GRAND ISLAND Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Grand Island averaged
6.11%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.01% and
one month ago for the week of 2024-09-05, the
average rate was 6.24%.
Grand Island's average rate one year ago was 7.38%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Grand Island 30 Year Fixed Rate | 2024-10-10 | 6.11% |
Grand Island 30 Year Fixed Rate Refi | 2024-10-10 | 6.22% |
Grand Island 15 Year Fixed Rate | 2024-10-10 | 5.61% |
Grand Island 15 Year Fixed Rate Refi | 2024-10-10 | 5.91% |
Grand Island 30 Year FHA | 2024-10-10 | 5.82% |
Grand Island 30 Year FHA Refi | 2024-10-10 | 5.9% |
Grand Island 30 Year USDA | 2024-10-10 | 6.28% |
Grand Island 30 Year USDA Refi | 2024-10-10 | 5.88% |
Grand Island 30 Year VA | 2024-10-10 | 6.05% |
Grand Island 30 Year VA Refi | 2024-10-10 | 6.05% |
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 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. LouisDate | 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 |
GRAND ISLAND's median listing price comes in at 0% of the national average.
GRAND ISLAND's average listing price for 2024-09-01 was $373,094, a difference of $26,188 (7.6%) versus the prior year and $-14,884 versus the prior month.
For the 2024-09-01 period, GRAND ISLAND had 140 MLS listings, a difference of 14 listings (11%) versus the prior month and 48 listings (52%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - GRAND ISLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
GRAND ISLAND's median square footage for active listings during the 2024-09-01 period was 2,414 sqft. One year prior, the average listing was 2,450 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.