Dundee Bank Mortgage Rates, Fees & Info

Omaha, NE

LEI: 549300QRH7IX8IMYTC57

Tax ID: 47-0294050

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Mortgage Data

Bank Data

Review & Overview

Dundee Bank is a smaller bank specializing in Home Purchase and Refi loans. Dundee Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Omaha, Phoenix, Lincoln, Fremont, and Kearney among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

Dundee 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. Dundee 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 6.82% 3/24/24
30 Year Conventional Refi 6.69% 3/24/24
30 Year Cash-out Refi 6.75% 3/24/24
30 Year FHA Purchase 7.12% 3/24/24
30 Year FHA Refi 7.01% 3/24/24
15 Year Conventional Purchase 6.18% 3/24/24
15 Year Conventional Refi 6.11% 3/24/24
15 Year Cash-out Refi 6.11% 3/24/24
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.

Dundee Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Dundee 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

934

Origination Dollar Volume (All Markets)

$232,960,000

Employee count

62

Awards

Dundee Bank 30 Year Conventional Loans silver Dundee Bank FHA Loans silver
Show all (2) 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) 878 $219,800,000 $250,342 $2,670 3.18%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $3,160,000 $395,000 $4,309 3.05%
LINCOLN, NE (FHA|USDA|VA) 13 $2,625,000 $201,923 $3,042 3.20%
Outside of Metro Areas 12 $2,470,000 $205,833 $2,350 3.01%
Fremont, NE (FHA|USDA|VA) 5 $795,000 $159,000 $3,494 3.60%
Kearney, NE (FHA|USDA|VA) 2 $700,000 $350,000 $1,891 2.63%
Beatrice, NE (FHA|USDA|VA) 1 $355,000 $355,000 $2,395 3.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $345,000 $345,000 $1,589 3.25%
TUCSON, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $3,160 3.38%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $305,000 $305,000 $2,889 3.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $295,000 $295,000 $4,643 3.38%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,642 3.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,054 2.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.63%
Maryville, MO (FHA|USDA|VA) 1 $155,000 $155,000 $4,409 2.50%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $155,000 $155,000 $2,483 3.25%
Lexington, NE (FHA|USDA|VA) 1 $145,000 $145,000 $4,607 3.50%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.00%
Columbus, NE (FHA|USDA|VA) 1 $125,000 $125,000 $1,831 2.13%
Farmington, MO (FHA|USDA|VA) 1 $115,000 $115,000 $1,539 2.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,170 2.50%
Dundee Bank's top markets include Omaha, Phoenix, Lincoln, Fremont, and Kearney among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Dundee Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 413
    MUTUAL FIRST
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    Cobalt Credit Union
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    CORNHUSKER BANK
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    Central National Bank
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    Security First Bank
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    LIBERTY FIRST
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 870 $219,540,000 $252,345 $2,377 3.20%
    FHA 64 $13,420,000 $209,688 $6,062 2.90%

    For 2021, Dundee Bank's most frequently originated type of loan was Conventional, with 870 originations. Their 2nd most popular type was FHA, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 485 $115,665,000 $238,485 $3,037 3.20%
    Refi 305 $85,495,000 $280,311 $2,289 3.18%
    Cash Out Refi 142 $31,350,000 $220,775 $2,315 3.10%
    Home Improvement 2 $450,000 $225,000 $0 4.00%

    For 2021, Dundee Bank's most frequently cited loan purpose was Home Purchase, with 485 originations. The 2nd most popular reason was Refi, with 305 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 604 $144,010,000 $238,427 $2,939 3.14%
    15 Year 144 $27,760,000 $192,778 $2,025 2.62%
    20 Year 85 $14,615,000 $171,941 $2,185 3.76%
    5 Year 61 $18,895,000 $309,754 $0 4.14%
    Other 20 $24,710,000 $1,235,500 $1,340 3.74%
    10 Year 15 $945,000 $63,000 $481 1.89%
    1 Year 5 $2,025,000 $405,000 $0 4.15%

    For 2021, Dundee Bank's most frequently cited loan duration was 30 Year, with 604 originations. The 2nd most popular length was 15 Year, with 144 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 636 $142,920,000 $224,717
    $1k-2k 90 $23,080,000 $256,444
    $2k-3k 19 $6,085,000 $320,263
    $3k-4k 6 $2,250,000 $375,000
    $4k-5k 1 $255,000 $255,000

    Dundee Bank's average total fees were $2,939, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 636 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 455 $127,015,000 $279,154
    2.5-3% 275 $64,205,000 $233,473
    <2.5% 115 $21,655,000 $188,304
    4-5% 89 $20,085,000 $225,674

    During 2021, Dundee Bank's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 3-4%, with 455 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 394 $105,600,000 $268,020 $3,074 3.15%
    $100k-200k 358 $54,270,000 $151,592 $2,370 3.14%
    $100,000 or less 101 $6,915,000 $68,465 $1,289 3.41%
    $400k-600k 63 $29,905,000 $474,683 $2,774 3.04%
    $1MM+ 10 $30,330,000 $3,033,000 $0 4.02%
    $600k-1MM 8 $5,940,000 $742,500 $3,891 3.78%

    2021 saw Dundee Bank place emphasis on $200k-400k loans with 394 originations, totaling $105,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 192 $46,310,000 $241,198 $2,630 3.07%
    $50k-75k 166 $30,810,000 $185,602 $2,829 2.99%
    $75k-100k 160 $33,740,000 $210,875 $2,844 3.04%
    $150k-250k 129 $36,245,000 $280,969 $2,499 2.99%
    $50k or less 87 $12,335,000 $141,782 $2,653 2.92%
    $250k+ 67 $22,145,000 $330,522 $2,477 3.16%

    Dundee Bank lent most frequently to those with incomes in the $100k-150k range, with 192 originations. The second most popular income band? $50k-75k, with 166 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 231 $51,775,000 $224,134 $2,373 3.03%
    30-36% 135 $31,295,000 $231,815 $2,737 3.04%
    <20% 106 $23,080,000 $217,736 $2,069 2.86%
    42% 30 $6,880,000 $229,333 $2,816 3.07%
    44% 29 $5,795,000 $199,828 $2,838 2.90%
    41% 29 $6,895,000 $237,759 $2,833 2.92%
    37% 26 $6,570,000 $252,692 $2,654 3.20%
    38% 26 $6,100,000 $234,615 $2,333 3.10%
    36% 24 $4,630,000 $192,917 $2,677 3.04%
    39% 23 $5,075,000 $220,652 $3,257 3.15%
    43% 21 $4,705,000 $224,048 $3,673 3.11%
    50-60% 21 $4,585,000 $218,333 $6,103 3.02%
    40% 19 $3,565,000 $187,632 $2,225 2.99%
    48% 17 $4,615,000 $271,471 $3,311 3.10%
    47% 17 $3,835,000 $225,588 $3,335 3.07%
    49% 16 $4,410,000 $275,625 $3,498 3.15%
    45% 15 $3,715,000 $247,667 $2,753 3.08%
    46% 13 $3,435,000 $264,231 $2,369 2.95%
    >60% 3 $625,000 $208,333 $1,809 4.08%

    Dundee Bank lent most frequently to those with DTI ratios of 20-30%, with 231 originations. The next most common DTI ratio? 30-36%, with 135 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 684 $156,750,000 $229,167 $2,649 3.03%
    Not applicable 130 $49,870,000 $383,615 $0 4.13%
    Not provided 61 $12,505,000 $205,000 $2,655 2.96%
    Asian 40 $9,490,000 $237,250 $3,130 3.02%
    Black 15 $2,935,000 $195,667 $3,556 3.22%
    Native Hawaiian or Islander 1 $965,000 $965,000 $0 3.95%
    Filipino 1 $265,000 $265,000 $7,185 2.75%
    Other Asian 2 $180,000 $90,000 $2,754 2.00%

    Approval Rates

    Total approvals of all applications
    94.58%

    Dundee Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.83%

    Dundee Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 934 $232,960,000 $249,422

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    934 $232,960,000 $249,422

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $6,905,000 $160,581 $1,888 3.10%
    40-60% 119 $35,995,000 $302,479 $1,977 3.00%
    60-80% 388 $97,780,000 $252,010 $2,296 3.29%
    80-100% 370 $89,390,000 $241,595 $3,365 3.17%
    Under 20% 14 $2,890,000 $206,429 $180 2.09%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Dundee Bank 302 South 38th Street Omaha, NE 68131 Full Service B&M $111,420
    Dundee Bank 5015 Underwood Avenue Omaha, NE 68132 Full Service B&M $261,363

    For 2021, Dundee Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,332
    Net interest income $18,254
    Total noninterest income $8,793
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $168
    Trading account gains and fees $0
    Additional Noninterest Income $8,625
    Pre-tax net operating income $12,388
    Securities gains (or losses, -) $4
    Income before extraordinary items $12,224
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,224
    Minority interest net income $0
    Net income $12,224
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,220

    Dundee Bank's gross interest income from loans was $20,332,000.
    Dundee Bank's net interest income from loans was $18,254,000.
    Dundee Bank's fee based income from loans was $168,000.
    Dundee Bank's net income from loans was $12,224,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,078
    Provision for credit losses $1,700
    Total noninterest expense $12,959
    Salaries and employee benefits $8,157
    Premises and equipment expense $986
    Additional noninterest expense $3,816
    Applicable income taxes $168
    Net charge-offs $299
    Cash dividends $6,275

    Dundee Bank's interest expense for loans was $2,078,000.
    Dundee Bank's payroll and benefits expense were $8,157,000.
    Dundee Bank's property, plant and equipment expenses $986,000.

    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 $406,720
    Deposits held in domestic offices $406,720
    Deposits by Individuals, partnerships, and corporations $333,244
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,516
    Deposits by Commercial banks and other depository institutions in U.S. $63,960
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $126,761
    Demand deposits $124,471
    Nontransaction accounts $279,959
    Money market deposit accounts (MMDAs) $109,991
    Other savings deposits (excluding MMDAs) $17,057
    Total time deposits $152,911
    Total time and savings deposits $282,249
    Noninterest-bearing deposits $99,429
    Interest-bearing deposits $307,291
    Retail deposits $358,454
    IRAs and Keogh plan accounts $6,091
    Brokered deposits $29,652
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $479,987
    Cash & Balances due from depository institutions $4,376
    Interest-bearing balances $3,533
    Total securities $37,424
    Federal funds sold & reverse repurchase $5
    Net loans and leases $417,701
    Loan and leases loss allowance $5,938
    Trading account assets $0
    Bank premises and fixed assets $10,531
    Other real estate owned $0
    Goodwill and other intangibles $3,720
    All other assets $6,230

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $479,987
    Total Liabilities $433,747
    Total deposits $406,720
    Interest-bearing deposits $307,291
    Deposits held in domestic offices $406,720
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $26,553
    Subordinated debt $0
    All other liabilities $474

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $417,701
    Loan and leases loss allowance $5,938
    Total loans and leases (domestic) $423,639
    All real estate loans $349,482
    Real estate loans in domestic offices $349,482
    Construction and development loans $37,314
    Residential 1-4 family construction $6,851
    Other construction, all land development and other land $30,463
    Loans secured by nonfarm nonresidential properties $162,846
    Nonfarm nonresidential secured by owner-occupied properties $70,002
    Commercial real estate & other non-farm, non-residential $92,844
    Multifamily residential real estate $42,176
    1-4 family residential loans $96,477
    Farmland loans $10,669
    Loans held in foreign offices $0
    Farm loans $2,529
    Commercial and industrial loans $70,912
    To non-U.S. addressees $0
    Loans to individuals $312
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $125
    Other loans to individuals $187
    All other loans & leases $405
    Loans to foreign governments and official institutions $0
    Other loans $5
    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 $625
    Non 1-4 family restructured loans & leases $246
    Total loans and leases (foreign) $0

    Dundee Bank had $417,701,000 of loans outstanding in 2021. $349,482,000 of loans were in real estate loans. $37,314,000 of loans were in development loans. $42,176,000 of loans were in multifamily mortgage loans. $96,477,000 of loans were in 1-4 family mortgage loans. $2,529,000 of loans were in farm loans. $0 of loans were in credit card loans. $125,000 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 85 $27,638 $325,153
    Nonfarm, nonresidential loans - <$100k 7 $382 $54,571
    Nonfarm, nonresidential loans - $100-250k 23 $3,391 $147,435
    Nonfarm, nonresidential loans - $250k-1MM 55 $23,865 $433,909
    Commercial & Industrial, US addressed loans - <$1MM 183 $24,550 $134,153
    Commercial & Industrial, US addressed loans - <$100k 91 $2,338 $25,692
    Commercial & Industrial, US addressed loans - $100-250k 42 $5,346 $127,286
    Commercial & Industrial, US addressed loans - $250k-1MM 50 $16,866 $337,320
    Farmland loans - <$1MM 7 $1,637 $233,857
    Farmland loans - $100-250k 2 $386 $193,000
    Farmland loans - $250k-1MM 5 $1,251 $250,200
    Agriculture operations loans - <$1MM 2 $64 $32,000
    Agriculture operations loans - $100-250k 2 $64 $32,000