Mortgage lender · Watford City, ND · LEI 5493002LPXKMOZNXUY90

First International Bank & Trust review: approval odds, rates and grade (2025)

First International Bank & Trust earns a B, better than most mid-size mortgage lenders. It turned down 5.8% of the applications it decided on in 2025, which ranks in the 67th percentile for approval odds. Its median loan was priced 0.24 points above the average prime offer rate, ranking in the 53rd percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

2.2kApplications2025
82.1%Originatedof applications
5.8%Decision denial ratenational 22.6%
6.63%Median ratenational 6.63%
$640MLoan volume33 states

First International Bank & Trust at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

5.1%Denial rate (all applications)-12.88 pts vs national
5.8%Denial rate (decided applications)-16.77 pts vs national
82.1%Origination rate+24.02 pts vs national
10.8%Withdrawn by applicant
1.6%Closed for incompleteness
6.63%Median interest rate0.00 pts vs national
0.24Median rate spread (pts over APOR)-0.02 pts vs national
$255,000Median loan amount
$4,714Median total loan costs
$122kMedian applicant income
80%Median loan-to-value
1High-cost (HOEPA) loans

How the B grade breaks down

Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

67th5.8% denied

Pricingmedian rate spread over APOR, weight 30%

53rd0.24 pts

Processwithdrawn + incomplete share, weight 15%

73rd12.4%

Closing coststotal loan costs ÷ loan amount, weight 10%

70th1.85% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,5891,2817.1%8.0%7.00%$413M
20241,7911,4376.6%7.5%6.88%$415M
20252,2341,8335.1%5.8%6.63%$640M

What First International Bank & Trust lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 1,405 63% · 2.0% denied
Refinance 240 11% · 5.4% denied
Cash-out refinance 162 7% · 9.9% denied
Home improvement 239 11% · 10.0% denied
Other / HELOC 188 8% · 17.6% denied

By loan type

Conventional 1,835 82% · 5.3% denied
FHA 230 10% · 5.2% denied
VA 151 7% · 2.7% denied
USDA / RHS 18 1% · 0.0% denied

Also: 519 home-equity lines, 0 reverse mortgages, 32 manufactured homes, 200 investment properties.

Why First International Bank & Trust denies applications

Primary reason reported for each of the 114 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 60 53%
Credit history 38 33%
Other 5 4%
Collateral 5 4%
Employment history 3 3%
Insufficient cash 2 2%
Unverifiable information 1 1%

How these reasons compare nationally →

Who gets approved at First International Bank & Trust

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k997214.0%
$50k – $100k6395236.8%
$100k – $150k5194276.7%
$150k – $250k4693656.1%
Over $250k2922433.5%
Applicant ageApplicationsOriginatedDecision denial rate
Under 251481381.4%
25–345954844.1%
35–446285106.2%
45–5438529710.5%
55–642101666.2%
65–741381147.3%
Over 7436306.1%

Where First International Bank & Trust lends

33 states and 177 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
North Dakota1,1129414.0%6.63%#2
South Dakota6105034.1%6.50%#13
Minnesota2522028.3%6.75%#124
Arizona1771259.6%7.25%#184
Iowa181211.1%6.56%#303
Nebraska12108.3%6.50%#234
Florida650.0%7.50%#1,065
Texas6416.7%6.67%#1,043

Frequently asked questions

First International Bank & Trust denied 5.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 67th percentile of mid-size mortgage lenders.

The most common reason First International Bank & Trust gave in 2025 was "debt-to-income ratio", cited on 52.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans First International Bank & Trust originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.24 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 63% of its applications were for home purchases, 18% for refinancing (including cash-out), and 19% for home improvement or other purposes. By loan type: 82% conventional, 10% FHA, 7% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with First International Bank & Trust. Data sources · Methodology