First Interstate Bank Mortgage Rates, Fees & Info

Billings, MT

LEI: 549300RFSMIRUODUVW59

Tax ID: 81-0192860

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

First Interstate Bank is a small bank specializing in Home Purchase loans. First Interstate Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Spokane, Bozeman, Kalispell, Missoula, and Boise City among others. We have data for 146 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Interstate 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. First Interstate Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 12/2/24
30 Year Conventional Purchase 6.42% 12/2/24
30 Year Conventional Refi 6.60% 12/2/24
30 Year Cash-out Refi 6.84% 12/2/24
30 Year FHA Purchase 7.06% 12/2/24
30 Year FHA Refi 6.73% 12/2/24
30 Year VA Purchase 6.18% 12/2/24
30 Year VA Refi 5.82% 12/2/24
30 Year USDA Purchase 6.43% 12/2/24
15 Year Conventional Purchase 6.33% 12/2/24
15 Year Conventional Refi 6.36% 12/2/24
15 Year Cash-out Refi 6.36% 12/2/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Interstate Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Interstate Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

6,564

Origination Dollar Volume (All Markets)

$2,522,650,000
Show all (13) awards

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
Outside of Metro Areas 1,014 $323,400,000 $318,935 $5,321 5.37%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 198 $179,650,000 $907,323 $6,432 5.18%
Outside of Metro Areas 231 $169,465,000 $733,615 $11,018 5.04%
Bozeman, MT (FHA|USDA|VA) 214 $143,940,000 $672,617 $9,547 5.23%
Kalispell, MT (FHA|USDA|VA) 256 $114,820,000 $448,516 $9,351 5.13%
MISSOULA, MT (FHA|USDA|VA) 345 $98,685,000 $286,043 $6,834 5.29%
BOISE CITY, ID (FHA|USDA|VA) 296 $93,150,000 $314,696 $7,321 5.51%
SIOUX FALLS, SD (FHA|USDA|VA) 305 $92,635,000 $303,721 $3,408 5.23%
BEND, OR (FHA|USDA|VA) 210 $87,270,000 $415,571 $8,861 5.35%
CHEYENNE, WY (FHA|USDA|VA) 326 $86,670,000 $265,859 $6,897 5.01%
BILLINGS, MT (FHA|USDA|VA) 310 $82,960,000 $267,613 $7,050 5.20%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 56 $67,670,000 $1,208,393 $6,262 5.26%
Helena, MT (FHA|USDA|VA) 217 $62,065,000 $286,014 $6,924 5.22%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 154 $50,170,000 $325,779 $2,978 5.54%
RAPID CITY, SD (FHA|USDA|VA) 162 $44,210,000 $272,901 $4,790 5.36%
Jackson, WY-ID (FHA|USDA|VA) 88 $43,840,000 $498,182 $7,153 5.15%
CASPER, WY (FHA|USDA|VA) 184 $41,390,000 $224,946 $6,639 4.87%
Sheridan, WY (FHA|USDA|VA) 154 $34,520,000 $224,156 $5,423 5.17%
GREELEY, CO (FHA|USDA|VA) 26 $33,290,000 $1,280,385 $2,410 5.15%
COLORADO SPRINGS, CO (FHA|USDA|VA) 13 $33,285,000 $2,560,385 $2,568 4.87%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 31 $33,255,000 $1,072,742 $6,292 5.14%
LONGVIEW, WA (FHA|USDA|VA) 1 $31,775,000 $31,775,000 $0 3.50%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 89 $31,665,000 $355,787 $3,809 5.27%
Spearfish, SD (FHA|USDA|VA) 117 $31,565,000 $269,786 $6,710 5.19%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $31,100,000 $7,775,000 $6,065 5.03%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 25 $29,185,000 $1,167,400 $10,687 5.45%
KANSAS CITY, MO-KS (FHA|USDA|VA) 14 $28,580,000 $2,041,429 $5,367 4.85%
Laramie, WY (FHA|USDA|VA) 81 $21,185,000 $261,543 $7,191 5.21%
TWIN FALLS, ID (FHA|USDA|VA) 4 $20,680,000 $5,170,000 $7,923 5.19%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 14 $18,760,000 $1,340,000 $2,504 4.23%
LINCOLN, NE (FHA|USDA|VA) 82 $17,670,000 $215,488 $2,788 5.39%
Fort Dodge, IA (FHA|USDA|VA) 47 $16,855,000 $358,617 $2,447 5.46%
FARGO, ND-MN (FHA|USDA|VA) 7 $16,685,000 $2,383,571 $4,063 3.81%
Gillette, WY (FHA|USDA|VA) 103 $16,205,000 $157,330 $12,589 5.04%
MEDFORD, OR (FHA|USDA|VA) 112 $15,310,000 $136,696 $6,278 5.61%
Sandpoint, ID (FHA|USDA|VA) 25 $15,015,000 $600,600 $11,808 5.13%
Riverton, WY (FHA|USDA|VA) 105 $14,915,000 $142,048 $4,871 5.27%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $14,580,000 $7,290,000 $2,616 6.25%
Moscow, ID (FHA|USDA|VA) 4 $12,510,000 $3,127,500 $0 3.95%
IOWA CITY, IA (FHA|USDA|VA) 23 $12,265,000 $533,261 $1,929 4.49%
Aberdeen, SD (FHA|USDA|VA) 83 $12,135,000 $146,205 $4,388 5.22%
FORT COLLINS, CO (FHA|USDA|VA) 34 $10,800,000 $317,647 $8,497 5.29%
TUCSON, AZ (FHA|USDA|VA) 14 $9,670,000 $690,714 $4,617 5.10%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $9,360,000 $936,000 $18,472 4.97%
Prineville, OR (FHA|USDA|VA) 23 $9,085,000 $395,000 $8,485 5.18%
Mountain Home, ID (FHA|USDA|VA) 50 $8,080,000 $161,600 $9,128 5.25%
GREAT FALLS, MT (FHA|USDA|VA) 50 $7,800,000 $156,000 $4,574 5.26%
AMES, IA (FHA|USDA|VA) 57 $7,565,000 $132,719 $3,682 5.25%
Watertown, SD (FHA|USDA|VA) 68 $7,060,000 $103,824 $3,819 6.06%
BOULDER, CO (FHA|USDA|VA) 24 $6,650,000 $277,083 $8,482 5.70%
Kearney, NE (FHA|USDA|VA) 18 $5,850,000 $325,000 $2,654 4.68%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $5,405,000 $1,801,667 $14,565 4.96%
Rock Springs, WY (FHA|USDA|VA) 3 $5,325,000 $1,775,000 $9,835 5.37%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 10 $4,820,000 $482,000 $8,774 5.53%
GRANTS PASS, OR (FHA|USDA|VA) 39 $4,715,000 $120,897 $4,652 5.82%
SALEM, OR (FHA|USDA|VA) 24 $4,440,000 $185,000 $7,133 5.78%
Brookings, SD (FHA|USDA|VA) 22 $3,690,000 $167,727 $3,999 5.25%
Ellensburg, WA (FHA|USDA|VA) 4 $3,660,000 $915,000 $7,917 5.28%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $3,360,000 $1,680,000 $15,754 4.44%
Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $3,280,000 $1,640,000 $18,554 4.94%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $3,015,000 $3,015,000 $0 5.75%
LAWRENCE, KS (FHA|USDA|VA) 4 $2,970,000 $742,500 $0 5.06%
Ontario, OR-ID (FHA|USDA|VA) 20 $2,880,000 $144,000 $9,536 5.32%
Hailey, ID (FHA|USDA|VA) 5 $2,855,000 $571,000 $15,501 4.08%
Hood River, OR (FHA|USDA|VA) 7 $2,625,000 $375,000 $11,736 4.82%
Yankton, SD (FHA|USDA|VA) 15 $2,605,000 $173,667 $4,053 5.35%
Butte-Silver Bow, MT (FHA|USDA|VA) 14 $2,560,000 $182,857 $5,880 5.28%
Moses Lake, WA (FHA|USDA|VA) 8 $2,110,000 $263,750 $8,837 6.17%
North Platte, NE (FHA|USDA|VA) 19 $2,045,000 $107,632 $2,957 5.29%
Marshalltown, IA (FHA|USDA|VA) 22 $2,030,000 $92,273 $3,381 6.07%
Lexington, NE (FHA|USDA|VA) 9 $2,025,000 $225,000 $2,586 5.82%
Newport, OR (FHA|USDA|VA) 16 $1,980,000 $123,750 $5,537 5.69%
Steamboat Springs, CO (FHA|USDA|VA) 2 $1,940,000 $970,000 $4,370 4.44%
Klamath Falls, OR (FHA|USDA|VA) 17 $1,835,000 $107,941 $3,194 5.85%
Aberdeen, WA (FHA|USDA|VA) 5 $1,715,000 $343,000 $0 5.33%
Roseburg, OR (FHA|USDA|VA) 17 $1,625,000 $95,588 $4,038 6.13%
GRAND ISLAND, NE (FHA|USDA|VA) 14 $1,590,000 $113,571 $3,025 5.68%
Mason City, IA (FHA|USDA|VA) 1 $1,575,000 $1,575,000 $2,931 3.00%
GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 3.65%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $12,618 4.88%
PUEBLO, CO (FHA|USDA|VA) 1 $1,355,000 $1,355,000 $0 4.00%
Coos Bay, OR (FHA|USDA|VA) 12 $1,330,000 $110,833 $4,110 5.90%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $11,797 4.75%
NAPA, CA (FHA|USDA|VA) 1 $1,295,000 $1,295,000 $5,792 3.63%
Burlington, IA-IL (FHA|USDA|VA) 20 $1,280,000 $64,000 $1,531 5.13%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $1,270,000 $317,500 $5,917 5.75%
Brookings, OR (FHA|USDA|VA) 1 $1,065,000 $1,065,000 $13,795 5.13%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $0 4.25%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $995,000 $995,000 $13,086 4.25%
Hastings, NE (FHA|USDA|VA) 9 $995,000 $110,556 $3,202 6.01%
The Dalles, OR (FHA|USDA|VA) 4 $940,000 $235,000 $4,534 5.00%
WICHITA, KS (FHA|USDA|VA) 3 $915,000 $305,000 $3,461 5.17%
Scottsbluff, NE (FHA|USDA|VA) 8 $890,000 $111,250 $3,297 5.71%
Fergus Falls, MN (FHA|USDA|VA) 2 $890,000 $445,000 $4,221 4.94%
Rexburg, ID (FHA|USDA|VA) 2 $850,000 $425,000 $7,809 4.56%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $775,000 $775,000 $0 4.65%
Marshall, MN (FHA|USDA|VA) 8 $760,000 $95,000 $3,806 6.15%
Mitchell, SD (FHA|USDA|VA) 6 $760,000 $126,667 $3,007 5.58%
MANHATTAN, KS (FHA|USDA|VA) 3 $725,000 $241,667 $0 5.50%
ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $710,000 $355,000 $0 5.25%
Worthington, MN (FHA|USDA|VA) 2 $650,000 $325,000 $3,148 4.73%
IDAHO FALLS, ID (FHA|USDA|VA) 3 $575,000 $191,667 $2,601 6.07%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $565,000 $188,333 $3,171 4.29%
Pierre, SD (FHA|USDA|VA) 4 $550,000 $137,500 $2,574 5.33%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $550,000 $275,000 $4,694 4.06%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $515,000 $515,000 $0 2.95%
Jamestown, ND (FHA|USDA|VA) 2 $510,000 $255,000 $4,314 5.13%
CORVALLIS, OR (FHA|USDA|VA) 2 $510,000 $255,000 $7,069 6.19%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $480,000 $240,000 $3,264 4.26%
Columbus, NE (FHA|USDA|VA) 7 $455,000 $65,000 $1,754 5.39%
Warrensburg, MO (FHA|USDA|VA) 1 $455,000 $455,000 $14,308 5.00%
Williston, ND (FHA|USDA|VA) 2 $450,000 $225,000 $8,903 4.88%
Coffeyville, KS (FHA|USDA|VA) 1 $435,000 $435,000 $0 7.06%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 5 $435,000 $87,000 $2,838 5.34%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $425,000 $425,000 $7,948 4.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $415,000 $415,000 $8,267 3.88%
Astoria, OR (FHA|USDA|VA) 3 $385,000 $128,333 $0 4.29%
CaƱon City, CO (FHA|USDA|VA) 3 $345,000 $115,000 $3,228 4.80%
Maryville, MO (FHA|USDA|VA) 2 $320,000 $160,000 $0 6.08%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $315,000 $315,000 $3,373 3.00%
Beatrice, NE (FHA|USDA|VA) 4 $310,000 $77,500 $1,484 5.31%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,578 4.38%
Huron, SD (FHA|USDA|VA) 3 $305,000 $101,667 $3,559 4.78%
Craig, CO (FHA|USDA|VA) 1 $275,000 $275,000 $8,365 5.75%
YAKIMA, WA (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.85%
Heber, UT (FHA|USDA|VA) 1 $255,000 $255,000 $5,684 5.75%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $255,000 $255,000 $9,212 6.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $240,000 $120,000 $3,689 5.38%
Willmar, MN (FHA|USDA|VA) 2 $240,000 $120,000 $2,262 5.75%
DULUTH, MN-WI (FHA|USDA|VA) 1 $205,000 $205,000 $4,740 3.88%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $195,000 $195,000 $4,827 5.75%
YUMA, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $5,557 3.00%
BISMARCK, ND (FHA|USDA|VA) 1 $195,000 $195,000 $9,681 4.75%
Pullman, WA (FHA|USDA|VA) 2 $190,000 $95,000 $3,394 6.11%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $160,000 $80,000 $0 6.06%
Nogales, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $5,589 3.88%
Pella, IA (FHA|USDA|VA) 2 $130,000 $65,000 $0 5.63%
Vermillion, SD (FHA|USDA|VA) 1 $125,000 $125,000 $2,504 5.13%
Fremont, NE (FHA|USDA|VA) 3 $115,000 $38,333 $0 6.85%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $105,000 $105,000 $1,430 7.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,684 4.13%
WALLA WALLA, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.00%
DUBUQUE, IA (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.38%
Norfolk, NE (FHA|USDA|VA) 2 $60,000 $30,000 $0 5.40%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
ST. CLOUD, MN (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.50%
First Interstate Bank's top markets include Spokane, Bozeman, Kalispell, Missoula, and Boise City among others.

Their top states include:
  • Montana (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Interstate Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PARK SIDE FINANCIAL
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    U.S. HOME MORTGAGE, INC.
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    Pinnacle Bank - Wyoming
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 3,465 $449,365,000 $129,687 n/a 5.73%
    Conventional 2,821 $1,996,835,000 $707,847 $6,081 4.77%
    FHA 129 $30,125,000 $233,527 $8,447 4.87%
    VA 100 $36,670,000 $366,700 $8,999 4.48%
    USDA 49 $9,655,000 $197,041 $16,070 4.40%

    For 2022, First Interstate Bank's most frequently originated type of loan was HELOC, with 3,465 originations. Their 2nd most popular type was Conventional, with 2,821 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,389 $1,686,385,000 $705,896 $7,465 4.89%
    Home Improvement 1,852 $216,220,000 $116,749 $2,829 5.77%
    Refi 1,268 $439,360,000 $346,498 $4,248 5.30%
    Other 588 $69,860,000 $118,810 $1,919 5.74%
    Cash Out Refi 467 $110,825,000 $237,313 $4,487 4.58%

    For 2022, First Interstate Bank's most frequently cited loan purpose was Home Purchase, with 2,389 originations. The 2nd most popular reason was Home Improvement, with 1,852 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,704 $966,510,000 $205,466 $5,961 5.43%
    10 Year 739 $608,345,000 $823,200 $1,780 4.92%
    30+ year 302 $271,000,000 $897,351 $13,435 4.89%
    15 Year 300 $55,750,000 $185,833 $3,626 4.55%
    5 Year 256 $330,010,000 $1,289,102 $624 4.79%
    Other 125 $245,665,000 $1,965,320 $2,036 5.15%
    20 Year 64 $11,700,000 $182,813 $3,128 4.41%
    1 Year 59 $28,855,000 $489,068 $5,771 5.65%
    3 Year 15 $4,815,000 $321,000 $0 5.21%

    For 2022, First Interstate Bank's most frequently cited loan duration was 30 Year, with 4,704 originations. The 2nd most popular length was 10 Year, with 739 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 795 $201,465,000 $253,415
    $2k-3k 431 $187,855,000 $435,858
    $5k+ 409 $272,085,000 $665,244
    $1k-2k 388 $75,040,000 $193,402
    $3k-4k 282 $93,990,000 $333,298
    $4k-5k 183 $73,585,000 $402,104

    First Interstate Bank's average total fees were $5,961, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 795 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,054 $963,320,000 $468,997
    5-6% 1,637 $554,405,000 $338,671
    6-7% 992 $178,230,000 $179,667
    3-4% 984 $688,470,000 $699,665
    7-8% 508 $63,790,000 $125,571
    Over 8% 198 $17,380,000 $87,778
    2.5-3% 139 $44,125,000 $317,446
    <2.5% 44 $12,840,000 $291,818

    During 2022, First Interstate Bank's average interest rate for loans was 5.43%, while their most frequently originated rate bucket for loans was 4-5%, with 2,054 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,139 $114,255,000 $53,415 $2,285 5.78%
    $100k-200k 1,699 $225,295,000 $132,604 $4,342 5.22%
    $200k-400k 1,592 $437,820,000 $275,013 $5,721 4.99%
    $400k-600k 532 $250,270,000 $470,432 $8,520 4.92%
    $600k-1MM 311 $229,185,000 $736,929 $10,419 4.76%
    $1MM+ 291 $1,265,825,000 $4,349,914 $15,722 4.52%

    2022 saw First Interstate Bank place emphasis on $100,000 or less loans with 2,139 originations, totaling $114,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,356 $264,550,000 $195,096 $6,234 5.40%
    $150k-250k 1,065 $290,995,000 $273,235 $7,598 5.37%
    $75k-100k 1,053 $174,225,000 $165,456 $5,493 5.32%
    $50k-75k 990 $136,720,000 $138,101 $4,579 5.28%
    $250k+ 768 $421,940,000 $549,401 $10,088 5.25%
    $50k or less 680 $67,320,000 $99,000 $3,678 5.17%

    First Interstate Bank lent most frequently to those with incomes in the $100k-150k range, with 1,356 originations. The second most popular income band? $150k-250k, with 1,065 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,340 $278,670,000 $207,963 $5,844 5.31%
    30-36% 937 $193,685,000 $206,708 $5,713 5.30%
    <20% 760 $145,290,000 $191,171 $6,154 5.32%
    50-60% 513 $100,335,000 $195,585 $9,224 5.50%
    42% 216 $71,370,000 $330,417 $6,719 5.21%
    40% 211 $55,525,000 $263,152 $6,657 5.28%
    39% 206 $64,670,000 $313,932 $6,363 5.04%
    44% 201 $41,345,000 $205,697 $5,718 5.72%
    37% 195 $54,635,000 $280,179 $6,854 5.24%
    41% 193 $53,645,000 $277,953 $7,012 5.34%
    38% 192 $44,450,000 $231,510 $5,878 5.19%
    43% 180 $42,810,000 $237,833 $6,250 5.35%
    36% 170 $41,460,000 $243,882 $11,291 5.37%
    49% 150 $48,370,000 $322,467 $8,009 5.15%
    45% 140 $32,690,000 $233,500 $6,820 5.48%
    48% 130 $29,260,000 $225,077 $5,266 5.18%
    47% 123 $29,525,000 $240,041 $6,245 5.09%
    46% 120 $33,460,000 $278,833 $6,607 5.33%
    >60% 8 $2,100,000 $262,500 $6,036 6.51%

    First Interstate Bank lent most frequently to those with DTI ratios of 20-30%, with 1,340 originations. The next most common DTI ratio? 30-36%, with 937 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,209 $1,122,795,000 $215,549 $6,215 5.33%
    Not applicable 428 $1,122,000,000 $2,621,495 $9,855 4.69%
    Not provided 812 $254,380,000 $313,276 $7,582 5.17%
    Asian 35 $9,305,000 $265,857 $5,913 5.18%
    Black 36 $5,290,000 $146,944 $5,480 5.39%
    American Indian 27 $4,645,000 $172,037 $5,490 5.40%
    Asian Indian 5 $1,685,000 $337,000 $3,649 3.63%
    Vietnamese 5 $1,235,000 $247,000 $2,752 5.90%
    Native Hawaiian or Islander 4 $980,000 $245,000 $5,934 5.71%
    Other Pacific Islander 2 $230,000 $115,000 $0 7.13%
    Samoan 1 $105,000 $105,000 $0 6.25%

    Approval Rates

    Total approvals of all applications
    86.38%

    First Interstate Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.62%

    First Interstate Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,564 $2,522,650,000 $384,316

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,564 $2,522,650,000 $384,316

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,470 $272,940,000 $185,673 $4,226 5.41%
    40-60% 893 $739,355,000 $827,945 $5,816 4.85%
    60-80% 1,273 $980,105,000 $769,918 $7,902 4.77%
    80-100% 937 $355,965,000 $379,899 $6,416 4.90%
    Over 100% 24 $15,600,000 $650,000 $16,417 4.23%
    Under 20% 1,961 $156,045,000 $79,574 $2,139 5.87%

    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%