Newrez Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300FNXYY540N23N64

Tax ID: 37-1542226

2020 Data | 2019 Data | 2018 Data


Overview

Newrez is a large mortgage company specializing in Refi loans. Newrez 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 include Los Angeles, New York, Washington, San Diego, and Riverside among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Newrez is typically an average fee lendor.


Originations

84,966

Origination Dollar Volume (All Markets)

$22,291,840,000

Relative Rate

Newrez 's average 30 year fixed rate mortgage was 3.2%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.16%.

Relative Fees

Newrez 's average total fees for a 30 year fixed rate mortgage are $5,350.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 62,044 $16,210,010,000 $261,266 $4,124 3.19%
FHA 13,840 $3,406,490,000 $246,134 $6,651 3.13%
VA 8,940 $2,647,030,000 $296,088 $3,963 2.94%
USDA 142 $28,310,000 $199,366 $5,944 3.13%

For the 2020 period, Newrez 's most frequently originated loan type was Conventional, with 62,044 originations. Their 2nd most popular type is FHA, with 13,840 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 59,157 $15,326,065,000 $259,074 $4,005 3.04%
Cash Out Refi 16,152 $3,989,040,000 $246,969 $4,921 3.47%
Home Purchase 9,498 $2,936,040,000 $309,122 $7,079 3.34%
Home Improvement 139 $38,665,000 $278,165 $3,874 3.08%
Other 20 $2,030,000 $101,500 $745 3.72%

For the 2020, Newrez 's most frequently cited loan purpose was Refi, with 59,157 originations. The 2nd most popular reason was Cash Out Refi, with 16,152 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 56,619 $16,082,725,000 $284,052 $4,946 3.25%
15 Year 14,150 $3,003,080,000 $212,232 $3,664 2.84%
Other 6,515 $1,559,765,000 $239,411 $3,814 3.07%
20 Year 6,015 $1,391,195,000 $231,288 $3,636 3.13%
10 Year 1,635 $231,925,000 $141,850 $3,165 2.81%
30+ year 23 $23,005,000 $1,000,217 $18,267 5.08%
3 Year 9 $145,000 $16,111 $0 0.00%

For the 2020, Newrez 's most frequently cited loan length was 30 Year, with 56,619 originations. The 2nd most popular length was 15 Year, with 14,150 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 32,928 $8,846,800,000 $268,671
$1k-2k 28,539 $6,472,655,000 $226,800
$2k-3k 8,799 $2,105,135,000 $239,247
$3k-4k 8,181 $2,253,515,000 $275,457
$5k+ 6,518 $2,613,310,000 $400,937

$5,350 was Newrez 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 32,928 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LOS ANGELES-LONG BEACH-GLENDALE, CA 2,454 $1,003,100,000 $408,761 $5,443 3.22%
Outside of Metro Areas 5,001 $929,025,000 $185,768 $3,693 3.22%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 2,370 $922,900,000 $389,409 $9,006 3.23%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 2,067 $676,545,000 $327,308 $4,951 3.10%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 1,663 $661,035,000 $397,495 $4,817 3.11%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2,148 $660,030,000 $307,277 $4,610 3.14%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 2,596 $607,240,000 $233,914 $4,166 3.15%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1,842 $532,260,000 $288,958 $6,086 3.02%
PHOENIX-MESA-CHANDLER, AZ 2,243 $509,135,000 $226,988 $3,559 3.16%
CHICAGO-NAPERVILLE-EVANSTON, IL 2,015 $490,865,000 $243,605 $3,601 3.20%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 1,300 $451,310,000 $347,162 $4,718 3.15%
NASSAU COUNTY-SUFFOLK COUNTY, NY 1,134 $435,260,000 $383,827 $9,028 3.24%
DENVER-AURORA-LAKEWOOD, CO 1,434 $430,070,000 $299,909 $4,373 3.15%
ANAHEIM-SANTA ANA-IRVINE, CA 964 $416,130,000 $431,670 $5,042 3.16%
NEW BRUNSWICK-LAKEWOOD, NJ 1,339 $393,725,000 $294,044 $5,497 3.11%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 1,254 $379,810,000 $302,879 $4,136 3.13%
BALTIMORE-COLUMBIA-TOWSON, MD 1,304 $379,460,000 $290,997 $4,465 3.10%
OAKLAND-BERKELEY-LIVERMORE, CA 927 $371,195,000 $400,426 $4,524 3.15%
SEATTLE-BELLEVUE-KENT, WA 999 $336,585,000 $336,922 $4,233 3.21%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 1,445 $328,815,000 $227,554 $4,006 3.10%
BOSTON, MA 882 $294,380,000 $333,764 $4,749 3.19%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1,169 $271,805,000 $232,511 $3,936 3.09%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 1,223 $263,135,000 $215,155 $4,492 3.20%
NEWARK, NJ-PA 828 $260,990,000 $315,205 $6,077 3.09%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 546 $246,240,000 $450,989 $4,158 3.12%
DALLAS-PLANO-IRVING, TX 961 $233,905,000 $243,398 $4,606 3.23%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,016 $227,020,000 $223,445 $4,681 3.19%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 789 $223,335,000 $283,061 $4,667 3.18%
PROVIDENCE-WARWICK, RI-MA 721 $189,865,000 $263,336 $4,790 3.10%
OXNARD-THOUSAND OAKS-VENTURA, CA 474 $187,940,000 $396,498 $5,112 3.20%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 549 $179,335,000 $326,658 $4,644 3.07%
LAS VEGAS-HENDERSON-PARADISE, NV 720 $169,940,000 $236,028 $3,786 3.17%
PHILADELPHIA, PA 727 $167,085,000 $229,828 $5,660 3.14%
ORLANDO-KISSIMMEE-SANFORD, FL 720 $161,040,000 $223,667 $4,530 3.18%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 598 $160,690,000 $268,712 $4,532 3.19%
MILWAUKEE-WAUKESHA, WI 655 $158,325,000 $241,718 $2,741 3.12%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 643 $145,995,000 $227,053 $4,937 3.09%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 510 $144,280,000 $282,902 $4,221 3.13%
WORCESTER, MA-CT 568 $143,230,000 $252,165 $4,324 3.18%
CAMDEN, NJ 629 $135,985,000 $216,192 $4,058 3.10%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 550 $129,830,000 $236,055 $3,888 3.13%
BRIDGEPORT-STAMFORD-NORWALK, CT 390 $127,920,000 $328,000 $6,052 3.03%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 504 $127,780,000 $253,532 $5,427 3.18%
INDIANAPOLIS-CARMEL-ANDERSON, IN 688 $122,030,000 $177,369 $3,547 3.18%
ST. LOUIS, MO-IL 674 $119,070,000 $176,662 $3,127 3.11%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 244 $118,410,000 $485,287 $4,880 3.14%
MIAMI-MIAMI BEACH-KENDALL, FL 453 $115,665,000 $255,331 $5,683 3.19%
JACKSONVILLE, FL 474 $109,560,000 $231,139 $4,713 3.10%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 428 $109,030,000 $254,743 $5,260 3.18%
TACOMA-LAKEWOOD, WA 378 $107,960,000 $285,608 $3,999 3.16%
WARREN-TROY-FARMINGTON HILLS, MI 578 $105,890,000 $183,201 $3,511 3.14%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 455 $104,585,000 $229,857 $4,386 3.15%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 477 $103,205,000 $216,363 $4,467 3.26%
RALEIGH-CARY, NC 416 $101,390,000 $243,726 $3,956 3.09%
WILMINGTON, DE-MD-NJ 442 $100,960,000 $228,416 $4,541 3.08%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 358 $100,020,000 $279,385 $6,967 3.20%
RICHMOND, VA 386 $95,100,000 $246,373 $3,999 3.12%
NEW HAVEN-MILFORD, CT 406 $93,530,000 $230,369 $5,336 3.14%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 434 $92,960,000 $214,194 $5,626 3.20%
STOCKTON, CA 295 $87,235,000 $295,712 $4,312 3.22%
SAN ANTONIO-NEW BRAUNFELS, TX 416 $86,590,000 $208,149 $3,973 3.19%
BARNSTABLE TOWN, MA 273 $84,875,000 $310,897 $5,260 3.11%
KANSAS CITY, MO-KS 438 $80,350,000 $183,447 $3,330 3.13%
CHARLESTON-NORTH CHARLESTON, SC 343 $79,215,000 $230,948 $3,491 3.12%
PITTSBURGH, PA 409 $75,915,000 $185,611 $4,779 3.04%
MADISON, WI 291 $75,755,000 $260,326 $2,366 2.99%
MANCHESTER-NASHUA, NH 293 $75,495,000 $257,662 $4,299 3.15%
COLORADO SPRINGS, CO 291 $74,525,000 $256,100 $3,663 3.09%
NAPLES-MARCO ISLAND, FL 224 $73,940,000 $330,089 $5,183 3.25%
VALLEJO, CA 198 $68,980,000 $348,384 $4,849 3.13%
SALISBURY, MD-DE 282 $68,500,000 $242,908 $4,351 3.09%
NORTH PORT-SARASOTA-BRADENTON, FL 290 $68,320,000 $235,586 $4,660 3.16%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 266 $66,950,000 $251,692 $3,411 3.25%
SANTA ROSA-PETALUMA, CA 182 $66,620,000 $366,044 $4,890 3.18%
SALT LAKE CITY, UT 254 $66,500,000 $261,811 $4,313 3.15%
CLEVELAND-ELYRIA, OH 387 $64,275,000 $166,085 $3,832 3.15%
HARRISBURG-CARLISLE, PA 281 $63,735,000 $226,815 $5,397 3.01%
FRESNO, CA 271 $63,505,000 $234,336 $3,679 3.13%
COLUMBUS, OH 348 $63,450,000 $182,328 $3,812 3.15%
SANTA MARIA-SANTA BARBARA, CA 165 $62,895,000 $381,182 $4,745 3.21%
GREENVILLE-ANDERSON, SC 324 $62,540,000 $193,025 $2,992 3.07%
CAPE CORAL-FORT MYERS, FL 265 $60,855,000 $229,642 $4,574 3.17%
REDDING, CA 235 $57,115,000 $243,043 $4,408 3.13%
TUCSON, AZ 311 $56,965,000 $183,167 $3,263 3.11%
PORTLAND-SOUTH PORTLAND, ME 227 $55,125,000 $242,841 $3,985 3.13%
BOISE CITY, ID 228 $54,780,000 $240,263 $4,236 3.23%
CINCINNATI, OH-KY-IN 312 $53,190,000 $170,481 $3,797 3.17%
SAN LUIS OBISPO-PASO ROBLES, CA 140 $52,980,000 $378,429 $4,450 3.10%
SPRINGFIELD, MA 243 $52,545,000 $216,235 $5,142 3.18%
GREELEY, CO 173 $49,975,000 $288,873 $4,291 3.16%
PORT ST. LUCIE, FL 233 $49,895,000 $214,142 $4,479 3.22%
NEW ORLEANS-METAIRIE, LA 249 $48,035,000 $192,912 $4,788 3.23%
RENO, NV 171 $47,925,000 $280,263 $4,223 3.16%
ELGIN, IL 213 $46,595,000 $218,756 $3,635 3.14%
SPOKANE-SPOKANE VALLEY, WA 203 $46,145,000 $227,315 $3,460 3.25%
MODESTO, CA 186 $44,860,000 $241,183 $3,880 3.11%
FORT COLLINS, CO 152 $42,970,000 $282,697 $3,898 3.22%
BAKERSFIELD, CA 190 $42,830,000 $225,421 $3,574 3.21%
BIRMINGHAM-HOOVER, AL 210 $41,640,000 $198,286 $3,468 3.18%
LAKELAND-WINTER HAVEN, FL 217 $40,855,000 $188,272 $4,753 3.24%
OGDEN-CLEARFIELD, UT 159 $39,895,000 $250,912 $3,998 3.07%
KNOXVILLE, TN 198 $39,290,000 $198,434 $3,729 3.09%
PROVO-OREM, UT 139 $38,665,000 $278,165 $4,633 3.13%
GREENSBORO-HIGH POINT, NC 195 $38,135,000 $195,564 $3,498 3.15%
PALM BAY-MELBOURNE-TITUSVILLE, FL 195 $37,805,000 $193,872 $3,686 3.16%
SALEM, OR 155 $37,565,000 $242,355 $4,437 3.22%
BOULDER, CO 121 $36,405,000 $300,868 $4,076 3.19%
DOVER, DE 165 $36,395,000 $220,576 $4,021 3.11%
AUGUSTA-RICHMOND COUNTY, GA-SC 170 $35,920,000 $211,294 $4,450 3.01%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 190 $35,740,000 $188,105 $4,002 3.19%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 185 $35,535,000 $192,081 $3,582 3.10%
BUFFALO-CHEEKTOWAGA, NY 190 $35,460,000 $186,632 $4,838 3.10%
ALBUQUERQUE, NM 179 $35,095,000 $196,061 $3,999 3.19%
TRENTON-PRINCETON, NJ 136 $34,830,000 $256,103 $4,813 3.14%
GARY, IN 192 $34,470,000 $179,531 $3,397 3.14%
DETROIT-DEARBORN-LIVONIA, MI 200 $32,430,000 $162,150 $3,354 3.13%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 184 $31,990,000 $173,859 $3,354 3.14%
YORK-HANOVER, PA 157 $31,715,000 $202,006 $4,815 3.05%
WINSTON-SALEM, NC 171 $31,265,000 $182,836 $3,312 3.16%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 111 $30,815,000 $277,613 $3,735 3.20%
DURHAM-CHAPEL HILL, NC 152 $30,610,000 $201,382 $3,834 3.03%
SALINAS, CA 80 $29,920,000 $374,000 $4,098 3.13%
PRESCOTT VALLEY-PRESCOTT, AZ 139 $29,775,000 $214,209 $3,738 3.15%
COLUMBIA, SC 148 $29,610,000 $200,068 $3,526 3.14%
SANTA CRUZ-WATSONVILLE, CA 68 $28,920,000 $425,294 $5,518 3.08%
EUGENE-SPRINGFIELD, OR 115 $28,715,000 $249,696 $4,593 3.18%
SAN RAFAEL, CA 64 $28,370,000 $443,281 $4,783 3.09%
BATON ROUGE, LA 145 $27,635,000 $190,586 $4,335 3.25%
OLYMPIA-LACEY-TUMWATER, WA 100 $27,390,000 $273,900 $3,853 3.20%
MEMPHIS, TN-MS-AR 153 $27,335,000 $178,660 $3,469 3.12%
OCEAN CITY, NJ 92 $26,630,000 $289,457 $4,935 3.12%
KENNEWICK-RICHLAND, WA 106 $26,070,000 $245,943 $3,691 3.26%
READING, PA 130 $25,800,000 $198,462 $5,207 3.08%
ALBANY-SCHENECTADY-TROY, NY 115 $25,715,000 $223,609 $5,410 3.12%
GRAND RAPIDS-KENTWOOD, MI 151 $23,605,000 $156,325 $3,542 3.19%
VISALIA, CA 98 $23,110,000 $235,816 $3,780 3.33%
PENSACOLA-FERRY PASS-BRENT, FL 109 $22,975,000 $210,780 $3,842 3.24%
COEUR D'ALENE, ID 88 $22,200,000 $252,273 $4,214 3.06%
AKRON, OH 139 $21,585,000 $155,288 $3,494 3.22%
NAPA, CA 53 $21,345,000 $402,736 $4,167 3.15%
ASHEVILLE, NC 97 $20,905,000 $215,515 $3,678 3.20%
BEND, OR 76 $20,630,000 $271,447 $4,706 3.14%
WILMINGTON, NC 102 $20,400,000 $200,000 $3,722 3.20%
OKLAHOMA CITY, OK 113 $20,135,000 $178,186 $4,174 3.21%
LANCASTER, PA 103 $20,055,000 $194,709 $4,367 3.11%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 86 $19,240,000 $223,721 $3,333 3.12%
AUBURN-OPELIKA, AL 87 $19,155,000 $220,172 $3,545 3.10%
GAINESVILLE, GA 79 $18,385,000 $232,722 $4,040 3.10%
SCRANTON--WILKES-BARRE, PA 121 $18,355,000 $151,694 $4,477 3.25%
LAKE HAVASU CITY-KINGMAN, AZ 102 $18,090,000 $177,353 $3,319 3.28%
FAYETTEVILLE, NC 103 $17,405,000 $168,981 $3,119 2.96%
YUBA CITY, CA 69 $17,035,000 $246,884 $4,158 3.15%
CHICO, CA 67 $16,655,000 $248,582 $3,705 3.12%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 65 $16,645,000 $256,077 $4,953 3.09%
NORWICH-NEW LONDON, CT 76 $16,570,000 $218,026 $4,331 3.08%
BELLINGHAM, WA 59 $16,245,000 $275,339 $3,664 3.12%
MERCED, CA 71 $16,025,000 $225,704 $3,443 3.19%
SANTA FE, NM 56 $15,740,000 $281,071 $4,012 3.16%
MONROE, LA 82 $15,610,000 $190,366 $4,484 3.21%
HILTON HEAD ISLAND-BLUFFTON, SC 57 $15,495,000 $271,842 $3,393 3.24%
CHATTANOOGA, TN-GA 82 $14,960,000 $182,439 $3,695 3.20%
CHARLOTTESVILLE, VA 64 $14,710,000 $229,844 $4,080 3.18%
TULSA, OK 84 $14,670,000 $174,643 $4,493 3.29%
SAVANNAH, GA 80 $14,520,000 $181,500 $3,570 3.27%
EAST STROUDSBURG, PA 75 $14,295,000 $190,600 $5,090 3.20%
DAYTON-KETTERING, OH 88 $13,900,000 $157,955 $3,513 3.15%
MEDFORD, OR 58 $13,820,000 $238,276 $4,813 3.15%
HUNTSVILLE, AL 80 $13,590,000 $169,875 $3,565 3.09%
ATLANTIC CITY-HAMMONTON, NJ 66 $13,580,000 $205,758 $4,052 3.09%
HICKORY-LENOIR-MORGANTON, NC 68 $13,370,000 $196,618 $3,820 3.17%
SPARTANBURG, SC 76 $13,370,000 $175,921 $3,350 3.14%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 79 $13,335,000 $168,797 $3,244 3.15%
OMAHA-COUNCIL BLUFFS, NE-IA 75 $13,305,000 $177,400 $3,244 3.13%
DES MOINES-WEST DES MOINES, IA 70 $12,950,000 $185,000 $3,824 3.10%
ROANOKE, VA 72 $12,880,000 $178,889 $3,052 3.09%
LEXINGTON-FAYETTE, KY 68 $12,760,000 $187,647 $3,251 3.13%
CANTON-MASSILLON, OH 84 $12,570,000 $149,643 $3,765 3.29%
MONTGOMERY, AL 76 $12,450,000 $163,816 $2,898 3.31%
GAINESVILLE, FL 67 $12,425,000 $185,448 $4,122 3.09%
LANSING-EAST LANSING, MI 85 $12,165,000 $143,118 $3,217 3.09%
MADERA, CA 50 $11,990,000 $239,800 $3,721 3.26%
ROCHESTER, NY 72 $11,980,000 $166,389 $4,407 3.18%
ANN ARBOR, MI 61 $11,925,000 $195,492 $3,864 3.07%
FLAGSTAFF, AZ 54 $11,880,000 $220,000 $3,898 3.19%
WINCHESTER, VA-WV 49 $11,715,000 $239,082 $4,092 3.05%
RACINE, WI 53 $11,415,000 $215,377 $2,945 3.10%
DAPHNE-FAIRHOPE-FOLEY, AL 49 $11,105,000 $226,633 $3,514 3.21%
CHAMBERSBURG-WAYNESBORO, PA 63 $10,945,000 $173,730 $4,705 3.03%
BURLINGTON, NC 59 $10,845,000 $183,814 $3,696 3.12%
PUNTA GORDA, FL 56 $10,670,000 $190,536 $3,897 3.10%
FORT WAYNE, IN 75 $10,655,000 $142,067 $2,955 3.14%
LAFAYETTE, LA 59 $10,635,000 $180,254 $4,649 3.11%
HAGERSTOWN-MARTINSBURG, MD-WV 51 $10,585,000 $207,549 $3,750 2.98%
MOUNT VERNON-ANACORTES, WA 40 $10,490,000 $262,250 $3,923 3.25%
EL PASO, TX 56 $10,070,000 $179,821 $3,702 3.22%
WICHITA, KS 63 $9,945,000 $157,857 $3,345 3.17%
TOLEDO, OH 67 $9,705,000 $144,851 $3,573 3.19%
PUEBLO, CO 50 $9,620,000 $192,400 $3,791 3.16%
SEBASTIAN-VERO BEACH, FL 45 $9,605,000 $213,444 $4,796 3.00%
YUMA, AZ 62 $9,530,000 $153,710 $3,644 3.19%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 54 $9,310,000 $172,407 $3,166 2.81%
GULFPORT-BILOXI, MS 64 $9,300,000 $145,313 $2,788 3.22%
KILLEEN-TEMPLE, TX 51 $9,055,000 $177,549 $3,143 3.24%
OCALA, FL 56 $9,050,000 $161,607 $3,747 3.12%
LYNCHBURG, VA 47 $9,025,000 $192,021 $3,058 3.01%
RAPID CITY, SD 38 $8,850,000 $232,895 $3,782 3.16%
ST. GEORGE, UT 34 $8,780,000 $258,235 $4,893 3.21%
COLUMBUS, GA-AL 57 $8,765,000 $153,772 $3,024 2.95%
GRAND JUNCTION, CO 39 $8,675,000 $222,436 $3,440 3.19%
YAKIMA, WA 44 $8,570,000 $194,773 $3,379 3.29%
LONGVIEW, WA 39 $8,545,000 $219,103 $4,047 3.19%
SHREVEPORT-BOSSIER CITY, LA 46 $8,430,000 $183,261 $4,146 3.34%
ALBANY-LEBANON, OR 38 $8,310,000 $218,684 $4,262 3.19%
CLARKSVILLE, TN-KY 40 $8,260,000 $206,500 $3,563 3.09%
ATHENS-CLARKE COUNTY, GA 40 $8,190,000 $204,750 $3,637 3.21%
CALIFORNIA-LEXINGTON PARK, MD 32 $8,120,000 $253,750 $3,523 2.98%
WACO, TX 43 $8,085,000 $188,023 $4,247 3.10%
FLINT, MI 55 $7,845,000 $142,636 $3,172 3.05%
KALAMAZOO-PORTAGE, MI 49 $7,795,000 $159,082 $2,895 3.26%
MCALLEN-EDINBURG-MISSION, TX 50 $7,760,000 $155,200 $3,603 3.30%
JACKSON, MS 50 $7,700,000 $154,000 $3,259 3.39%
SYRACUSE, NY 49 $7,645,000 $156,020 $4,545 3.36%
BILLINGS, MT 35 $7,615,000 $217,571 $4,026 3.19%
CORPUS CHRISTI, TX 41 $7,585,000 $185,000 $3,749 3.26%
ALEXANDRIA, LA 36 $7,540,000 $209,444 $4,273 3.13%
ST. CLOUD, MN 38 $7,460,000 $196,316 $3,931 3.14%
MOBILE, AL 50 $7,450,000 $149,000 $2,979 3.24%
JANESVILLE-BELOIT, WI 42 $7,180,000 $170,952 $2,432 3.15%
HANFORD-CORCORAN, CA 32 $6,960,000 $217,500 $4,256 3.11%
SOUTH BEND-MISHAWAKA, IN-MI 47 $6,825,000 $145,213 $2,917 3.23%
MACON-BIBB COUNTY, GA 36 $6,740,000 $187,222 $3,330 3.06%
WENATCHEE, WA 28 $6,630,000 $236,786 $4,788 3.38%
LEBANON, PA 35 $6,605,000 $188,714 $4,585 3.08%
BLOOMINGTON, IN 40 $6,580,000 $164,500 $3,194 3.11%
SPRINGFIELD, MO 37 $6,485,000 $175,270 $3,197 3.34%
SHERMAN-DENISON, TX 28 $6,470,000 $231,071 $4,911 3.26%
KINGSTON, NY 25 $6,375,000 $255,000 $5,773 3.08%
EL CENTRO, CA 27 $6,235,000 $230,926 $4,177 2.88%
MIDLAND, TX 25 $6,185,000 $247,400 $4,851 3.22%
GREEN BAY, WI 41 $6,135,000 $149,634 $2,895 3.04%
HARRISONBURG, VA 27 $6,115,000 $226,481 $3,535 3.08%
JACKSONVILLE, NC 34 $6,100,000 $179,412 $2,754 2.89%
TALLAHASSEE, FL 32 $5,990,000 $187,188 $3,614 2.98%
APPLETON, WI 32 $5,760,000 $180,000 $2,994 3.24%
SEBRING-AVON PARK, FL 36 $5,700,000 $158,333 $4,337 3.12%
ELKHART-GOSHEN, IN 37 $5,635,000 $152,297 $3,516 3.19%
MORRISTOWN, TN 32 $5,620,000 $175,625 $3,785 3.24%
SIERRA VISTA-DOUGLAS, AZ 38 $5,550,000 $146,053 $2,960 3.22%
HOMOSASSA SPRINGS, FL 36 $5,500,000 $152,778 $3,903 3.23%
BRUNSWICK, GA 33 $5,495,000 $166,515 $3,637 3.14%
DULUTH, MN-WI 32 $5,280,000 $165,000 $3,328 3.01%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 48 $5,260,000 $109,583 $3,392 3.24%
WARNER ROBINS, GA 30 $5,170,000 $172,333 $2,689 3.06%
GRANTS PASS, OR 21 $5,105,000 $243,095 $4,220 3.22%
ROCKFORD, IL 36 $5,080,000 $141,111 $2,925 2.93%
VINELAND-BRIDGETON, NJ 29 $4,895,000 $168,793 $3,637 3.21%
COLLEGE STATION-BRYAN, TX 24 $4,890,000 $203,750 $4,364 3.26%
STAUNTON, VA 29 $4,855,000 $167,414 $3,386 3.33%
AMARILLO, TX 26 $4,560,000 $175,385 $3,857 3.38%
BEAUMONT-PORT ARTHUR, TX 25 $4,525,000 $181,000 $3,429 3.41%
HAMMOND, LA 25 $4,405,000 $176,200 $5,583 3.14%
SHEBOYGAN, WI 30 $4,390,000 $146,333 $3,001 3.14%
LINCOLN, NE 27 $4,365,000 $161,667 $3,270 3.17%
HOUMA-THIBODAUX, LA 26 $4,360,000 $167,692 $4,012 3.13%
LUBBOCK, TX 23 $4,325,000 $188,043 $3,752 3.16%
ODESSA, TX 21 $4,325,000 $205,952 $4,471 3.26%
LAFAYETTE-WEST LAFAYETTE, IN 31 $4,235,000 $136,613 $3,116 3.13%
CEDAR RAPIDS, IA 24 $4,150,000 $172,917 $3,355 3.09%
MONROE, MI 25 $4,135,000 $165,400 $3,705 3.13%
BROWNSVILLE-HARLINGEN, TX 23 $4,055,000 $176,304 $4,134 3.37%
BANGOR, ME 22 $4,030,000 $183,182 $3,435 3.10%
EVANSVILLE, IN-KY 31 $4,025,000 $129,839 $2,965 3.08%
GETTYSBURG, PA 21 $4,025,000 $191,667 $4,754 2.95%
MICHIGAN CITY-LA PORTE, IN 25 $3,995,000 $159,800 $3,386 3.22%
CARSON CITY, NV 17 $3,955,000 $232,647 $4,562 3.28%
GREENVILLE, NC 23 $3,905,000 $169,783 $3,511 3.06%
IDAHO FALLS, ID 21 $3,895,000 $185,476 $4,159 3.20%
BURLINGTON-SOUTH BURLINGTON, VT 17 $3,855,000 $226,765 $3,966 3.12%
SIOUX FALLS, SD 16 $3,830,000 $239,375 $4,188 2.98%
OSHKOSH-NEENAH, WI 26 $3,830,000 $147,308 $2,783 2.99%
WALLA WALLA, WA 16 $3,760,000 $235,000 $3,273 3.29%
KINGSPORT-BRISTOL, TN-VA 21 $3,755,000 $178,810 $3,802 3.14%
PITTSFIELD, MA 15 $3,725,000 $248,333 $2,943 3.09%
LEWISTON-AUBURN, ME 20 $3,720,000 $186,000 $3,590 3.26%
TYLER, TX 21 $3,635,000 $173,095 $3,770 3.12%
ROCHESTER, MN 20 $3,590,000 $179,500 $4,285 3.33%
LAKE CHARLES, LA 17 $3,565,000 $209,706 $4,690 3.37%
CHEYENNE, WY 18 $3,550,000 $197,222 $3,604 3.13%
STATE COLLEGE, PA 16 $3,540,000 $221,250 $5,122 3.35%
TUSCALOOSA, AL 21 $3,495,000 $166,429 $3,114 3.55%
PANAMA CITY, FL 15 $3,395,000 $226,333 $3,950 3.16%
TWIN FALLS, ID 18 $3,390,000 $188,333 $3,916 3.33%
SAGINAW, MI 25 $3,365,000 $134,600 $3,282 3.00%
HUNTINGTON-ASHLAND, WV-KY-OH 26 $3,360,000 $129,231 $2,825 3.23%
LONGVIEW, TX 26 $3,300,000 $126,923 $3,317 3.73%
GLENS FALLS, NY 15 $3,285,000 $219,000 $4,732 3.22%
LAS CRUCES, NM 23 $3,265,000 $141,957 $3,494 3.08%
LAREDO, TX 17 $3,255,000 $191,471 $3,947 3.12%
ALBANY, GA 25 $3,205,000 $128,200 $3,542 3.39%
FLORENCE-MUSCLE SHOALS, AL 19 $3,065,000 $161,316 $3,105 3.27%
DECATUR, AL 20 $3,060,000 $153,000 $3,557 3.22%
LOGAN, UT-ID 14 $3,050,000 $217,857 $3,188 3.00%
KANKAKEE, IL 18 $3,040,000 $168,889 $2,778 3.12%
ELIZABETHTOWN-FORT KNOX, KY 19 $3,035,000 $159,737 $3,238 3.07%
JOHNSON CITY, TN 23 $3,025,000 $131,522 $2,752 3.40%
DUBUQUE, IA 11 $2,985,000 $271,364 $3,200 2.98%
ROCKY MOUNT, NC 18 $2,950,000 $163,889 $3,447 3.10%
THE VILLAGES, FL 15 $2,935,000 $195,667 $3,687 3.13%
FARGO, ND-MN 13 $2,885,000 $221,923 $4,082 3.11%
CORVALLIS, OR 13 $2,825,000 $217,308 $4,127 3.26%
CLEVELAND, TN 15 $2,805,000 $187,000 $3,677 3.12%
ERIE, PA 17 $2,775,000 $163,235 $3,864 3.01%
JACKSON, MI 21 $2,705,000 $128,810 $3,086 3.06%
LEWISTON, ID-WA 15 $2,685,000 $179,000 $3,237 3.01%
JONESBORO, AR 17 $2,655,000 $156,176 $3,133 3.37%
BATTLE CREEK, MI 16 $2,630,000 $164,375 $3,958 3.12%
FLORENCE, SC 16 $2,580,000 $161,250 $3,594 3.07%
IOWA CITY, IA 12 $2,560,000 $213,333 $3,230 2.99%
BOWLING GREEN, KY 16 $2,540,000 $158,750 $3,258 3.07%
BLACKSBURG-CHRISTIANSBURG, VA 13 $2,515,000 $193,462 $3,320 3.16%
CAPE GIRARDEAU, MO-IL 18 $2,510,000 $139,444 $2,935 3.25%
ANNISTON-OXFORD, AL 15 $2,505,000 $167,000 $2,978 3.31%
MISSOULA, MT 9 $2,505,000 $278,333 $3,609 3.00%
UTICA-ROME, NY 12 $2,500,000 $208,333 $5,143 3.31%
GREAT FALLS, MT 11 $2,475,000 $225,000 $4,116 3.22%
GADSDEN, AL 13 $2,405,000 $185,000 $3,478 3.21%
DALTON, GA 19 $2,295,000 $120,789 $4,175 3.24%
CASPER, WY 9 $2,265,000 $251,667 $4,592 3.16%
MUSKEGON, MI 18 $2,240,000 $124,444 $3,807 3.01%
NEW BERN, NC 14 $2,220,000 $158,571 $2,992 2.81%
FOND DU LAC, WI 12 $2,160,000 $180,000 $4,529 3.20%
HINESVILLE, GA 15 $2,155,000 $143,667 $2,717 3.45%
CHAMPAIGN-URBANA, IL 16 $2,110,000 $131,875 $2,276 3.17%
VALDOSTA, GA 14 $2,110,000 $150,714 $3,244 3.11%
WATERLOO-CEDAR FALLS, IA 16 $2,100,000 $131,250 $3,431 3.07%
SAN ANGELO, TX 12 $2,060,000 $171,667 $3,643 3.25%
HOT SPRINGS, AR 17 $2,055,000 $120,882 $3,093 3.15%
COLUMBUS, IN 13 $2,005,000 $154,231 $3,037 3.07%
ROME, GA 12 $1,900,000 $158,333 $3,601 3.80%
DOTHAN, AL 14 $1,900,000 $135,714 $2,599 3.45%
BLOOMINGTON, IL 13 $1,895,000 $145,769 $3,255 3.04%
LAWTON, OK 8 $1,780,000 $222,500 $3,763 2.91%
MANHATTAN, KS 10 $1,730,000 $173,000 $2,495 3.11%
PEORIA, IL 13 $1,685,000 $129,615 $2,947 2.88%
SPRINGFIELD, OH 15 $1,685,000 $112,333 $3,175 3.12%
NILES, MI 11 $1,655,000 $150,455 $3,171 3.11%
JOPLIN, MO 15 $1,635,000 $109,000 $2,866 3.21%
COLUMBIA, MO 11 $1,625,000 $147,727 $2,838 3.24%
TERRE HAUTE, IN 12 $1,590,000 $132,500 $2,314 3.40%
LAWRENCE, KS 10 $1,570,000 $157,000 $3,875 3.55%
GOLDSBORO, NC 10 $1,560,000 $156,000 $3,276 2.94%
BISMARCK, ND 7 $1,545,000 $220,714 $3,307 3.00%
SUMTER, SC 10 $1,530,000 $153,000 $2,543 2.98%
TOPEKA, KS 12 $1,530,000 $127,500 $2,879 3.17%
WAUSAU-WESTON, WI 8 $1,520,000 $190,000 $2,759 3.11%
ABILENE, TX 11 $1,495,000 $135,909 $3,950 3.48%
MANKATO, MN 9 $1,445,000 $160,556 $3,063 3.19%
WICHITA FALLS, TX 11 $1,445,000 $131,364 $3,216 3.93%
FARMINGTON, NM 9 $1,425,000 $158,333 $4,203 3.30%
MIDLAND, MI 9 $1,395,000 $155,000 $2,941 3.17%
MANSFIELD, OH 10 $1,320,000 $132,000 $2,835 3.11%
ST. JOSEPH, MO-KS 13 $1,295,000 $99,615 $2,792 2.99%
JACKSON, TN 11 $1,285,000 $116,818 $2,837 3.25%
AMES, IA 8 $1,250,000 $156,250 $3,051 3.05%
POCATELLO, ID 8 $1,210,000 $151,250 $3,944 3.28%
FORT SMITH, AR-OK 11 $1,195,000 $108,636 $2,743 3.29%
EAU CLAIRE, WI 7 $1,165,000 $166,429 $3,409 3.14%
WILLIAMSPORT, PA 8 $1,160,000 $145,000 $3,266 3.00%
BLOOMSBURG-BERWICK, PA 8 $1,140,000 $142,500 $4,498 2.92%
VICTORIA, TX 8 $1,130,000 $141,250 $3,914 2.91%
KOKOMO, IN 9 $1,125,000 $125,000 $3,317 3.30%
TEXARKANA, TX-AR 8 $1,100,000 $137,500 $2,702 4.08%
DECATUR, IL 10 $1,080,000 $108,000 $3,372 3.21%
HATTIESBURG, MS 7 $1,065,000 $152,143 $2,922 3.09%
PINE BLUFF, AR 9 $1,065,000 $118,333 $2,717 4.36%
MUNCIE, IN 9 $1,045,000 $116,111 $2,983 3.33%
BAY CITY, MI 9 $1,015,000 $112,778 $2,445 3.11%
SIOUX CITY, IA-NE-SD 8 $1,010,000 $126,250 $3,522 3.36%
JEFFERSON CITY, MO 7 $995,000 $142,143 $2,282 3.18%
BINGHAMTON, NY 7 $985,000 $140,714 $3,652 3.27%
MORGANTOWN, WV 6 $940,000 $156,667 $3,020 3.10%
WATERTOWN-FORT DRUM, NY 5 $865,000 $173,000 $3,924 3.68%
CHARLESTON, WV 6 $790,000 $131,667 $2,821 3.33%
CUMBERLAND, MD-WV 5 $775,000 $155,000 $4,505 3.10%
CARBONDALE-MARION, IL 7 $775,000 $110,714 $2,786 3.45%
WHEELING, WV-OH 6 $760,000 $126,667 $3,935 3.25%
ENID, OK 2 $730,000 $365,000 $4,532 3.19%
SPRINGFIELD, IL 5 $675,000 $135,000 $2,116 3.28%
JOHNSTOWN, PA 7 $605,000 $86,429 $3,471 2.75%
LA CROSSE-ONALASKA, WI-MN 3 $575,000 $191,667 $4,218 3.08%
WEIRTON-STEUBENVILLE, WV-OH 6 $520,000 $86,667 $2,782 3.25%
LIMA, OH 4 $510,000 $127,500 $3,758 3.13%
GRAND ISLAND, NE 2 $380,000 $190,000 $3,505 2.69%
BECKLEY, WV 4 $370,000 $92,500 $3,841 3.47%
OWENSBORO, KY 3 $315,000 $105,000 $2,514 2.83%
GRAND FORKS, ND-MN 2 $300,000 $150,000 $2,985 2.87%
Outside of Metro Areas 1 $225,000 $225,000 $2,951 3.88%
PARKERSBURG-VIENNA, WV 1 $225,000 $225,000 $3,044 2.75%
ELMIRA, NY 1 $165,000 $165,000 $4,220 3.75%
ALTOONA, PA 1 $35,000 $35,000 $2,223 3.75%

Newrez 's top markets include Los Angeles, New York, Washington, San Diego, and Riverside among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 37,109 $9,719,425,000 $261,916
3-4% 36,917 $9,753,815,000 $264,209
<2.5% 7,090 $1,773,920,000 $250,200
4-5% 3,054 $806,130,000 $263,959
5-6% 533 $174,955,000 $328,246
6-7% 164 $46,800,000 $285,366
7-8% 76 $12,560,000 $165,263
Over 8% 12 $1,350,000 $112,500

During 2020, Newrez 's average interest rate was 3.20%, while their most frequently originated rate bucket was 2.5-3%, with 37,109 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 42,082 $11,926,290,000 $283,406 $4,640 3.13%
$100k-200k 25,739 $3,963,715,000 $153,996 $3,538 3.16%
$400k-600k 10,359 $4,828,085,000 $466,076 $6,246 3.14%
$100,000 or less 5,322 $401,550,000 $75,451 $2,821 3.28%
$600k-1MM 1,275 $913,075,000 $716,137 $11,613 3.45%
$1MM+ 189 $259,125,000 $1,371,032 $17,568 4.15%

2020 saw Newrez place emphasis on $200k-400k loans with 42,082 originations, totaling $11,926,290,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 18,081 $5,248,175,000 $290,259 $4,700 3.16%
$50k-75k 13,858 $2,754,270,000 $198,749 $4,151 3.20%
$75k-100k 13,287 $3,249,915,000 $244,594 $4,483 3.19%
$150k-250k 11,699 $3,993,645,000 $341,366 $4,964 3.14%
$50k or less 7,332 $1,063,030,000 $144,985 $3,695 3.30%
$250k+ 3,418 $1,513,720,000 $442,867 $6,072 3.30%

Newrez lent most frequently to those with incomes in the $100k-150k range, with 18,081 originations. The second most popular income band? $50k-75k, with 13,858 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 17,813 $4,526,015,000 $254,085 $4,006 3.11%
30-36% 12,711 $3,342,055,000 $262,926 $4,380 3.20%
<20% 7,644 $1,867,440,000 $244,301 $3,748 3.00%
44% 2,641 $709,505,000 $268,650 $5,072 3.36%
43% 2,418 $666,720,000 $275,732 $5,009 3.31%
42% 2,378 $660,730,000 $277,851 $5,061 3.32%
41% 2,356 $640,840,000 $272,003 $4,933 3.27%
39% 2,261 $613,055,000 $271,143 $4,841 3.28%
40% 2,223 $605,965,000 $272,589 $4,827 3.28%
38% 2,222 $605,530,000 $272,516 $4,922 3.26%
36% 2,210 $590,900,000 $267,376 $4,515 3.25%
37% 2,164 $573,630,000 $265,079 $4,576 3.25%
49% 1,723 $496,475,000 $288,146 $5,629 3.26%
45% 1,666 $468,880,000 $281,441 $5,201 3.26%
46% 1,538 $423,540,000 $275,384 $5,301 3.26%
48% 1,483 $418,935,000 $282,492 $5,572 3.28%
47% 1,468 $411,860,000 $280,559 $5,240 3.23%
50-60% 1,150 $342,330,000 $297,678 $8,658 3.26%
>60% 136 $42,570,000 $313,015 $4,233 3.13%

Newrez lent most frequently to those with DTI ratios of 20-30%, with 17,813 originations. The next most common DTI ratio? 30-36%, with 12,711 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 56,448 $14,751,680,000 $261,332 $4,542 3.17%
Not provided 17,644 $4,458,070,000 $252,668 $4,188 3.10%
Asian 4,582 $1,534,810,000 $334,965 $4,793 3.07%
Black 5,625 $1,359,625,000 $241,711 $5,083 3.24%
American Indian 465 $126,215,000 $271,430 $5,090 3.16%
Native Hawaiian 182 $56,290,000 $309,286 $4,760 3.15%
Not applicable 6 $2,170,000 $361,667 $12,806 6.04%
Asian Indian 6 $910,000 $151,667 $3,472 3.40%
Japanese 3 $705,000 $235,000 $3,186 2.75%
Chinese 2 $410,000 $205,000 $4,354 3.00%
Other Pacific Islander 1 $405,000 $405,000 $2,671 3.13%
Filipino 1 $405,000 $405,000 $11,056 2.50%
Other Asian 1 $145,000 $145,000 $3,074 2.88%

Approval Rates

Total approvals of all applications
89.61%

Newrez has an average approval rate.

Pick Rate

Approvals leading to origination
-12.63%

Newrez 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 84,966 $22,291,840,000 $262,362

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 1,683 $262,135,000 $155,755
Single Family (1-4 Units):Site-Built 83,283 $22,029,705,000 $264,516

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 5,019 $985,365,000 $196,327 $3,497 3.00%
40-60% 17,365 $4,198,385,000 $241,773 $3,670 3.04%
60-80% 30,591 $8,311,345,000 $271,692 $4,434 3.25%
80-100% 19,603 $5,564,915,000 $283,881 $5,845 3.23%
Over 100% 290 $101,480,000 $349,931 $11,464 3.11%
Under 20% 538 $76,560,000 $142,305 $2,940 2.90%