Bank First N.a. Mortgage Rates, Fees & InfoManitowoc, WI
Tax ID: 39-0447799
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewBank 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: Milwaukee, Green Bay, Sheboygan, Manitowoc, and Appleton 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 a below 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 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||9/25/23|
|30 Year Conventional Purchase||6.77%||9/25/23|
|30 Year Conventional Refi||6.84%||9/25/23|
|30 Year Cash-out Refi||6.72%||9/25/23|
|30 Year VA Purchase||6.74%||9/25/23|
|30 Year VA Refi||6.27%||9/25/23|
|30 Year USDA Purchase||7.20%||9/25/23|
|15 Year Conventional Purchase||5.92%||9/25/23|
|15 Year Conventional Refi||6.03%||9/25/23|
|15 Year Cash-out Refi||6.03%||9/25/23|
|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.|
Bank First N.a. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$409,290,000
Bank First N.A. - 2022
Bank First N.A. is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Bank First N.a.'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 0.21%.
Relative Fees (Closing Costs)
Bank First N.a.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $2,428.
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|
|MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA)||138||$107,060,000||$775,797||$2,176||4.70%|
|Outside of Metro Areas||363||$70,035,000||$192,934||$2,173||4.91%|
|GREEN BAY, WI (FHA|USDA|VA)||197||$48,855,000||$247,995||$2,112||5.04%|
|SHEBOYGAN, WI (FHA|USDA|VA)||304||$47,710,000||$156,941||$1,861||4.77%|
|Manitowoc, WI (FHA|USDA|VA)||293||$44,275,000||$151,109||$1,719||4.63%|
|APPLETON, WI (FHA|USDA|VA)||74||$16,860,000||$227,838||$2,111||4.79%|
|Stevens Point, WI (FHA|USDA|VA)||58||$13,000,000||$224,138||$2,872||4.86%|
|OSHKOSH-NEENAH, WI (FHA|USDA|VA)||47||$12,185,000||$259,255||$1,916||4.56%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||4||$6,290,000||$1,572,500||$6,084||3.67%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||4||$4,770,000||$1,192,500||$6,518||4.02%|
|Shawano, WI (FHA|USDA|VA)||21||$3,965,000||$188,810||$1,896||4.83%|
|Beaver Dam, WI (FHA|USDA|VA)||27||$3,705,000||$137,222||$2,184||4.78%|
|Watertown-Fort Atkinson, WI (FHA|USDA|VA)||17||$3,555,000||$209,118||$2,106||4.93%|
|Kalispell, MT (FHA|USDA|VA)||1||$3,005,000||$3,005,000||$2,484||5.25%|
|MADISON, WI (FHA|USDA|VA)||9||$2,915,000||$323,889||$1,818||4.86%|
|WAUSAU-WESTON, WI (FHA|USDA|VA)||11||$2,445,000||$222,273||$2,753||5.41%|
|Marinette, WI-MI (FHA|USDA|VA)||10||$2,070,000||$207,000||$1,906||4.65%|
|DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)||2||$1,660,000||$830,000||$3,299||3.94%|
|Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA)||11||$1,585,000||$144,091||$3,928||4.92%|
|Heber, UT (FHA|USDA|VA)||1||$1,575,000||$1,575,000||$5,502||5.99%|
|LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA)||7||$1,485,000||$212,143||$1,884||4.44%|
|INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)||2||$1,150,000||$575,000||$3,383||4.18%|
|OCALA, FL (FHA|USDA|VA)||2||$1,030,000||$515,000||$3,255||5.19%|
|Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)||1||$805,000||$805,000||$957||3.50%|
|Iron Mountain, MI-WI (FHA|USDA|VA)||1||$645,000||$645,000||$3,491||2.50%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||3||$645,000||$215,000||$3,257||3.46%|
|FOND DU LAC, WI (FHA|USDA|VA)||7||$615,000||$87,857||$2,137||5.57%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||1||$605,000||$605,000||$2,379||4.25%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||1||$555,000||$555,000||$0||5.38%|
|RACINE, WI (FHA|USDA|VA)||3||$485,000||$161,667||$0||4.75%|
|MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)||2||$480,000||$240,000||$2,952||5.63%|
|FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA)||1||$445,000||$445,000||$3,701||4.38%|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||1||$405,000||$405,000||$3,914||4.90%|
|EAU CLAIRE, WI (FHA|USDA|VA)||1||$305,000||$305,000||$9,915||5.50%|
|ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)||1||$285,000||$285,000||$0||5.75%|
|Whitewater, WI (FHA|USDA|VA)||2||$280,000||$140,000||$2,737||4.63%|
|Baraboo, WI (FHA|USDA|VA)||2||$260,000||$130,000||$2,656||4.85%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||1||$255,000||$255,000||$4,678||2.99%|
|SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA)||1||$235,000||$235,000||$2,763||5.38%|
|Menomonie, WI (FHA|USDA|VA)||1||$225,000||$225,000||$2,583||6.50%|
|ROCKFORD, IL (FHA|USDA|VA)||1||$185,000||$185,000||$0||4.00%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||1||$155,000||$155,000||$0||4.00%|
|Paducah, KY-IL (FHA|USDA|VA)||1||$95,000||$95,000||$3,395||2.63%|
|Platteville, WI (FHA|USDA|VA)||1||$85,000||$85,000||$0||5.90%|
|BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA)||1||$55,000||$55,000||$2,140||3.53%|
We use machine learning to identify the top lenders compared against Bank First N.A. 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, Bank First N.a.'s most frequently originated type of loan was Conventional, with 1,062 originations. Their 2nd most popular type was HELOC, with 557 originations.
For 2022, Bank First N.a.'s most frequently cited loan purpose was Home Purchase, with 738 originations. The 2nd most popular reason was Refi, with 343 originations.
For 2022, Bank First N.a.'s most frequently cited loan duration was 30 Year, with 728 originations. The 2nd most popular length was 20 Year, with 621 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Bank First N.a.'s average total fees were $2,428, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 909 originations.
During 2022, Bank First N.a.'s average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 3-4%, with 539 originations.
2022 saw Bank First N.a. place emphasis on $100,000 or less loans with 603 originations, totaling $30,965,000 in origination value.
Bank First N.a. lent most frequently to those with incomes in the $100k-150k range, with 360 originations. The second most popular income band? $50k-75k, with 300 originations.
Applicant Debt to Income Ratio
Bank First N.a. lent most frequently to those with DTI ratios of 20-30%, with 393 originations. The next most common DTI ratio? <20%, with 291 originations.
Approval RatesTotal approvals of all applications
Bank First N.a. has an average approval rate.
Pick RateApprovals leading to origination
Bank First N.a. has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|BANK OF AMERICA, NATIONAL ASSOCIATION||Home equity loan or line of credit (HELOC)||Trouble during payment process||1||6.7%|
|BANK OF AMERICA, NATIONAL ASSOCIATION||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||3||20.0%|
|BANK OF AMERICA, NATIONAL ASSOCIATION||Conventional home mortgage||Closing on a mortgage||1||6.7%|
|BANK OF AMERICA, NATIONAL ASSOCIATION||Conventional home mortgage||Struggling to pay mortgage||1||6.7%|
|BANK OF AMERICA, NATIONAL ASSOCIATION||Conventional home mortgage||Trouble during payment process||7||46.7%|
|BANK OF AMERICA, NATIONAL ASSOCIATION||FHA mortgage||Struggling to pay mortgage||1||6.7%|
|BANK OF AMERICA, NATIONAL ASSOCIATION||Home equity loan or line of credit (HELOC)||Struggling to pay mortgage||1||6.7%|