First Business Bank Mortgage Rates, Fees & Info
MADISON, WILEI: 549300F247N2IU8SC024
Tax ID: 39-0394950
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Mortgage Data
Review & Overview
First Business Bank is a smaller bank specializing in Home Purchase loans. First Business Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Madison, Des Moines, Platteville, and Mason City among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)First Business Bank 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.
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Originations
37Origination Dollar Volume (All Markets)
$191,285,000Top 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) | 8 | $93,420,000 | $11,677,500 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 11 | $58,855,000 | $5,350,455 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $14,630,000 | $7,315,000 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $7,540,000 | $942,500 | $0 | 0.00% |
| Platteville, WI (FHA|USDA|VA) | 1 | $7,375,000 | $7,375,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $3,455,000 | $3,455,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $1,735,000 | $1,735,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $0 | 0.00% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $191,285,000 | $5,169,865 | $0 | 0.00% |
For 2025, First Business Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
For 2025, First Business Bank's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $191,285,000 | $5,169,865 | $0 | 0.00% |
For 2025, First Business Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2025 saw First Business Bank place emphasis on $1MM+ loans with 19 originations, totaling $183,465,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 7 | $5,485,000 | $783,571 | $0 | 0.00% |
| $150k-250k | 1 | $505,000 | $505,000 | $0 | 0.00% |
First Business Bank lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $191,285,000 | $5,169,865 | $0 | 0.00% |
First Business Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 29 | $185,295,000 | $6,389,483 | $0 | 0.00% |
| White | 8 | $5,990,000 | $748,750 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.65%
First Business Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.08%
First Business Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $191,285,000 | $5,169,865 |