Nvr Mortgage Finance Rates, Fees & Info

RICHMOND, VA

LEI: 549300KBWX4NV5Q1E376

Tax ID: 25-1664458

5 stars - Updated: 10/29/24 - out of 5 stars, based on 126 reviews

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

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Mortgage Data

Review & Overview

Nvr Mortgage Finance is a mid-sized mortgage company specializing in Home Purchase loans. Nvr Mortgage Finance 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 by origination volume include: Washington, Philadelphia, Charlotte, Baltimore, and Nashville among others. We have data for 66 markets. (Some data included below & more in-depth data is available with an active subscription.)

Nvr Mortgage Finance has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Nvr Mortgage Finance 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 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.66% 10/29/24
30 Year Conventional Refi 3.93% 10/29/24
30 Year FHA Purchase 7.28% 10/29/24
30 Year FHA Refi 5.23% 10/29/24
30 Year VA Purchase 6.09% 10/29/24
30 Year USDA Purchase 6.72% 10/29/24
15 Year Conventional Purchase 6.02% 10/29/24
15 Year FHA Purchase 6.90% 10/29/24
15 Year VA Purchase 5.68% 10/29/24
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.

Nvr Mortgage Finance Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Nvr Mortgage Finance. 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

15,867

Origination Dollar Volume (All Markets)

$5,738,155,000
Show all (164) awards

Relative Rate

Nvr Mortgage Finance's average 30 year fixed mortgage rate was 6.06%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.42%.

Relative Fees (Closing Costs)

Nvr Mortgage Finance's average total fees/closing costs for a 30 year fixed rate mortgage were $9,127.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1,931 $974,465,000 $504,643 $11,359 6.18%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,156 $455,260,000 $393,824 $9,963 6.07%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1,111 $377,675,000 $339,941 $8,209 6.01%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 725 $373,515,000 $515,193 $10,947 6.09%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 801 $268,705,000 $335,462 $7,889 5.81%
PITTSBURGH, PA (FHA|USDA|VA) 696 $251,160,000 $360,862 $8,688 6.26%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 653 $243,425,000 $372,779 $9,594 5.77%
RICHMOND, VA (FHA|USDA|VA) 632 $227,620,000 $360,158 $8,897 6.00%
SALISBURY, MD-DE (FHA|USDA|VA) 653 $206,665,000 $316,485 $7,059 6.40%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 523 $151,865,000 $290,373 $6,536 6.12%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 553 $138,595,000 $250,624 $7,564 6.07%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 448 $129,680,000 $289,464 $7,453 5.82%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 348 $111,390,000 $320,086 $7,439 5.78%
COLUMBUS, OH (FHA|USDA|VA) 323 $109,535,000 $339,118 $9,691 5.91%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 358 $100,590,000 $280,978 $8,561 6.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 316 $100,430,000 $317,816 $7,737 6.19%
SPARTANBURG, SC (FHA|USDA|VA) 348 $93,680,000 $269,195 $9,115 6.08%
RALEIGH-CARY, NC (FHA|USDA|VA) 279 $85,115,000 $305,072 $9,228 6.11%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 189 $80,175,000 $424,206 $9,891 5.96%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 153 $79,595,000 $520,229 $8,887 6.36%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 250 $79,270,000 $317,080 $8,035 5.81%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 249 $75,275,000 $302,309 $7,982 5.97%
DAYTON-KETTERING, OH (FHA|USDA|VA) 205 $70,085,000 $341,878 $7,601 5.77%
AKRON, OH (FHA|USDA|VA) 238 $67,020,000 $281,597 $7,414 5.95%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 155 $60,195,000 $388,355 $9,544 5.90%
Outside of Metro Areas 181 $58,715,000 $324,392 $8,585 5.98%
PORT ST. LUCIE, FL (FHA|USDA|VA) 178 $54,860,000 $308,202 $8,478 6.24%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 162 $53,150,000 $328,086 $8,480 6.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 96 $38,500,000 $401,042 $9,577 6.26%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 109 $35,275,000 $323,624 $7,233 5.92%
DOVER, DE (FHA|USDA|VA) 96 $34,380,000 $358,125 $11,048 5.90%
HARRISONBURG, VA (FHA|USDA|VA) 97 $32,025,000 $330,155 $9,274 6.02%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 120 $31,060,000 $258,833 $7,706 6.54%
WINCHESTER, VA-WV (FHA|USDA|VA) 87 $29,385,000 $337,759 $9,365 6.13%
YORK-HANOVER, PA (FHA|USDA|VA) 65 $28,445,000 $437,615 $9,406 6.25%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 93 $28,375,000 $305,108 $10,824 5.79%
ROCHESTER, NY (FHA|USDA|VA) 76 $28,040,000 $368,947 $10,568 5.96%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 83 $27,975,000 $337,048 $10,131 6.06%
CANTON-MASSILLON, OH (FHA|USDA|VA) 93 $27,915,000 $300,161 $6,942 5.93%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 76 $26,890,000 $353,816 $7,897 6.07%
FAYETTEVILLE, NC (FHA|USDA|VA) 87 $26,255,000 $301,782 $10,368 5.93%
COLUMBIA, SC (FHA|USDA|VA) 105 $24,885,000 $237,000 $8,369 5.76%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 55 $22,045,000 $400,818 $12,317 5.61%
JACKSONVILLE, FL (FHA|USDA|VA) 60 $21,820,000 $363,667 $8,506 5.60%
Elizabeth City, NC (FHA|USDA|VA) 53 $20,585,000 $388,396 $11,231 5.82%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 38 $19,380,000 $510,000 $13,217 6.38%
PUNTA GORDA, FL (FHA|USDA|VA) 70 $18,760,000 $268,000 $6,480 5.78%
MORGANTOWN, WV (FHA|USDA|VA) 45 $16,645,000 $369,889 $8,121 5.94%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 52 $15,530,000 $298,654 $7,382 6.06%
Cambridge, MD (FHA|USDA|VA) 52 $13,650,000 $262,500 $8,802 6.31%
LYNCHBURG, VA (FHA|USDA|VA) 51 $12,475,000 $244,608 $6,590 6.14%
Jefferson, GA (FHA|USDA|VA) 40 $12,220,000 $305,500 $9,719 6.05%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 40 $10,950,000 $273,750 $8,620 6.13%
STAUNTON, VA (FHA|USDA|VA) 38 $10,550,000 $277,632 $8,292 6.20%
Calhoun, GA (FHA|USDA|VA) 36 $9,070,000 $251,944 $7,118 5.62%
SPRINGFIELD, OH (FHA|USDA|VA) 28 $7,610,000 $271,786 $7,606 5.73%
Seneca, SC (FHA|USDA|VA) 31 $7,225,000 $233,065 $6,755 5.84%
Sidney, OH (FHA|USDA|VA) 23 $5,375,000 $233,696 $5,260 5.47%
ROCKY MOUNT, NC (FHA|USDA|VA) 16 $4,260,000 $266,250 $11,094 5.88%
Wooster, OH (FHA|USDA|VA) 14 $4,110,000 $293,571 $5,340 5.83%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 10 $2,500,000 $250,000 $10,639 5.86%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 5 $2,295,000 $459,000 $12,544 5.97%
LANCASTER, PA (FHA|USDA|VA) 5 $1,605,000 $321,000 $7,271 5.52%
KANKAKEE, IL (FHA|USDA|VA) 4 $1,320,000 $330,000 $7,699 5.22%
COLUMBUS, IN (FHA|USDA|VA) 3 $785,000 $261,667 $10,370 6.13%
Sanford, NC (FHA|USDA|VA) 1 $275,000 $275,000 $10,485 7.63%
Nvr Mortgage Finance's top markets include Washington, Philadelphia, Charlotte, Baltimore, and Nashville among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

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

    SECNY Federal Credit Union
    Similarity Rank: 36
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 42
    ACNB Bank
    Similarity Rank: 64
    ABNB Federal Credit Union
    Similarity Rank: 65
    JOHNSON MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 108
    SEFCU SERVICES, LLC
    Similarity Rank: 224
    Shea Mortgage Inc.
    Similarity Rank: 228

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9,548 $3,366,050,000 $352,540 $7,110 6.22%
    FHA 4,209 $1,500,255,000 $356,440 $13,160 5.87%
    VA 2,002 $839,760,000 $419,461 $8,862 5.58%
    USDA 108 $32,090,000 $297,130 $10,050 5.71%

    For 2023, Nvr Mortgage Finance's most frequently originated type of loan was Conventional, with 9,548 originations. Their 2nd most popular type was FHA, with 4,209 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15,867 $5,738,155,000 $361,641 $8,956 6.04%

    For 2023, Nvr Mortgage Finance's most frequently cited loan purpose was Home Purchase, with 15,867 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 15,254 $5,578,840,000 $365,730 $9,127 6.06%
    15 Year 516 $136,870,000 $265,252 $4,905 5.51%
    20 Year 66 $18,690,000 $283,182 $4,746 6.04%
    10 Year 31 $3,755,000 $121,129 $1,291 5.41%

    For 2023, Nvr Mortgage Finance's most frequently cited loan duration was 30 Year, with 15,254 originations. The 2nd most popular length was 15 Year, with 516 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 5,251 $2,107,695,000 $401,389
    $<1k 1,660 $559,350,000 $336,958
    $1k-2k 1,603 $579,555,000 $361,544
    $2k-3k 1,369 $512,735,000 $374,533
    $3k-4k 1,020 $355,420,000 $348,451
    $4k-5k 852 $296,160,000 $347,606

    Nvr Mortgage Finance's average total fees were $9,127, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 5,251 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 7,132 $2,549,960,000 $357,538
    6-7% 5,884 $2,167,210,000 $368,323
    7-8% 1,420 $546,710,000 $385,007
    4-5% 1,356 $446,960,000 $329,617
    Over 8% 58 $23,150,000 $399,138
    3-4% 16 $3,850,000 $240,625
    2.5-3% 1 $315,000 $315,000

    During 2023, Nvr Mortgage Finance's average interest rate for loans was 6.06%, while their most frequently originated rate bucket for loans was 5-6%, with 7,132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 9,400 $2,892,750,000 $307,739 $8,284 6.02%
    $400k-600k 4,171 $1,968,775,000 $472,015 $11,378 6.08%
    $100k-200k 1,080 $166,660,000 $154,315 $3,128 5.95%
    $600k-1MM 852 $609,870,000 $715,810 $14,081 6.22%
    $100,000 or less 294 $19,400,000 $65,986 $1,091 5.85%
    $1MM+ 70 $80,700,000 $1,152,857 $15,463 6.44%

    2023 saw Nvr Mortgage Finance place emphasis on $200k-400k loans with 9,400 originations, totaling $2,892,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 5,342 $1,972,270,000 $369,201 $9,444 6.08%
    $150k-250k 3,473 $1,526,435,000 $439,515 $9,863 6.19%
    $75k-100k 3,316 $1,034,380,000 $311,936 $8,676 5.93%
    $50k-75k 2,293 $587,135,000 $256,055 $7,263 5.80%
    $250k+ 933 $518,595,000 $555,836 $10,354 6.38%
    $50k or less 436 $69,020,000 $158,303 $3,870 5.76%

    Nvr Mortgage Finance lent most frequently to those with incomes in the $100k-150k range, with 5,342 originations. The second most popular income band? $150k-250k, with 3,473 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 2,302 $843,680,000 $366,499 $8,508 6.08%
    20-30% 1,944 $640,620,000 $329,537 $7,094 6.02%
    49% 1,751 $658,915,000 $376,308 $10,450 5.99%
    48% 1,111 $411,795,000 $370,653 $10,202 6.03%
    47% 883 $334,225,000 $378,511 $10,003 6.04%
    44% 828 $301,660,000 $364,324 $9,586 6.01%
    46% 801 $293,495,000 $366,411 $9,549 6.01%
    45% 711 $256,945,000 $361,385 $9,389 6.08%
    42% 687 $259,665,000 $377,969 $8,871 6.10%
    43% 649 $241,975,000 $372,843 $9,338 6.06%
    41% 612 $229,610,000 $375,180 $9,189 6.09%
    40% 585 $214,755,000 $367,103 $8,790 6.09%
    39% 546 $202,380,000 $370,659 $8,802 6.10%
    37% 528 $201,350,000 $381,345 $8,745 6.07%
    <20% 524 $125,330,000 $239,179 $4,534 5.99%
    38% 493 $187,565,000 $380,456 $9,148 6.09%
    36% 472 $170,370,000 $360,953 $8,757 6.12%
    50-60% 438 $162,750,000 $371,575 $10,527 5.78%
    >60% 2 $1,070,000 $535,000 $15,327 6.06%

    Nvr Mortgage Finance lent most frequently to those with DTI ratios of 30-36%, with 2,302 originations. The next most common DTI ratio? 20-30%, with 1,944 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,160 $2,724,780,000 $333,919 $8,151 6.03%
    Black 3,414 $1,351,490,000 $395,867 $11,128 5.92%
    Asian 1,891 $826,235,000 $436,930 $8,801 6.24%
    Not provided 2,115 $705,615,000 $333,624 $8,502 6.08%
    Asian Indian 151 $76,385,000 $505,861 $10,745 6.37%
    American Indian 76 $31,350,000 $412,500 $10,838 6.06%
    Native Hawaiian or Islander 32 $11,870,000 $370,938 $9,056 5.84%
    Other Asian 14 $5,180,000 $370,000 $7,439 6.43%
    Filipino 5 $1,915,000 $383,000 $12,725 5.72%
    Other Pacific Islander 3 $1,235,000 $411,667 $8,417 6.71%
    Chinese 3 $855,000 $285,000 $11,356 5.21%
    Korean 2 $760,000 $380,000 $8,655 6.69%
    Vietnamese 1 $485,000 $485,000 $225 7.50%

    Approval Rates

    Total approvals of all applications
    83.06%

    Nvr Mortgage Finance has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.58%

    Nvr Mortgage Finance has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 15,867 $5,738,155,000 $361,641

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    15,867 $5,738,155,000 $361,641

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 648 $98,600,000 $152,160 $2,430 5.91%
    40-60% 1,056 $272,920,000 $258,447 $4,937 5.95%
    60-80% 2,857 $1,035,845,000 $362,564 $7,376 6.14%
    80-100% 10,491 $4,062,325,000 $387,220 $9,998 6.05%
    Over 100% 574 $250,410,000 $436,254 $15,891 5.60%
    Under 20% 241 $18,055,000 $74,917 $996 6.10%