Nvr Mortgage Finance Rates, Fees & Info

RICHMOND, VA

LEI: 549300KBWX4NV5Q1E376

Tax ID: 25-1664458

2.7 stars - out of 5 stars, based on 133 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Nvr Mortgage Finance is a mid-sized mortgage company specializing in 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, Baltimore, Pittsburgh, and Charlotte among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Nvr Mortgage Finance has an above 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 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.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.90% 11/27/22
    30 Year Conventional Refi 6.87% 11/27/22
    30 Year FHA Purchase 7.80% 11/27/22
    30 Year FHA Refi 7.38% 11/27/22
    30 Year VA Purchase 6.60% 11/27/22
    30 Year USDA Purchase 7.18% 11/27/22
    15 Year Conventional Purchase 6.16% 11/27/22
    15 Year Conventional Refi 6.56% 11/27/22
    15 Year Cash-out Refi 6.56% 11/27/22
    15 Year FHA Purchase 6.82% 11/27/22
    15 Year VA Purchase 5.90% 11/27/22
    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.


    Originations

    17,821

    Origination Dollar Volume (All Markets)

    $6,076,725,000
    Show all (16) awards

    Relative Rate

    Nvr Mortgage Finance's average 30 year fixed mortgage rate was 3.03%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

    Nvr Mortgage Finance's average total fees/closing costs for a 30 year fixed rate mortgage were $7,407.

    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 $4,750.

    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) 2,454 $1,240,730,000 $505,595 $9,374 2.97%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,433 $519,525,000 $362,544 $8,139 2.90%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 849 $415,515,000 $489,417 $9,054 2.98%
    PITTSBURGH, PA (FHA|USDA|VA) 1,190 $397,910,000 $334,378 $6,575 3.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1,079 $331,005,000 $306,770 $5,741 3.03%
    RICHMOND, VA (FHA|USDA|VA) 810 $268,410,000 $331,370 $7,207 2.97%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 789 $266,715,000 $338,042 $7,662 2.93%
    SALISBURY, MD-DE (FHA|USDA|VA) 781 $246,805,000 $316,012 $6,129 3.05%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 677 $219,595,000 $324,365 $6,486 3.05%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 622 $165,910,000 $266,736 $6,307 3.06%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 547 $151,375,000 $276,737 $7,244 2.96%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 417 $135,725,000 $325,480 $7,066 3.08%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 582 $121,070,000 $208,024 $5,080 3.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 445 $119,725,000 $269,045 $7,246 3.07%
    COLUMBUS, OH (FHA|USDA|VA) 400 $117,320,000 $293,300 $6,769 2.98%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 367 $106,805,000 $291,022 $6,437 3.07%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 327 $96,215,000 $294,235 $6,371 3.03%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 341 $94,835,000 $278,109 $6,188 3.06%
    RALEIGH-CARY, NC (FHA|USDA|VA) 269 $79,555,000 $295,743 $6,373 2.97%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 218 $77,810,000 $356,927 $7,902 3.14%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 280 $73,220,000 $261,500 $6,695 3.01%
    AKRON, OH (FHA|USDA|VA) 277 $69,945,000 $252,509 $6,765 2.99%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 258 $61,860,000 $239,767 $7,615 3.12%
    SPARTANBURG, SC (FHA|USDA|VA) 267 $56,745,000 $212,528 $5,966 3.15%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 145 $49,335,000 $340,241 $8,070 2.99%
    Outside of Metro Areas 158 $49,200,000 $311,392 $7,989 3.03%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 174 $47,950,000 $275,575 $6,086 2.99%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 162 $42,410,000 $261,790 $6,799 2.98%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 114 $42,350,000 $371,491 $8,883 2.82%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 143 $42,085,000 $294,301 $8,506 3.05%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 138 $41,390,000 $299,928 $6,847 3.07%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 112 $40,160,000 $358,571 $9,544 2.94%
    DOVER, DE (FHA|USDA|VA) 117 $34,635,000 $296,026 $6,789 2.99%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 105 $28,865,000 $274,905 $6,420 2.98%
    WINCHESTER, VA-WV (FHA|USDA|VA) 72 $28,050,000 $389,583 $7,583 3.00%
    ROCHESTER, NY (FHA|USDA|VA) 97 $27,395,000 $282,423 $6,743 2.98%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 79 $22,725,000 $287,658 $6,816 2.97%
    YORK-HANOVER, PA (FHA|USDA|VA) 69 $21,915,000 $317,609 $7,892 3.11%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 51 $18,325,000 $359,314 $5,611 2.95%
    HARRISONBURG, VA (FHA|USDA|VA) 70 $17,980,000 $256,857 $6,077 3.02%
    MORGANTOWN, WV (FHA|USDA|VA) 47 $17,505,000 $372,447 $5,264 2.95%
    FAYETTEVILLE, NC (FHA|USDA|VA) 69 $17,405,000 $252,246 $6,985 2.98%
    COLUMBIA, SC (FHA|USDA|VA) 65 $15,305,000 $235,462 $6,163 3.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 45 $10,355,000 $230,111 $6,863 3.10%
    SPRINGFIELD, OH (FHA|USDA|VA) 39 $8,865,000 $227,308 $7,013 3.06%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 32 $8,380,000 $261,875 $6,042 3.08%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 15 $3,965,000 $264,333 $8,528 2.78%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 18 $3,720,000 $206,667 $5,906 2.90%
    OCEAN CITY, NJ (FHA|USDA|VA) 4 $1,380,000 $345,000 $6,411 3.13%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $465,000 $465,000 $1,632 2.88%
    Wooster, OH (FHA|USDA|VA) 1 $285,000 $285,000 $1,369 2.75%
    Nvr Mortgage Finance's top markets include Washington, Philadelphia, Baltimore, Pittsburgh, and Charlotte among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (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: 57
    POINT BREEZE
    Similarity Rank: 63
    COUNTRYSIDE Federal Credit Union
    Similarity Rank: 192
    Geddes Federal Savings and Loan Association
    Similarity Rank: 192
    Foote Capital Mortgage Company
    Similarity Rank: 266
    THE SUMMIT Federal Credit Union
    Similarity Rank: 304
    Tompkins Trust Company
    Similarity Rank: 308
    VISIONS
    Similarity Rank: 364
    CAROLINA FOOTHILLS
    Similarity Rank: 484
    CCFCU FUNDING, LLC
    Similarity Rank: 504

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 12,261 $4,176,605,000 $340,641 $6,283 3.03%
    FHA 2,901 $893,755,000 $308,085 $10,981 3.06%
    VA 2,168 $872,840,000 $402,601 $7,969 2.81%
    USDA 491 $133,525,000 $271,945 $7,651 2.99%

    For 2021, Nvr Mortgage Finance's most frequently originated type of loan was Conventional, with 12,261 originations. Their 2nd most popular type was FHA, with 2,901 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17,811 $6,073,615,000 $341,004 $7,291 3.01%
    Refi 10 $3,110,000 $311,000 $6,439 2.87%

    For 2021, Nvr Mortgage Finance's most frequently cited loan purpose was Home Purchase, with 17,811 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 16,997 $5,869,965,000 $345,353 $7,407 3.03%
    15 Year 707 $176,945,000 $250,276 $4,846 2.46%
    20 Year 89 $26,435,000 $297,022 $5,947 2.83%
    10 Year 28 $3,380,000 $120,714 $2,648 2.56%

    For 2021, Nvr Mortgage Finance's most frequently cited loan duration was 30 Year, with 16,997 originations. The 2nd most popular length was 15 Year, with 707 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 6,000 $2,026,080,000 $337,680
    $2k-3k 2,670 $826,420,000 $309,521
    $5k+ 2,606 $1,078,440,000 $413,830
    $3k-4k 1,849 $602,725,000 $325,973
    $4k-5k 1,244 $428,410,000 $344,381
    $<1k 782 $248,520,000 $317,801

    Nvr Mortgage Finance's average total fees were $7,407, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 6,000 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 8,760 $3,011,770,000 $343,809
    3-4% 7,371 $2,413,295,000 $327,404
    <2.5% 1,614 $627,140,000 $388,563
    4-5% 75 $24,155,000 $322,067
    6-7% 1 $365,000 $365,000

    During 2021, Nvr Mortgage Finance's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 8,760 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 11,427 $3,388,795,000 $296,560 $7,027 3.04%
    $400k-600k 3,649 $1,726,495,000 $473,142 $8,827 2.98%
    $100k-200k 1,523 $249,755,000 $163,989 $4,339 2.98%
    $600k-1MM 843 $604,195,000 $716,720 $11,081 2.84%
    $100,000 or less 299 $15,075,000 $50,418 $1,157 2.86%
    $1MM+ 80 $92,410,000 $1,155,125 $13,997 2.69%

    2021 saw Nvr Mortgage Finance place emphasis on $200k-400k loans with 11,427 originations, totaling $3,388,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 5,075 $1,887,375,000 $371,897 $7,505 3.01%
    $50k-75k 4,015 $1,058,485,000 $263,633 $6,838 3.02%
    $75k-100k 3,856 $1,210,650,000 $313,965 $7,314 3.02%
    $150k-250k 2,735 $1,215,055,000 $444,261 $8,085 2.98%
    $50k or less 1,271 $255,275,000 $200,846 $5,618 2.99%
    $250k+ 745 $403,455,000 $541,550 $8,089 2.95%

    Nvr Mortgage Finance lent most frequently to those with incomes in the $100k-150k range, with 5,075 originations. The second most popular income band? $50k-75k, with 4,015 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3,361 $1,148,175,000 $341,617 $6,617 2.96%
    30-36% 3,281 $1,148,745,000 $350,120 $6,904 3.00%
    49% 1,106 $372,470,000 $336,772 $9,083 3.01%
    <20% 938 $277,000,000 $295,309 $5,606 2.93%
    44% 848 $289,100,000 $340,920 $7,831 3.05%
    42% 804 $280,340,000 $348,682 $7,452 3.05%
    43% 796 $260,540,000 $327,312 $7,197 3.06%
    41% 741 $258,865,000 $349,345 $7,427 3.02%
    38% 723 $253,815,000 $351,058 $7,345 3.02%
    40% 701 $243,515,000 $347,382 $7,466 3.03%
    48% 685 $228,575,000 $333,686 $8,417 3.02%
    45% 664 $222,570,000 $335,196 $7,816 3.03%
    39% 662 $234,020,000 $353,505 $7,280 3.04%
    36% 607 $213,075,000 $351,030 $7,373 3.02%
    47% 583 $192,205,000 $329,683 $8,165 3.02%
    37% 582 $203,060,000 $348,900 $7,429 3.02%
    46% 559 $189,155,000 $338,381 $7,964 3.03%
    50-60% 178 $61,220,000 $343,933 $8,551 2.89%
    >60% 2 $280,000 $140,000 $4,469 3.00%

    Nvr Mortgage Finance lent most frequently to those with DTI ratios of 20-30%, with 3,361 originations. The next most common DTI ratio? 30-36%, with 3,281 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9,620 $3,110,460,000 $323,333 $6,973 3.01%
    Black 3,681 $1,308,595,000 $355,500 $8,465 3.04%
    Asian 2,098 $852,680,000 $406,425 $7,016 2.93%
    Not provided 1,960 $628,710,000 $320,770 $7,004 3.01%
    Asian Indian 260 $106,460,000 $409,462 $6,555 2.91%
    American Indian 95 $32,655,000 $343,737 $8,023 2.97%
    Other Asian 38 $13,530,000 $356,053 $6,271 2.97%
    Native Hawaiian or Islander 22 $8,310,000 $377,727 $8,239 3.05%
    Filipino 19 $5,495,000 $289,211 $7,768 2.99%
    Chinese 14 $5,280,000 $377,143 $6,845 2.85%
    Korean 4 $1,560,000 $390,000 $5,873 2.72%
    Vietnamese 4 $1,060,000 $265,000 $7,423 3.00%
    Other Pacific Islander 3 $1,015,000 $338,333 $7,186 3.25%
    Japanese 3 $915,000 $305,000 $7,704 2.79%

    Approval Rates

    Total approvals of all applications
    90.12%

    Nvr Mortgage Finance has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.32%

    Nvr Mortgage Finance has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 17,821 $6,076,725,000 $340,987

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    17,821 $6,076,725,000 $340,987

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 465 $64,855,000 $139,473 $2,717 2.83%
    40-60% 814 $209,950,000 $257,924 $5,148 2.85%
    60-80% 3,123 $1,095,145,000 $350,671 $6,692 3.00%
    80-100% 12,430 $4,381,560,000 $352,499 $7,458 3.04%
    Over 100% 783 $316,105,000 $403,710 $13,685 2.85%
    Under 20% 206 $9,110,000 $44,223 $699 2.88%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    NVR INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 37.5%
    NVR INC. Conventional home mortgage Closing on a mortgage 2 25.0%
    NVR INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 12.5%
    NVR INC. Other type of mortgage Closing on a mortgage 1 12.5%
    NVR INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 12.5%