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 small 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, Austin, Dallas, Salt Lake City, and San Antonio among others. We have data for 150 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 | 6.73% | 4/22/24 |
| 30 Year Conventional Refi | 6.75% | 4/22/24 |
| 30 Year Cash-out Refi | 6.92% | 4/22/24 |
| 30 Year FHA Purchase | 7.63% | 4/22/24 |
| 30 Year FHA Refi | 7.22% | 4/22/24 |
| 30 Year VA Purchase | 6.37% | 4/22/24 |
| 30 Year VA Refi | 6.65% | 4/22/24 |
| 30 Year USDA Purchase | 6.84% | 4/22/24 |
| 15 Year Conventional Purchase | 6.18% | 4/22/24 |
| 15 Year Conventional Refi | 6.04% | 4/22/24 |
| 15 Year Cash-out Refi | 6.04% | 4/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,604Origination Dollar Volume (All Markets)
$1,417,290,000Awards
Network Funding L.P. - 2019
Network Funding L.P. is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 1,914 | $481,160,000 | $251,390 | $6,107 | 4.26% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 720 | $229,920,000 | $319,333 | $6,022 | 4.05% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 486 | $127,210,000 | $261,749 | $5,296 | 4.25% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 420 | $109,460,000 | $260,619 | $5,887 | 4.23% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 325 | $73,805,000 | $227,092 | $7,016 | 4.21% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 152 | $45,100,000 | $296,711 | $7,401 | 4.11% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 230 | $44,650,000 | $194,130 | $4,772 | 4.29% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 145 | $35,345,000 | $243,759 | $5,936 | 4.19% |
| COLUMBIA, SC (FHA|USDA|VA) | 155 | $34,215,000 | $220,742 | $4,158 | 4.27% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 99 | $23,125,000 | $233,586 | $5,843 | 4.32% |
| Outside of Metro Areas | 89 | $19,925,000 | $223,876 | $5,123 | 4.27% |
| PROVO-OREM, UT (FHA|USDA|VA) | 62 | $17,750,000 | $286,290 | $6,791 | 4.19% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 69 | $15,875,000 | $230,072 | $5,281 | 4.15% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 49 | $9,255,000 | $188,878 | $6,055 | 4.73% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 29 | $8,985,000 | $309,828 | $8,289 | 4.54% |
| SPARTANBURG, SC (FHA|USDA|VA) | 43 | $8,195,000 | $190,581 | $4,529 | 4.26% |
| BATON ROUGE, LA (FHA|USDA|VA) | 34 | $6,510,000 | $191,471 | $5,387 | 4.54% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 26 | $6,080,000 | $233,846 | $6,776 | 4.34% |
| WACO, TX (FHA|USDA|VA) | 21 | $5,385,000 | $256,429 | $5,847 | 4.32% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 20 | $4,870,000 | $243,500 | $6,234 | 4.22% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 18 | $4,770,000 | $265,000 | $5,523 | 4.83% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 23 | $4,615,000 | $200,652 | $4,344 | 4.18% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 27 | $4,475,000 | $165,741 | $5,546 | 4.59% |
| GREELEY, CO (FHA|USDA|VA) | 15 | $3,675,000 | $245,000 | $6,517 | 3.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 16 | $3,550,000 | $221,875 | $5,388 | 4.18% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 13 | $3,205,000 | $246,538 | $6,805 | 4.21% |
| GAINESVILLE, GA (FHA|USDA|VA) | 16 | $3,150,000 | $196,875 | $6,990 | 3.95% |
| Heber, UT (FHA|USDA|VA) | 8 | $3,070,000 | $383,750 | $8,060 | 4.05% |
| LAWTON, OK (FHA|USDA|VA) | 21 | $3,025,000 | $144,048 | $4,463 | 4.52% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 12 | $2,910,000 | $242,500 | $6,587 | 4.44% |
| AMARILLO, TX (FHA|USDA|VA) | 15 | $2,905,000 | $193,667 | $6,260 | 4.38% |
| MIDLAND, TX (FHA|USDA|VA) | 11 | $2,765,000 | $251,364 | $6,211 | 4.28% |
| ST. GEORGE, UT (FHA|USDA|VA) | 8 | $2,230,000 | $278,750 | $4,442 | 4.89% |
| Vernon, TX (FHA|USDA|VA) | 20 | $2,230,000 | $111,500 | $5,136 | 4.57% |
| Fredericksburg, TX (FHA|USDA|VA) | 6 | $2,170,000 | $361,667 | $4,856 | 4.21% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 12 | $1,930,000 | $160,833 | $6,187 | 4.55% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $4,474 | 3.34% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 11 | $1,875,000 | $170,455 | $6,014 | 4.36% |
| Seneca, SC (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $4,980 | 4.14% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $4,641 | 4.34% |
| Newberry, SC (FHA|USDA|VA) | 9 | $1,685,000 | $187,222 | $3,833 | 4.33% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 7 | $1,605,000 | $229,286 | $5,670 | 4.52% |
| Huntsville, TX (FHA|USDA|VA) | 7 | $1,465,000 | $209,286 | $7,411 | 4.89% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $6,181 | 4.08% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $4,253 | 4.72% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 6 | $1,370,000 | $228,333 | $4,097 | 4.17% |
| Brenham, TX (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $6,068 | 4.00% |
| El Campo, TX (FHA|USDA|VA) | 8 | $1,230,000 | $153,750 | $7,135 | 4.33% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $4,423 | 4.27% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $11,887 | 4.08% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 6 | $1,100,000 | $183,333 | $7,775 | 4.35% |
| LUBBOCK, TX (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $4,104 | 4.27% |
| Athens, TX (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $3,917 | 3.91% |
| Granbury, TX (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $6,685 | 3.50% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $9,454 | 3.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $13,840 | 3.75% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,530 | 4.19% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $5,441 | 4.63% |
| EL PASO, TX (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $4,323 | 4.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $7,119 | 4.00% |
| Stephenville, TX (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $4,805 | 4.50% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 9 | $715,000 | $79,444 | $2,898 | 4.36% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $6,827 | 3.81% |
| Jefferson, GA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $7,054 | 4.67% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $7,557 | 4.50% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,340 | 3.81% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $7,953 | 3.94% |
| Palestine, TX (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $7,582 | 4.46% |
| ABILENE, TX (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $4,892 | 4.58% |
| Bonham, TX (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,868 | 3.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,272 | 4.13% |
| TYLER, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,405 | 3.71% |
| Dublin, GA (FHA|USDA|VA) | 5 | $545,000 | $109,000 | $4,831 | 4.83% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $6,761 | 4.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,125 | 4.50% |
| Eagle Pass, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,333 | 4.06% |
| Dumas, TX (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $5,366 | 4.67% |
| ODESSA, TX (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $5,112 | 4.46% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,582 | 4.56% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,033 | 4.18% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,184 | 3.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $3,852 | 3.88% |
| Cookeville, TN (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $4,065 | 4.19% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,049 | 4.56% |
| Durango, CO (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,097 | 3.81% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,047 | 4.19% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $2,626 | 4.75% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,300 | 4.44% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,123 | 4.63% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,975 | 4.63% |
| Rockport, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,928 | 4.13% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,979 | 4.63% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,640 | 4.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,881 | 4.38% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,346 | 4.13% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,813 | 3.25% |
| RACINE, WI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,775 | 4.38% |
| Altus, OK (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,687 | 5.13% |
| Alice, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,732 | 4.31% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,302 | 5.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,840 | 4.87% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,790 | 3.75% |
| Duncan, OK (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,758 | 5.00% |
| VICTORIA, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,071 | 4.94% |
| Jacksonville, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,404 | 4.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,770 | 3.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,550 | 4.50% |
| Andrews, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,337 | 4.06% |
| Lufkin, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,504 | 5.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,787 | 3.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,751 | 5.31% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,148 | 3.88% |
| Crossville, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,171 | 4.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,026 | 4.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,909 | 4.38% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,018 | 3.25% |
| Searcy, AR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,061 | 3.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,365 | 5.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,765 | 4.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,185 | 5.38% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,907 | 4.50% |
| READING, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,640 | 3.99% |
| Bay City, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,565 | 4.13% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,210 | 4.63% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,962 | 4.37% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,027 | 4.25% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,292 | 4.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,785 | 4.25% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,335 | 3.88% |
| Española, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,265 | 3.88% |
| TULSA, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,106 | 3.99% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,957 | 5.06% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,644 | 5.13% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,331 | 4.75% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,059 | 4.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,740 | 3.75% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,073 | 3.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,764 | 4.25% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,117 | 5.13% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,841 | 4.13% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,679 | 4.38% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,063 | 4.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,562 | 4.50% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,747 | 4.75% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,332 | 4.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,514 | 4.00% |
| Price, UT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,135 | 5.25% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,686 | 3.88% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,309 | 5.50% |
| Palatka, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,479 | 4.75% |
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 2019, Network Funding L.p.'s most frequently originated type of loan was Conventional, with 4,108 originations. Their 2nd most popular type was FHA, with 1,172 originations.
Loan Reason
For 2019, Network Funding L.p.'s most frequently cited loan purpose was Home Purchase, with 3,928 originations. The 2nd most popular reason was Refi, with 850 originations.
Loan Duration/Length
For 2019, Network Funding L.p.'s most frequently cited loan duration was 30 Year, with 4,920 originations. The 2nd most popular length was 15 Year, with 481 originations.
Origination Fees/Closing Costs
Network Funding L.p.'s average total fees were $6,102, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,027 originations.
Interest Rates
During 2019, Network Funding L.p.'s average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 4-5%, with 2,500 originations.
Loan Sizing
2019 saw Network Funding L.p. place emphasis on $200k-400k loans with 3,033 originations, totaling $843,385,000 in origination value.
Applicant Income
Network Funding L.p. lent most frequently to those with incomes in the $50k-75k range, with 1,400 originations. The second most popular income band? $100k-150k, with 1,227 originations.
Applicant Debt to Income Ratio
Network Funding L.p. lent most frequently to those with DTI ratios of 20-30%, with 946 originations. The next most common DTI ratio? 30-36%, with 892 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.42%
Network Funding L.p. has an average approval rate.
Pick Rate
Approvals leading to origination56.87%
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 | 5,604 | $1,417,290,000 | $252,907 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $590,000 | $147,500 |
| Single Family (1-4 Units):Site-Built | 5,600 | $1,416,700,000 | $252,982 |