Access Bank Mortgage Rates, Fees & Info

Omaha, NE

LEI: 5493009PLGT79KQ6HO15

Tax ID: 26-1375622

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

Review & Overview

Access Bank is a smaller bank specializing in Home Purchase loans. Access Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Omaha, Wichita Falls, Gillette, Breckenridge, and Phoenix among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

Access 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. Access 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	6.67%	12/3/24
30 Year Conventional Refi	6.61%	12/3/24
30 Year Cash-out Refi	6.61%	12/3/24
30 Year FHA Purchase	7.28%	12/3/24
30 Year VA Purchase	6.37%	12/3/24
15 Year Conventional Purchase	6.27%	12/3/24
15 Year Conventional Refi	6.08%	12/3/24
15 Year Cash-out Refi	6.08%	12/3/24
15 Year FHA Purchase	7.14%	12/3/24
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.

Access Bank Mortgage Calculator

Purchase Price:

Loan Amount:

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% Deposit:

Interest Rate:

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Your Estimates

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

This is not an official calculator from Access 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

591

Origination Dollar Volume (All Markets)

$152,145,000

Employee count

109

Awards

Access Bank 30 Year Conventional Loans bronze

Show all (4) 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)	544	$110,780,000	$203,640	$3,504	4.19%
WICHITA FALLS, TX (FHA\|USDA\|VA)	2	$24,980,000	$12,490,000	$0	5.10%
Gillette, WY (FHA\|USDA\|VA)	1	$3,865,000	$3,865,000	$0	4.95%
Outside of Metro Areas	14	$3,510,000	$250,714	$4,096	4.31%
Breckenridge, CO (FHA\|USDA\|VA)	1	$1,195,000	$1,195,000	$5,536	4.13%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	4	$1,080,000	$270,000	$9,632	4.47%
Warrensburg, MO (FHA\|USDA\|VA)	1	$805,000	$805,000	$0	4.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	2	$700,000	$350,000	$4,951	4.50%
Kearney, NE (FHA\|USDA\|VA)	3	$605,000	$201,667	$5,363	3.38%
LINCOLN, NE (FHA\|USDA\|VA)	3	$605,000	$201,667	$2,065	4.79%
Fremont, NE (FHA\|USDA\|VA)	3	$505,000	$168,333	$2,471	4.29%
FORT COLLINS, CO (FHA\|USDA\|VA)	1	$485,000	$485,000	$6,511	2.88%
Norfolk, NE (FHA\|USDA\|VA)	1	$385,000	$385,000	$5,449	4.90%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$365,000	$365,000	$4,423	4.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$355,000	$355,000	$3,635	3.75%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	2	$350,000	$175,000	$2,696	5.25%
GREELEY, CO (FHA\|USDA\|VA)	1	$325,000	$325,000	$2,392	3.88%
Beatrice, NE (FHA\|USDA\|VA)	1	$285,000	$285,000	$2,059	4.63%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	1	$255,000	$255,000	$2,399	3.75%
RENO, NV (FHA\|USDA\|VA)	1	$255,000	$255,000	$4,152	4.13%
CLEVELAND, TN (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,264	4.25%
Scottsbluff, NE (FHA\|USDA\|VA)	1	$145,000	$145,000	$5,488	4.50%
ALBANY-SCHENECTADY-TROY, NY (FHA\|USDA\|VA)	1	$145,000	$145,000	$4,573	3.75%

Access Bank's top markets include Omaha, Wichita Falls, Gillette, Breckenridge, and Phoenix among others.

Their top states include:

Nebraska (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Iowa (FHA|USDA|VA)

Wyoming (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Similar Lenders

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

LIBERTY FIRST
Similarity Rank: 81

MUTUAL FIRST
Similarity Rank: 276

Central National Bank
Similarity Rank: 363

CORNHUSKER BANK
Similarity Rank: 435

Cobalt Credit Union
Similarity Rank: 582

CHARTER WEST BANK
Similarity Rank: 644

CENTRIS FEDERAL CREDIT UNION
Similarity Rank: 774

FRONTIER FINANCIAL, INC.
Similarity Rank: 1311

Union Bank and Trust Company
Similarity Rank: 1548

Farm Credit Services of America, FLCA
Similarity Rank: 1768

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	434	$117,170,000	$269,977	$2,581	4.33%
VA	85	$22,495,000	$264,647	$5,950	3.78%
FHA	72	$12,480,000	$173,333	$5,436	3.93%

For 2019, Access Bank's most frequently originated type of loan was Conventional, with 434 originations. Their 2nd most popular type was VA, with 85 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	422	$112,580,000	$266,777	$4,072	4.20%
Refi	99	$25,095,000	$253,485	$2,454	4.12%
Cash Out Refi	37	$8,625,000	$233,108	$2,891	4.06%
Home Improvement	31	$5,815,000	$187,581	$1,956	4.53%
Other	2	$30,000	$15,000	$63	6.13%

For 2019, Access Bank's most frequently cited loan purpose was Home Purchase, with 422 originations. The 2nd most popular reason was Refi, with 99 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	439	$96,975,000	$220,900	$3,712	4.02%
5 Year	41	$7,565,000	$184,512	$0	5.53%
15 Year	32	$7,840,000	$245,000	$2,936	3.79%
Other	31	$9,105,000	$293,710	$2,074	5.14%
10 Year	23	$27,495,000	$1,195,435	$0	2.97%
1 Year	20	$2,070,000	$103,500	$0	6.11%
20 Year	5	$1,095,000	$219,000	$2,471	3.55%

For 2019, Access Bank's most frequently cited loan duration was 30 Year, with 439 originations. The 2nd most popular length was 5 Year, with 41 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	378	$74,380,000	$196,772
$1k-2k	132	$28,860,000	$218,636
$2k-3k	14	$4,950,000	$353,571
$3k-4k	6	$1,930,000	$321,667
$4k-5k	2	$1,140,000	$570,000
$5k+	2	$1,340,000	$670,000

Access Bank's average total fees were $3,712, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 378 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	292	$68,730,000	$235,377
4-5%	190	$46,790,000	$246,263
5-6%	79	$34,695,000	$439,177
<2.5%	13	$75,000	$5,769
6-7%	13	$685,000	$52,692
2.5-3%	4	$1,170,000	$292,500

During 2019, Access Bank's average interest rate for loans was 4.02%, while their most frequently originated rate bucket for loans was 3-4%, with 292 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	236	$35,790,000	$151,653	$3,167	4.22%
$200k-400k	211	$57,075,000	$270,498	$4,188	3.97%
$100,000 or less	99	$5,535,000	$55,909	$1,840	4.67%
$400k-600k	30	$13,830,000	$461,000	$4,270	3.95%
$600k-1MM	9	$7,265,000	$807,222	$6,096	4.43%
$1MM+	6	$32,650,000	$5,441,667	$5,536	4.65%

2019 saw Access Bank place emphasis on $100k-200k loans with 236 originations, totaling $35,790,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	147	$23,875,000	$162,415	$3,825	3.91%
$75k-100k	113	$21,865,000	$193,496	$3,616	4.23%
$100k-150k	105	$24,305,000	$231,476	$3,512	4.31%
$50k or less	76	$9,690,000	$127,500	$3,251	3.84%
$150k-250k	40	$11,990,000	$299,750	$3,478	4.15%
$250k+	35	$14,875,000	$425,000	$3,829	4.30%

Access Bank lent most frequently to those with incomes in the $50k-75k range, with 147 originations. The second most popular income band? $75k-100k, with 113 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	99	$21,265,000	$214,798	$2,877	4.01%
30-36%	83	$17,815,000	$214,639	$3,694	4.11%
50-60%	45	$9,645,000	$214,333	$5,514	3.83%
<20%	33	$7,975,000	$241,667	$2,875	4.04%
43%	33	$6,815,000	$206,515	$3,635	4.13%
44%	25	$3,905,000	$156,200	$2,934	3.95%
42%	24	$4,890,000	$203,750	$3,763	4.24%
49%	24	$3,930,000	$163,750	$3,029	3.95%
46%	21	$3,405,000	$162,143	$3,644	4.08%
37%	20	$3,070,000	$153,500	$2,946	4.21%
40%	18	$3,940,000	$218,889	$3,467	4.53%
48%	17	$3,245,000	$190,882	$3,428	3.94%
45%	16	$3,310,000	$206,875	$3,702	4.17%
38%	15	$2,755,000	$183,667	$3,156	4.28%
36%	14	$3,220,000	$230,000	$3,748	4.22%
41%	13	$3,125,000	$240,385	$3,386	4.39%
47%	12	$2,850,000	$237,500	$4,578	3.73%
39%	11	$3,495,000	$317,727	$2,988	4.38%
>60%	9	$1,695,000	$188,333	$7,936	4.64%

Access Bank lent most frequently to those with DTI ratios of 20-30%, with 99 originations. The next most common DTI ratio? 30-36%, with 83 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	487	$102,165,000	$209,784	$3,540	4.09%
Not applicable	49	$38,835,000	$792,551	$0	5.52%
Not provided	15	$3,725,000	$248,333	$4,884	4.17%
Asian	19	$3,605,000	$189,737	$2,894	4.37%
Black	17	$2,775,000	$163,235	$3,009	3.60%
Asian Indian	2	$610,000	$305,000	$2,876	4.13%
American Indian	1	$245,000	$245,000	$10,004	3.50%
Native Hawaiian or Islander	1	$185,000	$185,000	$2,880	3.38%

Approval Rates

Total approvals of all applications
95.39%

Access 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
86.29%

Access Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	591	$152,145,000	$257,437

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	9	$33,165,000	$3,685,000
Single Family (1-4 Units):Manufactured	1	$175,000	$175,000
Single Family (1-4 Units):Site-Built	581	$118,805,000	$204,484

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	15	$2,405,000	$160,333	$1,844	5.52%
40-60%	29	$8,745,000	$301,552	$2,466	4.34%
60-80%	201	$48,925,000	$243,408	$2,570	4.45%
80-100%	296	$86,390,000	$291,858	$3,962	4.03%
Over 100%	19	$4,875,000	$256,579	$9,403	3.78%
Under 20%	31	$805,000	$25,968	$328	3.72%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Access Bank	1941 South 42nd Street Omaha, NE 68105	Full Service B&M	$8,807
Access Bank	203 North 180th Street Omaha, NE 68118	Full Service B&M	$14,742
Access Bank	2710 South 140th Street Omaha, NE 68144	Full Service B&M	$54,231
Access Bank	7223 South 84th Street La Vista, NE 68128	Full Service B&M	$77,245
Access Bank	774 Olson Drive, Suite 101 Papillion, NE 68046	Full Service B&M	$12,586
Access Bank	8712 West Dodge Road Omaha, NE 68114	Limited, Mobile/Seasonal Office	$0
Access Bank	8712 West Dodge Road Omaha, NE 68114	Full Service B&M	$326,286

For 2019, Access Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$27,119
Net interest income	$22,703
Total noninterest income	$5,343
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$251
Trading account gains and fees	$0
Additional Noninterest Income	$5,092
Pre-tax net operating income	$8,333
Securities gains (or losses, -)	$2
Income before extraordinary items	$6,739
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$6,739
Minority interest net income	$0
Net income	$6,739
Sale, conversion, retirement of capital stock, net	$268
Net operating income	$6,737

Access Bank's gross interest income from loans was $27,119,000.
Access Bank's net interest income from loans was $22,703,000.
Access Bank's fee based income from loans was $251,000.
Access Bank's net income from loans was $6,739,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,416
Provision for credit losses	$862
Total noninterest expense	$18,851
Salaries and employee benefits	$11,894
Premises and equipment expense	$1,781
Additional noninterest expense	$5,176
Applicable income taxes	$1,596
Net charge-offs	$-469
Cash dividends	$398

Access Bank's interest expense for loans was $4,416,000.
Access Bank's payroll and benefits expense were $11,894,000.
Access Bank's property, plant and equipment expenses $1,781,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	0.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	1.0%
Personal loans	0.0%
Credit card loans	0.0%
Other individual loans	0.0%
Auto loans	0.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$570,283
Deposits held in domestic offices	$570,283
Deposits by Individuals, partnerships, and corporations	$552,211
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$15,612
Deposits by Commercial banks and other depository institutions in U.S.	$2,460
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$97,665
Demand deposits	$97,665
Nontransaction accounts	$472,618
Money market deposit accounts (MMDAs)	$104,545
Other savings deposits (excluding MMDAs)	$282,610
Total time deposits	$85,463
Total time and savings deposits	$472,618
Noninterest-bearing deposits	$251,945
Interest-bearing deposits	$318,338
Retail deposits	$540,160
IRAs and Keogh plan accounts	$6,275
Brokered deposits	$15,000
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$658,907
Cash & Balances due from depository institutions	$107,518
Interest-bearing balances	$102,778
Total securities	$47,778
Federal funds sold & reverse repurchase	$0
Net loans and leases	$472,501
Loan and leases loss allowance	$7,250
Trading account assets	$0
Bank premises and fixed assets	$9,883
Other real estate owned	$0
Goodwill and other intangibles	$11,803
All other assets	$9,424

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$658,907
Total Liabilities	$583,340
Total deposits	$570,283
Interest-bearing deposits	$318,338
Deposits held in domestic offices	$570,283
% insured (estimated)	$44
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$8,061
Subordinated debt	$0
All other liabilities	$4,996

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$472,501
Loan and leases loss allowance	$7,250
Total loans and leases (domestic)	$479,751
All real estate loans	$362,163
Real estate loans in domestic offices	$362,163
Construction and development loans	$56,125
Residential 1-4 family construction	$18,904
Other construction, all land development and other land	$37,221
Loans secured by nonfarm nonresidential properties	$179,149
Nonfarm nonresidential secured by owner-occupied properties	$64,467
Commercial real estate & other non-farm, non-residential	$114,682
Multifamily residential real estate	$25,614
1-4 family residential loans	$97,111
Farmland loans	$4,164
Loans held in foreign offices	$0
Farm loans	$4,562
Commercial and industrial loans	$106,446
To non-U.S. addressees	$0
Loans to individuals	$2,130
Credit card loans	$0
Related Plans	$1,237
Consumer Auto Loans	$572
Other loans to individuals	$321
All other loans & leases	$4,450
Loans to foreign governments and official institutions	$0
Other loans	$1,513
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$213
Non 1-4 family restructured loans & leases	$213
Total loans and leases (foreign)	$0

Access Bank had $472,501,000 of loans outstanding in 2019. $362,163,000 of loans were in real estate loans. $56,125,000 of loans were in development loans. $25,614,000 of loans were in multifamily mortgage loans. $97,111,000 of loans were in 1-4 family mortgage loans. $4,562,000 of loans were in farm loans. $0 of loans were in credit card loans. $572,000 of loans were in the auto loan category.

Small Business Loans

Categorization	# of Loans in Category	$ amount of loans (in 000's)	Average $/loan
Nonfarm, nonresidential loans - <$1MM	195	$51,093	$262,015
Nonfarm, nonresidential loans - <$100k	28	$952	$34,000
Nonfarm, nonresidential loans - $100-250k	43	$6,016	$139,907
Nonfarm, nonresidential loans - $250k-1MM	124	$44,125	$355,847
Commercial & Industrial, US addressed loans - <$1MM	400	$40,476	$101,190
Commercial & Industrial, US addressed loans - <$100k	216	$4,687	$21,699
Commercial & Industrial, US addressed loans - $100-250k	76	$7,783	$102,408
Commercial & Industrial, US addressed loans - $250k-1MM	108	$28,006	$259,315
Farmland loans - <$1MM	7	$997	$142,429
Farmland loans - <$100k	1	$60	$60,000
Farmland loans - $100-250k	3	$363	$121,000
Farmland loans - $250k-1MM	3	$574	$191,333
Agriculture operations loans - <$1MM	9	$1,741	$193,444
Agriculture operations loans - <$100k	5	$241	$48,200
Agriculture operations loans - $250k-1MM	4	$1,500	$375,000