Nmsi Mortgage Rates, Fees & Info
LOS ANGELES, CALEI: 549300DCGBXW5FJMV921
Tax ID: 26-3874984
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Mortgage Data
Review & Overview
Nmsi is a mid-sized mortgage company specializing in Home Purchase and 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, San Francisco, San Diego, and San Jose 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. They have an above average pick rate when compared to similar 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 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
7,802Origination Dollar Volume (All Markets)
$3,571,920,000Awards
NMSI - 2021
NMSI is a 2021 , due to their low .
For 2021, 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3,708 | $1,765,000,000 | $475,998 | $8,608 | 2.94% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1,049 | $409,365,000 | $390,243 | $9,024 | 3.10% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 693 | $382,765,000 | $552,330 | $11,455 | 3.19% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 575 | $269,885,000 | $469,365 | $8,539 | 2.73% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 273 | $167,415,000 | $613,242 | $10,921 | 2.80% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 225 | $117,945,000 | $524,200 | $6,175 | 2.91% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 273 | $105,205,000 | $385,366 | $7,472 | 3.06% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 215 | $65,995,000 | $306,953 | $4,373 | 2.94% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 73 | $34,835,000 | $477,192 | $9,451 | 2.85% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 92 | $31,210,000 | $339,239 | $6,483 | 2.84% |
| VALLEJO, CA (FHA|USDA|VA) | 61 | $26,045,000 | $426,967 | $10,467 | 3.68% |
| STOCKTON, CA (FHA|USDA|VA) | 60 | $24,640,000 | $410,667 | $10,423 | 3.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 54 | $17,780,000 | $329,259 | $6,406 | 3.08% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 39 | $10,865,000 | $278,590 | $8,114 | 3.21% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 38 | $10,740,000 | $282,632 | $8,437 | 3.79% |
| FRESNO, CA (FHA|USDA|VA) | 27 | $9,375,000 | $347,222 | $9,101 | 3.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 26 | $8,560,000 | $329,231 | $7,058 | 2.91% |
| SALINAS, CA (FHA|USDA|VA) | 16 | $6,690,000 | $418,125 | $9,453 | 2.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 22 | $6,580,000 | $299,091 | $8,821 | 3.02% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 14 | $5,780,000 | $412,857 | $8,117 | 3.03% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 10 | $5,430,000 | $543,000 | $9,610 | 2.95% |
| MODESTO, CA (FHA|USDA|VA) | 16 | $5,120,000 | $320,000 | $8,394 | 3.54% |
| Outside of Metro Areas | 11 | $5,045,000 | $458,636 | $12,483 | 3.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 12 | $4,500,000 | $375,000 | $8,751 | 2.76% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 12 | $4,210,000 | $350,833 | $8,780 | 2.89% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $4,080,000 | $680,000 | $7,767 | 3.40% |
| YUBA CITY, CA (FHA|USDA|VA) | 9 | $3,065,000 | $340,556 | $9,309 | 3.39% |
| REDDING, CA (FHA|USDA|VA) | 11 | $3,005,000 | $273,182 | $9,373 | 3.59% |
| MEDFORD, OR (FHA|USDA|VA) | 4 | $2,840,000 | $710,000 | $13,149 | 2.81% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 7 | $2,645,000 | $377,857 | $9,201 | 2.66% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $2,560,000 | $640,000 | $15,555 | 2.91% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $2,455,000 | $350,714 | $6,383 | 3.34% |
| VISALIA, CA (FHA|USDA|VA) | 9 | $2,445,000 | $271,667 | $7,836 | 3.67% |
| MERCED, CA (FHA|USDA|VA) | 8 | $2,300,000 | $287,500 | $8,726 | 3.64% |
| NAPA, CA (FHA|USDA|VA) | 5 | $2,185,000 | $437,000 | $8,916 | 2.85% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $2,150,000 | $537,500 | $12,902 | 2.56% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $2,140,000 | $535,000 | $9,530 | 2.88% |
| Clearlake, CA (FHA|USDA|VA) | 7 | $2,125,000 | $303,571 | $10,805 | 3.64% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $6,562 | 2.79% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $1,710,000 | $213,750 | $7,076 | 2.78% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $6,139 | 3.25% |
| GAINESVILLE, GA (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $6,134 | 3.38% |
| Jefferson, GA (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $4,971 | 2.93% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $9,812 | 3.09% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $8,912 | 3.96% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $7,010 | 2.79% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $14,155 | 4.92% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $35,215 | 2.63% |
| MADERA, CA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $11,073 | 4.13% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $18,178 | 2.88% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $9,175 | 2.84% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $11,975 | 3.06% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $13,651 | 3.44% |
| LaGrange, GA-AL (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $3,503 | 2.81% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $8,956 | 2.79% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $5,316 | 2.46% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $4,349 | 2.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $13,047 | 2.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $7,609 | 2.75% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $3,639 | 2.79% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $11,169 | 4.69% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,015 | 2.81% |
| Outside of Metro Areas | 1 | $545,000 | $545,000 | $15,794 | 2.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $6,996 | 3.69% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $10,324 | 2.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,095 | 3.38% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,462 | 2.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,376 | 3.19% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $14,410 | 2.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,805 | 2.75% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $7,461 | 2.81% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $4,362 | 3.96% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,294 | 3.00% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,596 | 2.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,712 | 3.00% |
| SALEM, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,720 | 3.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,432 | 2.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,239 | 3.13% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,946 | 2.25% |
| CHICO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,135 | 2.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,487 | 3.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,411 | 2.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,032 | 3.25% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,932 | 3.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,594 | 2.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,436 | 3.50% |
| READING, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,646 | 2.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,084 | 2.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,998 | 3.13% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,194 | 5.13% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,692 | 2.63% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,895 | 4.25% |
| Sonora, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,849 | 2.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,673 | 3.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,863 | 2.75% |
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 | 7,740 | $3,545,170,000 | $458,032 | $8,695 | 2.99% |
| FHA | 62 | $26,750,000 | $431,452 | $16,163 | 2.90% |
For 2021, Nmsi's most frequently originated type of loan was Conventional, with 7,740 originations. Their 2nd most popular type was FHA, with 62 originations.
Loan Reason
For 2021, Nmsi's most frequently cited loan purpose was Home Purchase, with 3,600 originations. The 2nd most popular reason was Refi, with 2,734 originations.
Loan Duration/Length
For 2021, Nmsi's most frequently cited loan duration was 30 Year, with 6,229 originations. The 2nd most popular length was 15 Year, with 1,107 originations.
Origination Fees/Closing Costs
Nmsi's average total fees were $9,431, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 4,139 originations.
Interest Rates
During 2021, Nmsi's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,564 originations.
Loan Sizing
2021 saw Nmsi place emphasis on $400k-600k loans with 3,090 originations, totaling $1,515,960,000 in origination value.
Applicant Income
Nmsi lent most frequently to those with incomes in the $50k or less range, with 7,732 originations. The second most popular income band? $50k-75k, with 43 originations.
Applicant Debt to Income Ratio
Nmsi lent most frequently to those with DTI ratios of 20-30%, with 1,369 originations. The next most common DTI ratio? 30-36%, with 1,305 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 origination99.99%
Nmsi has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,802 | $3,571,920,000 | $457,821 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,802 | $3,571,920,000 | $457,821 |