Beatrice Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Beatrice averaged 6.98% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.91% and one month ago for the week of 2024-10-03, the average rate was 6.21%.

    Beatrice's average rate one year ago was 7.55%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Beatrice 30 Year Fixed Rate 2024-11-07 6.98%
    Beatrice 30 Year Fixed Rate Refi 2024-11-07 6.79%
    Beatrice 15 Year Fixed Rate 2024-11-07 6.1%
    Beatrice 15 Year Fixed Rate Refi 2024-11-07 6.1%
    Beatrice 30 Year FHA 2024-11-07 6.23%
    Beatrice 30 Year FHA Refi 2024-11-07 6.73%
    Beatrice 30 Year USDA 2024-11-07 6.48%
    Beatrice 30 Year USDA Refi 2024-11-07 6.48%
    Beatrice 30 Year VA 2024-11-07 6.54%
    Beatrice 30 Year VA Refi 2024-11-07 6.24%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Beatrice, NE.

    Beatrice 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 Beatrice, 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
    Union Bank and Trust Company 12 6.36% $2,689
    First National Bank of Omaha 9 6.69% $2,739
    QUICKEN LOANS, LLC 6 6.75% $5,054
    U.S. Bank 6 6.90% $2,274
    GERSHMAN INVESTMENT CORP. 5 7.03% $2,627
    Security First Bank 5 6.85% $1,972
    Pinnacle Bank 4 6.69% $2,635
    CHARTER WEST BANK 4 6.75% $2,719
    Lincoln FSB of Nebraska 3 6.71% $2,166
    BMO Harris Bank 2 7.00% $3,417
    CMG MORTGAGE, INC. 2 7.00% $3,215
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.06% $3,114
    Regent Financial Group, Inc. 2 6.63% $5,810
    Wells Fargo Bank 2 6.88% $4,856
    GUILD MORTGAGE COMPANY 1 7.63% $2,368
    JPMorgan Chase Bank 1 7.38% $2,899
    LIBERTY FIRST 1 7.00% $2,799
    First Interstate Bank 1 6.88% $2,716
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $12,270
    NAVY FEDERAL CREDIT UNION 1 8.00% $1,928
    NEWREZ LLC 1 6.50% $6,767
    Paramount Residential Mortgage Group, Inc. 1 7.99% $7,204
    Financial Funding Solutions, Inc. 1 6.99% $2,336
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $3,748
    CORNHUSKER BANK 1 5.63% $2,215
    West Gate Bank 1 6.88% $2,789
    Core Bank 1 6.75% $2,222
    SIOUXLAND FEDERAL CREDIT UNION 1 6.63% $4,185
    Cobalt Credit Union 1 5.63% $2,283
    United Fidelity Funding Corp. 1 6.99% $3,625
    UNITED WHOLESALE MORTGAGE, LLC 1 7.50% $4,934
    USAA Federal Savings Bank 1 5.88% $4,692
    Citizens Bank 1 6.75% $3,711
    Frontier Bank 1 6.13% $1,425
    Flagstar Bank, FSB 1 7.25% $6,040

    Beatrice Average Closing Costs & Other Stats

    Beatrice, NE's 35 lenders originated 377 loans during 2023. The total origination value was $58,355,000, with an average loan value of $154,788.

    Beatrice's average closing costs are $3,642.

    The top Beatrice lender as defined by loan originations is Union Bank and Trust Company, with 12 loans originated. Their average total fees are $2,689, which is $49 lower than the next largest lender, First National Bank of Omaha.

    The lowest fee Beatrice lenders (with over 10 loans originated) are Union Bank and Trust Company ($2,689), .

    The lowest rate Beatrice lenders (with over 10 loans originated) are Union Bank and Trust Company (6.36%), .

    Beatrice, 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
    Pinnacle Bank $8,040,000 $6,075,000 -24.4% 10.4%
    First National Bank of Omaha $6,135,000 $5,265,000 -14.2% 9.0%
    Lincoln FSB of Nebraska $3,765,000 $5,035,000 33.7% 8.6%
    Union Bank and Trust Company $2,455,000 $4,660,000 89.8% 8.0%
    First State Bank Nebraska $8,270,000 $3,145,000 -62.0% 5.4%
    Security First Bank $4,005,000 $2,710,000 -32.3% 4.6%
    QUICKEN LOANS, LLC $3,915,000 $2,475,000 -36.8% 4.2%
    CHARTER WEST BANK $2,825,000 $2,060,000 -27.1% 3.5%
    LIBERTY FIRST $1,110,000 $1,890,000 70.3% 3.2%
    GERSHMAN INVESTMENT CORP. $2,935,000 $1,850,000 -37.0% 3.2%
    Mortgage Research Center, LLC $3,165,000 $1,845,000 -41.7% 3.2%
    CITY BANK & TRUST CO. $1,420,000 n/a 2.4%
    FirstBank of Nebraska $1,720,000 $1,375,000 -20.1% 2.4%
    U.S. Bank $2,560,000 $1,255,000 -51.0% 2.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $85,000 $990,000 1,064.7% 1.7%
    Regent Financial Group, Inc. $445,000 $980,000 120.2% 1.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $570,000 $725,000 27.2% 1.2%
    CMG MORTGAGE, INC. $1,985,000 $680,000 -65.7% 1.2%
    Wells Fargo Bank $655,000 $635,000 -3.1% 1.1%
    PENNYMAC LOAN SERVICES, LLC $225,000 $555,000 146.7% 1.0%
    AMERISAVE MORTGAGE CORPORATION $820,000 $530,000 -35.4% 0.9%
    First Savings Bank $1,950,000 $525,000 -73.1% 0.9%
    West Gate Bank $1,380,000 $500,000 -63.8% 0.9%
    UNITED WHOLESALE MORTGAGE, LLC $715,000 $455,000 -36.4% 0.8%
    United Fidelity Funding Corp. $310,000 $450,000 45.2% 0.8%
    NAVY FEDERAL CREDIT UNION $85,000 $445,000 423.5% 0.8%
    First Interstate Bank $310,000 $415,000 33.9% 0.7%
    BMO Harris Bank $410,000 n/a 0.7%
    Prosperity Home Mortgage, LLC $640,000 $400,000 -37.5% 0.7%
    Financial Funding Solutions, Inc. $165,000 $385,000 133.3% 0.7%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $370,000 n/a 0.6%
    NEWREZ LLC $165,000 $370,000 124.2% 0.6%
    Flagstar Bank, FSB $1,360,000 $335,000 -75.4% 0.6%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $315,000 n/a 0.5%
    First Bank $1,095,000 $315,000 -71.2% 0.5%
    MORIA DEVELOPMENT, INC. $495,000 $285,000 -42.4% 0.5%
    The Federal Savings Bank $610,000 $275,000 -54.9% 0.5%
    CORNHUSKER BANK $755,000 $265,000 -64.9% 0.5%
    Citizens Bank $260,000 n/a 0.4%
    Discover Bank $125,000 $235,000 88.0% 0.4%
    Paramount Residential Mortgage Group, Inc. $230,000 n/a 0.4%
    Core Bank $225,000 n/a 0.4%
    Nebraska Bank of Commerce $225,000 n/a 0.4%
    SIOUXLAND FEDERAL CREDIT UNION $225,000 n/a 0.4%
    Access Bank $220,000 n/a 0.4%
    USAA Federal Savings Bank $640,000 $215,000 -66.4% 0.4%
    FIRST STATE MORTGAGE SERVICES, LLC $195,000 n/a 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $115,000 $195,000 69.6% 0.3%
    CENTENNIAL LENDING, LLC $625,000 $185,000 -70.4% 0.3%
    GUILD MORTGAGE COMPANY $320,000 $185,000 -42.2% 0.3%
    BROKER SOLUTIONS, INC. $565,000 $180,000 -68.1% 0.3%
    Farm Credit Mid-America, ACA $340,000 $155,000 -54.4% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $155,000 n/a 0.3%
    LOANDEPOT.COM, LLC $650,000 $155,000 -76.2% 0.3%
    Northwest Bank $155,000 n/a 0.3%
    American Mortgage Bank, LLC $145,000 n/a 0.2%
    Frontier Bank $145,000 n/a 0.2%
    JPMorgan Chase Bank $270,000 $115,000 -57.4% 0.2%
    Coastal Community Bank $100,000 n/a 0.2%
    Figure Lending LLC $80,000 $100,000 25.0% 0.2%
    Cobalt Credit Union $100,000 $85,000 -15.0% 0.1%
    Midwest Bank $90,000 $75,000 -16.7% 0.1%
    State Bank of Table Rock $65,000 n/a 0.1%
    LPS Employees Federal Credit Union $60,000 n/a 0.1%
    FirsTier Bank $55,000 n/a 0.1%
    SPRING EQ, LLC $45,000 n/a 0.1%
    Bank of America $195,000 $35,000 -82.1% 0.1%
    Bank of the West $430,000 $35,000 -91.9% 0.1%
    Deere Employees Credit Union $15,000 n/a 0.0%

    Beatrice's top lender by overall market share is Pinnacle Bank, with 10.4% market share. In second place, with 9.0%, is First National Bank of Omaha, having originated $5,265,000 in loans. In third place, with 8.6%, is Lincoln FSB of Nebraska, having originated $5,035,000 in loans. In fourth place, with 8.0%, is Union Bank and Trust Company, having originated $4,660,000 in loans. In fifth place, with 5.4%, is First State Bank Nebraska, having originated $3,145,000 in loans.

    Beatrice, NE Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 248 $45,190,000 $182,218
    Refi 41 $4,975,000 $121,341
    Cash Out Refi 35 $5,575,000 $159,286
    Other 29 $1,495,000 $51,552
    Home Improvement 24 $1,120,000 $46,667

    Beatrice's most frequently cited loan purpose was Home Purchase, with 248 originations. The 2nd most popular reason was Refi, with 41 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 131 $25,995,000 $198,435
    7-8% 96 $13,510,000 $140,729
    Over 8% 42 $2,470,000 $58,810
    5-6% 39 $8,225,000 $210,897
    <2.5% 15 $95,000 $6,333

    During 2023, Beatrice's most frequently originated rate bucket was 6-7%, with 131 originations.

    Loan Sizing (Beatrice, NE MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 154 $7,520,000 $48,831
    $100k-200k 126 $18,910,000 $150,079
    $200k-400k 75 $20,105,000 $268,067
    $400k-600k 15 $7,305,000 $487,000
    $600k-1000k 7 $4,515,000 $645,000

    Beatrice's loan sizing saw the bucket of loans from $100,000 or less with 154 originations, totaling $7,520,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 146 $29,860,000 $204,521
    60-80% 61 $11,965,000 $196,148
    Under 20% 60 $2,110,000 $35,167
    20-40% 35 $2,745,000 $78,429
    40-60% 19 $3,485,000 $183,421
    Over 100% 1 $125,000 $125,000

    Beatrice's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 146 originations, totaling $29,860,000 in origination value.