Firstbank Of Nebraska Mortgage Rates, Fees & Info

Wahoo, NE

LEI: 254900PO1C5ZTB4V4859

Tax ID: 47-0326425

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Mortgage Data

Review & Overview

Firstbank Of Nebraska is a smaller bank specializing in Home Purchase loans. Firstbank Of Nebraska has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Omaha, Beatrice, Lincoln, Manhattan, and Fremont among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Firstbank Of Nebraska 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.

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Originations

182

Origination Dollar Volume (All Markets)

$30,420,000

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
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 66 $14,110,000 $213,788 $0 0.00%
Outside of Metro Areas 92 $12,780,000 $138,913 $0 0.00%
Beatrice, NE (FHA|USDA|VA) 12 $1,720,000 $143,333 $0 0.00%
LINCOLN, NE (FHA|USDA|VA) 9 $1,485,000 $165,000 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Fremont, NE (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Firstbank Of Nebraska's top markets include Omaha, Beatrice, Lincoln, Manhattan, and Fremont among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 178 $29,980,000 $168,427 $0 0.00%
    USDA 4 $440,000 $110,000 $0 0.00%

    For 2022, Firstbank Of Nebraska's most frequently originated type of loan was Conventional, with 178 originations. Their 2nd most popular type was USDA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 98 $19,470,000 $198,673 $0 0.00%
    Refi 28 $5,310,000 $189,643 $0 0.00%
    Other 27 $1,535,000 $56,852 $0 0.00%
    Cash Out Refi 18 $3,600,000 $200,000 $0 0.00%
    Home Improvement 11 $505,000 $45,909 $0 0.00%

    For 2022, Firstbank Of Nebraska's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 182 $30,420,000 $167,143 $0 0.00%

    For 2022, Firstbank Of Nebraska's most frequently cited loan duration was Other, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 65 $9,905,000 $152,385 $0 0.00%
    $100,000 or less 62 $3,000,000 $48,387 $0 0.00%
    $200k-400k 45 $12,585,000 $279,667 $0 0.00%
    $400k-600k 9 $4,285,000 $476,111 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2022 saw Firstbank Of Nebraska place emphasis on $100k-200k loans with 65 originations, totaling $9,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $8,750,000 $190,217 $0 0.00%
    $50k-75k 37 $4,575,000 $123,649 $0 0.00%
    $75k-100k 35 $5,895,000 $168,429 $0 0.00%
    $50k or less 27 $2,905,000 $107,593 $0 0.00%
    $150k-250k 21 $4,995,000 $237,857 $0 0.00%
    $250k+ 7 $2,335,000 $333,571 $0 0.00%

    Firstbank Of Nebraska lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $50k-75k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 182 $30,420,000 $167,143 $0 0.00%

    Firstbank Of Nebraska lent most frequently to those with DTI ratios of Exempt%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 173 $29,005,000 $167,659 $0 0.00%
    Not provided 5 $905,000 $181,000 $0 0.00%
    Not applicable 4 $510,000 $127,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.00%

    Firstbank Of Nebraska 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
    93.41%

    Firstbank Of Nebraska has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 182 $30,420,000 $167,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    182 $30,420,000 $167,143

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%