First Westroads Bank Mortgage Rates, Fees & Info
OMAHA, NELEI: 549300ZTZPT51D3DK456
Tax ID: 47-0497986
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First Westroads Bank is a smaller bank specializing in Home Purchase loans. First Westroads Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Norfolk, Sioux City, and Fremont among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Westroads 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.
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
24Origination Dollar Volume (All Markets)
$35,860,000Top 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 21 | $25,115,000 | $1,195,952 | $0 | 0.00% |
| Norfolk, NE (FHA|USDA|VA) | 1 | $5,635,000 | $5,635,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 0.00% |
| Fremont, NE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $35,860,000 | $1,494,167 | $0 | 0.00% |
For 2023, First Westroads Bank's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 15 | $30,545,000 | $2,036,333 | $0 | 0.00% |
| Refi | 8 | $5,110,000 | $638,750 | $0 | 0.00% |
| Home Improvement | 1 | $205,000 | $205,000 | $0 | 0.00% |
For 2023, First Westroads Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 24 | $35,860,000 | $1,494,167 | $0 | 0.00% |
For 2023, First Westroads Bank's most frequently cited loan duration was Other, with 24 originations.
Loan Sizing
2023 saw First Westroads Bank place emphasis on $200k-400k loans with 10 originations, totaling $3,110,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 4 | $1,500,000 | $375,000 | $0 | 0.00% |
| $100k-150k | 3 | $1,065,000 | $355,000 | $0 | 0.00% |
| $50k-75k | 2 | $610,000 | $305,000 | $0 | 0.00% |
First Westroads Bank lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 24 | $35,860,000 | $1,494,167 | $0 | 0.00% |
First Westroads Bank lent most frequently to those with DTI ratios of Exempt%, with 24 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 15 | $32,685,000 | $2,179,000 | $0 | 0.00% |
| White | 9 | $3,175,000 | $352,778 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.97%
First Westroads Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.67%
First Westroads 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 | 24 | $35,860,000 | $1,494,167 |