Home Federal Savings & Loan Association Of Grand Island Mortgage Rates, Fees & Info
Grand Island, NELEI: 254900IL7D0ACZ6YVF12
Tax ID: 47-0465799
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Home Federal Savings & Loan Association Of Grand Island is a smaller mortgage company specializing in Home Purchase loans. Home Federal Savings & Loan Association Of Grand Island 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Grand Island, Hastings, Lincoln, Kearney, and Omaha among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Home Federal Savings & Loan Association Of Grand Island 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. Home Federal Savings & Loan Association Of Grand Island 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 relatively high 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 | 6.62% | 12/16/24 |
| 30 Year Conventional Refi | 6.45% | 12/16/24 |
| 30 Year Cash-out Refi | 6.80% | 12/16/24 |
| 30 Year FHA Purchase | 7.31% | 12/16/24 |
| 30 Year VA Purchase | 6.50% | 12/16/24 |
| 30 Year USDA Purchase | 6.72% | 12/16/24 |
| 15 Year Conventional Purchase | 6.40% | 12/16/24 |
| 15 Year Conventional Refi | 6.13% | 12/16/24 |
| 15 Year Cash-out Refi | 6.13% | 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. | ||
Home Federal Savings & Loan Association Of Grand Island Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
166Origination Dollar Volume (All Markets)
$25,140,000Awards
Home Federal Savings & Loan Association of Grand Island - 2023
Home Federal Savings & Loan Association of Grand Island is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Home Federal Savings & Loan Association Of Grand Island's average 30 year fixed mortgage rate was
6.73%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.25%.
Relative Fees (Closing Costs)
Home Federal Savings & Loan Association Of Grand Island's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,773.
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 $9,089.
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 |
|---|---|---|---|---|---|
| GRAND ISLAND, NE (FHA|USDA|VA) | 79 | $12,525,000 | $158,544 | $1,569 | 7.36% |
| Outside of Metro Areas | 26 | $2,610,000 | $100,385 | $1,482 | 7.01% |
| Hastings, NE (FHA|USDA|VA) | 23 | $2,605,000 | $113,261 | $1,970 | 7.30% |
| LINCOLN, NE (FHA|USDA|VA) | 10 | $2,320,000 | $232,000 | $2,773 | 6.99% |
| Kearney, NE (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $2,818 | 7.02% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 9 | $1,295,000 | $143,889 | $2,332 | 7.46% |
| Lexington, NE (FHA|USDA|VA) | 8 | $1,060,000 | $132,500 | $2,526 | 7.29% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $6,357 | 6.56% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.50% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.75% |
| North Platte, NE (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Home Federal Savings & Loan Association of Grand Island based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 20
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Similarity Rank: 90
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Similarity Rank: 1080
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Similarity Rank: 2112
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $24,880,000 | $151,707 | $1,840 | 7.27% |
| FHA | 1 | $185,000 | $185,000 | $5,583 | 6.50% |
| USDA | 1 | $75,000 | $75,000 | $0 | 6.88% |
For 2023, Home Federal Savings & Loan Association Of Grand Island's most frequently originated type of loan was Conventional, with 164 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2023, Home Federal Savings & Loan Association Of Grand Island's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Home Improvement, with 25 originations.
Loan Duration/Length
For 2023, Home Federal Savings & Loan Association Of Grand Island's most frequently cited loan duration was 30 Year, with 73 originations. The 2nd most popular length was Other, with 22 originations.
Origination Fees/Closing Costs
Home Federal Savings & Loan Association Of Grand Island's average total fees were $2,773, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 105 originations.
Interest Rates
During 2023, Home Federal Savings & Loan Association Of Grand Island's average interest rate for loans was 6.73%, while their most frequently originated rate bucket for loans was 6-7%, with 56 originations.
Loan Sizing
2023 saw Home Federal Savings & Loan Association Of Grand Island place emphasis on $100,000 or less loans with 73 originations, totaling $3,135,000 in origination value.
Applicant Income
Home Federal Savings & Loan Association Of Grand Island lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $50k-75k, with 30 originations.
Applicant Debt to Income Ratio
Home Federal Savings & Loan Association Of Grand Island lent most frequently to those with DTI ratios of 30-36%, with 24 originations. The next most common DTI ratio? 20-30%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.50%
Home Federal Savings & Loan Association Of Grand Island has an average approval rate.
Pick Rate
Approvals leading to origination87.35%
Home Federal Savings & Loan Association Of Grand Island has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 166 | $25,140,000 | $151,446 |