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

Manitowoc, WI

LEI: 549300BRLQAIJ1LJA253

Tax ID: 39-0447799

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: 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.

    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% 4/28/24
    30 Year Conventional Purchase 6.77% 4/28/24
    30 Year Conventional Refi 6.84% 4/28/24
    30 Year Cash-out Refi 6.72% 4/28/24
    30 Year VA Purchase 6.74% 4/28/24
    30 Year VA Refi 6.27% 4/28/24
    30 Year USDA Purchase 7.20% 4/28/24
    15 Year Conventional Purchase 5.92% 4/28/24
    15 Year Conventional Refi 6.03% 4/28/24
    15 Year Cash-out Refi 6.03% 4/28/24
    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.

    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

    1,638

    Origination Dollar Volume (All Markets)

    $409,290,000
    Show all (8) awards

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

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

    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.

    PCM
    Similarity Rank: 65
    UNISON CREDIT UNION
    Similarity Rank: 70
    NORTHWESTERN MUTUAL
    Similarity Rank: 70
    UNITEDONE Credit Union
    Similarity Rank: 77
    Empower Credit Union
    Similarity Rank: 81
    PROSPERA Credit Union
    Similarity Rank: 84
    Fox Valley Savings Bank
    Similarity Rank: 160
    Glacier Hills Credit Union
    Similarity Rank: 200
    EDUCATORS CREDIT UNION
    Similarity Rank: 300
    Denmark State Bank
    Similarity Rank: 308

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,062 $346,860,000 $326,610 $2,036 4.74%
    HELOC 557 $57,785,000 $103,743 n/a 4.90%
    VA 13 $3,725,000 $286,538 $6,737 5.25%
    USDA 6 $920,000 $153,333 $4,680 5.71%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 738 $271,300,000 $367,615 $2,644 5.00%
    Refi 343 $76,925,000 $224,271 $1,184 4.38%
    Home Improvement 294 $23,130,000 $78,673 $735 4.94%
    Other 198 $26,270,000 $132,677 $1,088 4.78%
    Cash Out Refi 65 $11,665,000 $179,462 $1,719 4.17%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 728 $222,430,000 $305,536 $2,428 4.97%
    20 Year 621 $66,875,000 $107,689 $1,271 4.86%
    15 Year 134 $22,160,000 $165,373 $1,460 4.08%
    10 Year 59 $11,075,000 $187,712 $901 4.42%
    Other 58 $73,830,000 $1,272,931 $1,066 3.60%
    5 Year 35 $12,455,000 $355,857 $494 5.45%
    3 Year 3 $465,000 $155,000 $0 6.30%

    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
    $<1k 909 $236,685,000 $260,380
    $1k-2k 29 $12,785,000 $440,862
    $2k-3k 9 $2,315,000 $257,222
    $5k+ 7 $2,175,000 $310,714
    $3k-4k 6 $1,660,000 $276,667

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 539 $120,025,000 $222,681
    5-6% 442 $93,220,000 $210,905
    4-5% 280 $125,320,000 $447,571
    6-7% 193 $35,305,000 $182,927
    2.5-3% 78 $20,210,000 $259,103
    7-8% 60 $6,740,000 $112,333
    <2.5% 44 $8,420,000 $191,364
    Over 8% 2 $50,000 $25,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 603 $30,965,000 $51,352 $1,065 4.86%
    $100k-200k 467 $66,835,000 $143,116 $2,034 4.89%
    $200k-400k 380 $107,160,000 $282,000 $2,436 4.74%
    $400k-600k 103 $49,515,000 $480,728 $2,679 4.49%
    $600k-1MM 54 $40,080,000 $742,222 $2,906 4.67%
    $1MM+ 31 $114,735,000 $3,701,129 $3,738 4.36%

    2022 saw Bank First N.a. place emphasis on $100,000 or less loans with 603 originations, totaling $30,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 360 $68,090,000 $189,139 $2,135 4.84%
    $50k-75k 300 $35,790,000 $119,300 $1,798 4.81%
    $75k-100k 267 $42,705,000 $159,944 $2,252 4.84%
    $150k-250k 233 $59,985,000 $257,446 $2,468 4.74%
    $50k or less 229 $21,265,000 $92,860 $1,740 4.92%
    $250k+ 162 $90,180,000 $556,667 $2,651 4.49%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 393 $61,335,000 $156,069 $1,985 4.72%
    <20% 291 $52,745,000 $181,254 $1,991 4.53%
    30-36% 278 $66,850,000 $240,468 $2,223 4.72%
    44% 72 $16,750,000 $232,639 $1,869 4.97%
    41% 57 $10,705,000 $187,807 $2,364 5.10%
    38% 56 $13,890,000 $248,036 $2,337 4.94%
    43% 54 $10,720,000 $198,519 $2,193 5.15%
    40% 48 $10,580,000 $220,417 $2,101 5.08%
    37% 47 $8,385,000 $178,404 $3,148 4.87%
    36% 47 $8,055,000 $171,383 $1,818 4.89%
    42% 44 $10,210,000 $232,045 $1,970 4.81%
    39% 39 $11,095,000 $284,487 $2,267 4.95%
    48% 32 $7,640,000 $238,750 $1,942 4.82%
    47% 29 $6,995,000 $241,207 $1,996 4.63%
    49% 29 $7,335,000 $252,931 $1,852 4.85%
    45% 23 $4,785,000 $208,043 $2,250 5.36%
    46% 21 $5,065,000 $241,190 $2,264 5.18%
    50-60% 19 $7,285,000 $383,421 $1,904 4.70%
    >60% 5 $1,535,000 $307,000 $1,162 5.62%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,478 $289,680,000 $195,995 $2,101 4.78%
    Not applicable 54 $87,330,000 $1,617,222 $0 5.37%
    Not provided 76 $25,670,000 $337,763 $2,396 4.90%
    Asian 19 $3,785,000 $199,211 $2,345 4.62%
    Black 3 $1,075,000 $358,333 $2,064 6.33%
    American Indian 5 $995,000 $199,000 $1,564 4.17%
    Other Asian 1 $435,000 $435,000 $3,013 5.50%
    Asian Indian 2 $320,000 $160,000 $1,545 4.02%

    Approval Rates

    Total approvals of all applications
    93.68%

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

    Pick Rate

    Approvals leading to origination
    87.61%

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

    Points and Fees

    Points Originations Total Value Average Loan
    263.5 12 $550,000 $45,833
    NA 1,626 $408,740,000 $251,378

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,638 $409,290,000 $249,872

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 282 $31,600,000 $112,057 $1,204 4.74%
    40-60% 197 $44,525,000 $226,015 $1,638 4.46%
    60-80% 391 $177,255,000 $453,338 $2,144 4.70%
    80-100% 422 $137,940,000 $326,872 $2,663 5.04%
    Over 100% 3 $745,000 $248,333 $8,752 6.42%
    Under 20% 343 $17,225,000 $50,219 $656 4.85%

    Complaints

    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%