12,940,000 | $71,099 | n/a | 5.57% |
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.
Loan Reason
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.
Loan Duration/Length
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 |
|---|---|---|---|
| $<1k | 153 | $23,735,000 | $155,131 |
| $4k-5k | 1 | $505,000 | $505,000 |
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.
Interest Rates
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.
Loan Sizing
2022 saw Corefirst Bank & Trust place emphasis on $100,000 or less loans with 242 originations, totaling $11,510,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.96%
Corefirst Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination82.43%
Corefirst Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 444 | $88,870,000 | $200,158 |