Nmsi Mortgage Rates, Fees & Info
LOS ANGELES, CALEI: 549300DCGBXW5FJMV921
Tax ID: 26-3874984
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Mortgage Data
Review & Overview
Nmsi is a small mortgage company specializing in loans. Nmsi has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, San Diego, and Sacramento among others. We have data for 95 markets. (Some data included below & more in-depth data is available with an active subscription.)Nmsi has an above average approval rate when compared to the average across all lenders. Nmsi 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 | 7.09% | 3/30/23 |
| 30 Year Conventional Refi | 6.69% | 3/30/23 |
| 30 Year Cash-out Refi | 6.99% | 3/30/23 |
| 30 Year FHA Purchase | 7.01% | 3/30/23 |
| 15 Year Conventional Purchase | 6.08% | 3/30/23 |
| 15 Year Conventional Refi | 5.83% | 3/30/23 |
| 15 Year Cash-out Refi | 5.83% | 3/30/23 |
| 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. | ||
Originations
3,065Origination Dollar Volume (All Markets)
$1,649,705,000Awards
NMSI - 2022
NMSI is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Nmsi's average 30 year fixed mortgage rate was
5.29%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.53%.
Relative Fees (Closing Costs)
Nmsi's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,695.
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 $4,750.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1,375 | $839,285,000 | $610,389 | $11,333 | 5.15% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 641 | $308,165,000 | $480,757 | $10,579 | 5.08% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 223 | $153,835,000 | $689,843 | $13,430 | 5.40% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 110 | $61,520,000 | $559,273 | $8,926 | 5.19% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 98 | $41,140,000 | $419,796 | $8,706 | 5.33% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 118 | $39,870,000 | $337,881 | $7,113 | 4.98% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 54 | $38,320,000 | $709,630 | $7,948 | 5.19% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 37 | $21,195,000 | $572,838 | $7,532 | 4.89% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 24 | $13,690,000 | $570,417 | $9,310 | 5.49% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 29 | $10,975,000 | $378,448 | $11,610 | 5.94% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 32 | $9,400,000 | $293,750 | $6,776 | 5.45% |
| VALLEJO, CA (FHA|USDA|VA) | 19 | $8,355,000 | $439,737 | $8,339 | 5.84% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 21 | $7,705,000 | $366,905 | $7,228 | 5.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 21 | $7,495,000 | $356,905 | $9,265 | 6.35% |
| STOCKTON, CA (FHA|USDA|VA) | 15 | $7,405,000 | $493,667 | $10,251 | 5.56% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 27 | $7,245,000 | $268,333 | $8,426 | 6.07% |
| FRESNO, CA (FHA|USDA|VA) | 20 | $6,810,000 | $340,500 | $8,212 | 5.24% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 19 | $5,315,000 | $279,737 | $6,526 | 5.01% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 11 | $4,385,000 | $398,636 | $8,019 | 6.17% |
| MODESTO, CA (FHA|USDA|VA) | 8 | $3,280,000 | $410,000 | $7,460 | 5.97% |
| MERCED, CA (FHA|USDA|VA) | 8 | $2,900,000 | $362,500 | $7,415 | 5.86% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 10 | $2,800,000 | $280,000 | $9,720 | 5.69% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $2,350,000 | $391,667 | $9,682 | 5.37% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $2,250,000 | $562,500 | $9,098 | 5.25% |
| Outside of Metro Areas | 7 | $2,105,000 | $300,714 | $6,322 | 5.91% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $13,418 | 7.66% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $17,801 | 6.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,680,000 | $420,000 | $11,533 | 4.69% |
| NAPA, CA (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $4,057 | 4.28% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,565,000 | $521,667 | $10,716 | 4.54% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $10,391 | 5.84% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $8,113 | 5.17% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $5,747 | 5.84% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $10,221 | 5.81% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $7,756 | 7.48% |
| VISALIA, CA (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $4,976 | 6.16% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $14,373 | 4.25% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $6,251 | 5.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $9,308 | 5.66% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $7,062 | 5.67% |
| Jefferson, GA (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $8,444 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $8,288 | 5.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $15,423 | 5.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $5,336 | 3.94% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $7,885 | 5.13% |
| REDDING, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $8,094 | 3.69% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $11,314 | 7.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $10,224 | 7.67% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $9,577 | 4.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,326 | 4.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $7,779 | 6.31% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $7,315 | 5.19% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $6,566 | 4.19% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,334 | 4.19% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,852 | 5.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,951 | 4.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,641 | 6.75% |
| MADERA, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,324 | 4.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,409 | 5.75% |
| RENO, NV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,410 | 4.63% |
| Hailey, ID (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,770 | 5.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,926 | 4.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,778 | 8.88% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,710 | 7.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,504 | 4.00% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,392 | 4.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,531 | 4.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,210 | 5.88% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,043 | 7.63% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,629 | 6.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,824 | 4.88% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,659 | 8.88% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,498 | 8.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,132 | 6.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,356 | 5.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,776 | 6.75% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,242 | 3.88% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,061 | 4.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,629 | 5.75% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,101 | 7.06% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,774 | 3.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,839 | 7.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,115 | 3.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,525 | 9.50% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,110 | 3.13% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,652 | 6.63% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,303 | 5.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,510 | 8.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,797 | 9.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,809 | 8.25% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,221 | 11.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,492 | 9.00% |
| SALEM, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,401 | 8.50% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,590 | 10.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,768 | 10.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against NMSI 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 3,050 | $1,642,570,000 | $538,548 | $10,481 | 5.23% |
| FHA | 15 | $7,135,000 | $475,667 | $15,776 | 4.83% |
For 2022, Nmsi's most frequently originated type of loan was Conventional, with 3,050 originations. Their 2nd most popular type was FHA, with 15 originations.
Loan Reason
For 2022, Nmsi's most frequently cited loan purpose was Home Purchase, with 2,028 originations. The 2nd most popular reason was Cash Out Refi, with 708 originations.
Loan Duration/Length
For 2022, Nmsi's most frequently cited loan duration was 30 Year, with 2,944 originations. The 2nd most popular length was 15 Year, with 93 originations.
Origination Fees/Closing Costs
Nmsi's average total fees were $10,695, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,645 originations.
Interest Rates
During 2022, Nmsi's average interest rate for loans was 5.29%, while their most frequently originated rate bucket for loans was 5-6%, with 769 originations.
Loan Sizing
2022 saw Nmsi place emphasis on $400k-600k loans with 1,038 originations, totaling $519,530,000 in origination value.
Applicant Income
Nmsi lent most frequently to those with incomes in the $50k or less range, with 3,011 originations. The second most popular income band? $50k-75k, with 31 originations.
Applicant Debt to Income Ratio
Nmsi lent most frequently to those with DTI ratios of 30-36%, with 373 originations. The next most common DTI ratio? 20-30%, with 276 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Nmsi has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,065 | $1,649,705,000 | $538,240 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,065 | $1,649,705,000 | $538,240 |