Cornhusker Bank Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 254900EQ47K76CF2A976

Tax ID: 47-0157560

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Cornhusker Bank is a smaller bank specializing in Home Purchase loans. Cornhusker Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lincoln, Omaha, Phoenix, Wichita, and Denver among others. We have data for 19 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.

    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 6.72% 12/16/24
    30 Year Conventional Refi 6.58% 12/16/24
    30 Year Cash-out Refi 6.56% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 6.20% 12/16/24
    15 Year Conventional Refi 6.12% 12/16/24
    15 Year Cash-out Refi 6.12% 12/16/24
    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

    524

    Origination Dollar Volume (All Markets)

    $212,800,000

    Awards

    CORNHUSKER BANK 30 Year Conventional Loans gold CORNHUSKER BANK 30 Year Conventional Loans gold
    Show all (2) 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) 395 $152,575,000 $386,266 $1,721 4.77%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 92 $35,420,000 $385,000 $2,248 5.02%
    Outside of Metro Areas 15 $12,575,000 $838,333 $1,699 5.03%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $4,290,000 $2,145,000 $20,747 4.31%
    WICHITA, KS (FHA|USDA|VA) 1 $2,515,000 $2,515,000 $0 4.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,220,000 $610,000 $4,176 3.94%
    Beatrice, NE (FHA|USDA|VA) 5 $755,000 $151,000 $1,647 4.38%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $715,000 $715,000 $42 3.75%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $665,000 $665,000 $5,750 4.38%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $565,000 $565,000 $3,825 3.63%
    Spearfish, SD (FHA|USDA|VA) 1 $435,000 $435,000 $0 4.63%
    BOULDER, CO (FHA|USDA|VA) 1 $285,000 $285,000 $2,590 3.13%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,259 5.50%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $362 4.50%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $135,000 $135,000 $2,803 4.75%
    Norfolk, NE (FHA|USDA|VA) 1 $135,000 $135,000 $1,689 5.25%
    TUCSON, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.25%
    Hastings, NE (FHA|USDA|VA) 1 $35,000 $35,000 $828 6.66%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $15,000 $15,000 $392 7.95%
    Cornhusker Bank's top markets include Lincoln, Omaha, Phoenix, Wichita, and Denver among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Kansas (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: 91
    METRO CU
    Similarity Rank: 176
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 225
    Cobalt Credit Union
    Similarity Rank: 330
    Equitable Bank
    Similarity Rank: 714
    Five Points Bank
    Similarity Rank: 720
    First State Bank
    Similarity Rank: 720
    First Nebraska Bank
    Similarity Rank: 836
    LIBERTY FIRST
    Similarity Rank: 1260
    CORNHUSKER BANK
    Similarity Rank: 1292

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 524 $212,800,000 $406,107 $1,851 4.81%

    For 2022, Cornhusker Bank's most frequently originated type of loan was Conventional, with 524 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 310 $160,370,000 $517,323 $2,346 4.92%
    Refi 124 $36,890,000 $297,500 $1,038 4.67%
    Cash Out Refi 36 $7,570,000 $210,278 $2,108 4.01%
    Home Improvement 33 $6,195,000 $187,727 $514 4.87%
    Other 21 $1,775,000 $84,524 $614 5.43%

    For 2022, Cornhusker Bank's most frequently cited loan purpose was Home Purchase, with 310 originations. The 2nd most popular reason was Refi, with 124 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 191 $66,665,000 $349,031 $2,487 4.72%
    Other 115 $71,525,000 $621,957 $452 5.22%
    5 Year 89 $42,285,000 $475,112 $410 5.00%
    15 Year 53 $17,555,000 $331,226 $1,858 3.84%
    1 Year 28 $6,570,000 $234,643 $1,197 5.60%
    10 Year 28 $4,430,000 $158,214 $339 4.48%
    20 Year 17 $3,635,000 $213,824 $1,512 4.27%
    3 Year 3 $135,000 $45,000 $564 5.44%

    For 2022, Cornhusker Bank's most frequently cited loan duration was 30 Year, with 191 originations. The 2nd most popular length was Other, with 115 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 300 $70,460,000 $234,867
    $1k-2k 21 $9,485,000 $451,667
    $2k-3k 9 $4,265,000 $473,889
    $3k-4k 2 $2,110,000 $1,055,000
    $5k+ 2 $4,510,000 $2,255,000
    $4k-5k 1 $305,000 $305,000

    Cornhusker Bank's average total fees were $2,487, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 300 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 174 $79,140,000 $454,828
    5-6% 153 $44,585,000 $291,405
    3-4% 111 $71,065,000 $640,225
    6-7% 44 $7,140,000 $162,273
    2.5-3% 22 $6,550,000 $297,727
    7-8% 16 $2,660,000 $166,250
    <2.5% 3 $1,455,000 $485,000
    Over 8% 1 $205,000 $205,000

    During 2022, Cornhusker Bank's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 171 $47,155,000 $275,760 $1,972 4.76%
    $100k-200k 134 $20,180,000 $150,597 $1,628 4.85%
    $100,000 or less 110 $5,660,000 $51,455 $708 5.23%
    $400k-600k 55 $25,865,000 $470,273 $2,620 4.62%
    $600k-1MM 32 $22,180,000 $693,125 $2,954 4.20%
    $1MM+ 22 $91,760,000 $4,170,909 $8,383 4.34%

    2022 saw Cornhusker Bank place emphasis on $200k-400k loans with 171 originations, totaling $47,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 82 $21,770,000 $265,488 $1,852 4.68%
    $150k-250k 70 $25,050,000 $357,857 $1,990 4.78%
    $250k+ 64 $30,960,000 $483,750 $2,354 4.49%
    $50k-75k 53 $9,165,000 $172,925 $1,895 4.80%
    $75k-100k 52 $9,900,000 $190,385 $1,691 4.84%
    $50k or less 46 $6,060,000 $131,739 $1,295 5.03%

    Cornhusker Bank lent most frequently to those with incomes in the $100k-150k range, with 82 originations. The second most popular income band? $150k-250k, with 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $25,895,000 $297,644 $1,983 4.41%
    30-36% 58 $11,760,000 $202,759 $1,633 5.00%
    <20% 41 $10,875,000 $265,244 $1,572 4.46%
    39% 18 $4,800,000 $266,667 $2,171 4.54%
    44% 17 $4,185,000 $246,176 $2,083 4.90%
    42% 15 $3,225,000 $215,000 $1,623 5.32%
    40% 15 $7,535,000 $502,333 $2,213 4.79%
    >60% 14 $4,010,000 $286,429 $1,372 5.27%
    41% 14 $3,710,000 $265,000 $1,865 4.98%
    46% 14 $5,280,000 $377,143 $2,368 5.04%
    38% 12 $2,850,000 $237,500 $1,926 4.56%
    36% 10 $2,490,000 $249,000 $1,716 4.24%
    37% 9 $2,665,000 $296,111 $1,977 4.65%
    47% 9 $1,455,000 $161,667 $1,472 4.29%
    49% 9 $2,565,000 $285,000 $2,506 5.04%
    45% 8 $2,650,000 $331,250 $1,814 5.11%
    50-60% 8 $2,440,000 $305,000 $1,600 5.49%
    43% 7 $1,625,000 $232,143 $1,971 5.13%
    48% 3 $545,000 $181,667 $1,281 5.21%

    Cornhusker Bank lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 126 $99,320,000 $788,254 $0 4.90%
    White 290 $75,140,000 $259,103 $1,611 4.75%
    Not provided 89 $34,605,000 $388,820 $2,561 4.88%
    Asian 11 $2,295,000 $208,636 $1,723 5.12%
    Black 7 $1,395,000 $199,286 $2,358 4.54%
    American Indian 1 $45,000 $45,000 $231 5.08%

    Approval Rates

    Total approvals of all applications
    98.51%

    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
    89.31%

    Cornhusker Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 524 $212,800,000 $406,107

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    524 $212,800,000 $406,107

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $14,310,000 $246,724 $1,099 4.90%
    40-60% 64 $18,050,000 $282,031 $1,708 4.67%
    60-80% 212 $136,130,000 $642,123 $2,236 4.66%
    80-100% 129 $40,435,000 $313,450 $2,527 4.89%
    Over 100% 1 $305,000 $305,000 $437 4.50%
    Under 20% 60 $3,570,000 $59,500 $483 5.26%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    CARRINGTON MORTGAGE SERVICES, LLC Conventional home mortgage Struggling to pay mortgage 1 25.0%
    CARRINGTON MORTGAGE SERVICES, LLC FHA mortgage Struggling to pay mortgage 1 25.0%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    CARRINGTON MORTGAGE SERVICES, LLC VA mortgage Trouble during payment process 1 25.0%