First Nebraska Bank Mortgage Rates, Fees & Info
Valley, NELEI: 5493007FRLGNQEXCGS66
Tax ID: 47-0323447
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Mortgage Data
Review & Overview
First Nebraska Bank is a smaller bank specializing in Home Purchase and Refi loans. First Nebraska Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Omaha, Columbus, Phoenix, Norfolk, and Lincoln among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)First Nebraska Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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 | 6.52% | 4/18/24 |
| 30 Year Conventional Refi | 6.91% | 4/18/24 |
| 30 Year Cash-out Refi | 6.72% | 4/18/24 |
| 30 Year VA Purchase | 6.54% | 4/18/24 |
| 30 Year USDA Purchase | 7.25% | 4/18/24 |
| 15 Year Conventional Purchase | 6.43% | 4/18/24 |
| 15 Year Conventional Refi | 6.87% | 4/18/24 |
| 15 Year Cash-out Refi | 6.87% | 4/18/24 |
| 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. | ||
First Nebraska Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
75Origination Dollar Volume (All Markets)
$15,275,000Top 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) | 24 | $6,190,000 | $257,917 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $2,840,000 | $129,091 | $0 | 0.00% |
| Columbus, NE (FHA|USDA|VA) | 9 | $1,805,000 | $200,556 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $1,555,000 | $1,555,000 | $0 | 0.00% |
| Norfolk, NE (FHA|USDA|VA) | 9 | $1,195,000 | $132,778 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 6 | $1,100,000 | $183,333 | $0 | 0.00% |
| Kearney, NE (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| North Platte, NE (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Nebraska Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $15,120,000 | $204,324 | $0 | 0.00% |
| USDA | 1 | $155,000 | $155,000 | $0 | 0.00% |
For 2023, First Nebraska Bank's most frequently originated type of loan was Conventional, with 74 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2023, First Nebraska Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $15,275,000 | $203,667 | $0 | 0.00% |
For 2023, First Nebraska Bank's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2023 saw First Nebraska Bank place emphasis on $100k-200k loans with 30 originations, totaling $4,300,000 in origination value.
Applicant Income
First Nebraska Bank lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $15,275,000 | $203,667 | $0 | 0.00% |
First Nebraska Bank lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.31%
First Nebraska Bank has a below average approval rate.
Pick Rate
Approvals leading to origination85.33%
First Nebraska Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 75 | $15,275,000 | $203,667 |