Access Bank Mortgage Interest Rate and Cost Review

Is Access Bank a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Access Bank with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.04%)
Loan Related Closing Costssimilar to average (-$77)
National Rate and Closing Cost Rating(3.5)

On average, Access Bank’s interest rates were similar to those of other lenders (-0.04%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of -$77. Overall, combining interest rates and closing costs we estimate that Access Bank tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5.0 stars.

Access Bank’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Access Bank was most active in:

  1. Omaha, NE
  2. Lincoln, NE
  3. Atlantic, IA
  4. Phoenix, AZ
  5. Red Oak, IA

You can click through to check out Access Bank’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Access Bank’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Access Bank originated Conforming, FHA, Jumbo and VA mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConformingFHAJumboVA
Interest Rate Difference-0.03%-0.09%-0.00%-0.01%
Loan Related Closing Cost Difference-$49-$225+$26+$152
Cost Adjusted Rate Difference-0.03%-0.11%-0.00%-0.00%
Star Rating(3.5)(4.0)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.06%-0.02%-0.00%+0.01%
Loan Related Closing Cost Difference-$180-$47+$12-$208
Cost Adjusted Rate Difference-0.08%-0.02%-0.00%+0.00%
Star Rating(4.0)(3.5)(3.5)(3.5)

As a summary, Access Bank is cheap for FHA purchase mortgages. It is similar to other lenders for Conforming, Jumbo and VA purchase mortgages. For refinancing, Access Bank is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA, Jumbo and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Access Bank:

Registered name: Access Bank
Registered city and state: Omaha, NE, 68144
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: 3MV BANCORP, INC.

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Access Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.