First Interstate Bank Mortgage Rates, Fees & Info
Billings, MTLEI: 549300RFSMIRUODUVW59
Tax ID: 81-0192860
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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.
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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
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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
6,564Origination Dollar Volume (All Markets)
$2,522,650,000First Interstate Bank - 2022
First Interstate Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications86.38%
First Interstate Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.62%
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
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% |