Bankfirst Mortgage Rates, Fees & Info
Norfolk, NELEI: 549300MJGHTLBSL8LJ59
Tax ID: 47-0529225
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bankfirst is a smaller bank specializing in Home Purchase and Refi loans. Bankfirst has a high proportion of conventional loans. Their top markets by origination volume include: Norfolk, Sioux City, Omaha, Columbus, and Springfield among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Bankfirst 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.
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Originations
216Origination Dollar Volume (All Markets)
$39,120,000Top 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 |
|---|---|---|---|---|---|
| Norfolk, NE (FHA|USDA|VA) | 92 | $16,680,000 | $181,304 | $0 | 0.00% |
| Outside of Metro Areas | 42 | $6,950,000 | $165,476 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 46 | $6,600,000 | $143,478 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 15 | $3,505,000 | $233,667 | $0 | 0.00% |
| Columbus, NE (FHA|USDA|VA) | 11 | $2,205,000 | $200,455 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| Fremont, NE (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| Kearney, NE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| Hastings, NE (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 216 | $39,120,000 | $181,111 | $0 | 0.00% |
For 2023, Bankfirst's most frequently originated type of loan was Conventional, with 216 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 160 | $29,690,000 | $185,563 | $0 | 0.00% |
| Refi | 52 | $8,800,000 | $169,231 | $0 | 0.00% |
| Home Improvement | 4 | $630,000 | $157,500 | $0 | 0.00% |
For 2023, Bankfirst's most frequently cited loan purpose was Home Purchase, with 160 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 |
|---|---|---|---|---|---|
| Other | 216 | $39,120,000 | $181,111 | $0 | 0.00% |
For 2023, Bankfirst's most frequently cited loan duration was Other, with 216 originations.
Loan Sizing
2023 saw Bankfirst place emphasis on $100k-200k loans with 97 originations, totaling $13,845,000 in origination value.
Applicant Income
Bankfirst lent most frequently to those with incomes in the $50k-75k range, with 45 originations. The second most popular income band? $100k-150k, with 32 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 170 | $29,590,000 | $174,059 | $0 | 0.00% |
| Not applicable | 46 | $9,530,000 | $207,174 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.87%
Bankfirst has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.52%
Bankfirst has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 216 | $39,120,000 | $181,111 |