Bank First N.a. Mortgage Rates, Fees & Info
Manitowoc, WILEI: 549300BRLQAIJ1LJA253
Tax ID: 39-0447799
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Mortgage Data
Review & Overview
Bank First N.a. is a smaller bank specializing in Home Purchase loans. Bank First N.a. has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Sheboygan, Green Bay, Milwaukee, Manitowoc, and Fond Du Lac among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank First N.a. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Bank First N.a. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.77% | 11/17/24 |
| 30 Year Conventional Refi | 6.84% | 11/17/24 |
| 30 Year Cash-out Refi | 6.72% | 11/17/24 |
| 30 Year VA Purchase | 6.74% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 7.20% | 11/17/24 |
| 15 Year Conventional Purchase | 5.92% | 11/17/24 |
| 15 Year Conventional Refi | 6.03% | 11/17/24 |
| 15 Year Cash-out Refi | 6.03% | 11/17/24 |
| 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. | ||
Bank First N.a. Mortgage Calculator
Your Estimates
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This is not an official calculator from Bank First N.a.. 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
1,636Origination Dollar Volume (All Markets)
$353,890,000Awards
Bank First N.A. - 2023
Bank First N.A. is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Bank First N.a.'s average 30 year fixed mortgage rate was
6.68%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.2%.
Relative Fees (Closing Costs)
Bank First N.a.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $2,425.
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 |
|---|---|---|---|---|---|
| SHEBOYGAN, WI (FHA|USDA|VA) | 238 | $67,740,000 | $284,622 | $2,112 | 7.19% |
| Outside of Metro Areas | 385 | $60,775,000 | $157,857 | $1,933 | 7.39% |
| GREEN BAY, WI (FHA|USDA|VA) | 204 | $58,520,000 | $286,863 | $2,283 | 7.39% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 84 | $43,740,000 | $520,714 | $2,532 | 7.42% |
| Manitowoc, WI (FHA|USDA|VA) | 215 | $25,855,000 | $120,256 | $1,819 | 7.27% |
| FOND DU LAC, WI (FHA|USDA|VA) | 155 | $22,015,000 | $142,032 | $2,087 | 7.45% |
| MADISON, WI (FHA|USDA|VA) | 62 | $13,520,000 | $218,065 | $2,379 | 7.30% |
| APPLETON, WI (FHA|USDA|VA) | 57 | $11,375,000 | $199,561 | $2,290 | 7.42% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 46 | $10,240,000 | $222,609 | $2,480 | 7.33% |
| Stevens Point, WI (FHA|USDA|VA) | 29 | $5,185,000 | $178,793 | $2,592 | 7.32% |
| Shawano, WI (FHA|USDA|VA) | 22 | $5,090,000 | $231,364 | $2,138 | 7.18% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 22 | $4,230,000 | $192,273 | $2,237 | 7.45% |
| Beaver Dam, WI (FHA|USDA|VA) | 27 | $2,705,000 | $100,185 | $2,459 | 7.64% |
| Marinette, WI-MI (FHA|USDA|VA) | 15 | $2,095,000 | $139,667 | $2,448 | 7.27% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 11 | $2,025,000 | $184,091 | $2,987 | 7.10% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,950,000 | $487,500 | $7,361 | 6.71% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 11 | $1,695,000 | $154,091 | $2,376 | 7.41% |
| RACINE, WI (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $2,264 | 7.41% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,425,000 | $1,425,000 | $3,574 | 6.50% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 2 | $1,230,000 | $615,000 | $1,318 | 6.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $8,607 | 6.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $4,765 | 6.88% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $2,822 | 7.20% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $2,363 | 6.83% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $8,957 | 7.38% |
| Edwards, CO (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,093 | 6.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,433 | 6.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,645 | 7.71% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $2,665 | 6.96% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,644 | 5.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,235 | 7.81% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,803 | 6.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,631 | 6.25% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,357 | 8.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,285 | 7.13% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,019 | 6.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,141 | 6.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,608 | 6.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,028 | 5.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.25% |
| Baraboo, WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,633 | 7.19% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,199 | 7.50% |
| Grand Rapids, MN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,538 | 5.38% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,642 | 6.88% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,882 | 6.50% |
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Product Mix
For 2023, Bank First N.a.'s most frequently originated type of loan was Conventional, with 944 originations. Their 2nd most popular type was HELOC, with 683 originations.
Loan Reason
For 2023, Bank First N.a.'s most frequently cited loan purpose was Home Purchase, with 744 originations. The 2nd most popular reason was Home Improvement, with 389 originations.
Loan Duration/Length
For 2023, Bank First N.a.'s most frequently cited loan duration was 20 Year, with 729 originations. The 2nd most popular length was 30 Year, with 700 originations.
Origination Fees/Closing Costs
Bank First N.a.'s average total fees were $2,425, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 826 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 608 | $93,460,000 | $153,717 |
| 6-7% | 425 | $163,325,000 | $384,294 |
| Over 8% | 408 | $44,220,000 | $108,382 |
| 5-6% | 193 | $52,315,000 | $271,062 |
| 4-5% | 2 | $570,000 | $285,000 |
During 2023, Bank First N.a.'s average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 7-8%, with 608 originations.
Loan Sizing
2023 saw Bank First N.a. place emphasis on $100,000 or less loans with 681 originations, totaling $34,515,000 in origination value.
Applicant Income
Bank First N.a. lent most frequently to those with incomes in the $100k-150k range, with 381 originations. The second most popular income band? $50k-75k, with 279 originations.
Applicant Debt to Income Ratio
Bank First N.a. lent most frequently to those with DTI ratios of 20-30%, with 340 originations. The next most common DTI ratio? 30-36%, with 310 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.09%
Bank First N.a. has an average approval rate.
Pick Rate
Approvals leading to origination91.08%
Bank First N.a. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 263.5 | 28 | $1,590,000 | $56,786 |
| NA | 1,608 | $352,300,000 | $219,092 |