Lexington Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Lexington averaged 6.49% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.6% and one month ago for the week of 2025-02-27, the average rate was 6.71%.

    Lexington's average rate one year ago was 6.84%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.84%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Lexington 30 Year Fixed Rate 2025-04-03 6.49%
    Lexington 30 Year Fixed Rate Refi 2025-04-03 6.84%
    Lexington 15 Year Fixed Rate 2025-04-03 5.92%
    Lexington 15 Year Fixed Rate Refi 2025-04-03 5.82%
    Lexington 30 Year FHA 2025-04-03 6.06%
    Lexington 30 Year FHA Refi 2025-04-03 6.06%
    Lexington 30 Year USDA 2025-04-03 6.32%
    Lexington 30 Year USDA Refi 2025-04-03 6.52%
    Lexington 30 Year VA 2025-04-03 5.86%
    Lexington 30 Year VA Refi 2025-04-03 5.86%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Lexington, NE.

    Lexington 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 Lexington, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    West Gate Bank 21 6.76% $2,439
    QUICKEN LOANS, LLC 20 6.58% $6,153
    Home Federal Savings & Loan Association of Grand Island 17 6.82% $2,596
    Pinnacle Bank 11 6.62% $3,021
    First National Bank of Omaha 9 6.94% $3,508
    First State Bank 9 6.64% $2,981
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 7.27% $3,571
    Security First Bank 4 6.94% $2,187
    Plains Commerce Bank 4 7.16% $3,254
    U.S. Bank 4 6.81% $2,519
    CHARTER WEST BANK 3 6.46% $3,573
    JPMorgan Chase Bank 3 6.79% $2,769
    Wells Fargo Bank 3 6.67% $4,730
    AMERICAN FINANCIAL NETWORK, INC. 2 6.75% $5,238
    GERSHMAN INVESTMENT CORP. 2 6.56% $3,885
    Mortgage Research Center, LLC 2 7.31% $7,667
    NBKC BANK 1 6.50% $1,704
    NFM, INC. 1 7.25% $7,300
    PENNYMAC LOAN SERVICES, LLC 1 6.50% $6,571
    PREMIA MORTGAGE, LLC 1 6.50% $0
    Carrington Mortgage Services, LLC 1 6.00% $7,474
    UBS Bank USA 1 6.88% $2,722
    BROKER SOLUTIONS, INC. 1 7.13% $6,466
    CHURCHILL MORTGAGE CORPORATION 1 6.99% $2,982
    Deere Employees Credit Union 1 5.49% $3,091
    DELMAR FINANCIAL COMPANY 1 7.63% $2,995
    Farm Credit Mid-America, ACA 1 7.25% $5,960
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $4,095
    First Dakota National Bank 1 6.50% $4,709
    First Interstate Bank 1 8.00% $2,937
    Frontier Bank 1 6.13% $3,348
    GUARANTEED RATE, INC. 1 6.49% $5,502
    LEADERONE FINANCIAL CORPORATION 1 7.00% $3,032
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $10,357
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $3,590

    Lexington Average Closing Costs & Other Stats

    Lexington, NE's 35 lenders originated 404 loans during 2024. The total origination value was $65,290,000, with an average loan value of $161,609.

    Lexington's average closing costs are $3,978.

    The top Lexington lender as defined by loan originations is West Gate Bank, with 21 loans originated. Their average total fees are $2,439, which is $3,714 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Lexington lenders (with over 10 loans originated) are West Gate Bank ($2,439), Home Federal Savings & Loan Association of Grand Island ($2,596), Pinnacle Bank ($3,021), QUICKEN LOANS, LLC ($6,153) and .

    The lowest rate Lexington lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.58%), Pinnacle Bank (6.62%), West Gate Bank (6.76%), Home Federal Savings & Loan Association of Grand Island (6.82%) and .

    Lexington, 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 $9,110,000 $8,575,000 -5.9% 13.1%
    QUICKEN LOANS, LLC $2,710,000 $7,130,000 163.1% 10.9%
    First State Bank $3,940,000 $5,125,000 30.1% 7.8%
    West Gate Bank $1,085,000 $4,770,000 339.6% 7.3%
    First National Bank of Omaha $4,145,000 $4,560,000 10.0% 7.0%
    Home Federal Savings & Loan Association of Grand Island $1,060,000 $3,700,000 249.1% 5.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $360,000 $2,960,000 722.2% 4.5%
    Security First Bank $2,355,000 $2,720,000 15.5% 4.2%
    Five Points Bank $440,000 $1,950,000 343.2% 3.0%
    Mortgage Research Center, LLC $1,115,000 $1,915,000 71.7% 2.9%
    CHARTER WEST BANK $1,970,000 $1,440,000 -26.9% 2.2%
    U.S. Bank $1,020,000 $1,390,000 36.3% 2.1%
    Plains Commerce Bank $540,000 $1,230,000 127.8% 1.9%
    Pathway Bank $1,135,000 n/a 1.7%
    AMERICAN FINANCIAL NETWORK, INC. $785,000 n/a 1.2%
    JPMorgan Chase Bank $785,000 n/a 1.2%
    Wells Fargo Bank $345,000 $760,000 120.3% 1.2%
    PENNYMAC LOAN SERVICES, LLC $110,000 $730,000 563.6% 1.1%
    CORNHUSKER BANK $685,000 n/a 1.0%
    First Dakota National Bank $675,000 n/a 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $330,000 $560,000 69.7% 0.9%
    Frontier Bank $535,000 n/a 0.8%
    Union Bank and Trust Company $200,000 $505,000 152.5% 0.8%
    FREEDOM MORTGAGE CORPORATION $530,000 $500,000 -5.7% 0.8%
    GERSHMAN INVESTMENT CORP. $460,000 n/a 0.7%
    Deere Employees Credit Union $155,000 $445,000 187.1% 0.7%
    Farm Credit Mid-America, ACA $400,000 $430,000 7.5% 0.7%
    First Interstate Bank $895,000 $420,000 -53.1% 0.6%
    LOANDEPOT.COM, LLC $500,000 $420,000 -16.0% 0.6%
    UBS Bank USA $415,000 n/a 0.6%
    USAA Federal Savings Bank $380,000 n/a 0.6%
    BROKER SOLUTIONS, INC. $305,000 $370,000 21.3% 0.6%
    MUTUAL OF OMAHA MORTGAGE, INC. $215,000 $340,000 58.1% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $55,000 $315,000 472.7% 0.5%
    Discover Bank $300,000 n/a 0.5%
    FirsTier Bank $800,000 $300,000 -62.5% 0.5%
    Landmark National Bank $285,000 n/a 0.4%
    The Federal Savings Bank $285,000 n/a 0.4%
    VILLAGE CAPITAL MORTGAGE $245,000 n/a 0.4%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $235,000 n/a 0.4%
    LEADERONE FINANCIAL CORPORATION $225,000 n/a 0.3%
    NBKC BANK $155,000 $225,000 45.2% 0.3%
    Prosperity Home Mortgage, LLC $220,000 n/a 0.3%
    PREMIA MORTGAGE, LLC $205,000 n/a 0.3%
    Wallick & Volk, Inc. $165,000 $205,000 24.2% 0.3%
    Equitable Bank $785,000 $195,000 -75.2% 0.3%
    GUARANTEED RATE, INC. $185,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $320,000 $175,000 -45.3% 0.3%
    Coastal Community Bank $175,000 n/a 0.3%
    Members Mortgage Services, L.L.C. $175,000 n/a 0.3%
    FIRST STATE MORTGAGE SERVICES, LLC $155,000 n/a 0.2%
    NFM, INC. $155,000 n/a 0.2%
    Fortress Bank $145,000 n/a 0.2%
    Carrington Mortgage Services, LLC $135,000 n/a 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $125,000 n/a 0.2%
    MORIA DEVELOPMENT, INC. $155,000 $125,000 -19.4% 0.2%
    BAY EQUITY LLC $115,000 n/a 0.2%
    Farmers and Merchants Bank $115,000 n/a 0.2%
    Mortgage Investment Services Corporation $115,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $295,000 $105,000 -64.4% 0.2%
    First-Citizens Bank & Trust Company $105,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $85,000 $95,000 11.8% 0.1%
    ZILLOW HOME LOANS, LLC $165,000 $95,000 -42.4% 0.1%
    CASTLE & COOKE MORTGAGE, LLC $85,000 n/a 0.1%
    DELMAR FINANCIAL COMPANY $65,000 n/a 0.1%
    Capitol Federal Savings Bank $55,000 n/a 0.1%
    Nebraska Bank of Commerce $385,000 $55,000 -85.7% 0.1%
    Figure Lending LLC $65,000 $40,000 -38.5% 0.1%
    Citizens Bank $25,000 n/a 0.0%

    Lexington's top lender by overall market share is Pinnacle Bank, with 13.1% market share. In second place, with 10.9%, is QUICKEN LOANS, LLC, having originated $7,130,000 in loans. In third place, with 7.8%, is First State Bank, having originated $5,125,000 in loans. In fourth place, with 7.3%, is West Gate Bank, having originated $4,770,000 in loans. In fifth place, with 7.0%, is First National Bank of Omaha, having originated $4,560,000 in loans.

    Lexington Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Lexington (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 $98,100 (-18.1%) $143,257 (0.3%) 0.00 57
    2018-02-01 $112,600 (8.1%) $154,603 (15.0%) 0.00 61
    2018-03-01 $132,000 (33.3%) $171,584 (29.0%) 0.00 62
    2018-04-01 $155,000 (37.8%) $175,086 (26.2%) 0.00 62
    2018-05-01 $154,725 (23.8%) $170,988 (19.2%) 0.00 69
    2018-06-01 $162,500 (30.4%) $197,989 (41.8%) 0.00 104
    2018-07-01 $159,000 (28.3%) $196,382 (37.7%) 0.00 94
    2018-08-01 $139,450 (5.1%) $181,117 (13.4%) 0.00 88
    2018-09-01 $139,900 (1.8%) $176,133 (1.6%) 0.00 90
    2018-10-01 $151,200 (11.2%) $191,000 (20.0%) 0.00 80
    2018-11-01 $162,425 (17.5%) $197,165 (28.3%) 0.00 80
    2018-12-01 $164,975 (32.5%) $196,849 (33.4%) 0.00 76
    2019-01-01 $165,000 (68.2%) $209,915 (46.5%) 0.00 95
    2019-02-01 $164,988 (46.5%) $211,554 (36.8%) 0.00 92
    2019-03-01 $167,386 (26.8%) $213,935 (24.7%) 0.00 91
    2019-04-01 $167,236 (7.9%) $211,104 (20.6%) 0.00 93
    2019-05-01 $168,750 (9.1%) $216,883 (26.8%) 0.00 103
    2019-06-01 $165,750 (2.0%) $210,305 (6.2%) 0.00 111
    2019-07-01 $162,400 (2.1%) $218,086 (11.1%) 0.00 107
    2019-08-01 $167,836 (20.4%) $222,246 (22.7%) 0.00 105
    2019-09-01 $179,741 (28.5%) $225,539 (28.1%) 0.00 103
    2019-10-01 $187,677 (24.1%) $225,772 (18.2%) 0.00 102
    2019-11-01 $169,500 (4.4%) $214,695 (8.9%) 0.00 87
    2019-12-01 $192,975 (17.0%) $216,590 (10.0%) 0.00 85
    2020-01-01 $199,000 (20.6%) $222,116 (5.8%) 0.00 79
    2020-02-01 $199,900 (21.2%) $218,607 (3.3%) 0.00 82
    2020-03-01 $205,225 (22.6%) $236,208 (10.4%) 0.00 84
    2020-04-01 $213,250 (27.5%) $241,222 (14.3%) 0.00 83
    2020-05-01 $216,950 (28.6%) $242,613 (11.9%) 0.00 86
    2020-06-01 $214,250 (29.3%) $249,874 (18.8%) 0.00 70
    2020-07-01 $215,000 (32.4%) $248,766 (14.1%) 0.00 66
    2020-08-01 $195,000 (16.2%) $230,693 (3.8%) 0.00 71
    2020-09-01 $182,950 (1.8%) $218,338 (-3.2%) 0.00 66
    2020-10-01 $179,900 (-4.1%) $211,116 (-6.5%) 0.00 58
    2020-11-01 $169,900 (0.2%) $206,968 (-3.6%) 0.00 57
    2020-12-01 $167,450 (-13.2%) $207,439 (-4.2%) 0.00 46
    2021-01-01 $165,000 (-17.1%) $201,563 (-9.3%) 0.00 41
    2021-02-01 $145,875 (-27.0%) $189,999 (-13.1%) 0.00 43
    2021-03-01 $160,000 (-22.0%) $202,658 (-14.2%) 0.00 22
    2021-04-01 $168,500 (-21.0%) $224,996 (-6.7%) 0.00 21
    2021-05-01 $210,000 (-3.2%) $257,453 (6.1%) 0.00 20
    2021-06-01 $224,900 (5.0%) $258,174 (3.3%) 0.00 25
    2021-07-01 $232,450 (8.1%) $255,617 (2.8%) 0.00 25
    2021-08-01 $227,000 (16.4%) $247,355 (7.2%) 0.00 25
    2021-09-01 $211,250 (15.5%) $213,523 (-2.2%) 0.00 32
    2021-10-01 $182,000 (1.2%) $204,031 (-3.4%) 0.00 26
    2021-11-01 $194,075 (14.2%) $224,535 (8.5%) 0.00 25
    2021-12-01 $192,725 (15.1%) $248,333 (19.7%) 0.00 27
    2022-01-01 $219,000 (32.7%) $267,384 (32.7%) 0.00 31
    2022-02-01 $223,500 (53.2%) $281,019 (47.9%) 0.00 26
    2022-03-01 $235,500 (47.2%) $306,023 (51.0%) 0.00 25
    2022-04-01 $222,500 (32.1%) $282,287 (25.5%) 0.00 27
    2022-05-01 $218,500 (4.1%) $282,746 (9.8%) 0.00 24
    2022-06-01 $209,375 (-6.9%) $285,364 (10.5%) 0.00 26
    2022-07-01 $289,000 (24.3%) $322,938 (26.3%) 0.00 30
    2022-08-01 $283,250 (24.8%) $338,468 (36.8%) 0.00 40
    2022-09-01 $275,000 (30.2%) $320,705 (50.2%) 0.00 43
    2022-10-01 $258,000 (41.8%) $343,738 (68.5%) 0.00 48
    2022-11-01 $269,950 (39.1%) $338,060 (50.6%) 0.00 57
    2022-12-01 $269,950 (40.1%) $321,718 (29.6%) 0.00 50
    2023-01-01 $269,925 (23.3%) $327,643 (22.5%) 0.00 49
    2023-02-01 $271,250 (21.4%) $315,003 (12.1%) 0.00 39
    2023-03-01 $288,375 (22.5%) $353,832 (15.6%) 0.00 41
    2023-04-01 $296,000 (33.0%) $359,116 (27.2%) 0.00 47
    2023-05-01 $294,750 (34.9%) $362,737 (28.3%) 0.00 45
    2023-06-01 $278,600 (33.1%) $372,733 (30.6%) 0.00 49
    2023-07-01 $281,200 (-2.7%) $371,107 (14.9%) 0.00 50
    2023-08-01 $245,700 (-13.3%) $353,118 (4.3%) 0.00 57
    2023-09-01 $238,500 (-13.3%) $358,262 (11.7%) 0.00 57
    2023-10-01 $238,500 (-7.6%) $341,973 (-0.5%) 0.00 57
    2023-11-01 $268,750 (-0.4%) $313,132 (-7.4%) 0.00 50
    2023-12-01 $294,000 (8.9%) $320,408 (-0.4%) 0.00 64
    2024-01-01 $283,625 (5.1%) $320,267 (-2.3%) 0.00 69
    2024-02-01 $282,600 (4.2%) $327,138 (3.9%) 0.00 63
    2024-03-01 $284,250 (-1.4%) $318,179 (-10.1%) 0.00 75
    2024-04-01 $292,125 (-1.3%) $348,386 (-3.0%) 0.00 71
    2024-05-01 $287,500 (-2.5%) $343,810 (-5.2%) 0.00 69
    2024-06-01 $299,000 (7.3%) $375,032 (0.6%) 0.00 71
    2024-07-01 $302,175 (7.5%) $396,393 (6.8%) 0.00 73
    2024-08-01 $314,900 (28.2%) $388,285 (10.0%) 0.00 65
    2024-09-01 $317,125 (33.0%) $407,761 (13.8%) 0.00 67
    2024-10-01 $314,900 (32.0%) $392,631 (14.8%) 0.00 69
    2024-11-01 $294,200 (9.5%) $352,017 (12.4%) 0.00 72
    2024-12-01 $279,900 (-4.8%) $323,164 (0.9%) 0.00 79
    2025-01-01 $279,900 (-1.3%) $319,115 (-0.4%) 0.00 80
    2025-02-01 $286,175 (1.3%) $349,213 (6.8%) 0.00 76
    2025-03-01 $279,900 (-1.5%) $341,473 (7.3%) 0.00 75
    Lexington's median listing price for 2025-03-01 was $279,900, a difference of $-4,350 (-1.5%) versus the prior year and $-6,275 versus the prior month.

    Lexington's median listing price comes in at 0% of the national average.

    Lexington's average listing price for 2025-03-01 was $341,473, a difference of $23,294 (7.3%) versus the prior year and $-7,740 versus the prior month.

    For the 2025-03-01 period, Lexington had 75 MLS listings, a difference of -1 listings (-1%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lexington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,547 sqft
    2018-02-01 0 days 1,614 sqft
    2018-03-01 0 days 1,824 sqft
    2018-04-01 0 days 2,002 sqft
    2018-05-01 0 days 1,862 sqft
    2018-06-01 0 days 1,830 sqft
    2018-07-01 0 days 1,863 sqft
    2018-08-01 0 days 1,749 sqft
    2018-09-01 0 days 1,751 sqft
    2018-10-01 0 days 1,830 sqft
    2018-11-01 0 days 1,850 sqft
    2018-12-01 0 days 1,872 sqft
    2019-01-01 0 days 1,920 sqft
    2019-02-01 0 days 1,920 sqft
    2019-03-01 0 days 1,912 sqft
    2019-04-01 0 days 1,919 sqft
    2019-05-01 0 days 1,910 sqft
    2019-06-01 0 days 1,846 sqft
    2019-07-01 0 days 1,812 sqft
    2019-08-01 0 days 1,872 sqft
    2019-09-01 0 days 1,842 sqft
    2019-10-01 0 days 1,833 sqft
    2019-11-01 0 days 1,866 sqft
    2019-12-01 0 days 1,844 sqft
    2020-01-01 0 days 1,856 sqft
    2020-02-01 0 days 1,770 sqft
    2020-03-01 0 days 1,800 sqft
    2020-04-01 0 days 1,790 sqft
    2020-05-01 0 days 1,866 sqft
    2020-06-01 0 days 1,999 sqft
    2020-07-01 0 days 2,075 sqft
    2020-08-01 0 days 2,097 sqft
    2020-09-01 0 days 2,078 sqft
    2020-10-01 0 days 1,798 sqft
    2020-11-01 0 days 1,845 sqft
    2020-12-01 0 days 1,943 sqft
    2021-01-01 0 days 1,995 sqft
    2021-02-01 0 days 1,782 sqft
    2021-03-01 0 days 1,682 sqft
    2021-04-01 0 days 2,208 sqft
    2021-05-01 0 days 2,480 sqft
    2021-06-01 0 days 2,260 sqft
    2021-07-01 0 days 2,288 sqft
    2021-08-01 0 days 2,289 sqft
    2021-09-01 0 days 1,983 sqft
    2021-10-01 0 days 1,934 sqft
    2021-11-01 0 days 1,994 sqft
    2021-12-01 0 days 2,007 sqft
    2022-01-01 0 days 2,098 sqft
    2022-02-01 0 days 2,006 sqft
    2022-03-01 0 days 1,992 sqft
    2022-04-01 0 days 2,002 sqft
    2022-05-01 0 days 1,750 sqft
    2022-06-01 0 days 2,249 sqft
    2022-07-01 0 days 2,458 sqft
    2022-08-01 0 days 2,095 sqft
    2022-09-01 0 days 2,039 sqft
    2022-10-01 0 days 2,044 sqft
    2022-11-01 0 days 1,687 sqft
    2022-12-01 0 days 1,687 sqft
    2023-01-01 0 days 1,687 sqft
    2023-02-01 0 days 1,719 sqft
    2023-03-01 0 days 1,991 sqft
    2023-04-01 0 days 2,198 sqft
    2023-05-01 0 days 2,203 sqft
    2023-06-01 0 days 2,174 sqft
    2023-07-01 0 days 2,058 sqft
    2023-08-01 0 days 1,752 sqft
    2023-09-01 0 days 1,687 sqft
    2023-10-01 0 days 1,809 sqft
    2023-11-01 0 days 1,857 sqft
    2023-12-01 0 days 1,718 sqft
    2024-01-01 0 days 1,731 sqft
    2024-02-01 0 days 1,731 sqft
    2024-03-01 0 days 1,727 sqft
    2024-04-01 0 days 1,870 sqft
    2024-05-01 0 days 1,920 sqft
    2024-06-01 0 days 1,922 sqft
    2024-07-01 0 days 1,975 sqft
    2024-08-01 0 days 2,279 sqft
    2024-09-01 0 days 2,255 sqft
    2024-10-01 0 days 2,035 sqft
    2024-11-01 0 days 2,029 sqft
    2024-12-01 0 days 1,883 sqft
    2025-01-01 0 days 1,870 sqft
    2025-02-01 0 days 1,839 sqft
    2025-03-01 0 days 1,658 sqft
    Lexington's median listing age (time on market) for 2025-03-01 was 0 days.

    Lexington's median square footage for active listings during the 2025-03-01 period was 1,658 sqft. One year prior, the average listing was 1,727 sqft.

    Lexington, NE Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 278 $48,670,000 $175,072
    Cash Out Refi 42 $6,860,000 $163,333
    Home Improvement 36 $1,830,000 $50,833
    Refi 32 $6,930,000 $216,563
    Other 16 $1,000,000 $62,500

    Lexington's most frequently cited loan purpose was Home Purchase, with 278 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 168 $32,230,000 $191,845
    7-8% 106 $16,620,000 $156,792
    Over 8% 44 $4,420,000 $100,455
    5-6% 38 $7,140,000 $187,895
    <2.5% 23 $205,000 $8,913
    3-4% 8 $180,000 $22,500
    4-5% 1 $115,000 $115,000

    During 2024, Lexington's most frequently originated rate bucket was 6-7%, with 168 originations.

    Loan Sizing (Lexington, NE MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 160 $23,840,000 $149,000
    $100,000 or less 126 $5,770,000 $45,794
    $200k-400k 100 $25,520,000 $255,200
    $400k-600k 12 $5,650,000 $470,833
    $600k-1000k 5 $3,405,000 $681,000
    $Over $1MM 1 $1,105,000 $1,105,000

    Lexington's loan sizing saw the bucket of loans from $100k-200k with 160 originations, totaling $23,840,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 180 $33,970,000 $188,722
    60-80% 75 $14,655,000 $195,400
    Under 20% 44 $1,290,000 $29,318
    20-40% 43 $3,405,000 $79,186
    40-60% 30 $6,070,000 $202,333
    Over 100% 4 $920,000 $230,000

    Lexington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 180 originations, totaling $33,970,000 in origination value.