Core Bank Mortgage Rates, Fees & Info
Omaha, NELEI: 549300Y01XP7FO81MC08
Tax ID: 47-0804165
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Mortgage Data
Review & Overview
Core Bank is a smaller bank specializing in Home Purchase loans. Core Bank 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.) Their top markets by origination volume include: Omaha, Fremont, Lincoln, Crestview, and New York among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)Core 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. Core 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 | 6.34% | 6/7/23 |
| 30 Year Conventional Refi | 6.06% | 6/7/23 |
| 30 Year Cash-out Refi | 6.38% | 6/7/23 |
| 30 Year FHA Purchase | 7.17% | 6/7/23 |
| 30 Year FHA Refi | 6.90% | 6/7/23 |
| 30 Year VA Purchase | 6.13% | 6/7/23 |
| 30 Year VA Refi | 5.94% | 6/7/23 |
| 15 Year Conventional Purchase | 6.17% | 6/7/23 |
| 15 Year Conventional Refi | 6.50% | 6/7/23 |
| 15 Year Cash-out Refi | 6.50% | 6/7/23 |
| 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. | ||
Core Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
579Origination Dollar Volume (All Markets)
$276,775,000Awards
Core Bank - 2022
Core Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Core Bank's average 30 year fixed mortgage rate was
4.75%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.01%.
Relative Fees (Closing Costs)
Core Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,504.
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 $4,750.
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) | 491 | $226,875,000 | $462,067 | $3,875 | 4.75% |
| Fremont, NE (FHA|USDA|VA) | 4 | $13,880,000 | $3,470,000 | $3,880 | 5.22% |
| LINCOLN, NE (FHA|USDA|VA) | 12 | $5,750,000 | $479,167 | $4,438 | 3.93% |
| Outside of Metro Areas | 17 | $3,615,000 | $212,647 | $3,755 | 4.52% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $2,835,000 | $567,000 | $11,162 | 4.48% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $2,575,000 | $2,575,000 | $15,728 | 4.50% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $1,940,000 | $970,000 | $6,637 | 4.50% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $1,865,000 | $1,865,000 | $0 | 3.75% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $1,510,000 | $755,000 | $2,977 | 4.63% |
| Spearfish, SD (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $5,482 | 5.31% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $6,924 | 3.95% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 4.05% |
| Kearney, NE (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $2,197 | 3.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $11,008 | 3.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $7,354 | 3.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $5,235 | 4.71% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $9,797 | 3.62% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,837 | 4.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $7,307 | 5.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $8,368 | 4.83% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $4,380 | 2.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,562 | 3.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,319 | 6.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,847 | 4.13% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $9,884 | 4.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $17,228 | 4.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,427 | 5.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,601 | 2.88% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,888 | 4.75% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,786 | 5.38% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,888 | 3.75% |
| Ozark, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,780 | 2.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,735 | 3.75% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,555 | 3.99% |
| AMES, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,068 | 4.99% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,786 | 4.87% |
| Columbus, NE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,218 | 3.25% |
| Meridian, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,745 | 5.38% |
| Norfolk, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,735 | 3.50% |
| Houghton, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,384 | 5.63% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,227 | 3.75% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.62% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,237 | 6.38% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Core Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 463 | $238,545,000 | $515,216 | $2,975 | 4.73% |
| VA | 85 | $31,275,000 | $367,941 | $7,936 | 4.52% |
| FHA | 31 | $6,955,000 | $224,355 | $6,600 | 4.73% |
For 2022, Core Bank's most frequently originated type of loan was Conventional, with 463 originations. Their 2nd most popular type was VA, with 85 originations.
Loan Reason
For 2022, Core Bank's most frequently cited loan purpose was Home Purchase, with 489 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.
Loan Duration/Length
For 2022, Core Bank's most frequently cited loan duration was 30 Year, with 429 originations. The 2nd most popular length was Other, with 61 originations.
Origination Fees/Closing Costs
Core Bank's average total fees were $4,504, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 221 originations.
Interest Rates
During 2022, Core Bank's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 224 originations.
Loan Sizing
2022 saw Core Bank place emphasis on $200k-400k loans with 239 originations, totaling $67,585,000 in origination value.
Applicant Income
Core Bank lent most frequently to those with incomes in the $100k-150k range, with 116 originations. The second most popular income band? $150k-250k, with 93 originations.
Applicant Debt to Income Ratio
Core Bank lent most frequently to those with DTI ratios of 30-36%, with 101 originations. The next most common DTI ratio? 20-30%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.83%
Core Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.94%
Core Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 579 | $276,775,000 | $478,022 |