First Bank & Trust mortgage approval rate & lending review
First Bank & Trust decided 1,368 mortgage applications and funded 1,179 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions First Bank & Trust reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
First Bank & Trust at a glance
Approval is 5.8 points above the 81.7% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 89% | 643 / 720 | 99% | $275K | 638 |
| Home improvement loans | 84% | 153 / 182 | 97% | $65K | 149 |
| Cash-out refinance | 65% | 26 / 40 | 100% | $245K | 26 |
| Refinance | 84% | 163 / 193 | 99% | $95K | 162 |
| Investment property purchase | 92% | 180 / 195 | 97% | $215K | 175 |
| Investment refinance | 93% | 26 / 28 | 92% | $125K | 24 |
First Bank & Trust lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| South Dakota | 88% | $275K | 915 | 798 |
| Minnesota | 86% | $205K | 400 | 334 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where First Bank & Trust lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Minnehaha County, SD | Mortgage lenders | 90% | 515 | 463 |
| Minnehaha County, SD | Investment property purchase | 94% | 111 | 102 |
| Minnehaha County, SD | Refinance | 83% | 115 | 96 |
| Minnehaha County, SD | Home improvement loans | 82% | 119 | 95 |
| Scott County, MN | Mortgage lenders | 77% | 30 | 23 |
| Scott County, MN | Refinance | 87% | 23 | 19 |
| Minnehaha County, SD | Cash-out refinance | 69% | 26 | 18 |
The county markets where First Bank & Trust made the most loans. Each link opens that market with every lender ranked.
Questions about First Bank & Trust
What is First Bank & Trust's mortgage approval rate?
First Bank & Trust approved 87.6% of the 1,368 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 5.8 points above the 81.7% national rate for the same mix of loan types.
How often do borrowers take the loan First Bank & Trust offers?
Borrowers accepted 98% of the loans First Bank & Trust approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does First Bank & Trust make?
The typical home purchase mortgage loan First Bank & Trust made was $275K; across all loan types its typical loan ran from $65K to $275K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does First Bank & Trust lend?
First Bank & Trust decided applications in 23 of the states Fat Boy Data covers, most of them in South Dakota, Minnesota and Arizona.
Can I apply to First Bank & Trust directly?
Yes. First Bank & Trust is a bank or credit union with 26 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show First Bank & Trust's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how First Bank & Trust treats applications, then get a rate quote from the lender.