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, Jacksonville, and Riverside among others. We have data for 117 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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.73% | 12/17/24 |
| 30 Year Conventional Refi | 6.75% | 12/17/24 |
| 30 Year Cash-out Refi | 6.92% | 12/17/24 |
| 30 Year FHA Purchase | 7.63% | 12/17/24 |
| 30 Year FHA Refi | 7.22% | 12/17/24 |
| 30 Year VA Purchase | 6.37% | 12/17/24 |
| 30 Year VA Refi | 6.65% | 12/17/24 |
| 30 Year USDA Purchase | 6.84% | 12/17/24 |
| 15 Year Conventional Purchase | 6.18% | 12/17/24 |
| 15 Year Conventional Refi | 6.04% | 12/17/24 |
| 15 Year Cash-out Refi | 6.04% | 12/17/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,791Origination Dollar Volume (All Markets)
$409,625,000Top 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) | 700 | $156,620,000 | $223,743 | $0 | 4.95% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 170 | $42,640,000 | $250,824 | $0 | 4.90% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 141 | $41,225,000 | $292,376 | $0 | 4.72% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 86 | $18,590,000 | $216,163 | $0 | 4.77% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 62 | $16,410,000 | $264,677 | $0 | 4.60% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 79 | $14,255,000 | $180,443 | $0 | 4.97% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 55 | $12,395,000 | $225,364 | $0 | 4.96% |
| COLUMBIA, SC (FHA|USDA|VA) | 55 | $10,415,000 | $189,364 | $0 | 5.02% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 40 | $9,710,000 | $242,750 | $0 | 4.70% |
| Outside of Metro Areas | 38 | $7,740,000 | $203,684 | $0 | 4.99% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 19 | $6,655,000 | $350,263 | $0 | 4.78% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 34 | $6,310,000 | $185,588 | $0 | 4.78% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 21 | $6,295,000 | $299,762 | $0 | 4.99% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 33 | $5,445,000 | $165,000 | $0 | 4.53% |
| SPARTANBURG, SC (FHA|USDA|VA) | 17 | $2,895,000 | $170,294 | $0 | 5.04% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $2,255,000 | $451,000 | $0 | 4.83% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $1,895,000 | $379,000 | $0 | 4.48% |
| Huntsville, TX (FHA|USDA|VA) | 9 | $1,825,000 | $202,778 | $0 | 4.96% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 9 | $1,695,000 | $188,333 | $0 | 4.86% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $0 | 4.98% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $0 | 5.43% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 10 | $1,460,000 | $146,000 | $0 | 5.06% |
| BATON ROUGE, LA (FHA|USDA|VA) | 9 | $1,425,000 | $158,333 | $0 | 5.06% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $0 | 5.00% |
| LAWTON, OK (FHA|USDA|VA) | 10 | $1,350,000 | $135,000 | $0 | 5.00% |
| MIDLAND, TX (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $0 | 4.90% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $0 | 4.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 6 | $1,100,000 | $183,333 | $0 | 4.92% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $0 | 4.63% |
| Vernon, TX (FHA|USDA|VA) | 8 | $1,030,000 | $128,750 | $0 | 4.97% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $0 | 4.67% |
| WACO, TX (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $0 | 4.97% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $0 | 4.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 5.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $0 | 4.79% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $0 | 5.25% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $0 | 5.17% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $0 | 5.22% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 4.88% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 5.18% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $0 | 5.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $0 | 4.69% |
| Newberry, SC (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 4.94% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 5.19% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 4.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 5.38% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 4.56% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 4.50% |
| CHICO, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 4.50% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 5.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 5.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 4.63% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 4.75% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 4.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 4.56% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 4.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 5.50% |
| Holland, MI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 4.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 3.75% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 4.75% |
| Altus, OK (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 5.04% |
| Athens, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 5.06% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 4.13% |
| AMARILLO, TX (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 5.08% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 4.81% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.75% |
| Sonora, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.63% |
| Seneca, SC (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 4.96% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 5.25% |
| Rockport, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 4.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 5.19% |
| Lufkin, TX (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 5.04% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 4.63% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 5.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.38% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.99% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.38% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.63% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.38% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.63% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 5.00% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.13% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.25% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.88% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.75% |
| MERCED, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.25% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.88% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.88% |
| Bay City, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.38% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.63% |
| El Campo, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.63% |
| RACINE, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.50% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.50% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.38% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.63% |
| Duncan, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.99% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.88% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 5.00% |
| Paris, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.13% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.75% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.38% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.38% |
| Shelton, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.63% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.88% |
| Levelland, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.75% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.25% |
| Beeville, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.63% |
| TYLER, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.88% |
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 2018, Network Funding L.p.'s most frequently originated type of loan was Conventional, with 1,290 originations. Their 2nd most popular type was FHA, with 395 originations.
Loan Reason
For 2018, Network Funding L.p.'s most frequently cited loan purpose was Home Purchase, with 1,441 originations. The 2nd most popular reason was Cash Out Refi, with 264 originations.
Loan Duration/Length
For 2018, Network Funding L.p.'s most frequently cited loan duration was 30 Year, with 1,629 originations. The 2nd most popular length was 15 Year, with 115 originations.
Origination Fees/Closing Costs
Network Funding L.p.'s average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,122 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,121 | $273,605,000 | $244,072 |
| 5-6% | 578 | $117,160,000 | $202,699 |
| 3-4% | 61 | $15,285,000 | $250,574 |
| 6-7% | 21 | $3,495,000 | $166,429 |
| <2.5% | 6 | $50,000 | $8,333 |
During 2018, Network Funding L.p.'s average interest rate for loans was 4.94%, while their most frequently originated rate bucket for loans was 4-5%, with 1,121 originations.
Loan Sizing
2018 saw Network Funding L.p. place emphasis on $100k-200k loans with 773 originations, totaling $116,345,000 in origination value.
Applicant Income
Network Funding L.p. lent most frequently to those with incomes in the $50k-75k range, with 445 originations. The second most popular income band? $100k-150k, with 372 originations.
Applicant Debt to Income Ratio
Network Funding L.p. lent most frequently to those with DTI ratios of 30-36%, with 4 originations. The next most common DTI ratio? 20-30%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.93%
Network Funding L.p. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination69.63%
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 | 1,791 | $409,625,000 | $228,713 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $210,000 | $105,000 |
| Single Family (1-4 Units):Site-Built | 1,789 | $409,415,000 | $228,851 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NETWORK FUNDING, L.P. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |