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

Bank|Billings, MT|Multi-Region

Loans Originated

330

Applications

846

Volume

$119 million

Offers loans directly to consumers

Overall Pricing

Sound

Overall Pull Through

Mediocre

Pricing and Pullthrough Overview

Average Rate Spread

+0.371%

The average of the lender's APR minus the market's average APR (APOR)

Average Net Fees

$1,598

Borrower paid Origination Charges - Lender Credits

Pullthrough Rate

39.0%

Percentage of applications that result in closed loans

Safe Rate's Summary

Things to Think About

Pull through efficiency is below industry average

Report Card

First Interstate Bank performance at a glance

Category	Grade	Details
Pricing Rate competitiveness	Sound	Industry Standard
Pull Through Closing Strength	Mediocre	Below peers
Products Loan Type Specialists		Specialization score by loan product
Conventional	Sound	Industry Standard
FHA	Acceptable	Near industry average
Jumbo	Strong	Highly Competitive
Purpose Reason specialization		Specialization score by loan purpose
Purchase	Sound	Industry Standard
Refinance	Sound	Industry Standard
Places Geographic coverage	Sound	Multi-Regional · 7 metro areas · 12 states

Rating Scale:

Exceptional (80-100)

Strong (60-79)

Sound (40-59)

Acceptable (20-39)

Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount

$362,394

Average Borrower Income

$179,355

Average Property Value

$606,636

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%	$1,662
FHA Loans	Mediocre	Acceptable	N/A	Mediocre	22	6.7%	+0.062%	$826
Jumbo Loans	Sound	Strong	N/A	Sound	23	7.0%	+1.628%	$5,757

Performance by Loan Purpose

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

Geographic Coverage

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

AZCOIAIDMOMTNDNEORSDWAWY

Top Metro Areas by Place Specialization Score

Bend, OR, ORMSA

Volume: 18Mix: 5.45%

Place Specialization

Sound

Bozeman, MT, MTMSA

Volume: 16Mix: 4.85%

Place Specialization

Sound

Coeur d'Alene, ID, IDMSA

Volume: 12Mix: 3.64%

Place Specialization

Sound

Billings, MT, MTMSA

Volume: 12Mix: 3.64%

Place Specialization

Sound

Sioux Falls, SD, SD-MNMSA

Volume: 12Mix: 3.64%

Place Specialization

Sound

Cheyenne, WY, WYMSA

Volume: 10Mix: 3.03%

Place Specialization

Sound

Top States by Place Specialization Score

MTState

Volume: 86Mix: 26.06%

Place Specialization

Strong

WYState

Volume: 44Mix: 13.33%

Place Specialization

Strong

SDState

Volume: 53Mix: 16.06%

Place Specialization

Strong

IAState

Volume: 46Mix: 13.94%

Place Specialization

Sound

NEState

Volume: 25Mix: 7.58%

Place Specialization

Sound

ORState

Volume: 23Mix: 6.97%

Place Specialization

Sound

IDState

Volume: 22Mix: 6.67%

Place Specialization

Sound

WAState

Volume: 12Mix: 3.64%

Place Specialization

Sound

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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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