Nfm Mortgage Rates, Fees & Info
LINTHICUM, MDLEI: 549300MCIFZSDHUT8X63
Tax ID: 52-2102740
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Mortgage Data
Review & Overview
Nfm is a small mortgage company specializing in Home Purchase 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Washington, Tampa, Phoenix, Baltimore, and Denver among others. We have data for 157 markets. (Some data included below & more in-depth data is available with an active subscription.)Nfm 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. Nfm 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 | 6.83% | 4/22/24 |
| 30 Year Conventional Refi | 6.69% | 4/22/24 |
| 30 Year Cash-out Refi | 6.95% | 4/22/24 |
| 30 Year FHA Purchase | 7.54% | 4/22/24 |
| 30 Year FHA Refi | 7.24% | 4/22/24 |
| 30 Year VA Purchase | 6.34% | 4/22/24 |
| 30 Year VA Refi | 5.91% | 4/22/24 |
| 30 Year USDA Purchase | 7.04% | 4/22/24 |
| 15 Year Conventional Purchase | 6.21% | 4/22/24 |
| 15 Year Conventional Refi | 6.21% | 4/22/24 |
| 15 Year Cash-out Refi | 6.21% | 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. | ||
Nfm Mortgage Calculator
Your Estimates
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This is not an official calculator from Nfm. 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
6,354Origination Dollar Volume (All Markets)
$1,577,770,000Awards
NFM - 2018
NFM is a 2018 , due to their low .
For 2018, 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) | 948 | $283,660,000 | $299,219 | $6,213 | 4.96% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 790 | $196,100,000 | $248,228 | $4,620 | 4.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 828 | $193,950,000 | $234,239 | $4,759 | 5.16% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 522 | $145,100,000 | $277,969 | $5,981 | 4.85% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 374 | $128,200,000 | $342,781 | $6,224 | 4.96% |
| COLUMBUS, OH (FHA|USDA|VA) | 630 | $115,740,000 | $183,714 | $4,949 | 5.11% |
| RICHMOND, VA (FHA|USDA|VA) | 413 | $105,825,000 | $256,235 | $4,870 | 4.78% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 275 | $54,005,000 | $196,382 | $4,762 | 4.95% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 171 | $42,895,000 | $250,848 | $7,743 | 5.26% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 195 | $39,045,000 | $200,231 | $4,271 | 5.15% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 90 | $25,070,000 | $278,556 | $4,924 | 4.96% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 71 | $20,815,000 | $293,169 | $4,046 | 4.91% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 77 | $20,445,000 | $265,519 | $7,182 | 5.03% |
| Outside of Metro Areas | 80 | $17,960,000 | $224,500 | $4,610 | 4.90% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 62 | $12,270,000 | $197,903 | $4,240 | 4.93% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 54 | $11,490,000 | $212,778 | $6,125 | 4.71% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 46 | $9,730,000 | $211,522 | $5,157 | 5.05% |
| BOULDER, CO (FHA|USDA|VA) | 27 | $9,725,000 | $360,185 | $6,668 | 5.03% |
| GREELEY, CO (FHA|USDA|VA) | 29 | $9,295,000 | $320,517 | $7,527 | 5.02% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 54 | $7,830,000 | $145,000 | $4,374 | 5.12% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 30 | $6,920,000 | $230,667 | $5,200 | 5.04% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 52 | $6,230,000 | $119,808 | $3,408 | 5.16% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 16 | $6,210,000 | $388,125 | $5,282 | 4.61% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 28 | $6,140,000 | $219,286 | $4,544 | 4.83% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $3,975,000 | $795,000 | $9,783 | 4.78% |
| Rockport, TX (FHA|USDA|VA) | 13 | $3,535,000 | $271,923 | $6,603 | 4.73% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 22 | $3,500,000 | $159,091 | $5,135 | 5.23% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 12 | $3,470,000 | $289,167 | $6,387 | 4.34% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 15 | $3,395,000 | $226,333 | $4,864 | 5.01% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 18 | $3,230,000 | $179,444 | $3,002 | 5.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $2,930,000 | $244,167 | $6,989 | 4.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 9 | $2,915,000 | $323,889 | $6,137 | 4.88% |
| GETTYSBURG, PA (FHA|USDA|VA) | 15 | $2,775,000 | $185,000 | $4,430 | 4.77% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 10 | $2,500,000 | $250,000 | $6,542 | 5.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 9 | $2,325,000 | $258,333 | $4,972 | 5.06% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 10 | $2,130,000 | $213,000 | $2,242 | 4.85% |
| HARRISONBURG, VA (FHA|USDA|VA) | 8 | $1,990,000 | $248,750 | $3,872 | 4.81% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 10 | $1,810,000 | $181,000 | $5,344 | 5.03% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 8 | $1,700,000 | $212,500 | $3,180 | 4.83% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 9 | $1,605,000 | $178,333 | $4,138 | 5.07% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $5,473 | 4.85% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 7 | $1,455,000 | $207,857 | $6,061 | 4.93% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $6,872 | 4.90% |
| OCALA, FL (FHA|USDA|VA) | 7 | $1,395,000 | $199,286 | $4,293 | 5.18% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 8 | $1,360,000 | $170,000 | $3,570 | 4.98% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 10 | $1,350,000 | $135,000 | $3,111 | 5.08% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 7 | $1,255,000 | $179,286 | $5,792 | 4.54% |
| SPARTANBURG, SC (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $4,949 | 4.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $5,132 | 4.92% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $14,144 | 5.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $4,951 | 5.27% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $8,597 | 5.31% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $4,366 | 4.88% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $5,445 | 4.42% |
| LYNCHBURG, VA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $2,005 | 5.06% |
| READING, PA (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $5,073 | 4.93% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $5,826 | 4.65% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 6 | $900,000 | $150,000 | $4,607 | 4.71% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $8,936 | 5.17% |
| Cambridge, MD (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $5,004 | 4.95% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $4,096 | 4.85% |
| Brenham, TX (FHA|USDA|VA) | 6 | $840,000 | $140,000 | $4,863 | 5.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 9 | $835,000 | $92,778 | $3,129 | 5.39% |
| PUEBLO, CO (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $3,569 | 5.28% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $5,592 | 5.00% |
| Portsmouth, OH (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $3,545 | 5.25% |
| Chillicothe, OH (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $5,526 | 5.06% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $5,417 | 4.79% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $7,674 | 4.94% |
| Easton, MD (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $7,338 | 4.71% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $6,494 | 5.47% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $4,362 | 4.91% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $2,431 | 5.21% |
| Albemarle, NC (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $2,580 | 5.19% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $2,678 | 5.13% |
| Lewisburg, TN (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,626 | 5.08% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,449 | 5.50% |
| Washington Court House, OH (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $4,041 | 5.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $12,312 | 4.38% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,433 | 4.75% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $6,245 | 5.34% |
| CHARLESTON, WV (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $3,790 | 4.78% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $7,955 | 5.13% |
| RENO, NV (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,769 | 4.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,417 | 4.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $8,691 | 4.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,529 | 4.88% |
| Bellefontaine, OH (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $5,183 | 5.21% |
| Show Low, AZ (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $4,131 | 4.79% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $6,084 | 5.04% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $7,159 | 4.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $7,146 | 4.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $6,108 | 5.38% |
| STAUNTON, VA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $1,500 | 5.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,299 | 5.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,496 | 4.81% |
| Elkins, WV (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $2,364 | 5.16% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,088 | 4.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $7,713 | 5.69% |
| Mount Vernon, OH (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $5,229 | 4.96% |
| Urbana, OH (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,263 | 4.96% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,771 | 4.63% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,606 | 5.06% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $666 | 4.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,938 | 4.88% |
| Zanesville, OH (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,906 | 4.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,039 | 5.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,530 | 5.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,490 | 5.00% |
| Salem, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,371 | 5.13% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $4,804 | 5.13% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,076 | 4.88% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,803 | 4.88% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,911 | 4.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,840 | 5.06% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,854 | 4.75% |
| MERCED, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,941 | 4.75% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,960 | 4.38% |
| Seneca, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,333 | 4.88% |
| ROME, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,182 | 4.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $7,747 | 4.56% |
| Lumberton, NC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,646 | 5.38% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,457 | 5.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,777 | 5.00% |
| Henderson, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,832 | 4.50% |
| Marion, OH (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,359 | 5.06% |
| Shelby, NC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,068 | 5.19% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,680 | 4.88% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,990 | 5.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,972 | 4.13% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,298 | 5.38% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,851 | 5.13% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,787 | 5.13% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,606 | 4.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,827 | 5.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,524 | 4.88% |
| Durango, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,014 | 4.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,436 | 5.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,227 | 5.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,673 | 4.75% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,162 | 5.75% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,813 | 5.00% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,105 | 4.75% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,127 | 4.88% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,302 | 5.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,785 | 5.63% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,775 | 4.75% |
| Forest City, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,596 | 4.88% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $3,821 | 5.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,249 | 5.13% |
| Jackson, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,567 | 5.63% |
| Wooster, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.88% |
| Montrose, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,234 | 4.13% |
| Athens, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,371 | 4.50% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,279 | 5.13% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,990 | 5.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,639 | 4.38% |
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Similarity Rank: 130
Product Mix
For 2018, Nfm's most frequently originated type of loan was Conventional, with 3,821 originations. Their 2nd most popular type was FHA, with 1,950 originations.
Loan Reason
For 2018, Nfm's most frequently cited loan purpose was Home Purchase, with 5,873 originations. The 2nd most popular reason was Cash Out Refi, with 267 originations.
Loan Duration/Length
For 2018, Nfm's most frequently cited loan duration was 30 Year, with 6,171 originations. The 2nd most popular length was 15 Year, with 127 originations.
Origination Fees/Closing Costs
Nfm's average total fees were $5,330, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,344 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 3,674 | $971,120,000 | $264,322 |
| 5-6% | 2,432 | $545,270,000 | $224,206 |
| 3-4% | 127 | $38,095,000 | $299,961 |
| 6-7% | 111 | $22,955,000 | $206,802 |
| 7-8% | 7 | $315,000 | $45,000 |
During 2018, Nfm's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 4-5%, with 3,674 originations.
Loan Sizing
2018 saw Nfm place emphasis on $200k-400k loans with 3,375 originations, totaling $928,605,000 in origination value.
Applicant Income
Nfm lent most frequently to those with incomes in the $50k-75k range, with 1,940 originations. The second most popular income band? $75k-100k, with 1,269 originations.
Applicant Debt to Income Ratio
Nfm lent most frequently to those with DTI ratios of 30-36%, with 921 originations. The next most common DTI ratio? 20-30%, with 818 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.56%
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 origination84.09%
Nfm has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,354 | $1,577,770,000 | $248,311 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 50 | $6,980,000 | $139,600 |
| Single Family (1-4 Units):Site-Built | 6,304 | $1,570,790,000 | $249,174 |