Bankfirst Mortgage Rates, Fees & Info

Norfolk, NE

LEI: 549300MJGHTLBSL8LJ59

Tax ID: 47-0529225

Latest/2024 | 2023 Data | 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 loans. Bankfirst has a high proportion of conventional loans. Their top markets by origination volume include: Norfolk, Sioux City, Omaha, Columbus, and Lincoln among others. We have data for 11 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

193

Origination Dollar Volume (All Markets)

$40,515,000

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
Norfolk, NE (FHA|USDA|VA) 63 $11,835,000 $187,857 $0 0.00%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 46 $9,240,000 $200,870 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 22 $6,560,000 $298,182 $0 0.00%
Outside of Metro Areas 36 $5,590,000 $155,278 $0 0.00%
Columbus, NE (FHA|USDA|VA) 15 $3,545,000 $236,333 $0 0.00%
LINCOLN, NE (FHA|USDA|VA) 4 $1,040,000 $260,000 $0 0.00%
Spearfish, SD (FHA|USDA|VA) 1 $845,000 $845,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $840,000 $420,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Yankton, SD (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
Storm Lake, IA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Bankfirst's top markets include Norfolk, Sioux City, Omaha, Columbus, and Lincoln among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 193 $40,515,000 $209,922 $0 0.00%

    For 2024, Bankfirst's most frequently originated type of loan was Conventional, with 193 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 151 $31,755,000 $210,298 $0 0.00%
    Refi 27 $6,365,000 $235,741 $0 0.00%
    Cash Out Refi 13 $2,275,000 $175,000 $0 0.00%
    Home Improvement 2 $120,000 $60,000 $0 0.00%

    For 2024, Bankfirst's most frequently cited loan purpose was Home Purchase, with 151 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 193 $40,515,000 $209,922 $0 0.00%

    For 2024, Bankfirst's most frequently cited loan duration was Other, with 193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 69 $18,685,000 $270,797 $0 0.00%
    $100k-200k 68 $10,090,000 $148,382 $0 0.00%
    $100,000 or less 39 $2,525,000 $64,744 $0 0.00%
    $400k-600k 12 $5,640,000 $470,000 $0 0.00%
    $600k-1MM 5 $3,575,000 $715,000 $0 0.00%

    2024 saw Bankfirst place emphasis on $200k-400k loans with 69 originations, totaling $18,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 39 $6,795,000 $174,231 $0 0.00%
    $100k-150k 36 $8,850,000 $245,833 $0 0.00%
    $50k-75k 35 $5,055,000 $144,429 $0 0.00%
    $150k-250k 16 $5,370,000 $335,625 $0 0.00%
    $50k or less 13 $1,355,000 $104,231 $0 0.00%
    $250k+ 7 $1,985,000 $283,571 $0 0.00%

    Bankfirst lent most frequently to those with incomes in the $75k-100k range, with 39 originations. The second most popular income band? $100k-150k, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 144 $29,090,000 $202,014 $0 0.00%
    Not applicable 47 $11,105,000 $236,277 $0 0.00%
    Asian 2 $320,000 $160,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.93%

    Bankfirst has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.26%

    Bankfirst has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 193 $40,515,000 $209,922

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    193 $40,515,000 $209,922