Nmsi Mortgage Rates, Fees & Info

LOS ANGELES, CA

LEI: 549300DCGBXW5FJMV921

Tax ID: 26-3874984

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Mortgage Data

Review & Overview

Nmsi is a mid-sized mortgage company specializing in Refi and Home Purchase 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, San Francisco, Riverside, Seattle, and San Diego among others. We have data for 104 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.

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% 3/28/24
30 Year Conventional Refi 6.69% 3/28/24
30 Year Cash-out Refi 6.99% 3/28/24
30 Year FHA Purchase 7.01% 3/28/24
15 Year Conventional Purchase 6.08% 3/28/24
15 Year Conventional Refi 5.83% 3/28/24
15 Year Cash-out Refi 5.83% 3/28/24
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






Your Estimates

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This is not an official calculator from Nmsi. 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

9,563

Origination Dollar Volume (All Markets)

$4,135,615,000
Show all (6) awards

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) 4,369 $1,977,715,000 $452,670 $7,518 3.18%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 714 $387,290,000 $542,423 $12,028 3.72%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1,066 $367,040,000 $344,315 $7,448 3.38%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 565 $293,435,000 $519,354 $5,588 3.15%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 501 $233,255,000 $465,579 $8,487 3.02%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 372 $213,770,000 $574,651 $9,455 3.09%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 517 $187,905,000 $363,453 $5,966 3.18%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 333 $109,975,000 $330,255 $6,278 3.43%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 195 $52,735,000 $270,436 $4,337 3.14%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 121 $38,955,000 $321,942 $5,575 3.05%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 70 $34,200,000 $488,571 $8,798 3.18%
STOCKTON, CA (FHA|USDA|VA) 92 $34,130,000 $370,978 $10,521 4.46%
VALLEJO, CA (FHA|USDA|VA) 62 $23,240,000 $374,839 $10,001 4.23%
Outside of Metro Areas 60 $21,730,000 $362,167 $7,926 3.37%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 68 $20,540,000 $302,059 $6,748 3.47%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 22 $8,620,000 $391,818 $7,853 3.11%
BAKERSFIELD, CA (FHA|USDA|VA) 34 $8,480,000 $249,412 $10,919 3.70%
REDDING, CA (FHA|USDA|VA) 22 $6,220,000 $282,727 $9,306 4.59%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 14 $6,160,000 $440,000 $9,929 3.21%
MODESTO, CA (FHA|USDA|VA) 16 $4,980,000 $311,250 $9,309 4.32%
FRESNO, CA (FHA|USDA|VA) 18 $4,770,000 $265,000 $7,325 3.98%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 14 $4,650,000 $332,143 $10,315 3.56%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 17 $4,605,000 $270,882 $4,860 3.48%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $4,305,000 $287,000 $8,023 4.15%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 9 $4,195,000 $466,111 $10,071 3.19%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 13 $4,135,000 $318,077 $7,552 3.23%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $3,815,000 $423,889 $7,539 2.93%
Truckee-Grass Valley, CA (FHA|USDA|VA) 10 $3,770,000 $377,000 $9,310 3.08%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 13 $3,755,000 $288,846 $6,752 3.32%
MERCED, CA (FHA|USDA|VA) 13 $3,475,000 $267,308 $7,980 3.79%
URBAN HONOLULU, HI (FHA|USDA|VA) 6 $3,190,000 $531,667 $18,234 3.17%
SALINAS, CA (FHA|USDA|VA) 8 $3,050,000 $381,250 $10,278 3.33%
YUBA CITY, CA (FHA|USDA|VA) 11 $2,845,000 $258,636 $5,946 3.66%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $2,605,000 $372,143 $9,552 3.11%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 8 $2,500,000 $312,500 $6,212 2.97%
BELLINGHAM, WA (FHA|USDA|VA) 8 $2,490,000 $311,250 $10,656 3.14%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 9 $2,135,000 $237,222 $5,218 3.49%
RENO, NV (FHA|USDA|VA) 7 $2,125,000 $303,571 $9,528 3.52%
CHICO, CA (FHA|USDA|VA) 8 $2,110,000 $263,750 $8,322 4.84%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $2,020,000 $336,667 $12,602 3.77%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 5 $1,935,000 $387,000 $11,409 5.20%
MADERA, CA (FHA|USDA|VA) 7 $1,925,000 $275,000 $7,714 4.54%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 5 $1,915,000 $383,000 $9,739 3.53%
Clearlake, CA (FHA|USDA|VA) 6 $1,700,000 $283,333 $8,714 5.06%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $1,690,000 $845,000 $29,550 2.56%
RICHMOND, VA (FHA|USDA|VA) 6 $1,670,000 $278,333 $6,983 3.40%
Red Bluff, CA (FHA|USDA|VA) 5 $1,655,000 $331,000 $10,733 5.03%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 6 $1,280,000 $213,333 $5,300 2.75%
VISALIA, CA (FHA|USDA|VA) 4 $1,180,000 $295,000 $10,957 5.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,165,000 $233,000 $3,381 2.78%
Sonora, CA (FHA|USDA|VA) 3 $1,145,000 $381,667 $5,592 3.04%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $1,100,000 $275,000 $11,938 3.31%
NAPA, CA (FHA|USDA|VA) 3 $1,095,000 $365,000 $7,521 3.21%
Susanville, CA (FHA|USDA|VA) 5 $985,000 $197,000 $6,831 3.10%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $970,000 $161,667 $6,162 4.31%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $955,000 $318,333 $8,564 4.92%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $900,000 $225,000 $3,309 3.13%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $825,000 $275,000 $3,247 3.17%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $780,000 $390,000 $11,619 3.75%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $740,000 $370,000 $9,919 3.31%
EL CENTRO, CA (FHA|USDA|VA) 3 $665,000 $221,667 $7,413 2.83%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $665,000 $665,000 $26,815 3.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $655,000 $218,333 $10,457 3.13%
Shelton, WA (FHA|USDA|VA) 1 $515,000 $515,000 $15,566 5.75%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $515,000 $515,000 $3,885 2.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $515,000 $515,000 $3,171 3.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $515,000 $515,000 $4,779 2.88%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $510,000 $255,000 $4,621 3.06%
SALEM, OR (FHA|USDA|VA) 2 $500,000 $250,000 $9,095 3.44%
LYNCHBURG, VA (FHA|USDA|VA) 2 $480,000 $240,000 $7,997 3.06%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $420,000 $210,000 $5,602 3.50%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $390,000 $195,000 $2,169 3.75%
Jefferson, GA (FHA|USDA|VA) 1 $375,000 $375,000 $3,924 3.38%
LaGrange, GA-AL (FHA|USDA|VA) 2 $350,000 $175,000 $4,561 3.06%
SAVANNAH, GA (FHA|USDA|VA) 1 $345,000 $345,000 $3,664 2.88%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $330,000 $165,000 $6,497 3.25%
ROANOKE, VA (FHA|USDA|VA) 1 $325,000 $325,000 $7,399 2.63%
Durango, CO (FHA|USDA|VA) 1 $295,000 $295,000 $2,995 3.25%
GAINESVILLE, GA (FHA|USDA|VA) 1 $295,000 $295,000 $3,126 2.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $265,000 $265,000 $2,827 3.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $245,000 $245,000 $2,756 2.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $245,000 $245,000 $6,540 3.50%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,659 3.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,387 3.13%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $225,000 $225,000 $10,819 2.75%
FORT COLLINS, CO (FHA|USDA|VA) 1 $225,000 $225,000 $7,222 3.38%
ASHEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,692 2.88%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $215,000 $215,000 $3,165 2.63%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,994 3.00%
SPARTANBURG, SC (FHA|USDA|VA) 1 $185,000 $185,000 $7,895 3.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $175,000 $175,000 $6,585 3.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $165,000 $165,000 $6,978 3.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,053 3.13%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,781 3.50%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $155,000 $155,000 $5,868 2.63%
MOBILE, AL (FHA|USDA|VA) 1 $145,000 $145,000 $5,600 3.50%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $135,000 $135,000 $4,681 3.38%
Outside of Metro Areas 1 $135,000 $135,000 $5,630 2.38%
DALTON, GA (FHA|USDA|VA) 1 $135,000 $135,000 $4,670 3.50%
CARSON CITY, NV (FHA|USDA|VA) 1 $125,000 $125,000 $6,357 3.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,851 3.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $105,000 $105,000 $5,783 3.63%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $105,000 $105,000 $2,540 2.38%
Forest City, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,328 2.75%
Nmsi's top markets include Los Angeles, San Francisco, Riverside, Seattle, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9,418 $4,080,340,000 $433,249 $7,658 3.28%
    FHA 145 $55,275,000 $381,207 $12,629 2.90%

    For 2020, Nmsi's most frequently originated type of loan was Conventional, with 9,418 originations. Their 2nd most popular type was FHA, with 145 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 5,644 $2,472,390,000 $438,056 $6,788 3.02%
    Home Purchase 2,024 $912,420,000 $450,800 $10,322 4.01%
    Cash Out Refi 1,895 $750,805,000 $396,203 $7,783 3.26%

    For 2020, Nmsi's most frequently cited loan purpose was Refi, with 5,644 originations. The 2nd most popular reason was Home Purchase, with 2,024 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,201 $3,672,475,000 $447,808 $8,118 3.36%
    15 Year 972 $330,040,000 $339,547 $5,323 2.69%
    20 Year 340 $118,830,000 $349,500 $5,761 3.06%
    10 Year 49 $13,775,000 $281,122 $4,901 2.64%
    Other 1 $495,000 $495,000 $3,278 2.63%

    For 2020, Nmsi's most frequently cited loan duration was 30 Year, with 8,201 originations. The 2nd most popular length was 15 Year, with 972 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 4,368 $2,068,810,000 $473,629
    $1k-2k 2,972 $1,255,630,000 $422,487
    $2k-3k 1,074 $432,810,000 $402,989
    $4k-5k 568 $183,800,000 $323,592
    $3k-4k 405 $125,495,000 $309,864
    $<1k 176 $69,070,000 $392,443

    Nmsi's average total fees were $8,118, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 4,368 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,184 $1,775,830,000 $424,434
    2.5-3% 3,919 $1,753,465,000 $447,427
    5-6% 600 $273,290,000 $455,483
    <2.5% 535 $192,405,000 $359,636
    4-5% 315 $136,695,000 $433,952
    6-7% 10 $3,930,000 $393,000

    During 2020, Nmsi's average interest rate for loans was 3.36%, while their most frequently originated rate bucket for loans was 3-4%, with 4,184 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,958 $1,234,220,000 $311,829 $6,493 3.24%
    $400k-600k 3,651 $1,770,455,000 $484,923 $8,245 3.31%
    $600k-1MM 1,293 $909,925,000 $703,732 $10,288 3.31%
    $100k-200k 525 $84,935,000 $161,781 $5,028 3.26%
    $1MM+ 106 $133,860,000 $1,262,830 $17,392 3.22%
    $100,000 or less 30 $2,220,000 $74,000 $12,112 4.07%

    2020 saw Nmsi place emphasis on $200k-400k loans with 3,958 originations, totaling $1,234,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 9,516 $4,092,330,000 $430,047 $7,700 3.28%
    $50k-75k 33 $29,505,000 $894,091 $15,320 3.30%
    $100k-150k 6 $5,390,000 $898,333 $7,656 3.13%
    $75k-100k 6 $4,010,000 $668,333 $9,307 2.96%
    $250k+ 2 $4,380,000 $2,190,000 $35,420 3.00%

    Nmsi lent most frequently to those with incomes in the $50k or less range, with 9,516 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,817 $799,825,000 $440,190 $7,127 3.04%
    30-36% 1,751 $770,855,000 $440,237 $7,256 3.19%
    <20% 560 $235,870,000 $421,196 $7,285 2.99%
    42% 452 $200,590,000 $443,783 $8,738 3.56%
    44% 449 $186,225,000 $414,755 $8,020 3.46%
    43% 431 $182,025,000 $422,332 $8,085 3.49%
    41% 429 $189,725,000 $442,249 $8,417 3.63%
    49% 403 $158,885,000 $394,256 $7,041 3.20%
    40% 399 $184,545,000 $462,519 $8,799 3.61%
    39% 382 $169,810,000 $444,529 $8,197 3.47%
    38% 376 $156,720,000 $416,809 $8,228 3.46%
    48% 364 $149,800,000 $411,538 $6,931 3.25%
    36% 353 $158,365,000 $448,626 $9,245 3.33%
    45% 348 $148,400,000 $426,437 $9,048 3.39%
    37% 346 $153,180,000 $442,717 $7,949 3.34%
    46% 339 $145,765,000 $429,985 $7,740 3.29%
    47% 305 $123,315,000 $404,311 $7,260 3.27%
    50-60% 58 $21,270,000 $366,724 $8,093 3.08%
    >60% 1 $445,000 $445,000 $3,772 2.88%

    Nmsi lent most frequently to those with DTI ratios of 20-30%, with 1,817 originations. The next most common DTI ratio? 30-36%, with 1,751 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 4,440 $1,947,300,000 $438,581 $7,510 3.44%
    Not provided 2,645 $1,157,025,000 $437,439 $7,603 3.13%
    White 2,060 $850,830,000 $413,024 $8,523 3.15%
    Other Pacific Islander 279 $123,045,000 $441,022 $5,916 3.08%
    Black 96 $38,550,000 $401,563 $9,435 3.24%
    Native Hawaiian or Islander 20 $8,690,000 $434,500 $8,758 3.26%
    American Indian 12 $5,380,000 $448,333 $12,416 3.41%
    Other Asian 7 $2,695,000 $385,000 $5,400 3.11%
    Samoan 4 $2,100,000 $525,000 $5,757 3.63%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,563 $4,135,615,000 $432,460

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 9,563 $4,135,615,000 $432,460

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 823 $264,645,000 $321,561 $6,346 2.99%
    40-60% 2,895 $1,208,295,000 $417,373 $6,855 3.03%
    60-80% 4,604 $2,138,830,000 $464,559 $8,210 3.45%
    80-100% 1,157 $506,555,000 $437,818 $8,849 3.42%
    Under 20% 84 $17,290,000 $205,833 $10,061 3.47%