GRAND ISLAND Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Grand Island averaged
6.66%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.86% and
one month ago for the week of 2025-05-29, the
average rate was 7.08%.
Grand Island's average rate one year ago was 6.85%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.57%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Grand Island 30 Year Fixed Rate | 2025-07-03 | 6.66% |
| Grand Island 30 Year Fixed Rate Refi | 2025-07-03 | 6.57% |
| Grand Island 15 Year Fixed Rate | 2025-07-03 | 6% |
| Grand Island 15 Year Fixed Rate Refi | 2025-07-03 | 5.9% |
| Grand Island 30 Year FHA | 2025-07-03 | 0% |
| Grand Island 30 Year FHA Refi | 2025-07-03 | 0% |
| Grand Island 30 Year USDA | 2025-07-03 | 0.2% |
| Grand Island 30 Year USDA Refi | 2025-07-03 | -0.1% |
| Grand Island 30 Year VA | 2025-07-03 | 0.2% |
| Grand Island 30 Year VA Refi | 2025-07-03 | 0% |
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.).
GRAND ISLAND Average Closing Costs & Other Stats
GRAND ISLAND, NE's 47 lenders originated 1,339
loans during 2024. The total origination value was $245,335,000, with an average loan value of
$183,223.
GRAND ISLAND's average closing costs are $3,990.
The top GRAND ISLAND lender as defined by loan originations is West Gate Bank, with
33 loans originated. Their average total fees are
$2,792, which is $782
lower than the next largest lender,
First National Bank of Omaha.
The lowest fee GRAND ISLAND lenders (with over 10 loans originated) are
Exchange Bank ($1,895), Home Federal Savings & Loan Association of Grand Island ($2,629), West Gate Bank ($2,792), CHARTER WEST BANK ($3,108) and Pinnacle Bank ($3,440).
The lowest rate GRAND ISLAND lenders (with over 10 loans originated) are
West Gate Bank (6.41%), Union Bank and Trust Company (6.53%), First National Bank of Omaha (6.55%), Pinnacle Bank (6.56%) and Gateway First Bank (6.59%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Pinnacle Bank | $20,185,000 | $25,130,000 | 24.5% | 10.2% |
| Exchange Bank | $25,080,000 | $22,480,000 | -10.4% | 9.2% |
| MORIA DEVELOPMENT, INC. | $18,445,000 | $16,800,000 | -8.9% | 6.8% |
| CHARTER WEST BANK | $17,470,000 | $15,405,000 | -11.8% | 6.3% |
| Five Points Bank | $11,600,000 | $14,265,000 | 23.0% | 5.8% |
| First National Bank of Omaha | $15,700,000 | $12,435,000 | -20.8% | 5.1% |
| QUICKEN LOANS, LLC | $8,400,000 | $11,430,000 | 36.1% | 4.7% |
| Home Federal Savings & Loan Association of Grand Island | $12,525,000 | $10,315,000 | -17.6% | 4.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,725,000 | $10,155,000 | 31.5% | 4.1% |
| Gateway First Bank | $13,170,000 | $8,525,000 | -35.3% | 3.5% |
| Equitable Bank | $9,960,000 | $7,450,000 | -25.2% | 3.0% |
| West Gate Bank | $5,555,000 | $7,330,000 | 32.0% | 3.0% |
| Mortgage Research Center, LLC | $6,530,000 | $6,695,000 | 2.5% | 2.7% |
| Pathway Bank | $1,570,000 | $4,765,000 | 203.5% | 1.9% |
| CENTRIS FEDERAL CREDIT UNION | $3,415,000 | $4,575,000 | 34.0% | 1.9% |
| Union Bank and Trust Company | $1,880,000 | $4,320,000 | 129.8% | 1.8% |
| CHURCHILL MORTGAGE CORPORATION | $2,300,000 | $4,075,000 | 77.2% | 1.7% |
| ARCHER COOPERATIVE CREDIT UNION | $3,130,000 | $3,505,000 | 12.0% | 1.4% |
| Farm Credit Mid-America, ACA | $1,505,000 | $2,605,000 | 73.1% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $965,000 | $2,310,000 | 139.4% | 0.9% |
| Wells Fargo Bank | $2,225,000 | $2,115,000 | -4.9% | 0.9% |
| U.S. Bank | $2,990,000 | $1,865,000 | -37.6% | 0.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,560,000 | $1,840,000 | -28.1% | 0.7% |
| BMO Harris Bank | $445,000 | $1,685,000 | 278.7% | 0.7% |
| USAA Federal Savings Bank | $860,000 | $1,670,000 | 94.2% | 0.7% |
| Plains Commerce Bank | $1,130,000 | $1,425,000 | 26.1% | 0.6% |
| Heritage Bank | $1,450,000 | $1,400,000 | -3.4% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $260,000 | $1,330,000 | 411.5% | 0.5% |
| Cornerstone Bank | $2,260,000 | $1,280,000 | -43.4% | 0.5% |
| Citizens Bank & Trust Co. | $1,105,000 | $1,065,000 | -3.6% | 0.4% |
| Citizens Bank | $530,000 | $930,000 | 75.5% | 0.4% |
| The Federal Savings Bank | $925,000 | n/a | 0.4% | |
| BROKER SOLUTIONS, INC. | $610,000 | $890,000 | 45.9% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $870,000 | n/a | 0.4% | |
| GUILD MORTGAGE COMPANY | $860,000 | n/a | 0.4% | |
| Discover Bank | $595,000 | $855,000 | 43.7% | 0.3% |
| First Interstate Bank | $1,170,000 | $850,000 | -27.4% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $460,000 | $835,000 | 81.5% | 0.3% |
| LOANDEPOT.COM, LLC | $795,000 | $795,000 | 0.0% | 0.3% |
| VERIDIAN CREDIT UNION | $495,000 | $780,000 | 57.6% | 0.3% |
| SIRVA MORTGAGE, INC. | $670,000 | n/a | 0.3% | |
| TruHome Solutions, LLC | $600,000 | n/a | 0.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $555,000 | n/a | 0.2% | |
| GERSHMAN INVESTMENT CORP. | $115,000 | $525,000 | 356.5% | 0.2% |
| Farmers Bank & Trust | $455,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $445,000 | $455,000 | 2.2% | 0.2% |
| Prosperity Home Mortgage, LLC | $595,000 | $435,000 | -26.9% | 0.2% |
| CMG MORTGAGE, INC. | $185,000 | $430,000 | 132.4% | 0.2% |
| Carrington Mortgage Services, LLC | $270,000 | $395,000 | 46.3% | 0.2% |
| Members Mortgage Services, L.L.C. | $390,000 | n/a | 0.2% | |
| DELMAR FINANCIAL COMPANY | $1,585,000 | $365,000 | -77.0% | 0.1% |
| Washington County Bank | $355,000 | n/a | 0.1% | |
| Figure Lending LLC | $135,000 | $350,000 | 159.3% | 0.1% |
| Coastal Community Bank | $245,000 | $340,000 | 38.8% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $135,000 | $295,000 | 118.5% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $680,000 | $290,000 | -57.4% | 0.1% |
| CASTLE & COOKE MORTGAGE, LLC | $285,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $755,000 | $285,000 | -62.3% | 0.1% |
| Grand Bank for Savings, FSB | $270,000 | n/a | 0.1% | |
| NEWREZ LLC | $735,000 | $270,000 | -63.3% | 0.1% |
| PENNYMAC LOAN SERVICES, LLC | $595,000 | $270,000 | -54.6% | 0.1% |
| AmeriHome Mortgage Company, LLC | $255,000 | n/a | 0.1% | |
| CORNHUSKER BANK | $255,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $255,000 | n/a | 0.1% | |
| AXIA FINANCIAL, LLC | $240,000 | n/a | 0.1% | |
| Community Mortgage Banc Corporation | $255,000 | $235,000 | -7.8% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $215,000 | n/a | 0.1% | |
| Frontier Bank | $115,000 | $215,000 | 87.0% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $565,000 | $205,000 | -63.7% | 0.1% |
| The Central Trust Bank | $205,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $195,000 | n/a | 0.1% | |
| BOKF | $195,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $175,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $165,000 | n/a | 0.1% | |
| Allied First Bank,sb | $165,000 | n/a | 0.1% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $165,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $275,000 | $155,000 | -43.6% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $145,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $140,000 | n/a | 0.1% | |
| SWBC MORTGAGE CORPORATION | $135,000 | n/a | 0.1% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $105,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $15,000 | $90,000 | 500.0% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $85,000 | n/a | 0.0% | |
| JPMorgan Chase Bank | $280,000 | $75,000 | -73.2% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $45,000 | n/a | 0.0% |
GRAND ISLAND's top lender by overall market share is Pinnacle Bank, with 10.2% market share. In second place, with 9.2%, is Exchange Bank, having originated $22,480,000 in loans. In third place, with 6.8%, is MORIA DEVELOPMENT, INC., having originated $16,800,000 in loans. In fourth place, with 6.3%, is CHARTER WEST BANK, having originated $15,405,000 in loans. In fifth place, with 5.8%, is Five Points Bank, having originated $14,265,000 in loans.
GRAND ISLAND, NE Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 795 | $172,805,000 | $217,365 |
| Refi | 153 | $32,365,000 | $211,536 |
| Cash Out Refi | 151 | $24,225,000 | $160,430 |
| Other | 124 | $8,750,000 | $70,565 |
| Home Improvement | 116 | $7,190,000 | $61,983 |
Grand Island's most frequently cited loan purpose was Home Purchase, with 795 originations. The 2nd most popular reason was Refi, with 153 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 438 | $95,550,000 | $218,151 |
| 7-8% | 223 | $54,585,000 | $244,776 |
| Over 8% | 212 | $18,220,000 | $85,943 |
| 5-6% | 116 | $27,400,000 | $236,207 |
| <2.5% | 51 | $545,000 | $10,686 |
| 4-5% | 4 | $760,000 | $190,000 |
| 3-4% | 4 | $210,000 | $52,500 |
| 2.5-3% | 1 | $165,000 | $165,000 |
During 2024, Grand Island's most frequently originated rate bucket was 6-7%, with 438 originations.
Loan Sizing (GRAND ISLAND, NE MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 446 | $117,720,000 | $263,946 |
| $100,000 or less | 434 | $21,290,000 | $49,055 |
| $100k-200k | 401 | $59,545,000 | $148,491 |
| $400k-600k | 33 | $15,585,000 | $472,273 |
| $600k-1000k | 19 | $13,535,000 | $712,368 |
| $Over $1MM | 6 | $17,660,000 | $2,943,333 |
GRAND ISLAND's loan sizing saw the bucket of loans from $200k-400k with 446 originations, totaling $117,720,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 439 | $105,225,000 | $239,692 |
| Under 20% | 189 | $15,875,000 | $83,995 |
| 60-80% | 164 | $36,240,000 | $220,976 |
| 20-40% | 121 | $12,505,000 | $103,347 |
| 40-60% | 107 | $22,195,000 | $207,430 |
| Over 100% | 7 | $2,675,000 | $382,143 |
GRAND ISLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 439 originations, totaling $105,225,000 in origination value.