Home Federal Savings & Loan Association Of Grand Island Mortgage Rates, Fees & Info

Grand Island, NE

LEI: 254900IL7D0ACZ6YVF12

Tax ID: 47-0465799

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Home Federal Savings & Loan Association Of Grand Island is a smaller mortgage company specializing in Home Purchase and Refi loans. Home Federal Savings & Loan Association Of Grand Island has a high proportion of conventional loans. They have a low ratio of USDA 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: Grand Island, Lexington, Lincoln, Hastings, and Omaha among others. We have data for 10 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 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 6.62% 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






    Your Estimates

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    This is not an official calculator from Home Federal Savings & Loan Association Of Grand Island. 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

    364

    Origination Dollar Volume (All Markets)

    $55,810,000

    Employee count

    72

    Awards

    Home Federal Savings & Loan Association of Grand Island 30 Year Conventional Loans gold Home Federal Savings & Loan Association of Grand Island 30 Year Conventional Loans gold Home Federal Savings & Loan Association of Grand Island 30 Year Conventional Loans gold Home Federal Savings & Loan Association of Grand Island 30 Year Conventional Loans bronze
    Show all (4) 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
    GRAND ISLAND, NE (FHA|USDA|VA) 231 $33,735,000 $146,039 $1,383 4.43%
    Lexington, NE (FHA|USDA|VA) 63 $8,255,000 $131,032 $1,915 4.59%
    Outside of Metro Areas 27 $5,245,000 $194,259 $1,570 4.50%
    LINCOLN, NE (FHA|USDA|VA) 13 $2,855,000 $219,615 $1,819 3.83%
    Hastings, NE (FHA|USDA|VA) 15 $2,435,000 $162,333 $2,323 4.59%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 7 $1,595,000 $227,857 $1,828 4.04%
    Kearney, NE (FHA|USDA|VA) 4 $980,000 $245,000 $1,475 4.26%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $395,000 $395,000 $1,954 4.25%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $160,000 $80,000 $2,148 5.63%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $155,000 $155,000 $1,553 3.50%
    Home Federal Savings & Loan Association Of Grand Island's top markets include Grand Island, Lexington, Lincoln, Hastings, and Omaha among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)

    • 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.

    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 72
    Home Federal Savings & Loan Association of Grand Island
    Similarity Rank: 90
    Union Bank and Trust Company
    Similarity Rank: 288
    West Gate Bank
    Similarity Rank: 616
    Pinnacle Bank
    Similarity Rank: 924
    Mortgage Research Center, LLC
    Similarity Rank: 2760
    First National Bank of Omaha
    Similarity Rank: 3120
    MORIA DEVELOPMENT, INC.
    Similarity Rank: 5800
    Gateway First Bank
    Similarity Rank: 6244
    Wells Fargo Bank
    Similarity Rank: 18460

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 333 $51,925,000 $155,931 $1,462 4.50%
    USDA 17 $1,715,000 $100,882 $3,625 3.72%
    FHA 9 $1,215,000 $135,000 $4,158 3.99%
    VA 5 $955,000 $191,000 $2,764 3.60%

    For 2019, Home Federal Savings & Loan Association Of Grand Island's most frequently originated type of loan was Conventional, with 333 originations. Their 2nd most popular type was USDA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 173 $29,915,000 $172,919 $2,229 4.16%
    Refi 98 $16,310,000 $166,429 $1,262 4.24%
    Cash Out Refi 46 $6,710,000 $145,870 $1,228 4.98%
    Home Improvement 25 $1,885,000 $75,400 $922 4.57%
    Other 22 $990,000 $45,000 $532 6.22%

    For 2019, Home Federal Savings & Loan Association Of Grand Island's most frequently cited loan purpose was Home Purchase, with 173 originations. The 2nd most popular reason was Refi, with 98 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 179 $31,035,000 $173,380 $2,049 4.05%
    15 Year 54 $7,250,000 $134,259 $1,669 3.90%
    Other 53 $9,595,000 $181,038 $441 5.50%
    10 Year 29 $1,815,000 $62,586 $653 4.86%
    20 Year 21 $5,255,000 $250,238 $1,710 4.22%
    5 Year 19 $425,000 $22,368 $248 5.56%
    3 Year 6 $80,000 $13,333 $265 5.93%
    1 Year 3 $355,000 $118,333 $114 6.10%

    For 2019, Home Federal Savings & Loan Association Of Grand Island's most frequently cited loan duration was 30 Year, with 179 originations. The 2nd most popular length was 15 Year, with 54 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 312 $43,510,000 $139,455
    $1k-2k 14 $2,140,000 $152,857
    $2k-3k 4 $770,000 $192,500
    $3k-4k 1 $315,000 $315,000

    Home Federal Savings & Loan Association Of Grand Island's average total fees were $2,049, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 312 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 159 $27,015,000 $169,906
    4-5% 100 $20,690,000 $206,900
    5-6% 46 $5,580,000 $121,304
    6-7% 34 $1,090,000 $32,059
    <2.5% 9 $65,000 $7,222
    7-8% 9 $545,000 $60,556
    2.5-3% 4 $660,000 $165,000
    Over 8% 3 $165,000 $55,000

    During 2019, Home Federal Savings & Loan Association Of Grand Island's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 3-4%, with 159 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 142 $20,770,000 $146,268 $1,996 4.15%
    $100,000 or less 135 $6,795,000 $50,333 $808 4.99%
    $200k-400k 80 $20,810,000 $260,125 $1,950 3.99%
    $1MM+ 3 $5,435,000 $1,811,667 $0 4.77%
    $400k-600k 3 $1,365,000 $455,000 $1,915 4.46%
    $600k-1MM 1 $635,000 $635,000 $0 4.95%

    2019 saw Home Federal Savings & Loan Association Of Grand Island place emphasis on $100k-200k loans with 142 originations, totaling $20,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 92 $11,030,000 $119,891 $1,637 4.39%
    $100k-150k 86 $15,730,000 $182,907 $1,564 4.37%
    $50k or less 77 $6,155,000 $79,935 $1,391 4.44%
    $75k-100k 56 $8,280,000 $147,857 $1,531 4.57%
    $150k-250k 23 $5,145,000 $223,696 $1,570 4.34%
    $250k+ 9 $1,645,000 $182,778 $1,610 4.62%

    Home Federal Savings & Loan Association Of Grand Island lent most frequently to those with incomes in the $50k-75k range, with 92 originations. The second most popular income band? $100k-150k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 108 $14,620,000 $135,370 $1,442 4.10%
    30-36% 63 $8,175,000 $129,762 $1,375 4.39%
    <20% 39 $5,635,000 $144,487 $1,548 4.47%
    36% 15 $2,175,000 $145,000 $1,581 4.03%
    37% 13 $1,865,000 $143,462 $2,212 4.42%
    42% 12 $1,600,000 $133,333 $1,421 4.65%
    38% 10 $1,390,000 $139,000 $2,079 5.50%
    41% 10 $1,380,000 $138,000 $2,360 4.40%
    39% 9 $1,335,000 $148,333 $1,691 4.39%
    50-60% 9 $1,085,000 $120,556 $1,444 5.68%
    44% 9 $1,465,000 $162,778 $1,632 4.41%
    40% 9 $1,155,000 $128,333 $1,650 5.02%
    43% 8 $1,220,000 $152,500 $1,333 4.40%
    45% 7 $715,000 $102,143 $1,705 4.76%
    46% 5 $1,015,000 $203,000 $1,723 4.30%
    >60% 4 $1,140,000 $285,000 $1,305 5.20%
    47% 2 $370,000 $185,000 $1,861 4.31%
    48% 2 $290,000 $145,000 $1,828 3.81%
    49% 2 $370,000 $185,000 $1,336 4.75%

    Home Federal Savings & Loan Association Of Grand Island lent most frequently to those with DTI ratios of 20-30%, with 108 originations. The next most common DTI ratio? 30-36%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 330 $46,030,000 $139,485 $1,540 4.43%
    Not applicable 19 $7,305,000 $384,474 $0 4.73%
    Not provided 8 $1,530,000 $191,250 $1,860 3.94%
    Asian 3 $515,000 $171,667 $1,782 4.00%
    American Indian 2 $220,000 $110,000 $2,158 4.50%
    Black 1 $185,000 $185,000 $0 4.00%
    Other Pacific Islander 1 $25,000 $25,000 $414 6.10%

    Approval Rates

    Total approvals of all applications
    93.11%

    Home Federal Savings & Loan Association Of Grand Island has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.89%

    Home Federal Savings & Loan Association Of Grand Island has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 364 $55,810,000 $153,324

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $5,700,000 $1,425,000
    Single Family (1-4 Units):Manufactured 3 $225,000 $75,000
    Single Family (1-4 Units):Site-Built 357 $49,885,000 $139,734

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $2,025,000 $61,364 $950 5.59%
    40-60% 45 $6,095,000 $135,444 $1,431 4.49%
    60-80% 112 $24,800,000 $221,429 $1,600 4.17%
    80-100% 125 $21,135,000 $169,080 $2,380 4.16%
    Over 100% 3 $345,000 $115,000 $3,474 4.46%
    Under 20% 37 $635,000 $17,162 $231 4.79%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Home Federal Savings and Loan Association of Grand Island 201 W 7th Street Lexington, NE 68850 Full Service B&M $12,857
    Home Federal Savings and Loan Association of Grand Island 221 South Locust Street Grand Island, NE 68801 Full Service B&M $93,038
    Home Federal Savings and Loan Association of Grand Island 3311 West Stolley Park Road Grand Island, NE 68803 Full Service B&M $60,633
    Home Federal Savings and Loan Association of Grand Island 3419 West State Street Grand Island, NE 68803 Full Service B&M $58,364
    Home Federal Savings and Loan Association of Grand Island 423 Garfield Holdrege, NE 68949 Full Service B&M $6,938
    Home Federal Savings and Loan Association of Grand Island 454 Central Avenue Superior, NE 68978 Full Service B&M $6,773
    Home Federal Savings and Loan Association of Grand Island 715 West 4th Hastings, NE 68901 Full Service B&M $7,401

    For 2019, Home Federal Savings & Loan Association Of Grand Island had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,130
    Net interest income $10,416
    Total noninterest income $2,541
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $644
    Trading account gains and fees $0
    Additional Noninterest Income $1,897
    Pre-tax net operating income $2,148
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,945
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,945
    Minority interest net income $0
    Net income $1,945
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,945

    Home Federal Savings & Loan Association Of Grand Island's gross interest income from loans was $12,130,000.
    Home Federal Savings & Loan Association Of Grand Island's net interest income from loans was $10,416,000.
    Home Federal Savings & Loan Association Of Grand Island's fee based income from loans was $644,000.
    Home Federal Savings & Loan Association Of Grand Island's net income from loans was $1,945,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,714
    Provision for credit losses $183
    Total noninterest expense $10,626
    Salaries and employee benefits $5,685
    Premises and equipment expense $1,077
    Additional noninterest expense $3,864
    Applicable income taxes $203
    Net charge-offs $-5
    Cash dividends $0

    Home Federal Savings & Loan Association Of Grand Island's interest expense for loans was $1,714,000.
    Home Federal Savings & Loan Association Of Grand Island's payroll and benefits expense were $5,685,000.
    Home Federal Savings & Loan Association Of Grand Island's property, plant and equipment expenses $1,077,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $248,535
    Deposits held in domestic offices $248,535
    Deposits by Individuals, partnerships, and corporations $243,847
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,688
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $159,657
    Demand deposits $142,500
    Nontransaction accounts $88,878
    Money market deposit accounts (MMDAs) $30,066
    Other savings deposits (excluding MMDAs) $5,846
    Total time deposits $52,966
    Total time and savings deposits $106,035
    Noninterest-bearing deposits $44,810
    Interest-bearing deposits $203,725
    Retail deposits $240,993
    IRAs and Keogh plan accounts $16,362
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $292,130
    Cash & Balances due from depository institutions $10,162
    Interest-bearing balances $3,051
    Total securities $70,017
    Federal funds sold & reverse repurchase $1,603
    Net loans and leases $197,960
    Loan and leases loss allowance $3,938
    Trading account assets $0
    Bank premises and fixed assets $4,358
    Other real estate owned $0
    Goodwill and other intangibles $911
    All other assets $7,119

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $292,130
    Total Liabilities $255,906
    Total deposits $248,535
    Interest-bearing deposits $203,725
    Deposits held in domestic offices $248,535
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $7,371

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $197,960
    Loan and leases loss allowance $3,938
    Total loans and leases (domestic) $201,898
    All real estate loans $144,257
    Real estate loans in domestic offices $144,257
    Construction and development loans $9,315
    Residential 1-4 family construction $6,827
    Other construction, all land development and other land $2,488
    Loans secured by nonfarm nonresidential properties $60,816
    Nonfarm nonresidential secured by owner-occupied properties $26,951
    Commercial real estate & other non-farm, non-residential $33,865
    Multifamily residential real estate $17,059
    1-4 family residential loans $45,141
    Farmland loans $11,926
    Loans held in foreign offices $0
    Farm loans $13,123
    Commercial and industrial loans $30,618
    To non-U.S. addressees $0
    Loans to individuals $13,209
    Credit card loans $0
    Related Plans $372
    Consumer Auto Loans $6,593
    Other loans to individuals $6,244
    All other loans & leases $691
    Loans to foreign governments and official institutions $0
    Other loans $691
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Home Federal Savings & Loan Association of Grand Island had $197,960,000 of loans outstanding in 2019. $144,257,000 of loans were in real estate loans. $9,315,000 of loans were in development loans. $17,059,000 of loans were in multifamily mortgage loans. $45,141,000 of loans were in 1-4 family mortgage loans. $13,123,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,593,000 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 106 $23,846 $224,962
    Nonfarm, nonresidential loans - <$100k 32 $1,146 $35,813
    Nonfarm, nonresidential loans - $100-250k 31 $3,920 $126,452
    Nonfarm, nonresidential loans - $250k-1MM 43 $18,780 $436,744
    Commercial & Industrial, US addressed loans - <$1MM 221 $18,475 $83,597
    Commercial & Industrial, US addressed loans - <$100k 145 $3,305 $22,793
    Commercial & Industrial, US addressed loans - $100-250k 37 $3,625 $97,973
    Commercial & Industrial, US addressed loans - $250k-1MM 39 $11,545 $296,026
    Farmland loans - <$1MM 41 $6,212 $151,512
    Farmland loans - <$100k 14 $524 $37,429
    Farmland loans - $100-250k 12 $1,267 $105,583
    Farmland loans - $250k-1MM 15 $4,421 $294,733
    Agriculture operations loans - <$1MM 61 $3,592 $58,885
    Agriculture operations loans - <$100k 45 $1,550 $34,444
    Agriculture operations loans - $100-250k 13 $1,141 $87,769
    Agriculture operations loans - $250k-1MM 3 $901 $300,333