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

Dallas, TX

LEI: 254900QRD0ZXHH08TX87

Tax ID: 76-0561995

3.9 stars - Updated: 5/13/24 - out of 5 stars, based on 52 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Network Funding L.p. is a smaller mortgage company specializing in Home Purchase 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, Dallas, Austin, San Antonio, and Jacksonville among others. We have data for 123 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 a high 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 relatively high 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 6.73% 5/13/24
30 Year Conventional Refi 6.75% 5/13/24
30 Year Cash-out Refi 6.92% 5/13/24
30 Year FHA Purchase 7.63% 5/13/24
30 Year FHA Refi 7.22% 5/13/24
30 Year VA Purchase 6.37% 5/13/24
30 Year VA Refi 6.65% 5/13/24
30 Year USDA Purchase 6.84% 5/13/24
15 Year Conventional Purchase 6.18% 5/13/24
15 Year Conventional Refi 6.04% 5/13/24
15 Year Cash-out Refi 6.04% 5/13/24
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.

Network Funding L.p. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Network Funding L.p.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,730

Origination Dollar Volume (All Markets)

$836,600,000
Show all (6) awards

Relative Rate

Network Funding L.p.'s average 30 year fixed mortgage rate was 6.67%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.19%.

Relative Fees (Closing Costs)

Network Funding L.p.'s average total fees/closing costs for a 30 year fixed rate mortgage were $9,625.

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 $9,089.

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) 959 $314,655,000 $328,107 $10,207 6.78%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 343 $105,685,000 $308,120 $8,551 7.02%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 224 $95,440,000 $426,071 $11,695 6.58%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 229 $68,815,000 $300,502 $11,379 6.41%
JACKSONVILLE, FL (FHA|USDA|VA) 133 $30,495,000 $229,286 $6,930 5.38%
COLUMBIA, SC (FHA|USDA|VA) 98 $25,340,000 $258,571 $7,101 6.22%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 71 $17,055,000 $240,211 $7,104 6.18%
SALT LAKE CITY, UT (FHA|USDA|VA) 56 $14,840,000 $265,000 $9,950 6.78%
Outside of Metro Areas 70 $14,600,000 $208,571 $8,371 6.85%
WACO, TX (FHA|USDA|VA) 41 $10,295,000 $251,098 $10,843 6.40%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 34 $9,490,000 $279,118 $11,024 6.47%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 31 $9,475,000 $305,645 $8,923 6.82%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 31 $9,225,000 $297,581 $8,378 6.79%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 24 $7,120,000 $296,667 $8,391 4.80%
EL PASO, TX (FHA|USDA|VA) 25 $6,385,000 $255,400 $8,785 6.55%
BATON ROUGE, LA (FHA|USDA|VA) 29 $6,155,000 $212,241 $6,565 6.63%
PROVO-OREM, UT (FHA|USDA|VA) 15 $5,285,000 $352,333 $11,765 6.61%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $4,475,000 $344,231 $7,503 7.03%
CORPUS CHRISTI, TX (FHA|USDA|VA) 11 $4,085,000 $371,364 $9,776 7.11%
SPARTANBURG, SC (FHA|USDA|VA) 20 $4,080,000 $204,000 $6,296 5.62%
Vernon, TX (FHA|USDA|VA) 23 $3,975,000 $172,826 $7,109 6.70%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 18 $3,320,000 $184,444 $8,891 6.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $3,125,000 $625,000 $9,569 6.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 7 $2,295,000 $327,857 $9,878 6.93%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 8 $2,270,000 $283,750 $5,845 7.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $2,170,000 $361,667 $6,525 6.64%
LAWTON, OK (FHA|USDA|VA) 8 $2,020,000 $252,500 $8,251 6.94%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 5 $1,535,000 $307,000 $5,595 7.08%
LONGVIEW, TX (FHA|USDA|VA) 5 $1,465,000 $293,000 $9,850 6.63%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $1,460,000 $365,000 $8,806 6.81%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,450,000 $725,000 $15,744 6.38%
WICHITA FALLS, TX (FHA|USDA|VA) 7 $1,375,000 $196,429 $7,674 7.11%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,365,000 $455,000 $19,871 6.67%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 5 $1,305,000 $261,000 $7,903 7.10%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $1,200,000 $300,000 $6,357 7.03%
THE VILLAGES, FL (FHA|USDA|VA) 5 $1,145,000 $229,000 $5,796 5.35%
TYLER, TX (FHA|USDA|VA) 5 $1,125,000 $225,000 $6,613 6.65%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,120,000 $560,000 $9,396 6.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,095,000 $365,000 $10,600 6.33%
Bay City, TX (FHA|USDA|VA) 5 $1,095,000 $219,000 $8,265 7.05%
OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $1,050,000 $262,500 $11,335 6.50%
ODESSA, TX (FHA|USDA|VA) 4 $1,000,000 $250,000 $12,183 7.03%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $990,000 $247,500 $6,033 6.50%
El Campo, TX (FHA|USDA|VA) 4 $980,000 $245,000 $9,614 6.25%
Newberry, SC (FHA|USDA|VA) 3 $965,000 $321,667 $12,422 6.21%
SHERMAN-DENISON, TX (FHA|USDA|VA) 5 $965,000 $193,000 $7,015 7.10%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $880,000 $440,000 $11,739 6.31%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $855,000 $285,000 $9,712 6.71%
OCALA, FL (FHA|USDA|VA) 3 $795,000 $265,000 $4,663 6.71%
Sevierville, TN (FHA|USDA|VA) 1 $765,000 $765,000 $23,316 7.63%
Mineral Wells, TX (FHA|USDA|VA) 3 $755,000 $251,667 $12,207 7.04%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $735,000 $735,000 $11,917 6.63%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $735,000 $245,000 $8,783 6.42%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $730,000 $182,500 $4,499 4.88%
Brenham, TX (FHA|USDA|VA) 3 $715,000 $238,333 $7,563 7.13%
VICTORIA, TX (FHA|USDA|VA) 2 $690,000 $345,000 $11,444 5.87%
Sulphur Springs, TX (FHA|USDA|VA) 2 $680,000 $340,000 $14,291 7.44%
AMARILLO, TX (FHA|USDA|VA) 2 $670,000 $335,000 $5,187 6.50%
RICHMOND, VA (FHA|USDA|VA) 1 $655,000 $655,000 $11,481 6.88%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $635,000 $211,667 $8,548 7.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $620,000 $310,000 $9,826 6.94%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $585,000 $585,000 $4,241 5.38%
GAINESVILLE, FL (FHA|USDA|VA) 1 $585,000 $585,000 $13,255 6.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $560,000 $280,000 $12,305 6.06%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $555,000 $555,000 $2,415 5.88%
ST. GEORGE, UT (FHA|USDA|VA) 3 $545,000 $181,667 $6,098 6.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $520,000 $260,000 $7,247 7.13%
TULSA, OK (FHA|USDA|VA) 2 $510,000 $255,000 $4,653 7.19%
JONESBORO, AR (FHA|USDA|VA) 2 $510,000 $255,000 $3,363 6.31%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $495,000 $495,000 $24,881 6.50%
BURLINGTON, NC (FHA|USDA|VA) 1 $495,000 $495,000 $25,491 6.13%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 3 $495,000 $165,000 $6,174 7.38%
GREELEY, CO (FHA|USDA|VA) 2 $480,000 $240,000 $8,334 3.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $475,000 $475,000 $6,360 5.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $470,000 $235,000 $10,657 7.50%
LUBBOCK, TX (FHA|USDA|VA) 4 $470,000 $117,500 $5,193 7.41%
Palatka, FL (FHA|USDA|VA) 2 $460,000 $230,000 $10,260 6.88%
Rockport, TX (FHA|USDA|VA) 1 $435,000 $435,000 $5,962 6.99%
MIDLAND, TX (FHA|USDA|VA) 2 $420,000 $210,000 $6,618 6.75%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $415,000 $415,000 $12,387 7.63%
Corsicana, TX (FHA|USDA|VA) 2 $410,000 $205,000 $9,839 6.63%
Palestine, TX (FHA|USDA|VA) 2 $410,000 $205,000 $5,010 6.00%
Athens, TX (FHA|USDA|VA) 2 $400,000 $200,000 $8,344 7.00%
Mount Pleasant, TX (FHA|USDA|VA) 1 $365,000 $365,000 $5,934 7.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $365,000 $365,000 $9,395 5.00%
Brownwood, TX (FHA|USDA|VA) 2 $360,000 $180,000 $3,979 7.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $355,000 $355,000 $4,363 7.13%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $355,000 $355,000 $6,661 6.00%
Seneca, SC (FHA|USDA|VA) 2 $350,000 $175,000 $7,351 6.75%
CARSON CITY, NV (FHA|USDA|VA) 1 $345,000 $345,000 $19,385 5.63%
Uvalde, TX (FHA|USDA|VA) 1 $345,000 $345,000 $15,665 7.13%
Montrose, CO (FHA|USDA|VA) 1 $325,000 $325,000 $11,978 6.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $325,000 $325,000 $16,841 6.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $8,112 6.75%
Huntsville, TX (FHA|USDA|VA) 1 $315,000 $315,000 $7,440 7.50%
ASHEVILLE, NC (FHA|USDA|VA) 1 $315,000 $315,000 $4,060 7.00%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $305,000 $305,000 $4,451 7.00%
LANCASTER, PA (FHA|USDA|VA) 1 $295,000 $295,000 $15,696 6.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,845 5.99%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $285,000 $285,000 $10,198 5.99%
SAN ANGELO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $14,884 7.00%
FLORENCE, SC (FHA|USDA|VA) 1 $275,000 $275,000 $8,896 6.75%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $265,000 $265,000 $12,436 6.50%
RENO, NV (FHA|USDA|VA) 1 $255,000 $255,000 $8,552 7.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $9,321 5.63%
Granbury, TX (FHA|USDA|VA) 1 $255,000 $255,000 $9,941 6.50%
Ardmore, OK (FHA|USDA|VA) 1 $245,000 $245,000 $9,739 7.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $240,000 $120,000 $5,792 7.31%
Price, UT (FHA|USDA|VA) 2 $240,000 $120,000 $5,408 6.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $235,000 $235,000 $7,625 7.13%
Cañon City, CO (FHA|USDA|VA) 1 $225,000 $225,000 $5,469 6.88%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $215,000 $215,000 $8,284 6.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $5,905 6.63%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $185,000 $185,000 $7,344 6.75%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $155,000 $155,000 $6,095 8.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $145,000 $145,000 $4,904 6.38%
Paris, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,978 6.63%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $145,000 $145,000 $5,673 6.50%
Greenwood, SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,325 6.00%
LAS CRUCES, NM (FHA|USDA|VA) 1 $125,000 $125,000 $6,673 6.25%
Bonham, TX (FHA|USDA|VA) 1 $125,000 $125,000 $6,775 6.38%
Gainesville, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,577 7.00%
KOKOMO, IN (FHA|USDA|VA) 1 $95,000 $95,000 $5,470 6.88%
Network Funding L.p.'s top markets include Houston, Dallas, Austin, San Antonio, and Jacksonville among others.

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

    OCEAN STATE CREDIT UNION
    Similarity Rank: 45
    SOMERSET
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    Charter Oak Federal Credit Union
    Similarity Rank: 56
    HOMEFIELD
    Similarity Rank: 75
    ROCKLAND
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    Middlesex Savings Bank
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    FALL RIVER MUNICIPAL CREDIT UNION
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    North Easton Savings Bank
    Similarity Rank: 136

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,872 $572,120,000 $305,620 $7,945 6.66%
    FHA 613 $175,845,000 $286,860 $13,150 6.63%
    VA 228 $85,660,000 $375,702 $12,834 6.22%
    USDA 15 $2,785,000 $185,667 $6,906 6.63%
    Reverse Mortgage 2 $190,000 $95,000 $0 7.95%

    For 2023, Network Funding L.p.'s most frequently originated type of loan was Conventional, with 1,872 originations. Their 2nd most popular type was FHA, with 613 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,342 $743,750,000 $317,570 $9,878 6.53%
    Cash Out Refi 338 $76,140,000 $225,266 $7,278 7.21%
    Refi 50 $16,710,000 $334,200 $7,665 6.68%

    For 2023, Network Funding L.p.'s most frequently cited loan purpose was Home Purchase, with 2,342 originations. The 2nd most popular reason was Cash Out Refi, with 338 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,630 $805,850,000 $306,407 $9,625 6.67%
    15 Year 70 $24,850,000 $355,000 $7,966 5.74%
    20 Year 17 $4,825,000 $283,824 $4,731 4.71%
    10 Year 9 $55,000 $6,111 $0 0.00%
    Other 4 $1,020,000 $255,000 $5,423 7.63%

    For 2023, Network Funding L.p.'s most frequently cited loan duration was 30 Year, with 2,630 originations. The 2nd most popular length was 15 Year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,042 $393,890,000 $378,013
    $1k-2k 592 $179,430,000 $303,091
    $3k-4k 334 $84,330,000 $252,485
    $2k-3k 295 $74,115,000 $251,237
    $4k-5k 280 $77,860,000 $278,071
    $<1k 185 $26,785,000 $144,784

    Network Funding L.p.'s average total fees were $9,625, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,042 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,307 $410,825,000 $314,327
    7-8% 882 $262,670,000 $297,812
    5-6% 409 $139,335,000 $340,672
    Over 8% 58 $15,350,000 $264,655
    <2.5% 56 $670,000 $11,964
    4-5% 18 $7,750,000 $430,556

    During 2023, Network Funding L.p.'s average interest rate for loans was 6.67%, while their most frequently originated rate bucket for loans was 6-7%, with 1,307 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,392 $407,230,000 $292,550 $10,013 6.73%
    $100k-200k 546 $85,050,000 $155,769 $6,250 6.85%
    $400k-600k 474 $224,570,000 $473,776 $12,585 6.64%
    $100,000 or less 165 $7,545,000 $45,727 $2,012 4.70%
    $600k-1MM 142 $98,070,000 $690,634 $14,182 6.76%
    $1MM+ 11 $14,135,000 $1,285,000 $28,097 6.23%

    2023 saw Network Funding L.p. place emphasis on $200k-400k loans with 1,392 originations, totaling $407,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 723 $221,355,000 $306,162 $10,179 6.71%
    $150k-250k 560 $225,690,000 $403,018 $10,686 6.81%
    $75k-100k 535 $133,515,000 $249,561 $9,477 6.54%
    $50k-75k 454 $87,760,000 $193,304 $7,262 6.27%
    $250k+ 307 $147,525,000 $480,537 $11,251 6.89%
    $50k or less 145 $18,835,000 $129,897 $5,397 6.19%

    Network Funding L.p. lent most frequently to those with incomes in the $100k-150k range, with 723 originations. The second most popular income band? $150k-250k, with 560 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 408 $127,640,000 $312,843 $8,475 6.71%
    50-60% 329 $102,035,000 $310,137 $12,897 6.49%
    20-30% 313 $97,725,000 $312,220 $8,715 6.62%
    49% 168 $48,630,000 $289,464 $9,186 6.51%
    44% 141 $42,635,000 $302,376 $9,013 6.85%
    42% 131 $35,545,000 $271,336 $8,715 6.62%
    40% 119 $36,575,000 $307,353 $9,243 6.32%
    48% 115 $34,575,000 $300,652 $9,551 6.65%
    43% 115 $37,095,000 $322,565 $9,996 6.62%
    46% 111 $33,965,000 $305,991 $9,257 6.69%
    47% 102 $29,630,000 $290,490 $9,530 6.67%
    39% 101 $31,505,000 $311,931 $8,458 6.65%
    38% 100 $30,750,000 $307,500 $8,928 6.64%
    41% 99 $31,775,000 $320,960 $10,028 6.64%
    37% 96 $29,050,000 $302,604 $9,162 6.53%
    45% 93 $26,285,000 $282,634 $9,906 6.63%
    <20% 91 $28,485,000 $313,022 $8,049 6.83%
    36% 83 $26,595,000 $320,422 $9,095 6.45%
    >60% 13 $5,725,000 $440,385 $15,288 6.05%

    Network Funding L.p. lent most frequently to those with DTI ratios of 30-36%, with 408 originations. The next most common DTI ratio? 50-60%, with 329 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,920 $577,280,000 $300,667 $9,420 6.67%
    Not provided 468 $146,220,000 $312,436 $9,773 6.56%
    Black 188 $55,840,000 $297,021 $10,205 6.24%
    Asian 135 $49,215,000 $364,556 $8,917 6.56%
    American Indian 9 $3,335,000 $370,556 $11,043 6.84%
    Asian Indian 6 $2,480,000 $413,333 $8,469 6.85%
    Native Hawaiian or Islander 3 $1,725,000 $575,000 $15,091 6.83%
    Korean 1 $505,000 $505,000 $5,382 6.88%

    Approval Rates

    Total approvals of all applications
    90.36%

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

    Pick Rate

    Approvals leading to origination
    47.77%

    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 2,730 $836,600,000 $306,447

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,730 $836,600,000 $306,447

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 123 $20,725,000 $168,496 $5,519 6.96%
    40-60% 271 $66,895,000 $246,845 $7,265 6.88%
    60-80% 662 $224,260,000 $338,761 $9,090 6.88%
    80-100% 1,511 $501,355,000 $331,803 $10,716 6.66%
    Over 100% 55 $19,735,000 $358,818 $18,502 6.21%
    Under 20% 106 $3,250,000 $30,660 $771 3.42%