Network Funding L.p. Mortgage Rates, Fees & Info
Dallas, TXLEI: 254900QRD0ZXHH08TX87
Tax ID: 76-0561995
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.73% | 4/25/24 |
| 30 Year Conventional Refi | 6.75% | 4/25/24 |
| 30 Year Cash-out Refi | 6.92% | 4/25/24 |
| 30 Year FHA Purchase | 7.63% | 4/25/24 |
| 30 Year FHA Refi | 7.22% | 4/25/24 |
| 30 Year VA Purchase | 6.37% | 4/25/24 |
| 30 Year VA Refi | 6.65% | 4/25/24 |
| 30 Year USDA Purchase | 6.84% | 4/25/24 |
| 15 Year Conventional Purchase | 6.18% | 4/25/24 |
| 15 Year Conventional Refi | 6.04% | 4/25/24 |
| 15 Year Cash-out Refi | 6.04% | 4/25/24 |
| 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
2,730Origination Dollar Volume (All Markets)
$836,600,000Awards
Network Funding L.P. - 2023
Network Funding L.P. is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications90.36%
Network Funding L.p. has an average approval rate.
Pick Rate
Approvals leading to origination47.77%
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 |