First Bank Of Berne Mortgage Rates, Fees & Info

Berne, IN

LEI: 549300H3YPB6EJ1RV917

Tax ID: 35-0309560

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

    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, Van Wert, Fort Wayne, and Indianapolis among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Bank Of Berne 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. First Bank Of Berne 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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.30% 12/16/24
    30 Year Conventional Refi 7.78% 12/16/24
    30 Year Cash-out Refi 6.85% 12/16/24
    15 Year Conventional Purchase 6.71% 12/16/24
    15 Year Conventional Refi 6.72% 12/16/24
    15 Year Cash-out Refi 6.72% 12/16/24
    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

    297

    Origination Dollar Volume (All Markets)

    $48,585,000
    Show all (6) 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
    Decatur, IN (FHA|USDA|VA) 100 $16,360,000 $163,600 $2,011 4.79%
    Outside of Metro Areas 80 $9,940,000 $124,250 $2,121 5.07%
    Bluffton, IN (FHA|USDA|VA) 32 $8,320,000 $260,000 $1,914 4.81%
    Van Wert, OH (FHA|USDA|VA) 19 $3,355,000 $176,579 $2,177 4.81%
    FORT WAYNE, IN (FHA|USDA|VA) 16 $2,720,000 $170,000 $2,290 4.91%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $2,015,000 $671,667 $0 5.19%
    Celina, OH (FHA|USDA|VA) 6 $1,290,000 $215,000 $1,049 3.75%
    Warsaw, IN (FHA|USDA|VA) 2 $480,000 $240,000 $2,141 5.90%
    Peru, IN (FHA|USDA|VA) 7 $455,000 $65,000 $1,710 4.39%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $405,000 $405,000 $4,768 6.13%
    MUNCIE, IN (FHA|USDA|VA) 4 $350,000 $87,500 $2,446 6.05%
    Richmond, IN (FHA|USDA|VA) 1 $345,000 $345,000 $3,174 6.25%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $345,000 $345,000 $2,567 4.63%
    KOKOMO, IN (FHA|USDA|VA) 3 $275,000 $91,667 $2,180 5.34%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $255,000 $85,000 $2,268 4.50%
    Greenville, OH (FHA|USDA|VA) 4 $240,000 $60,000 $0 6.18%
    Connersville, IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,476 5.13%
    Huntington, IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,289 4.50%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $205,000 $205,000 $1,413 3.50%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $175,000 $58,333 $0 6.16%
    Defiance, OH (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.50%
    LIMA, OH (FHA|USDA|VA) 2 $110,000 $55,000 $0 7.50%
    Marion, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,087 3.88%
    Wabash, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,105 7.00%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,330 6.25%
    Logansport, IN (FHA|USDA|VA) 1 $55,000 $55,000 $2,250 5.13%
    Sidney, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.22%
    Wapakoneta, OH (FHA|USDA|VA) 1 $35,000 $35,000 $2,082 5.25%
    First Bank Of Berne's top markets include Decatur, Bluffton, Van Wert, Fort Wayne, and Indianapolis among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Tennessee (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
    Similarity Rank: 114
    First Bank of Berne
    Similarity Rank: 280
    The Park National Bank
    Similarity Rank: 327
    Superior Credit Union, Inc.
    Similarity Rank: 413
    First Financial Bank
    Similarity Rank: 847
    TEACHERS CREDIT UNION
    Similarity Rank: 912
    The Farmers & Merchants State Bank
    Similarity Rank: 935
    First Federal Bank of the Midwest
    Similarity Rank: 1064
    Three Rivers Federal Credit Union
    Similarity Rank: 1159
    AMERICAN MORTGAGE SERVICE COMPANY
    Similarity Rank: 2376

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 297 $48,585,000 $163,586 $2,054 4.96%

    For 2022, First Bank Of Berne's most frequently originated type of loan was Conventional, with 297 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 203 $34,325,000 $169,089 $1,986 5.17%
    Refi 52 $9,580,000 $184,231 $1,918 4.35%
    Cash Out Refi 23 $2,945,000 $128,043 $2,743 4.59%
    Home Improvement 11 $935,000 $85,000 $2,059 5.25%
    Other 8 $800,000 $100,000 $2,169 4.11%

    For 2022, First Bank Of Berne's most frequently cited loan purpose was Home Purchase, with 203 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 168 $30,590,000 $182,083 $2,059 4.88%
    15 Year 75 $9,435,000 $125,800 $2,042 5.00%
    20 Year 39 $7,155,000 $183,462 $2,153 5.40%
    10 Year 8 $630,000 $78,750 $1,940 4.12%
    Other 4 $710,000 $177,500 $2,099 5.06%
    5 Year 3 $65,000 $21,667 $1,078 4.79%

    For 2022, First Bank Of Berne's most frequently cited loan duration was 30 Year, with 168 originations. The 2nd most popular length was 15 Year, with 75 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 168 $28,790,000 $171,369
    $1k-2k 62 $9,160,000 $147,742
    $2k-3k 9 $1,375,000 $152,778
    $3k-4k 1 $115,000 $115,000

    First Bank Of Berne's average total fees were $2,059, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 168 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 85 $12,255,000 $144,176
    3-4% 76 $13,370,000 $175,921
    4-5% 59 $11,255,000 $190,763
    6-7% 46 $7,040,000 $153,043
    7-8% 17 $1,845,000 $108,529
    2.5-3% 13 $1,715,000 $131,923
    <2.5% 1 $1,105,000 $1,105,000

    During 2022, First Bank Of Berne's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 5-6%, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 116 $7,160,000 $61,724 $2,082 5.20%
    $100k-200k 90 $12,750,000 $141,667 $2,105 4.87%
    $200k-400k 77 $20,315,000 $263,831 $1,960 4.68%
    $400k-600k 10 $4,480,000 $448,000 $1,998 5.48%
    $1MM+ 2 $2,670,000 $1,335,000 $3,073 3.50%
    $600k-1MM 2 $1,210,000 $605,000 $1,691 4.44%

    2022 saw First Bank Of Berne place emphasis on $100,000 or less loans with 116 originations, totaling $7,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 85 $9,075,000 $106,765 $2,136 5.00%
    $50k-75k 72 $11,010,000 $152,917 $2,157 4.68%
    $100k-150k 32 $7,490,000 $234,063 $1,871 4.55%
    $75k-100k 32 $5,540,000 $173,125 $1,799 4.60%
    $150k-250k 16 $4,830,000 $301,875 $2,379 4.88%
    $250k+ 7 $2,375,000 $339,286 $2,282 5.09%

    First Bank Of Berne lent most frequently to those with incomes in the $50k or less range, with 85 originations. The second most popular income band? $50k-75k, with 72 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 67 $10,545,000 $157,388 $2,030 4.49%
    30-36% 53 $8,915,000 $168,208 $2,024 4.66%
    <20% 35 $3,865,000 $110,429 $2,041 4.80%
    37% 11 $1,855,000 $168,636 $2,188 4.95%
    38% 11 $2,035,000 $185,000 $2,086 5.35%
    39% 9 $1,495,000 $166,111 $2,153 5.36%
    36% 9 $1,495,000 $166,111 $2,101 4.58%
    50-60% 8 $1,470,000 $183,750 $2,059 5.42%
    >60% 5 $1,385,000 $277,000 $1,695 5.48%
    40% 5 $1,025,000 $205,000 $1,844 5.80%
    42% 5 $1,125,000 $225,000 $2,535 4.58%
    43% 5 $605,000 $121,000 $1,871 5.38%
    48% 4 $440,000 $110,000 $2,395 4.69%
    49% 4 $1,740,000 $435,000 $3,057 3.47%
    44% 3 $605,000 $201,667 $1,763 5.92%
    46% 3 $285,000 $95,000 $2,553 3.79%
    47% 1 $245,000 $245,000 $601 3.88%
    45% 1 $245,000 $245,000 $1,148 3.50%
    41% 1 $65,000 $65,000 $1,922 3.50%

    First Bank Of Berne lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? 30-36%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 238 $38,830,000 $163,151 $2,086 4.78%
    Not applicable 44 $7,160,000 $162,727 $0 5.90%
    Not provided 14 $2,330,000 $166,429 $1,536 4.85%
    Asian 1 $265,000 $265,000 $0 6.43%

    Approval Rates

    Total approvals of all applications
    92.46%

    First Bank Of Berne has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.89%

    First Bank Of Berne has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 297 $48,585,000 $163,586

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    297 $48,585,000 $163,586

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $3,240,000 $101,250 $1,931 4.57%
    40-60% 40 $6,190,000 $154,750 $2,159 4.75%
    60-80% 118 $19,840,000 $168,136 $2,095 4.92%
    80-100% 97 $18,365,000 $189,330 $2,012 5.12%
    Under 20% 10 $950,000 $95,000 $1,915 5.90%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%