First Bank Of Berne Mortgage Rates, Fees & Info

Berne, IN

LEI: 549300H3YPB6EJ1RV917

Tax ID: 35-0309560

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

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Mortgage Data

Review & Overview

First Bank Of Berne is a smaller bank specializing in Home Purchase loans. First Bank Of Berne has a high proportion of conventional loans. Their top markets by origination volume include: Decatur, Bluffton, Muncie, Van Wert, and Fort Wayne among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Bank Of Berne has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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
30 Year Conventional Purchase 7.30% 3/28/24
30 Year Conventional Refi 7.78% 3/28/24
30 Year Cash-out Refi 6.85% 3/28/24
15 Year Conventional Purchase 6.71% 3/28/24
15 Year Conventional Refi 6.72% 3/28/24
15 Year Cash-out Refi 6.72% 3/28/24
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.

First Bank Of Berne Mortgage Calculator






Your Estimates

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

This is not an official calculator from First Bank Of Berne. 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

182

Origination Dollar Volume (All Markets)

$31,230,000

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
Decatur, IN (FHA|USDA|VA) 56 $11,210,000 $200,179 $0 0.00%
Outside of Metro Areas 54 $7,430,000 $137,593 $0 0.00%
Bluffton, IN (FHA|USDA|VA) 20 $2,940,000 $147,000 $0 0.00%
MUNCIE, IN (FHA|USDA|VA) 7 $2,255,000 $322,143 $0 0.00%
Van Wert, OH (FHA|USDA|VA) 7 $1,365,000 $195,000 $0 0.00%
FORT WAYNE, IN (FHA|USDA|VA) 9 $1,355,000 $150,556 $0 0.00%
Peru, IN (FHA|USDA|VA) 6 $1,010,000 $168,333 $0 0.00%
Celina, OH (FHA|USDA|VA) 3 $935,000 $311,667 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
Huntington, IN (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
Wilmington, OH (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
Marion, IN (FHA|USDA|VA) 3 $235,000 $78,333 $0 0.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
LIMA, OH (FHA|USDA|VA) 5 $205,000 $41,000 $0 0.00%
KOKOMO, IN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Wapakoneta, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Warsaw, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Madison, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Sidney, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
First Bank Of Berne's top markets include Decatur, Bluffton, Muncie, Van Wert, and Fort Wayne among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Bank of Berne based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ProFed Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 182 $31,230,000 $171,593 $0 0.00%

    For 2023, First Bank Of Berne's most frequently originated type of loan was Conventional, with 182 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 131 $24,205,000 $184,771 $0 0.00%
    Refi 28 $4,600,000 $164,286 $0 0.00%
    Home Improvement 9 $1,045,000 $116,111 $0 0.00%
    Other 9 $775,000 $86,111 $0 0.00%
    Cash Out Refi 5 $605,000 $121,000 $0 0.00%

    For 2023, First Bank Of Berne's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 182 $31,230,000 $171,593 $0 0.00%

    For 2023, First Bank Of Berne's most frequently cited loan duration was Other, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 76 $4,680,000 $61,579 $0 0.00%
    $100k-200k 59 $8,455,000 $143,305 $0 0.00%
    $200k-400k 39 $10,405,000 $266,795 $0 0.00%
    $400k-600k 4 $1,930,000 $482,500 $0 0.00%
    $1MM+ 3 $5,075,000 $1,691,667 $0 0.00%
    $600k-1MM 1 $685,000 $685,000 $0 0.00%

    2023 saw First Bank Of Berne place emphasis on $100,000 or less loans with 76 originations, totaling $4,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 50 $4,410,000 $88,200 $0 0.00%
    $50k-75k 49 $7,945,000 $162,143 $0 0.00%
    $75k-100k 23 $3,535,000 $153,696 $0 0.00%
    $100k-150k 20 $4,840,000 $242,000 $0 0.00%
    $150k-250k 9 $2,335,000 $259,444 $0 0.00%
    $250k+ 3 $3,075,000 $1,025,000 $0 0.00%

    First Bank Of Berne lent most frequently to those with incomes in the $50k or less range, with 50 originations. The second most popular income band? $50k-75k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 182 $31,230,000 $171,593 $0 0.00%

    First Bank Of Berne lent most frequently to those with DTI ratios of Exempt%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 150 $25,410,000 $169,400 $0 0.00%
    Not applicable 27 $4,955,000 $183,519 $0 0.00%
    Not provided 3 $655,000 $218,333 $0 0.00%
    Black 1 $155,000 $155,000 $0 0.00%
    Asian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.73%

    First Bank Of Berne has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.56%

    First Bank Of Berne has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 182 $31,230,000 $171,593

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    182 $31,230,000 $171,593