# First Interstate Bank

> **Canonical URL:** https://saferate.com/lenders/first-interstate-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


First Interstate Bank is a bank, headquartered in Billings, MT, serving borrowers across 12 states, with 330 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 47% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 86% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300RFSMIRUODUVW59
- **Headquarters:** Billings, MT
- **Geographic Reach:** Multi-Region
- **States Served:** 12
- **State List:** AZ, CO, IA, ID, MO, MT, ND, NE, OR, SD, WA, WY
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 53/100
- Rating: ●●●○○ (3/5)

### Pull Through: Mediocre 😐
- Score: 14/100
- Rating: ●○○○○ (1/5)

### Pricing Details
- **Average Rate Spread:** +0.371%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,598
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 330
- **Dollar Volume:** $120 million
- **Applications Received:** 846
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $362,394
- **Average Borrower Income:** $179,355
- **Average Property Value:** $606,636

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 54/100 | 275 | +0.396% | $1,662 | Sound ☺️ |
| FHA | 38/100 | 22 | +0.062% | $826 | Acceptable 🙂 |
| Jumbo | 70/100 | 23 | +1.628% | $5,757 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 227 loans, Score: 52/100 (Sound)
- Refinance: 48 loans, Score: 52/100 (Sound)

**FHA:**
- Purchase: 22 loans, Score: 38/100 (Acceptable)

**Jumbo:**
- Purchase: 23 loans, Score: 71/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 54/100 | 282 | $109M | +0.340% | Sound ☺️ |
| Refinance | 49/100 | 48 | $11M | +0.510% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MT | 86 | 0.82% | 70/100 |
| SD | 53 | 0.60% | 65/100 |
| IA | 46 | 0.13% | 58/100 |
| WY | 44 | 0.70% | 67/100 |
| NE | 25 | 0.12% | 53/100 |
| OR | 23 | 0.05% | 51/100 |
| ID | 22 | 0.08% | 50/100 |
| WA | 12 | 0.01% | 42/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 163 | 64/100 |
| Bend, OR | OR | 18 | 58/100 |
| Bozeman, MT | MT | 16 | 56/100 |
| Billings, MT | MT | 12 | 47/100 |
| Coeur d'Alene, ID | ID | 12 | 48/100 |
| Sioux Falls, SD | SD-MN | 12 | 46/100 |
| Cheyenne, WY | WY | 10 | 44/100 |

## Where This Lender Ranks

First Interstate Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#8** in Billings, MT for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/billings-mt/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Montana for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/montana/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#9** in Cheyenne, WY for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/cheyenne-wy/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in Montana for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/montana/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#10** in Bend, OR for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/bend-or/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#10** in Bozeman, MT for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bozeman-mt/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#11** in Coeur d'Alene, ID for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/coeur-dalene-id/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#13** in Bend, OR for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bend-or/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#15** in Montana for Jumbo Loans
  - [View Full Rankings](https://saferate.com/montana/best-mortgage-lenders/jumbo-loans)
- 🏆 **#15** in South Dakota for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#16** in Wyoming Banks
  - [View Full Rankings](https://saferate.com/wyoming/best-mortgage-lenders/banks)
- 🏆 **#17** in Montana for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/montana/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#17** in Sioux Falls, SD for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#18** in Montana Banks
  - [View Full Rankings](https://saferate.com/montana/best-mortgage-lenders/banks)
- 🏆 **#19** in Wyoming for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/wyoming/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#19** in Bend, OR for Jumbo Loans
  - [View Full Rankings](https://saferate.com/bend-or/best-mortgage-lenders/jumbo-loans)
- 🏆 **#20** in South Dakota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does First Interstate Bank offer?

First Interstate Bank offers the following mortgage loan types: FHA, Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First Interstate Bank offer mortgages?

First Interstate Bank offers mortgages in 12 states: AZ, CO, IA, ID, MO, MT, ND, NE, OR, SD, WA, WY.

### How competitive are First Interstate Bank's mortgage rates?

First Interstate Bank has a pricing score of 53/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.371% above market average.

### What type of lender is First Interstate Bank?

First Interstate Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Billings, MT.

### What is First Interstate Bank's loan approval success rate?

First Interstate Bank has a pull-through score of 14/100 (Mediocre). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-interstate-bank

### How to Cite

> "First Interstate Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-interstate-bank

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