Lexington 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 Lexington averaged 6.94% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 6.88% and one month ago for the week of 2024-03-07, the average rate was 7.24%.

    Lexington's average rate one year ago was 6.64%.

    For refis of the same type during the week of 2024-04-11, the average rate was 6.78%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Lexington 30 Year Fixed Rate 2024-04-11 6.94%
    Lexington 30 Year Fixed Rate Refi 2024-04-11 6.78%
    Lexington 15 Year Fixed Rate 2024-04-11 5.96%
    Lexington 15 Year Fixed Rate Refi 2024-04-11 6.66%
    Lexington 30 Year FHA 2024-04-11 6.94%
    Lexington 30 Year FHA Refi 2024-04-11 6.64%
    Lexington 30 Year USDA 2024-04-11 6.51%
    Lexington 30 Year USDA Refi 2024-04-11 6.61%
    Lexington 30 Year VA 2024-04-11 6.67%
    Lexington 30 Year VA Refi 2024-04-11 6.37%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Pinnacle Bank 11 6.93% $2,572
    First National Bank of Omaha 10 6.91% $3,097
    CHARTER WEST BANK 10 7.08% $4,582
    QUICKEN LOANS, LLC 8 6.54% $6,735
    Home Federal Savings & Loan Association of Grand Island 6 7.02% $2,526
    First State Bank 5 6.28% $2,523
    West Gate Bank 4 7.19% $2,358
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 7.83% $3,817
    U.S. Bank 3 6.96% $3,026
    First Interstate Bank 2 7.06% $3,935
    Farm Credit Mid-America, ACA 2 7.13% $4,346
    Wells Fargo Bank 2 6.44% $5,776
    Independent Bank 1 6.88% $5,440
    Mortgage Research Center, LLC 1 6.25% $839
    Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $4,417
    NAVY FEDERAL CREDIT UNION 1 8.50% $1,701
    NBKC BANK 1 7.38% $1,778
    Regent Financial Group, Inc. 1 6.63% $3,210
    Security First Bank 1 8.00% $2,555
    Union Bank and Trust Company 1 7.75% $2,595
    UNITED WHOLESALE MORTGAGE, LLC 1 7.36% $1,946
    Flagstar Bank, FSB 1 7.50% $4,641
    AMERISAVE MORTGAGE CORPORATION 1 6.88% $5,506
    BROKER SOLUTIONS, INC. 1 7.13% $5,288
    CALIBER HOME LOANS, INC. 1 7.63% $3,015
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $6,045
    CMG MORTGAGE, INC. 1 6.50% $2,782
    CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $8,482
    Deere Employees Credit Union 1 5.63% $2,966
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.50% $5,494
    First Bank 1 5.63% $2,631
    Five Points Bank 1 6.88% $1,995
    ACADEMY MORTGAGE CORPORATION 1 7.13% $6,506

    Lexington Average Closing Costs & Other Stats

    Lexington, NE's 33 lenders originated 268 loans during 2023. The total origination value was $42,240,000, with an average loan value of $157,612.

    Lexington's average closing costs are $3,797.

    The top Lexington lender as defined by loan originations is Pinnacle Bank, with 11 loans originated. Their average total fees are $2,572, which is $525 lower than the next largest lender, First National Bank of Omaha.

    The lowest fee Lexington lenders (with over 10 loans originated) are Pinnacle Bank ($2,572), First National Bank of Omaha ($3,097), CHARTER WEST BANK ($4,582), .

    The lowest rate Lexington lenders (with over 10 loans originated) are First National Bank of Omaha (6.91%), Pinnacle Bank (6.93%), CHARTER WEST BANK (7.08%), .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Pinnacle Bank $11,495,000 $9,110,000 -20.7% 21.6%
    First National Bank of Omaha $3,225,000 $4,145,000 28.5% 9.8%
    First State Bank $5,375,000 $3,940,000 -26.7% 9.3%
    QUICKEN LOANS, LLC $6,885,000 $2,710,000 -60.6% 6.4%
    Security First Bank $3,195,000 $2,355,000 -26.3% 5.6%
    CHARTER WEST BANK $3,665,000 $1,970,000 -46.2% 4.7%
    Mortgage Research Center, LLC $1,480,000 $1,115,000 -24.7% 2.6%
    West Gate Bank $4,415,000 $1,085,000 -75.4% 2.6%
    Home Federal Savings & Loan Association of Grand Island $4,465,000 $1,060,000 -76.3% 2.5%
    U.S. Bank $970,000 $1,020,000 5.2% 2.4%
    First Interstate Bank $2,025,000 $895,000 -55.8% 2.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $275,000 $895,000 225.5% 2.1%
    FirsTier Bank $800,000 n/a 1.9%
    Equitable Bank $330,000 $785,000 137.9% 1.9%
    Plains Commerce Bank $3,480,000 $540,000 -84.5% 1.3%
    FREEDOM MORTGAGE CORPORATION $195,000 $530,000 171.8% 1.3%
    LOANDEPOT.COM, LLC $1,155,000 $500,000 -56.7% 1.2%
    CENTRIS FEDERAL CREDIT UNION $1,010,000 $475,000 -53.0% 1.1%
    Five Points Bank $1,725,000 $440,000 -74.5% 1.0%
    Farm Credit Mid-America, ACA $1,170,000 $400,000 -65.8% 0.9%
    Nebraska Bank of Commerce $285,000 $385,000 35.1% 0.9%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $490,000 $360,000 -26.5% 0.9%
    Wells Fargo Bank $1,065,000 $345,000 -67.6% 0.8%
    First Bank $330,000 n/a 0.8%
    UNITED WHOLESALE MORTGAGE, LLC $245,000 $330,000 34.7% 0.8%
    AMERISAVE MORTGAGE CORPORATION $370,000 $320,000 -13.5% 0.8%
    ACADEMY MORTGAGE CORPORATION $315,000 n/a 0.7%
    BROKER SOLUTIONS, INC. $305,000 $305,000 0.0% 0.7%
    Independent Bank $305,000 n/a 0.7%
    CHURCHILL MORTGAGE CORPORATION $295,000 n/a 0.7%
    First State Bank Nebraska $295,000 n/a 0.7%
    CALIBER HOME LOANS, INC. $265,000 n/a 0.6%
    Regent Financial Group, Inc. $105,000 $265,000 152.4% 0.6%
    Flagstar Bank, FSB $240,000 n/a 0.6%
    CMG MORTGAGE, INC. $105,000 $225,000 114.3% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $210,000 $215,000 2.4% 0.5%
    Union Bank and Trust Company $530,000 $200,000 -62.3% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $105,000 $195,000 85.7% 0.5%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $175,000 n/a 0.4%
    Wallick & Volk, Inc. $165,000 n/a 0.4%
    ZILLOW HOME LOANS, LLC $165,000 n/a 0.4%
    Barrington Bank & Trust Company, N.A. $155,000 n/a 0.4%
    Deere Employees Credit Union $155,000 n/a 0.4%
    MORIA DEVELOPMENT, INC. $360,000 $155,000 -56.9% 0.4%
    NBKC BANK $155,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $375,000 $125,000 -66.7% 0.3%
    21ST MORTGAGE CORPORATION $115,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $200,000 $110,000 -45.0% 0.3%
    Lincoln FSB of Nebraska $260,000 $105,000 -59.6% 0.2%
    NEW DAY FINANCIAL, LLC $235,000 $85,000 -63.8% 0.2%
    Figure Lending LLC $65,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $370,000 $55,000 -85.1% 0.1%
    Bethpage Federal Credit Union $45,000 n/a 0.1%
    Bank of the West $95,000 $35,000 -63.2% 0.1%

    Lexington's top lender by overall market share is Pinnacle Bank, with 21.6% market share. In second place, with 9.8%, is First National Bank of Omaha, having originated $4,145,000 in loans. In third place, with 9.3%, is First State Bank, having originated $3,940,000 in loans. In fourth place, with 6.4%, is QUICKEN LOANS, LLC, having originated $2,710,000 in loans. In fifth place, with 5.6%, is Security First Bank, having originated $2,355,000 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 $108,950 (4.6%) $150,243 (11.8%) 0.00 60
    2018-03-01 $128,500 (29.8%) $168,504 (26.7%) 0.00 61
    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 (51.4%) $211,554 (40.8%) 0.00 92
    2019-03-01 $167,386 (30.3%) $213,935 (27.0%) 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%) $207,310 (-4.3%) 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 (19.8%) 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%) $319,008 (-0.8%) 0.00 63
    2024-01-01 $270,875 (0.4%) $318,948 (-2.7%) 0.00 68
    2024-02-01 $275,450 (1.6%) $325,834 (3.4%) 0.00 62
    2024-03-01 $283,500 (-1.7%) $316,955 (-10.4%) 0.00 74
    Lexington's median listing price for 2024-03-01 was $283,500, a difference of $-4,875 (-1.7%) versus the prior year and $8,050 versus the prior month.

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

    Lexington's average listing price for 2024-03-01 was $316,955, a difference of $-36,877 (-10.4%) versus the prior year and $-8,879 versus the prior month.

    For the 2024-03-01 period, Lexington had 74 MLS listings, a difference of 12 listings (19%) versus the prior month and 33 listings (80%) 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 1,590 sqft
    2018-03-01 0 days 1,780 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 1,720 sqft
    2024-01-01 0 days 1,740 sqft
    2024-02-01 0 days 1,734 sqft
    2024-03-01 0 days 1,734 sqft
    Lexington's median listing age (time on market) for 2024-03-01 was 0 days.

    Lexington's median square footage for active listings during the 2024-03-01 period was 1,734 sqft. One year prior, the average listing was 1,991 sqft.

    Lexington, NE Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 182 $33,320,000 $183,077
    Home Improvement 30 $2,140,000 $71,333
    Refi 25 $3,155,000 $126,200
    Cash Out Refi 23 $3,295,000 $143,261
    Other 8 $330,000 $41,250

    Lexington's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Home Improvement, with 30 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 104 $19,130,000 $183,942
    7-8% 78 $12,690,000 $162,692
    Over 8% 34 $2,480,000 $72,941
    5-6% 27 $4,495,000 $166,481
    <2.5% 10 $100,000 $10,000
    3-4% 3 $335,000 $111,667
    4-5% 2 $330,000 $165,000

    During 2023, Lexington's most frequently originated rate bucket was 6-7%, with 104 originations.

    Loan Sizing (Lexington, NE MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 109 $16,185,000 $148,486
    $100,000 or less 87 $4,685,000 $53,851
    $200k-400k 67 $18,435,000 $275,149
    $600k-1000k 3 $2,045,000 $681,667
    $400k-600k 2 $890,000 $445,000

    Lexington's loan sizing saw the bucket of loans from $100k-200k with 109 originations, totaling $16,185,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 111 $20,535,000 $185,000
    60-80% 57 $9,925,000 $174,123
    20-40% 33 $2,135,000 $64,697
    Under 20% 25 $1,185,000 $47,400
    40-60% 22 $3,750,000 $170,455
    Over 100% 5 $1,865,000 $373,000

    Lexington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 111 originations, totaling $20,535,000 in origination value.