Network Funding L.p. Mortgage Rates, Fees & Info

Dallas, TX

LEI: 254900QRD0ZXHH08TX87

Tax ID: 76-0561995

3.4 stars - out of 5 stars, based on 90 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Network Funding L.p. is a small mortgage company specializing in Home Purchase and Refi loans. Network Funding L.p. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Houston, Austin, Salt Lake City, Dallas, and San Antonio among others. We have data for 156 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Network Funding L.p. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Network Funding L.p. is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.08% 12/4/22
    30 Year Conventional Refi 6.87% 12/4/22
    30 Year Cash-out Refi 7.11% 12/4/22
    30 Year FHA Purchase 7.87% 12/4/22
    30 Year FHA Refi 7.45% 12/4/22
    30 Year VA Purchase 6.75% 12/4/22
    30 Year VA Refi 6.49% 12/4/22
    30 Year USDA Purchase 7.29% 12/4/22
    30 Year USDA Refi 7.08% 12/4/22
    15 Year Conventional Purchase 6.24% 12/4/22
    15 Year Conventional Refi 6.15% 12/4/22
    15 Year Cash-out Refi 6.15% 12/4/22
    15 Year FHA Refi 7.73% 12/4/22
    15 Year VA Purchase 6.25% 12/4/22
    15 Year VA Refi 5.76% 12/4/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    8,183

    Origination Dollar Volume (All Markets)

    $2,385,415,000
    Show all (5) awards

    Relative Rate

    Network Funding L.p.'s average 30 year fixed mortgage rate was 3.19%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.04%.

    Relative Fees (Closing Costs)

    Network Funding L.p.'s average total fees/closing costs for a 30 year fixed rate mortgage were $6,199.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2,552 $756,810,000 $296,556 $6,022 3.10%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1,006 $361,930,000 $359,771 $5,719 3.03%
    SALT LAKE CITY, UT (FHA|USDA|VA) 666 $207,720,000 $311,892 $6,150 3.29%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 584 $187,060,000 $320,308 $5,330 3.05%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 481 $131,615,000 $273,628 $7,717 3.15%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 275 $87,675,000 $318,818 $6,855 2.91%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 345 $79,065,000 $229,174 $5,048 3.14%
    COLUMBIA, SC (FHA|USDA|VA) 297 $68,205,000 $229,646 $4,139 3.16%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 232 $60,680,000 $261,552 $6,043 3.06%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 162 $46,050,000 $284,259 $5,486 3.27%
    JACKSONVILLE, FL (FHA|USDA|VA) 162 $45,860,000 $283,086 $5,678 2.97%
    PROVO-OREM, UT (FHA|USDA|VA) 146 $41,090,000 $281,438 $6,033 3.37%
    Outside of Metro Areas 131 $33,035,000 $252,176 $5,923 3.15%
    SPARTANBURG, SC (FHA|USDA|VA) 97 $19,585,000 $201,907 $5,734 3.17%
    BATON ROUGE, LA (FHA|USDA|VA) 69 $14,315,000 $207,464 $5,514 3.17%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 46 $11,540,000 $250,870 $7,165 3.34%
    EL PASO, TX (FHA|USDA|VA) 57 $10,265,000 $180,088 $6,200 3.27%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 43 $9,545,000 $221,977 $7,186 3.09%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 25 $9,215,000 $368,600 $6,880 3.36%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 32 $8,700,000 $271,875 $6,087 3.12%
    AMARILLO, TX (FHA|USDA|VA) 45 $8,565,000 $190,333 $5,727 3.33%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 27 $8,305,000 $307,593 $6,546 3.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 20 $7,760,000 $388,000 $8,576 3.04%
    GREELEY, CO (FHA|USDA|VA) 23 $7,555,000 $328,478 $7,645 2.97%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 30 $7,280,000 $242,667 $4,977 3.29%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 28 $7,230,000 $258,214 $5,538 3.00%
    WACO, TX (FHA|USDA|VA) 31 $6,875,000 $221,774 $7,117 3.12%
    LAWTON, OK (FHA|USDA|VA) 46 $5,820,000 $126,522 $5,298 2.79%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 16 $5,700,000 $356,250 $4,870 3.43%
    ST. GEORGE, UT (FHA|USDA|VA) 17 $5,625,000 $330,882 $7,444 3.37%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 20 $5,470,000 $273,500 $5,391 3.28%
    Newberry, SC (FHA|USDA|VA) 25 $4,625,000 $185,000 $4,310 3.31%
    Vernon, TX (FHA|USDA|VA) 37 $4,525,000 $122,297 $5,903 3.12%
    Heber, UT (FHA|USDA|VA) 11 $4,495,000 $408,636 $6,358 3.06%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 12 $4,180,000 $348,333 $4,297 3.32%
    WORCESTER, MA-CT (FHA|USDA|VA) 14 $4,180,000 $298,571 $6,134 2.99%
    MIDLAND, TX (FHA|USDA|VA) 13 $3,885,000 $298,846 $6,089 3.01%
    Seneca, SC (FHA|USDA|VA) 13 $3,525,000 $271,154 $5,248 3.12%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 12 $3,380,000 $281,667 $6,596 3.15%
    Fredericksburg, TX (FHA|USDA|VA) 8 $3,250,000 $406,250 $5,662 3.18%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,140,000 $261,667 $6,396 3.26%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 14 $3,000,000 $214,286 $4,262 3.28%
    LONGVIEW, TX (FHA|USDA|VA) 10 $2,760,000 $276,000 $4,682 2.86%
    FORT COLLINS, CO (FHA|USDA|VA) 7 $2,615,000 $373,571 $4,649 3.29%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 10 $2,480,000 $248,000 $7,465 3.15%
    BOULDER, CO (FHA|USDA|VA) 6 $2,230,000 $371,667 $5,881 2.83%
    LUBBOCK, TX (FHA|USDA|VA) 8 $1,990,000 $248,750 $4,705 2.89%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 7 $1,855,000 $265,000 $6,240 3.14%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 8 $1,780,000 $222,500 $5,038 3.25%
    Rockport, TX (FHA|USDA|VA) 6 $1,740,000 $290,000 $8,265 3.46%
    El Campo, TX (FHA|USDA|VA) 8 $1,650,000 $206,250 $5,705 3.34%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 7 $1,565,000 $223,571 $6,083 2.82%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,560,000 $390,000 $7,788 3.40%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,560,000 $260,000 $3,941 3.31%
    WARNER ROBINS, GA (FHA|USDA|VA) 7 $1,475,000 $210,714 $7,877 3.41%
    Brenham, TX (FHA|USDA|VA) 5 $1,435,000 $287,000 $5,375 3.10%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $1,405,000 $200,714 $4,300 2.86%
    TYLER, TX (FHA|USDA|VA) 5 $1,365,000 $273,000 $5,860 3.03%
    Durango, CO (FHA|USDA|VA) 2 $1,340,000 $670,000 $8,634 3.43%
    Ellensburg, WA (FHA|USDA|VA) 3 $1,295,000 $431,667 $4,319 3.29%
    Key West, FL (FHA|USDA|VA) 2 $1,290,000 $645,000 $10,307 3.06%
    Athens, TX (FHA|USDA|VA) 3 $1,255,000 $418,333 $5,188 2.75%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $1,220,000 $305,000 $2,338 3.47%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,155,000 $231,000 $7,928 2.80%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,140,000 $570,000 $11,265 3.81%
    ODESSA, TX (FHA|USDA|VA) 4 $1,140,000 $285,000 $6,431 3.28%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,060,000 $265,000 $6,147 3.38%
    Gainesville, TX (FHA|USDA|VA) 3 $1,025,000 $341,667 $7,534 2.83%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $1,015,000 $338,333 $5,966 2.88%
    Cedar City, UT (FHA|USDA|VA) 6 $1,000,000 $166,667 $3,659 3.19%
    YORK-HANOVER, PA (FHA|USDA|VA) 4 $980,000 $245,000 $6,299 3.31%
    ABILENE, TX (FHA|USDA|VA) 5 $955,000 $191,000 $6,863 3.45%
    WICHITA FALLS, TX (FHA|USDA|VA) 5 $935,000 $187,000 $4,407 3.35%
    Kerrville, TX (FHA|USDA|VA) 3 $885,000 $295,000 $8,725 3.25%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $865,000 $288,333 $6,259 2.13%
    Bay City, TX (FHA|USDA|VA) 4 $850,000 $212,500 $4,083 3.34%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $830,000 $207,500 $5,932 3.28%
    Port Lavaca, TX (FHA|USDA|VA) 3 $805,000 $268,333 $4,608 3.38%
    Fort Morgan, CO (FHA|USDA|VA) 2 $770,000 $385,000 $6,401 3.00%
    Alice, TX (FHA|USDA|VA) 4 $760,000 $190,000 $5,421 3.09%
    Huntsville, TX (FHA|USDA|VA) 2 $760,000 $380,000 $11,383 3.38%
    LOGAN, UT-ID (FHA|USDA|VA) 2 $710,000 $355,000 $7,063 2.94%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 3 $695,000 $231,667 $6,384 3.08%
    Dumas, TX (FHA|USDA|VA) 4 $670,000 $167,500 $7,361 3.53%
    Shawnee, OK (FHA|USDA|VA) 2 $630,000 $315,000 $9,099 3.56%
    Jacksonville, TX (FHA|USDA|VA) 2 $610,000 $305,000 $15,091 2.69%
    ALBUQUERQUE, NM (FHA|USDA|VA) 2 $550,000 $275,000 $4,651 3.25%
    Brownwood, TX (FHA|USDA|VA) 2 $540,000 $270,000 $4,442 2.56%
    Beeville, TX (FHA|USDA|VA) 2 $540,000 $270,000 $7,132 3.19%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $535,000 $178,333 $6,875 3.21%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $510,000 $255,000 $3,642 2.87%
    Vernal, UT (FHA|USDA|VA) 2 $500,000 $250,000 $5,563 3.06%
    Granbury, TX (FHA|USDA|VA) 2 $490,000 $245,000 $5,230 3.31%
    Hereford, TX (FHA|USDA|VA) 3 $485,000 $161,667 $7,714 3.54%
    Georgetown, SC (FHA|USDA|VA) 1 $485,000 $485,000 $3,653 3.38%
    NILES, MI (FHA|USDA|VA) 1 $475,000 $475,000 $5,529 3.63%
    Mineral Wells, TX (FHA|USDA|VA) 2 $470,000 $235,000 $5,968 3.12%
    HAMMOND, LA (FHA|USDA|VA) 3 $465,000 $155,000 $3,723 3.54%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $465,000 $465,000 $26,528 2.75%
    Astoria, OR (FHA|USDA|VA) 1 $445,000 $445,000 $7,310 4.88%
    LANCASTER, PA (FHA|USDA|VA) 2 $410,000 $205,000 $5,627 2.88%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $405,000 $405,000 $3,191 3.13%
    Corsicana, TX (FHA|USDA|VA) 2 $400,000 $200,000 $6,754 2.69%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $395,000 $395,000 $4,139 2.88%
    TULSA, OK (FHA|USDA|VA) 1 $385,000 $385,000 $3,856 3.38%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $385,000 $55,000 $2,798 3.43%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $385,000 $385,000 $18,753 3.75%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $375,000 $375,000 $4,025 3.13%
    Ardmore, OK (FHA|USDA|VA) 1 $365,000 $365,000 $9,386 3.63%
    VICTORIA, TX (FHA|USDA|VA) 2 $360,000 $180,000 $4,089 2.56%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $355,000 $355,000 $11,043 3.63%
    Gaffney, SC (FHA|USDA|VA) 2 $350,000 $175,000 $7,464 3.06%
    Lufkin, TX (FHA|USDA|VA) 1 $325,000 $325,000 $3,118 2.38%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $325,000 $325,000 $12,810 2.75%
    BOISE CITY, ID (FHA|USDA|VA) 1 $325,000 $325,000 $5,955 3.99%
    ROCKFORD, IL (FHA|USDA|VA) 2 $320,000 $160,000 $5,878 2.94%
    Uvalde, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,730 2.63%
    Greenwood, SC (FHA|USDA|VA) 2 $310,000 $155,000 $4,171 3.06%
    AKRON, OH (FHA|USDA|VA) 1 $305,000 $305,000 $9,803 3.75%
    Price, UT (FHA|USDA|VA) 3 $305,000 $101,667 $3,624 3.38%
    Freeport, IL (FHA|USDA|VA) 1 $295,000 $295,000 $8,444 3.13%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $285,000 $285,000 $2,316 3.25%
    Nacogdoches, TX (FHA|USDA|VA) 1 $275,000 $275,000 $4,684 2.88%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,839 3.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,264 3.99%
    Mountain Home, ID (FHA|USDA|VA) 1 $255,000 $255,000 $11,247 4.88%
    Eagle Pass, TX (FHA|USDA|VA) 1 $255,000 $255,000 $2,799 2.38%
    PUEBLO, CO (FHA|USDA|VA) 1 $255,000 $255,000 $2,540 2.50%
    Natchitoches, LA (FHA|USDA|VA) 1 $255,000 $255,000 $4,046 3.13%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $245,000 $245,000 $13,150 2.63%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,025 3.25%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $6,224 3.63%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,430 2.88%
    APPLETON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $3,371 3.25%
    Duncan, OK (FHA|USDA|VA) 1 $195,000 $195,000 $6,722 3.13%
    Edwards, CO (FHA|USDA|VA) 1 $185,000 $185,000 $6,365 3.38%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $185,000 $185,000 $6,173 3.75%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $185,000 $185,000 $6,597 2.75%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $185,000 $185,000 $3,609 4.38%
    Pampa, TX (FHA|USDA|VA) 1 $175,000 $175,000 $7,727 3.75%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $6,629 3.25%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $175,000 $175,000 $5,929 3.63%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $165,000 $165,000 $6,879 3.25%
    Del Rio, TX (FHA|USDA|VA) 1 $165,000 $165,000 $8,144 3.63%
    Ruidoso, NM (FHA|USDA|VA) 1 $155,000 $155,000 $2,041 2.88%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $155,000 $155,000 $6,508 2.75%
    Palestine, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,131 3.38%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $145,000 $145,000 $3,309 2.75%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $2,075 2.75%
    Orangeburg, SC (FHA|USDA|VA) 1 $145,000 $145,000 $2,876 3.38%
    Union, SC (FHA|USDA|VA) 1 $135,000 $135,000 $5,715 3.00%
    Ozark, AL (FHA|USDA|VA) 1 $115,000 $115,000 $5,830 3.75%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $105,000 $105,000 $4,596 4.13%
    TUCSON, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $3,055 2.88%
    Lamesa, TX (FHA|USDA|VA) 1 $95,000 $95,000 $4,744 3.00%
    Ottawa, IL (FHA|USDA|VA) 1 $85,000 $85,000 $4,075 3.50%
    Network Funding L.p.'s top markets include Houston, Austin, Salt Lake City, Dallas, and San Antonio among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Network Funding L.P. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOMERSET
    Similarity Rank: 87
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    Middlesex Savings Bank
    Similarity Rank: 174
    HORIZON UTAH Federal Credit Union
    Similarity Rank: 350
    First Credit Union
    Similarity Rank: 378
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 384
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,545 $1,942,145,000 $296,737 $5,092 3.13%
    FHA 1,167 $302,175,000 $258,933 $9,894 3.15%
    VA 405 $128,655,000 $317,667 $8,420 2.91%
    USDA 66 $12,440,000 $188,485 $5,655 3.12%

    For 2021, Network Funding L.p.'s most frequently originated type of loan was Conventional, with 6,545 originations. Their 2nd most popular type was FHA, with 1,167 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,814 $1,438,620,000 $298,841 $6,727 3.18%
    Refi 1,894 $518,840,000 $273,939 $4,331 2.90%
    Cash Out Refi 1,475 $427,955,000 $290,139 $5,473 3.21%

    For 2021, Network Funding L.p.'s most frequently cited loan purpose was Home Purchase, with 4,814 originations. The 2nd most popular reason was Refi, with 1,894 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,986 $2,072,740,000 $296,699 $6,199 3.19%
    15 Year 877 $223,895,000 $255,296 $4,444 2.62%
    20 Year 191 $55,925,000 $292,801 $4,901 2.97%
    Other 91 $26,015,000 $285,879 $4,388 3.02%
    10 Year 38 $6,840,000 $180,000 $3,103 2.63%

    For 2021, Network Funding L.p.'s most frequently cited loan duration was 30 Year, with 6,986 originations. The 2nd most popular length was 15 Year, with 877 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,790 $1,366,920,000 $285,370
    $2k-3k 1,257 $350,635,000 $278,946
    $5k+ 754 $300,830,000 $398,979
    $3k-4k 675 $197,535,000 $292,644
    $4k-5k 422 $136,420,000 $323,270
    $<1k 285 $33,075,000 $116,053

    Network Funding L.p.'s average total fees were $6,199, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,790 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,155 $1,224,045,000 $294,596
    2.5-3% 2,978 $911,260,000 $305,997
    <2.5% 754 $199,050,000 $263,992
    4-5% 260 $50,170,000 $192,962
    5-6% 35 $765,000 $21,857
    % 1 $125,000 $125,000

    During 2021, Network Funding L.p.'s average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 4,155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,560 $1,321,390,000 $289,779 $6,183 3.11%
    $100k-200k 1,787 $282,765,000 $158,234 $4,688 3.16%
    $400k-600k 1,360 $652,650,000 $479,890 $7,235 3.07%
    $100,000 or less 335 $16,505,000 $49,269 $2,002 3.25%
    $600k-1MM 123 $90,455,000 $735,407 $10,507 3.25%
    $1MM+ 18 $21,650,000 $1,202,778 $15,820 3.17%

    2021 saw Network Funding L.p. place emphasis on $200k-400k loans with 4,560 originations, totaling $1,321,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,889 $436,545,000 $231,098 $6,112 3.18%
    $100k-150k 1,876 $588,920,000 $313,923 $5,868 3.09%
    $75k-100k 1,508 $409,300,000 $271,419 $6,125 3.15%
    $150k-250k 1,433 $524,685,000 $366,144 $5,917 3.07%
    $50k or less 796 $134,270,000 $168,681 $5,050 3.11%
    $250k+ 569 $255,865,000 $449,675 $6,773 3.13%

    Network Funding L.p. lent most frequently to those with incomes in the $50k-75k range, with 1,889 originations. The second most popular income band? $100k-150k, with 1,876 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,579 $472,735,000 $299,389 $5,321 3.05%
    30-36% 1,404 $419,080,000 $298,490 $5,602 3.11%
    <20% 526 $153,340,000 $291,521 $4,884 2.93%
    50-60% 476 $119,390,000 $250,819 $8,949 3.15%
    44% 376 $105,280,000 $280,000 $5,994 3.12%
    43% 369 $108,575,000 $294,241 $6,048 3.20%
    42% 350 $103,460,000 $295,600 $6,190 3.18%
    39% 319 $94,265,000 $295,502 $6,067 3.18%
    49% 318 $90,150,000 $283,491 $6,203 3.13%
    40% 315 $91,745,000 $291,254 $5,595 3.17%
    38% 307 $92,735,000 $302,068 $6,052 3.17%
    41% 281 $84,285,000 $299,947 $6,100 3.20%
    37% 280 $84,250,000 $300,893 $6,016 3.20%
    48% 262 $73,740,000 $281,450 $6,640 3.12%
    46% 261 $72,425,000 $277,490 $6,401 3.19%
    36% 257 $75,085,000 $292,160 $5,587 3.17%
    45% 255 $73,325,000 $287,549 $6,154 3.14%
    47% 238 $68,380,000 $287,311 $6,266 3.20%
    >60% 8 $2,640,000 $330,000 $7,259 3.06%

    Network Funding L.p. lent most frequently to those with DTI ratios of 20-30%, with 1,579 originations. The next most common DTI ratio? 30-36%, with 1,404 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,905 $1,717,235,000 $290,810 $5,976 3.13%
    Not provided 1,399 $412,745,000 $295,029 $5,762 3.10%
    Asian 455 $143,255,000 $314,846 $5,639 2.99%
    Black 374 $98,010,000 $262,059 $6,541 3.23%
    American Indian 27 $7,855,000 $290,926 $5,438 3.18%
    Native Hawaiian or Islander 17 $3,895,000 $229,118 $5,889 3.44%
    Asian Indian 5 $1,625,000 $325,000 $7,600 3.03%
    Samoan 1 $795,000 $795,000 $9,703 3.25%

    Approval Rates

    Total approvals of all applications
    94.14%

    Network Funding L.p. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    56.43%

    Network Funding L.p. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,183 $2,385,415,000 $291,509

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    8,183 $2,385,415,000 $291,509

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 254 $53,100,000 $209,055 $4,092 2.89%
    40-60% 1,027 $280,305,000 $272,936 $4,506 2.94%
    60-80% 2,883 $888,105,000 $308,049 $5,372 3.16%
    80-100% 3,725 $1,125,135,000 $302,050 $6,972 3.15%
    Over 100% 106 $32,380,000 $305,472 $13,378 3.01%
    Under 20% 185 $5,615,000 $30,351 $501 3.23%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    NETWORK FUNDING, L.P. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    NETWORK FUNDING, L.P. Conventional home mortgage Closing on a mortgage 1 50.0%