First Nebraska Bank Mortgage Rates, Fees & Info

Valley, NE

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.52% 10/13/24
30 Year Conventional Refi 6.91% 10/13/24
30 Year Cash-out Refi 6.72% 10/13/24
30 Year VA Purchase 6.54% 10/13/24
30 Year USDA Purchase 7.25% 10/13/24
15 Year Conventional Purchase 6.43% 10/13/24
15 Year Conventional Refi 6.87% 10/13/24
15 Year Cash-out Refi 6.87% 10/13/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Nebraska Bank. 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

75

Origination Dollar Volume (All Markets)

$15,275,000

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) 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%
First Nebraska Bank's top markets include Omaha, Columbus, Phoenix, Norfolk, and Lincoln among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • 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.

    METRO CU
    Similarity Rank: 56
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 72
    South Metro Federal Credit Union
    Similarity Rank: 75
    Cobalt Credit Union
    Similarity Rank: 192
    LIBERTY FIRST
    Similarity Rank: 225
    FOUR POINTS
    Similarity Rank: 240
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 243
    Security First Bank
    Similarity Rank: 260
    First State Bank
    Similarity Rank: 396
    Exchange Bank
    Similarity Rank: 510

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $9,810,000 $188,654 $0 0.00%
    Refi 10 $3,430,000 $343,000 $0 0.00%
    Cash Out Refi 7 $1,525,000 $217,857 $0 0.00%
    Other 5 $375,000 $75,000 $0 0.00%
    Home Improvement 1 $135,000 $135,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 30 $4,300,000 $143,333 $0 0.00%
    $100,000 or less 21 $1,205,000 $57,381 $0 0.00%
    $200k-400k 16 $4,440,000 $277,500 $0 0.00%
    $400k-600k 5 $2,375,000 $475,000 $0 0.00%
    $600k-1MM 2 $1,400,000 $700,000 $0 0.00%
    $1MM+ 1 $1,555,000 $1,555,000 $0 0.00%

    2023 saw First Nebraska Bank place emphasis on $100k-200k loans with 30 originations, totaling $4,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 15 $1,955,000 $130,333 $0 0.00%
    $100k-150k 14 $2,720,000 $194,286 $0 0.00%
    $250k+ 11 $4,045,000 $367,727 $0 0.00%
    $50k or less 11 $1,055,000 $95,909 $0 0.00%
    $75k-100k 11 $1,345,000 $122,273 $0 0.00%
    $150k-250k 7 $2,675,000 $382,143 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $14,065,000 $203,841 $0 0.00%
    Not applicable 5 $1,085,000 $217,000 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.31%

    First Nebraska Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.33%

    First Nebraska Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 75 $15,275,000 $203,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    75 $15,275,000 $203,667