Exchange Bank Mortgage Rates, Fees & Info

Gibbon, NE

LEI: 2549004ZRHLORHQ9LT73

Tax ID: 47-0153340

5 stars - Updated: 2/25/24 - out of 5 stars, based on 25 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Exchange Bank is a smaller bank specializing in Home Purchase and Refi loans. Exchange Bank has a high proportion of conventional loans. Their top markets by origination volume include: Manhattan, Omaha, Grand Island, Lincoln, and Glenwood Springs among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

Exchange Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Exchange Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.61% 2/25/24
30 Year Conventional Refi 6.51% 2/25/24
30 Year Cash-out Refi 6.76% 2/25/24
30 Year VA Purchase 5.94% 2/25/24
15 Year Conventional Purchase 6.17% 2/25/24
15 Year Conventional Refi 6.20% 2/25/24
15 Year Cash-out Refi 6.20% 2/25/24
15 Year VA Purchase 5.68% 2/25/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Exchange Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Exchange Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

617

Origination Dollar Volume (All Markets)

$164,815,000
Show all (11) awards

Relative Rate

Exchange Bank's average 30 year fixed mortgage rate was 4.73%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.03%.

Relative Fees (Closing Costs)

Exchange Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,951.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
MANHATTAN, KS (FHA|USDA|VA) 110 $34,700,000 $315,455 $6,345 4.78%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 126 $32,530,000 $258,175 $3,304 5.44%
GRAND ISLAND, NE (FHA|USDA|VA) 106 $23,810,000 $224,623 $1,906 5.24%
LINCOLN, NE (FHA|USDA|VA) 80 $20,040,000 $250,500 $2,150 5.29%
Glenwood Springs, CO (FHA|USDA|VA) 2 $19,580,000 $9,790,000 $0 7.25%
Outside of Metro Areas 45 $8,975,000 $199,444 $2,362 5.27%
Kearney, NE (FHA|USDA|VA) 56 $8,680,000 $155,000 $1,570 5.13%
Salina, KS (FHA|USDA|VA) 57 $7,695,000 $135,000 $1,801 5.70%
Hutchinson, KS (FHA|USDA|VA) 1 $1,955,000 $1,955,000 $0 5.20%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,240,000 $206,667 $2,383 5.92%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $965,000 $965,000 $0 4.50%
Lexington, NE (FHA|USDA|VA) 5 $935,000 $187,000 $1,695 5.57%
Hastings, NE (FHA|USDA|VA) 8 $850,000 $106,250 $2,039 5.89%
TOPEKA, KS (FHA|USDA|VA) 2 $400,000 $200,000 $2,096 5.60%
Yankton, SD (FHA|USDA|VA) 1 $375,000 $375,000 $2,808 5.25%
OCALA, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,447 5.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,220 6.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.35%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.50%
Fremont, NE (FHA|USDA|VA) 2 $210,000 $105,000 $0 4.13%
DeRidder, LA (FHA|USDA|VA) 1 $195,000 $195,000 $9,441 4.50%
McPherson, KS (FHA|USDA|VA) 1 $185,000 $185,000 $2,351 7.55%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $7,098 3.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.75%
Carroll, IA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.00%
Exchange Bank's top markets include Manhattan, Omaha, Grand Island, Lincoln, and Glenwood Springs among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Exchange Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bank of the Flint Hills
    Similarity Rank: 150
    West Gate Bank
    Similarity Rank: 610
    MERITRUST Federal Credit Union
    Similarity Rank: 645
    Central National Bank
    Similarity Rank: 832
    Exchange Bank
    Similarity Rank: 900
    KS StateBank
    Similarity Rank: 1150
    Landmark National Bank
    Similarity Rank: 1634
    Capitol Federal Savings Bank
    Similarity Rank: 1649

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 524 $144,190,000 $275,172 $2,287 5.40%
    VA 93 $20,625,000 $221,774 $6,793 4.49%

    For 2022, Exchange Bank's most frequently originated type of loan was Conventional, with 524 originations. Their 2nd most popular type was VA, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 445 $123,475,000 $277,472 $4,312 5.21%
    Refi 142 $37,790,000 $266,127 $1,787 5.48%
    Home Improvement 12 $690,000 $57,500 $490 5.28%
    Other 11 $1,595,000 $145,000 $1,913 5.41%
    Cash Out Refi 7 $1,265,000 $180,714 $1,986 3.79%

    For 2022, Exchange Bank's most frequently cited loan purpose was Home Purchase, with 445 originations. The 2nd most popular reason was Refi, with 142 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 227 $56,385,000 $248,392 $958 5.24%
    30 Year 174 $38,510,000 $221,322 $4,951 4.73%
    Other 148 $36,950,000 $249,662 $1,963 5.82%
    1 Year 25 $23,675,000 $947,000 $1,949 5.61%
    20 Year 21 $4,645,000 $221,190 $1,967 6.25%
    15 Year 11 $1,245,000 $113,182 $2,134 5.12%
    10 Year 7 $2,275,000 $325,000 $452 2.71%
    3 Year 4 $1,130,000 $282,500 $0 6.73%

    For 2022, Exchange Bank's most frequently cited loan duration was 5 Year, with 227 originations. The 2nd most popular length was 30 Year, with 174 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 253 $49,895,000 $197,213
    $1k-2k 8 $1,440,000 $180,000
    $5k+ 6 $1,750,000 $291,667
    $2k-3k 5 $1,245,000 $249,000
    $3k-4k 3 $1,335,000 $445,000
    $4k-5k 3 $735,000 $245,000

    Exchange Bank's average total fees were $4,951, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 253 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 197 $50,785,000 $257,792
    5-6% 179 $42,005,000 $234,665
    6-7% 107 $22,845,000 $213,505
    3-4% 72 $19,700,000 $273,611
    7-8% 41 $26,275,000 $640,854
    <2.5% 9 $1,065,000 $118,333
    2.5-3% 9 $1,895,000 $210,556
    Over 8% 3 $245,000 $81,667

    During 2022, Exchange Bank's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 197 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 227 $33,035,000 $145,529 $3,553 5.33%
    $200k-400k 189 $50,655,000 $268,016 $4,911 4.96%
    $100,000 or less 149 $9,765,000 $65,537 $1,548 5.54%
    $400k-600k 30 $14,020,000 $467,333 $4,070 5.28%
    $1MM+ 16 $52,990,000 $3,311,875 $1,138 5.12%
    $600k-1MM 6 $4,350,000 $725,000 $0 5.71%

    2022 saw Exchange Bank place emphasis on $100k-200k loans with 227 originations, totaling $33,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 100 $16,500,000 $165,000 $3,568 5.10%
    $50k or less 87 $10,985,000 $126,264 $3,346 5.40%
    $75k-100k 69 $13,865,000 $200,942 $4,204 5.05%
    $100k-150k 63 $14,315,000 $227,222 $4,993 5.30%
    $150k-250k 43 $9,645,000 $224,302 $3,005 5.14%
    $250k+ 21 $6,665,000 $317,381 $2,036 5.25%

    Exchange Bank lent most frequently to those with incomes in the $50k-75k range, with 100 originations. The second most popular income band? $50k or less, with 87 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 61 $11,005,000 $180,410 $3,423 5.00%
    30-36% 43 $8,215,000 $191,047 $3,538 5.14%
    <20% 30 $6,670,000 $222,333 $3,146 4.94%
    50-60% 21 $4,475,000 $213,095 $6,608 4.66%
    44% 16 $3,410,000 $213,125 $3,990 5.76%
    38% 13 $3,025,000 $232,692 $3,616 5.27%
    42% 12 $2,400,000 $200,000 $2,993 5.33%
    36% 11 $2,145,000 $195,000 $4,017 4.97%
    40% 11 $2,175,000 $197,727 $2,282 5.08%
    45% 10 $1,970,000 $197,000 $4,547 5.15%
    39% 9 $2,075,000 $230,556 $4,281 4.91%
    43% 9 $1,975,000 $219,444 $4,729 5.16%
    41% 8 $1,560,000 $195,000 $2,922 4.90%
    >60% 6 $1,310,000 $218,333 $3,580 4.58%
    48% 5 $1,215,000 $243,000 $4,275 5.12%
    49% 5 $1,205,000 $241,000 $4,307 4.60%
    37% 5 $715,000 $143,000 $2,592 4.17%
    46% 4 $870,000 $217,500 $4,838 4.87%
    47% 1 $285,000 $285,000 $4,447 5.00%

    Exchange Bank lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 231 $92,215,000 $399,199 $0 5.37%
    White 313 $58,085,000 $185,575 $3,598 5.20%
    Not provided 38 $5,840,000 $153,684 $3,209 5.53%
    Black 19 $4,875,000 $256,579 $5,742 4.73%
    Asian 13 $3,105,000 $238,846 $5,034 5.08%
    American Indian 2 $460,000 $230,000 $6,280 4.55%
    Native Hawaiian or Islander 1 $235,000 $235,000 $11,055 4.50%

    Approval Rates

    Total approvals of all applications
    96.03%

    Exchange Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.71%

    Exchange Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 617 $164,815,000 $267,123

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    617 $164,815,000 $267,123

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $11,945,000 $217,182 $1,402 5.69%
    40-60% 72 $37,300,000 $518,056 $1,951 5.31%
    60-80% 191 $45,535,000 $238,403 $2,409 5.36%
    80-100% 205 $49,755,000 $242,707 $3,754 5.15%
    Over 100% 32 $7,760,000 $242,500 $9,365 4.61%
    Under 20% 62 $12,520,000 $201,935 $413 5.23%