Firstbank Of Nebraska Mortgage Rates, Fees & Info
Wahoo, NELEI: 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
182Origination Dollar Volume (All Markets)
$30,420,000Top 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% |
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
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
2022 saw Firstbank Of Nebraska place emphasis on $100k-200k loans with 65 originations, totaling $9,905,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications97.00%
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 origination93.41%
Firstbank Of Nebraska has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 182 | $30,420,000 | $167,143 |
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% |