Nvr Mortgage Finance Rates, Fees & Info
RICHMOND, VALEI: 549300KBWX4NV5Q1E376
Tax ID: 25-1664458
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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, Philadelphia, Baltimore, Pittsburgh, and Charlotte among others. Nvr Mortgage Finance has an above average approval rate for mortages when compared nationally. 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
17,821Origination Dollar Volume (All Markets)
$6,076,725,000Awards
NVR Mortgage Finance - 2021
NVR Mortgage Finance is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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
| 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 |
| $3k-4k | 3,093 | $1,031,135,000 | $333,377 |
| $2k-3k | 2,670 | $826,420,000 | $309,521 |
| $5k+ | 2,606 | $1,078,440,000 | $413,830 |
| $<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 | 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 applications91.40%
Nvr Mortgage Finance has an average approval rate.
Pick Rate
Approvals leading to origination80.16%
Nvr Mortgage Finance has a below 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% |
