First Nebraska Credit Union Mortgage Rates, Fees & Info
Omaha, NELEI: 549300E45E0GS21KWF28
Tax ID: 47-0524996
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Nebraska Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. First Nebraska Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Lincoln, St. Louis, Phoenix, and Lexington among others. We have data for 12 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.
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Originations
177Origination Dollar Volume (All Markets)
$21,005,000Top 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) | 121 | $14,475,000 | $119,628 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 42 | $4,720,000 | $112,381 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $225,000 | $45,000 | $0 | 0.00% |
| Lexington, NE (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Fremont, NE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Norfolk, NE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Columbus, NE (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 177 | $21,005,000 | $118,672 | $0 | 0.00% |
For 2020, First Nebraska Credit Union's most frequently originated type of loan was Conventional, with 177 originations.
Loan Reason
For 2020, First Nebraska Credit Union's most frequently cited loan purpose was Cash Out Refi, with 58 originations. The 2nd most popular reason was Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 177 | $21,005,000 | $118,672 | $0 | 0.00% |
For 2020, First Nebraska Credit Union's most frequently cited loan duration was Other, with 177 originations.
Loan Sizing
2020 saw First Nebraska Credit Union place emphasis on $100,000 or less loans with 87 originations, totaling $4,055,000 in origination value.
Applicant Income
First Nebraska Credit Union lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $50k-75k, with 39 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 177 | $21,005,000 | $118,672 | $0 | 0.00% |
First Nebraska Credit Union lent most frequently to those with DTI ratios of Exempt%, with 177 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.78%
First Nebraska Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination62.71%
First Nebraska Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 177 | $21,005,000 | $118,672 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 177 | $21,005,000 | $118,672 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Technology Federal Credit Union | Conventional home mortgage | Incorrect information on your report | 1 | 25.0% |
| First Technology Federal Credit Union | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| First Technology Federal Credit Union | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 25.0% |
| First Technology Federal Credit Union | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |