Access Bank Mortgage Rates, Fees & Info

Omaha, NE

LEI: 5493009PLGT79KQ6HO15

Tax ID: 26-1375622

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Mortgage Data

Bank Data

Review & Overview

Access Bank is a smaller bank specializing in Home Purchase and Refi 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, Kansas City, Lincoln, Fremont, and Phoenix among others. We have data for 36 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.67% 11/21/24
30 Year Conventional Refi 6.61% 11/21/24
30 Year Cash-out Refi 6.61% 11/21/24
30 Year FHA Purchase 7.28% 11/21/24
30 Year VA Purchase 6.37% 11/21/24
15 Year Conventional Purchase 6.27% 11/21/24
15 Year Conventional Refi 6.08% 11/21/24
15 Year Cash-out Refi 6.08% 11/21/24
15 Year FHA Purchase 7.14% 11/21/24
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






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

794

Origination Dollar Volume (All Markets)

$187,060,000

Employee count

123 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) 709 $160,165,000 $225,903 $3,023 3.04%
KANSAS CITY, MO-KS (FHA|USDA|VA) 9 $3,725,000 $413,889 $4,424 3.31%
Outside of Metro Areas 15 $3,615,000 $241,000 $2,717 3.60%
LINCOLN, NE (FHA|USDA|VA) 13 $2,805,000 $215,769 $1,780 2.81%
Fremont, NE (FHA|USDA|VA) 5 $2,355,000 $471,000 $3,485 3.28%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $2,150,000 $358,333 $3,266 2.77%
Warrensburg, MO (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $10,070 3.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,090,000 $545,000 $4,543 2.94%
FORT COLLINS, CO (FHA|USDA|VA) 2 $940,000 $470,000 $3,133 2.56%
Spearfish, SD (FHA|USDA|VA) 1 $815,000 $815,000 $8,262 3.75%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $775,000 $775,000 $0 4.25%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $760,000 $380,000 $7,675 2.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $435,000 $435,000 $4,490 3.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,405 3.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $365,000 $365,000 $2,981 2.50%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $360,000 $180,000 $2,300 2.88%
RICHMOND, VA (FHA|USDA|VA) 1 $355,000 $355,000 $3,650 3.00%
RAPID CITY, SD (FHA|USDA|VA) 1 $355,000 $355,000 $14,699 2.63%
Norfolk, NE (FHA|USDA|VA) 3 $315,000 $105,000 $1,868 3.08%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $315,000 $315,000 $2,160 2.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $315,000 $315,000 $13,755 2.50%
PROVO-OREM, UT (FHA|USDA|VA) 1 $275,000 $275,000 $3,189 2.88%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $265,000 $265,000 $2,411 2.63%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.38%
TULSA, OK (FHA|USDA|VA) 1 $255,000 $255,000 $2,499 2.88%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $245,000 $245,000 $1,811 3.00%
Scottsbluff, NE (FHA|USDA|VA) 1 $235,000 $235,000 $4,064 3.13%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $230,000 $115,000 $0 3.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.38%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.88%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $205,000 $205,000 $3,243 2.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $195,000 $195,000 $2,974 2.88%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $165,000 $165,000 $1,896 3.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,592 3.50%
GREELEY, CO (FHA|USDA|VA) 1 $135,000 $135,000 $2,329 2.63%
GREEN BAY, WI (FHA|USDA|VA) 1 $125,000 $125,000 $2,563 3.25%
Access Bank's top markets include Omaha, Kansas City, Lincoln, Fremont, and Phoenix among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 667 $153,925,000 $230,772 $2,382 3.13%
    VA 67 $21,055,000 $314,254 $5,870 2.53%
    FHA 60 $12,080,000 $201,333 $6,038 2.74%

    For 2021, Access Bank's most frequently originated type of loan was Conventional, with 667 originations. Their 2nd most popular type was VA, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 436 $108,140,000 $248,028 $3,805 3.12%
    Refi 220 $49,560,000 $225,273 $2,177 2.84%
    Cash Out Refi 126 $27,210,000 $215,952 $2,510 3.08%
    Home Improvement 6 $990,000 $165,000 $1,030 4.24%
    Other 6 $1,160,000 $193,333 $2,413 3.38%

    For 2021, Access Bank's most frequently cited loan purpose was Home Purchase, with 436 originations. The 2nd most popular reason was Refi, with 220 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 590 $145,740,000 $247,017 $3,375 3.03%
    15 Year 94 $19,700,000 $209,574 $2,222 2.55%
    Other 31 $6,535,000 $210,806 $2,474 3.71%
    5 Year 29 $8,025,000 $276,724 $150 4.25%
    1 Year 18 $2,680,000 $148,889 $2,778 4.54%
    20 Year 15 $3,405,000 $227,000 $2,432 2.91%
    10 Year 15 $615,000 $41,000 $321 1.61%
    3 Year 2 $360,000 $180,000 $0 3.95%

    For 2021, Access Bank's most frequently cited loan duration was 30 Year, with 590 originations. The 2nd most popular length was 15 Year, with 94 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 596 $139,190,000 $233,540
    $1k-2k 36 $7,730,000 $214,722
    $4k-5k 10 $8,390,000 $839,000
    $2k-3k 9 $2,545,000 $282,778
    $3k-4k 6 $2,670,000 $445,000
    $5k+ 4 $2,510,000 $627,500

    Access Bank's average total fees were $3,375, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 596 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 341 $82,575,000 $242,155
    3-4% 271 $63,965,000 $236,033
    <2.5% 130 $29,650,000 $228,077
    4-5% 44 $10,060,000 $228,636
    5-6% 6 $760,000 $126,667
    6-7% 2 $50,000 $25,000

    During 2021, Access Bank's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 341 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 330 $90,420,000 $274,000 $3,571 2.91%
    $100k-200k 300 $46,200,000 $154,000 $2,543 3.15%
    $100,000 or less 87 $5,635,000 $64,770 $1,387 3.16%
    $400k-600k 60 $29,000,000 $483,333 $3,092 2.95%
    $600k-1MM 12 $9,410,000 $784,167 $6,457 3.74%
    $1MM+ 5 $6,395,000 $1,279,000 $9,043 3.79%

    2021 saw Access Bank place emphasis on $200k-400k loans with 330 originations, totaling $90,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 179 $45,235,000 $252,709 $2,867 3.06%
    $50k-75k 174 $31,940,000 $183,563 $3,336 2.91%
    $75k-100k 115 $26,665,000 $231,870 $3,453 2.92%
    $150k-250k 101 $28,595,000 $283,119 $2,950 3.13%
    $50k or less 89 $11,465,000 $128,820 $2,626 2.85%
    $250k+ 71 $23,985,000 $337,817 $4,031 3.40%

    Access Bank lent most frequently to those with incomes in the $100k-150k range, with 179 originations. The second most popular income band? $50k-75k, with 174 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 173 $41,485,000 $239,798 $2,759 2.96%
    30-36% 137 $31,345,000 $228,796 $2,570 3.02%
    <20% 69 $12,395,000 $179,638 $2,068 2.88%
    43% 36 $8,140,000 $226,111 $2,833 3.10%
    38% 31 $7,875,000 $254,032 $3,442 3.21%
    50-60% 30 $8,000,000 $266,667 $6,313 2.79%
    37% 28 $8,070,000 $288,214 $3,635 3.02%
    39% 27 $6,665,000 $246,852 $3,410 3.10%
    42% 26 $5,030,000 $193,462 $2,571 3.18%
    36% 26 $5,020,000 $193,077 $3,519 3.25%
    40% 26 $5,670,000 $218,077 $2,659 3.06%
    41% 24 $5,730,000 $238,750 $4,132 2.88%
    44% 23 $4,935,000 $214,565 $2,521 3.14%
    48% 19 $4,915,000 $258,684 $3,150 3.10%
    47% 18 $4,180,000 $232,222 $2,539 2.83%
    49% 17 $3,415,000 $200,882 $4,594 3.19%
    46% 15 $3,915,000 $261,000 $5,635 2.93%
    45% 13 $3,595,000 $276,538 $2,918 2.99%
    >60% 6 $1,410,000 $235,000 $7,986 3.32%

    Access Bank lent most frequently to those with DTI ratios of 20-30%, with 173 originations. The next most common DTI ratio? 30-36%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 645 $150,205,000 $232,876 $2,967 3.01%
    Not provided 51 $14,165,000 $277,745 $3,577 2.96%
    Not applicable 31 $9,215,000 $297,258 $0 4.24%
    Black 40 $7,160,000 $179,000 $3,792 2.88%
    Asian 22 $5,270,000 $239,545 $4,130 2.97%
    American Indian 2 $520,000 $260,000 $5,711 2.56%
    Native Hawaiian or Islander 1 $205,000 $205,000 $3,243 2.75%
    Other Asian 1 $185,000 $185,000 $2,183 2.75%
    Asian Indian 1 $135,000 $135,000 $0 3.50%

    Approval Rates

    Total approvals of all applications
    96.02%

    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
    85.77%

    Access Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 794 $187,060,000 $235,592

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    794 $187,060,000 $235,592

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $4,420,000 $116,316 $1,855 3.43%
    40-60% 114 $22,730,000 $199,386 $2,221 2.94%
    60-80% 300 $72,990,000 $243,300 $2,479 3.14%
    80-100% 309 $82,155,000 $265,874 $3,619 3.00%
    Over 100% 14 $4,450,000 $317,857 $12,085 2.58%
    Under 20% 19 $315,000 $16,579 $110 2.55%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    AXOS FINANCIAL, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.3%
    AXOS FINANCIAL, INC. Conventional home mortgage Closing on a mortgage 2 4.3%
    AXOS FINANCIAL, INC. Conventional home mortgage Incorrect information on your report 1 2.1%
    AXOS FINANCIAL, INC. Conventional home mortgage Struggling to pay mortgage 6 12.8%
    AXOS FINANCIAL, INC. Conventional home mortgage Trouble during payment process 24 51.1%
    AXOS FINANCIAL, INC. FHA mortgage Struggling to pay mortgage 1 2.1%
    AXOS FINANCIAL, INC. FHA mortgage Trouble during payment process 1 2.1%
    AXOS FINANCIAL, INC. Other type of mortgage Closing on a mortgage 1 2.1%
    AXOS FINANCIAL, INC. Other type of mortgage Struggling to pay mortgage 2 4.3%
    AXOS FINANCIAL, INC. Other type of mortgage Trouble during payment process 5 10.6%
    AXOS FINANCIAL, INC. VA mortgage Trouble during payment process 2 4.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Access Bank 1941 South 42nd Street Omaha, NE 68105 Full Service B&M $12,513
    Access Bank 203 North 180th Street Omaha, NE 68118 Full Service B&M $23,907
    Access Bank 2710 South 140th Street Omaha, NE 68144 Full Service B&M $72,785
    Access Bank 7223 South 84th Street La Vista, NE 68128 Full Service B&M $98,878
    Access Bank 774 Olson Drive, Suite 101 Papillion, NE 68046 Full Service B&M $38,544
    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 $492,388

    For 2021, Access Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,286
    Net interest income $27,665
    Total noninterest income $9,434
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $299
    Trading account gains and fees $0
    Additional Noninterest Income $9,135
    Pre-tax net operating income $13,210
    Securities gains (or losses, -) $0
    Income before extraordinary items $10,589
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,589
    Minority interest net income $0
    Net income $10,589
    Sale, conversion, retirement of capital stock, net $525
    Net operating income $10,589

    Access Bank's gross interest income from loans was $29,286,000.
    Access Bank's net interest income from loans was $27,665,000.
    Access Bank's fee based income from loans was $299,000.
    Access Bank's net income from loans was $10,589,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,621
    Provision for credit losses $650
    Total noninterest expense $23,239
    Salaries and employee benefits $15,899
    Premises and equipment expense $1,446
    Additional noninterest expense $5,894
    Applicable income taxes $2,621
    Net charge-offs $16
    Cash dividends $3,116

    Access Bank's interest expense for loans was $1,621,000.
    Access Bank's payroll and benefits expense were $15,899,000.
    Access Bank's property, plant and equipment expenses $1,446,000.

    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 0.0%
    Commercial & industrial loans 0.0%
    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 $808,526
    Deposits held in domestic offices $808,526
    Deposits by Individuals, partnerships, and corporations $759,260
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $48,023
    Deposits by Commercial banks and other depository institutions in U.S. $1,243
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $170,541
    Demand deposits $170,541
    Nontransaction accounts $637,985
    Money market deposit accounts (MMDAs) $180,049
    Other savings deposits (excluding MMDAs) $405,160
    Total time deposits $52,776
    Total time and savings deposits $637,985
    Noninterest-bearing deposits $278,474
    Interest-bearing deposits $530,052
    Retail deposits $786,543
    IRAs and Keogh plan accounts $5,976
    Brokered deposits $9,669
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $914,858
    Cash & Balances due from depository institutions $235,961
    Interest-bearing balances $229,123
    Total securities $87,966
    Federal funds sold & reverse repurchase $0
    Net loans and leases $549,131
    Loan and leases loss allowance $9,689
    Trading account assets $0
    Bank premises and fixed assets $17,423
    Other real estate owned $0
    Goodwill and other intangibles $11,270
    All other assets $13,107

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $914,858
    Total Liabilities $824,285
    Total deposits $808,526
    Interest-bearing deposits $530,052
    Deposits held in domestic offices $808,526
    % insured (estimated) $43
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $5,759

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $549,131
    Loan and leases loss allowance $9,689
    Total loans and leases (domestic) $558,820
    All real estate loans $422,153
    Real estate loans in domestic offices $422,153
    Construction and development loans $59,633
    Residential 1-4 family construction $12,393
    Other construction, all land development and other land $47,240
    Loans secured by nonfarm nonresidential properties $236,230
    Nonfarm nonresidential secured by owner-occupied properties $91,943
    Commercial real estate & other non-farm, non-residential $144,287
    Multifamily residential real estate $42,915
    1-4 family residential loans $81,950
    Farmland loans $1,425
    Loans held in foreign offices $0
    Farm loans $6,705
    Commercial and industrial loans $115,557
    To non-U.S. addressees $0
    Loans to individuals $2,299
    Credit card loans $0
    Related Plans $1,498
    Consumer Auto Loans $741
    Other loans to individuals $60
    All other loans & leases $12,106
    Loans to foreign governments and official institutions $0
    Other loans $5,827
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Access Bank had $549,131,000 of loans outstanding in 2021. $422,153,000 of loans were in real estate loans. $59,633,000 of loans were in development loans. $42,915,000 of loans were in multifamily mortgage loans. $81,950,000 of loans were in 1-4 family mortgage loans. $6,705,000 of loans were in farm loans. $0 of loans were in credit card loans. $741,000 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 182 $52,059 $286,038
    Nonfarm, nonresidential loans - <$100k 23 $815 $35,435
    Nonfarm, nonresidential loans - $100-250k 39 $5,251 $134,641
    Nonfarm, nonresidential loans - $250k-1MM 120 $45,993 $383,275
    Commercial & Industrial, US addressed loans - <$1MM 410 $43,605 $106,354
    Commercial & Industrial, US addressed loans - <$100k 214 $5,354 $25,019
    Commercial & Industrial, US addressed loans - $100-250k 83 $8,880 $106,988
    Commercial & Industrial, US addressed loans - $250k-1MM 113 $29,371 $259,920
    Farmland loans - <$1MM 5 $818 $163,600
    Farmland loans - <$100k 1 $50 $50,000
    Farmland loans - $100-250k 2 $173 $86,500
    Farmland loans - $250k-1MM 2 $595 $297,500
    Agriculture operations loans - <$1MM 7 $1,787 $255,286
    Agriculture operations loans - <$100k 3 $107 $35,667
    Agriculture operations loans - $250k-1MM 4 $1,680 $420,000