Nvr Mortgage Finance Rates, Fees & Info

RICHMOND, VA

LEI: 549300KBWX4NV5Q1E376

Tax ID: 25-1664458

2020 Data | 2019 Data | 2018 Data


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 include Washington, Baltimore, Frederick, Pittsburgh, and Richmond among others. They have an above 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. Nvr Mortgage Finance is typically a high fee lendor.


Originations

16,767

Origination Dollar Volume (All Markets)

$5,317,475,000

Relative Rate

Nvr Mortgage Finance 's average 30 year fixed rate mortgage was 3.28%.

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

This yields a difference of -0.08%.

Relative Fees

Nvr Mortgage Finance 's average total fees for a 30 year fixed rate mortgage are $7,099.

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 10,634 $3,352,760,000 $315,287 $5,798 3.29%
FHA 3,341 $982,185,000 $293,979 $10,549 3.28%
VA 2,335 $873,725,000 $374,186 $7,137 3.08%
USDA 457 $108,805,000 $238,085 $7,038 3.22%

For the 2020 period, Nvr Mortgage Finance 's most frequently originated loan type was Conventional, with 10,634 originations. Their 2nd most popular type is FHA, with 3,341 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 16,720 $5,303,960,000 $317,222 $6,969 3.26%
Refi 47 $13,515,000 $287,553 $5,611 2.94%

For the 2020, Nvr Mortgage Finance 's most frequently cited loan purpose was Home Purchase, with 16,720 originations. The 2nd most popular reason was Refi, with 47 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 15,937 $5,121,405,000 $321,353 $7,100 3.28%
15 Year 739 $177,065,000 $239,601 $4,417 2.80%
20 Year 54 $15,430,000 $285,741 $5,814 3.04%
10 Year 27 $3,455,000 $127,963 $2,067 2.79%
30+ year 10 $120,000 $12,000 $0 4.85%

For the 2020, Nvr Mortgage Finance 's most frequently cited loan length was 30 Year, with 15,937 originations. The 2nd most popular length was 15 Year, with 739 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 5,224 $1,614,910,000 $309,133
$3k-4k 2,922 $930,690,000 $318,511
$2k-3k 2,868 $830,540,000 $289,589
$5k+ 1,814 $735,650,000 $405,540
$<1k 760 $228,470,000 $300,618

$7,099 was Nvr Mortgage Finance 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 5,224 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,817 $843,585,000 $464,274 $9,493 3.25%
BALTIMORE-COLUMBIA-TOWSON, MD 1,055 $457,595,000 $433,739 $8,524 3.29%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 775 $338,255,000 $436,458 $8,440 3.30%
PITTSBURGH, PA 939 $295,715,000 $314,925 $5,994 3.25%
RICHMOND, VA 851 $273,295,000 $321,146 $6,727 3.22%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 935 $259,795,000 $277,856 $5,376 3.24%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 815 $247,185,000 $303,294 $6,773 3.20%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 657 $190,985,000 $290,693 $7,103 3.35%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 523 $182,915,000 $349,742 $7,364 3.16%
SALISBURY, MD-DE 593 $173,515,000 $292,605 $5,956 3.36%
CLEVELAND-ELYRIA, OH 654 $163,840,000 $250,520 $6,454 3.17%
CINCINNATI, OH-KY-IN 599 $151,615,000 $253,114 $6,144 3.31%
WILMINGTON, DE-MD-NJ 392 $129,150,000 $329,464 $7,012 3.20%
ORLANDO-KISSIMMEE-SANFORD, FL 434 $128,250,000 $295,507 $7,042 3.30%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 442 $110,260,000 $249,457 $6,686 3.27%
GREENVILLE-ANDERSON, SC 459 $95,955,000 $209,052 $5,311 3.29%
CAMDEN, NJ 331 $90,965,000 $274,819 $7,962 3.20%
DAYTON-KETTERING, OH 316 $86,780,000 $274,620 $6,533 3.26%
COLUMBUS, OH 263 $72,655,000 $276,255 $5,995 3.14%
RALEIGH-CARY, NC 231 $71,935,000 $311,407 $6,070 3.24%
INDIANAPOLIS-CARMEL-ANDERSON, IN 258 $64,900,000 $251,550 $5,518 3.25%
HAGERSTOWN-MARTINSBURG, MD-WV 293 $64,215,000 $219,164 $5,952 3.32%
AKRON, OH 249 $61,085,000 $245,321 $6,065 3.27%
SPARTANBURG, SC 258 $50,000,000 $193,798 $5,542 3.32%
DURHAM-CHAPEL HILL, NC 192 $49,590,000 $258,281 $5,742 3.27%
LAKELAND-WINTER HAVEN, FL 198 $47,080,000 $237,778 $7,475 3.16%
CHARLOTTESVILLE, VA 142 $42,760,000 $301,127 $6,189 3.22%
MIAMI-MIAMI BEACH-KENDALL, FL 136 $42,360,000 $311,471 $7,174 3.39%
ELGIN, IL 163 $41,805,000 $256,472 $6,598 3.30%
CANTON-MASSILLON, OH 180 $41,330,000 $229,611 $5,657 3.26%
NORTH PORT-SARASOTA-BRADENTON, FL 153 $39,995,000 $261,405 $7,661 3.41%
Outside of Metro Areas 140 $38,880,000 $277,714 $6,942 3.32%
NEWARK, NJ-PA 92 $33,960,000 $369,130 $8,182 3.08%
WINCHESTER, VA-WV 105 $31,985,000 $304,619 $7,851 3.28%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 123 $29,785,000 $242,154 $5,915 3.20%
YORK-HANOVER, PA 103 $28,025,000 $272,087 $7,291 3.21%
ROCHESTER, NY 98 $26,450,000 $269,898 $6,438 3.13%
BUFFALO-CHEEKTOWAGA, NY 87 $25,815,000 $296,724 $6,502 3.14%
HARRISBURG-CARLISLE, PA 74 $25,260,000 $341,351 $7,324 3.19%
PORT ST. LUCIE, FL 90 $23,450,000 $260,556 $6,339 3.26%
CHICAGO-NAPERVILLE-EVANSTON, IL 78 $20,400,000 $261,538 $5,154 3.30%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 44 $17,450,000 $396,591 $7,105 3.45%
CHARLESTON-NORTH CHARLESTON, SC 63 $16,625,000 $263,889 $5,127 3.33%
COLUMBIA, SC 86 $15,800,000 $183,721 $5,196 3.28%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 33 $10,455,000 $316,818 $6,469 3.27%
DOVER, DE 30 $8,300,000 $276,667 $5,638 3.40%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 33 $8,035,000 $243,485 $4,927 3.30%
SPRINGFIELD, OH 33 $6,575,000 $199,242 $6,209 3.08%
SEBASTIAN-VERO BEACH, FL 25 $6,415,000 $256,600 $5,451 3.15%
STAUNTON, VA 27 $6,375,000 $236,111 $5,091 3.35%
MORGANTOWN, WV 19 $6,215,000 $327,105 $4,177 3.25%
ATLANTIC CITY-HAMMONTON, NJ 20 $5,310,000 $265,500 $7,014 3.29%
FAYETTEVILLE, NC 16 $3,780,000 $236,250 $5,837 2.88%
HARRISONBURG, VA 17 $3,405,000 $200,294 $5,342 3.01%
SYRACUSE, NY 10 $3,210,000 $321,000 $7,094 3.54%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 7 $2,955,000 $422,143 $8,953 3.16%
NEW BRUNSWICK-LAKEWOOD, NJ 6 $1,950,000 $325,000 $6,192 3.71%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 3 $655,000 $218,333 $7,632 2.96%
HICKORY-LENOIR-MORGANTON, NC 1 $295,000 $295,000 $10,953 2.99%
CHAMBERSBURG-WAYNESBORO, PA 1 $295,000 $295,000 $5,649 2.99%

Nvr Mortgage Finance 's top markets include Washington, Baltimore, Frederick, Pittsburgh, and Richmond among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 9,667 $3,068,165,000 $317,385
2.5-3% 5,473 $1,723,365,000 $314,885
<2.5% 921 $309,795,000 $336,368
4-5% 654 $200,740,000 $306,942
5-6% 50 $14,920,000 $298,400
Over 8% 2 $490,000 $245,000

During 2020, Nvr Mortgage Finance 's average interest rate was 3.28%, while their most frequently originated rate bucket was 3-4%, with 9,667 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 11,120 $3,217,310,000 $289,326 $6,840 3.27%
$400k-600k 2,739 $1,299,625,000 $474,489 $8,887 3.25%
$100k-200k 1,996 $338,130,000 $169,404 $4,541 3.26%
$600k-1MM 617 $433,005,000 $701,791 $11,115 3.17%
$100,000 or less 283 $15,935,000 $56,307 $1,127 3.20%
$1MM+ 12 $13,470,000 $1,122,500 $11,616 2.78%

2020 saw Nvr Mortgage Finance place emphasis on $200k-400k loans with 11,120 originations, totaling $3,217,310,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 4,527 $1,573,085,000 $347,490 $7,381 3.27%
$50k-75k 4,123 $1,037,255,000 $251,578 $6,480 3.25%
$75k-100k 3,628 $1,075,400,000 $296,417 $6,945 3.26%
$150k-250k 2,529 $1,066,145,000 $421,568 $7,655 3.28%
$50k or less 1,281 $245,095,000 $191,331 $5,422 3.20%
$250k+ 639 $308,825,000 $483,294 $7,692 3.30%

Nvr Mortgage Finance lent most frequently to those with incomes in the $100k-150k range, with 4,527 originations. The second most popular income band? $50k-75k, with 4,123 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,852 $909,330,000 $318,839 $6,243 3.19%
30-36% 2,827 $918,225,000 $324,805 $6,692 3.25%
49% 1,030 $319,750,000 $310,437 $8,079 3.22%
44% 898 $287,450,000 $320,100 $7,074 3.30%
43% 767 $235,305,000 $306,786 $7,028 3.30%
<20% 750 $199,930,000 $266,573 $5,152 3.14%
42% 737 $243,075,000 $329,817 $7,030 3.31%
48% 686 $219,070,000 $319,344 $8,078 3.21%
50-60% 669 $219,885,000 $328,677 $9,295 3.44%
40% 668 $208,490,000 $312,111 $6,654 3.30%
41% 651 $210,045,000 $322,650 $6,982 3.28%
39% 645 $207,665,000 $321,961 $6,774 3.29%
45% 619 $196,355,000 $317,213 $7,325 3.25%
46% 613 $195,115,000 $318,295 $7,570 3.27%
38% 608 $192,140,000 $316,020 $6,827 3.29%
37% 581 $185,555,000 $319,372 $6,785 3.27%
47% 578 $181,080,000 $313,287 $7,761 3.27%
36% 573 $183,895,000 $320,934 $6,964 3.28%
>60% 15 $5,115,000 $341,000 $5,671 3.69%

Nvr Mortgage Finance lent most frequently to those with DTI ratios of 20-30%, with 2,852 originations. The next most common DTI ratio? 30-36%, with 2,827 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 10,029 $3,019,855,000 $301,112 $6,589 3.26%
Black 3,558 $1,197,310,000 $336,512 $8,141 3.28%
Asian 1,603 $589,875,000 $367,982 $6,870 3.23%
Not provided 1,166 $364,240,000 $312,384 $6,846 3.22%
Asian Indian 197 $75,015,000 $380,787 $6,403 3.13%
American Indian 107 $34,145,000 $319,112 $6,812 3.20%
Other Asian 49 $18,195,000 $371,327 $7,349 3.19%
Native Hawaiian 27 $8,865,000 $328,333 $6,994 3.15%
Filipino 7 $2,855,000 $407,857 $10,212 3.05%
Korean 6 $2,150,000 $358,333 $6,673 3.65%
Other Pacific Islander 5 $1,745,000 $349,000 $7,037 3.10%
Vietnamese 6 $1,450,000 $241,667 $4,143 3.23%
Chinese 4 $1,020,000 $255,000 $3,658 2.81%
Guamanian 2 $620,000 $310,000 $6,907 3.31%
Japanese 1 $135,000 $135,000 $2,172 3.50%

Approval Rates

Total approvals of all applications
91.86%

Nvr Mortgage Finance has an average approval rate.

Pick Rate

Approvals leading to origination
78.27%

Nvr Mortgage Finance has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 16,767 $5,317,475,000 $317,139

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 16,767 $5,317,475,000 $317,139

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 376 $49,940,000 $132,819 $2,378 3.05%
40-60% 719 $165,825,000 $230,633 $4,585 3.12%
60-80% 2,602 $834,680,000 $320,784 $5,979 3.27%
80-100% 12,049 $3,933,935,000 $326,495 $7,137 3.28%
Over 100% 876 $327,580,000 $373,950 $12,498 3.10%
Under 20% 145 $5,515,000 $38,034 $640 3.31%