GRAND ISLAND Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Grand Island averaged 6.86% for the week of 2024-03-21, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-03-14) was 6.73% and one month ago for the week of 2024-02-15, the average rate was 6.66%.

Grand Island's average rate one year ago was 6.69%.

For refis of the same type during the week of 2024-03-21, the average rate was 6.87%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-21 6.87%
Grand Island 30 Year Fixed Rate 2024-03-21 6.86%
Grand Island 30 Year Fixed Rate Refi 2024-03-21 6.87%
Grand Island 15 Year Fixed Rate 2024-03-21 6.31%
Grand Island 15 Year Fixed Rate Refi 2024-03-21 6.71%
Grand Island 30 Year FHA 2024-03-21 6.52%
Grand Island 30 Year FHA Refi 2024-03-21 6.7%
Grand Island 30 Year USDA 2024-03-21 6.57%
Grand Island 30 Year USDA Refi 2024-03-21 6.87%
Grand Island 30 Year VA 2024-03-21 6.34%
Grand Island 30 Year VA Refi 2024-03-21 6.54%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within GRAND ISLAND, NE.

GRAND ISLAND Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the GRAND ISLAND, NE market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
First National Bank of Omaha 42 6.76% $2,873
Home Federal Savings & Loan Association of Grand Island 32 6.61% $2,514
Pinnacle Bank 24 6.63% $2,795
Gateway First Bank 22 6.74% $3,489
West Gate Bank 21 6.65% $3,026
CHARTER WEST BANK 21 7.03% $3,390
Five Points Bank 19 6.64% $1,894
MORIA DEVELOPMENT, INC. 18 7.09% $6,329
QUICKEN LOANS, LLC 18 6.96% $5,242
Exchange Bank 11 6.50% $2,657
Union Bank and Trust Company 9 6.25% $2,427
Wells Fargo Bank 8 6.30% $4,863
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 7.15% $3,349
UNITED WHOLESALE MORTGAGE, LLC 7 7.12% $3,616
U.S. Bank 6 6.94% $3,267
CENTRIS FEDERAL CREDIT UNION 5 6.93% $2,847
Farm Credit Mid-America, ACA 4 7.25% $6,506
CHURCHILL MORTGAGE CORPORATION 3 7.21% $4,435
First Interstate Bank 3 7.33% $2,751
Mortgage Research Center, LLC 3 7.04% $3,896
ZILLOW HOME LOANS, LLC 2 7.06% $3,817
DELMAR FINANCIAL COMPANY 2 7.00% $3,266
JPMorgan Chase Bank 2 7.44% $2,399
NEWREZ LLC 2 6.75% $6,375
Plains Commerce Bank 2 7.00% $2,986
FREEDOM MORTGAGE CORPORATION 1 7.25% $9,150
Capitol Federal Savings Bank 1 4.00% $7,053
Paramount Residential Mortgage Group, Inc. 1 7.63% $5,435
First State Bank 1 6.00% $1,666
AMERISAVE MORTGAGE CORPORATION 1 5.99% $11,834
Prosperity Home Mortgage, LLC 1 7.88% $2,638
Deere Employees Credit Union 1 6.75% $2,992
Security First Bank 1 6.63% $2,505
Community Mortgage Banc Corporation 1 7.13% $2,394
COMMUNITYAMERICA 1 6.88% $4,670
CMG MORTGAGE, INC. 1 7.25% $3,024
U.S. HOME MORTGAGE, INC. 1 6.13% $4,354
VERIDIAN CREDIT UNION 1 6.00% $1,701
HSBC BANK USA, NATIONAL ASSOCIATION 1 6.64% $2,787
CARDINAL FINANCIAL 1 8.13% $5,478
GUARANTEED RATE AFFINITY, LLC 1 6.98% $0

GRAND ISLAND Average Closing Costs & Other Stats

GRAND ISLAND, NE's 41 lenders originated 1,280 loans during 2023. The total origination value was $227,780,000, with an average loan value of $177,953.

GRAND ISLAND's average closing costs are $3,786.

The top GRAND ISLAND lender as defined by loan originations is First National Bank of Omaha, with 42 loans originated. Their average total fees are $2,873, which is $359 higher than the next largest lender, Home Federal Savings & Loan Association of Grand Island.

The lowest fee GRAND ISLAND lenders (with over 10 loans originated) are Five Points Bank ($1,894), Home Federal Savings & Loan Association of Grand Island ($2,514), Exchange Bank ($2,657), Pinnacle Bank ($2,795) and First National Bank of Omaha ($2,873).

The lowest rate GRAND ISLAND lenders (with over 10 loans originated) are Exchange Bank (6.50%), Home Federal Savings & Loan Association of Grand Island (6.61%), Pinnacle Bank (6.63%), Five Points Bank (6.64%) and West Gate Bank (6.65%).

GRAND ISLAND, NE Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Exchange Bank $23,810,000 $25,080,000 5.3% 11.0%
Pinnacle Bank $25,825,000 $20,185,000 -21.8% 8.9%
MORIA DEVELOPMENT, INC. $14,360,000 $18,445,000 28.4% 8.1%
CHARTER WEST BANK $21,145,000 $17,470,000 -17.4% 7.7%
First National Bank of Omaha $27,290,000 $15,700,000 -42.5% 6.9%
Gateway First Bank $13,160,000 $13,170,000 0.1% 5.8%
Home Federal Savings & Loan Association of Grand Island $21,805,000 $12,525,000 -42.6% 5.5%
Five Points Bank $23,405,000 $11,600,000 -50.4% 5.1%
Equitable Bank $32,145,000 $9,960,000 -69.0% 4.4%
QUICKEN LOANS, LLC $13,380,000 $8,400,000 -37.2% 3.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $880,000 $7,725,000 777.8% 3.4%
Mortgage Research Center, LLC $5,430,000 $6,530,000 20.3% 2.9%
West Gate Bank $15,490,000 $5,555,000 -64.1% 2.4%
First State Bank Nebraska $4,320,000 n/a 1.9%
CENTRIS FEDERAL CREDIT UNION $5,880,000 $3,415,000 -41.9% 1.5%
ARCHER COOPERATIVE CREDIT UNION $3,130,000 n/a 1.4%
U.S. Bank $3,525,000 $2,990,000 -15.2% 1.3%
UNITED WHOLESALE MORTGAGE, LLC $1,345,000 $2,560,000 90.3% 1.1%
CHURCHILL MORTGAGE CORPORATION $1,145,000 $2,300,000 100.9% 1.0%
Cornerstone Bank $2,620,000 $2,260,000 -13.7% 1.0%
Wells Fargo Bank $6,710,000 $2,225,000 -66.8% 1.0%
Union Bank and Trust Company $5,300,000 $1,880,000 -64.5% 0.8%
DELMAR FINANCIAL COMPANY $1,585,000 n/a 0.7%
Pathway Bank $1,570,000 n/a 0.7%
Farm Credit Mid-America, ACA $1,125,000 $1,505,000 33.8% 0.7%
Heritage Bank $1,450,000 n/a 0.6%
First Interstate Bank $1,590,000 $1,170,000 -26.4% 0.5%
Plains Commerce Bank $2,155,000 $1,130,000 -47.6% 0.5%
Citizens Bank & Trust Co. $1,105,000 n/a 0.5%
FREEDOM MORTGAGE CORPORATION $1,015,000 $965,000 -4.9% 0.4%
USAA Federal Savings Bank $420,000 $860,000 104.8% 0.4%
LOANDEPOT.COM, LLC $2,470,000 $795,000 -67.8% 0.3%
ZILLOW HOME LOANS, LLC $400,000 $755,000 88.8% 0.3%
NEWREZ LLC $485,000 $735,000 51.5% 0.3%
Barrington Bank & Trust Company, N.A. $680,000 n/a 0.3%
BROKER SOLUTIONS, INC. $1,300,000 $610,000 -53.1% 0.3%
Discover Bank $35,000 $595,000 1,600.0% 0.3%
PENNYMAC LOAN SERVICES, LLC $1,280,000 $595,000 -53.5% 0.3%
Prosperity Home Mortgage, LLC $1,505,000 $595,000 -60.5% 0.3%
AMERISAVE MORTGAGE CORPORATION $2,565,000 $565,000 -78.0% 0.2%
Citizens Bank $1,735,000 $530,000 -69.5% 0.2%
CARDINAL FINANCIAL $145,000 $520,000 258.6% 0.2%
VERIDIAN CREDIT UNION $17,835,000 $495,000 -97.2% 0.2%
Magnolia Bank $315,000 $460,000 46.0% 0.2%
NAVY FEDERAL CREDIT UNION $1,225,000 $460,000 -62.4% 0.2%
BMO Harris Bank $445,000 n/a 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $550,000 $445,000 -19.1% 0.2%
U.S. HOME MORTGAGE, INC. $2,045,000 $420,000 -79.5% 0.2%
CORNERSTONE HOME LENDING, INC. $405,000 n/a 0.2%
CLEARPATH LENDING $510,000 $365,000 -28.4% 0.2%
CITY BANK & TRUST CO. $360,000 n/a 0.2%
Capitol Federal Savings Bank $840,000 $355,000 -57.7% 0.2%
GUARANTEED RATE AFFINITY, LLC $345,000 n/a 0.2%
Security First Bank $195,000 $345,000 76.9% 0.2%
FLAT BRANCH MORTGAGE, INC. $305,000 n/a 0.1%
Colonial Savings, F.A. $255,000 $295,000 15.7% 0.1%
GUARANTEED RATE, INC. $285,000 n/a 0.1%
HSBC BANK USA, NATIONAL ASSOCIATION $285,000 n/a 0.1%
JPMorgan Chase Bank $430,000 $280,000 -34.9% 0.1%
NEW DAY FINANCIAL, LLC $1,540,000 $275,000 -82.1% 0.1%
Carrington Mortgage Services, LLC $270,000 n/a 0.1%
COMMUNITYAMERICA $265,000 n/a 0.1%
Mr. Cooper ( Nationstar Mortgage ) $1,360,000 $260,000 -80.9% 0.1%
Community Mortgage Banc Corporation $115,000 $255,000 121.7% 0.1%
LIBERTY FIRST $35,000 $255,000 628.6% 0.1%
Coastal Community Bank $245,000 n/a 0.1%
JONES BANK $245,000 n/a 0.1%
Regent Financial Group, Inc. $235,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $220,000 n/a 0.1%
First State Bank $205,000 n/a 0.1%
Nations Lending Corporation $155,000 $205,000 32.3% 0.1%
Deere Employees Credit Union $195,000 n/a 0.1%
Nebraska Bank of Commerce $195,000 n/a 0.1%
Central National Bank $185,000 n/a 0.1%
CMG MORTGAGE, INC. $1,465,000 $185,000 -87.4% 0.1%
UNION HOME MORTGAGE CORP. $310,000 $185,000 -40.3% 0.1%
BETTER MORTGAGE CORPORATION $205,000 $135,000 -34.1% 0.1%
Figure Lending LLC $60,000 $135,000 125.0% 0.1%
Paramount Residential Mortgage Group, Inc. $310,000 $135,000 -56.5% 0.1%
PENTAGON FEDERAL CREDIT UNION $445,000 $135,000 -69.7% 0.1%
Frontier Bank $3,685,000 $115,000 -96.9% 0.1%
GERSHMAN INVESTMENT CORP. $480,000 $115,000 -76.0% 0.1%
VILLAGE CAPITAL MORTGAGE $95,000 $115,000 21.1% 0.1%
PNC Bank $180,000 $75,000 -58.3% 0.0%
FIRST NEBRASKA Credit Union $45,000 n/a 0.0%
Signature Federal Credit Union $45,000 n/a 0.0%
Bank of America $55,000 $25,000 -54.5% 0.0%
21ST MORTGAGE CORPORATION $95,000 $15,000 -84.2% 0.0%

GRAND ISLAND's top lender by overall market share is Exchange Bank, with 11.0% market share. In second place, with 8.9%, is Pinnacle Bank, having originated $20,185,000 in loans. In third place, with 8.1%, is MORIA DEVELOPMENT, INC., having originated $18,445,000 in loans. In fourth place, with 7.7%, is CHARTER WEST BANK, having originated $17,470,000 in loans. In fifth place, with 6.9%, is First National Bank of Omaha, having originated $15,700,000 in loans.


GRAND ISLAND Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - GRAND ISLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $206,500 (5.0%) $241,252 (10.7%) 0.00 136
2018-02-01 $201,750 (6.6%) $245,017 (13.9%) 0.00 127
2018-03-01 $211,250 (12.9%) $244,355 (14.8%) 0.00 126
2018-04-01 $229,750 (27.7%) $254,518 (21.0%) 0.00 126
2018-05-01 $225,750 (21.1%) $250,302 (15.0%) 0.00 131
2018-06-01 $209,900 (8.5%) $240,867 (10.6%) 0.00 147
2018-07-01 $204,950 (-1.8%) $239,885 (-2.2%) 0.00 154
2018-08-01 $199,825 (-2.4%) $234,271 (-4.2%) 0.00 164
2018-09-01 $199,900 (-4.9%) $235,604 (-4.3%) 0.00 155
2018-10-01 $220,000 (6.9%) $248,238 (-0.2%) 0.00 153
2018-11-01 $199,900 (3.2%) $242,041 (0.8%) 0.00 157
2018-12-01 $195,000 (4.0%) $241,742 (3.9%) 0.00 141
2019-01-01 $183,725 (-11.0%) $234,871 (-2.6%) 0.00 140
2019-02-01 $177,200 (-12.2%) $221,279 (-9.7%) 0.00 146
2019-03-01 $179,500 (-15.0%) $224,731 (-8.0%) 0.00 147
2019-04-01 $187,250 (-18.5%) $232,640 (-8.6%) 0.00 146
2019-05-01 $199,500 (-11.6%) $237,703 (-5.0%) 0.00 150
2019-06-01 $194,900 (-7.2%) $220,833 (-8.3%) 0.00 145
2019-07-01 $194,900 (-4.9%) $226,859 (-5.4%) 0.00 150
2019-08-01 $198,991 (-0.4%) $240,066 (2.5%) 0.00 152
2019-09-01 $205,127 (2.6%) $248,693 (5.6%) 0.00 155
2019-10-01 $209,450 (-4.8%) $251,394 (1.3%) 0.00 163
2019-11-01 $206,000 (3.1%) $247,312 (2.2%) 0.00 166
2019-12-01 $201,225 (3.2%) $253,074 (4.7%) 0.00 163
2020-01-01 $199,925 (8.8%) $254,985 (8.6%) 0.00 145
2020-02-01 $199,000 (12.3%) $251,525 (13.7%) 0.00 141
2020-03-01 $222,425 (23.9%) $262,798 (16.9%) 0.00 139
2020-04-01 $198,725 (6.1%) $250,467 (7.7%) 0.00 158
2020-05-01 $188,250 (-5.6%) $237,024 (-0.3%) 0.00 152
2020-06-01 $188,125 (-3.5%) $249,080 (12.8%) 0.00 131
2020-07-01 $216,250 (11.0%) $272,457 (20.1%) 0.00 103
2020-08-01 $192,450 (-3.3%) $268,621 (11.9%) 0.00 90
2020-09-01 $191,475 (-6.7%) $249,324 (0.3%) 0.00 93
2020-10-01 $191,200 (-8.7%) $260,601 (3.7%) 0.00 84
2020-11-01 $190,450 (-7.6%) $260,817 (5.5%) 0.00 91
2020-12-01 $193,950 (-3.6%) $264,390 (4.5%) 0.00 84
2021-01-01 $196,400 (-1.8%) $258,526 (1.4%) 0.00 80
2021-02-01 $207,725 (4.4%) $269,443 (7.1%) 0.00 70
2021-03-01 $225,950 (1.6%) $298,787 (13.7%) 0.00 54
2021-04-01 $229,225 (15.4%) $306,706 (22.5%) 0.00 39
2021-05-01 $220,000 (16.9%) $329,475 (39.0%) 0.00 46
2021-06-01 $243,650 (29.5%) $337,776 (35.6%) 0.00 53
2021-07-01 $238,000 (10.1%) $293,664 (7.8%) 0.00 58
2021-08-01 $248,750 (29.3%) $294,247 (9.5%) 0.00 58
2021-09-01 $237,475 (24.0%) $285,929 (14.7%) 0.00 63
2021-10-01 $249,000 (30.2%) $283,172 (8.7%) 0.00 68
2021-11-01 $228,650 (20.1%) $279,263 (7.1%) 0.00 60
2021-12-01 $242,000 (24.8%) $297,052 (12.4%) 0.00 54
2022-01-01 $247,500 (26.0%) $296,197 (14.6%) 0.00 60
2022-02-01 $243,250 (17.1%) $289,167 (7.3%) 0.00 55
2022-03-01 $234,975 (4.0%) $296,985 (-0.6%) 0.00 43
2022-04-01 $240,950 (5.1%) $299,256 (-2.4%) 0.00 57
2022-05-01 $249,500 (13.4%) $310,840 (-5.7%) 0.00 65
2022-06-01 $258,675 (6.2%) $310,008 (-8.2%) 0.00 82
2022-07-01 $285,000 (19.8%) $322,567 (9.8%) 0.00 98
2022-08-01 $263,500 (5.9%) $296,334 (0.7%) 0.00 102
2022-09-01 $273,450 (15.2%) $307,532 (7.6%) 0.00 90
2022-10-01 $289,900 (16.4%) $317,563 (12.1%) 0.00 113
2022-11-01 $289,900 (26.8%) $334,577 (19.8%) 0.00 115
2022-12-01 $289,900 (19.8%) $342,040 (15.2%) 0.00 101
2023-01-01 $289,900 (17.1%) $348,233 (17.6%) 0.00 98
2023-02-01 $295,069 (21.3%) $370,866 (28.3%) 0.00 80
2023-03-01 $297,450 (26.6%) $366,576 (23.4%) 0.00 79
2023-04-01 $326,750 (35.6%) $375,820 (25.6%) 0.00 89
2023-05-01 $314,950 (26.2%) $381,423 (22.7%) 0.00 91
2023-06-01 $324,500 (25.5%) $372,381 (20.1%) 0.00 87
2023-07-01 $300,000 (5.3%) $347,907 (7.9%) 0.00 107
2023-08-01 $289,975 (10.1%) $349,359 (17.9%) 0.00 95
2023-09-01 $299,000 (9.3%) $346,906 (12.8%) 0.00 92
2023-10-01 $299,675 (3.4%) $346,518 (9.1%) 0.00 109
2023-11-01 $305,000 (5.2%) $349,716 (4.5%) 0.00 116
2023-12-01 $324,900 (12.1%) $350,118 (2.4%) 0.00 116
2024-01-01 $324,925 (12.1%) $362,840 (4.2%) 0.00 115
2024-02-01 $320,475 (8.6%) $354,784 (-4.3%) 0.00 113
GRAND ISLAND's median listing price for 2024-02-01 was $320,475, a difference of $25,406 (8.6%) versus the prior year and $-4,450 versus the prior month.

GRAND ISLAND's median listing price comes in at 0% of the national average.

GRAND ISLAND's average listing price for 2024-02-01 was $354,784, a difference of $-16,082 (-4.3%) versus the prior year and $-8,056 versus the prior month.

For the 2024-02-01 period, GRAND ISLAND had 113 MLS listings, a difference of -2 listings (-2%) versus the prior month and 33 listings (41%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - GRAND ISLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,647 sqft
2018-02-01 0 days 1,625 sqft
2018-03-01 0 days 1,575 sqft
2018-04-01 0 days 1,581 sqft
2018-05-01 0 days 1,582 sqft
2018-06-01 0 days 1,621 sqft
2018-07-01 0 days 1,653 sqft
2018-08-01 0 days 1,629 sqft
2018-09-01 0 days 1,626 sqft
2018-10-01 0 days 1,626 sqft
2018-11-01 0 days 1,564 sqft
2018-12-01 0 days 1,536 sqft
2019-01-01 0 days 1,426 sqft
2019-02-01 0 days 1,376 sqft
2019-03-01 0 days 1,448 sqft
2019-04-01 0 days 1,516 sqft
2019-05-01 0 days 1,533 sqft
2019-06-01 0 days 1,513 sqft
2019-07-01 0 days 1,489 sqft
2019-08-01 0 days 1,506 sqft
2019-09-01 0 days 1,541 sqft
2019-10-01 0 days 1,560 sqft
2019-11-01 0 days 1,530 sqft
2019-12-01 0 days 1,494 sqft
2020-01-01 0 days 1,434 sqft
2020-02-01 0 days 1,416 sqft
2020-03-01 0 days 1,707 sqft
2020-04-01 0 days 1,921 sqft
2020-05-01 0 days 1,740 sqft
2020-06-01 0 days 1,772 sqft
2020-07-01 0 days 1,715 sqft
2020-08-01 0 days 2,085 sqft
2020-09-01 0 days 1,708 sqft
2020-10-01 0 days 1,859 sqft
2020-11-01 0 days 1,855 sqft
2020-12-01 0 days 1,906 sqft
2021-01-01 0 days 1,673 sqft
2021-02-01 0 days 1,638 sqft
2021-03-01 0 days 1,877 sqft
2021-04-01 0 days 2,030 sqft
2021-05-01 0 days 2,081 sqft
2021-06-01 0 days 2,185 sqft
2021-07-01 0 days 1,894 sqft
2021-08-01 0 days 1,767 sqft
2021-09-01 0 days 1,470 sqft
2021-10-01 0 days 1,505 sqft
2021-11-01 0 days 1,401 sqft
2021-12-01 0 days 1,510 sqft
2022-01-01 0 days 1,488 sqft
2022-02-01 0 days 1,396 sqft
2022-03-01 0 days 1,400 sqft
2022-04-01 0 days 1,480 sqft
2022-05-01 0 days 1,487 sqft
2022-06-01 0 days 1,473 sqft
2022-07-01 0 days 1,540 sqft
2022-08-01 0 days 2,233 sqft
2022-09-01 0 days 2,332 sqft
2022-10-01 0 days 2,474 sqft
2022-11-01 0 days 2,630 sqft
2022-12-01 0 days 2,534 sqft
2023-01-01 0 days 2,498 sqft
2023-02-01 0 days 2,586 sqft
2023-03-01 0 days 2,368 sqft
2023-04-01 0 days 2,426 sqft
2023-05-01 0 days 2,521 sqft
2023-06-01 0 days 2,464 sqft
2023-07-01 0 days 2,464 sqft
2023-08-01 0 days 2,402 sqft
2023-09-01 0 days 2,450 sqft
2023-10-01 0 days 2,442 sqft
2023-11-01 0 days 2,427 sqft
2023-12-01 0 days 2,460 sqft
2024-01-01 0 days 2,481 sqft
2024-02-01 0 days 2,434 sqft
GRAND ISLAND's median listing age (time on market) for 2024-02-01 was 0 days.

GRAND ISLAND's median square footage for active listings during the 2024-02-01 period was 2,434 sqft. One year prior, the average listing was 2,586 sqft.

GRAND ISLAND, NE Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 843 $183,455,000 $217,622
Refi 132 $18,400,000 $139,394
Cash Out Refi 105 $14,095,000 $134,238
Other 102 $6,890,000 $67,549
Home Improvement 97 $4,725,000 $48,711
NA 1 $215,000 $215,000

Grand Island's most frequently cited loan purpose was Home Purchase, with 843 originations. The 2nd most popular reason was Refi, with 132 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 436 $89,250,000 $204,702
7-8% 330 $58,560,000 $177,455
Over 8% 191 $19,525,000 $102,225
5-6% 111 $32,205,000 $290,135
<2.5% 62 $560,000 $9,032
4-5% 10 $2,350,000 $235,000
3-4% 1 $355,000 $355,000

During 2023, Grand Island's most frequently originated rate bucket was 6-7%, with 436 originations.

Loan Sizing (GRAND ISLAND, NE MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 430 $20,950,000 $48,721
$200k-400k 404 $107,290,000 $265,569
$100k-200k 391 $58,435,000 $149,450
$400k-600k 44 $20,260,000 $460,455
$600k-1000k 7 $4,745,000 $677,857
$Over $1MM 4 $16,100,000 $4,025,000

GRAND ISLAND's loan sizing saw the bucket of loans from $100,000 or less with 430 originations, totaling $20,950,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 506 $113,400,000 $224,111
Under 20% 184 $9,530,000 $51,793
60-80% 159 $34,265,000 $215,503
20-40% 153 $23,475,000 $153,431
40-60% 111 $17,495,000 $157,613
Over 100% 13 $4,485,000 $345,000

GRAND ISLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 506 originations, totaling $113,400,000 in origination value.