Arbor Bank Mortgage Rates, Fees & Info

Nebraska City, NE

LEI: 54930099BVD0E448JX38

Tax ID: 47-0739886

5 stars - Updated: 7/12/24 - out of 5 stars, based on 20 reviews

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

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Mortgage Data

Review & Overview

Arbor Bank is a smaller bank specializing in Home Purchase loans. Arbor Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Kansas City, Minneapolis, Lincoln, and Topeka among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

Arbor Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Arbor 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.97% 7/12/24
30 Year Conventional Purchase 6.66% 7/12/24
30 Year Conventional Refi 6.64% 7/12/24
30 Year Cash-out Refi 6.83% 7/12/24
30 Year FHA Purchase 6.27% 7/12/24
30 Year VA Purchase 6.20% 7/12/24
30 Year VA Refi 5.79% 7/12/24
15 Year Conventional Purchase 6.01% 7/12/24
15 Year Conventional Refi 6.10% 7/12/24
15 Year Cash-out Refi 6.10% 7/12/24
15 Year VA Refi 5.78% 7/12/24
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.

Arbor Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Arbor 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

402

Origination Dollar Volume (All Markets)

$100,050,000
Show all (5) awards

Relative Rate

Arbor Bank's average 30 year fixed mortgage rate was 6.61%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.13%.

Relative Fees (Closing Costs)

Arbor Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,173.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 301 $73,545,000 $244,336 $2,969 7.15%
Outside of Metro Areas 69 $13,255,000 $192,101 $3,175 7.15%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $1,990,000 $995,000 $1,495 7.39%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $1,370,000 $342,500 $5,216 6.17%
LINCOLN, NE (FHA|USDA|VA) 5 $1,265,000 $253,000 $1,643 7.83%
TOPEKA, KS (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $0 6.80%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $845,000 $845,000 $5,022 6.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $810,000 $405,000 $5,425 8.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $725,000 $725,000 $5,189 6.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $725,000 $725,000 $10,851 6.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $13,336 6.75%
Fremont, NE (FHA|USDA|VA) 3 $495,000 $165,000 $1,557 5.46%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $485,000 $485,000 $4,612 7.13%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $395,000 $395,000 $3,534 7.00%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $365,000 $365,000 $2,545 6.75%
FORT COLLINS, CO (FHA|USDA|VA) 1 $365,000 $365,000 $7,353 5.63%
MANHATTAN, KS (FHA|USDA|VA) 1 $305,000 $305,000 $2,714 6.50%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $295,000 $295,000 $2,990 6.12%
BOISE CITY, ID (FHA|USDA|VA) 1 $255,000 $255,000 $2,988 6.50%
Spirit Lake, IA (FHA|USDA|VA) 1 $215,000 $215,000 $2,855 6.25%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $205,000 $205,000 $3,477 7.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.50%
Arbor Bank's top markets include Omaha, Kansas City, Minneapolis, Lincoln, and Topeka among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

    METRO CU
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    CENTRIS FEDERAL CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 289 $81,945,000 $283,547 $2,949 6.63%
    HELOC 101 $13,995,000 $138,564 n/a 8.63%
    VA 12 $4,110,000 $342,500 $6,450 6.45%

    For 2023, Arbor Bank's most frequently originated type of loan was Conventional, with 289 originations. Their 2nd most popular type was HELOC, with 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 265 $80,865,000 $305,151 $3,289 6.61%
    Home Improvement 53 $4,325,000 $81,604 $421 8.68%
    Cash Out Refi 41 $9,245,000 $225,488 $2,392 7.71%
    Refi 27 $4,375,000 $162,037 $1,877 7.61%
    Other 16 $1,240,000 $77,500 $1,665 8.09%

    For 2023, Arbor Bank's most frequently cited loan purpose was Home Purchase, with 265 originations. The 2nd most popular reason was Home Improvement, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 235 $71,845,000 $305,723 $3,173 6.61%
    5 Year 91 $9,885,000 $108,626 $219 8.47%
    Other 37 $10,345,000 $279,595 $3,609 7.27%
    1 Year 26 $6,460,000 $248,462 $920 8.41%
    10 Year 9 $405,000 $45,000 $0 2.86%
    15 Year 3 $835,000 $278,333 $3,313 7.04%
    20 Year 1 $275,000 $275,000 $1,856 6.25%

    For 2023, Arbor Bank's most frequently cited loan duration was 30 Year, with 235 originations. The 2nd most popular length was 5 Year, with 91 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 225 $62,705,000 $278,689
    $1k-2k 25 $5,885,000 $235,400
    $5k+ 11 $7,045,000 $640,455
    $2k-3k 5 $1,755,000 $351,000
    $4k-5k 2 $1,300,000 $650,000

    Arbor Bank's average total fees were $3,173, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 225 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 161 $49,035,000 $304,565
    7-8% 93 $25,635,000 $275,645
    Over 8% 90 $11,360,000 $126,222
    5-6% 52 $13,970,000 $268,654
    <2.5% 6 $50,000 $8,333

    During 2023, Arbor Bank's average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 133 $36,765,000 $276,429 $2,938 6.87%
    $100,000 or less 102 $5,390,000 $52,843 $944 7.68%
    $100k-200k 96 $14,020,000 $146,042 $2,687 7.10%
    $400k-600k 47 $22,535,000 $479,468 $4,501 6.85%
    $600k-1MM 18 $13,290,000 $738,333 $6,401 6.81%
    $1MM+ 6 $8,050,000 $1,341,667 $4,697 6.95%

    2023 saw Arbor Bank place emphasis on $200k-400k loans with 133 originations, totaling $36,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 94 $27,930,000 $297,128 $4,077 7.26%
    $100k-150k 80 $17,180,000 $214,750 $2,728 7.07%
    $250k+ 62 $26,460,000 $426,774 $4,060 7.49%
    $75k-100k 59 $10,715,000 $181,610 $2,591 7.03%
    $50k-75k 53 $7,995,000 $150,849 $2,651 6.75%
    $50k or less 25 $2,565,000 $102,600 $2,080 6.34%

    Arbor Bank lent most frequently to those with incomes in the $150k-250k range, with 94 originations. The second most popular income band? $100k-150k, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 85 $19,785,000 $232,765 $3,314 6.86%
    20-30% 81 $20,665,000 $255,123 $2,997 7.30%
    <20% 50 $8,650,000 $173,000 $2,225 7.50%
    41% 17 $4,185,000 $246,176 $3,967 6.82%
    36% 17 $2,965,000 $174,412 $2,661 7.84%
    44% 17 $4,875,000 $286,765 $2,719 6.42%
    40% 15 $5,215,000 $347,667 $3,642 7.15%
    37% 12 $2,500,000 $208,333 $2,746 7.42%
    46% 12 $2,650,000 $220,833 $2,935 6.20%
    42% 11 $3,415,000 $310,455 $2,430 6.91%
    43% 11 $4,305,000 $391,364 $4,813 6.62%
    39% 10 $3,680,000 $368,000 $3,029 7.34%
    45% 10 $4,230,000 $423,000 $3,420 6.89%
    38% 9 $1,925,000 $213,889 $3,102 7.35%
    48% 7 $2,845,000 $406,429 $2,977 7.36%
    49% 7 $1,255,000 $179,286 $2,150 6.18%
    47% 6 $1,860,000 $310,000 $2,850 6.85%
    50-60% 2 $540,000 $270,000 $7,784 7.81%
    >60% 1 $45,000 $45,000 $0 9.50%

    Arbor Bank lent most frequently to those with DTI ratios of 30-36%, with 85 originations. The next most common DTI ratio? 20-30%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 340 $83,300,000 $245,000 $3,088 7.12%
    Not applicable 23 $5,885,000 $255,870 $0 7.58%
    Not provided 21 $4,945,000 $235,476 $3,017 6.98%
    Asian 9 $2,195,000 $243,889 $3,265 6.16%
    Asian Indian 3 $1,645,000 $548,333 $3,878 6.29%
    Black 4 $1,600,000 $400,000 $3,370 8.08%
    American Indian 1 $345,000 $345,000 $3,171 7.88%
    Native Hawaiian or Islander 1 $135,000 $135,000 $4,759 7.25%

    Approval Rates

    Total approvals of all applications
    95.54%

    Arbor Bank 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
    84.83%

    Arbor Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 402 $100,050,000 $248,881

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    402 $100,050,000 $248,881

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 52 $6,310,000 $121,346 $1,762 7.79%
    40-60% 35 $7,785,000 $222,429 $2,471 7.19%
    60-80% 85 $30,675,000 $360,882 $3,453 6.79%
    80-100% 154 $48,620,000 $315,714 $3,293 6.81%
    Over 100% 5 $2,165,000 $433,000 $8,783 6.20%
    Under 20% 71 $4,495,000 $63,310 $305 7.76%