First Interstate Bank closing costs and rates (2024)
In 2024, First Interstate Bank originated 278 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $4,490. That is $2,251 below the national median of $6,741. First Interstate Bank is most active in Montana with 68 originations there.
Purchase Originations
278
Median Total Costs
$4,490
−33.4% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$1,422
Median Lender Credits
$420
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 243 | 7.000% | $4,189 | $1,670 |
| fha | 25 | 6.125% | $6,139 | $995 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Montana | 68 | 7.000% | $6,834 | #24 |
| Iowa | 46 | 6.875% | $2,751 | — |
| South Dakota | 43 | 6.625% | $4,202 | — |
| Wyoming | 36 | 6.625% | $3,977 | — |
| Nebraska | 24 | 6.625% | $3,058 | — |
| Oregon | 19 | 7.750% | $10,315 | — |
| Idaho | 18 | 7.062% | $9,474 | — |
| Washington | 9 | 7.125% | $5,344 | — |
| Colorado | 6 | 6.938% | $4,125 | — |
| Arizona | 5 | 6.875% | $5,850 | — |
| Missouri | 3 | 6.500% | $3,478 | — |
| North Dakota | 1 | 6.500% | $4,160 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,443 | 6.875% | — | 8 | −$2,047 | |
| 2 | $2,675 | 7.000% | — | 5 | −$1,815 | |
| 3 | $2,736 | 7.062% | — | 4 | −$1,754 | |
| 4 | $2,886 | 6.688% | — | 4 | −$1,604 | |
| 5 | $3,284 | 6.875% | — | 6 | −$1,206 | |
| 6 | $3,325 | 6.250% | — | 5 | −$1,165 | |
| 7 | $3,515 | 6.750% | — | 4 | −$975 | |
| 8 | $3,826 | 6.375% | — | 8 | −$664 | |
| 9 | $3,929 | 7.188% | — | 6 | −$561 | |
| 10 | $3,967 | 6.750% | — | 5 | −$523 | |
| 11 | $4,988 | 6.812% | — | 4 | +$498 | |
| 12 | $5,155 | 6.438% | — | 6 | +$665 | |
| 13 | $5,464 | 6.375% | — | 7 | +$974 | |
| 14 | $5,620 | 6.625% | — | 9 | +$1,130 | |
| 15 | $5,845 | 7.000% | — | 6 | +$1,355 | |
| 16 | $9,205 | 6.062% | — | 4 | +$4,715 | |
| 17 | $9,515 | 7.375% | — | 11 | +$5,025 | |
| 18 | $10,086 | 7.875% | — | 12 | +$5,596 | |
| 19 | $10,446 | 7.375% | — | 11 | +$5,956 | |
| 20 | $11,362 | 6.875% | — | 9 | +$6,872 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.