Four Points Mortgage Rates, Fees & Info

Omaha, NE

LEI: 549300XZEU2LB7FLWW04

Tax ID: 47-0153475

5 stars - Updated: 12/2/24 - out of 5 stars, based on 9 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Four Points is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Four Points has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Seattle, Fremont, Colorado Springs, and Harrison among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

Four Points has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Four Points 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.08% 12/2/24
30 Year Conventional Refi 7.62% 12/2/24
30 Year Cash-out Refi 6.15% 12/2/24
15 Year Conventional Purchase 6.05% 12/2/24
15 Year Conventional Refi 5.95% 12/2/24
15 Year Cash-out Refi 5.95% 12/2/24
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.

Four Points Mortgage Calculator






Your Estimates

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

This is not an official calculator from Four Points. 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

80

Origination Dollar Volume (All Markets)

$13,560,000

Awards

FOUR POINTS 30 Year Conventional Loans gold FOUR POINTS 30 Year Conventional Loans gold FOUR POINTS 30 Year Conventional Loans gold FOUR POINTS 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

Four Points's average 30 year fixed mortgage rate was 5.76%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.72%.

Relative Fees (Closing Costs)

Four Points's average total fees/closing costs for a 30 year fixed rate mortgage were $2,423.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 27 $5,175,000 $191,667 $1,553 6.31%
Outside of Metro Areas 17 $1,465,000 $86,176 $1,049 6.75%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $925,000 $925,000 $4,366 5.63%
Fremont, NE (FHA|USDA|VA) 1 $625,000 $625,000 $2,642 5.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $2,612 5.38%
Harrison, AR (FHA|USDA|VA) 2 $500,000 $250,000 $2,326 4.88%
LOGAN, UT-ID (FHA|USDA|VA) 1 $465,000 $465,000 $2,789 5.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $435,000 $435,000 $5,080 5.50%
BURLINGTON, NC (FHA|USDA|VA) 1 $425,000 $425,000 $2,497 6.13%
Spencer, IA (FHA|USDA|VA) 1 $325,000 $325,000 $2,897 6.13%
LINCOLN, NE (FHA|USDA|VA) 3 $295,000 $98,333 $1,071 6.96%
Norfolk, NE (FHA|USDA|VA) 1 $295,000 $295,000 $2,408 4.13%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $265,000 $265,000 $2,256 5.75%
Spirit Lake, IA (FHA|USDA|VA) 1 $235,000 $235,000 $1,444 5.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $225,000 $75,000 $1,066 8.00%
Russellville, AR (FHA|USDA|VA) 1 $195,000 $195,000 $1,518 5.38%
Magnolia, AR (FHA|USDA|VA) 1 $175,000 $175,000 $2,118 7.38%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $160,000 $80,000 $418 6.13%
Paragould, AR (FHA|USDA|VA) 1 $155,000 $155,000 $1,982 6.00%
Columbus, NE (FHA|USDA|VA) 2 $120,000 $60,000 $1,601 5.50%
Poplar Bluff, MO (FHA|USDA|VA) 1 $115,000 $115,000 $1,872 6.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $100,000 $50,000 $1,063 6.69%
Yankton, SD (FHA|USDA|VA) 1 $65,000 $65,000 $483 6.00%
Montrose, CO (FHA|USDA|VA) 1 $55,000 $55,000 $2,675 6.25%
Arkadelphia, AR (FHA|USDA|VA) 1 $55,000 $55,000 $463 7.50%
CHEYENNE, WY (FHA|USDA|VA) 1 $55,000 $55,000 $478 6.00%
North Platte, NE (FHA|USDA|VA) 1 $55,000 $55,000 $558 7.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $35,000 $35,000 $418 7.50%
JONESBORO, AR (FHA|USDA|VA) 1 $35,000 $35,000 $418 7.50%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $15,000 $15,000 $418 7.50%
Four Points's top markets include Omaha, Seattle, Fremont, Colorado Springs, and Harrison among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

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

    METRO CU
    Similarity Rank: 56
    South Metro Federal Credit Union
    Similarity Rank: 75
    Cobalt Credit Union
    Similarity Rank: 192
    FOUR POINTS
    Similarity Rank: 240
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 243
    First State Bank
    Similarity Rank: 396
    Exchange Bank
    Similarity Rank: 510
    Central National Bank
    Similarity Rank: 550
    Five Points Bank
    Similarity Rank: 702
    CORNHUSKER BANK
    Similarity Rank: 765

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 80 $13,560,000 $169,500 $1,492 6.41%

    For 2023, Four Points's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 40 $4,000,000 $100,000 $865 6.82%
    Home Purchase 33 $8,955,000 $271,364 $2,421 5.86%
    Other 3 $185,000 $61,667 $365 7.08%
    Refi 3 $335,000 $111,667 $1,135 5.54%
    Home Improvement 1 $85,000 $85,000 $383 8.50%

    For 2023, Four Points's most frequently cited loan purpose was Cash Out Refi, with 40 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 32 $9,720,000 $303,750 $2,423 5.76%
    10 Year 20 $1,220,000 $61,000 $503 7.04%
    Other 14 $670,000 $47,857 $403 7.34%
    15 Year 9 $1,335,000 $148,333 $1,875 5.99%
    20 Year 5 $615,000 $123,000 $1,854 6.18%

    For 2023, Four Points's most frequently cited loan duration was 30 Year, with 32 originations. The 2nd most popular length was 10 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 79 $13,255,000 $167,785
    $1k-2k 1 $305,000 $305,000

    Four Points's average total fees were $2,423, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 79 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 28 $6,450,000 $230,357
    6-7% 26 $4,080,000 $156,923
    7-8% 16 $1,280,000 $80,000
    Over 8% 5 $315,000 $63,000
    4-5% 4 $1,240,000 $310,000
    3-4% 1 $195,000 $195,000

    During 2023, Four Points's average interest rate for loans was 5.76%, while their most frequently originated rate bucket for loans was 5-6%, with 28 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 41 $2,335,000 $56,951 $664 6.97%
    $100k-200k 15 $2,405,000 $160,333 $1,947 5.88%
    $200k-400k 15 $4,115,000 $274,333 $2,316 5.77%
    $400k-600k 7 $3,155,000 $450,714 $3,026 5.82%
    $600k-1MM 2 $1,550,000 $775,000 $3,504 5.56%

    2023 saw Four Points place emphasis on $100,000 or less loans with 41 originations, totaling $2,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 17 $3,145,000 $185,000 $1,432 6.33%
    $100k-150k 15 $2,095,000 $139,667 $1,361 7.03%
    $250k+ 10 $3,420,000 $342,000 $2,372 6.15%
    $75k-100k 8 $1,730,000 $216,250 $2,236 5.67%
    $50k-75k 5 $555,000 $111,000 $2,203 5.88%
    $50k or less 3 $345,000 $115,000 $1,654 5.25%

    Four Points lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $2,150,000 $153,571 $1,429 6.71%
    <20% 8 $1,090,000 $136,250 $1,342 6.36%
    30-36% 5 $405,000 $81,000 $1,044 6.98%
    36% 3 $635,000 $211,667 $2,189 5.63%
    44% 2 $380,000 $190,000 $1,419 6.13%
    38% 2 $230,000 $115,000 $1,119 5.94%
    39% 2 $440,000 $220,000 $2,554 6.63%
    43% 2 $720,000 $360,000 $1,513 7.00%
    40% 1 $195,000 $195,000 $1,904 4.13%
    41% 1 $55,000 $55,000 $463 7.50%

    Four Points lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? <20%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 67 $10,395,000 $155,149 $1,447 6.43%
    Not provided 11 $3,025,000 $275,000 $1,966 6.30%
    Black 2 $140,000 $70,000 $388 6.13%

    Approval Rates

    Total approvals of all applications
    79.63%

    Four Points has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    92.50%

    Four Points has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 80 $13,560,000 $169,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    80 $13,560,000 $169,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $385,000 $77,000 $891 7.03%
    40-60% 9 $1,655,000 $183,889 $1,759 5.81%
    60-80% 4 $900,000 $225,000 $2,405 6.41%
    80-100% 9 $2,645,000 $293,889 $2,375 5.83%
    Under 20% 13 $715,000 $55,000 $525 7.24%