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

2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • 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. 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 in 2021-- chances are they are still one in 2022.

    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 5.59% 8/7/22
    30 Year Conventional Refi 5.56% 8/7/22
    30 Year FHA Purchase 6.49% 8/7/22
    30 Year FHA Refi 6.07% 8/7/22
    30 Year VA Purchase 5.29% 8/7/22
    30 Year USDA Purchase 5.87% 8/7/22
    15 Year Conventional Purchase 4.52% 8/7/22
    15 Year Conventional Refi 4.92% 8/7/22
    15 Year Cash-out Refi 4.92% 8/7/22
    15 Year FHA Purchase 5.18% 8/7/22
    15 Year VA Purchase 4.26% 8/7/22
    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 rate mortgage of loans were 3.03%.

    The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

    This yields a difference of -0.12%.

    Relative Fees

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

    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 $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.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Nvr Mortgage Finance 's most frequently originated loan type of loans were Conventional, with 12,261 originations. Their 2nd most popular type is FHA, with 2,901 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Nvr Mortgage Finance 's most frequently cited loan purpose of loans were Home Purchase, with 17,811 originations. The 2nd most popular reason of loans were 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 the 2021, Nvr Mortgage Finance 's most frequently cited loan length of loans were 30 Year, with 16,997 originations. The 2nd most popular length of loans were 15 Year, with 707 originations.

    Origination Fees

    Origination Fee 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

    $7,407 of loans were Nvr Mortgage Finance 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.03%, while their most frequently originated rate bucket of loans were 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%