Five Points Bank Mortgage Rates, Fees & Info

Grand Island, NE

LEI: 5493009DQQ81725XIJ49

Tax ID: 47-0803224

5 stars - out of 5 stars, based on 20 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Five Points Bank is a smaller bank specializing in Home Purchase and Refi loans. Five Points Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Grand Island, Lincoln, Kearney, and Lexington among others. We have data for 24 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 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
    30 Year Conventional Purchase 6.33% 3/31/23
    30 Year Conventional Refi 6.37% 3/31/23
    30 Year Cash-out Refi 6.32% 3/31/23
    15 Year Conventional Purchase 5.96% 3/31/23
    15 Year Conventional Refi 6.28% 3/31/23
    15 Year Cash-out Refi 6.28% 3/31/23
    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.


    Originations

    391

    Origination Dollar Volume (All Markets)

    $92,875,000
    Show all (10) awards

    Relative Rate

    Five Points Bank's average 30 year fixed mortgage rate was 4.59%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.17%.

    Relative Fees (Closing Costs)

    Five Points Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,307.

    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 $4,750.

    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) 103 $34,595,000 $335,874 $2,114 4.55%
    GRAND ISLAND, NE (FHA|USDA|VA) 137 $23,405,000 $170,839 $1,263 4.81%
    LINCOLN, NE (FHA|USDA|VA) 52 $13,050,000 $250,962 $1,963 4.81%
    Kearney, NE (FHA|USDA|VA) 42 $7,780,000 $185,238 $1,531 4.87%
    Outside of Metro Areas 24 $4,060,000 $169,167 $1,929 5.00%
    Lexington, NE (FHA|USDA|VA) 3 $1,725,000 $575,000 $3,431 5.26%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,125,000 $375,000 $1,122 4.78%
    Hastings, NE (FHA|USDA|VA) 7 $1,085,000 $155,000 $2,180 4.97%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $925,000 $308,333 $1,053 5.23%
    Fremont, NE (FHA|USDA|VA) 2 $580,000 $290,000 $1,580 6.63%
    Spirit Lake, IA (FHA|USDA|VA) 1 $505,000 $505,000 $2,347 3.25%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $495,000 $495,000 $3,406 3.95%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $490,000 $245,000 $2,300 4.44%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $405,000 $405,000 $729 5.45%
    BOULDER, CO (FHA|USDA|VA) 1 $405,000 $405,000 $2,880 3.25%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $395,000 $395,000 $0 4.95%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $375,000 $375,000 $4,808 5.38%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.95%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $295,000 $295,000 $1,338 3.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $850 4.04%
    TUCSON, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $2,470 5.38%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $155,000 $155,000 $683 5.81%
    DUBUQUE, IA (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.50%
    Scottsbluff, NE (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.50%
    Five Points Bank's top markets include Omaha, Grand Island, Lincoln, Kearney, and Lexington among others.

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

    MUTUAL FIRST
    Similarity Rank: 242
    METRO CU
    Similarity Rank: 360
    Cobalt Credit Union
    Similarity Rank: 420
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 525
    Central National Bank
    Similarity Rank: 624
    CORNHUSKER BANK
    Similarity Rank: 646
    Security First Bank
    Similarity Rank: 784
    Five Points Bank
    Similarity Rank: 792

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 391 $92,875,000 $237,532 $1,766 4.77%

    For 2022, Five Points Bank's most frequently originated type of loan was Conventional, with 391 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 246 $62,320,000 $253,333 $1,985 4.86%
    Refi 101 $20,805,000 $205,990 $1,731 4.45%
    Other 21 $7,385,000 $351,667 $1,367 5.11%
    Home Improvement 19 $1,695,000 $89,211 $350 5.20%
    Cash Out Refi 4 $670,000 $167,500 $1,820 3.09%

    For 2022, Five Points Bank's most frequently cited loan purpose was Home Purchase, with 246 originations. The 2nd most popular reason was Refi, with 101 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 131 $29,115,000 $222,252 $294 4.75%
    30 Year 116 $32,590,000 $280,948 $2,307 4.59%
    Other 94 $21,460,000 $228,298 $894 5.21%
    15 Year 33 $7,195,000 $218,030 $2,000 4.03%
    1 Year 12 $1,700,000 $141,667 $0 5.28%
    20 Year 3 $415,000 $138,333 $2,901 4.75%
    3 Year 1 $285,000 $285,000 $0 4.50%
    10 Year 1 $115,000 $115,000 $0 4.88%

    For 2022, Five Points Bank's most frequently cited loan duration was 5 Year, with 131 originations. The 2nd most popular length was 30 Year, with 116 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 207 $51,425,000 $248,430
    $1k-2k 13 $3,705,000 $285,000
    $2k-3k 5 $1,875,000 $375,000
    $3k-4k 5 $1,235,000 $247,000
    $5k+ 3 $1,095,000 $365,000
    $4k-5k 1 $415,000 $415,000

    Five Points Bank's average total fees were $2,307, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 207 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 117 $34,115,000 $291,581
    5-6% 106 $23,040,000 $217,358
    4-5% 98 $20,400,000 $208,163
    6-7% 42 $8,370,000 $199,286
    2.5-3% 15 $5,115,000 $341,000
    7-8% 9 $1,095,000 $121,667
    <2.5% 3 $645,000 $215,000
    Over 8% 1 $95,000 $95,000

    During 2022, Five Points Bank's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 3-4%, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 121 $17,555,000 $145,083 $1,518 4.61%
    $200k-400k 111 $30,105,000 $271,216 $2,086 4.79%
    $100,000 or less 104 $6,290,000 $60,481 $854 5.09%
    $400k-600k 33 $15,535,000 $470,758 $2,493 4.41%
    $600k-1MM 17 $11,905,000 $700,294 $2,495 4.52%
    $1MM+ 5 $11,485,000 $2,297,000 $2,491 4.36%

    2022 saw Five Points Bank place emphasis on $100k-200k loans with 121 originations, totaling $17,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 55 $11,845,000 $215,364 $1,763 4.75%
    $150k-250k 44 $14,480,000 $329,091 $2,712 4.63%
    $250k+ 39 $18,715,000 $479,872 $1,955 4.72%
    $50k-75k 38 $6,200,000 $163,158 $1,346 4.80%
    $50k or less 36 $3,630,000 $100,833 $1,255 4.54%
    $75k-100k 35 $5,705,000 $163,000 $1,530 5.00%

    Five Points Bank lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $150k-250k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 67 $16,015,000 $239,030 $1,844 4.74%
    30-36% 43 $9,965,000 $231,744 $1,703 4.65%
    <20% 29 $8,115,000 $279,828 $2,202 4.39%
    37% 10 $1,980,000 $198,000 $1,696 4.89%
    39% 9 $2,755,000 $306,111 $1,700 5.07%
    42% 8 $2,530,000 $316,250 $2,873 5.09%
    38% 8 $1,130,000 $141,250 $1,009 4.84%
    43% 8 $1,370,000 $171,250 $1,679 5.58%
    36% 7 $1,145,000 $163,571 $969 5.52%
    40% 7 $1,805,000 $257,857 $1,857 5.02%
    50-60% 6 $1,830,000 $305,000 $1,220 4.85%
    44% 6 $3,420,000 $570,000 $1,661 4.98%
    41% 5 $1,145,000 $229,000 $1,532 4.78%
    47% 4 $1,100,000 $275,000 $1,671 4.81%
    48% 4 $1,180,000 $295,000 $1,513 5.33%
    46% 3 $605,000 $201,667 $1,819 3.21%
    45% 3 $435,000 $145,000 $1,551 3.19%
    49% 1 $205,000 $205,000 $2,283 3.38%
    >60% 1 $185,000 $185,000 $420 4.41%

    Five Points Bank lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 264 $60,720,000 $230,000 $1,771 4.76%
    Not applicable 102 $25,910,000 $254,020 $0 4.67%
    Not provided 13 $3,795,000 $291,923 $2,013 4.63%
    Asian 7 $1,445,000 $206,429 $1,564 5.69%
    Black 4 $870,000 $217,500 $1,032 6.28%
    American Indian 1 $135,000 $135,000 $1,576 5.00%

    Approval Rates

    Total approvals of all applications
    97.88%

    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
    93.61%

    Five Points Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 391 $92,875,000 $237,532

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    391 $92,875,000 $237,532

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $5,225,000 $158,333 $1,543 4.98%
    40-60% 63 $13,305,000 $211,190 $1,717 4.55%
    60-80% 138 $39,920,000 $289,275 $2,157 4.56%
    80-100% 117 $31,185,000 $266,538 $1,888 4.86%
    Over 100% 7 $915,000 $130,714 $523 4.70%
    Under 20% 23 $1,855,000 $80,652 $385 5.60%