Exchange Bank Mortgage Rates, Fees & Info
Gibbon, NELEI: 2549004ZRHLORHQ9LT73
Tax ID: 47-0153340
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 11/23/24 |
| 30 Year Conventional Refi | 6.51% | 11/23/24 |
| 30 Year Cash-out Refi | 6.76% | 11/23/24 |
| 30 Year VA Purchase | 5.94% | 11/23/24 |
| 15 Year Conventional Purchase | 6.17% | 11/23/24 |
| 15 Year Conventional Refi | 6.20% | 11/23/24 |
| 15 Year Cash-out Refi | 6.20% | 11/23/24 |
| 15 Year VA Purchase | 5.68% | 11/23/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
617Origination Dollar Volume (All Markets)
$164,815,000Awards
Exchange Bank - 2022
Exchange Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
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
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
2022 saw Exchange Bank place emphasis on $100k-200k loans with 227 originations, totaling $33,035,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.03%
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 origination86.71%
Exchange Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 617 | $164,815,000 | $267,123 |