Forte Bank Mortgage Rates, Fees & Info

Hartford, WI

LEI: 549300RTMAIJNRX52596

Tax ID: 39-0335807

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Mortgage Data

Review & Overview

Forte Bank is a smaller bank specializing in Home Purchase loans. Forte Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Beaver Dam, Fond Du Lac, Stevens Point, and Shawano among others. We have data for 9 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 a below average pick rate when compared to similar lenders.

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Originations

80

Origination Dollar Volume (All Markets)

$18,140,000

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) 64 $15,040,000 $235,000 $0 0.00%
Beaver Dam, WI (FHA|USDA|VA) 4 $1,000,000 $250,000 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 2 $710,000 $355,000 $0 0.00%
Outside of Metro Areas 2 $390,000 $195,000 $0 0.00%
Stevens Point, WI (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
Shawano, WI (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
Menomonie, WI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
Forte Bank's top markets include Milwaukee, Beaver Dam, Fond Du Lac, Stevens Point, and Shawano among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 80 $18,140,000 $226,750 $0 0.00%

    For 2023, Forte Bank's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $14,595,000 $275,377 $0 0.00%
    Refi 17 $2,215,000 $130,294 $0 0.00%
    Home Improvement 8 $980,000 $122,500 $0 0.00%
    Cash Out Refi 2 $350,000 $175,000 $0 0.00%

    For 2023, Forte Bank's most frequently cited loan purpose was Home Purchase, with 53 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 80 $18,140,000 $226,750 $0 0.00%

    For 2023, Forte Bank's most frequently cited loan duration was Other, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 23 $3,465,000 $150,652 $0 0.00%
    $200k-400k 23 $6,185,000 $268,913 $0 0.00%
    $100,000 or less 20 $1,200,000 $60,000 $0 0.00%
    $400k-600k 11 $5,115,000 $465,000 $0 0.00%
    $600k-1MM 3 $2,175,000 $725,000 $0 0.00%

    2023 saw Forte Bank place emphasis on $100k-200k loans with 23 originations, totaling $3,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 18 $6,340,000 $352,222 $0 0.00%
    $50k-75k 12 $1,990,000 $165,833 $0 0.00%
    $100k-150k 11 $1,605,000 $145,909 $0 0.00%
    $75k-100k 7 $1,195,000 $170,714 $0 0.00%
    $50k or less 6 $680,000 $113,333 $0 0.00%
    $250k+ 1 $435,000 $435,000 $0 0.00%

    Forte Bank lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 80 $18,140,000 $226,750 $0 0.00%

    Forte Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 54 $11,870,000 $219,815 $0 0.00%
    Not applicable 24 $5,580,000 $232,500 $0 0.00%
    Asian 1 $605,000 $605,000 $0 0.00%
    Not provided 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.36%

    Forte Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.00%

    Forte Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 80 $18,140,000 $226,750

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    80 $18,140,000 $226,750