Nvr Mortgage Finance Rates, Fees & Info

RICHMOND, VA

LEI: 549300KBWX4NV5Q1E376

Tax ID: 25-1664458

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 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, Baltimore, Philadelphia, Pittsburgh, and Richmond among others. We have data for 48 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 an average 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 6.66% 4/22/24
    30 Year Conventional Refi 3.93% 4/22/24
    30 Year FHA Purchase 7.28% 4/22/24
    30 Year FHA Refi 5.23% 4/22/24
    30 Year VA Purchase 6.09% 4/22/24
    30 Year USDA Purchase 6.72% 4/22/24
    15 Year Conventional Purchase 6.02% 4/22/24
    15 Year FHA Purchase 6.90% 4/22/24
    15 Year VA Purchase 5.68% 4/22/24
    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

    15,080

    Origination Dollar Volume (All Markets)

    $4,827,460,000
    Show all (40) awards

    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) 3,136 $1,379,300,000 $439,828 $8,981 4.62%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1,181 $458,495,000 $388,226 $7,935 4.63%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,072 $353,020,000 $329,310 $7,586 4.50%
    PITTSBURGH, PA (FHA|USDA|VA) 932 $300,250,000 $322,157 $6,285 4.59%
    RICHMOND, VA (FHA|USDA|VA) 853 $248,615,000 $291,460 $6,678 4.57%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 597 $193,195,000 $323,610 $6,852 4.49%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 693 $182,095,000 $262,763 $5,587 4.66%
    SALISBURY, MD-DE (FHA|USDA|VA) 613 $165,965,000 $270,742 $5,496 4.64%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 515 $137,855,000 $267,680 $6,138 4.58%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 444 $130,050,000 $292,905 $6,754 4.67%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 518 $129,430,000 $249,865 $6,528 4.55%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 432 $98,390,000 $227,755 $5,886 4.61%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 361 $92,735,000 $256,884 $5,898 4.60%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 391 $90,175,000 $230,627 $6,199 4.64%
    AKRON, OH (FHA|USDA|VA) 306 $77,850,000 $254,412 $6,397 4.61%
    COLUMBUS, OH (FHA|USDA|VA) 206 $60,510,000 $293,738 $6,142 4.52%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 223 $59,675,000 $267,601 $7,186 4.72%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 213 $58,255,000 $273,498 $5,488 4.62%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 156 $47,910,000 $307,115 $5,954 4.68%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 189 $42,905,000 $227,011 $5,841 4.75%
    DOVER, DE (FHA|USDA|VA) 169 $40,955,000 $242,337 $6,162 4.65%
    RALEIGH-CARY, NC (FHA|USDA|VA) 126 $38,050,000 $301,984 $6,334 4.59%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 145 $36,385,000 $250,931 $6,455 4.73%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 104 $36,060,000 $346,731 $8,281 4.34%
    ROCHESTER, NY (FHA|USDA|VA) 132 $34,850,000 $264,015 $6,368 4.52%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 142 $30,940,000 $217,887 $6,960 4.69%
    Outside of Metro Areas 109 $28,765,000 $263,899 $6,933 4.74%
    COLUMBIA, SC (FHA|USDA|VA) 145 $27,015,000 $186,310 $5,018 4.61%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 76 $22,490,000 $295,921 $7,212 4.51%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 71 $22,165,000 $312,183 $6,102 4.72%
    WINCHESTER, VA-WV (FHA|USDA|VA) 75 $21,415,000 $285,533 $6,933 4.75%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 79 $21,335,000 $270,063 $7,079 4.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 58 $20,380,000 $351,379 $8,133 4.64%
    SPARTANBURG, SC (FHA|USDA|VA) 96 $20,070,000 $209,063 $5,836 4.65%
    SYRACUSE, NY (FHA|USDA|VA) 80 $18,860,000 $235,750 $6,733 4.52%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 89 $17,795,000 $199,944 $5,267 4.71%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 70 $16,440,000 $234,857 $7,429 4.75%
    YORK-HANOVER, PA (FHA|USDA|VA) 59 $13,695,000 $232,119 $5,941 4.65%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 55 $12,665,000 $230,273 $5,567 4.56%
    MORGANTOWN, WV (FHA|USDA|VA) 30 $11,200,000 $373,333 $4,921 4.62%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 51 $11,165,000 $218,922 $6,006 4.85%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 45 $8,115,000 $180,333 $4,835 4.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 18 $3,820,000 $212,222 $5,991 4.72%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 16 $3,770,000 $235,625 $8,026 4.98%
    OCEAN CITY, NJ (FHA|USDA|VA) 5 $1,245,000 $249,000 $4,844 3.93%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $550,000 $275,000 $6,395 4.94%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $375,000 $375,000 $8,658 4.63%
    Wooster, OH (FHA|USDA|VA) 1 $215,000 $215,000 $8,332 5.63%
    Nvr Mortgage Finance's top markets include Washington, Baltimore, Philadelphia, Pittsburgh, and Richmond among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Delaware (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.

    POINT BREEZE
    Similarity Rank: 36
    ABNB Federal Credit Union
    Similarity Rank: 40
    SECNY Federal Credit Union
    Similarity Rank: 44
    VISIONS
    Similarity Rank: 50
    Geddes Federal Savings and Loan Association
    Similarity Rank: 60
    COUNTRYSIDE Federal Credit Union
    Similarity Rank: 84
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 114
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 123
    NEWPORT NEWS SHIPBUILDING EMPLOYEES
    Similarity Rank: 147
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 264

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9,798 $3,136,660,000 $320,133 $6,106 4.62%
    FHA 2,940 $871,390,000 $296,391 $10,296 4.61%
    VA 2,105 $765,275,000 $363,551 $6,923 4.53%
    USDA 237 $54,135,000 $228,418 $7,366 4.57%

    For 2018, Nvr Mortgage Finance's most frequently originated type of loan was Conventional, with 9,798 originations. Their 2nd most popular type was FHA, with 2,940 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15,074 $4,825,260,000 $320,105 $7,057 4.61%
    Refi 6 $2,200,000 $366,667 $3,972 4.13%

    For 2018, Nvr Mortgage Finance's most frequently cited loan purpose was Home Purchase, with 15,074 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 14,397 $4,663,545,000 $323,925 $7,146 4.63%
    15 Year 591 $144,415,000 $244,357 $5,196 4.03%
    20 Year 65 $16,775,000 $258,077 $5,983 4.40%
    10 Year 25 $1,915,000 $76,600 $1,973 3.30%
    3 Year 2 $810,000 $405,000 $11,047 4.75%

    For 2018, Nvr Mortgage Finance's most frequently cited loan duration was 30 Year, with 14,397 originations. The 2nd most popular length was 15 Year, with 591 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,408 $1,382,530,000 $313,641
    $<1k 3,263 $975,765,000 $299,039
    $2k-3k 2,339 $688,045,000 $294,162
    $5k+ 2,293 $918,475,000 $400,556
    $3k-4k 1,657 $504,955,000 $304,740
    $4k-5k 1,106 $354,220,000 $320,271

    Nvr Mortgage Finance's average total fees were $7,146, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,408 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 10,766 $3,427,350,000 $318,349
    5-6% 2,337 $739,505,000 $316,433
    3-4% 1,936 $650,040,000 $335,764
    2.5-3% 28 $9,790,000 $349,643
    <2.5% 10 $50,000 $5,000
    6-7% 3 $725,000 $241,667

    During 2018, Nvr Mortgage Finance's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 10,766 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 9,613 $2,792,035,000 $290,444 $6,790 4.63%
    $400k-600k 2,620 $1,233,180,000 $470,679 $9,160 4.58%
    $100k-200k 2,008 $336,920,000 $167,789 $4,651 4.62%
    $600k-1MM 629 $432,695,000 $687,909 $11,476 4.45%
    $100,000 or less 190 $10,770,000 $56,684 $1,214 4.32%
    $1MM+ 20 $21,860,000 $1,093,000 $17,357 4.30%

    2018 saw Nvr Mortgage Finance place emphasis on $200k-400k loans with 9,613 originations, totaling $2,792,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 4,520 $1,550,050,000 $342,931 $7,393 4.62%
    $75k-100k 3,319 $955,305,000 $287,829 $6,826 4.63%
    $50k-75k 3,055 $738,705,000 $241,802 $6,331 4.62%
    $150k-250k 2,570 $1,064,700,000 $414,280 $7,910 4.57%
    $50k or less 905 $168,355,000 $186,028 $5,254 4.56%
    $250k+ 632 $325,190,000 $514,541 $8,376 4.51%

    Nvr Mortgage Finance lent most frequently to those with incomes in the $100k-150k range, with 4,520 originations. The second most popular income band? $75k-100k, with 3,319 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 2,325 $745,475,000 $320,634 $6,590 4.58%
    20-30% 2,083 $648,045,000 $311,111 $6,352 4.51%
    50-60% 1,773 $589,895,000 $332,710 $9,719 4.54%
    49% 909 $290,395,000 $319,466 $6,655 4.67%
    44% 669 $211,715,000 $316,465 $6,819 4.71%
    42% 667 $224,635,000 $336,784 $7,187 4.65%
    48% 619 $199,005,000 $321,494 $6,797 4.69%
    43% 610 $188,950,000 $309,754 $6,838 4.69%
    47% 600 $195,590,000 $325,983 $7,343 4.67%
    40% 567 $181,855,000 $320,732 $6,737 4.65%
    45% 561 $171,805,000 $306,248 $6,775 4.66%
    46% 546 $170,980,000 $313,150 $7,143 4.68%
    41% 543 $183,975,000 $338,812 $7,046 4.62%
    39% 524 $172,140,000 $328,511 $6,768 4.64%
    38% 522 $172,280,000 $330,038 $7,020 4.63%
    37% 499 $162,525,000 $325,701 $6,922 4.63%
    <20% 475 $121,085,000 $254,916 $5,340 4.42%
    36% 452 $145,920,000 $322,832 $6,533 4.65%
    >60% 115 $43,695,000 $379,957 $6,958 4.54%

    Nvr Mortgage Finance lent most frequently to those with DTI ratios of 30-36%, with 2,325 originations. The next most common DTI ratio? 20-30%, with 2,083 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,498 $2,574,700,000 $302,977 $6,676 4.61%
    Black 3,253 $1,095,495,000 $336,765 $8,135 4.67%
    Asian 1,901 $698,465,000 $367,420 $7,087 4.49%
    Not provided 1,250 $397,160,000 $317,728 $6,826 4.58%
    American Indian 76 $25,140,000 $330,789 $6,735 4.55%
    Native Hawaiian or Islander 55 $18,095,000 $329,000 $7,280 4.62%
    Asian Indian 39 $14,965,000 $383,718 $6,195 4.71%
    Other Asian 4 $1,380,000 $345,000 $8,945 5.03%
    Vietnamese 1 $775,000 $775,000 $6,399 3.88%
    Korean 1 $705,000 $705,000 $5,956 4.00%
    Chinese 2 $580,000 $290,000 $1,413 4.88%

    Approval Rates

    Total approvals of all applications
    95.30%

    Nvr Mortgage Finance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    72.22%

    Nvr Mortgage Finance has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 15,080 $4,827,460,000 $320,123

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 15,080 $4,827,460,000 $320,123

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 323 $45,055,000 $139,489 $2,707 4.39%
    40-60% 672 $155,100,000 $230,804 $4,873 4.41%
    60-80% 2,811 $935,705,000 $332,873 $6,470 4.55%
    80-100% 10,465 $3,422,025,000 $326,997 $7,219 4.65%
    Over 100% 705 $264,985,000 $375,865 $11,979 4.52%
    Under 20% 104 $4,590,000 $44,135 $755 4.29%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    NVR INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 28.6%
    NVR INC. Conventional home mortgage Closing on a mortgage 3 42.9%
    NVR INC. Other type of mortgage Closing on a mortgage 1 14.3%
    NVR INC. VA mortgage Closing on a mortgage 1 14.3%