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
  • Complaints
  • 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 and Cash Out Refi 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. 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 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.


    Originations

    50

    Origination Dollar Volume (All Markets)

    $12,010,000

    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) 50 $12,010,000 $240,200 $6,168 4.51%
    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.

    SIMPLIFI MORTGAGE, LLC
    Similarity Rank: 288
    Nevada Mortgage Inc.
    Similarity Rank: 401
    ALOHA PACIFIC
    Similarity Rank: 695
    Credit Union 1
    Similarity Rank: 850
    SILVER STATE SCHOOLS SERVICE COMPANY, LLC
    Similarity Rank: 966
    Firefighters First Federal Credit Union
    Similarity Rank: 1425
    ONE NEVADA CREDIT UNION
    Similarity Rank: 1680
    MID AMERICA MORTGAGE, INC.
    Similarity Rank: 1976
    JFK Financial Inc.
    Similarity Rank: 2156
    Fremont Bank
    Similarity Rank: 2700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 35 $8,395,000 $239,857 $5,155 4.54%
    FHA 15 $3,615,000 $241,000 $8,530 4.44%

    For 2019, Nevada Mortgage's most frequently originated type of loan was Conventional, with 35 originations. Their 2nd most popular type was FHA, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $7,745,000 $249,839 $6,043 4.62%
    Cash Out Refi 13 $2,945,000 $226,538 $6,441 4.43%
    Refi 6 $1,320,000 $220,000 $6,217 4.12%

    For 2019, Nevada Mortgage's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 48 $11,630,000 $242,292 $6,237 4.52%
    15 Year 2 $380,000 $190,000 $4,499 4.18%

    For 2019, Nevada Mortgage's most frequently cited loan duration was 30 Year, with 48 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 23 $5,825,000 $253,261
    $3k-4k 8 $1,480,000 $185,000
    $5k+ 8 $2,170,000 $271,250
    $2k-3k 6 $1,240,000 $206,667
    $4k-5k 5 $1,295,000 $259,000

    Nevada Mortgage's average total fees were $6,237, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 23 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 29 $6,955,000 $239,828
    3-4% 14 $3,760,000 $268,571
    5-6% 7 $1,295,000 $185,000

    During 2019, Nevada Mortgage's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 4-5%, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 36 $9,400,000 $261,111 $6,518 4.45%
    $100k-200k 13 $2,205,000 $169,615 $5,376 4.73%
    $400k-600k 1 $405,000 $405,000 $3,848 3.75%

    2019 saw Nevada Mortgage place emphasis on $200k-400k loans with 36 originations, totaling $9,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 19 $3,705,000 $195,000 $6,055 4.60%
    $50k-75k 15 $3,575,000 $238,333 $5,864 4.58%
    $100k-150k 7 $2,085,000 $297,857 $5,881 4.19%
    $75k-100k 7 $2,015,000 $287,857 $8,098 4.46%
    $150k-250k 2 $630,000 $315,000 $3,762 4.37%

    Nevada Mortgage lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 7 $1,835,000 $262,143 $4,543 4.71%
    20-30% 5 $1,135,000 $227,000 $5,536 4.32%
    <20% 5 $1,415,000 $283,000 $5,500 4.22%
    44% 5 $1,095,000 $219,000 $7,113 4.36%
    49% 5 $1,045,000 $209,000 $6,329 5.10%
    45% 4 $880,000 $220,000 $5,505 4.71%
    48% 4 $1,100,000 $275,000 $7,680 4.47%
    43% 3 $735,000 $245,000 $7,844 4.29%
    42% 3 $765,000 $255,000 $6,566 4.21%
    41% 2 $420,000 $210,000 $6,454 5.31%
    50-60% 2 $400,000 $200,000 $7,176 4.06%
    46% 2 $430,000 $215,000 $5,856 4.06%
    47% 2 $500,000 $250,000 $7,876 4.63%
    38% 1 $255,000 $255,000 $3,486 4.13%

    Nevada Mortgage lent most frequently to those with DTI ratios of 30-36%, with 7 originations. The next most common DTI ratio? 20-30%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 43 $10,165,000 $236,395 $6,065 4.55%
    Not provided 3 $835,000 $278,333 $7,248 4.25%
    Asian 2 $510,000 $255,000 $6,360 3.93%
    Black 2 $500,000 $250,000 $6,566 4.49%

    Approval Rates

    Total approvals of all applications
    94.34%

    Nevada Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 50 $12,010,000 $240,200

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 50 $12,010,000 $240,200

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $265,000 $265,000 $6,606 3.88%
    60-80% 16 $3,460,000 $216,250 $5,035 4.52%
    80-100% 33 $8,285,000 $251,061 $6,703 4.52%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NewFed Mortgage Corp Conventional home mortgage Closing on a mortgage 1 100.0%