First Nebraska Credit Union Mortgage Rates, Fees & Info

Omaha, NE

LEI: 549300E45E0GS21KWF28

Tax ID: 47-0524996

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    First Nebraska Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. First Nebraska Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Lincoln, and Myrtle Beach among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Nebraska Credit Union 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.

    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.

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    Originations

    96

    Origination Dollar Volume (All Markets)

    $7,090,000

    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) 67 $5,185,000 $77,388 $1,250 5.43%
    LINCOLN, NE (FHA|USDA|VA) 23 $1,465,000 $63,696 $908 5.67%
    Outside of Metro Areas 5 $425,000 $85,000 $2,047 4.63%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $15,000 $15,000 $126 5.24%
    First Nebraska Credit Union's top markets include Omaha, Lincoln, and Myrtle Beach among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 96 $7,090,000 $73,854 $1,198 5.44%

    For 2018, First Nebraska Credit Union's most frequently originated type of loan was Conventional, with 96 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 33 $3,455,000 $104,697 $1,578 4.62%
    Other 28 $660,000 $23,571 $362 6.69%
    Home Purchase 17 $2,215,000 $130,294 $2,546 4.98%
    Home Improvement 11 $415,000 $37,727 $378 5.86%
    Cash Out Refi 7 $345,000 $49,286 $763 4.82%

    For 2018, First Nebraska Credit Union's most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Other, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 32 $3,830,000 $119,688 $1,951 4.76%
    5 Year 23 $545,000 $23,696 $372 5.75%
    Other 14 $460,000 $32,857 $435 7.06%
    10 Year 13 $585,000 $45,000 $821 5.51%
    20 Year 13 $1,655,000 $127,308 $2,069 4.77%
    3 Year 1 $15,000 $15,000 $332 5.24%

    For 2018, First Nebraska Credit Union's most frequently cited loan duration was 15 Year, with 32 originations. The 2nd most popular length was 5 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 51 $1,955,000 $38,333
    $1k-2k 45 $5,135,000 $114,111

    First Nebraska Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 51 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 36 $3,040,000 $84,444
    5-6% 18 $1,460,000 $81,111
    3-4% 16 $1,630,000 $101,875
    7-8% 14 $480,000 $34,286
    6-7% 8 $350,000 $43,750
    Over 8% 4 $130,000 $32,500

    During 2018, First Nebraska Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $2,670,000 $39,265 $849 5.77%
    $100k-200k 23 $2,915,000 $126,739 $1,966 4.58%
    $200k-400k 4 $1,090,000 $272,500 $2,222 5.19%
    $400k-600k 1 $415,000 $415,000 $3,145 4.00%

    2018 saw First Nebraska Credit Union place emphasis on $100,000 or less loans with 68 originations, totaling $2,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $1,635,000 $60,556 $1,123 5.33%
    $100k-150k 24 $2,230,000 $92,917 $1,291 5.78%
    $50k or less 19 $765,000 $40,263 $810 5.55%
    $75k-100k 18 $1,690,000 $93,889 $1,495 5.00%
    $150k-250k 5 $375,000 $75,000 $1,242 6.12%
    $250k+ 1 $65,000 $65,000 $2,592 4.75%

    First Nebraska Credit Union lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $100k-150k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 30 $2,360,000 $78,667 $1,713 4.48%
    20-30% 19 $2,005,000 $105,526 $1,461 5.73%
    30-36% 8 $210,000 $26,250 $384 6.40%
    50-60% 6 $450,000 $75,000 $550 5.64%
    36% 3 $135,000 $45,000 $772 5.70%
    44% 3 $155,000 $51,667 $395 6.24%
    42% 2 $30,000 $15,000 $255 6.37%
    37% 2 $40,000 $20,000 $420 6.62%
    39% 2 $40,000 $20,000 $239 5.74%
    40% 2 $40,000 $20,000 $333 5.87%
    41% 2 $30,000 $15,000 $135 5.87%
    45% 2 $100,000 $50,000 $801 6.37%
    46% 1 $25,000 $25,000 $292 7.24%
    47% 1 $25,000 $25,000 $16 4.74%
    48% 1 $35,000 $35,000 $304 9.99%
    43% 1 $25,000 $25,000 $757 9.99%
    >60% 1 $25,000 $25,000 $354 4.99%

    First Nebraska Credit Union lent most frequently to those with DTI ratios of <20%, with 30 originations. The next most common DTI ratio? 20-30%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $6,780,000 $75,333 $1,178 5.44%
    Black 5 $195,000 $39,000 $1,403 5.77%
    American Indian 1 $115,000 $115,000 $1,978 4.25%

    Approval Rates

    Total approvals of all applications
    92.50%

    First Nebraska Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.00%

    First Nebraska Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 96 $7,090,000 $73,854

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 96 $7,090,000 $73,854

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $545,000 $49,545 $575 5.53%
    40-60% 12 $970,000 $80,833 $1,508 4.83%
    60-80% 13 $1,535,000 $118,077 $1,942 4.49%
    80-100% 14 $2,080,000 $148,571 $2,420 4.88%
    Under 20% 35 $715,000 $20,429 $324 6.48%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    First Technology Federal Credit Union Other type of mortgage Trouble during payment process 1 50.0%