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 Home Purchase and Cash Out Refi 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, Washington, Sacramento, and Atlanta among others. We have data for 42 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.09% | 12/16/24 |
| 30 Year Conventional Refi | 6.69% | 12/16/24 |
| 30 Year Cash-out Refi | 6.99% | 12/16/24 |
| 30 Year FHA Purchase | 7.01% | 12/16/24 |
| 15 Year Conventional Purchase | 6.08% | 12/16/24 |
| 15 Year Conventional Refi | 5.83% | 12/16/24 |
| 15 Year Cash-out Refi | 5.83% | 12/16/24 |
| 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. | ||
Nmsi Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,690Origination Dollar Volume (All Markets)
$1,047,540,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1,716 | $738,020,000 | $430,082 | $6,646 | 4.82% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 400 | $127,190,000 | $317,975 | $5,831 | 4.91% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 117 | $40,585,000 | $346,880 | $5,757 | 4.89% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 91 | $25,375,000 | $278,846 | $4,035 | 4.81% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 101 | $23,075,000 | $228,465 | $3,878 | 4.80% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 45 | $19,785,000 | $439,667 | $6,713 | 4.81% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 26 | $15,340,000 | $590,000 | $5,804 | 4.81% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 30 | $14,240,000 | $474,667 | $7,470 | 4.98% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 39 | $10,775,000 | $276,282 | $4,834 | 4.85% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 32 | $8,170,000 | $255,313 | $6,823 | 5.01% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 12 | $3,960,000 | $330,000 | $4,585 | 4.96% |
| STOCKTON, CA (FHA|USDA|VA) | 8 | $2,920,000 | $365,000 | $5,112 | 4.83% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 11 | $2,185,000 | $198,636 | $5,050 | 5.10% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $5,916 | 5.00% |
| SALINAS, CA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $5,745 | 4.88% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $4,112 | 4.95% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $3,670 | 4.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $5,632 | 4.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $6,637 | 4.71% |
| Outside of Metro Areas | 4 | $780,000 | $195,000 | $3,945 | 5.16% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $3,327 | 4.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $8,111 | 5.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $6,255 | 4.94% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,154 | 4.71% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $4,564 | 4.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,974 | 5.38% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,593 | 5.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,769 | 5.31% |
| NAPA, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,380 | 5.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,891 | 5.50% |
| MERCED, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,901 | 4.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,737 | 4.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,861 | 4.13% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,758 | 5.00% |
| MADERA, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,660 | 5.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,031 | 3.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,406 | 4.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,933 | 4.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,439 | 5.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,359 | 4.88% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,639 | 5.13% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,454 | 5.25% |
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 | 2,637 | $1,028,415,000 | $389,994 | $6,121 | 4.85% |
| FHA | 53 | $19,125,000 | $360,849 | $10,897 | 4.67% |
For 2018, Nmsi's most frequently originated type of loan was Conventional, with 2,637 originations. Their 2nd most popular type was FHA, with 53 originations.
Loan Reason
For 2018, Nmsi's most frequently cited loan purpose was Home Purchase, with 1,716 originations. The 2nd most popular reason was Cash Out Refi, with 654 originations.
Loan Duration/Length
For 2018, Nmsi's most frequently cited loan duration was 30 Year, with 2,537 originations. The 2nd most popular length was 15 Year, with 113 originations.
Origination Fees/Closing Costs
Nmsi's average total fees were $6,311, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,349 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,822 | $718,350,000 | $394,265 |
| 5-6% | 729 | $282,815,000 | $387,949 |
| 3-4% | 111 | $39,855,000 | $359,054 |
| 6-7% | 25 | $5,795,000 | $231,800 |
| 7-8% | 3 | $725,000 | $241,667 |
During 2018, Nmsi's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 4-5%, with 1,822 originations.
Loan Sizing
2018 saw Nmsi place emphasis on $200k-400k loans with 1,193 originations, totaling $361,825,000 in origination value.
Applicant Income
Nmsi lent most frequently to those with incomes in the $50k or less range, with 2,661 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
Nmsi lent most frequently to those with DTI ratios of 49%, with 285 originations. The next most common DTI ratio? 30-36%, with 282 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 | 2,690 | $1,047,540,000 | $389,420 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,690 | $1,047,540,000 | $389,420 |