GRAND ISLAND 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 Grand Island averaged 6.78% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

    The average rate for the prior week (2023-11-22) was 6.75% and one month ago for the week of 2023-10-26, the average rate was 7.25%.

    Grand Island's average rate one year ago was 6.34%.

    For refis of the same type during the week of 2023-11-30, the average rate was 6.26%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-30 7.22%
    Grand Island 30 Year Fixed Rate 2023-11-30 6.78%
    Grand Island 30 Year Fixed Rate Refi 2023-11-30 6.26%
    Grand Island 15 Year Fixed Rate 2023-11-30 6.56%
    Grand Island 15 Year Fixed Rate Refi 2023-11-30 6.96%
    Grand Island 30 Year FHA 2023-11-30 6.65%
    Grand Island 30 Year FHA Refi 2023-11-30 7.15%
    Grand Island 30 Year USDA 2023-11-30 6.8%
    Grand Island 30 Year USDA Refi 2023-11-30 7.1%
    Grand Island 30 Year VA 2023-11-30 6.97%
    Grand Island 30 Year VA Refi 2023-11-30 6.77%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    First National Bank of Omaha 73 4.91% $2,910
    Home Federal Savings & Loan Association of Grand Island 54 4.65% $2,026
    West Gate Bank 53 5.03% $2,669
    CHARTER WEST BANK 48 5.20% $2,725
    Pinnacle Bank 40 4.55% $2,705
    Equitable Bank 30 4.89% $2,135
    QUICKEN LOANS, LLC 27 5.28% $6,016
    Five Points Bank 23 4.71% $1,690
    MORIA DEVELOPMENT, INC. 21 5.34% $5,792
    Union Bank and Trust Company 21 5.07% $2,339
    Wells Fargo Bank 20 3.96% $3,370
    Gateway First Bank 19 5.24% $3,996
    U.S. Bank 12 5.16% $2,702
    CENTRIS FEDERAL CREDIT UNION 11 4.50% $2,318
    Exchange Bank 10 5.11% $2,158
    U.S. HOME MORTGAGE, INC. 8 4.00% $2,406
    Citizens Bank 6 4.23% $2,256
    Bank of the West 6 4.08% $3,088
    Prosperity Home Mortgage, LLC 5 6.15% $4,162
    AMERISAVE MORTGAGE CORPORATION 4 4.62% $7,155
    CHURCHILL MORTGAGE CORPORATION 4 5.19% $4,355
    Plains Commerce Bank 4 4.44% $3,070
    FREEDOM MORTGAGE CORPORATION 3 4.79% $3,082
    ZILLOW HOME LOANS, LLC 2 4.06% $3,654
    BROKER SOLUTIONS, INC. 2 4.63% $6,187
    Capitol Federal Savings Bank 2 4.00% $5,270
    Devon Bank 2 4.19% $3,208
    Farm Credit Mid-America, ACA 2 5.80% $15,166
    Flagstar Bank, FSB 2 4.62% $5,213
    JPMorgan Chase Bank 2 5.56% $3,568
    LOANDEPOT.COM, LLC 2 3.44% $5,759
    Mr. Cooper ( Nationstar Mortgage ) 2 4.13% $7,145
    Servion, Inc. 2 6.25% $2,784
    The Huntington National Bank 2 3.81% $3,385
    CARDINAL FINANCIAL 1 4.25% $2,809
    LAKEVIEW LOAN SERVICING, LLC 1 4.75% $1,920
    Lincoln FSB of Nebraska 1 6.63% $2,843
    CALIBER HOME LOANS, INC. 1 3.65% $7,660
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.63% $3,082
    BETTER MORTGAGE CORPORATION 1 3.88% $882
    M&T Bank 1 4.50% $4,137
    NBKC BANK 1 5.88% $5,222
    Paramount Residential Mortgage Group, Inc. 1 6.63% $4,031
    EVERETT FINANCIAL, INC. 1 4.25% $2,374
    Dundee Bank 1 4.00% $3,010
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.38% $3,472
    CORNHUSKER BANK 1 4.75% $2,803
    Community Mortgage Banc Corporation 1 5.25% $3,807
    WINGS FINANCIAL 1 3.50% $2,346
    AMERICAN FINANCING CORPORATION 1 6.38% $4,403
    Citibank 1 5.50% $7,356
    UNION HOME MORTGAGE CORP. 1 3.38% $2,632
    UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $6,758
    CASTLE & COOKE MORTGAGE, LLC 1 5.38% $4,825
    First Nebraska Bank 1 5.38% $2,051
    GERSHMAN INVESTMENT CORP. 1 6.63% $3,092
    Grand Bank for Savings, FSB 1 6.88% $4,228
    Great Western Bank 1 3.13% $2,459
    First Interstate Bank 1 6.13% $3,025

    GRAND ISLAND Average Closing Costs & Other Stats

    GRAND ISLAND, NE's 59 lenders originated 1,665 loans during 2022. The total origination value was $332,955,000, with an average loan value of $199,973.

    GRAND ISLAND's average closing costs are $3,560.

    The top GRAND ISLAND lender as defined by loan originations is First National Bank of Omaha, with 73 loans originated. Their average total fees are $2,910, which is $884 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 ($1,690), Home Federal Savings & Loan Association of Grand Island ($2,026), Equitable Bank ($2,135), Exchange Bank ($2,158) and CENTRIS FEDERAL CREDIT UNION ($2,318).

    The lowest rate GRAND ISLAND lenders (with over 10 loans originated) are Wells Fargo Bank (3.96%), CENTRIS FEDERAL CREDIT UNION (4.50%), Pinnacle Bank (4.55%), Home Federal Savings & Loan Association of Grand Island (4.65%) and Five Points Bank (4.71%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Equitable Bank $32,715,000 $32,145,000 -1.7% 9.7%
    First National Bank of Omaha $32,020,000 $27,290,000 -14.8% 8.2%
    Pinnacle Bank $27,020,000 $25,825,000 -4.4% 7.8%
    Exchange Bank $26,705,000 $23,810,000 -10.8% 7.2%
    Five Points Bank $43,670,000 $23,405,000 -46.4% 7.0%
    Home Federal Savings & Loan Association of Grand Island $60,480,000 $21,805,000 -63.9% 6.5%
    CHARTER WEST BANK $26,810,000 $21,145,000 -21.1% 6.4%
    VERIDIAN CREDIT UNION $55,000 $17,835,000 32,327.3% 5.4%
    West Gate Bank $31,220,000 $15,490,000 -50.4% 4.7%
    MORIA DEVELOPMENT, INC. $15,580,000 $14,360,000 -7.8% 4.3%
    QUICKEN LOANS, LLC $26,995,000 $13,380,000 -50.4% 4.0%
    Gateway First Bank $24,085,000 $13,160,000 -45.4% 4.0%
    Wells Fargo Bank $15,160,000 $6,710,000 -55.7% 2.0%
    CENTRIS FEDERAL CREDIT UNION $4,865,000 $5,880,000 20.9% 1.8%
    Mortgage Research Center, LLC $6,170,000 $5,430,000 -12.0% 1.6%
    Union Bank and Trust Company $7,395,000 $5,300,000 -28.3% 1.6%
    Frontier Bank $570,000 $3,685,000 546.5% 1.1%
    U.S. Bank $10,265,000 $3,525,000 -65.7% 1.1%
    Cornerstone Bank $4,980,000 $2,620,000 -47.4% 0.8%
    AMERISAVE MORTGAGE CORPORATION $2,155,000 $2,565,000 19.0% 0.8%
    WALKER & DUNLOP, LLC $2,535,000 n/a 0.8%
    LOANDEPOT.COM, LLC $3,335,000 $2,470,000 -25.9% 0.7%
    Plains Commerce Bank $4,665,000 $2,155,000 -53.8% 0.6%
    U.S. HOME MORTGAGE, INC. $3,885,000 $2,045,000 -47.4% 0.6%
    Bank of the West $1,120,000 $1,860,000 66.1% 0.6%
    Citizens Bank $3,675,000 $1,735,000 -52.8% 0.5%
    First Interstate Bank $1,590,000 n/a 0.5%
    NEW DAY FINANCIAL, LLC $1,105,000 $1,540,000 39.4% 0.5%
    Prosperity Home Mortgage, LLC $640,000 $1,505,000 135.2% 0.5%
    CMG MORTGAGE, INC. $605,000 $1,465,000 142.1% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,645,000 $1,360,000 -17.3% 0.4%
    UNITED WHOLESALE MORTGAGE, LLC $400,000 $1,345,000 236.3% 0.4%
    BROKER SOLUTIONS, INC. $975,000 $1,300,000 33.3% 0.4%
    PENNYMAC LOAN SERVICES, LLC $2,060,000 $1,280,000 -37.9% 0.4%
    NAVY FEDERAL CREDIT UNION $1,810,000 $1,225,000 -32.3% 0.4%
    CHURCHILL MORTGAGE CORPORATION $570,000 $1,145,000 100.9% 0.3%
    Farm Credit Mid-America, ACA $2,395,000 $1,125,000 -53.0% 0.3%
    The Huntington National Bank $1,050,000 n/a 0.3%
    FREEDOM MORTGAGE CORPORATION $5,140,000 $1,015,000 -80.3% 0.3%
    NBKC BANK $625,000 $930,000 48.8% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,045,000 $880,000 -15.8% 0.3%
    Capitol Federal Savings Bank $840,000 n/a 0.3%
    Flagstar Bank, FSB $185,000 $760,000 310.8% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $550,000 n/a 0.2%
    CLEARPATH LENDING $155,000 $510,000 229.0% 0.2%
    NEWREZ LLC $415,000 $485,000 16.9% 0.1%
    GERSHMAN INVESTMENT CORP. $365,000 $480,000 31.5% 0.1%
    Devon Bank $470,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $75,000 $445,000 493.3% 0.1%
    JPMorgan Chase Bank $550,000 $430,000 -21.8% 0.1%
    Lincoln FSB of Nebraska $255,000 $430,000 68.6% 0.1%
    USAA Federal Savings Bank $1,355,000 $420,000 -69.0% 0.1%
    Servion, Inc. $410,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $405,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $400,000 n/a 0.1%
    Members Mortgage Services, L.L.C. $725,000 $390,000 -46.2% 0.1%
    WINGS FINANCIAL $385,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $970,000 $360,000 -62.9% 0.1%
    First State Bank of St. Charles, Missouri $355,000 n/a 0.1%
    Magnolia Bank $440,000 $315,000 -28.4% 0.1%
    North American Savings Bank, F.S.B. $315,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $240,000 $310,000 29.2% 0.1%
    UNION HOME MORTGAGE CORP. $775,000 $310,000 -60.0% 0.1%
    Adams Bank & Trust $305,000 n/a 0.1%
    Midwest Bank $265,000 n/a 0.1%
    Colonial Savings, F.A. $255,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $520,000 $255,000 -51.0% 0.1%
    Armed Forces Bank $245,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $475,000 $225,000 -52.6% 0.1%
    Citibank $95,000 $225,000 136.8% 0.1%
    Grand Bank for Savings, FSB $125,000 $225,000 80.0% 0.1%
    CASTLE & COOKE MORTGAGE, LLC $415,000 $215,000 -48.2% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $960,000 $215,000 -77.6% 0.1%
    AMCAP MORTGAGE, LTD. $95,000 $210,000 121.1% 0.1%
    BETTER MORTGAGE CORPORATION $840,000 $205,000 -75.6% 0.1%
    Dundee Bank $145,000 $195,000 34.5% 0.1%
    Security First Bank $195,000 n/a 0.1%
    The Federal Savings Bank $1,235,000 $195,000 -84.2% 0.1%
    Ally Bank $780,000 $185,000 -76.3% 0.1%
    M&T Bank $185,000 n/a 0.1%
    Great Western Bank $5,185,000 $180,000 -96.5% 0.1%
    PNC Bank $315,000 $180,000 -42.9% 0.1%
    First Bank $295,000 $175,000 -40.7% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $75,000 $175,000 133.3% 0.1%
    EVERETT FINANCIAL, INC. $225,000 $155,000 -31.1% 0.0%
    Nations Lending Corporation $145,000 $155,000 6.9% 0.0%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $485,000 $145,000 -70.1% 0.0%
    CENTENNIAL LENDING, LLC $140,000 n/a 0.0%
    CORNHUSKER BANK $245,000 $135,000 -44.9% 0.0%
    City Bank $115,000 n/a 0.0%
    Community Mortgage Banc Corporation $115,000 n/a 0.0%
    Points West Community Bank $55,000 $105,000 90.9% 0.0%
    21ST MORTGAGE CORPORATION $35,000 $95,000 171.4% 0.0%
    AMERICAN FINANCING CORPORATION $335,000 $95,000 -71.6% 0.0%
    TEMPLE VIEW CAPITAL FUNDING, LP $95,000 n/a 0.0%
    VILLAGE CAPITAL MORTGAGE $880,000 $95,000 -89.2% 0.0%
    First Nebraska Bank $185,000 $65,000 -64.9% 0.0%
    Figure Lending LLC $60,000 n/a 0.0%
    Bank of America $675,000 $55,000 -91.9% 0.0%
    SPRING EQ, LLC $60,000 $55,000 -8.3% 0.0%
    Discover Bank $100,000 $35,000 -65.0% 0.0%
    LIBERTY FIRST $730,000 $35,000 -95.2% 0.0%

    GRAND ISLAND's top lender by overall market share is Equitable Bank, with 9.7% market share. In second place, with 8.2%, is First National Bank of Omaha, having originated $27,290,000 in loans. In third place, with 7.8%, is Pinnacle Bank, having originated $25,825,000 in loans. In fourth place, with 7.2%, is Exchange Bank, having originated $23,810,000 in loans. In fifth place, with 7.0%, is Five Points Bank, having originated $23,405,000 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 (6.3%) $241,252 (11.3%) 0.00 136
    2018-02-01 $201,750 (6.9%) $245,017 (14.5%) 0.00 127
    2018-03-01 $211,250 (13.3%) $244,355 (15.5%) 0.00 126
    2018-04-01 $229,750 (27.7%) $254,518 (21.7%) 0.00 126
    2018-05-01 $225,750 (21.7%) $250,302 (15.6%) 0.00 131
    2018-06-01 $209,900 (9.5%) $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 (-5.9%) $235,604 (-4.5%) 0.00 155
    2018-10-01 $220,000 (6.6%) $248,238 (-0.4%) 0.00 153
    2018-11-01 $199,900 (1.9%) $242,041 (0.5%) 0.00 157
    2018-12-01 $195,000 (3.3%) $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 $191,300 (-7.1%) $260,380 (5.3%) 0.00 92
    2020-12-01 $196,700 (-2.3%) $263,770 (4.2%) 0.00 85
    2021-01-01 $199,900 (0.0%) $257,984 (1.2%) 0.00 81
    2021-02-01 $208,075 (4.6%) $268,696 (6.8%) 0.00 71
    2021-03-01 $219,975 (-1.1%) $297,396 (13.2%) 0.00 55
    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 (19.5%) $279,263 (7.3%) 0.00 60
    2021-12-01 $242,000 (23.0%) $297,052 (12.6%) 0.00 54
    2022-01-01 $247,500 (23.8%) $296,197 (14.8%) 0.00 60
    2022-02-01 $243,250 (16.9%) $289,167 (7.6%) 0.00 55
    2022-03-01 $234,975 (6.8%) $296,985 (-0.1%) 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
    GRAND ISLAND's median listing price for 2023-11-01 was $305,000, a difference of $15,100 (5.2%) versus the prior year and $5,325 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 2023-11-01 was $349,716, a difference of $15,139 (4.5%) versus the prior year and $3,198 versus the prior month.

    For the 2023-11-01 period, GRAND ISLAND had 116 MLS listings, a difference of 7 listings (6%) versus the prior month and 1 listings (1%) 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 1,573 sqft
    2018-06-01 0 days 1,618 sqft
    2018-07-01 0 days 1,650 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 1,500 sqft
    2020-01-01 0 days 1,437 sqft
    2020-02-01 0 days 1,416 sqft
    2020-03-01 0 days 1,708 sqft
    2020-04-01 0 days 1,919 sqft
    2020-05-01 0 days 1,730 sqft
    2020-06-01 0 days 1,647 sqft
    2020-07-01 0 days 1,626 sqft
    2020-08-01 0 days 2,004 sqft
    2020-09-01 0 days 1,688 sqft
    2020-10-01 0 days 1,887 sqft
    2020-11-01 0 days 1,843 sqft
    2020-12-01 0 days 1,817 sqft
    2021-01-01 0 days 1,666 sqft
    2021-02-01 0 days 1,609 sqft
    2021-03-01 0 days 1,770 sqft
    2021-04-01 0 days 2,047 sqft
    2021-05-01 0 days 2,018 sqft
    2021-06-01 0 days 2,131 sqft
    2021-07-01 0 days 1,894 sqft
    2021-08-01 0 days 1,755 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
    GRAND ISLAND's median listing age (time on market) for 2023-11-01 was 0 days.

    GRAND ISLAND's median square footage for active listings during the 2023-11-01 period was 2,427 sqft. One year prior, the average listing was 2,630 sqft.

    GRAND ISLAND, NE Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 995 $207,195,000 $208,236
    Refi 265 $58,965,000 $222,509
    Cash Out Refi 223 $54,135,000 $242,758
    Home Improvement 107 $6,945,000 $64,907
    Other 75 $5,715,000 $76,200

    Grand Island's most frequently cited loan purpose was Home Purchase, with 995 originations. The 2nd most popular reason was Refi, with 265 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 457 $85,965,000 $188,107
    4-5% 381 $81,235,000 $213,215
    3-4% 371 $100,735,000 $271,523
    6-7% 196 $31,610,000 $161,276
    <2.5% 95 $6,895,000 $72,579
    2.5-3% 83 $16,465,000 $198,373
    7-8% 66 $8,880,000 $134,545
    Over 8% 14 $800,000 $57,143

    During 2022, Grand Island's most frequently originated rate bucket was 5-6%, with 457 originations.

    Loan Sizing (GRAND ISLAND, NE MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 597 $89,165,000 $149,355
    $200k-400k 540 $141,680,000 $262,370
    $100,000 or less 460 $24,040,000 $52,261
    $400k-600k 37 $16,705,000 $451,486
    $600k-1000k 17 $11,025,000 $648,529
    $Over $1MM 14 $50,340,000 $3,595,714

    GRAND ISLAND's loan sizing saw the bucket of loans from $100k-200k with 597 originations, totaling $89,165,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 662 $145,300,000 $219,486
    60-80% 389 $110,385,000 $283,766
    40-60% 217 $34,695,000 $159,885
    Under 20% 190 $18,890,000 $99,421
    20-40% 165 $19,805,000 $120,030
    Over 100% 13 $2,995,000 $230,385

    GRAND ISLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 662 originations, totaling $145,300,000 in origination value.