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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Houston, Austin, Salt Lake City, Dallas, and San Antonio among others. Network Funding L.p. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Network Funding L.p. is typically a high fee lendor.


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 rate mortgage of loans were 3.19%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.04%.

Relative Fees

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

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

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Network Funding L.p.'s most frequently originated loan type of loans were Conventional, with 6,545 originations. Their 2nd most popular type is FHA, with 1,167 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Network Funding L.p.'s most frequently cited loan purpose of loans were Home Purchase, with 4,814 originations. The 2nd most popular reason of loans were 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 the 2021, Network Funding L.p.'s most frequently cited loan length of loans were 30 Year, with 6,986 originations. The 2nd most popular length of loans were 15 Year, with 877 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 4,790 $1,366,920,000 $285,370
$2k-3k 1,257 $350,635,000 $278,946
$3k-4k 1,097 $333,955,000 $304,426
$5k+ 754 $300,830,000 $398,979
$<1k 285 $33,075,000 $116,053

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

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 4,156 $1,224,170,000 $294,555
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

During 2021, Network Funding L.p.'s average interest rate of loans were 3.19%, while their most frequently originated rate bucket of loans were 3-4%, with 4,156 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 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
94.26%

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

Pick Rate

Approvals leading to origination
59.05%

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%