Cornhusker Bank Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 254900EQ47K76CF2A976

Tax ID: 47-0157560

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Mortgage Data

Bank Data

Review & Overview

Cornhusker Bank is a smaller bank specializing in Home Purchase and Refi loans. Cornhusker Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Lincoln, Omaha, Chicago, Phoenix, and Fort Collins among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cornhusker 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. Cornhusker Bank is typically a low 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.72% 4/18/24
30 Year Conventional Refi 6.58% 4/18/24
30 Year Cash-out Refi 6.56% 4/18/24
30 Year VA Purchase 6.27% 4/18/24
15 Year Conventional Purchase 6.20% 4/18/24
15 Year Conventional Refi 6.12% 4/18/24
15 Year Cash-out Refi 6.12% 4/18/24
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.

Cornhusker Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Cornhusker 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

585

Origination Dollar Volume (All Markets)

$115,255,000

Employee count

137

Awards

CORNHUSKER BANK 30 Year Conventional Loans gold CORNHUSKER BANK 30 Year Conventional Loans gold CORNHUSKER BANK 30 Year Conventional Loans gold
Show all (3) awards

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
LINCOLN, NE (FHA|USDA|VA) 492 $92,110,000 $187,215 $1,289 4.75%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 66 $13,210,000 $200,152 $1,350 5.01%
Outside of Metro Areas 13 $5,185,000 $398,846 $1,403 4.56%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $1,325,000 $1,325,000 $0 4.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,185,000 $1,185,000 $6,745 4.75%
FORT COLLINS, CO (FHA|USDA|VA) 1 $905,000 $905,000 $0 4.99%
GRAND ISLAND, NE (FHA|USDA|VA) 2 $410,000 $205,000 $1,696 4.31%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $235,000 $235,000 $9,386 4.38%
Columbus, NE (FHA|USDA|VA) 1 $175,000 $175,000 $1,991 4.75%
Kearney, NE (FHA|USDA|VA) 1 $165,000 $165,000 $1,620 4.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $135,000 $135,000 $304 5.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
North Platte, NE (FHA|USDA|VA) 1 $55,000 $55,000 $2,211 4.38%
Beatrice, NE (FHA|USDA|VA) 3 $55,000 $18,333 $289 3.50%
Cornhusker Bank's top markets include Lincoln, Omaha, Chicago, Phoenix, and Fort Collins among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Similar Lenders

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

    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 162
    CHARTER WEST BANK
    Similarity Rank: 246
    Washington County Bank
    Similarity Rank: 255
    Central National Bank
    Similarity Rank: 290
    MUTUAL FIRST
    Similarity Rank: 297
    First State Bank
    Similarity Rank: 312
    LIBERTY FIRST
    Similarity Rank: 450
    Cobalt Credit Union
    Similarity Rank: 465
    CORNHUSKER BANK
    Similarity Rank: 616
    Lincoln FSB of Nebraska
    Similarity Rank: 855

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 580 $114,100,000 $196,724 $1,283 4.77%
    VA 3 $675,000 $225,000 $4,126 4.21%
    FHA 2 $480,000 $240,000 $6,213 4.25%

    For 2018, Cornhusker Bank's most frequently originated type of loan was Conventional, with 580 originations. Their 2nd most popular type was VA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 322 $71,720,000 $222,733 $1,668 4.68%
    Refi 152 $29,520,000 $194,211 $950 5.07%
    Home Improvement 60 $7,660,000 $127,667 $288 4.19%
    Cash Out Refi 30 $5,150,000 $171,667 $1,627 4.60%
    Other 21 $1,205,000 $57,381 $512 5.55%

    For 2018, Cornhusker Bank's most frequently cited loan purpose was Home Purchase, with 322 originations. The 2nd most popular reason was Refi, with 152 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 275 $61,695,000 $224,345 $1,712 4.67%
    Other 135 $20,085,000 $148,778 $511 5.36%
    10 Year 58 $4,350,000 $75,000 $272 3.71%
    5 Year 54 $9,530,000 $176,481 $326 5.20%
    15 Year 45 $11,485,000 $255,222 $1,389 4.24%
    20 Year 9 $1,145,000 $127,222 $1,729 4.97%
    1 Year 5 $485,000 $97,000 $326 5.25%
    3 Year 4 $6,480,000 $1,620,000 $280 5.11%

    For 2018, Cornhusker Bank's most frequently cited loan duration was 30 Year, with 275 originations. The 2nd most popular length was Other, with 135 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 403 $68,385,000 $169,690
    $1k-2k 17 $4,775,000 $280,882
    $2k-3k 2 $1,320,000 $660,000

    Cornhusker Bank's average total fees were $1,712, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 403 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 320 $70,900,000 $221,563
    5-6% 173 $29,795,000 $172,225
    3-4% 78 $13,980,000 $179,231
    6-7% 9 $545,000 $60,556
    <2.5% 5 $35,000 $7,000

    During 2018, Cornhusker Bank's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 320 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 204 $29,980,000 $146,961 $1,471 4.85%
    $100,000 or less 203 $10,015,000 $49,335 $556 4.78%
    $200k-400k 130 $34,920,000 $268,615 $1,790 4.65%
    $400k-600k 33 $14,505,000 $439,545 $1,733 4.58%
    $1MM+ 11 $22,665,000 $2,060,455 $5,009 4.71%
    $600k-1MM 4 $3,170,000 $792,500 $2,561 4.50%

    2018 saw Cornhusker Bank place emphasis on $100k-200k loans with 204 originations, totaling $29,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 107 $13,505,000 $126,215 $1,337 4.66%
    $100k-150k 103 $18,775,000 $182,282 $1,333 4.67%
    $75k-100k 76 $10,640,000 $140,000 $1,265 4.57%
    $50k or less 73 $7,515,000 $102,945 $1,256 4.80%
    $150k-250k 65 $12,835,000 $197,462 $1,205 4.74%
    $250k+ 44 $18,730,000 $425,682 $1,767 4.58%

    Cornhusker Bank lent most frequently to those with incomes in the $50k-75k range, with 107 originations. The second most popular income band? $100k-150k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 127 $23,685,000 $186,496 $1,217 4.68%
    30-36% 86 $13,470,000 $156,628 $1,190 4.75%
    <20% 54 $9,790,000 $181,296 $1,149 4.50%
    42% 23 $4,275,000 $185,870 $1,557 4.93%
    38% 20 $2,500,000 $125,000 $1,273 4.34%
    40% 20 $2,960,000 $148,000 $1,566 4.55%
    36% 18 $2,930,000 $162,778 $1,205 4.83%
    44% 15 $3,535,000 $235,667 $1,692 4.43%
    43% 14 $2,620,000 $187,143 $1,975 4.46%
    45% 14 $2,670,000 $190,714 $1,032 4.71%
    37% 13 $2,455,000 $188,846 $1,227 4.63%
    39% 13 $2,475,000 $190,385 $1,671 4.77%
    41% 12 $2,370,000 $197,500 $1,655 4.74%
    46% 9 $1,575,000 $175,000 $1,766 4.60%
    47% 7 $1,595,000 $227,857 $1,818 4.57%
    48% 5 $745,000 $149,000 $2,342 3.93%
    49% 5 $1,335,000 $267,000 $1,714 4.42%
    >60% 3 $315,000 $105,000 $417 5.22%
    50-60% 1 $145,000 $145,000 $1,646 4.63%

    Cornhusker Bank lent most frequently to those with DTI ratios of 20-30%, with 127 originations. The next most common DTI ratio? 30-36%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 440 $79,900,000 $181,591 $1,308 4.70%
    Not applicable 89 $24,325,000 $273,315 $0 5.23%
    Not provided 33 $7,265,000 $220,152 $1,619 4.35%
    Asian 14 $2,360,000 $168,571 $1,385 4.87%
    Black 6 $810,000 $135,000 $803 4.71%
    American Indian 2 $470,000 $235,000 $1,893 4.44%
    Vietnamese 1 $125,000 $125,000 $552 4.88%

    Approval Rates

    Total approvals of all applications
    98.18%

    Cornhusker 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
    89.23%

    Cornhusker Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 585 $115,255,000 $197,017

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $235,000 $235,000
    Multifamily:Site-Built 30 $20,480,000 $682,667
    Single Family (1-4 Units):Manufactured 2 $260,000 $130,000
    Single Family (1-4 Units):Site-Built 552 $94,280,000 $170,797

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $8,475,000 $138,934 $746 4.99%
    40-60% 62 $14,300,000 $230,645 $1,177 4.90%
    60-80% 212 $52,710,000 $248,632 $1,523 4.81%
    80-100% 162 $36,870,000 $227,593 $1,873 4.74%
    Over 100% 3 $595,000 $198,333 $5,390 4.79%
    Under 20% 85 $2,305,000 $27,118 $289 4.43%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 7 1.7%
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Closing on a mortgage 3 0.7%
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Incorrect information on your report 5 1.2%
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.2%
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Struggling to pay mortgage 100 23.7%
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Trouble during payment process 81 19.2%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 5 1.2%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Closing on a mortgage 5 1.2%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Incorrect information on your report 4 0.9%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Problem with a credit reporting company's investigation into an existing problem 4 0.9%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Struggling to pay mortgage 58 13.7%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Trouble during payment process 72 17.1%
    CARRINGTON MORTGAGE SERVICES, LLC Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 0.5%
    CARRINGTON MORTGAGE SERVICES, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 2 0.5%
    CARRINGTON MORTGAGE SERVICES, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.2%
    CARRINGTON MORTGAGE SERVICES, LLC Other type of mortgage Struggling to pay mortgage 26 6.2%
    CARRINGTON MORTGAGE SERVICES, LLC Other type of mortgage Trouble during payment process 20 4.7%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.2%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Closing on a mortgage 3 0.7%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Struggling to pay mortgage 12 2.8%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Trouble during payment process 10 2.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cornhusker Bank 1101 Cornhusker Highway Lincoln, NE 68521 Full Service B&M $173,759
    Cornhusker Bank 1300 North 27th Street Lincoln, NE 68503 Full Service B&M $17,751
    Cornhusker Bank 1600 North Cotner Lincoln, NE 68505 Full Service B&M $37,447
    Cornhusker Bank 5555 South Street Lincoln, NE 68506 Full Service B&M $54,007
    Cornhusker Bank 5600 Pioneers Boulevard Lincoln, NE 68506 Limited, Drive-thru $2,988
    Cornhusker Bank 5700 Fremont Street Lincoln, NE 68504 Limited, Drive-thru $4,268
    Cornhusker Bank 5701 South 34th Street Ste 100 Lincoln, NE 68516 Full Service B&M $36,719
    Cornhusker Bank 6100 Apple's Way Lincoln, NE 68516 Full Service B&M $39,337
    Cornhusker Bank 7200 Van Dorn Street Lincoln, NE 68506 Limited, Drive-thru $3,697
    Cornhusker Bank 8310 O Street Lincoln, NE 68510 Full Service B&M $143,735

    For 2018, Cornhusker Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,130
    Net interest income $19,822
    Total noninterest income $4,684
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $672
    Trading account gains and fees $0
    Additional Noninterest Income $4,012
    Pre-tax net operating income $6,348
    Securities gains (or losses, -) $4
    Income before extraordinary items $6,112
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,112
    Minority interest net income $0
    Net income $6,112
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,108

    Cornhusker Bank's gross interest income from loans was $24,130,000.
    Cornhusker Bank's net interest income from loans was $19,822,000.
    Cornhusker Bank's fee based income from loans was $672,000.
    Cornhusker Bank's net income from loans was $6,112,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,308
    Provision for credit losses $237
    Total noninterest expense $17,921
    Salaries and employee benefits $11,195
    Premises and equipment expense $3,672
    Additional noninterest expense $3,054
    Applicable income taxes $240
    Net charge-offs $355
    Cash dividends $450

    Cornhusker Bank's interest expense for loans was $4,308,000.
    Cornhusker Bank's payroll and benefits expense were $11,195,000.
    Cornhusker Bank's property, plant and equipment expenses $3,672,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $530,627
    Deposits held in domestic offices $530,627
    Deposits by Individuals, partnerships, and corporations $484,059
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $42,138
    Deposits by Commercial banks and other depository institutions in U.S. $4,430
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $119,378
    Demand deposits $119,378
    Nontransaction accounts $411,249
    Money market deposit accounts (MMDAs) $211,143
    Other savings deposits (excluding MMDAs) $52,977
    Total time deposits $147,129
    Total time and savings deposits $411,249
    Noninterest-bearing deposits $87,824
    Interest-bearing deposits $442,803
    Retail deposits $510,396
    IRAs and Keogh plan accounts $14,757
    Brokered deposits $9,721
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $609,929
    Cash & Balances due from depository institutions $7,295
    Interest-bearing balances $42
    Total securities $89,583
    Federal funds sold & reverse repurchase $0
    Net loans and leases $477,308
    Loan and leases loss allowance $6,370
    Trading account assets $0
    Bank premises and fixed assets $25,150
    Other real estate owned $0
    Goodwill and other intangibles $2,697
    All other assets $7,896

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $609,929
    Total Liabilities $557,200
    Total deposits $530,627
    Interest-bearing deposits $442,803
    Deposits held in domestic offices $530,627
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $25,469
    Subordinated debt $0
    All other liabilities $1,104

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $477,308
    Loan and leases loss allowance $6,370
    Total loans and leases (domestic) $483,678
    All real estate loans $422,117
    Real estate loans in domestic offices $422,117
    Construction and development loans $41,566
    Residential 1-4 family construction $16,623
    Other construction, all land development and other land $24,943
    Loans secured by nonfarm nonresidential properties $178,730
    Nonfarm nonresidential secured by owner-occupied properties $70,748
    Commercial real estate & other non-farm, non-residential $107,982
    Multifamily residential real estate $53,261
    1-4 family residential loans $139,394
    Farmland loans $9,166
    Loans held in foreign offices $0
    Farm loans $4,930
    Commercial and industrial loans $50,118
    To non-U.S. addressees $0
    Loans to individuals $6,509
    Credit card loans $651
    Related Plans $504
    Consumer Auto Loans $3,486
    Other loans to individuals $1,868
    All other loans & leases $38
    Loans to foreign governments and official institutions $0
    Other loans $38
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $222
    Non 1-4 family restructured loans & leases $85
    Total loans and leases (foreign) $0

    CORNHUSKER BANK had $477,308,000 of loans outstanding in 2018. $422,117,000 of loans were in real estate loans. $41,566,000 of loans were in development loans. $53,261,000 of loans were in multifamily mortgage loans. $139,394,000 of loans were in 1-4 family mortgage loans. $4,930,000 of loans were in farm loans. $651,000 of loans were in credit card loans. $3,486,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 265 $74,272 $280,272
    Nonfarm, nonresidential loans - <$100k 37 $1,629 $44,027
    Nonfarm, nonresidential loans - $100-250k 97 $14,274 $147,155
    Nonfarm, nonresidential loans - $250k-1MM 131 $58,369 $445,565
    Commercial & Industrial, US addressed loans - <$1MM 479 $33,769 $70,499
    Commercial & Industrial, US addressed loans - <$100k 323 $7,588 $23,492
    Commercial & Industrial, US addressed loans - $100-250k 98 $9,923 $101,255
    Commercial & Industrial, US addressed loans - $250k-1MM 58 $16,258 $280,310
    Farmland loans - <$1MM 23 $3,744 $162,783
    Farmland loans - <$100k 8 $435 $54,375
    Farmland loans - $100-250k 10 $1,499 $149,900
    Farmland loans - $250k-1MM 5 $1,810 $362,000
    Agriculture operations loans - <$1MM 13 $1,418 $109,077
    Agriculture operations loans - <$100k 7 $112 $16,000
    Agriculture operations loans - $100-250k 3 $366 $122,000
    Agriculture operations loans - $250k-1MM 3 $940 $313,333