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, Fremont, and Chattanooga 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 a below average pick rate when compared to similar lenders.
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Originations
181Origination Dollar Volume (All Markets)
$32,595,000Top 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) | 58 | $9,870,000 | $170,172 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 61 | $9,655,000 | $158,279 | $0 | 0.00% |
| Outside of Metro Areas | 38 | $5,920,000 | $155,789 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 9 | $1,725,000 | $191,667 | $0 | 0.00% |
| Fremont, NE (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 0.00% |
| Columbus, NE (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| North Platte, NE (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 181 | $32,595,000 | $180,083 | $0 | 0.00% |
For 2022, Bankfirst's most frequently originated type of loan was Conventional, with 181 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 135 | $24,315,000 | $180,111 | $0 | 0.00% |
| Refi | 43 | $8,015,000 | $186,395 | $0 | 0.00% |
| Home Improvement | 3 | $265,000 | $88,333 | $0 | 0.00% |
For 2022, Bankfirst's most frequently cited loan purpose was Home Purchase, with 135 originations. The 2nd most popular reason was Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 181 | $32,595,000 | $180,083 | $0 | 0.00% |
For 2022, Bankfirst's most frequently cited loan duration was Other, with 181 originations.
Loan Sizing
2022 saw Bankfirst place emphasis on $100k-200k loans with 92 originations, totaling $13,350,000 in origination value.
Applicant Income
Bankfirst lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $50k or less, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.00%
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 origination80.66%
Bankfirst has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 181 | $32,595,000 | $180,083 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 7 | 46.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 6.7% |