Nevada Mortgage Rates, Fees & Info

HENDERSON, NV

LEI: 549300K3KVAMEWIVWZ72

Tax ID: 88-0149170

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Nevada Mortgage is a smaller mortgage company specializing in Home Purchase loans. Nevada Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top (well, only) market is Las Vegas.

    Nevada Mortgage 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. Nevada Mortgage 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 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.


    Originations

    41

    Origination Dollar Volume (All Markets)

    $9,155,000

    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
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 41 $9,155,000 $223,293 $6,252 5.20%
    Nevada Mortgage's top markets include and Las Vegas among others.

    Their top states include:
  • Nevada (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Nevada Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Nevada Mortgage Inc.
    Similarity Rank: 363
    ONE NEVADA CREDIT UNION
    Similarity Rank: 700
    LOGIX FEDERAL CREDIT UNION
    Similarity Rank: 828
    Credit Union 1
    Similarity Rank: 944
    SILVER STATE SCHOOLS SERVICE COMPANY, LLC
    Similarity Rank: 1002
    First Federal Bank of Kansas City
    Similarity Rank: 1372
    PINNACLE LENDING GROUP, INC.
    Similarity Rank: 1425
    East West Bank
    Similarity Rank: 1584
    Cathay Bank
    Similarity Rank: 1798
    JFK Financial Inc.
    Similarity Rank: 2639

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $5,275,000 $229,348 $4,786 5.27%
    FHA 18 $3,880,000 $215,556 $8,126 5.10%

    For 2018, Nevada Mortgage's most frequently originated type of loan was Conventional, with 23 originations. Their 2nd most popular type was FHA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $7,050,000 $220,313 $6,654 5.24%
    Cash Out Refi 6 $1,550,000 $258,333 $4,585 5.38%
    Refi 3 $555,000 $185,000 $5,299 4.33%

    For 2018, Nevada Mortgage's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 39 $8,795,000 $225,513 $6,241 5.25%
    15 Year 2 $360,000 $180,000 $6,471 4.06%

    For 2018, Nevada Mortgage's most frequently cited loan duration was 30 Year, with 39 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 7 $1,435,000 $205,000
    $3k-4k 5 $905,000 $181,000
    $2k-3k 3 $745,000 $248,333

    Nevada Mortgage's average total fees were $6,241, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 7 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 29 $6,425,000 $221,552
    4-5% 11 $2,485,000 $225,909
    3-4% 1 $245,000 $245,000

    During 2018, Nevada Mortgage's average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 5-6%, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $5,575,000 $265,476 $7,290 5.18%
    $100k-200k 18 $3,080,000 $171,111 $5,367 5.23%
    $100,000 or less 1 $95,000 $95,000 $2,940 5.13%
    $400k-600k 1 $405,000 $405,000 $3,705 4.88%

    2018 saw Nevada Mortgage place emphasis on $200k-400k loans with 21 originations, totaling $5,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 14 $3,050,000 $217,857 $6,519 5.11%
    $75k-100k 11 $2,385,000 $216,818 $6,755 5.25%
    $50k or less 9 $1,525,000 $169,444 $5,481 5.13%
    $100k-150k 6 $1,840,000 $306,667 $6,377 5.42%
    $250k+ 1 $355,000 $355,000 $3,175 5.13%

    Nevada Mortgage lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $75k-100k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 6 $1,510,000 $251,667 $3,846 5.10%
    44% 6 $1,440,000 $240,000 $7,284 5.31%
    30-36% 5 $1,005,000 $201,000 $5,174 5.10%
    <20% 3 $635,000 $211,667 $4,674 5.42%
    45% 3 $625,000 $208,333 $7,439 5.67%
    40% 3 $565,000 $188,333 $5,152 5.00%
    42% 2 $550,000 $275,000 $5,601 5.00%
    36% 2 $440,000 $220,000 $9,009 4.50%
    39% 2 $430,000 $215,000 $6,550 5.81%
    41% 2 $360,000 $180,000 $7,850 4.81%
    47% 2 $500,000 $250,000 $9,111 5.13%
    49% 2 $410,000 $205,000 $5,930 5.50%
    >60% 1 $195,000 $195,000 $7,252 5.25%
    43% 1 $285,000 $285,000 $9,619 4.38%
    50-60% 1 $205,000 $205,000 $6,934 5.63%

    Nevada Mortgage lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 44%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 39 $8,685,000 $222,692 $6,193 5.21%
    Black 1 $275,000 $275,000 $11,875 5.00%
    Asian 1 $195,000 $195,000 $2,956 4.88%

    Approval Rates

    Total approvals of all applications
    95.83%

    Nevada Mortgage 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
    90.24%

    Nevada Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 41 $9,155,000 $223,293

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 41 $9,155,000 $223,293

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 3 $565,000 $188,333 $3,161 5.13%
    60-80% 11 $2,635,000 $239,545 $5,682 5.06%
    80-100% 26 $5,760,000 $221,538 $6,812 5.26%