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
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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: Lubbock, Wilmington, Dallas, Jacksonville, and Nashville among others. We have data for 53 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.
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Originations
79Origination Dollar Volume (All Markets)
$13,975,000Top 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 |
|---|---|---|---|---|---|
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $300,000 | $150,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Troy, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-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% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (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 | 79 | $13,975,000 | $176,899 | $0 | 0.00% |
For 2022, First Western Federal Savings Bank's most frequently originated type of loan was Conventional, with 79 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 65 | $11,455,000 | $176,231 | $0 | 0.00% |
| Refi | 10 | $1,950,000 | $195,000 | $0 | 0.00% |
| Home Improvement | 4 | $570,000 | $142,500 | $0 | 0.00% |
For 2022, First Western Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 79 | $13,975,000 | $176,899 | $0 | 0.00% |
For 2022, First Western Federal Savings Bank's most frequently cited loan duration was Other, with 79 originations.
Loan Sizing
2022 saw First Western Federal Savings Bank place emphasis on $100k-200k loans with 33 originations, totaling $4,505,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 79 | $13,975,000 | $176,899 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 79 | $13,975,000 | $176,899 | $0 | 0.00% |
Approval Rates
Total approvals of all applications81.75%
First Western Federal Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination69.62%
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 | 79 | $13,975,000 | $176,899 |
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% |