First Western Federal Savings Bank Mortgage Rates, Fees & Info
Rapid City, SDLEI: 549300N1R0R39PYT7O68
Tax ID: 46-0350990
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First Western Federal Savings Bank is a smaller bank specializing in Home Purchase loans. First Western Federal Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Madison, Greeley, Portland, and Lexington among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)First Western Federal Savings Bank 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
45Origination Dollar Volume (All Markets)
$5,555,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Sikeston, MO (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Sterling, CO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Laramie, WY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $5,555,000 | $123,444 | $0 | 0.00% |
For 2023, First Western Federal Savings Bank's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 43 | $5,125,000 | $119,186 | $0 | 0.00% |
| Home Improvement | 2 | $430,000 | $215,000 | $0 | 0.00% |
For 2023, First Western Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Home Improvement, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 45 | $5,555,000 | $123,444 | $0 | 0.00% |
For 2023, First Western Federal Savings Bank's most frequently cited loan duration was Other, with 45 originations.
Loan Sizing
2023 saw First Western Federal Savings Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,900,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 45 | $5,555,000 | $123,444 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 45 | $5,555,000 | $123,444 | $0 | 0.00% |
Approval Rates
Total approvals of all applications86.08%
First Western Federal Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination53.33%
First Western Federal Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 45 | $5,555,000 | $123,444 |