Kearney 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 Kearney averaged 6.76% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

    The average rate for the prior week (2024-07-11) was 6.68% and one month ago for the week of 2024-06-13, the average rate was 6.94%.

    Kearney's average rate one year ago was 6.75%.

    For refis of the same type during the week of 2024-07-18, the average rate was 6.77%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-07-18 6.77%
    Kearney 30 Year Fixed Rate 2024-07-18 6.76%
    Kearney 30 Year Fixed Rate Refi 2024-07-18 6.77%
    Kearney 15 Year Fixed Rate 2024-07-18 6.05%
    Kearney 15 Year Fixed Rate Refi 2024-07-18 6.15%
    Kearney 30 Year FHA 2024-07-18 6.68%
    Kearney 30 Year FHA Refi 2024-07-18 6.39%
    Kearney 30 Year USDA 2024-07-18 6.73%
    Kearney 30 Year USDA Refi 2024-07-18 6.53%
    Kearney 30 Year VA 2024-07-18 6.5%
    Kearney 30 Year VA Refi 2024-07-18 6.3%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Kearney, NE.

    Kearney 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 Kearney, 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 75 6.78% $3,423
    Pinnacle Bank 45 6.68% $2,902
    West Gate Bank 39 6.80% $2,637
    Five Points Bank 18 6.73% $2,132
    UNITED WHOLESALE MORTGAGE, LLC 13 7.41% $4,084
    QUICKEN LOANS, LLC 10 6.80% $4,895
    Farm Credit Mid-America, ACA 5 7.08% $11,196
    CHARTER WEST BANK 5 6.98% $3,247
    U.S. Bank 5 7.03% $2,281
    Capitol Federal Savings Bank 4 4.91% $6,792
    Servion, Inc. 3 7.25% $5,800
    CHURCHILL MORTGAGE CORPORATION 3 6.12% $6,133
    Bank of America 2 7.06% $7,045
    NAVY FEDERAL CREDIT UNION 2 7.50% $5,058
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $3,131
    Farmers Bank & Trust 2 6.69% $2,890
    Wells Fargo Bank 2 6.44% $2,429
    LIBERTY FIRST 1 8.13% $2,148
    Ally Bank 1 6.25% $17,060
    MORIA DEVELOPMENT, INC. 1 6.50% $8,354
    Mortgage Research Center, LLC 1 6.63% $3,382
    NEWREZ LLC 1 7.38% $4,025
    Paramount Residential Mortgage Group, Inc. 1 6.63% $3,426
    PENNYMAC LOAN SERVICES, LLC 1 6.38% $4,445
    Plains Commerce Bank 1 7.13% $2,915
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.63% $2,632
    VERIDIAN CREDIT UNION 1 6.13% $1,894
    ZILLOW HOME LOANS, LLC 1 6.25% $7,910
    MidFirst Bank 1 6.18% $4,033
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.49% $12,142
    BETTER MORTGAGE CORPORATION 1 6.50% $1,772
    BMO Harris Bank 1 6.88% $3,599
    BROKER SOLUTIONS, INC. 1 6.38% $4,344
    CENTRIS FEDERAL CREDIT UNION 1 7.50% $2,594
    Commerce Home Mortgage, Inc. 1 7.88% $9,056
    COMMUNITYAMERICA 1 6.50% $3,166
    CORNHUSKER BANK 1 6.38% $2,554
    Deere Employees Credit Union 1 7.50% $4,201
    First Interstate Bank 1 7.00% $1,705
    First National Bank and Trust Company 1 7.13% $3,760
    FREEDOM MORTGAGE CORPORATION 1 6.88% $11,725
    Gateway First Bank 1 7.63% $2,351
    GUARANTEED RATE, INC. 1 6.80% $4,488
    Home Federal Savings & Loan Association of Grand Island 1 6.63% $2,477
    JPMorgan Chase Bank 1 6.38% $4,147

    Kearney Average Closing Costs & Other Stats

    Kearney, NE's 45 lenders originated 767 loans during 2023. The total origination value was $142,545,000, with an average loan value of $185,847.

    Kearney's average closing costs are $3,464.

    The top Kearney lender as defined by loan originations is First National Bank of Omaha, with 75 loans originated. Their average total fees are $3,423, which is $521 higher than the next largest lender, Pinnacle Bank.

    The lowest fee Kearney lenders (with over 10 loans originated) are Five Points Bank ($2,132), West Gate Bank ($2,637), Pinnacle Bank ($2,902), First National Bank of Omaha ($3,423) and UNITED WHOLESALE MORTGAGE, LLC ($4,084).

    The lowest rate Kearney lenders (with over 10 loans originated) are Pinnacle Bank (6.68%), Five Points Bank (6.73%), First National Bank of Omaha (6.78%), QUICKEN LOANS, LLC (6.80%) and West Gate Bank (6.80%).

    Kearney, 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
    First National Bank of Omaha $37,990,000 $32,690,000 -14.0% 22.9%
    Pinnacle Bank $45,125,000 $30,945,000 -31.4% 21.7%
    West Gate Bank $29,000,000 $11,430,000 -60.6% 8.0%
    Five Points Bank $7,780,000 $9,930,000 27.6% 7.0%
    QUICKEN LOANS, LLC $11,480,000 $6,665,000 -41.9% 4.7%
    UNITED WHOLESALE MORTGAGE, LLC $2,985,000 $4,940,000 65.5% 3.5%
    Mortgage Research Center, LLC $3,195,000 $2,755,000 -13.8% 1.9%
    U.S. Bank $6,415,000 $2,740,000 -57.3% 1.9%
    Farm Credit Mid-America, ACA $3,695,000 $2,600,000 -29.6% 1.8%
    Capitol Federal Savings Bank $3,130,000 $1,980,000 -36.7% 1.4%
    Cornerstone Bank $135,000 $1,710,000 1,166.7% 1.2%
    CHARTER WEST BANK $2,875,000 $1,555,000 -45.9% 1.1%
    Home Federal Savings & Loan Association of Grand Island $765,000 $1,425,000 86.3% 1.0%
    FirsTier Bank $1,165,000 n/a 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $505,000 $1,140,000 125.7% 0.8%
    CHURCHILL MORTGAGE CORPORATION $1,070,000 n/a 0.8%
    NAVY FEDERAL CREDIT UNION $470,000 $1,060,000 125.5% 0.7%
    Servion, Inc. $1,020,000 n/a 0.7%
    Wells Fargo Bank $4,040,000 $980,000 -75.7% 0.7%
    Equitable Bank $1,385,000 $780,000 -43.7% 0.5%
    First Federal Bank $705,000 n/a 0.5%
    First State Bank $585,000 $690,000 17.9% 0.5%
    First Interstate Bank $5,850,000 $675,000 -88.5% 0.5%
    Plains Commerce Bank $6,260,000 $665,000 -89.4% 0.5%
    USAA Federal Savings Bank $275,000 $600,000 118.2% 0.4%
    BROKER SOLUTIONS, INC. $410,000 $585,000 42.7% 0.4%
    Heritage Bank $425,000 $545,000 28.2% 0.4%
    MORIA DEVELOPMENT, INC. $305,000 $545,000 78.7% 0.4%
    Gateway First Bank $55,000 $540,000 881.8% 0.4%
    PENNYMAC LOAN SERVICES, LLC $715,000 $515,000 -28.0% 0.4%
    CENTRIS FEDERAL CREDIT UNION $480,000 n/a 0.3%
    CORNHUSKER BANK $465,000 n/a 0.3%
    Bank of America $455,000 n/a 0.3%
    BMO Harris Bank $455,000 n/a 0.3%
    Deere Employees Credit Union $450,000 n/a 0.3%
    Farmers Bank & Trust $440,000 n/a 0.3%
    Lincoln FSB of Nebraska $115,000 $440,000 282.6% 0.3%
    NFM, INC. $415,000 n/a 0.3%
    Magnolia Bank $405,000 n/a 0.3%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $395,000 n/a 0.3%
    Ally Bank $335,000 $365,000 9.0% 0.3%
    Discover Bank $115,000 $355,000 208.7% 0.2%
    MidFirst Bank $345,000 n/a 0.2%
    Adams Bank & Trust $335,000 n/a 0.2%
    VERIDIAN CREDIT UNION $335,000 n/a 0.2%
    First National Bank and Trust Company $325,000 n/a 0.2%
    NEWREZ LLC $585,000 $325,000 -44.4% 0.2%
    First Nebraska Bank $920,000 $320,000 -65.2% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $1,135,000 $315,000 -72.2% 0.2%
    FREEDOM MORTGAGE CORPORATION $1,780,000 $305,000 -82.9% 0.2%
    American Mortgage & Equity Consultants, Inc. $295,000 n/a 0.2%
    NBKC BANK $285,000 n/a 0.2%
    Members Mortgage Services, L.L.C. $280,000 n/a 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $275,000 n/a 0.2%
    PLAZA HOME MORTGAGE, INC. $250,000 n/a 0.2%
    CENTENNIAL LENDING, LLC $245,000 n/a 0.2%
    GERSHMAN INVESTMENT CORP. $950,000 $245,000 -74.2% 0.2%
    NEW DAY FINANCIAL, LLC $845,000 $245,000 -71.0% 0.2%
    LOANDEPOT.COM, LLC $1,625,000 $240,000 -85.2% 0.2%
    ZILLOW HOME LOANS, LLC $235,000 n/a 0.2%
    CMG MORTGAGE, INC. $205,000 $225,000 9.8% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $1,085,000 $225,000 -79.3% 0.2%
    BankFirst $215,000 n/a 0.2%
    VILLAGE CAPITAL MORTGAGE $330,000 $215,000 -34.8% 0.2%
    Commerce Home Mortgage, Inc. $205,000 n/a 0.1%
    The Federal Savings Bank $205,000 n/a 0.1%
    Pathway Bank $200,000 n/a 0.1%
    Figure Lending LLC $155,000 $195,000 25.8% 0.1%
    Paramount Residential Mortgage Group, Inc. $195,000 n/a 0.1%
    COMMUNITYAMERICA $185,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $265,000 $185,000 -30.2% 0.1%
    BETTER MORTGAGE CORPORATION $175,000 n/a 0.1%
    First Mid Bank & Trust $175,000 n/a 0.1%
    GUARANTEED RATE, INC. $265,000 $175,000 -34.0% 0.1%
    PHH Mortgage Corporation $175,000 n/a 0.1%
    Northpointe Bank $25,000 $155,000 520.0% 0.1%
    Unify Home Lending Inc. $155,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $285,000 $130,000 -54.4% 0.1%
    AMERISAVE MORTGAGE CORPORATION $2,150,000 $125,000 -94.2% 0.1%
    Regent Financial Group, Inc. $120,000 n/a 0.1%
    JPMorgan Chase Bank $710,000 $115,000 -83.8% 0.1%
    University of Nebraska Federal Credit Union $115,000 n/a 0.1%
    PNC Bank $475,000 $105,000 -77.9% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $615,000 $85,000 -86.2% 0.1%
    Centier Bank $65,000 n/a 0.0%
    LIBERTY FIRST $65,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $85,000 $65,000 -23.5% 0.0%
    Coastal Community Bank $60,000 n/a 0.0%
    Points West Community Bank $55,000 n/a 0.0%
    Security First Bank $270,000 $35,000 -87.0% 0.0%
    Union Bank and Trust Company $465,000 $25,000 -94.6% 0.0%

    Kearney's top lender by overall market share is First National Bank of Omaha, with 22.9% market share. In second place, with 21.7%, is Pinnacle Bank, having originated $30,945,000 in loans. In third place, with 8.0%, is West Gate Bank, having originated $11,430,000 in loans. In fourth place, with 7.0%, is Five Points Bank, having originated $9,930,000 in loans. In fifth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $6,665,000 in loans.

    Kearney, NE Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 499 $111,795,000 $224,038
    Other 80 $5,790,000 $72,375
    Refi 64 $9,850,000 $153,906
    Home Improvement 62 $4,510,000 $72,742
    Cash Out Refi 62 $10,600,000 $170,968

    Kearney's most frequently cited loan purpose was Home Purchase, with 499 originations. The 2nd most popular reason was Other, with 80 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 287 $68,475,000 $238,589
    7-8% 224 $39,540,000 $176,518
    Over 8% 99 $9,255,000 $93,485
    5-6% 55 $13,595,000 $247,182
    <2.5% 44 $340,000 $7,727
    4-5% 8 $2,640,000 $330,000
    3-4% 2 $490,000 $245,000
    2.5-3% 1 $435,000 $435,000

    During 2023, Kearney's most frequently originated rate bucket was 6-7%, with 287 originations.

    Loan Sizing (Kearney, NE MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 246 $11,830,000 $48,089
    $200k-400k 243 $67,205,000 $276,564
    $100k-200k 223 $33,985,000 $152,399
    $400k-600k 40 $18,420,000 $460,500
    $600k-1000k 14 $10,100,000 $721,429
    $Over $1MM 1 $1,005,000 $1,005,000

    Kearney's loan sizing saw the bucket of loans from $100,000 or less with 246 originations, totaling $11,830,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 289 $71,155,000 $246,211
    60-80% 124 $31,260,000 $252,097
    Under 20% 113 $5,195,000 $45,973
    20-40% 98 $11,290,000 $115,204
    40-60% 65 $13,065,000 $201,000
    Over 100% 8 $2,590,000 $323,750

    Kearney's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 289 originations, totaling $71,155,000 in origination value.