Nfm Mortgage Rates, Fees & Info

LINTHICUM, MD

LEI: 549300MCIFZSDHUT8X63

Tax ID: 52-2102740

2020 Data | 2019 Data | 2018 Data


Overview

Nfm is a large mortgage company specializing in Home Purchase and Refi loans. Nfm 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, Phoenix, Columbus, and Providence 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. Nfm is typically an average fee lendor.


Originations

25,868

Origination Dollar Volume (All Markets)

$8,008,270,000

Relative Rate

Nfm 's average 30 year fixed rate mortgage was 3.19%.

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

This yields a difference of -0.17%.

Relative Fees

Nfm 's average total fees for a 30 year fixed rate mortgage are $5,335.

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 20,400 $6,442,620,000 $315,815 $4,464 3.09%
FHA 3,553 $940,445,000 $264,690 $8,198 3.40%
VA 1,688 $580,130,000 $343,679 $7,507 3.09%
USDA 227 $45,075,000 $198,568 $4,757 3.29%

For the 2020 period, Nfm 's most frequently originated loan type was Conventional, with 20,400 originations. Their 2nd most popular type is FHA, with 3,553 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 13,775 $4,206,335,000 $305,360 $5,847 3.22%
Refi 9,874 $3,156,070,000 $319,634 $4,237 2.98%
Cash Out Refi 2,219 $645,865,000 $291,061 $4,922 3.25%

For the 2020, Nfm 's most frequently cited loan purpose was Home Purchase, with 13,775 originations. The 2nd most popular reason was Refi, with 9,874 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 22,382 $7,070,020,000 $315,880 $5,335 3.19%
15 Year 1,825 $467,825,000 $256,342 $3,840 2.58%
20 Year 922 $259,820,000 $281,800 $4,119 3.02%
Other 654 $193,750,000 $296,254 $3,872 2.95%
10 Year 85 $16,855,000 $198,294 $3,585 2.57%

For the 2020, Nfm 's most frequently cited loan length was 30 Year, with 22,382 originations. The 2nd most popular length was 15 Year, with 1,825 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 14,360 $4,511,130,000 $314,146
$<1k 3,682 $1,058,730,000 $287,542
$2k-3k 3,139 $847,745,000 $270,068
$3k-4k 2,701 $830,925,000 $307,636
$5k+ 1,452 $620,370,000 $427,252

$5,335 was Nfm 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 14,360 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 3,441 $1,363,605,000 $396,282 $5,147 3.07%
BALTIMORE-COLUMBIA-TOWSON, MD 3,278 $1,028,810,000 $313,853 $5,104 3.11%
PHOENIX-MESA-CHANDLER, AZ 2,549 $694,415,000 $272,426 $5,483 3.30%
COLUMBUS, OH 1,832 $418,500,000 $228,439 $4,602 3.24%
PROVIDENCE-WARWICK, RI-MA 1,432 $384,100,000 $268,226 $5,046 3.30%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,293 $374,705,000 $289,795 $4,807 3.16%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 941 $348,285,000 $370,122 $5,306 3.06%
DENVER-AURORA-LAKEWOOD, CO 867 $332,865,000 $383,927 $7,016 3.11%
RICHMOND, VA 1,164 $321,260,000 $275,997 $4,842 3.12%
SEATTLE-BELLEVUE-KENT, WA 755 $299,375,000 $396,523 $5,416 2.88%
LOS ANGELES-LONG BEACH-GLENDALE, CA 508 $252,450,000 $496,949 $5,254 3.06%
Outside of Metro Areas 1,010 $249,340,000 $246,871 $4,600 3.12%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 486 $135,920,000 $279,671 $3,853 3.19%
BOSTON, MA 287 $117,255,000 $408,554 $5,252 3.12%
NORTH PORT-SARASOTA-BRADENTON, FL 379 $95,445,000 $251,834 $5,079 3.10%
OAKLAND-BERKELEY-LIVERMORE, CA 185 $79,035,000 $427,216 $5,405 3.10%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 253 $75,885,000 $299,941 $5,597 3.03%
TACOMA-LAKEWOOD, WA 215 $71,685,000 $333,419 $6,163 2.91%
Outside of Metro Areas 245 $68,935,000 $281,367 $6,840 3.13%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 135 $57,525,000 $426,111 $4,276 3.04%
YORK-HANOVER, PA 283 $56,415,000 $199,346 $4,457 3.07%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 132 $54,720,000 $414,545 $4,886 3.01%
CAMDEN, NJ 237 $53,955,000 $227,658 $4,724 3.12%
SALISBURY, MD-DE 197 $51,795,000 $262,919 $4,593 2.99%
CHARLOTTESVILLE, VA 179 $49,375,000 $275,838 $4,165 3.13%
WILMINGTON, DE-MD-NJ 201 $47,575,000 $236,692 $5,380 3.07%
DOVER, DE 201 $46,095,000 $229,328 $5,779 2.90%
DAYTON-KETTERING, OH 217 $44,775,000 $206,336 $6,092 3.26%
RALEIGH-CARY, NC 157 $42,775,000 $272,452 $3,652 3.02%
FAYETTEVILLE, NC 229 $41,805,000 $182,555 $4,409 3.27%
GREELEY, CO 80 $31,570,000 $394,625 $8,468 3.00%
ANAHEIM-SANTA ANA-IRVINE, CA 65 $30,975,000 $476,538 $5,635 3.00%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 78 $28,250,000 $362,179 $8,011 3.30%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 66 $23,620,000 $357,879 $5,229 3.12%
BOULDER, CO 51 $21,775,000 $426,961 $7,770 3.11%
HAGERSTOWN-MARTINSBURG, MD-WV 85 $21,475,000 $252,647 $4,475 3.17%
GREENSBORO-HIGH POINT, NC 101 $21,275,000 $210,644 $4,172 3.21%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 53 $19,155,000 $361,415 $5,647 3.04%
WORCESTER, MA-CT 64 $19,050,000 $297,656 $4,500 3.09%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 56 $18,370,000 $328,036 $4,821 3.04%
PHILADELPHIA, PA 67 $17,425,000 $260,075 $5,596 3.06%
NEW BRUNSWICK-LAKEWOOD, NJ 56 $16,790,000 $299,821 $5,608 3.12%
LANCASTER, PA 76 $15,880,000 $208,947 $4,593 3.02%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 48 $15,010,000 $312,708 $4,894 3.01%
MIAMI-MIAMI BEACH-KENDALL, FL 36 $14,160,000 $393,333 $6,633 3.15%
NEW ORLEANS-METAIRIE, LA 51 $12,135,000 $237,941 $3,897 3.11%
CINCINNATI, OH-KY-IN 44 $11,590,000 $263,409 $6,381 3.24%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 17 $11,205,000 $659,118 $8,206 3.14%
WINSTON-SALEM, NC 57 $10,955,000 $192,193 $3,989 3.25%
NEWARK, NJ-PA 28 $10,530,000 $376,071 $6,178 3.14%
FORT COLLINS, CO 27 $10,435,000 $386,481 $8,583 2.93%
HARRISBURG-CARLISLE, PA 52 $10,340,000 $198,846 $4,597 3.07%
MOUNT VERNON-ANACORTES, WA 30 $10,230,000 $341,000 $4,285 2.90%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 32 $10,010,000 $312,813 $5,579 3.04%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 31 $9,835,000 $317,258 $5,881 3.16%
ORLANDO-KISSIMMEE-SANFORD, FL 32 $9,820,000 $306,875 $6,171 3.25%
BARNSTABLE TOWN, MA 30 $9,600,000 $320,000 $3,949 2.92%
JACKSONVILLE, FL 30 $9,490,000 $316,333 $5,015 3.15%
WINCHESTER, VA-WV 31 $8,345,000 $269,194 $5,077 3.10%
GETTYSBURG, PA 32 $7,640,000 $238,750 $5,462 3.01%
DALLAS-PLANO-IRVING, TX 32 $6,960,000 $217,500 $5,713 3.87%
FLAGSTAFF, AZ 20 $6,760,000 $338,000 $4,739 2.97%
DURHAM-CHAPEL HILL, NC 25 $6,485,000 $259,400 $4,035 3.03%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 24 $6,390,000 $266,250 $3,563 3.02%
STOCKTON, CA 19 $6,285,000 $330,789 $7,601 3.13%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 18 $6,200,000 $344,444 $5,126 2.82%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 19 $6,065,000 $319,211 $4,702 3.27%
VALLEJO, CA 16 $5,980,000 $373,750 $4,854 3.22%
CHARLESTON-NORTH CHARLESTON, SC 16 $5,870,000 $366,875 $3,279 2.95%
TUCSON, AZ 22 $5,830,000 $265,000 $4,496 3.23%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 35 $5,785,000 $165,286 $4,620 3.98%
COLORADO SPRINGS, CO 17 $5,615,000 $330,294 $5,749 2.99%
CLEVELAND-ELYRIA, OH 23 $5,615,000 $244,130 $5,110 3.03%
CALIFORNIA-LEXINGTON PARK, MD 18 $5,580,000 $310,000 $4,155 3.13%
BELLINGHAM, WA 18 $5,510,000 $306,111 $5,157 2.94%
LAKELAND-WINTER HAVEN, FL 25 $5,475,000 $219,000 $5,664 3.20%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 21 $5,335,000 $254,048 $4,770 3.06%
OXNARD-THOUSAND OAKS-VENTURA, CA 10 $5,010,000 $501,000 $4,833 3.11%
READING, PA 24 $4,950,000 $206,250 $5,065 3.05%
CAPE CORAL-FORT MYERS, FL 20 $4,860,000 $243,000 $4,908 3.14%
HARRISONBURG, VA 18 $4,690,000 $260,556 $3,782 2.99%
STAUNTON, VA 20 $4,670,000 $233,500 $3,677 3.24%
PUNTA GORDA, FL 18 $4,160,000 $231,111 $4,655 2.96%
OCEAN CITY, NJ 13 $4,045,000 $311,154 $4,075 3.08%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 17 $3,995,000 $235,000 $8,124 3.58%
NEW HAVEN-MILFORD, CT 18 $3,970,000 $220,556 $4,540 3.10%
ROANOKE, VA 12 $3,900,000 $325,000 $4,330 3.06%
SPARTANBURG, SC 19 $3,755,000 $197,632 $3,693 3.13%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 8 $3,480,000 $435,000 $8,460 3.06%
SAN RAFAEL, CA 6 $3,280,000 $546,667 $7,683 3.08%
PRESCOTT VALLEY-PRESCOTT, AZ 12 $3,270,000 $272,500 $3,694 3.14%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 7 $3,225,000 $460,714 $4,676 3.20%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 10 $2,960,000 $296,000 $4,545 3.01%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 11 $2,945,000 $267,727 $4,582 3.04%
MILWAUKEE-WAUKESHA, WI 10 $2,850,000 $285,000 $2,629 3.18%
ATLANTIC CITY-HAMMONTON, NJ 11 $2,715,000 $246,818 $5,012 3.08%
HICKORY-LENOIR-MORGANTON, NC 10 $2,710,000 $271,000 $3,838 3.61%
EAST STROUDSBURG, PA 13 $2,395,000 $184,231 $4,394 3.30%
LEBANON, PA 14 $2,390,000 $170,714 $4,314 2.99%
OLYMPIA-LACEY-TUMWATER, WA 9 $2,335,000 $259,444 $4,767 3.03%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 8 $2,330,000 $291,250 $4,190 3.19%
NAPLES-MARCO ISLAND, FL 7 $2,295,000 $327,857 $6,588 3.21%
VINELAND-BRIDGETON, NJ 12 $2,220,000 $185,000 $5,665 3.13%
NORWICH-NEW LONDON, CT 9 $2,045,000 $227,222 $4,631 3.08%
PORT ST. LUCIE, FL 9 $1,975,000 $219,444 $4,519 3.03%
SEBASTIAN-VERO BEACH, FL 6 $1,930,000 $321,667 $5,150 3.13%
HOMOSASSA SPRINGS, FL 6 $1,770,000 $295,000 $4,948 3.06%
NAPA, CA 5 $1,705,000 $341,000 $8,806 2.50%
AKRON, OH 6 $1,700,000 $283,333 $4,989 3.50%
WENATCHEE, WA 5 $1,695,000 $339,000 $4,341 2.80%
WILMINGTON, NC 7 $1,695,000 $242,143 $4,231 3.32%
FRESNO, CA 5 $1,685,000 $337,000 $3,721 3.05%
SCRANTON--WILKES-BARRE, PA 9 $1,685,000 $187,222 $5,046 3.22%
SPRINGFIELD, OH 10 $1,670,000 $167,000 $5,724 3.51%
SANTA MARIA-SANTA BARBARA, CA 3 $1,605,000 $535,000 $4,802 3.13%
CHICO, CA 5 $1,545,000 $309,000 $3,982 3.18%
CHICAGO-NAPERVILLE-EVANSTON, IL 6 $1,530,000 $255,000 $5,911 3.21%
BAKERSFIELD, CA 5 $1,515,000 $303,000 $4,547 2.80%
PENSACOLA-FERRY PASS-BRENT, FL 6 $1,510,000 $251,667 $4,592 3.00%
LYNCHBURG, VA 6 $1,510,000 $251,667 $3,228 3.15%
CHAMBERSBURG-WAYNESBORO, PA 8 $1,510,000 $188,750 $4,995 3.14%
SPOKANE-SPOKANE VALLEY, WA 6 $1,440,000 $240,000 $3,075 2.94%
MODESTO, CA 4 $1,430,000 $357,500 $6,833 3.28%
BRIDGEPORT-STAMFORD-NORWALK, CT 3 $1,425,000 $475,000 $5,033 3.00%
CORPUS CHRISTI, TX 8 $1,390,000 $173,750 $4,403 3.00%
OCALA, FL 8 $1,340,000 $167,500 $6,332 3.03%
PARKERSBURG-VIENNA, WV 7 $1,305,000 $186,429 $4,321 3.00%
LAS VEGAS-HENDERSON-PARADISE, NV 4 $1,270,000 $317,500 $5,621 2.88%
KENNEWICK-RICHLAND, WA 4 $1,270,000 $317,500 $2,912 2.81%
CLARKSVILLE, TN-KY 6 $1,250,000 $208,333 $5,756 3.04%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 4 $1,250,000 $312,500 $6,685 2.66%
MORGANTOWN, WV 6 $1,230,000 $205,000 $4,505 3.06%
PITTSFIELD, MA 4 $1,220,000 $305,000 $3,367 2.53%
JACKSONVILLE, NC 4 $1,180,000 $295,000 $4,238 3.34%
BRUNSWICK, GA 3 $1,155,000 $385,000 $3,423 2.96%
SEBRING-AVON PARK, FL 5 $1,105,000 $221,000 $4,263 3.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN 6 $1,090,000 $181,667 $3,790 3.50%
YAKIMA, WA 4 $1,090,000 $272,500 $4,858 2.75%
HILTON HEAD ISLAND-BLUFFTON, SC 3 $1,055,000 $351,667 $4,349 3.04%
BOISE CITY, ID 4 $1,020,000 $255,000 $5,287 3.06%
BURLINGTON, NC 5 $1,005,000 $201,000 $4,360 3.48%
TRENTON-PRINCETON, NJ 4 $990,000 $247,500 $4,551 3.09%
PITTSBURGH, PA 5 $965,000 $193,000 $5,220 3.03%
ROCKY MOUNT, NC 6 $960,000 $160,000 $6,048 2.92%
KNOXVILLE, TN 2 $940,000 $470,000 $3,083 2.75%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 3 $935,000 $311,667 $4,159 3.42%
ASHEVILLE, NC 3 $935,000 $311,667 $1,613 3.25%
GOLDSBORO, NC 6 $900,000 $150,000 $3,796 3.17%
VISALIA, CA 2 $900,000 $450,000 $7,855 3.56%
SAN ANTONIO-NEW BRAUNFELS, TX 5 $875,000 $175,000 $4,031 3.05%
SPRINGFIELD, MA 4 $860,000 $215,000 $7,429 3.03%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 3 $845,000 $281,667 $4,167 2.92%
MERCED, CA 3 $825,000 $275,000 $5,488 2.83%
GAINESVILLE, FL 5 $815,000 $163,000 $4,534 3.58%
MADISON, WI 2 $810,000 $405,000 $4,283 3.00%
PROVO-OREM, UT 2 $780,000 $390,000 $6,583 3.13%
SANTA CRUZ-WATSONVILLE, CA 1 $765,000 $765,000 $4,955 3.13%
BLACKSBURG-CHRISTIANSBURG, VA 3 $765,000 $255,000 $3,003 3.04%
PALM BAY-MELBOURNE-TITUSVILLE, FL 3 $705,000 $235,000 $3,525 3.17%
PORTLAND-SOUTH PORTLAND, ME 3 $705,000 $235,000 $3,021 2.88%
ELGIN, IL 3 $705,000 $235,000 $2,690 3.17%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 2 $670,000 $335,000 $3,661 3.00%
STATE COLLEGE, PA 4 $670,000 $167,500 $4,112 2.88%
THE VILLAGES, FL 3 $615,000 $205,000 $4,230 2.79%
GRAND RAPIDS-KENTWOOD, MI 4 $610,000 $152,500 $2,121 3.13%
AUGUSTA-RICHMOND COUNTY, GA-SC 4 $600,000 $150,000 $4,110 3.65%
GREENVILLE-ANDERSON, SC 3 $585,000 $195,000 $3,892 2.83%
BLOOMSBURG-BERWICK, PA 2 $570,000 $285,000 $3,185 2.94%
MEMPHIS, TN-MS-AR 3 $565,000 $188,333 $4,275 3.46%
EL PASO, TX 3 $515,000 $171,667 $4,525 3.33%
NEW BERN, NC 3 $505,000 $168,333 $5,685 2.88%
FLORENCE, SC 2 $480,000 $240,000 $3,998 2.88%
CANTON-MASSILLON, OH 4 $470,000 $117,500 $3,719 3.63%
LAKE HAVASU CITY-KINGMAN, AZ 3 $465,000 $155,000 $3,658 3.33%
WALLA WALLA, WA 1 $455,000 $455,000 $4,056 2.63%
AMARILLO, TX 1 $455,000 $455,000 $4,191 3.13%
SANTA FE, NM 2 $450,000 $225,000 $4,690 2.88%
PEORIA, IL 1 $445,000 $445,000 $8,109 3.13%
FORT WAYNE, IN 1 $425,000 $425,000 $3,621 3.63%
ANN ARBOR, MI 1 $425,000 $425,000 $7,336 3.88%
ALBUQUERQUE, NM 2 $420,000 $210,000 $4,816 2.69%
KINGSPORT-BRISTOL, TN-VA 1 $415,000 $415,000 $5,829 2.75%
OGDEN-CLEARFIELD, UT 1 $415,000 $415,000 $3,331 2.25%
SALEM, OR 1 $415,000 $415,000 $5,803 3.50%
SIERRA VISTA-DOUGLAS, AZ 2 $410,000 $205,000 $3,740 2.88%
MANSFIELD, OH 3 $395,000 $131,667 $3,909 3.13%
TULSA, OK 1 $375,000 $375,000 $13,287 2.63%
SANTA ROSA-PETALUMA, CA 1 $365,000 $365,000 $6,545 3.12%
YUBA CITY, CA 1 $365,000 $365,000 $3,643 3.13%
PANAMA CITY, FL 1 $365,000 $365,000 $2,189 3.13%
FARMINGTON, NM 1 $355,000 $355,000 $3,520 3.00%
PUEBLO, CO 1 $335,000 $335,000 $7,699 2.63%
SOUTH BEND-MISHAWAKA, IN-MI 1 $315,000 $315,000 $3,012 2.63%
WACO, TX 1 $315,000 $315,000 $3,894 2.88%
COLUMBIA, SC 1 $315,000 $315,000 $1,575 2.63%
SALT LAKE CITY, UT 1 $305,000 $305,000 $3,210 2.50%
SAN LUIS OBISPO-PASO ROBLES, CA 1 $285,000 $285,000 $4,336 3.38%
LEXINGTON-FAYETTE, KY 1 $285,000 $285,000 $6,202 3.38%
EUGENE-SPRINGFIELD, OR 1 $275,000 $275,000 $4,451 3.63%
REDDING, CA 1 $265,000 $265,000 $3,836 2.75%
GRAND JUNCTION, CO 1 $265,000 $265,000 $7,185 3.13%
ROME, GA 1 $235,000 $235,000 $3,392 3.50%
LAS CRUCES, NM 1 $225,000 $225,000 $3,891 2.75%
WEIRTON-STEUBENVILLE, WV-OH 1 $215,000 $215,000 $7,288 2.25%
TALLAHASSEE, FL 1 $205,000 $205,000 $3,662 2.75%
WICHITA FALLS, TX 1 $205,000 $205,000 $6,846 2.63%
SAVANNAH, GA 1 $195,000 $195,000 $3,490 2.75%
COLLEGE STATION-BRYAN, TX 1 $185,000 $185,000 $3,657 3.63%
ST. GEORGE, UT 1 $175,000 $175,000 $4,162 3.25%
LIMA, OH 1 $165,000 $165,000 $4,767 2.63%
MIDLAND, MI 1 $135,000 $135,000 $600 3.25%
TOLEDO, OH 1 $125,000 $125,000 $3,349 2.88%
GREEN BAY, WI 1 $125,000 $125,000 $2,835 3.25%
WHEELING, WV-OH 1 $115,000 $115,000 $3,664 2.75%
ELIZABETHTOWN-FORT KNOX, KY 1 $105,000 $105,000 $3,575 3.00%
WARREN-TROY-FARMINGTON HILLS, MI 1 $85,000 $85,000 $3,473 3.13%

Nfm 's top markets include Washington, Baltimore, Phoenix, Columbus, and Providence among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 11,664 $3,448,500,000 $295,653
2.5-3% 11,290 $3,782,550,000 $335,035
<2.5% 1,582 $450,200,000 $284,576
4-5% 1,235 $304,775,000 $246,781
5-6% 79 $16,155,000 $204,494
6-7% 2 $1,180,000 $590,000

During 2020, Nfm 's average interest rate was 3.19%, while their most frequently originated rate bucket was 3-4%, with 11,664 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 14,583 $4,189,535,000 $287,289 $5,143 3.13%
$100k-200k 4,991 $796,475,000 $159,582 $4,019 3.23%
$400k-600k 4,879 $2,320,945,000 $475,701 $5,891 3.04%
$600k-1MM 884 $620,560,000 $701,991 $7,580 3.05%
$100,000 or less 500 $40,510,000 $81,020 $3,441 3.29%
$1MM+ 31 $40,245,000 $1,298,226 $16,886 3.13%

2020 saw Nfm place emphasis on $200k-400k loans with 14,583 originations, totaling $4,189,535,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 6,079 $2,097,125,000 $344,979 $5,267 3.08%
$50k-75k 5,983 $1,449,125,000 $242,207 $5,149 3.20%
$75k-100k 4,893 $1,428,815,000 $292,012 $5,284 3.16%
$150k-250k 4,139 $1,668,585,000 $403,137 $5,101 3.06%
$50k or less 3,302 $686,980,000 $208,050 $4,586 3.21%
$250k+ 1,389 $651,305,000 $468,902 $5,492 3.06%

Nfm lent most frequently to those with incomes in the $100k-150k range, with 6,079 originations. The second most popular income band? $50k-75k, with 5,983 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 5,386 $1,692,940,000 $314,322 $4,543 3.04%
30-36% 4,596 $1,431,370,000 $311,438 $4,970 3.13%
<20% 1,827 $555,595,000 $304,102 $4,189 2.94%
44% 1,228 $365,390,000 $297,549 $5,280 3.25%
42% 1,084 $335,360,000 $309,373 $5,301 3.20%
50-60% 1,073 $311,885,000 $290,666 $8,527 3.30%
43% 1,040 $320,460,000 $308,135 $5,308 3.24%
41% 969 $300,245,000 $309,850 $5,193 3.19%
40% 950 $292,800,000 $308,211 $5,279 3.20%
39% 936 $290,690,000 $310,566 $5,257 3.18%
36% 890 $273,260,000 $307,034 $4,969 3.18%
38% 884 $268,700,000 $303,959 $4,990 3.18%
37% 844 $267,270,000 $316,671 $5,194 3.14%
49% 777 $236,305,000 $304,125 $5,875 3.20%
45% 763 $237,965,000 $311,881 $5,466 3.19%
46% 668 $211,250,000 $316,243 $5,558 3.15%
48% 664 $207,980,000 $313,223 $5,729 3.19%
47% 622 $193,410,000 $310,949 $5,658 3.15%
>60% 13 $4,425,000 $340,385 $10,833 3.38%

Nfm lent most frequently to those with DTI ratios of 20-30%, with 5,386 originations. The next most common DTI ratio? 30-36%, with 4,596 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 18,855 $5,807,025,000 $307,983 $5,053 3.13%
Not provided 2,688 $865,330,000 $321,923 $5,223 3.11%
Black 1,920 $544,440,000 $283,563 $6,013 3.29%
Asian 1,177 $421,245,000 $357,897 $5,126 3.02%
Native Hawaiian 1,072 $322,900,000 $301,213 $4,842 3.07%
American Indian 138 $41,720,000 $302,319 $5,794 3.13%
Asian Indian 5 $2,055,000 $411,000 $3,857 2.80%
Not applicable 4 $1,400,000 $350,000 $4,461 3.03%
Other Pacific Islander 3 $925,000 $308,333 $2,028 3.04%
Other Asian 4 $900,000 $225,000 $8,235 2.94%
Vietnamese 2 $330,000 $165,000 $5,966 2.50%

Approval Rates

Total approvals of all applications
97.27%

Nfm 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
86.57%

Nfm has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 25,868 $8,008,270,000 $309,582

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 87 $15,925,000 $183,046
Single Family (1-4 Units):Site-Built 25,781 $7,992,345,000 $310,009

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 588 $128,920,000 $219,252 $3,665 2.81%
40-60% 2,637 $788,225,000 $298,910 $3,886 2.88%
60-80% 8,680 $2,842,660,000 $327,495 $4,408 3.09%
80-100% 13,463 $4,082,965,000 $303,273 $5,677 3.23%
Over 100% 450 $158,690,000 $352,644 $13,026 3.12%
Under 20% 47 $5,625,000 $119,681 $3,457 2.54%