Norfolk Mortgage Rates & Closing Costs

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  • Trends
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Norfolk averaged 6.34% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.52% and one month ago for the week of 2023-02-16, the average rate was 6.24%.

    Norfolk's average rate one year ago was 4.16%.

    For refis of the same type during the week of 2023-03-23, the average rate was 7.04%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Norfolk 30 Year Fixed Rate 2023-03-23 6.34%
    Norfolk 30 Year Fixed Rate Refi 2023-03-23 7.04%
    Norfolk 15 Year Fixed Rate 2023-03-23 5.83%
    Norfolk 15 Year Fixed Rate Refi 2023-03-23 5.87%
    Norfolk 30 Year FHA 2023-03-23 6.37%
    Norfolk 30 Year FHA Refi 2023-03-23 6.21%
    Norfolk 30 Year USDA 2023-03-23 5.88%
    Norfolk 30 Year USDA Refi 2023-03-23 6.06%
    Norfolk 30 Year VA 2023-03-23 6.32%
    Norfolk 30 Year VA Refi 2023-03-23 5.73%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Norfolk, NE.

    Norfolk 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 Norfolk, 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
    West Gate Bank 83 4.84% $2,926
    Frontier Bank 27 5.14% $2,833
    Wells Fargo Bank 26 5.17% $2,955
    QUICKEN LOANS, LLC 24 5.38% $5,330
    U.S. Bank 22 5.29% $2,849
    First National Bank of Omaha 13 5.05% $2,867
    GUARANTEED RATE, INC. 13 4.60% $4,455
    CHARTER WEST BANK 6 5.85% $3,206
    Bank of the West 4 4.88% $3,189
    UNITED WHOLESALE MORTGAGE, LLC 3 5.87% $7,015
    Pinnacle Bank 3 4.54% $2,419
    Central National Bank 3 3.92% $1,573
    Regent Financial Group, Inc. 3 4.67% $4,669
    OPEN MORTGAGE, LLC 2 5.13% $4,317
    JPMorgan Chase Bank 2 4.94% $3,467
    North American Savings Bank, F.S.B. 2 5.19% $3,360
    Farm Credit Mid-America, ACA 2 5.15% $8,155
    First Nebraska Bank 2 5.50% $1,916
    First Bank 1 4.50% $4,156
    First Dakota National Bank 1 5.13% $2,354
    FOUR POINTS 1 3.75% $2,224
    FREEDOM MORTGAGE CORPORATION 1 3.88% $5,123
    Access Bank 1 5.25% $4,724
    MEGASTAR FINANCIAL CORP. 1 4.50% $4,182
    MORIA DEVELOPMENT, INC. 1 6.13% $3,190
    Mortgage Research Center, LLC 1 5.63% $3,677
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.50% $12,975
    NAVY FEDERAL CREDIT UNION 1 3.00% $2,277
    NBKC BANK 1 5.38% $2,344
    PENNYMAC LOAN SERVICES, LLC 1 5.37% $5,542
    Plains Commerce Bank 1 3.38% $3,229
    Quontic Bank 1 6.75% $12,477
    VERIDIAN CREDIT UNION 1 3.88% $1,845
    LOANDEPOT.COM, LLC 1 3.99% $9,965
    Ally Bank 1 3.00% $3,088
    AMCAP MORTGAGE, LTD. 1 7.13% $11,658
    AMERICAN INTERNET MORTGAGE, INC. 1 5.50% $4,180
    Arbor Bank 1 4.38% $2,026
    Arvest Bank 1 7.25% $7,657
    Austin Capital Bank SSB 1 6.13% $8,054
    Bell Bank 1 4.88% $2,847
    BETTER MORTGAGE CORPORATION 1 2.75% $5,362
    BMO Harris Bank 1 5.38% $2,954
    CENTENNIAL LENDING, LLC 1 6.75% $3,056
    Central Bank 1 5.50% $4,728
    CHURCHILL MORTGAGE CORPORATION 1 4.50% $3,195
    Citizens Bank 1 7.13% $2,452
    Commerce Bank 1 5.50% $4,188
    Core Bank 1 3.50% $2,735
    Dundee Bank 1 4.00% $2,615
    Equitable Bank 1 3.95% $2,732

    Norfolk Average Closing Costs & Other Stats

    Norfolk, NE's 51 lenders originated 686 loans during 2022. The total origination value was $131,710,000, with an average loan value of $191,997.

    Norfolk's average closing costs are $3,508.

    The top Norfolk lender as defined by loan originations is West Gate Bank, with 83 loans originated. Their average total fees are $2,926, which is $94 higher than the next largest lender, Frontier Bank.

    The lowest fee Norfolk lenders (with over 10 loans originated) are Frontier Bank ($2,833), U.S. Bank ($2,849), First National Bank of Omaha ($2,867), West Gate Bank ($2,926) and Wells Fargo Bank ($2,955).

    The lowest rate Norfolk lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (4.60%), West Gate Bank (4.84%), First National Bank of Omaha (5.05%), Frontier Bank (5.14%) and Wells Fargo Bank (5.17%).

    Norfolk, 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
    West Gate Bank $59,405,000 $23,370,000 -60.7% 17.7%
    Pinnacle Bank $3,065,000 $11,710,000 282.1% 8.9%
    Frontier Bank $13,940,000 $10,190,000 -26.9% 7.7%
    BankFirst $16,295,000 $9,870,000 -39.4% 7.5%
    U.S. Bank $16,720,000 $9,775,000 -41.5% 7.4%
    QUICKEN LOANS, LLC $15,970,000 $9,115,000 -42.9% 6.9%
    First National Bank of Omaha $8,550,000 $7,435,000 -13.0% 5.6%
    Wells Fargo Bank $17,440,000 $6,225,000 -64.3% 4.7%
    GUARANTEED RATE, INC. $6,905,000 $6,185,000 -10.4% 4.7%
    CHARTER WEST BANK $6,780,000 $3,315,000 -51.1% 2.5%
    PNC Bank $3,290,000 n/a 2.5%
    Mortgage Research Center, LLC $3,050,000 $2,140,000 -29.8% 1.6%
    Farm Credit Mid-America, ACA $1,030,000 $1,660,000 61.2% 1.3%
    First Nebraska Bank $2,415,000 $1,335,000 -44.7% 1.0%
    Bank of the West $965,000 $1,315,000 36.3% 1.0%
    FREEDOM MORTGAGE CORPORATION $2,305,000 $1,280,000 -44.5% 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $905,000 $935,000 3.3% 0.7%
    Plains Commerce Bank $2,055,000 $845,000 -58.9% 0.6%
    LOANDEPOT.COM, LLC $1,260,000 $795,000 -36.9% 0.6%
    Central National Bank $1,730,000 $775,000 -55.2% 0.6%
    Regent Financial Group, Inc. $675,000 $735,000 8.9% 0.6%
    Union Bank and Trust Company $705,000 n/a 0.5%
    North American Savings Bank, F.S.B. $345,000 $670,000 94.2% 0.5%
    USAA Federal Savings Bank $1,780,000 $630,000 -64.6% 0.5%
    NAVY FEDERAL CREDIT UNION $1,445,000 $610,000 -57.8% 0.5%
    AMCAP MORTGAGE, LTD. $460,000 $605,000 31.5% 0.5%
    AMERICAN FINANCING CORPORATION $585,000 $585,000 0.0% 0.4%
    Equitable Bank $205,000 $565,000 175.6% 0.4%
    OPEN MORTGAGE, LLC $280,000 $565,000 101.8% 0.4%
    Quontic Bank $555,000 n/a 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $790,000 $550,000 -30.4% 0.4%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $175,000 $455,000 160.0% 0.3%
    PENNYMAC LOAN SERVICES, LLC $1,245,000 $455,000 -63.5% 0.3%
    Lincoln FSB of Nebraska $500,000 $430,000 -14.0% 0.3%
    Access Bank $315,000 $425,000 34.9% 0.3%
    AMERISAVE MORTGAGE CORPORATION $1,620,000 $415,000 -74.4% 0.3%
    First Bank $155,000 $385,000 148.4% 0.3%
    Ally Bank $380,000 n/a 0.3%
    NEWREZ LLC $610,000 $380,000 -37.7% 0.3%
    CALIBER HOME LOANS, INC. $385,000 $370,000 -3.9% 0.3%
    CENTENNIAL LENDING, LLC $325,000 $360,000 10.8% 0.3%
    AMERICAN INTERNET MORTGAGE, INC. $315,000 n/a 0.2%
    Armed Forces Bank $315,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $970,000 $315,000 -67.5% 0.2%
    JPMorgan Chase Bank $240,000 $300,000 25.0% 0.2%
    Cornerstone Bank $290,000 n/a 0.2%
    FOUR POINTS $770,000 $280,000 -63.6% 0.2%
    GUARANTEED RATE AFFINITY, LLC $265,000 n/a 0.2%
    Flagstar Bank, FSB $845,000 $255,000 -69.8% 0.2%
    Bell Bank $95,000 $245,000 157.9% 0.2%
    Central Bank $185,000 $245,000 32.4% 0.2%
    Citizens Bank $245,000 n/a 0.2%
    GERSHMAN INVESTMENT CORP. $335,000 $245,000 -26.9% 0.2%
    BETTER MORTGAGE CORPORATION $475,000 $240,000 -49.5% 0.2%
    NBKC BANK $235,000 n/a 0.2%
    Austin Capital Bank SSB $215,000 n/a 0.2%
    Dundee Bank $210,000 n/a 0.2%
    Arvest Bank $205,000 n/a 0.2%
    BANKWEST, INC. $205,000 n/a 0.2%
    EVERETT FINANCIAL, INC. $205,000 n/a 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $195,000 $200,000 2.6% 0.2%
    Figure Lending LLC $200,000 n/a 0.2%
    CENTRIS FEDERAL CREDIT UNION $195,000 n/a 0.1%
    HIGHMARK $185,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $185,000 n/a 0.1%
    Washington County Bank $185,000 n/a 0.1%
    Chickasaw Community Bank $175,000 n/a 0.1%
    HOME POINT FINANCIAL CORPORATION $1,230,000 $175,000 -85.8% 0.1%
    First State Bank Nebraska $165,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $810,000 $165,000 -79.6% 0.1%
    The Federal Savings Bank $285,000 $165,000 -42.1% 0.1%
    Arbor Bank $720,000 $155,000 -78.5% 0.1%
    BMO Harris Bank $155,000 n/a 0.1%
    MORIA DEVELOPMENT, INC. $3,260,000 $155,000 -95.2% 0.1%
    Core Bank $145,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $350,000 $145,000 -58.6% 0.1%
    CMG MORTGAGE, INC. $125,000 $135,000 8.0% 0.1%
    Commerce Bank $135,000 n/a 0.1%
    CORNHUSKER BANK $135,000 n/a 0.1%
    VERIDIAN CREDIT UNION $280,000 $135,000 -51.8% 0.1%
    LIBERTY FIRST $435,000 $130,000 -70.1% 0.1%
    ZILLOW HOME LOANS, LLC $105,000 $125,000 19.0% 0.1%
    FLAT BRANCH MORTGAGE, INC. $120,000 n/a 0.1%
    BROKER SOLUTIONS, INC. $450,000 $115,000 -74.4% 0.1%
    Carrington Mortgage Services, LLC $95,000 $115,000 21.1% 0.1%
    CHURCHILL MORTGAGE CORPORATION $340,000 $115,000 -66.2% 0.1%
    MEGASTAR FINANCIAL CORP. $115,000 n/a 0.1%
    First Dakota National Bank $1,170,000 $105,000 -91.0% 0.1%
    CASTLE & COOKE MORTGAGE, LLC $125,000 $75,000 -40.0% 0.1%
    AMERICAN ADVISORS GROUP $70,000 n/a 0.1%
    First Interstate Bank $60,000 n/a 0.0%
    First PREMIER Bank $55,000 n/a 0.0%

    Norfolk's top lender by overall market share is West Gate Bank, with 17.7% market share. In second place, with 8.9%, is Pinnacle Bank, having originated $11,710,000 in loans. In third place, with 7.7%, is Frontier Bank, having originated $10,190,000 in loans. In fourth place, with 7.5%, is BankFirst, having originated $9,870,000 in loans. In fifth place, with 7.4%, is U.S. Bank, having originated $9,775,000 in loans.

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

    Realtor.com - Norfolk (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 $187,175 (1.4%) $210,332 (-1.9%) 0.00 92
    2018-02-01 $184,550 (1.4%) $217,632 (2.5%) 0.00 89
    2018-03-01 $179,925 (-4.2%) $213,386 (-4.3%) 0.00 89
    2018-04-01 $188,950 (-5.5%) $217,428 (-9.1%) 0.00 88
    2018-05-01 $192,681 (7.1%) $227,060 (5.2%) 0.00 107
    2018-06-01 $199,500 (9.0%) $241,120 (4.1%) 0.00 123
    2018-07-01 $191,438 (6.4%) $236,766 (4.7%) 0.00 120
    2018-08-01 $187,463 (5.1%) $225,985 (1.1%) 0.00 129
    2018-09-01 $187,225 (7.2%) $237,500 (16.2%) 0.00 140
    2018-10-01 $179,788 (7.7%) $229,459 (11.0%) 0.00 160
    2018-11-01 $179,250 (-3.2%) $228,353 (9.5%) 0.00 156
    2018-12-01 $174,950 (-9.6%) $224,615 (7.4%) 0.00 136
    2019-01-01 $173,625 (-7.2%) $220,496 (4.8%) 0.00 134
    2019-02-01 $182,400 (-1.2%) $230,651 (6.0%) 0.00 120
    2019-03-01 $190,318 (5.8%) $237,064 (11.1%) 0.00 118
    2019-04-01 $186,668 (-1.2%) $235,226 (8.2%) 0.00 117
    2019-05-01 $183,950 (-4.5%) $232,603 (2.4%) 0.00 117
    2019-06-01 $194,500 (-2.5%) $236,068 (-2.1%) 0.00 126
    2019-07-01 $199,900 (4.4%) $235,111 (-0.7%) 0.00 130
    2019-08-01 $200,509 (7.0%) $238,518 (5.6%) 0.00 139
    2019-09-01 $201,348 (7.5%) $241,083 (1.5%) 0.00 146
    2019-10-01 $195,857 (8.9%) $236,677 (3.2%) 0.00 158
    2019-11-01 $189,000 (5.4%) $225,446 (-1.3%) 0.00 160
    2019-12-01 $195,375 (11.7%) $219,990 (-2.1%) 0.00 147
    2020-01-01 $204,963 (18.1%) $223,976 (1.6%) 0.00 130
    2020-02-01 $219,900 (20.6%) $236,336 (2.5%) 0.00 118
    2020-03-01 $219,100 (15.1%) $239,582 (1.1%) 0.00 124
    2020-04-01 $210,500 (12.8%) $232,930 (-1.0%) 0.00 116
    2020-05-01 $194,350 (5.7%) $230,500 (-0.9%) 0.00 100
    2020-06-01 $210,000 (8.0%) $236,857 (0.3%) 0.00 92
    2020-07-01 $207,925 (4.0%) $236,111 (0.4%) 0.00 98
    2020-08-01 $192,700 (-3.9%) $233,619 (-2.1%) 0.00 99
    2020-09-01 $222,400 (10.5%) $244,275 (1.3%) 0.00 107
    2020-10-01 $225,000 (14.9%) $250,090 (5.7%) 0.00 102
    2020-11-01 $224,950 (19.0%) $249,009 (10.5%) 0.00 88
    2020-12-01 $219,900 (12.6%) $242,561 (10.3%) 0.00 82
    2021-01-01 $219,900 (7.3%) $241,491 (7.8%) 0.00 74
    2021-02-01 $216,200 (-1.7%) $247,091 (4.6%) 0.00 61
    2021-03-01 $227,425 (3.8%) $262,722 (9.7%) 0.00 51
    2021-04-01 $206,673 (-1.8%) $239,446 (2.8%) 0.00 51
    2021-05-01 $189,999 (-2.2%) $219,447 (-4.8%) 0.00 48
    2021-06-01 $207,450 (-1.2%) $261,097 (10.2%) 0.00 50
    2021-07-01 $199,925 (-3.9%) $269,774 (14.3%) 0.00 54
    2021-08-01 $210,700 (9.3%) $264,559 (13.2%) 0.00 68
    2021-09-01 $217,500 (-2.2%) $266,873 (9.3%) 0.00 76
    2021-10-01 $259,250 (15.2%) $303,580 (21.4%) 0.00 72
    2021-11-01 $242,338 (7.7%) $283,683 (13.9%) 0.00 71
    2021-12-01 $247,600 (12.6%) $294,188 (21.3%) 0.00 60
    2022-01-01 $230,000 (4.6%) $269,329 (11.5%) 0.00 51
    2022-02-01 $264,250 (22.2%) $274,909 (11.3%) 0.00 47
    2022-03-01 $231,225 (1.7%) $273,764 (4.2%) 0.00 54
    2022-04-01 $270,000 (30.6%) $294,141 (22.8%) 0.00 50
    2022-05-01 $254,000 (33.7%) $292,666 (33.4%) 0.00 49
    2022-06-01 $236,975 (14.2%) $272,467 (4.4%) 0.00 57
    2022-07-01 $248,600 (24.4%) $302,567 (12.2%) 0.00 67
    2022-08-01 $268,750 (27.6%) $318,839 (20.5%) 0.00 77
    2022-09-01 $267,325 (22.9%) $316,684 (18.7%) 0.00 83
    2022-10-01 $258,500 (-0.3%) $314,588 (3.6%) 0.00 92
    2022-11-01 $233,625 (-3.6%) $307,961 (8.6%) 0.00 89
    2022-12-01 $239,250 (-3.4%) $332,984 (13.2%) 0.00 77
    2023-01-01 $244,350 (6.2%) $338,970 (25.9%) 0.00 65
    2023-02-01 $249,750 (-5.5%) $347,884 (26.6%) 0.00 71
    Norfolk's median listing price for 2023-02-01 was $249,750, a difference of $-14,500 (-5.5%) versus the prior year and $5,400 versus the prior month.

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

    Norfolk's average listing price for 2023-02-01 was $347,884, a difference of $72,975 (26.6%) versus the prior year and $8,914 versus the prior month.

    For the 2023-02-01 period, Norfolk had 71 MLS listings, a difference of 6 listings (9%) versus the prior month and 24 listings (51%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Norfolk (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,213 sqft
    2018-02-01 0 days 2,127 sqft
    2018-03-01 0 days 1,981 sqft
    2018-04-01 0 days 1,978 sqft
    2018-05-01 0 days 2,205 sqft
    2018-06-01 0 days 2,294 sqft
    2018-07-01 0 days 2,326 sqft
    2018-08-01 0 days 2,251 sqft
    2018-09-01 0 days 2,203 sqft
    2018-10-01 0 days 2,133 sqft
    2018-11-01 0 days 2,129 sqft
    2018-12-01 0 days 2,119 sqft
    2019-01-01 0 days 2,089 sqft
    2019-02-01 0 days 2,078 sqft
    2019-03-01 0 days 2,208 sqft
    2019-04-01 0 days 2,202 sqft
    2019-05-01 0 days 2,132 sqft
    2019-06-01 0 days 2,146 sqft
    2019-07-01 0 days 2,157 sqft
    2019-08-01 0 days 2,216 sqft
    2019-09-01 0 days 2,268 sqft
    2019-10-01 0 days 2,274 sqft
    2019-11-01 0 days 2,273 sqft
    2019-12-01 0 days 2,256 sqft
    2020-01-01 0 days 2,264 sqft
    2020-02-01 0 days 2,195 sqft
    2020-03-01 0 days 2,092 sqft
    2020-04-01 0 days 1,950 sqft
    2020-05-01 0 days 1,879 sqft
    2020-06-01 0 days 1,816 sqft
    2020-07-01 0 days 1,845 sqft
    2020-08-01 0 days 1,986 sqft
    2020-09-01 0 days 2,143 sqft
    2020-10-01 0 days 1,927 sqft
    2020-11-01 0 days 1,902 sqft
    2020-12-01 0 days 1,866 sqft
    2021-01-01 0 days 1,723 sqft
    2021-02-01 0 days 1,633 sqft
    2021-03-01 0 days 1,720 sqft
    2021-04-01 0 days 1,706 sqft
    2021-05-01 0 days 1,596 sqft
    2021-06-01 0 days 1,683 sqft
    2021-07-01 0 days 1,832 sqft
    2021-08-01 0 days 1,810 sqft
    2021-09-01 0 days 1,961 sqft
    2021-10-01 0 days 2,172 sqft
    2021-11-01 0 days 1,939 sqft
    2021-12-01 0 days 2,111 sqft
    2022-01-01 0 days 2,130 sqft
    2022-02-01 0 days 2,105 sqft
    2022-03-01 0 days 2,008 sqft
    2022-04-01 0 days 2,305 sqft
    2022-05-01 0 days 1,980 sqft
    2022-06-01 0 days 1,849 sqft
    2022-07-01 0 days 1,997 sqft
    2022-08-01 0 days 2,158 sqft
    2022-09-01 0 days 2,076 sqft
    2022-10-01 0 days 2,112 sqft
    2022-11-01 0 days 2,103 sqft
    2022-12-01 0 days 2,205 sqft
    2023-01-01 0 days 2,147 sqft
    2023-02-01 0 days 2,013 sqft
    Norfolk's median listing age (time on market) for 2023-02-01 was 0 days.

    Norfolk's median square footage for active listings during the 2023-02-01 period was 2,013 sqft. One year prior, the average listing was 2,105 sqft.

    Norfolk, NE Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 433 $94,105,000 $217,333
    Cash Out Refi 116 $16,980,000 $146,379
    Refi 86 $16,680,000 $193,953
    Home Improvement 27 $1,435,000 $53,148
    Other 24 $2,510,000 $104,583

    Norfolk's most frequently cited loan purpose was Home Purchase, with 433 originations. The 2nd most popular reason was Cash Out Refi, with 116 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 163 $32,415,000 $198,865
    4-5% 154 $26,270,000 $170,584
    3-4% 148 $37,700,000 $254,730
    6-7% 85 $14,635,000 $172,176
    2.5-3% 30 $4,600,000 $153,333
    7-8% 22 $4,650,000 $211,364
    <2.5% 18 $820,000 $45,556
    Over 8% 5 $215,000 $43,000

    During 2022, Norfolk's most frequently originated rate bucket was 5-6%, with 163 originations.

    Loan Sizing (Norfolk, NE MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 308 $45,930,000 $149,123
    $200k-400k 179 $47,825,000 $267,179
    $100,000 or less 166 $9,830,000 $59,217
    $400k-600k 25 $11,705,000 $468,200
    $600k-1000k 5 $3,665,000 $733,000
    $Over $1MM 3 $12,755,000 $4,251,667

    Norfolk's loan sizing saw the bucket of loans from $100k-200k with 308 originations, totaling $45,930,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 288 $58,340,000 $202,569
    60-80% 156 $33,500,000 $214,744
    40-60% 76 $11,270,000 $148,289
    20-40% 54 $13,920,000 $257,778
    Under 20% 41 $2,265,000 $55,244
    Over 100% 5 $1,335,000 $267,000

    Norfolk's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 288 originations, totaling $58,340,000 in origination value.