Norfolk Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Norfolk averaged
6.82%
for the week of 2025-04-10, compared to the national average of
6.62% for the same period.
The average rate for the prior week (2025-04-03) was
6.74% and
one month ago for the week of 2025-03-06, the
average rate was 6.83%.
Norfolk's average rate one year ago was 6.62%.
For refis of the same type during the week of 2025-04-10, the average rate
was 7.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-04-10 | 6.62% |
Norfolk 30 Year Fixed Rate | 2025-04-10 | 6.82% |
Norfolk 30 Year Fixed Rate Refi | 2025-04-10 | 7.22% |
Norfolk 15 Year Fixed Rate | 2025-04-10 | 5.82% |
Norfolk 15 Year Fixed Rate Refi | 2025-04-10 | 6.22% |
Norfolk 30 Year FHA | 2025-04-10 | 6.45% |
Norfolk 30 Year FHA Refi | 2025-04-10 | 6.43% |
Norfolk 30 Year USDA | 2025-04-10 | 6.65% |
Norfolk 30 Year USDA Refi | 2025-04-10 | 6.65% |
Norfolk 30 Year VA | 2025-04-10 | 6.49% |
Norfolk 30 Year VA Refi | 2025-04-10 | 6.09% |
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.).
Norfolk Average Closing Costs & Other Stats
Norfolk, NE's 28 lenders originated 618
loans during 2024. The total origination value was $121,300,000, with an average loan value of
$196,278.
Norfolk's average closing costs are $3,805.
The top Norfolk lender as defined by loan originations is West Gate Bank, with
85 loans originated. Their average total fees are
$2,800, which is $216
lower than the next largest lender,
Frontier Bank.
The lowest fee Norfolk lenders (with over 10 loans originated) are
West Gate Bank ($2,800), Frontier Bank ($3,016), U.S. Bank ($3,084), CHARTER WEST BANK ($3,170) and QUICKEN LOANS, LLC ($5,189).
The lowest rate Norfolk lenders (with over 10 loans originated) are
West Gate Bank (6.57%), GUARANTEED RATE, INC. (6.66%), U.S. Bank (6.77%), CHARTER WEST BANK (6.79%) and Frontier Bank (7.01%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
---|---|---|---|---|
West Gate Bank | $12,170,000 | $23,090,000 | 89.7% | 19.0% |
BankFirst | $16,680,000 | $11,835,000 | -29.0% | 9.8% |
GUARANTEED RATE, INC. | $9,815,000 | $11,325,000 | 15.4% | 9.3% |
CHARTER WEST BANK | $2,375,000 | $8,775,000 | 269.5% | 7.2% |
Pinnacle Bank | $2,995,000 | $7,300,000 | 143.7% | 6.0% |
QUICKEN LOANS, LLC | $5,490,000 | $7,240,000 | 31.9% | 6.0% |
First National Bank of Omaha | $5,665,000 | $6,455,000 | 13.9% | 5.3% |
U.S. Bank | $4,105,000 | $6,445,000 | 57.0% | 5.3% |
Frontier Bank | $7,765,000 | $5,655,000 | -27.2% | 4.7% |
First Nebraska Bank | $1,195,000 | $3,910,000 | 227.2% | 3.2% |
FREEDOM MORTGAGE CORPORATION | $330,000 | $2,580,000 | 681.8% | 2.1% |
Heritage Bank | $2,470,000 | n/a | 2.0% | |
UNITED WHOLESALE MORTGAGE, LLC | $2,175,000 | $2,390,000 | 9.9% | 2.0% |
Mortgage Research Center, LLC | $1,755,000 | $2,285,000 | 30.2% | 1.9% |
BMO Harris Bank | $335,000 | $1,430,000 | 326.9% | 1.2% |
Wells Fargo Bank | $1,425,000 | $1,145,000 | -19.6% | 0.9% |
Plains Commerce Bank | $905,000 | $1,140,000 | 26.0% | 0.9% |
Farm Credit Mid-America, ACA | $1,350,000 | $1,035,000 | -23.3% | 0.9% |
LOANDEPOT.COM, LLC | $955,000 | $860,000 | -9.9% | 0.7% |
USAA Federal Savings Bank | $365,000 | $600,000 | 64.4% | 0.5% |
CASTLE & COOKE MORTGAGE, LLC | $285,000 | $580,000 | 103.5% | 0.5% |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,045,000 | $580,000 | -44.5% | 0.5% |
Deere Employees Credit Union | $25,000 | $515,000 | 1,960.0% | 0.4% |
BETTER MORTGAGE CORPORATION | $505,000 | n/a | 0.4% | |
Cornerstone Bank | $150,000 | $475,000 | 216.7% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $810,000 | $470,000 | -42.0% | 0.4% |
Regent Financial Group, Inc. | $400,000 | $465,000 | 16.3% | 0.4% |
MORIA DEVELOPMENT, INC. | $425,000 | n/a | 0.4% | |
LAKEVIEW LOAN SERVICING, LLC | $410,000 | n/a | 0.3% | |
BROKER SOLUTIONS, INC. | $75,000 | $400,000 | 433.3% | 0.3% |
American National Bank | $365,000 | n/a | 0.3% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $525,000 | $365,000 | -30.5% | 0.3% |
CMG MORTGAGE, INC. | $355,000 | n/a | 0.3% | |
HOMESIDE FINANCIAL, LLC | $115,000 | $350,000 | 204.3% | 0.3% |
Cornerstone First Mortgage, Inc | $315,000 | n/a | 0.3% | |
PLANET HOME LENDING, LLC | $315,000 | n/a | 0.3% | |
CARDINAL FINANCIAL | $255,000 | n/a | 0.2% | |
IOWA BANKERS MORTGAGE CORPORATION | $255,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $165,000 | $250,000 | 51.5% | 0.2% |
Arvest Bank | $245,000 | n/a | 0.2% | |
DELMAR FINANCIAL COMPANY | $245,000 | n/a | 0.2% | |
Discover Bank | $100,000 | $245,000 | 145.0% | 0.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $230,000 | n/a | 0.2% | |
Magnolia Bank | $225,000 | n/a | 0.2% | |
MID AMERICA MORTGAGE, INC. | $295,000 | $225,000 | -23.7% | 0.2% |
CORTRUST MORTGAGE, INC. | $215,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $215,000 | $215,000 | 0.0% | 0.2% |
ZILLOW HOME LOANS, LLC | $215,000 | n/a | 0.2% | |
21ST MORTGAGE CORPORATION | $205,000 | n/a | 0.2% | |
AMERISAVE MORTGAGE CORPORATION | $205,000 | n/a | 0.2% | |
Figure Lending LLC | $145,000 | $205,000 | 41.4% | 0.2% |
First Dakota National Bank | $195,000 | n/a | 0.2% | |
NAVY FEDERAL CREDIT UNION | $700,000 | $195,000 | -72.1% | 0.2% |
Union Bank and Trust Company | $320,000 | $185,000 | -42.2% | 0.2% |
Paramount Residential Mortgage Group, Inc. | $180,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $175,000 | n/a | 0.1% | |
First-Citizens Bank & Trust Company | $175,000 | n/a | 0.1% | |
JPMorgan Chase Bank | $165,000 | n/a | 0.1% | |
Sierra Pacific Mortgage Company, Inc. | $165,000 | n/a | 0.1% | |
Gateway First Bank | $150,000 | n/a | 0.1% | |
GUILD MORTGAGE COMPANY | $145,000 | n/a | 0.1% | |
Home Federal Savings & Loan Association of Grand Island | $145,000 | n/a | 0.1% | |
LONGBRIDGE FINANCIAL, LLC | $115,000 | n/a | 0.1% | |
RUOFF MORTGAGE COMPANY, INC. | $115,000 | n/a | 0.1% | |
Nebraska Bank of Commerce | $75,000 | n/a | 0.1% | |
VERIDIAN CREDIT UNION | $30,000 | $65,000 | 116.7% | 0.1% |
LIBERTY FIRST | $35,000 | n/a | 0.0% | |
Coastal Community Bank | $190,000 | $25,000 | -86.8% | 0.0% |
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% | |
Flagstar Bank, FSB | $65,000 | $25,000 | -61.5% | 0.0% |
Norfolk's top lender by overall market share is West Gate Bank, with 19.0% market share. In second place, with 9.8%, is BankFirst, having originated $11,835,000 in loans. In third place, with 9.3%, is GUARANTEED RATE, INC., having originated $11,325,000 in loans. In fourth place, with 7.2%, is CHARTER WEST BANK, having originated $8,775,000 in loans. In fifth place, with 6.0%, is Pinnacle Bank, having originated $7,300,000 in loans.
Norfolk Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Norfolk (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 | $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%) | $235,393 (8.3%) | 0.00 | 117 |
2019-05-01 | $183,950 (-4.5%) | $232,603 (2.4%) | 0.00 | 117 |
2019-06-01 | $194,500 (-2.5%) | $235,904 (-2.2%) | 0.00 | 126 |
2019-07-01 | $199,850 (4.4%) | $234,935 (-0.8%) | 0.00 | 129 |
2019-08-01 | $200,509 (7.0%) | $238,400 (5.5%) | 0.00 | 138 |
2019-09-01 | $201,348 (7.5%) | $241,031 (1.5%) | 0.00 | 145 |
2019-10-01 | $195,857 (8.9%) | $236,670 (3.1%) | 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 (-1.1%) | 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 (0.4%) | 0.00 | 92 |
2020-07-01 | $207,925 (4.0%) | $236,111 (0.5%) | 0.00 | 98 |
2020-08-01 | $192,700 (-3.9%) | $233,619 (-2.0%) | 0.00 | 99 |
2020-09-01 | $222,400 (10.5%) | $244,275 (1.4%) | 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 |
2023-03-01 | $249,700 (8.0%) | $345,287 (26.1%) | 0.00 | 64 |
2023-04-01 | $275,000 (1.9%) | $350,978 (19.3%) | 0.00 | 50 |
2023-05-01 | $252,350 (-0.7%) | $330,954 (13.1%) | 0.00 | 53 |
2023-06-01 | $298,100 (25.8%) | $355,332 (30.4%) | 0.00 | 61 |
2023-07-01 | $270,000 (8.6%) | $332,597 (9.9%) | 0.00 | 56 |
2023-08-01 | $254,850 (-5.2%) | $301,506 (-5.4%) | 0.00 | 62 |
2023-09-01 | $249,900 (-6.5%) | $294,880 (-6.9%) | 0.00 | 65 |
2023-10-01 | $275,000 (6.4%) | $317,414 (0.9%) | 0.00 | 85 |
2023-11-01 | $286,000 (22.4%) | $330,499 (7.3%) | 0.00 | 91 |
2023-12-01 | $294,900 (23.3%) | $317,692 (-4.6%) | 0.00 | 78 |
2024-01-01 | $273,450 (11.9%) | $303,045 (-10.6%) | 0.00 | 79 |
2024-02-01 | $272,425 (9.1%) | $293,657 (-15.6%) | 0.00 | 73 |
2024-03-01 | $285,000 (14.1%) | $304,865 (-11.7%) | 0.00 | 73 |
2024-04-01 | $283,650 (3.2%) | $319,062 (-9.1%) | 0.00 | 81 |
2024-05-01 | $284,850 (12.9%) | $324,236 (-2.0%) | 0.00 | 90 |
2024-06-01 | $282,450 (-5.3%) | $314,106 (-11.6%) | 0.00 | 104 |
2024-07-01 | $284,725 (5.5%) | $320,156 (-3.7%) | 0.00 | 106 |
2024-08-01 | $279,000 (9.5%) | $307,637 (2.0%) | 0.00 | 117 |
2024-09-01 | $264,688 (5.9%) | $296,376 (0.5%) | 0.00 | 120 |
2024-10-01 | $269,488 (-2.0%) | $298,282 (-6.0%) | 0.00 | 120 |
2024-11-01 | $252,450 (-11.7%) | $279,810 (-15.3%) | 0.00 | 133 |
2024-12-01 | $259,200 (-12.1%) | $285,941 (-10.0%) | 0.00 | 122 |
2025-01-01 | $242,000 (-11.5%) | $288,297 (-4.9%) | 0.00 | 114 |
2025-02-01 | $243,675 (-10.6%) | $286,280 (-2.5%) | 0.00 | 107 |
2025-03-01 | $265,000 (-7.0%) | $302,829 (-0.7%) | 0.00 | 112 |
Norfolk's median listing price comes in at 0% of the national average.
Norfolk's average listing price for 2025-03-01 was $302,829, a difference of $-2,036 (-0.7%) versus the prior year and $16,549 versus the prior month.
For the 2025-03-01 period, Norfolk had 112 MLS listings, a difference of 5 listings (5%) versus the prior month and 39 listings (53%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Norfolk (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,213 sqft |
2018-02-01 | 0 days | 2,140 sqft |
2018-03-01 | 0 days | 1,981 sqft |
2018-04-01 | 0 days | 2,009 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 | 2,154 sqft |
2018-11-01 | 0 days | 2,133 sqft |
2018-12-01 | 0 days | 2,124 sqft |
2019-01-01 | 0 days | 2,110 sqft |
2019-02-01 | 0 days | 2,063 sqft |
2019-03-01 | 0 days | 2,203 sqft |
2019-04-01 | 0 days | 2,172 sqft |
2019-05-01 | 0 days | 2,130 sqft |
2019-06-01 | 0 days | 2,204 sqft |
2019-07-01 | 0 days | 2,179 sqft |
2019-08-01 | 0 days | 2,237 sqft |
2019-09-01 | 0 days | 2,276 sqft |
2019-10-01 | 0 days | 2,274 sqft |
2019-11-01 | 0 days | 2,266 sqft |
2019-12-01 | 0 days | 2,253 sqft |
2020-01-01 | 0 days | 2,267 sqft |
2020-02-01 | 0 days | 2,198 sqft |
2020-03-01 | 0 days | 2,096 sqft |
2020-04-01 | 0 days | 1,958 sqft |
2020-05-01 | 0 days | 1,888 sqft |
2020-06-01 | 0 days | 1,828 sqft |
2020-07-01 | 0 days | 1,818 sqft |
2020-08-01 | 0 days | 1,980 sqft |
2020-09-01 | 0 days | 2,143 sqft |
2020-10-01 | 0 days | 1,920 sqft |
2020-11-01 | 0 days | 1,902 sqft |
2020-12-01 | 0 days | 1,882 sqft |
2021-01-01 | 0 days | 1,722 sqft |
2021-02-01 | 0 days | 1,621 sqft |
2021-03-01 | 0 days | 1,708 sqft |
2021-04-01 | 0 days | 1,700 sqft |
2021-05-01 | 0 days | 1,559 sqft |
2021-06-01 | 0 days | 1,693 sqft |
2021-07-01 | 0 days | 1,836 sqft |
2021-08-01 | 0 days | 1,810 sqft |
2021-09-01 | 0 days | 1,999 sqft |
2021-10-01 | 0 days | 2,177 sqft |
2021-11-01 | 0 days | 1,959 sqft |
2021-12-01 | 0 days | 2,138 sqft |
2022-01-01 | 0 days | 1,985 sqft |
2022-02-01 | 0 days | 2,067 sqft |
2022-03-01 | 0 days | 1,976 sqft |
2022-04-01 | 0 days | 2,217 sqft |
2022-05-01 | 0 days | 1,977 sqft |
2022-06-01 | 0 days | 1,835 sqft |
2022-07-01 | 0 days | 2,016 sqft |
2022-08-01 | 0 days | 2,158 sqft |
2022-09-01 | 0 days | 2,046 sqft |
2022-10-01 | 0 days | 2,108 sqft |
2022-11-01 | 0 days | 2,115 sqft |
2022-12-01 | 0 days | 2,198 sqft |
2023-01-01 | 0 days | 2,124 sqft |
2023-02-01 | 0 days | 2,038 sqft |
2023-03-01 | 0 days | 1,907 sqft |
2023-04-01 | 0 days | 1,943 sqft |
2023-05-01 | 0 days | 1,838 sqft |
2023-06-01 | 0 days | 1,927 sqft |
2023-07-01 | 0 days | 1,872 sqft |
2023-08-01 | 0 days | 1,789 sqft |
2023-09-01 | 0 days | 1,737 sqft |
2023-10-01 | 0 days | 1,835 sqft |
2023-11-01 | 0 days | 1,867 sqft |
2023-12-01 | 0 days | 1,899 sqft |
2024-01-01 | 0 days | 1,849 sqft |
2024-02-01 | 0 days | 1,919 sqft |
2024-03-01 | 0 days | 1,894 sqft |
2024-04-01 | 0 days | 1,834 sqft |
2024-05-01 | 0 days | 1,862 sqft |
2024-06-01 | 0 days | 1,886 sqft |
2024-07-01 | 0 days | 1,954 sqft |
2024-08-01 | 0 days | 1,935 sqft |
2024-09-01 | 0 days | 1,845 sqft |
2024-10-01 | 0 days | 1,944 sqft |
2024-11-01 | 0 days | 1,827 sqft |
2024-12-01 | 0 days | 1,870 sqft |
2025-01-01 | 0 days | 1,878 sqft |
2025-02-01 | 0 days | 1,824 sqft |
2025-03-01 | 0 days | 1,832 sqft |
Norfolk's median square footage for active listings during the 2025-03-01 period was 1,832 sqft. One year prior, the average listing was 1,894 sqft.
Norfolk, NE Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 389 | $83,725,000 | $215,231 |
Cash Out Refi | 83 | $12,095,000 | $145,723 |
Refi | 75 | $20,115,000 | $268,200 |
Other | 42 | $3,440,000 | $81,905 |
Home Improvement | 29 | $1,925,000 | $66,379 |
Norfolk's most frequently cited loan purpose was Home Purchase, with 389 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 241 | $53,555,000 | $222,220 |
7-8% | 93 | $19,405,000 | $208,656 |
Over 8% | 90 | $9,190,000 | $102,111 |
5-6% | 77 | $18,965,000 | $246,299 |
<2.5% | 22 | $190,000 | $8,636 |
4-5% | 3 | $765,000 | $255,000 |
3-4% | 1 | $25,000 | $25,000 |
During 2024, Norfolk's most frequently originated rate bucket was 6-7%, with 241 originations.
Loan Sizing (Norfolk, NE MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 238 | $35,760,000 | $150,252 |
$200k-400k | 211 | $57,265,000 | $271,398 |
$100,000 or less | 137 | $6,995,000 | $51,058 |
$400k-600k | 25 | $11,705,000 | $468,200 |
$600k-1000k | 4 | $2,790,000 | $697,500 |
$Over $1MM | 3 | $6,785,000 | $2,261,667 |
Norfolk's loan sizing saw the bucket of loans from $100k-200k with 238 originations, totaling $35,760,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 242 | $56,730,000 | $234,421 |
60-80% | 94 | $20,010,000 | $212,872 |
20-40% | 61 | $6,325,000 | $103,689 |
Under 20% | 56 | $2,320,000 | $41,429 |
40-60% | 55 | $12,475,000 | $226,818 |
Over 100% | 5 | $1,345,000 | $269,000 |
Norfolk's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 242 originations, totaling $56,730,000 in origination value.