Iowa Nebraska State Bank Mortgage Rates, Fees & Info

South Sioux City, NE

LEI: 5493002JGKI4KPFJMP61

Tax ID: 47-0249910

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

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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)

    • Review & Overview

    Iowa Nebraska State Bank is a smaller bank specializing in Home Purchase and Refi loans. Iowa Nebraska State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sioux City, Sioux Falls, Lincoln, and Fremont among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Iowa Nebraska State Bank has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Iowa Nebraska State 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.

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    Originations

    221

    Origination Dollar Volume (All Markets)

    $24,105,000

    Awards

    Iowa Nebraska State Bank 30 Year Conventional Loans silver Iowa Nebraska State Bank 30 Year Conventional Loans bronze
    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
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 181 $18,945,000 $104,669 $2,182 4.97%
    Outside of Metro Areas 37 $4,735,000 $127,973 $2,056 4.64%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $245,000 $245,000 $4,266 4.63%
    LINCOLN, NE (FHA|USDA|VA) 1 $125,000 $125,000 $2,304 4.63%
    Fremont, NE (FHA|USDA|VA) 1 $55,000 $55,000 $1,827 4.38%
    Iowa Nebraska State Bank's top markets include Sioux City, Sioux Falls, Lincoln, and Fremont among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Iowa Nebraska State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SIOUXLAND FEDERAL CREDIT UNION
    Similarity Rank: 45
    Iowa Nebraska State Bank
    Similarity Rank: 50
    Central Bank
    Similarity Rank: 352
    IOWA BANKERS MORTGAGE CORPORATION
    Similarity Rank: 795
    Great Southern Bank
    Similarity Rank: 1104
    Northwest Bank
    Similarity Rank: 1127
    Plains Commerce Bank
    Similarity Rank: 2592
    GUILD MORTGAGE COMPANY
    Similarity Rank: 2605
    Mortgage Research Center, LLC
    Similarity Rank: 4510
    U.S. Bank
    Similarity Rank: 6568

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 221 $24,105,000 $109,072 $2,168 4.91%

    For 2018, Iowa Nebraska State Bank's most frequently originated type of loan was Conventional, with 221 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 144 $17,740,000 $123,194 $2,603 4.88%
    Refi 52 $5,620,000 $108,077 $1,699 4.65%
    Other 15 $415,000 $27,667 $582 5.67%
    Home Improvement 10 $330,000 $33,000 $789 5.58%

    For 2018, Iowa Nebraska State Bank's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 76 $11,120,000 $146,316 $2,688 4.77%
    Other 46 $5,100,000 $110,870 $2,370 5.13%
    5 Year 36 $2,700,000 $75,000 $749 5.52%
    15 Year 24 $1,950,000 $81,250 $1,793 4.63%
    10 Year 24 $1,780,000 $74,167 $1,436 4.61%
    20 Year 12 $1,410,000 $117,500 $2,384 4.44%
    3 Year 3 $45,000 $15,000 $493 4.50%

    For 2018, Iowa Nebraska State Bank's most frequently cited loan duration was 30 Year, with 76 originations. The 2nd most popular length was Other, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 93 $5,495,000 $59,086
    $1k-2k 81 $11,275,000 $139,198
    $2k-3k 14 $3,230,000 $230,714
    $3k-4k 2 $1,130,000 $565,000
    $4k-5k 1 $455,000 $455,000
    $5k+ 1 $555,000 $555,000

    Iowa Nebraska State Bank's average total fees were $2,688, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 119 $14,155,000 $118,950
    5-6% 67 $6,455,000 $96,343
    3-4% 20 $2,780,000 $139,000
    6-7% 13 $685,000 $52,692
    7-8% 2 $30,000 $15,000

    During 2018, Iowa Nebraska State Bank's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 119 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 115 $5,685,000 $49,435 $1,302 5.02%
    $100k-200k 83 $11,445,000 $137,892 $2,631 4.81%
    $200k-400k 19 $4,675,000 $246,053 $3,618 4.77%
    $400k-600k 3 $1,545,000 $515,000 $7,473 4.75%
    $600k-1MM 1 $755,000 $755,000 $3,641 3.63%

    2018 saw Iowa Nebraska State Bank place emphasis on $100,000 or less loans with 115 originations, totaling $5,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 75 $5,645,000 $75,267 $1,907 4.87%
    $50k-75k 57 $6,665,000 $116,930 $2,207 4.69%
    $75k-100k 38 $4,020,000 $105,789 $2,050 4.95%
    $100k-150k 22 $3,220,000 $146,364 $2,760 5.15%
    $150k-250k 8 $780,000 $97,500 $1,950 5.25%
    $250k+ 5 $2,345,000 $469,000 $4,214 4.75%

    Iowa Nebraska State Bank lent most frequently to those with incomes in the $50k or less range, with 75 originations. The second most popular income band? $50k-75k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 59 $5,995,000 $101,610 $2,030 4.90%
    30-36% 50 $5,480,000 $109,600 $2,234 4.87%
    <20% 26 $3,320,000 $127,692 $1,957 4.61%
    40% 13 $1,985,000 $152,692 $2,755 4.55%
    36% 12 $1,120,000 $93,333 $2,016 4.96%
    37% 12 $1,190,000 $99,167 $1,884 4.79%
    42% 11 $1,335,000 $121,364 $2,657 4.97%
    41% 6 $800,000 $133,333 $2,763 4.71%
    38% 6 $610,000 $101,667 $1,912 5.33%
    39% 5 $655,000 $131,000 $2,770 4.83%
    50-60% 2 $130,000 $65,000 $675 5.98%
    44% 1 $105,000 $105,000 $0 6.50%
    45% 1 $35,000 $35,000 $0 5.75%
    49% 1 $5,000 $5,000 $425 4.61%
    43% 1 $165,000 $165,000 $3,332 5.13%

    Iowa Nebraska State Bank lent most frequently to those with DTI ratios of 20-30%, with 59 originations. The next most common DTI ratio? 30-36%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 202 $22,380,000 $110,792 $2,161 4.87%
    Not applicable 11 $1,035,000 $94,091 $0 5.32%
    Black 3 $535,000 $178,333 $3,268 5.13%
    Asian 5 $155,000 $31,000 $1,164 5.53%

    Approval Rates

    Total approvals of all applications
    89.72%

    Iowa Nebraska State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.29%

    Iowa Nebraska State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 221 $24,105,000 $109,072

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $340,000 $56,667
    Single Family (1-4 Units):Site-Built 215 $23,765,000 $110,535

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $715,000 $55,000 $1,087 5.50%
    40-60% 26 $2,340,000 $90,000 $1,543 4.73%
    60-80% 62 $8,080,000 $130,323 $2,556 4.83%
    80-100% 91 $12,305,000 $135,220 $2,655 4.77%
    Under 20% 29 $665,000 $22,931 $503 5.43%