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, Charleston, Fremont, and Grand Island among others. We have data for 7 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
212Origination Dollar Volume (All Markets)
$23,450,000Top 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) | 157 | $17,255,000 | $109,904 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 42 | $4,570,000 | $108,810 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $835,000 | $119,286 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Fremont, NE (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 0.00% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Beatrice, NE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 211 | $23,105,000 | $109,502 | $0 | 0.00% |
| VA | 1 | $345,000 | $345,000 | $0 | 0.00% |
For 2021, First Nebraska Credit Union's most frequently originated type of loan was Conventional, with 211 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2021, First Nebraska Credit Union's most frequently cited loan purpose was Cash Out Refi, with 92 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 212 | $23,450,000 | $110,613 | $0 | 0.00% |
For 2021, First Nebraska Credit Union's most frequently cited loan duration was Other, with 212 originations.
Loan Sizing
2021 saw First Nebraska Credit Union place emphasis on $100,000 or less loans with 104 originations, totaling $5,280,000 in origination value.
Applicant Income
First Nebraska Credit Union lent most frequently to those with incomes in the $100k-150k range, with 62 originations. The second most popular income band? $50k-75k, with 48 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 212 | $23,450,000 | $110,613 | $0 | 0.00% |
First Nebraska Credit Union lent most frequently to those with DTI ratios of Exempt%, with 212 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.85%
First Nebraska Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination71.70%
First Nebraska Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 212 | $23,450,000 | $110,613 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Technology Federal Credit Union | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Trouble during payment process | 2 | 28.6% |
| First Technology Federal Credit Union | Other type of mortgage | Trouble during payment process | 1 | 14.3% |
| First Technology Federal Credit Union | FHA mortgage | Struggling to pay mortgage | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Closing on a mortgage | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Incorrect information on your report | 1 | 14.3% |