Arbor Bank Mortgage Rates, Fees & Info

Nebraska City, NE

LEI: 54930099BVD0E448JX38

Tax ID: 47-0739886

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    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, Lincoln, Edwards, Minneapolis, and Kansas City among others. We have data for 31 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 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.

    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% 4/28/24
    30 Year Conventional Purchase 6.66% 4/28/24
    30 Year Conventional Refi 6.64% 4/28/24
    30 Year Cash-out Refi 6.83% 4/28/24
    30 Year FHA Purchase 6.27% 4/28/24
    30 Year VA Purchase 6.20% 4/28/24
    30 Year VA Refi 5.79% 4/28/24
    15 Year Conventional Purchase 6.01% 4/28/24
    15 Year Conventional Refi 6.10% 4/28/24
    15 Year Cash-out Refi 6.10% 4/28/24
    15 Year VA Refi 5.78% 4/28/24
    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

    517

    Origination Dollar Volume (All Markets)

    $113,005,000
    Show all (5) 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
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 412 $89,830,000 $218,034 $3,686 4.96%
    Outside of Metro Areas 49 $7,305,000 $149,082 $3,498 5.47%
    LINCOLN, NE (FHA|USDA|VA) 10 $1,980,000 $198,000 $4,586 5.30%
    Edwards, CO (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $0 4.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $1,310,000 $327,500 $5,078 6.03%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $1,200,000 $300,000 $3,329 5.34%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,105,000 $221,000 $0 4.73%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 3 $985,000 $328,333 $1,805 5.17%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $710,000 $355,000 $9,258 4.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $645,000 $645,000 $2,859 3.75%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $575,000 $575,000 $10,780 4.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $545,000 $545,000 $7,755 3.88%
    BEND, OR (FHA|USDA|VA) 1 $505,000 $505,000 $3,671 3.88%
    Fremont, NE (FHA|USDA|VA) 4 $490,000 $122,500 $2,447 5.56%
    Jefferson, GA (FHA|USDA|VA) 1 $405,000 $405,000 $3,926 7.87%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $325,000 $325,000 $0 5.75%
    LOUISVILLE, KY (FHA|USDA|VA) 3 $315,000 $105,000 $0 6.88%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $315,000 $315,000 $1,606 5.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,430 4.63%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $275,000 $275,000 $2,625 3.99%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,977 2.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $245,000 $245,000 $6,247 5.00%
    WICHITA, KS (FHA|USDA|VA) 1 $235,000 $235,000 $5,739 4.99%
    Scottsburg, IN (FHA|USDA|VA) 1 $225,000 $225,000 $8,149 5.99%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $195,000 $195,000 $3,062 5.63%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,428 4.25%
    LAWRENCE, KS (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.75%
    AMES, IA (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.85%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $155,000 $155,000 $2,375 6.50%
    Norfolk, NE (FHA|USDA|VA) 1 $155,000 $155,000 $2,026 4.38%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.00%
    Arbor Bank's top markets include Omaha, Lincoln, Edwards, Minneapolis, and Kansas City among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Colorado (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
    Similarity Rank: 176
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 225
    Cobalt Credit Union
    Similarity Rank: 330
    First Nebraska Bank
    Similarity Rank: 528
    Equitable Bank
    Similarity Rank: 714
    Five Points Bank
    Similarity Rank: 720
    First State Bank
    Similarity Rank: 720
    LIBERTY FIRST
    Similarity Rank: 830
    CORNHUSKER BANK
    Similarity Rank: 1026
    Lincoln FSB of Nebraska
    Similarity Rank: 1125

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 326 $85,790,000 $263,160 $3,268 4.91%
    HELOC 154 $15,120,000 $98,182 n/a 5.52%
    VA 37 $12,095,000 $326,892 $7,325 4.20%

    For 2022, Arbor Bank's most frequently originated type of loan was Conventional, with 326 originations. Their 2nd most popular type was HELOC, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 272 $72,210,000 $265,478 $4,072 4.97%
    Home Improvement 76 $6,250,000 $82,237 $1,091 5.30%
    Cash Out Refi 76 $19,390,000 $255,132 $3,596 4.83%
    Refi 52 $12,590,000 $242,115 $2,915 4.68%
    Other 41 $2,565,000 $62,561 $1,609 5.88%

    For 2022, Arbor Bank's most frequently cited loan purpose was Home Purchase, with 272 originations. The 2nd most popular reason was Home Improvement, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 236 $64,110,000 $271,653 $3,689 4.80%
    5 Year 151 $17,525,000 $116,060 $813 5.51%
    Other 72 $20,760,000 $288,333 $4,806 5.54%
    1 Year 23 $4,035,000 $175,435 $1,667 5.34%
    15 Year 23 $4,375,000 $190,217 $2,863 3.44%
    10 Year 6 $970,000 $161,667 $915 2.65%
    20 Year 5 $1,135,000 $227,000 $2,721 3.50%
    3 Year 1 $95,000 $95,000 $0 6.89%

    For 2022, Arbor Bank's most frequently cited loan duration was 30 Year, with 236 originations. The 2nd most popular length was 5 Year, with 151 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 239 $59,825,000 $250,314
    $3k-4k 20 $5,960,000 $298,000
    $1k-2k 18 $3,630,000 $201,667
    $5k+ 16 $9,800,000 $612,500
    $4k-5k 11 $4,405,000 $400,455
    $2k-3k 10 $3,090,000 $309,000

    Arbor Bank's average total fees were $3,689, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 239 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 173 $39,215,000 $226,676
    5-6% 143 $31,885,000 $222,972
    3-4% 79 $22,615,000 $286,266
    6-7% 61 $9,075,000 $148,770
    7-8% 30 $3,410,000 $113,667
    2.5-3% 19 $5,515,000 $290,263
    <2.5% 7 $815,000 $116,429
    Over 8% 5 $475,000 $95,000

    During 2022, Arbor Bank's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 166 $46,770,000 $281,747 $3,958 4.78%
    $100,000 or less 157 $9,215,000 $58,694 $1,185 5.40%
    $100k-200k 126 $18,370,000 $145,794 $2,348 5.17%
    $400k-600k 49 $23,495,000 $479,490 $6,135 4.55%
    $600k-1MM 16 $10,670,000 $666,875 $7,007 4.73%
    $1MM+ 3 $4,485,000 $1,495,000 $11,005 4.66%

    2022 saw Arbor Bank place emphasis on $200k-400k loans with 166 originations, totaling $46,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 111 $25,055,000 $225,721 $5,017 5.03%
    $100k-150k 108 $23,550,000 $218,056 $3,468 5.23%
    $250k+ 80 $24,520,000 $306,500 $5,579 5.11%
    $50k-75k 73 $12,045,000 $165,000 $2,978 5.03%
    $75k-100k 72 $13,790,000 $191,528 $3,411 4.83%
    $50k or less 41 $4,685,000 $114,268 $2,132 4.80%

    Arbor Bank lent most frequently to those with incomes in the $150k-250k range, with 111 originations. The second most popular income band? $100k-150k, with 108 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 123 $24,215,000 $196,870 $2,886 4.79%
    30-36% 91 $20,055,000 $220,385 $3,910 5.07%
    <20% 60 $11,310,000 $188,500 $3,460 5.25%
    37% 24 $4,370,000 $182,083 $2,990 5.20%
    42% 23 $5,015,000 $218,043 $4,856 5.37%
    40% 23 $3,715,000 $161,522 $4,687 5.45%
    39% 22 $5,090,000 $231,364 $3,063 5.09%
    38% 18 $4,370,000 $242,778 $3,079 4.87%
    49% 17 $4,435,000 $260,882 $3,383 5.24%
    36% 14 $2,970,000 $212,143 $3,114 5.00%
    41% 12 $3,280,000 $273,333 $7,514 5.30%
    45% 11 $1,995,000 $181,364 $4,012 4.52%
    44% 10 $2,450,000 $245,000 $3,159 5.51%
    47% 10 $2,720,000 $272,000 $4,581 4.91%
    43% 10 $2,650,000 $265,000 $3,835 5.72%
    48% 8 $2,080,000 $260,000 $2,580 4.00%
    50-60% 7 $2,415,000 $345,000 $10,499 4.89%
    46% 6 $1,440,000 $240,000 $4,549 4.35%
    >60% 1 $295,000 $295,000 $5,731 5.63%

    Arbor Bank lent most frequently to those with DTI ratios of 20-30%, with 123 originations. The next most common DTI ratio? 30-36%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 437 $94,075,000 $215,275 $3,775 5.02%
    Not applicable 21 $6,885,000 $327,857 $0 5.21%
    Not provided 31 $6,375,000 $205,645 $4,486 5.29%
    Asian 13 $3,155,000 $242,692 $2,818 4.61%
    Black 12 $2,060,000 $171,667 $2,742 5.10%
    Other Asian 1 $205,000 $205,000 $2,974 3.88%
    Native Hawaiian or Islander 1 $155,000 $155,000 $0 7.50%
    American Indian 1 $95,000 $95,000 $0 6.75%

    Approval Rates

    Total approvals of all applications
    97.81%

    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
    88.97%

    Arbor Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 517 $113,005,000 $218,578

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    517 $113,005,000 $218,578

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 74 $10,360,000 $140,000 $1,991 5.39%
    40-60% 42 $9,900,000 $235,714 $3,211 4.60%
    60-80% 136 $39,650,000 $291,544 $3,645 4.92%
    80-100% 146 $42,620,000 $291,918 $3,935 4.80%
    Over 100% 10 $3,460,000 $346,000 $12,787 3.61%
    Under 20% 109 $7,015,000 $64,358 $549 5.58%