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 Cash Out 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 Beatrice 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

    180

    Origination Dollar Volume (All Markets)

    $14,280,000

    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) 131 $10,135,000 $77,366 $0 0.00%
    LINCOLN, NE (FHA|USDA|VA) 40 $3,660,000 $91,500 $0 0.00%
    Outside of Metro Areas 8 $460,000 $57,500 $0 0.00%
    Beatrice, NE (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    First Nebraska Credit Union's top markets include Omaha, Lincoln, and Beatrice among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 176 $13,150,000 $74,716 $0 0.00%
    VA 4 $1,130,000 $282,500 $0 0.00%

    For 2022, First Nebraska Credit Union's most frequently originated type of loan was Conventional, with 176 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 67 $2,655,000 $39,627 $0 0.00%
    Home Improvement 51 $1,905,000 $37,353 $0 0.00%
    Cash Out Refi 36 $5,130,000 $142,500 $0 0.00%
    Home Purchase 20 $3,910,000 $195,500 $0 0.00%
    Refi 6 $680,000 $113,333 $0 0.00%

    For 2022, First Nebraska Credit Union's most frequently cited loan purpose was Other, with 67 originations. The 2nd most popular reason was Home Improvement, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 180 $14,280,000 $79,333 $0 0.00%

    For 2022, First Nebraska Credit Union's most frequently cited loan duration was Other, with 180 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 133 $5,375,000 $40,414 $0 0.00%
    $100k-200k 31 $4,415,000 $142,419 $0 0.00%
    $200k-400k 14 $3,630,000 $259,286 $0 0.00%
    $400k-600k 2 $860,000 $430,000 $0 0.00%

    2022 saw First Nebraska Credit Union place emphasis on $100,000 or less loans with 133 originations, totaling $5,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 57 $4,685,000 $82,193 $0 0.00%
    $50k-75k 36 $2,470,000 $68,611 $0 0.00%
    $75k-100k 32 $3,080,000 $96,250 $0 0.00%
    $150k-250k 27 $2,935,000 $108,704 $0 0.00%
    $50k or less 24 $980,000 $40,833 $0 0.00%
    $250k+ 4 $130,000 $32,500 $0 0.00%

    First Nebraska Credit Union lent most frequently to those with incomes in the $100k-150k range, with 57 originations. The second most popular income band? $50k-75k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 180 $14,280,000 $79,333 $0 0.00%

    First Nebraska Credit Union lent most frequently to those with DTI ratios of Exempt%, with 180 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $11,165,000 $81,496 $0 0.00%
    Not provided 29 $2,215,000 $76,379 $0 0.00%
    Black 13 $875,000 $67,308 $0 0.00%
    Asian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.46%

    First Nebraska Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    59.44%

    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 180 $14,280,000 $79,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    180 $14,280,000 $79,333

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%