GRAND ISLAND Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Grand Island averaged 6.67% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.98% and one month ago for the week of 2024-10-10, the average rate was 6.11%.

    Grand Island's average rate one year ago was 7.59%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.28%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Grand Island 30 Year Fixed Rate 2024-11-14 6.67%
    Grand Island 30 Year Fixed Rate Refi 2024-11-14 7.28%
    Grand Island 15 Year Fixed Rate 2024-11-14 5.79%
    Grand Island 15 Year Fixed Rate Refi 2024-11-14 6.19%
    Grand Island 30 Year FHA 2024-11-14 0.12%
    Grand Island 30 Year FHA Refi 2024-11-14 -0.1%
    Grand Island 30 Year USDA 2024-11-14 -0.2%
    Grand Island 30 Year USDA Refi 2024-11-14 0.1%
    Grand Island 30 Year VA 2024-11-14 0%
    Grand Island 30 Year VA Refi 2024-11-14 0.2%
    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
    2024-03-01 $319,000 (7.2%) $346,230 (-5.6%) 0.00 98
    2024-04-01 $314,725 (-3.7%) $346,683 (-7.8%) 0.00 85
    2024-05-01 $319,700 (1.5%) $361,289 (-5.3%) 0.00 90
    2024-06-01 $314,900 (-3.0%) $361,730 (-2.9%) 0.00 99
    2024-07-01 $316,000 (5.3%) $377,924 (8.6%) 0.00 109
    2024-08-01 $304,500 (5.0%) $387,978 (11.1%) 0.00 126
    2024-09-01 $315,000 (5.4%) $373,094 (7.6%) 0.00 140
    2024-10-01 $321,750 (7.4%) $372,976 (7.6%) 0.00 146
    GRAND ISLAND's median listing price for 2024-10-01 was $321,750, a difference of $22,075 (7.4%) versus the prior year and $6,750 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 2024-10-01 was $372,976, a difference of $26,458 (7.6%) versus the prior year and $-118 versus the prior month.

    For the 2024-10-01 period, GRAND ISLAND had 146 MLS listings, a difference of 6 listings (4%) versus the prior month and 37 listings (34%) 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
    2024-03-01 0 days 2,424 sqft
    2024-04-01 0 days 2,398 sqft
    2024-05-01 0 days 2,363 sqft
    2024-06-01 0 days 2,328 sqft
    2024-07-01 0 days 2,330 sqft
    2024-08-01 0 days 2,360 sqft
    2024-09-01 0 days 2,414 sqft
    2024-10-01 0 days 2,460 sqft
    GRAND ISLAND's median listing age (time on market) for 2024-10-01 was 0 days.

    GRAND ISLAND's median square footage for active listings during the 2024-10-01 period was 2,460 sqft. One year prior, the average listing was 2,442 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.