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 score and performance metrics.

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 an overall pricing score of 52.6/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is First Interstate Bank?

First Interstate Bank is a Bank headquartered in Billings, MT.

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First Interstate Bank

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First Interstate Bank has 330 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Sound

3/5

vs. all lenders

Pull-through

Mediocre

1/5

closing strength

Product

Strong

4/5

FHA · Conventional · Jumbo

Place

Sound

3/5

Multi-Region · 6 mkts

Summary

Things to Think About

Pull through efficiency is below industry average

Explore another lender or local market

Report Card

First Interstate Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Sound

+37.1 bps above market avg

Pull Through

Closing strength

Mediocre

Bottom 20% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

FHA

Acceptable

Bottom 40% of lenders

Jumbo

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Sound

Top 60% of lenders

Refinance

Sound

Top 60% of lenders

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 7 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Sound	Acceptable	275	83.3%	+0.396%Above	$1,662Fees
FHA Loans	Acceptable	Acceptable	—	Mediocre	22	6.7%	+0.062%Above	$826Fees
Jumbo Loans	Sound	Strong	—	Sound	23	7.0%	+1.628%Above	$5,757Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Acceptable

Volume275

Mix83.3%

Spread

+0.396%Above

Fees

$1,662Fees

FHA Loans

Overall

Acceptable

Product

Acceptable

Pricing—

Pull Through

Mediocre

Volume22

Mix6.7%

Spread

+0.062%Above

Fees

$826Fees

Jumbo Loans

Overall

Sound

Product

Strong

Pricing—

Pull Through

Sound

Volume23

Mix7.0%

Spread

+1.628%Above

Fees

$5,757Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Sound	Acceptable	282	85.5%	+0.340%Above	$1,572Fees
Refinance	Sound	Sound	Sound	Acceptable	48	14.5%	+0.510%Above	$1,717Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Acceptable

Volume282

Mix85.5%

Spread

+0.340%Above

Fees

$1,572Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Acceptable

Volume48

Mix14.5%

Spread

+0.510%Above

Fees

$1,717Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

330

Applications

846

Volume

$119 million

Pricing & Closing

Avg Rate Spread

+0.371%

vs. market APOR

Avg Net Fees

$1,598

Origination − Credits

Pullthrough Rate

39.0%

Applications → Closed

Typical Borrower

Avg Loan Amount

$362,394

Avg Borrower Income

$179,355

Avg Property Value

$606,636

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Midwest5

IAMONDNESD

West7

AZCOIDMTORWAWY

Top Metro Areas by Place Specialization Score

1© Ian Poellet · CC BY-SA 3.0

Bend, ORMetro

Volume 18Mix 5.45% of portfolio

58/100

Sound

2© Feetyouwear · CC BY 2.0

Bozeman, MTMetro

Volume 16Mix 4.85% of portfolio

56/100

Sound

Coeur d'Alene, IDMetro

Volume 12Mix 3.64% of portfolio

48/100

Sound

Billings, MTMetro

Volume 12Mix 3.64% of portfolio

47/100

Sound

Sioux Falls, SD, SD-MNMetro

Volume 12Mix 3.64% of portfolio

46/100

Sound

Cheyenne, WYMetro

Volume 10Mix 3.03% of portfolio

44/100

Sound

Top States by Place Specialization Score

MontanaState

Volume 86Mix 26.06% of portfolio

70/100

Strong

WyomingState

Volume 44Mix 13.33% of portfolio

67/100

Strong

South DakotaState

Volume 53Mix 16.06% of portfolio

65/100

Strong

IowaState

Volume 46Mix 13.94% of portfolio

58/100

Sound

NebraskaState

Volume 25Mix 7.58% of portfolio

53/100

Sound

OregonState

Volume 23Mix 6.97% of portfolio

51/100

Sound

IdahoState

Volume 22Mix 6.67% of portfolio

50/100

Sound

WashingtonState

Volume 12Mix 3.64% of portfolio

42/100

Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.