Lincoln Fsb Of Nebraska Mortgage Rates, Fees & Info
Lincoln, NE
LEI: 549300U82B82JH54TO79
Tax ID: 47-0221745
5 stars
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out of 5 stars, based on 41 reviews
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Mortgage Data
Bank Data
Overview
Lincoln Fsb Of Nebraska is a
smaller
mortgage company
specializing in
Home Purchase and Refi loans.
Lincoln Fsb Of Nebraska has a high proportion of conventional loans.
They have a a low proportion of FHA loans. (This may mean they shy away from
first time homebuyers.)
They have a low ratio of USDA loans.
Their top markets include Lincoln, Omaha, Beatrice, Kearney, and Denver among others. Lincoln Fsb Of Nebraska has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Lincoln Fsb Of Nebraska is typically
a low fee
lendor.
Originations
1,686
Origination Dollar Volume (All Markets)
$367,360,000
Employee count
97
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Lincoln FSB of Nebraska - 2021
Lincoln FSB of Nebraska is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Lincoln Fsb Of Nebraska's average 30 year fixed rate mortgage of loans were
2.9%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.25%.
Relative Fees
Lincoln Fsb Of Nebraska's average total fees for a 30 year fixed rate
mortgage are $2,394.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
LINCOLN, NE (FHA|USDA|VA)
|
1,299
|
$280,775,000 |
$216,147 |
$1,990 |
2.94% |
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA)
|
255
|
$59,465,000 |
$233,196 |
$2,570 |
2.90% |
Outside of Metro Areas
|
49 |
$9,485,000 |
$193,571 |
$2,475 |
2.82% |
Beatrice, NE (FHA|USDA|VA)
|
33
|
$5,425,000 |
$164,394 |
$2,101 |
2.84% |
Kearney, NE (FHA|USDA|VA)
|
6
|
$1,530,000 |
$255,000 |
$3,652 |
2.75% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)
|
2
|
$860,000 |
$430,000 |
$2,539 |
2.75% |
Hastings, NE (FHA|USDA|VA)
|
6
|
$850,000 |
$141,667 |
$2,659 |
2.83% |
North Platte, NE (FHA|USDA|VA)
|
4
|
$720,000 |
$180,000 |
$1,749 |
3.22% |
ST. LOUIS, MO-IL (FHA|USDA|VA)
|
2
|
$670,000 |
$335,000 |
$2,045 |
2.38% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)
|
2
|
$580,000 |
$290,000 |
$2,068 |
2.38% |
Sebastian-Vero Beach, FL (FHA|USDA|VA)
|
1
|
$545,000 |
$545,000 |
$3,202 |
2.13% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)
|
1
|
$545,000 |
$545,000 |
$3,994 |
3.25% |
FORT COLLINS, CO (FHA|USDA|VA)
|
2
|
$520,000 |
$260,000 |
$2,571 |
2.75% |
Columbus, NE (FHA|USDA|VA)
|
2
|
$520,000 |
$260,000 |
$4,776 |
2.56% |
Lexington, NE (FHA|USDA|VA)
|
3
|
$505,000 |
$168,333 |
$2,227 |
3.00% |
Norfolk, NE (FHA|USDA|VA)
|
2
|
$500,000 |
$250,000 |
$5,540 |
2.56% |
Fremont, NE (FHA|USDA|VA)
|
5
|
$465,000 |
$93,000 |
$2,601 |
2.63% |
BOULDER, CO (FHA|USDA|VA)
|
1
|
$465,000 |
$465,000 |
$4,392 |
2.75% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA)
|
1
|
$395,000 |
$395,000 |
$3,448 |
2.38% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)
|
1
|
$395,000 |
$395,000 |
$11,184 |
2.25% |
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA)
|
1
|
$375,000 |
$375,000 |
$2,765 |
2.13% |
GREELEY, CO (FHA|USDA|VA)
|
1
|
$355,000 |
$355,000 |
$2,330 |
3.00% |
KANSAS CITY, MO-KS (FHA|USDA|VA)
|
2
|
$290,000 |
$145,000 |
$3,081 |
2.69% |
SIOUX CITY, IA-NE-SD (FHA|USDA|VA)
|
1
|
$285,000 |
$285,000 |
$7,548 |
2.38% |
GRAND ISLAND, NE (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$1,687 |
2.38% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)
|
1
|
$235,000 |
$235,000 |
$2,914 |
2.25% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$1,808 |
2.75% |
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$2,258 |
2.75% |
Lincoln Fsb Of Nebraska's top markets include Lincoln, Omaha, Beatrice, Kearney, and Denver among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
1,513 |
$327,365,000 |
$216,368 |
$1,784 |
2.96% |
VA |
82 |
$23,030,000 |
$280,854 |
$4,454 |
2.41% |
FHA |
81 |
$15,335,000 |
$189,321 |
$5,257 |
2.72% |
USDA |
10 |
$1,630,000 |
$163,000 |
$3,667 |
2.68% |
For the 2021 period, Lincoln Fsb Of Nebraska's most frequently
originated loan type
of loans were Conventional, with 1,513 originations.
Their 2nd most popular type is VA,
with 82 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Home Purchase |
898 |
$201,840,000 |
$224,766 |
$2,378 |
2.98% |
Refi |
471 |
$99,635,000 |
$211,539 |
$1,696 |
2.75% |
Cash Out Refi |
283 |
$61,905,000 |
$218,746 |
$2,189 |
2.93% |
Other |
26 |
$3,470,000 |
$133,462 |
$1,228 |
3.44% |
Home Improvement |
8 |
$510,000 |
$63,750 |
$624 |
4.63% |
For the 2021, Lincoln Fsb Of Nebraska's most frequently cited loan
purpose
of loans were Home Purchase, with 898
originations.
The 2nd most popular reason of loans were Refi,
with 471 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
30 Year |
1,112 |
$258,080,000 |
$232,086 |
$2,394 |
2.90% |
15 Year |
258 |
$51,820,000 |
$200,853 |
$1,765 |
2.50% |
20 Year |
149 |
$33,035,000 |
$221,711 |
$1,849 |
3.19% |
10 Year |
70 |
$6,240,000 |
$89,143 |
$612 |
2.37% |
1 Year |
67 |
$10,785,000 |
$160,970 |
$922 |
4.80% |
Other |
27 |
$7,275,000 |
$269,444 |
$1,637 |
2.97% |
5 Year |
2 |
$100,000 |
$50,000 |
$191 |
4.25% |
3 Year |
1 |
$25,000 |
$25,000 |
$0 |
4.50% |
For the 2021, Lincoln Fsb Of Nebraska's most frequently cited loan
length
of loans were 30 Year, with 1,112 originations.
The 2nd most popular length of loans were 15 Year,
with 258 originations.
Origination Fees
Origination Fee |
Originations |
Total Value |
Average Loan |
$<1k |
1,307 |
$291,255,000 |
$222,842 |
$1k-2k |
132 |
$25,970,000 |
$196,742 |
$2k-3k |
26 |
$6,720,000 |
$258,462 |
$3k-4k |
24 |
$6,210,000 |
$258,750 |
$5k+ |
4 |
$1,800,000 |
$450,000 |
$2,394 of loans were Lincoln Fsb Of Nebraska's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 1,307 originations.
Interest Rates
Loan Rate |
Originations |
Total Value |
Average Loan |
2.5-3% |
824 |
$188,420,000 |
$228,665 |
<2.5% |
405 |
$94,945,000 |
$234,432 |
3-4% |
351 |
$69,055,000 |
$196,738 |
4-5% |
79 |
$9,985,000 |
$126,392 |
5-6% |
27 |
$4,955,000 |
$183,519 |
During 2021, Lincoln Fsb Of Nebraska's average interest
rate of loans were 2.90%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 824 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$200k-400k |
734 |
$197,590,000 |
$269,196 |
$2,346 |
2.83% |
$100k-200k |
655 |
$99,145,000 |
$151,366 |
$1,994 |
2.98% |
$100,000 or less |
185 |
$11,505,000 |
$62,189 |
$991 |
3.15% |
$400k-600k |
96 |
$45,810,000 |
$477,188 |
$2,613 |
2.68% |
$600k-1MM |
13 |
$9,125,000 |
$701,923 |
$7,315 |
3.44% |
$1MM+ |
3 |
$4,185,000 |
$1,395,000 |
$0 |
3.42% |
2021 saw Lincoln Fsb Of Nebraska place emphasis on
$200k-400k loans
with 734 originations, totaling
$197,590,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$50k-75k |
384 |
$67,080,000 |
$174,688 |
$2,165 |
2.82% |
$100k-150k |
363 |
$94,865,000 |
$261,336 |
$2,042 |
2.87% |
$75k-100k |
310 |
$68,260,000 |
$220,194 |
$2,234 |
2.88% |
$50k or less |
255 |
$36,575,000 |
$143,431 |
$2,116 |
2.84% |
$150k-250k |
202 |
$56,240,000 |
$278,416 |
$2,116 |
2.93% |
$250k+ |
42 |
$13,700,000 |
$326,190 |
$2,071 |
2.77% |
Lincoln Fsb Of Nebraska lent most frequently to those with incomes in the
$50k-75k range, with
384 originations.
The second most popular income band? $100k-150k,
with 363 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-30% |
341 |
$74,005,000 |
$217,023 |
$1,927 |
2.79% |
30-36% |
321 |
$72,185,000 |
$224,875 |
$2,102 |
2.87% |
<20% |
105 |
$22,495,000 |
$214,238 |
$1,751 |
2.75% |
42% |
68 |
$14,970,000 |
$220,147 |
$2,080 |
2.93% |
40% |
68 |
$14,750,000 |
$216,912 |
$1,941 |
2.79% |
36% |
67 |
$14,035,000 |
$209,478 |
$1,882 |
2.98% |
44% |
64 |
$14,370,000 |
$224,531 |
$2,370 |
2.92% |
39% |
61 |
$12,985,000 |
$212,869 |
$1,864 |
2.91% |
43% |
56 |
$11,740,000 |
$209,643 |
$2,276 |
2.88% |
37% |
55 |
$10,445,000 |
$189,909 |
$1,910 |
2.95% |
41% |
55 |
$11,405,000 |
$207,364 |
$2,540 |
2.92% |
38% |
53 |
$10,865,000 |
$205,000 |
$2,121 |
2.83% |
49% |
53 |
$11,505,000 |
$217,075 |
$2,145 |
2.71% |
48% |
37 |
$9,155,000 |
$247,432 |
$2,148 |
2.86% |
45% |
36 |
$7,670,000 |
$213,056 |
$2,210 |
2.89% |
50-60% |
34 |
$8,330,000 |
$245,000 |
$5,570 |
2.89% |
46% |
28 |
$6,730,000 |
$240,357 |
$2,445 |
2.94% |
47% |
25 |
$5,955,000 |
$238,200 |
$2,222 |
2.83% |
>60% |
2 |
$430,000 |
$215,000 |
$1,660 |
3.81% |
Lincoln Fsb Of Nebraska lent most frequently to those with DTI ratios
of 20-30%, with
341 originations.
The next most common DTI ratio? 30-36%,
with 321 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
White |
1,392 |
$299,830,000 |
$215,395 |
$2,091 |
2.86% |
Not applicable |
104 |
$23,700,000 |
$227,885 |
$799 |
3.88% |
Asian |
77 |
$17,895,000 |
$232,403 |
$2,057 |
2.88% |
Not provided |
76 |
$17,360,000 |
$228,421 |
$2,751 |
2.71% |
Black |
22 |
$5,020,000 |
$228,182 |
$3,364 |
2.98% |
American Indian |
8 |
$2,010,000 |
$251,250 |
$2,183 |
2.78% |
Asian Indian |
3 |
$825,000 |
$275,000 |
$1,879 |
2.46% |
Native Hawaiian |
2 |
$450,000 |
$225,000 |
$1,916 |
2.94% |
Samoan |
1 |
$265,000 |
$265,000 |
$1,599 |
3.00% |
|
1 |
$5,000 |
$5,000 |
$0 |
1.00% |
Approval Rates
Total approvals of all applications
97.69%
Lincoln Fsb Of Nebraska has an exceptionally high approval rate. They
either target their audience
very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination
83.51%
Lincoln Fsb Of Nebraska has a below average pick rate.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
NA |
1,686 |
$367,360,000 |
$217,888 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
1,686 |
$367,360,000 |
$217,888 |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-40% |
67 |
$7,375,000 |
$110,075 |
$1,352 |
3.19% |
40-60% |
220 |
$44,270,000 |
$201,227 |
$1,690 |
2.75% |
60-80% |
707 |
$165,535,000 |
$234,137 |
$1,887 |
2.95% |
80-100% |
629 |
$145,705,000 |
$231,645 |
$2,635 |
2.96% |
Over 100% |
10 |
$2,940,000 |
$294,000 |
$9,635 |
2.39% |
Under 20% |
53 |
$1,535,000 |
$28,962 |
$148 |
2.46% |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
Lincoln FSB of Nebraska |
7005 O Street Lincoln, NE 68510 |
Full Service B&M
|
$21,399 |
Lincoln FSB of Nebraska |
1002 South Dewey North Platte, NE 69101 |
Full Service B&M
|
$16,758 |
Lincoln FSB of Nebraska |
1822 Washington Street Blair, NE 68008 |
Full Service B&M
|
$15,131 |
Lincoln FSB of Nebraska |
221 Norris Avenue Mccook, NE 69001 |
Full Service B&M
|
$15,543 |
Lincoln FSB of Nebraska |
2401 Superior Street Lincoln, NE 68521 |
Full Service B&M
|
$9,787 |
Lincoln FSB of Nebraska |
2810 Copper Ridge Drive, Suite 1 Lincoln, NE 68516 |
Full Service B&M
|
$8,847 |
Lincoln FSB of Nebraska |
415 East Sixth Street Fremont, NE 68025 |
Full Service B&M
|
$19,261 |
Lincoln FSB of Nebraska |
524 Chief Street Benkelman, NE 69021 |
Full Service B&M
|
$14,612 |
Lincoln FSB of Nebraska |
5705 S 86th Dr Lincoln, NE 68526 |
Full Service B&M
|
$9,913 |
Lincoln FSB of Nebraska |
631 West 2nd Hastings, NE 68901 |
Full Service B&M
|
$32,655 |
Lincoln FSB of Nebraska |
673 North 132nd Street Omaha, NE 68154 |
Full Service B&M
|
$31,455 |
Lincoln FSB of Nebraska |
720 4th Avenue Holdrege, NE 68949 |
Full Service B&M
|
$13,065 |
Lincoln FSB of Nebraska |
8400 Maddox Drive Lincoln, NE 68520 |
Full Service B&M
|
$26,283 |
For 2021, Lincoln Fsb Of Nebraska had 13 branches.
Yearly Performance Overview
Bank Income
Lincoln Fsb Of Nebraska's gross interest income from loans was $10,298,000.
Lincoln Fsb Of Nebraska's net interest income from loans was $8,359,000.
Lincoln Fsb Of Nebraska's fee based income from loans was $135,000.
Lincoln Fsb Of Nebraska's net income from loans was $4,186,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$1,939 |
Provision for credit losses |
$0 |
Total noninterest expense |
$11,885 |
Salaries and employee benefits |
$8,146 |
Premises and equipment expense |
$1,435 |
Additional noninterest expense |
$2,304 |
Applicable income taxes |
$1,213 |
Net charge-offs |
$0 |
Cash dividends |
$10,000 |
Lincoln Fsb Of Nebraska's interest expense for loans was $1,939,000.
Lincoln Fsb Of Nebraska's payroll and benefits expense were $8,146,000.
Lincoln Fsb Of Nebraska's property, plant and equipment expenses $1,435,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$230,195 |
Deposits held in domestic offices |
$230,195 |
Deposits by Individuals, partnerships, and corporations |
$230,195 |
Deposits by U.S. Government |
$0 |
Deposits by States and political subdivisions in the U.S. |
$0 |
Deposits by Commercial banks and other depository institutions in U.S. |
$0 |
Deposits by Banks in foreign countries |
$0 |
Deposits by Foreign governments and official institutions |
$0 |
Transaction accounts |
$38,232 |
Demand deposits |
$17,799 |
Nontransaction accounts |
$191,963 |
Money market deposit accounts (MMDAs) |
$17,365 |
Other savings deposits (excluding MMDAs) |
$29,853 |
Total time deposits |
$144,745 |
Total time and savings deposits |
$212,396 |
Noninterest-bearing deposits |
$10,376 |
Interest-bearing deposits |
$219,818 |
Retail deposits |
$219,275 |
IRAs and Keogh plan accounts |
$14,167 |
Brokered deposits |
$0 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$312,460 |
Cash & Balances due from depository institutions |
$1,692 |
Interest-bearing balances |
$172 |
Total securities |
$86,991 |
Federal funds sold & reverse repurchase |
$0 |
Net loans and leases |
$202,212 |
Loan and leases loss allowance |
$5,000 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$13,696 |
Other real estate owned |
$274 |
Goodwill and other intangibles |
$0 |
All other assets |
$7,595 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$312,460 |
Total Liabilities |
$268,727 |
Total deposits |
$230,195 |
Interest-bearing deposits |
$219,818 |
Deposits held in domestic offices |
$230,195 |
% insured (estimated) |
$92 |
Federal funds purchased and repurchase agreements |
$0 |
Trading liabilities |
$0 |
Other borrowed funds |
$36,600 |
Subordinated debt |
$0 |
All other liabilities |
$1,932 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$202,212 |
Loan and leases loss allowance |
$5,000 |
Total loans and leases (domestic) |
$207,212 |
All real estate loans |
$207,212 |
Real estate loans in domestic offices |
$207,212 |
Construction and development loans |
$17,858 |
Residential 1-4 family construction |
$12,986 |
Other construction, all land development and other land |
$4,872 |
Loans secured by nonfarm nonresidential properties |
$32,814 |
Nonfarm nonresidential secured by owner-occupied properties |
$2,752 |
Commercial real estate & other non-farm, non-residential |
$30,062 |
Multifamily residential real estate |
$26,570 |
1-4 family residential loans |
$129,970 |
Farmland loans |
$0 |
Loans held in foreign offices |
$0 |
Farm loans |
$0 |
Commercial and industrial loans |
$0 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$0 |
Credit card loans |
$0 |
Related Plans |
$0 |
Consumer Auto Loans |
$0 |
Other loans to individuals |
$0 |
All other loans & leases |
$0 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$0 |
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 |
$0 |
Non 1-4 family restructured loans & leases |
$0 |
Total loans and leases (foreign) |
$0 |
Lincoln FSB of Nebraska had $202,212,000 of loans outstanding in 2021. $207,212,000 of loans were in real estate loans.
$17,858,000 of loans were in development loans. $26,570,000 of loans were in multifamily mortgage loans.
$129,970,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $0 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 |
36 |
$11,975 |
$332,639 |
Nonfarm, nonresidential loans - <$100k |
5 |
$277 |
$55,400 |
Nonfarm, nonresidential loans - $100-250k |
11 |
$1,593 |
$144,818 |
Nonfarm, nonresidential loans - $250k-1MM |
20 |
$10,105 |
$505,250 |