Nvr Mortgage Finance Rates, Fees & Info
RICHMOND, VALEI: 549300KBWX4NV5Q1E376
Tax ID: 25-1664458
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Mortgage Data
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 52 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
16,560Origination Dollar Volume (All Markets)
$5,166,500,000Awards
NVR Mortgage Finance - 2019
NVR Mortgage Finance is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 2,965 | $1,282,155,000 | $432,430 | $9,053 | 4.20% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1,292 | $512,760,000 | $396,873 | $7,972 | 4.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1,155 | $360,075,000 | $311,753 | $7,776 | 4.08% |
| PITTSBURGH, PA (FHA|USDA|VA) | 978 | $313,100,000 | $320,143 | $5,900 | 4.18% |
| RICHMOND, VA (FHA|USDA|VA) | 824 | $250,970,000 | $304,575 | $6,873 | 4.19% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 695 | $214,075,000 | $308,022 | $7,007 | 4.18% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 696 | $180,560,000 | $259,425 | $5,444 | 4.22% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 655 | $171,445,000 | $261,748 | $5,791 | 4.33% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 632 | $162,020,000 | $256,361 | $6,375 | 4.17% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 614 | $151,490,000 | $246,726 | $6,427 | 4.23% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 490 | $137,400,000 | $280,408 | $7,176 | 4.23% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 470 | $113,030,000 | $240,489 | $6,707 | 4.23% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 377 | $105,815,000 | $280,676 | $7,523 | 4.24% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 468 | $103,840,000 | $221,880 | $5,385 | 4.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 379 | $97,455,000 | $257,137 | $6,169 | 4.21% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 313 | $71,915,000 | $229,760 | $5,682 | 4.40% |
| COLUMBUS, OH (FHA|USDA|VA) | 235 | $68,285,000 | $290,574 | $5,887 | 4.03% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 207 | $63,475,000 | $306,643 | $6,110 | 4.19% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 220 | $60,150,000 | $273,409 | $6,330 | 4.09% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 195 | $58,675,000 | $300,897 | $5,225 | 4.23% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 236 | $58,350,000 | $247,246 | $6,045 | 4.26% |
| AKRON, OH (FHA|USDA|VA) | 243 | $57,215,000 | $235,453 | $5,836 | 4.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 135 | $43,665,000 | $323,444 | $6,955 | 4.26% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 125 | $42,885,000 | $343,080 | $9,655 | 3.98% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 155 | $39,985,000 | $257,968 | $7,251 | 4.09% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 135 | $39,005,000 | $288,926 | $6,853 | 4.27% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 171 | $37,875,000 | $221,491 | $7,102 | 4.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 150 | $33,040,000 | $220,267 | $6,069 | 4.24% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 135 | $32,875,000 | $243,519 | $6,447 | 4.26% |
| Outside of Metro Areas | 128 | $32,560,000 | $254,375 | $7,329 | 4.18% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 95 | $25,785,000 | $271,421 | $7,315 | 4.30% |
| ROCHESTER, NY (FHA|USDA|VA) | 99 | $25,525,000 | $257,828 | $6,090 | 4.08% |
| DOVER, DE (FHA|USDA|VA) | 87 | $24,675,000 | $283,621 | $6,874 | 4.45% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 96 | $22,290,000 | $232,188 | $5,083 | 4.10% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 79 | $19,585,000 | $247,911 | $5,303 | 4.38% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 63 | $18,165,000 | $288,333 | $6,393 | 4.42% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 64 | $16,450,000 | $257,031 | $5,389 | 4.18% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 63 | $15,215,000 | $241,508 | $6,870 | 4.18% |
| COLUMBIA, SC (FHA|USDA|VA) | 81 | $15,005,000 | $185,247 | $4,521 | 4.30% |
| SYRACUSE, NY (FHA|USDA|VA) | 54 | $14,090,000 | $260,926 | $7,194 | 4.23% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 57 | $14,065,000 | $246,754 | $5,720 | 4.45% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 45 | $10,945,000 | $243,222 | $5,350 | 4.36% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 42 | $10,540,000 | $250,952 | $7,685 | 3.99% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 53 | $10,015,000 | $188,962 | $5,618 | 4.64% |
| MORGANTOWN, WV (FHA|USDA|VA) | 21 | $7,895,000 | $375,952 | $3,349 | 4.17% |
| STAUNTON, VA (FHA|USDA|VA) | 31 | $6,615,000 | $213,387 | $4,817 | 4.21% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 26 | $6,480,000 | $249,231 | $8,989 | 3.97% |
| Wooster, OH (FHA|USDA|VA) | 12 | $2,750,000 | $229,167 | $7,346 | 4.20% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 8 | $1,910,000 | $238,750 | $7,246 | 4.48% |
| Batavia, NY (FHA|USDA|VA) | 9 | $1,825,000 | $202,778 | $6,346 | 3.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $700 | 3.99% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,628 | 4.63% |
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Product Mix
For 2019, Nvr Mortgage Finance's most frequently originated type of loan was Conventional, with 10,167 originations. Their 2nd most popular type was FHA, with 3,718 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 16,551 | $5,163,345,000 | $311,966 | $7,052 | 4.21% |
| Refi | 9 | $3,155,000 | $350,556 | $4,636 | 3.85% |
For 2019, Nvr Mortgage Finance's most frequently cited loan purpose was Home Purchase, with 16,551 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
For 2019, Nvr Mortgage Finance's most frequently cited loan duration was 30 Year, with 15,775 originations. The 2nd most popular length was 15 Year, with 708 originations.
Origination Fees/Closing Costs
Nvr Mortgage Finance's average total fees were $7,180, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,596 originations.
Interest Rates
During 2019, Nvr Mortgage Finance's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 4-5%, with 7,825 originations.
Loan Sizing
2019 saw Nvr Mortgage Finance place emphasis on $200k-400k loans with 10,867 originations, totaling $3,127,755,000 in origination value.
Applicant Income
Nvr Mortgage Finance lent most frequently to those with incomes in the $100k-150k range, with 4,854 originations. The second most popular income band? $75k-100k, with 3,736 originations.
Applicant Debt to Income Ratio
Nvr Mortgage Finance lent most frequently to those with DTI ratios of 30-36%, with 2,602 originations. The next most common DTI ratio? 20-30%, with 2,335 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.84%
Nvr Mortgage Finance has an average approval rate.
Pick Rate
Approvals leading to origination78.41%
Nvr Mortgage Finance has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 16,560 | $5,166,500,000 | $311,987 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 16,560 | $5,166,500,000 | $311,987 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NVR INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
| NVR INC. | FHA mortgage | Closing on a mortgage | 2 | 66.7% |