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, Denver, Los Angeles, and Beatrice among others. We have data for 15 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 an above 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% 4/21/24
30 Year Conventional Refi 6.58% 4/21/24
30 Year Cash-out Refi 6.56% 4/21/24
30 Year VA Purchase 6.27% 4/21/24
15 Year Conventional Purchase 6.20% 4/21/24
15 Year Conventional Refi 6.12% 4/21/24
15 Year Cash-out Refi 6.12% 4/21/24
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

704

Origination Dollar Volume (All Markets)

$151,720,000

Employee count

136

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) 610 $122,590,000 $200,967 $1,234 4.29%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 54 $20,280,000 $375,556 $1,275 4.23%
Outside of Metro Areas 21 $4,485,000 $213,571 $1,382 4.63%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,175,000 $391,667 $1,246 4.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $725,000 $725,000 $2,876 3.50%
Beatrice, NE (FHA|USDA|VA) 5 $695,000 $139,000 $474 3.90%
LAWRENCE, KS (FHA|USDA|VA) 2 $480,000 $240,000 $1,052 5.59%
MADISON, WI (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.75%
TUCSON, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $2,755 4.00%
Kearney, NE (FHA|USDA|VA) 1 $165,000 $165,000 $250 4.38%
Yankton, SD (FHA|USDA|VA) 1 $165,000 $165,000 $2,462 4.00%
Fremont, NE (FHA|USDA|VA) 1 $155,000 $155,000 $1,459 4.38%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $145,000 $145,000 $1,394 3.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $145,000 $145,000 $2,342 4.50%
Hastings, NE (FHA|USDA|VA) 1 $45,000 $45,000 $1,680 4.38%
Cornhusker Bank's top markets include Lincoln, Omaha, Denver, Los Angeles, and Beatrice among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Wisconsin (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.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 698 $150,190,000 $215,172 $1,212 4.30%
    VA 5 $1,325,000 $265,000 $4,112 3.45%
    FHA 1 $205,000 $205,000 $5,328 4.25%

    For 2019, Cornhusker Bank's most frequently originated type of loan was Conventional, with 698 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 316 $71,340,000 $225,759 $1,783 4.41%
    Refi 228 $59,290,000 $260,044 $656 4.50%
    Cash Out Refi 74 $18,130,000 $245,000 $1,603 3.88%
    Home Improvement 65 $1,515,000 $23,308 $306 3.10%
    Other 21 $1,445,000 $68,810 $555 5.64%

    For 2019, Cornhusker Bank's most frequently cited loan purpose was Home Purchase, with 316 originations. The 2nd most popular reason was Refi, with 228 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 340 $85,440,000 $251,294 $1,601 4.12%
    Other 130 $19,790,000 $152,231 $451 5.28%
    15 Year 84 $21,020,000 $250,238 $1,306 3.55%
    10 Year 71 $12,215,000 $172,042 $343 3.19%
    5 Year 45 $5,885,000 $130,778 $338 5.61%
    20 Year 23 $4,865,000 $211,522 $1,200 4.26%
    1 Year 7 $2,455,000 $350,714 $395 5.70%
    3 Year 4 $50,000 $12,500 $201 5.14%

    For 2019, Cornhusker Bank's most frequently cited loan duration was 30 Year, with 340 originations. The 2nd most popular length was Other, with 130 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 550 $111,340,000 $202,436
    $1k-2k 8 $2,080,000 $260,000
    $2k-3k 4 $1,730,000 $432,500
    $3k-4k 2 $480,000 $240,000

    Cornhusker Bank's average total fees were $1,601, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 550 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 309 $71,105,000 $230,113
    4-5% 182 $53,910,000 $296,209
    5-6% 148 $20,230,000 $136,689
    6-7% 29 $2,035,000 $70,172
    <2.5% 25 $585,000 $23,400
    2.5-3% 11 $3,855,000 $350,455

    During 2019, Cornhusker Bank's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 3-4%, with 309 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 224 $33,600,000 $150,000 $1,419 4.45%
    $100,000 or less 202 $9,510,000 $47,079 $599 4.50%
    $200k-400k 194 $52,590,000 $271,082 $1,529 4.05%
    $400k-600k 70 $32,510,000 $464,429 $1,354 3.86%
    $1MM+ 8 $19,410,000 $2,426,250 $2,439 4.64%
    $600k-1MM 6 $4,100,000 $683,333 $2,548 4.54%

    2019 saw Cornhusker Bank place emphasis on $100k-200k loans with 224 originations, totaling $33,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 133 $25,235,000 $189,737 $1,147 3.98%
    $150k-250k 111 $28,135,000 $253,468 $1,267 3.98%
    $50k-75k 107 $13,815,000 $129,112 $1,248 4.36%
    $75k-100k 91 $15,135,000 $166,319 $1,308 4.11%
    $250k+ 80 $29,450,000 $368,125 $1,395 4.15%
    $50k or less 74 $6,960,000 $94,054 $1,259 4.27%

    Cornhusker Bank lent most frequently to those with incomes in the $100k-150k range, with 133 originations. The second most popular income band? $150k-250k, with 111 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 196 $38,450,000 $196,173 $1,239 3.89%
    30-36% 123 $23,275,000 $189,228 $1,140 4.25%
    <20% 90 $20,180,000 $224,222 $1,064 3.85%
    36% 21 $3,995,000 $190,238 $1,244 4.63%
    39% 20 $3,190,000 $159,500 $1,308 4.54%
    37% 19 $3,615,000 $190,263 $1,188 3.74%
    42% 18 $3,480,000 $193,333 $1,209 4.29%
    43% 17 $4,145,000 $243,824 $1,472 4.22%
    41% 16 $3,610,000 $225,625 $1,458 4.27%
    44% 15 $3,345,000 $223,000 $2,387 4.17%
    40% 14 $2,120,000 $151,429 $1,132 4.53%
    45% 12 $2,840,000 $236,667 $1,617 4.21%
    46% 9 $2,755,000 $306,111 $1,780 4.08%
    38% 7 $955,000 $136,429 $807 3.76%
    47% 7 $1,565,000 $223,571 $1,598 4.20%
    50-60% 4 $800,000 $200,000 $753 4.68%
    49% 3 $475,000 $158,333 $1,783 3.92%
    48% 2 $250,000 $125,000 $1,414 4.31%
    >60% 2 $150,000 $75,000 $941 4.75%

    Cornhusker Bank lent most frequently to those with DTI ratios of 20-30%, with 196 originations. The next most common DTI ratio? 30-36%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 564 $107,400,000 $190,426 $1,247 4.13%
    Not applicable 79 $29,125,000 $368,671 $0 5.50%
    Not provided 38 $9,710,000 $255,526 $1,300 4.11%
    Asian 18 $3,870,000 $215,000 $1,088 4.62%
    Black 4 $1,130,000 $282,500 $833 4.06%
    Native Hawaiian or Islander 1 $485,000 $485,000 $2,129 4.25%

    Approval Rates

    Total approvals of all applications
    94.80%

    Cornhusker Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.19%

    Cornhusker Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 704 $151,720,000 $215,511

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $205,000 $205,000
    Multifamily:Site-Built 29 $21,945,000 $756,724
    Single Family (1-4 Units):Site-Built 674 $129,570,000 $192,240

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 76 $10,690,000 $140,658 $861 4.90%
    40-60% 119 $24,155,000 $202,983 $1,254 4.31%
    60-80% 248 $74,500,000 $300,403 $1,275 4.25%
    80-100% 163 $38,935,000 $238,865 $1,799 4.27%
    Over 100% 2 $440,000 $220,000 $7,500 4.27%
    Under 20% 96 $3,000,000 $31,250 $309 3.98%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 9 2.3%
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Closing on a mortgage 6 1.6%
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Incorrect information on your report 4 1.0%
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 4 1.0%
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Struggling to pay mortgage 77 19.9%
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Trouble during payment process 84 21.7%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 9 2.3%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Closing on a mortgage 8 2.1%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Incorrect information on your report 8 2.1%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Problem with a credit reporting company's investigation into an existing problem 2 0.5%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Struggling to pay mortgage 54 14.0%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Trouble during payment process 67 17.3%
    CARRINGTON MORTGAGE SERVICES, LLC Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 0.3%
    CARRINGTON MORTGAGE SERVICES, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 1 0.3%
    CARRINGTON MORTGAGE SERVICES, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.3%
    CARRINGTON MORTGAGE SERVICES, LLC Other type of mortgage Closing on a mortgage 2 0.5%
    CARRINGTON MORTGAGE SERVICES, LLC Other type of mortgage Incorrect information on your report 1 0.3%
    CARRINGTON MORTGAGE SERVICES, LLC Other type of mortgage Struggling to pay mortgage 11 2.8%
    CARRINGTON MORTGAGE SERVICES, LLC Other type of mortgage Trouble during payment process 7 1.8%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 3 0.8%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Closing on a mortgage 6 1.6%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Incorrect information on your report 1 0.3%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Struggling to pay mortgage 7 1.8%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Trouble during payment process 14 3.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cornhusker Bank 1101 Cornhusker Highway Lincoln, NE 68521 Full Service B&M $170,327
    Cornhusker Bank 1300 North 27th Street Lincoln, NE 68503 Full Service B&M $18,522
    Cornhusker Bank 1600 North Cotner Lincoln, NE 68505 Full Service B&M $34,031
    Cornhusker Bank 5555 South Street Lincoln, NE 68506 Full Service B&M $54,523
    Cornhusker Bank 5600 Pioneers Boulevard Lincoln, NE 68506 Limited, Drive-thru $2,876
    Cornhusker Bank 5700 Fremont Street Lincoln, NE 68504 Limited, Drive-thru $3,693
    Cornhusker Bank 5701 South 34th Street Ste 100 Lincoln, NE 68516 Full Service B&M $36,822
    Cornhusker Bank 6100 Apple's Way Lincoln, NE 68516 Full Service B&M $38,338
    Cornhusker Bank 7200 Van Dorn Street Lincoln, NE 68506 Limited, Drive-thru $3,044
    Cornhusker Bank 8310 O Street Lincoln, NE 68510 Full Service B&M $157,598

    For 2019, Cornhusker Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,264
    Net interest income $21,447
    Total noninterest income $5,294
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $594
    Trading account gains and fees $0
    Additional Noninterest Income $4,700
    Pre-tax net operating income $6,359
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,115
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,115
    Minority interest net income $0
    Net income $6,115
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,115

    Cornhusker Bank's gross interest income from loans was $27,264,000.
    Cornhusker Bank's net interest income from loans was $21,447,000.
    Cornhusker Bank's fee based income from loans was $594,000.
    Cornhusker Bank's net income from loans was $6,115,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,817
    Provision for credit losses $1,172
    Total noninterest expense $19,210
    Salaries and employee benefits $11,753
    Premises and equipment expense $3,461
    Additional noninterest expense $3,996
    Applicable income taxes $244
    Net charge-offs $261
    Cash dividends $2,800

    Cornhusker Bank's interest expense for loans was $5,817,000.
    Cornhusker Bank's payroll and benefits expense were $11,753,000.
    Cornhusker Bank's property, plant and equipment expenses $3,461,000.

    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 1.0%
    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 $558,515
    Deposits held in domestic offices $558,515
    Deposits by Individuals, partnerships, and corporations $510,168
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $45,091
    Deposits by Commercial banks and other depository institutions in U.S. $3,256
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $138,410
    Demand deposits $138,410
    Nontransaction accounts $420,105
    Money market deposit accounts (MMDAs) $245,823
    Other savings deposits (excluding MMDAs) $53,718
    Total time deposits $120,564
    Total time and savings deposits $420,105
    Noninterest-bearing deposits $85,332
    Interest-bearing deposits $473,183
    Retail deposits $534,451
    IRAs and Keogh plan accounts $15,536
    Brokered deposits $11,160
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $658,357
    Cash & Balances due from depository institutions $51,196
    Interest-bearing balances $36,534
    Total securities $82,572
    Federal funds sold & reverse repurchase $0
    Net loans and leases $489,511
    Loan and leases loss allowance $7,281
    Trading account assets $0
    Bank premises and fixed assets $24,656
    Other real estate owned $0
    Goodwill and other intangibles $2,718
    All other assets $7,704

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $658,357
    Total Liabilities $600,334
    Total deposits $558,515
    Interest-bearing deposits $473,183
    Deposits held in domestic offices $558,515
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $40,731
    Subordinated debt $0
    All other liabilities $1,088

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $489,511
    Loan and leases loss allowance $7,281
    Total loans and leases (domestic) $496,792
    All real estate loans $437,243
    Real estate loans in domestic offices $437,243
    Construction and development loans $55,560
    Residential 1-4 family construction $17,199
    Other construction, all land development and other land $38,361
    Loans secured by nonfarm nonresidential properties $185,177
    Nonfarm nonresidential secured by owner-occupied properties $69,317
    Commercial real estate & other non-farm, non-residential $115,860
    Multifamily residential real estate $45,188
    1-4 family residential loans $135,856
    Farmland loans $15,462
    Loans held in foreign offices $0
    Farm loans $1,699
    Commercial and industrial loans $48,859
    To non-U.S. addressees $0
    Loans to individuals $5,730
    Credit card loans $755
    Related Plans $1,016
    Consumer Auto Loans $2,467
    Other loans to individuals $1,492
    All other loans & leases $3,286
    Loans to foreign governments and official institutions $0
    Other loans $61
    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 $1,374
    Non 1-4 family restructured loans & leases $857
    Total loans and leases (foreign) $0

    CORNHUSKER BANK had $489,511,000 of loans outstanding in 2019. $437,243,000 of loans were in real estate loans. $55,560,000 of loans were in development loans. $45,188,000 of loans were in multifamily mortgage loans. $135,856,000 of loans were in 1-4 family mortgage loans. $1,699,000 of loans were in farm loans. $755,000 of loans were in credit card loans. $2,467,000 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 287 $77,722 $270,808
    Nonfarm, nonresidential loans - <$100k 48 $1,905 $39,688
    Nonfarm, nonresidential loans - $100-250k 94 $14,047 $149,436
    Nonfarm, nonresidential loans - $250k-1MM 145 $61,770 $426,000
    Commercial & Industrial, US addressed loans - <$1MM 448 $36,997 $82,583
    Commercial & Industrial, US addressed loans - <$100k 308 $7,619 $24,737
    Commercial & Industrial, US addressed loans - $100-250k 78 $7,313 $93,756
    Commercial & Industrial, US addressed loans - $250k-1MM 62 $22,065 $355,887
    Farmland loans - <$1MM 30 $4,590 $153,000
    Farmland loans - <$100k 9 $444 $49,333
    Farmland loans - $100-250k 13 $1,573 $121,000
    Farmland loans - $250k-1MM 8 $2,573 $321,625
    Agriculture operations loans - <$1MM 7 $415 $59,286
    Agriculture operations loans - <$100k 6 $131 $21,833
    Agriculture operations loans - $250k-1MM 1 $284 $284,000