Forte Bank Mortgage Rates, Fees & Info

Hartford, WI

LEI: 549300RTMAIJNRX52596

Tax ID: 39-0335807

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Forte Bank is a smaller bank specializing in Home Purchase and Refi loans. Forte Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Beaver Dam, Oshkosh, Racine, and Chicago among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Forte Bank has an above average approval rate when compared to the average across all lenders. They have an above 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

    93

    Origination Dollar Volume (All Markets)

    $27,095,000

    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
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 71 $21,305,000 $300,070 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 10 $2,910,000 $291,000 $0 0.00%
    Outside of Metro Areas 6 $1,580,000 $263,333 $0 0.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
    RACINE, WI (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Stevens Point, WI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Forte Bank's top markets include Milwaukee, Beaver Dam, Oshkosh, Racine, and Chicago among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $27,095,000 $291,344 $0 0.00%

    For 2024, Forte Bank's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $20,070,000 $313,594 $0 0.00%
    Refi 17 $5,525,000 $325,000 $0 0.00%
    Home Improvement 8 $920,000 $115,000 $0 0.00%
    Cash Out Refi 3 $495,000 $165,000 $0 0.00%
    Other 1 $85,000 $85,000 $0 0.00%

    For 2024, Forte Bank's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $27,095,000 $291,344 $0 0.00%

    For 2024, Forte Bank's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 40 $10,740,000 $268,500 $0 0.00%
    $100k-200k 26 $4,050,000 $155,769 $0 0.00%
    $100,000 or less 13 $815,000 $62,692 $0 0.00%
    $400k-600k 8 $4,030,000 $503,750 $0 0.00%
    $1MM+ 3 $5,015,000 $1,671,667 $0 0.00%
    $600k-1MM 3 $2,445,000 $815,000 $0 0.00%

    2024 saw Forte Bank place emphasis on $200k-400k loans with 40 originations, totaling $10,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $2,835,000 $189,000 $0 0.00%
    $75k-100k 11 $2,395,000 $217,727 $0 0.00%
    $150k-250k 10 $3,370,000 $337,000 $0 0.00%
    $50k-75k 8 $1,520,000 $190,000 $0 0.00%
    $50k or less 4 $330,000 $82,500 $0 0.00%
    $250k+ 2 $560,000 $280,000 $0 0.00%

    Forte Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $75k-100k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $27,095,000 $291,344 $0 0.00%

    Forte Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 43 $16,085,000 $374,070 $0 0.00%
    White 46 $10,270,000 $223,261 $0 0.00%
    Not provided 4 $740,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.72%

    Forte Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.62%

    Forte Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 93 $27,095,000 $291,344

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    93 $27,095,000 $291,344