Bank First N.a. Mortgage Rates, Fees & Info

Manitowoc, WI

LEI: 549300BRLQAIJ1LJA253

Tax ID: 39-0447799

5 stars - Updated: 12/2/24 - out of 5 stars, based on 40 reviews

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

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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.

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) 6.27% 12/2/24
30 Year Conventional Purchase 6.77% 12/2/24
30 Year Conventional Refi 6.84% 12/2/24
30 Year Cash-out Refi 6.72% 12/2/24
30 Year VA Purchase 6.74% 12/2/24
30 Year VA Refi 6.27% 12/2/24
30 Year USDA Purchase 7.20% 12/2/24
15 Year Conventional Purchase 5.92% 12/2/24
15 Year Conventional Refi 6.03% 12/2/24
15 Year Cash-out Refi 6.03% 12/2/24
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

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

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

1,636

Origination Dollar Volume (All Markets)

$353,890,000
Show all (10) awards

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%
Bank First N.a.'s top markets include Sheboygan, Green Bay, Milwaukee, Manitowoc, and Fond Du Lac among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 944 $281,250,000 $297,934 $2,159 6.79%
    HELOC 683 $69,675,000 $102,013 n/a 8.08%
    VA 5 $2,125,000 $425,000 $4,553 6.98%
    USDA 4 $840,000 $210,000 $5,597 6.76%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 744 $251,530,000 $338,078 $2,628 6.88%
    Home Improvement 389 $29,115,000 $74,846 $986 7.90%
    Refi 267 $46,435,000 $173,914 $1,069 7.57%
    Other 198 $21,570,000 $108,939 $1,006 7.77%
    Cash Out Refi 38 $5,240,000 $137,895 $1,657 6.39%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 729 $74,275,000 $101,886 $1,090 8.04%
    30 Year 700 $183,560,000 $262,229 $2,425 6.68%
    15 Year 84 $12,980,000 $154,524 $1,558 6.74%
    5 Year 54 $40,810,000 $755,741 $635 7.10%
    10 Year 32 $14,680,000 $458,750 $868 6.93%
    Other 22 $24,440,000 $1,110,909 $488 7.40%
    3 Year 9 $2,085,000 $231,667 $0 8.15%
    1 Year 6 $1,060,000 $176,667 $0 8.58%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 826 $190,190,000 $230,254
    $1k-2k 21 $8,135,000 $387,381
    $3k-4k 5 $1,795,000 $359,000
    $2k-3k 2 $460,000 $230,000
    $4k-5k 1 $315,000 $315,000
    $5k+ 1 $165,000 $165,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 681 $34,515,000 $50,683 $1,117 7.73%
    $100k-200k 468 $66,220,000 $141,496 $2,188 7.09%
    $200k-400k 323 $88,875,000 $275,155 $2,449 7.09%
    $400k-600k 112 $52,920,000 $472,500 $2,880 6.89%
    $600k-1MM 34 $24,650,000 $725,000 $3,507 6.95%
    $1MM+ 18 $86,710,000 $4,817,222 $4,900 6.29%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 381 $57,925,000 $152,034 $2,140 7.42%
    $50k-75k 279 $30,725,000 $110,125 $1,897 7.23%
    $150k-250k 255 $54,565,000 $213,980 $2,422 7.45%
    $75k-100k 246 $31,920,000 $129,756 $2,012 7.40%
    $50k or less 217 $15,945,000 $73,479 $1,777 7.24%
    $250k+ 182 $80,470,000 $442,143 $2,994 7.21%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 340 $60,530,000 $178,029 $2,288 7.33%
    30-36% 310 $48,400,000 $156,129 $2,080 7.32%
    <20% 146 $28,680,000 $196,438 $2,332 7.29%
    43% 82 $13,910,000 $169,634 $2,155 7.38%
    44% 75 $13,185,000 $175,800 $2,154 7.33%
    40% 67 $12,535,000 $187,090 $2,317 7.29%
    37% 60 $10,740,000 $179,000 $2,309 7.23%
    41% 60 $9,530,000 $158,833 $1,816 7.34%
    42% 59 $9,685,000 $164,153 $2,140 7.22%
    38% 55 $10,295,000 $187,182 $2,177 7.00%
    39% 55 $7,235,000 $131,545 $2,214 7.28%
    36% 53 $8,715,000 $164,434 $2,014 7.19%
    49% 47 $9,715,000 $206,702 $2,279 7.51%
    45% 36 $6,980,000 $193,889 $2,468 7.29%
    50-60% 36 $8,770,000 $243,611 $2,600 7.89%
    48% 36 $5,070,000 $140,833 $2,116 7.53%
    47% 31 $5,145,000 $165,968 $2,304 7.42%
    46% 31 $4,345,000 $140,161 $1,977 7.42%
    >60% 19 $4,795,000 $252,368 $1,502 7.73%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,481 $259,845,000 $175,452 $2,164 7.33%
    Not applicable 35 $74,085,000 $2,116,714 $0 7.35%
    Not provided 86 $12,870,000 $149,651 $2,355 7.56%
    Asian 17 $4,585,000 $269,706 $2,888 6.80%
    American Indian 9 $1,445,000 $160,556 $2,017 6.99%
    Black 7 $855,000 $122,143 $2,724 7.11%
    Asian Indian 1 $205,000 $205,000 $2,203 6.50%

    Approval Rates

    Total approvals of all applications
    94.09%

    Bank First N.a. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.08%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,636 $353,890,000 $216,314

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 350 $42,280,000 $120,800 $1,493 7.67%
    40-60% 187 $43,835,000 $234,412 $1,892 7.15%
    60-80% 326 $142,590,000 $437,393 $2,360 6.85%
    80-100% 355 $104,415,000 $294,127 $2,731 6.87%
    Over 100% 1 $175,000 $175,000 $6,313 6.75%
    Under 20% 417 $20,595,000 $49,388 $753 7.89%