Nebraska USDA Loan Rates, Closing Costs & Stats

Nebraska

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Nebraska USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Nebraska averaged 7.03% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Nebraska's average USDA mortgage closing costs are $3,909.

    The average rate for the prior week (2024-04-12) was 6.78% and one month ago for the week of 2024-03-15, the average rate was 6.66%.

    The average rate one year ago was 6.3%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.36%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Nebraska USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Nebraska level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CHARTER WEST BANK 37 6.24% $4,724
    Pinnacle Bank 26 6.47% $4,402
    First National Bank of Omaha 19 6.42% $4,485
    West Gate Bank 18 6.43% $3,744
    CASTLE & COOKE MORTGAGE, LLC 15 6.91% $6,916
    Frontier Bank 7 7.00% $5,239
    UNITED WHOLESALE MORTGAGE, LLC 6 6.41% $5,667
    Adams Bank & Trust 4 6.66% $5,155
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.88% $5,073
    MORIA DEVELOPMENT, INC. 4 6.47% $6,719
    CMG MORTGAGE, INC. 3 6.75% $7,311
    Plains Commerce Bank 3 6.00% $5,544
    Lincoln FSB of Nebraska 3 6.42% $4,156
    U.S. Bank 3 6.46% $4,435
    FIRST STATE MORTGAGE SERVICES, LLC 3 6.38% $4,103
    HOMESIDE FINANCIAL, LLC 2 5.94% $3,935
    IOWA BANKERS MORTGAGE CORPORATION 2 6.50% $4,262
    LIBERTY FIRST 2 6.00% $3,992
    GERSHMAN INVESTMENT CORP. 2 6.44% $4,760
    GUILD MORTGAGE COMPANY 2 7.06% $6,234
    Paramount Residential Mortgage Group, Inc. 2 6.56% $5,532
    Gateway First Bank 2 7.25% $3,142
    PLAZA HOME MORTGAGE, INC. 2 7.00% $6,420
    Unify Home Lending Inc. 1 6.63% $2,730
    UNION HOME MORTGAGE CORP. 1 6.13% $4,354
    BROKER SOLUTIONS, INC. 1 6.75% $8,667
    First Dakota National Bank 1 6.50% $3,208
    First International Bank & Trust 1 5.50% $2,522
    First PREMIER Bank 1 6.50% $4,563
    First State Bank 1 5.50% $3,421
    Flagstar Bank, FSB 1 6.88% $5,367
    Great Southern Bank 1 6.38% $4,064
    GUARANTEED RATE, INC. 1 7.25% $6,446
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.50% $9,064
    Members Mortgage Services, L.L.C. 1 6.63% $4,745
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $6,856
    Mortgage Research Center, LLC 1 7.63% $970
    NEWREZ LLC 1 7.25% $8,369
    Carrington Mortgage Services, LLC 1 7.50% $6,915
    Prosperity Home Mortgage, LLC 1 7.12% $5,971

    The top Nebraska USDA lender as defined by loan originations is CHARTER WEST BANK, with 37 USDA loans originated. Their average total fees are $4,724, which is $322 higher than the next largest lender, Pinnacle Bank.

    The lowest fee Nebraska USDA lenders (with over 10 loans originated) are West Gate Bank ($3,744), Pinnacle Bank ($4,402), First National Bank of Omaha ($4,485), CHARTER WEST BANK ($4,724) and CASTLE & COOKE MORTGAGE, LLC ($6,916).

    The lowest rate Nebraska USDA lenders (with over 10 loans originated) are CHARTER WEST BANK (6.24%), First National Bank of Omaha (6.42%), West Gate Bank (6.43%), Pinnacle Bank (6.47%) and CASTLE & COOKE MORTGAGE, LLC (6.91%).