Five Points Bank Mortgage Rates, Fees & Info

Grand Island, NE

LEI: 5493009DQQ81725XIJ49

Tax ID: 47-0803224

5 stars - Updated: 6/9/24 - out of 5 stars, based on 17 reviews

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

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Mortgage Data

Review & Overview

Five Points Bank is a smaller bank specializing in Home Purchase loans. Five Points Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Grand Island, Kearney, Lincoln, and Denver among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

Five Points Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Five Points 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
30 Year Conventional Purchase 6.33% 6/9/24
30 Year Conventional Refi 6.37% 6/9/24
30 Year Cash-out Refi 6.32% 6/9/24
15 Year Conventional Purchase 5.96% 6/9/24
15 Year Conventional Refi 6.28% 6/9/24
15 Year Cash-out Refi 6.28% 6/9/24
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.

Five Points Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Five Points 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

300

Origination Dollar Volume (All Markets)

$61,460,000

Awards

Five Points Bank 30 Year Conventional Loans gold Five Points Bank 30 Year Conventional Loans gold Five Points Bank 30 Year Conventional Loans gold Five Points Bank 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

Five Points Bank's average 30 year fixed mortgage rate was 6.68%.

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

This yields a difference of 0.2%.

Relative Fees (Closing Costs)

Five Points Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,179.

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) 80 $22,990,000 $287,375 $1,408 7.23%
GRAND ISLAND, NE (FHA|USDA|VA) 96 $11,600,000 $120,833 $1,026 7.56%
Kearney, NE (FHA|USDA|VA) 54 $9,930,000 $183,889 $1,241 6.93%
LINCOLN, NE (FHA|USDA|VA) 28 $5,840,000 $208,571 $1,187 7.55%
Outside of Metro Areas 22 $4,540,000 $206,364 $1,212 7.30%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,740,000 $870,000 $1,794 6.77%
Spirit Lake, IA (FHA|USDA|VA) 2 $940,000 $470,000 $2,445 6.88%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $885,000 $295,000 $1,240 6.90%
GREELEY, CO (FHA|USDA|VA) 1 $585,000 $585,000 $13,859 5.63%
Lexington, NE (FHA|USDA|VA) 2 $440,000 $220,000 $1,995 6.63%
FORT COLLINS, CO (FHA|USDA|VA) 1 $415,000 $415,000 $2,012 5.38%
Hastings, NE (FHA|USDA|VA) 3 $395,000 $131,667 $3,984 7.26%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $375,000 $375,000 $0 7.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $335,000 $335,000 $4,787 6.38%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $165,000 $165,000 $1,920 6.25%
North Platte, NE (FHA|USDA|VA) 1 $35,000 $35,000 $970 7.94%
Scottsbluff, NE (FHA|USDA|VA) 1 $25,000 $25,000 $668 6.76%
Five Points Bank's top markets include Omaha, Grand Island, Kearney, Lincoln, and Denver among others.

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

    We use machine learning to identify the top lenders compared against Five Points 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
    South Metro Federal Credit Union
    Similarity Rank: 75
    Cobalt Credit Union
    Similarity Rank: 192
    FOUR POINTS
    Similarity Rank: 240
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 243
    First State Bank
    Similarity Rank: 396
    Exchange Bank
    Similarity Rank: 530
    Central National Bank
    Similarity Rank: 550
    CORNHUSKER BANK
    Similarity Rank: 765

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 300 $61,460,000 $204,867 $1,348 7.29%

    For 2023, Five Points Bank's most frequently originated type of loan was Conventional, with 300 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 203 $50,525,000 $248,892 $1,828 7.22%
    Refi 37 $6,575,000 $177,703 $852 7.66%
    Home Improvement 35 $1,845,000 $52,714 $475 7.11%
    Other 25 $2,515,000 $100,600 $460 7.61%

    For 2023, Five Points Bank's most frequently cited loan purpose was Home Purchase, with 203 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 107 $19,515,000 $182,383 $645 7.42%
    30 Year 86 $24,560,000 $285,581 $2,179 6.68%
    5 Year 72 $9,990,000 $138,750 $316 7.86%
    1 Year 20 $4,700,000 $235,000 $0 7.73%
    15 Year 9 $2,375,000 $263,889 $2,287 6.33%
    3 Year 4 $250,000 $62,500 $0 8.44%
    10 Year 2 $70,000 $35,000 $896 3.75%

    For 2023, Five Points Bank's most frequently cited loan duration was Other, with 107 originations. The 2nd most popular length was 30 Year, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 192 $41,100,000 $214,063
    $1k-2k 6 $1,300,000 $216,667
    $2k-3k 2 $500,000 $250,000
    $5k+ 2 $1,150,000 $575,000
    $3k-4k 1 $235,000 $235,000

    Five Points Bank's average total fees were $2,179, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 192 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 110 $22,600,000 $205,455
    6-7% 100 $25,390,000 $253,900
    Over 8% 71 $9,605,000 $135,282
    5-6% 14 $3,360,000 $240,000
    <2.5% 4 $40,000 $10,000
    3-4% 1 $465,000 $465,000

    During 2023, Five Points Bank's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 7-8%, with 110 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 105 $5,265,000 $50,143 $584 7.43%
    $100k-200k 82 $11,730,000 $143,049 $1,355 7.31%
    $200k-400k 77 $21,375,000 $277,597 $1,700 7.25%
    $400k-600k 25 $12,065,000 $482,600 $2,660 6.81%
    $600k-1MM 7 $4,905,000 $700,714 $2,436 7.11%
    $1MM+ 4 $6,120,000 $1,530,000 $1,941 7.34%

    2023 saw Five Points Bank place emphasis on $100,000 or less loans with 105 originations, totaling $5,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 44 $6,790,000 $154,318 $1,013 7.29%
    $50k-75k 44 $5,650,000 $128,409 $1,324 6.81%
    $150k-250k 42 $10,760,000 $256,190 $1,344 7.25%
    $250k+ 38 $18,770,000 $493,947 $2,180 7.16%
    $50k or less 32 $2,130,000 $66,563 $885 7.02%
    $75k-100k 21 $2,855,000 $135,952 $1,453 7.02%

    Five Points Bank lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $50k-75k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 58 $14,120,000 $243,448 $1,473 6.98%
    20-30% 55 $11,625,000 $211,364 $1,382 7.12%
    <20% 21 $5,395,000 $256,905 $1,631 6.88%
    37% 12 $2,130,000 $177,500 $1,541 6.47%
    38% 9 $1,755,000 $195,000 $1,309 6.99%
    44% 6 $1,510,000 $251,667 $1,270 7.15%
    39% 5 $635,000 $127,000 $611 7.24%
    46% 5 $985,000 $197,000 $1,253 6.77%
    41% 5 $1,285,000 $257,000 $1,286 7.26%
    36% 5 $595,000 $119,000 $1,226 6.40%
    49% 4 $1,280,000 $320,000 $1,519 6.90%
    43% 4 $570,000 $142,500 $816 7.44%
    45% 3 $255,000 $85,000 $370 7.67%
    40% 3 $55,000 $18,333 $526 5.92%
    50-60% 3 $665,000 $221,667 $1,344 7.57%
    >60% 2 $440,000 $220,000 $320 6.83%
    42% 2 $770,000 $385,000 $353 8.17%
    47% 2 $290,000 $145,000 $1,107 6.79%

    Five Points Bank lent most frequently to those with DTI ratios of 30-36%, with 58 originations. The next most common DTI ratio? 20-30%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 223 $46,125,000 $206,839 $1,347 7.18%
    Not applicable 63 $12,855,000 $204,048 $0 7.79%
    Not provided 9 $1,195,000 $132,778 $1,400 6.54%
    Asian 3 $555,000 $185,000 $863 7.50%
    Black 1 $505,000 $505,000 $2,143 6.38%
    Asian Indian 1 $225,000 $225,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    98.15%

    Five Points 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
    93.67%

    Five Points Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 300 $61,460,000 $204,867

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    300 $61,460,000 $204,867

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $6,170,000 $140,227 $887 7.44%
    40-60% 45 $10,265,000 $228,111 $1,560 7.43%
    60-80% 79 $23,535,000 $297,911 $1,889 7.20%
    80-100% 76 $17,880,000 $235,263 $1,959 7.24%
    Over 100% 4 $1,210,000 $302,500 $0 8.06%
    Under 20% 50 $2,320,000 $46,400 $400 7.16%