Nexbank Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300NWBS6MQJX15N44

Tax ID: 75-0600540

3.8 stars - Updated: 4/14/24 - out of 5 stars, based on 64 reviews

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

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Mortgage Data

Review & Overview

Nexbank is a small bank specializing in Home Purchase loans. Nexbank has a high proportion of conventional 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: Dallas, Atlanta, Austin, Los Angeles, and Seattle among others. We have data for 303 markets. (Some data included below & more in-depth data is available with an active subscription.)

Nexbank 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. Nexbank is typically a high 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 relatively high 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 6.36% 4/14/24
30 Year Conventional Refi 6.28% 4/14/24
30 Year Cash-out Refi 6.39% 4/14/24
30 Year FHA Purchase 6.81% 4/14/24
30 Year FHA Refi 6.27% 4/14/24
30 Year VA Purchase 5.85% 4/14/24
30 Year VA Refi 6.27% 4/14/24
15 Year Conventional Purchase 5.98% 4/14/24
15 Year Conventional Refi 5.96% 4/14/24
15 Year Cash-out Refi 5.96% 4/14/24
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.

Nexbank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Nexbank. 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

4,046

Origination Dollar Volume (All Markets)

$1,764,390,000

Awards

NexBank 30 Year Conventional Loans silver NexBank FHA Loans silver NexBank VA Loans silver
Show all (3) awards

Relative Rate

Nexbank's average 30 year fixed mortgage rate was 6.89%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.41%.

Relative Fees (Closing Costs)

Nexbank's average total fees/closing costs for a 30 year fixed rate mortgage were $9,036.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 536 $248,130,000 $462,929 $9,089 6.53%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 365 $141,465,000 $387,575 $7,642 6.81%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 168 $105,520,000 $628,095 $9,328 6.65%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 135 $103,135,000 $763,963 $13,460 7.12%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 153 $84,265,000 $550,752 $8,808 6.76%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 227 $78,335,000 $345,088 $9,308 6.79%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 158 $72,020,000 $455,823 $8,710 6.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 206 $68,810,000 $334,029 $7,322 6.87%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 75 $65,145,000 $868,600 $11,147 6.82%
Outside of Metro Areas 113 $44,375,000 $392,699 $9,385 7.09%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 80 $35,290,000 $441,125 $9,490 6.68%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 65 $35,245,000 $542,231 $11,844 7.25%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 48 $34,150,000 $711,458 $12,111 7.02%
KNOXVILLE, TN (FHA|USDA|VA) 81 $23,925,000 $295,370 $6,985 6.80%
RICHMOND, VA (FHA|USDA|VA) 67 $23,755,000 $354,552 $7,762 6.61%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 44 $22,790,000 $517,955 $7,492 6.95%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 38 $20,060,000 $527,895 $13,503 7.18%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 65 $18,365,000 $282,538 $10,645 6.82%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 33 $17,025,000 $515,909 $8,477 7.01%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 15 $16,725,000 $1,115,000 $9,341 6.82%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 49 $16,215,000 $330,918 $9,264 7.24%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 34 $14,470,000 $425,588 $10,357 7.12%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 51 $14,115,000 $276,765 $5,286 7.02%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 38 $11,610,000 $305,526 $8,108 7.15%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 31 $10,565,000 $340,806 $7,678 7.24%
KANSAS CITY, MO-KS (FHA|USDA|VA) 35 $10,315,000 $294,714 $5,934 7.04%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 22 $10,300,000 $468,182 $11,350 6.84%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 26 $9,840,000 $378,462 $10,761 6.83%
Sevierville, TN (FHA|USDA|VA) 16 $9,300,000 $581,250 $10,392 7.16%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 23 $8,725,000 $379,348 $6,542 7.33%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 21 $8,675,000 $413,095 $10,745 7.51%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 25 $8,635,000 $345,400 $10,044 7.18%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 12 $8,440,000 $703,333 $10,967 7.24%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 14 $8,130,000 $580,714 $12,448 7.30%
SALT LAKE CITY, UT (FHA|USDA|VA) 15 $8,095,000 $539,667 $5,697 7.04%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 21 $8,025,000 $382,143 $7,727 6.56%
RALEIGH-CARY, NC (FHA|USDA|VA) 20 $7,870,000 $393,500 $7,636 7.11%
PITTSBURGH, PA (FHA|USDA|VA) 27 $7,415,000 $274,630 $6,989 6.90%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 8 $7,290,000 $911,250 $18,389 7.00%
SAVANNAH, GA (FHA|USDA|VA) 22 $6,500,000 $295,455 $9,365 6.98%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 9 $6,385,000 $709,444 $13,849 7.55%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 14 $6,210,000 $443,571 $11,022 7.19%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 9 $5,835,000 $648,333 $19,842 7.22%
STOCKTON, CA (FHA|USDA|VA) 10 $5,260,000 $526,000 $9,072 6.58%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 13 $5,215,000 $401,154 $8,331 7.16%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 14 $5,160,000 $368,571 $8,444 7.28%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 15 $4,725,000 $315,000 $9,786 7.26%
OKLAHOMA CITY, OK (FHA|USDA|VA) 12 $4,590,000 $382,500 $9,457 6.61%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 12 $4,480,000 $373,333 $10,610 7.33%
SHERMAN-DENISON, TX (FHA|USDA|VA) 11 $4,425,000 $402,273 $10,422 6.67%
BOULDER, CO (FHA|USDA|VA) 8 $4,400,000 $550,000 $5,952 6.73%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 9 $4,245,000 $471,667 $10,643 6.96%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 8 $4,090,000 $511,250 $8,031 6.97%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 10 $4,090,000 $409,000 $7,314 7.11%
FLAGSTAFF, AZ (FHA|USDA|VA) 8 $3,900,000 $487,500 $12,190 7.16%
FRESNO, CA (FHA|USDA|VA) 10 $3,890,000 $389,000 $8,471 7.91%
RENO, NV (FHA|USDA|VA) 10 $3,890,000 $389,000 $6,412 6.48%
OCALA, FL (FHA|USDA|VA) 12 $3,860,000 $321,667 $14,270 7.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 13 $3,795,000 $291,923 $6,129 7.78%
PANAMA CITY, FL (FHA|USDA|VA) 7 $3,695,000 $527,857 $12,058 7.32%
Gardnerville Ranchos, NV (FHA|USDA|VA) 4 $3,680,000 $920,000 $6,315 7.06%
GAINESVILLE, GA (FHA|USDA|VA) 11 $3,675,000 $334,091 $6,482 6.76%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $3,595,000 $276,538 $8,716 7.15%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 18 $3,540,000 $196,667 $4,683 7.03%
URBAN HONOLULU, HI (FHA|USDA|VA) 4 $3,500,000 $875,000 $19,494 7.22%
CORPUS CHRISTI, TX (FHA|USDA|VA) 7 $3,405,000 $486,429 $12,812 7.25%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 8 $3,400,000 $425,000 $9,966 6.47%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 7 $3,265,000 $466,429 $10,322 6.46%
PUNTA GORDA, FL (FHA|USDA|VA) 10 $3,190,000 $319,000 $9,956 7.40%
Breckenridge, CO (FHA|USDA|VA) 3 $3,175,000 $1,058,333 $18,395 7.08%
BOISE CITY, ID (FHA|USDA|VA) 7 $3,125,000 $446,429 $8,805 6.78%
COLUMBUS, OH (FHA|USDA|VA) 10 $3,090,000 $309,000 $7,955 6.96%
LUBBOCK, TX (FHA|USDA|VA) 10 $2,990,000 $299,000 $9,119 6.65%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 9 $2,975,000 $330,556 $6,223 6.75%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 7 $2,915,000 $416,429 $11,584 7.07%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $2,850,000 $475,000 $12,461 7.23%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $2,835,000 $405,000 $9,866 6.46%
Kill Devil Hills, NC (FHA|USDA|VA) 4 $2,820,000 $705,000 $17,648 7.56%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,815,000 $402,143 $11,718 6.43%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $2,785,000 $557,000 $16,216 7.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $2,680,000 $446,667 $11,406 6.65%
Morehead City, NC (FHA|USDA|VA) 3 $2,605,000 $868,333 $11,316 7.13%
ASHEVILLE, NC (FHA|USDA|VA) 5 $2,485,000 $497,000 $14,308 7.15%
Key West, FL (FHA|USDA|VA) 4 $2,430,000 $607,500 $13,774 7.56%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 8 $2,390,000 $298,750 $13,039 6.44%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 9 $2,085,000 $231,667 $8,335 7.19%
TUCSON, AZ (FHA|USDA|VA) 6 $2,070,000 $345,000 $9,434 7.35%
ANN ARBOR, MI (FHA|USDA|VA) 5 $2,055,000 $411,000 $6,139 6.75%
LAS CRUCES, NM (FHA|USDA|VA) 10 $2,020,000 $202,000 $4,832 6.35%
BELLINGHAM, WA (FHA|USDA|VA) 3 $1,975,000 $658,333 $9,360 7.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,960,000 $326,667 $11,319 6.21%
SALISBURY, MD-DE (FHA|USDA|VA) 4 $1,950,000 $487,500 $10,751 7.44%
WACO, TX (FHA|USDA|VA) 8 $1,930,000 $241,250 $7,424 6.70%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 9 $1,885,000 $209,444 $7,234 7.29%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $1,860,000 $930,000 $8,233 7.31%
GREELEY, CO (FHA|USDA|VA) 4 $1,770,000 $442,500 $5,133 6.16%
ABILENE, TX (FHA|USDA|VA) 6 $1,720,000 $286,667 $7,936 6.44%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 5 $1,685,000 $337,000 $7,887 6.63%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $1,650,000 $275,000 $8,848 7.00%
LOUISVILLE, KY (FHA|USDA|VA) 5 $1,615,000 $323,000 $8,810 7.18%
Calhoun, GA (FHA|USDA|VA) 4 $1,590,000 $397,500 $6,109 6.94%
Show Low, AZ (FHA|USDA|VA) 5 $1,535,000 $307,000 $8,630 8.00%
FORT COLLINS, CO (FHA|USDA|VA) 4 $1,530,000 $382,500 $5,305 7.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $1,525,000 $217,857 $4,044 6.61%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $1,505,000 $501,667 $10,212 7.58%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 5 $1,485,000 $297,000 $5,153 7.65%
Granbury, TX (FHA|USDA|VA) 4 $1,480,000 $370,000 $13,220 6.56%
Outside of Metro Areas 4 $1,470,000 $367,500 $9,674 7.19%
Brainerd, MN (FHA|USDA|VA) 2 $1,410,000 $705,000 $11,539 7.75%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $1,390,000 $347,500 $10,344 6.72%
TYLER, TX (FHA|USDA|VA) 4 $1,380,000 $345,000 $6,041 6.84%
Steamboat Springs, CO (FHA|USDA|VA) 2 $1,370,000 $685,000 $5,931 7.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $1,355,000 $271,000 $4,151 6.55%
Payson, AZ (FHA|USDA|VA) 3 $1,325,000 $441,667 $9,225 7.38%
VISALIA, CA (FHA|USDA|VA) 5 $1,305,000 $261,000 $8,281 7.70%
WINSTON-SALEM, NC (FHA|USDA|VA) 5 $1,295,000 $259,000 $6,782 7.40%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,270,000 $317,500 $8,236 7.81%
Marion, NC (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $31,796 7.38%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,245,000 $415,000 $11,092 7.00%
Athens, TX (FHA|USDA|VA) 3 $1,225,000 $408,333 $9,869 7.12%
GREEN BAY, WI (FHA|USDA|VA) 5 $1,205,000 $241,000 $5,256 6.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $1,185,000 $237,000 $8,026 6.80%
Oak Harbor, WA (FHA|USDA|VA) 2 $1,170,000 $585,000 $12,875 6.75%
TULSA, OK (FHA|USDA|VA) 3 $1,085,000 $361,667 $8,092 6.67%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $1,075,000 $358,333 $8,193 7.25%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $1,065,000 $355,000 $10,329 6.67%
READING, PA (FHA|USDA|VA) 2 $1,060,000 $530,000 $7,259 7.13%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $1,060,000 $530,000 $12,559 7.50%
Port Angeles, WA (FHA|USDA|VA) 2 $1,030,000 $515,000 $8,081 8.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 3 $1,015,000 $338,333 $7,951 7.29%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,010,000 $505,000 $7,988 7.00%
APPLETON, WI (FHA|USDA|VA) 5 $995,000 $199,000 $2,815 7.35%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 5 $995,000 $199,000 $7,094 6.83%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $985,000 $328,333 $10,764 7.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $980,000 $490,000 $4,113 7.06%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $960,000 $240,000 $4,459 6.41%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $950,000 $475,000 $10,730 7.06%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $940,000 $235,000 $4,741 7.34%
Heber, UT (FHA|USDA|VA) 1 $925,000 $925,000 $14,059 7.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $920,000 $230,000 $8,344 7.47%
FOND DU LAC, WI (FHA|USDA|VA) 2 $920,000 $460,000 $11,183 6.81%
CLEVELAND, TN (FHA|USDA|VA) 3 $905,000 $301,667 $7,197 7.29%
Sanford, NC (FHA|USDA|VA) 3 $875,000 $291,667 $4,289 6.67%
Ellensburg, WA (FHA|USDA|VA) 2 $860,000 $430,000 $3,620 6.88%
Cornelia, GA (FHA|USDA|VA) 3 $855,000 $285,000 $7,607 6.46%
MEDFORD, OR (FHA|USDA|VA) 2 $850,000 $425,000 $15,159 7.44%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $840,000 $420,000 $10,469 7.38%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $830,000 $415,000 $11,373 7.38%
VALLEJO, CA (FHA|USDA|VA) 2 $800,000 $400,000 $8,018 6.63%
WARNER ROBINS, GA (FHA|USDA|VA) 4 $790,000 $197,500 $8,695 7.28%
Seneca, SC (FHA|USDA|VA) 2 $780,000 $390,000 $7,262 5.88%
Centralia, WA (FHA|USDA|VA) 2 $770,000 $385,000 $7,092 6.50%
Kerrville, TX (FHA|USDA|VA) 2 $760,000 $380,000 $12,405 7.44%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $760,000 $380,000 $6,233 6.69%
PROVO-OREM, UT (FHA|USDA|VA) 2 $750,000 $375,000 $3,624 7.44%
COLUMBIA, SC (FHA|USDA|VA) 4 $740,000 $185,000 $6,497 6.72%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $740,000 $370,000 $8,935 6.69%
St. Marys, GA (FHA|USDA|VA) 2 $730,000 $365,000 $5,276 6.63%
ROANOKE, VA (FHA|USDA|VA) 1 $725,000 $725,000 $10,681 6.63%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $710,000 $355,000 $11,690 7.88%
ROCHESTER, MN (FHA|USDA|VA) 3 $695,000 $231,667 $7,673 7.12%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $695,000 $231,667 $3,185 6.71%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $685,000 $228,333 $7,885 6.87%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $675,000 $675,000 $12,719 5.38%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $675,000 $675,000 $23,537 7.25%
RACINE, WI (FHA|USDA|VA) 2 $670,000 $335,000 $5,019 6.13%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 4 $650,000 $162,500 $7,175 7.19%
Hilo, HI (FHA|USDA|VA) 2 $640,000 $320,000 $7,687 6.63%
WICHITA, KS (FHA|USDA|VA) 2 $630,000 $315,000 $13,724 6.88%
Beaver Dam, WI (FHA|USDA|VA) 3 $625,000 $208,333 $5,049 7.71%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $625,000 $625,000 $14,938 8.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $610,000 $152,500 $5,572 8.00%
WILMINGTON, NC (FHA|USDA|VA) 2 $610,000 $305,000 $6,230 7.00%
Augusta-Waterville, ME (FHA|USDA|VA) 2 $590,000 $295,000 $9,033 6.38%
BRUNSWICK, GA (FHA|USDA|VA) 1 $585,000 $585,000 $10,940 7.25%
SALEM, OR (FHA|USDA|VA) 2 $580,000 $290,000 $8,491 7.81%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $580,000 $290,000 $3,091 7.69%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $580,000 $290,000 $4,559 6.75%
JACKSON, MI (FHA|USDA|VA) 1 $575,000 $575,000 $5,547 6.25%
Albemarle, NC (FHA|USDA|VA) 1 $565,000 $565,000 $10,194 7.38%
BEND, OR (FHA|USDA|VA) 1 $555,000 $555,000 $19,608 6.63%
Moses Lake, WA (FHA|USDA|VA) 2 $550,000 $275,000 $6,428 7.56%
LOGAN, UT-ID (FHA|USDA|VA) 1 $535,000 $535,000 $8,921 5.25%
Shelton, WA (FHA|USDA|VA) 2 $530,000 $265,000 $6,948 6.44%
Quincy, IL-MO (FHA|USDA|VA) 2 $520,000 $260,000 $4,572 7.38%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $520,000 $260,000 $7,351 7.25%
MADISON, WI (FHA|USDA|VA) 1 $515,000 $515,000 $4,708 7.50%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $515,000 $515,000 $3,423 6.00%
Boone, NC (FHA|USDA|VA) 1 $515,000 $515,000 $7,764 5.88%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $505,000 $505,000 $13,089 5.63%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 3 $505,000 $168,333 $3,159 7.21%
SPRINGFIELD, MO (FHA|USDA|VA) 2 $500,000 $250,000 $11,806 6.63%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $495,000 $495,000 $7,050 8.38%
Chillicothe, OH (FHA|USDA|VA) 2 $490,000 $245,000 $8,452 6.88%
Lebanon, NH-VT (FHA|USDA|VA) 1 $485,000 $485,000 $15,020 6.99%
CARSON CITY, NV (FHA|USDA|VA) 1 $485,000 $485,000 $12,235 6.38%
Mount Airy, NC (FHA|USDA|VA) 1 $485,000 $485,000 $7,829 5.88%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $480,000 $240,000 $2,593 6.88%
LANCASTER, PA (FHA|USDA|VA) 2 $480,000 $240,000 $9,751 7.44%
MORRISTOWN, TN (FHA|USDA|VA) 2 $470,000 $235,000 $4,865 6.44%
Sault Ste. Marie, MI (FHA|USDA|VA) 1 $465,000 $465,000 $7,477 5.50%
REDDING, CA (FHA|USDA|VA) 2 $460,000 $230,000 $8,217 7.88%
Washington Court House, OH (FHA|USDA|VA) 4 $460,000 $115,000 $5,674 6.75%
Brevard, NC (FHA|USDA|VA) 1 $455,000 $455,000 $10,447 6.88%
Gainesville, TX (FHA|USDA|VA) 2 $450,000 $225,000 $7,817 6.75%
Jefferson, GA (FHA|USDA|VA) 1 $435,000 $435,000 $8,432 6.13%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $425,000 $425,000 $3,857 7.63%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 3 $425,000 $141,667 $7,932 7.67%
Manitowoc, WI (FHA|USDA|VA) 2 $420,000 $210,000 $7,259 7.25%
LAREDO, TX (FHA|USDA|VA) 2 $420,000 $210,000 $7,741 6.00%
Paris, TX (FHA|USDA|VA) 1 $415,000 $415,000 $13,426 7.38%
Bonham, TX (FHA|USDA|VA) 2 $410,000 $205,000 $4,545 6.31%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $410,000 $205,000 $5,686 6.00%
Durango, CO (FHA|USDA|VA) 1 $405,000 $405,000 $10,603 7.88%
MERCED, CA (FHA|USDA|VA) 1 $395,000 $395,000 $2,950 5.99%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $385,000 $385,000 $4,500 7.75%
Bay City, TX (FHA|USDA|VA) 2 $380,000 $190,000 $9,277 7.63%
EL PASO, TX (FHA|USDA|VA) 2 $380,000 $190,000 $7,093 6.81%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $375,000 $375,000 $10,548 7.38%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $370,000 $185,000 $4,505 6.44%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $360,000 $180,000 $10,098 7.44%
ST. GEORGE, UT (FHA|USDA|VA) 1 $355,000 $355,000 $10,737 7.50%
Ashtabula, OH (FHA|USDA|VA) 1 $355,000 $355,000 $4,892 6.38%
VICTORIA, TX (FHA|USDA|VA) 2 $350,000 $175,000 $7,188 7.69%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $345,000 $345,000 $13,435 6.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $345,000 $345,000 $8,515 6.38%
AMARILLO, TX (FHA|USDA|VA) 1 $345,000 $345,000 $6,071 6.13%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $335,000 $335,000 $6,910 6.63%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $335,000 $335,000 $5,961 7.38%
Torrington, CT (FHA|USDA|VA) 1 $335,000 $335,000 $10,662 7.99%
Cullowhee, NC (FHA|USDA|VA) 1 $335,000 $335,000 $7,691 7.38%
FLINT, MI (FHA|USDA|VA) 2 $330,000 $165,000 $5,512 7.25%
Bemidji, MN (FHA|USDA|VA) 1 $325,000 $325,000 $11,706 8.13%
NILES, MI (FHA|USDA|VA) 1 $325,000 $325,000 $12,799 7.50%
Mineral Wells, TX (FHA|USDA|VA) 1 $315,000 $315,000 $5,533 5.99%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $6,553 7.38%
MANHATTAN, KS (FHA|USDA|VA) 1 $295,000 $295,000 $5,450 6.88%
LONGVIEW, TX (FHA|USDA|VA) 2 $290,000 $145,000 $6,209 7.31%
Pahrump, NV (FHA|USDA|VA) 1 $285,000 $285,000 $6,681 6.25%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $285,000 $285,000 $14,727 6.63%
SPARTANBURG, SC (FHA|USDA|VA) 1 $285,000 $285,000 $6,327 5.63%
STAUNTON, VA (FHA|USDA|VA) 1 $285,000 $285,000 $9,698 6.38%
Red Bluff, CA (FHA|USDA|VA) 1 $285,000 $285,000 $9,530 8.63%
MIDLAND, MI (FHA|USDA|VA) 1 $275,000 $275,000 $2,111 7.38%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $275,000 $275,000 $3,641 8.13%
THE VILLAGES, FL (FHA|USDA|VA) 1 $275,000 $275,000 $9,182 7.00%
Warsaw, IN (FHA|USDA|VA) 1 $275,000 $275,000 $2,590 6.25%
Corsicana, TX (FHA|USDA|VA) 1 $275,000 $275,000 $4,178 6.25%
Brownwood, TX (FHA|USDA|VA) 1 $265,000 $265,000 $6,885 8.50%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $265,000 $265,000 $11,110 7.88%
Alexander City, AL (FHA|USDA|VA) 1 $265,000 $265,000 $4,261 6.38%
COLUMBIA, MO (FHA|USDA|VA) 1 $255,000 $255,000 $2,856 6.50%
Easton, MD (FHA|USDA|VA) 1 $255,000 $255,000 $2,792 6.63%
Lewisburg, TN (FHA|USDA|VA) 1 $255,000 $255,000 $11,144 6.63%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $255,000 $255,000 $4,014 7.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $255,000 $255,000 $14,580 8.50%
MONROE, MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,948 6.63%
YAKIMA, WA (FHA|USDA|VA) 1 $245,000 $245,000 $8,942 6.99%
VALDOSTA, GA (FHA|USDA|VA) 1 $245,000 $245,000 $9,654 8.25%
Greenwood, SC (FHA|USDA|VA) 1 $245,000 $245,000 $4,367 7.50%
Barre, VT (FHA|USDA|VA) 1 $245,000 $245,000 $7,960 7.88%
Ludington, MI (FHA|USDA|VA) 1 $235,000 $235,000 $4,683 7.63%
SAN ANGELO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $10,440 7.75%
KANKAKEE, IL (FHA|USDA|VA) 1 $235,000 $235,000 $4,022 6.75%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $235,000 $235,000 $9,981 6.50%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $235,000 $235,000 $10,133 7.38%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $225,000 $225,000 $5,000 5.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $225,000 $225,000 $3,194 7.75%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,008 6.88%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $225,000 $225,000 $9,288 7.50%
LYNCHBURG, VA (FHA|USDA|VA) 1 $225,000 $225,000 $7,943 6.88%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $225,000 $225,000 $8,768 7.13%
JACKSON, TN (FHA|USDA|VA) 1 $225,000 $225,000 $5,997 7.88%
Klamath Falls, OR (FHA|USDA|VA) 1 $215,000 $215,000 $6,810 6.63%
DOVER, DE (FHA|USDA|VA) 1 $205,000 $205,000 $7,246 8.38%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $205,000 $205,000 $4,467 6.88%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $205,000 $205,000 $6,603 8.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,143 6.75%
Dixon, IL (FHA|USDA|VA) 1 $185,000 $185,000 $3,616 7.38%
Crossville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $7,083 5.88%
Alpena, MI (FHA|USDA|VA) 1 $175,000 $175,000 $3,718 6.99%
Shawano, WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,734 7.50%
Kalispell, MT (FHA|USDA|VA) 1 $175,000 $175,000 $8,312 6.50%
Stillwater, OK (FHA|USDA|VA) 1 $175,000 $175,000 $6,520 6.88%
Adrian, MI (FHA|USDA|VA) 1 $165,000 $165,000 $4,599 6.75%
Sonora, CA (FHA|USDA|VA) 1 $155,000 $155,000 $4,679 7.25%
Winona, MN (FHA|USDA|VA) 1 $155,000 $155,000 $7,220 7.13%
Nogales, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $8,723 7.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,057 7.38%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $145,000 $145,000 $4,942 7.25%
WHEELING, WV-OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,802 7.50%
Greeneville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $2,762 6.50%
TOLEDO, OH (FHA|USDA|VA) 1 $125,000 $125,000 $6,023 6.99%
TOPEKA, KS (FHA|USDA|VA) 1 $125,000 $125,000 $3,964 6.38%
Ottawa, IL (FHA|USDA|VA) 1 $115,000 $115,000 $7,228 5.75%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $105,000 $105,000 $1,740 6.50%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $105,000 $105,000 $3,136 6.63%
Dayton, TN (FHA|USDA|VA) 1 $105,000 $105,000 $4,136 6.50%
Cookeville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $3,995 7.63%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $95,000 $95,000 $6,864 6.25%
ROME, GA (FHA|USDA|VA) 1 $85,000 $85,000 $6,343 6.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $75,000 $75,000 $6,283 6.13%
SAGINAW, MI (FHA|USDA|VA) 1 $75,000 $75,000 $1,525 7.88%
Nexbank's top markets include Dallas, Atlanta, Austin, Los Angeles, and Seattle among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,886 $1,701,710,000 $437,908 $8,846 6.90%
    FHA 91 $35,035,000 $385,000 $14,376 6.17%
    VA 69 $27,645,000 $400,652 $9,520 6.09%

    For 2023, Nexbank's most frequently originated type of loan was Conventional, with 3,886 originations. Their 2nd most popular type was FHA, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,464 $1,523,420,000 $439,786 $8,946 6.84%
    Refi 229 $97,125,000 $424,127 $8,852 6.87%
    Cash Out Refi 224 $98,900,000 $441,518 $9,874 7.17%
    Other 129 $44,945,000 $348,411 $8,616 7.27%

    For 2023, Nexbank's most frequently cited loan purpose was Home Purchase, with 3,464 originations. The 2nd most popular reason was Refi, with 229 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,927 $1,658,785,000 $422,405 $9,036 6.89%
    15 Year 95 $32,515,000 $342,263 $7,339 6.22%
    20 Year 18 $5,860,000 $325,556 $6,193 6.44%
    10 Year 3 $735,000 $245,000 $7,042 5.83%
    3 Year 2 $28,920,000 $14,460,000 $0 8.34%
    5 Year 1 $37,575,000 $37,575,000 $0 3.81%

    For 2023, Nexbank's most frequently cited loan duration was 30 Year, with 3,927 originations. The 2nd most popular length was 15 Year, with 95 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,713 $806,685,000 $470,919
    $1k-2k 782 $332,770,000 $425,537
    $<1k 487 $193,895,000 $398,142
    $2k-3k 382 $146,520,000 $383,560
    $4k-5k 343 $110,875,000 $323,251
    $3k-4k 336 $107,150,000 $318,899

    Nexbank's average total fees were $9,036, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,713 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,902 $782,160,000 $411,230
    7-8% 1,289 $547,475,000 $424,728
    5-6% 547 $240,045,000 $438,839
    Over 8% 280 $150,150,000 $536,250
    <2.5% 18 $3,720,000 $206,667
    4-5% 9 $3,265,000 $362,778
    3-4% 1 $37,575,000 $37,575,000

    During 2023, Nexbank's average interest rate for loans was 6.89%, while their most frequently originated rate bucket for loans was 6-7%, with 1,902 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,022 $596,900,000 $295,203 $7,798 6.90%
    $400k-600k 921 $445,125,000 $483,306 $9,663 6.78%
    $600k-1MM 502 $368,460,000 $733,984 $12,548 6.91%
    $100k-200k 377 $58,825,000 $156,034 $5,795 6.79%
    $1MM+ 167 $290,285,000 $1,738,234 $17,663 7.11%
    $100,000 or less 57 $4,795,000 $84,123 $4,641 6.97%

    2023 saw Nexbank place emphasis on $200k-400k loans with 2,022 originations, totaling $596,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 987 $441,685,000 $447,503 $9,329 6.88%
    $250k+ 859 $549,505,000 $639,703 $11,101 7.09%
    $100k-150k 769 $275,145,000 $357,796 $8,259 6.73%
    $75k-100k 567 $166,795,000 $294,171 $7,519 6.69%
    $50k-75k 470 $111,990,000 $238,277 $6,498 6.51%
    $50k or less 112 $20,060,000 $179,107 $5,170 6.33%

    Nexbank lent most frequently to those with incomes in the $150k-250k range, with 987 originations. The second most popular income band? $250k+, with 859 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 589 $239,185,000 $406,087 $8,466 6.81%
    20-30% 584 $231,110,000 $395,736 $8,235 6.76%
    44% 253 $128,785,000 $509,032 $10,177 7.01%
    <20% 232 $103,590,000 $446,509 $9,158 7.05%
    49% 200 $81,040,000 $405,200 $8,923 6.70%
    43% 182 $76,340,000 $419,451 $8,990 6.94%
    41% 178 $77,880,000 $437,528 $8,522 6.90%
    48% 170 $63,990,000 $376,412 $8,296 6.65%
    40% 164 $73,550,000 $448,476 $9,397 6.82%
    39% 163 $71,825,000 $440,644 $8,625 6.75%
    42% 155 $67,785,000 $437,323 $8,651 6.83%
    45% 145 $54,325,000 $374,655 $8,492 6.77%
    36% 144 $67,130,000 $466,181 $8,653 6.89%
    37% 138 $52,530,000 $380,652 $8,198 6.71%
    46% 132 $50,680,000 $383,939 $9,117 6.60%
    38% 126 $49,610,000 $393,730 $8,671 6.92%
    47% 126 $46,280,000 $367,302 $8,284 6.74%
    50-60% 81 $32,225,000 $397,840 $11,760 6.36%
    >60% 19 $7,535,000 $396,579 $9,520 7.37%

    Nexbank lent most frequently to those with DTI ratios of 30-36%, with 589 originations. The next most common DTI ratio? 20-30%, with 584 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,455 $991,685,000 $403,945 $8,691 6.86%
    Not provided 756 $313,020,000 $414,048 $9,238 6.99%
    Asian 564 $287,210,000 $509,238 $9,489 6.90%
    Black 208 $82,350,000 $395,913 $10,087 6.59%
    Not applicable 3 $66,495,000 $22,165,000 $0 6.83%
    Asian Indian 13 $6,975,000 $536,538 $9,533 6.88%
    Native Hawaiian or Islander 11 $5,395,000 $490,455 $10,096 6.99%
    American Indian 21 $5,305,000 $252,619 $7,787 6.85%
    Other Asian 11 $4,225,000 $384,091 $8,724 6.83%
    Filipino 2 $970,000 $485,000 $17,461 6.63%
    Other Pacific Islander 1 $525,000 $525,000 $6,560 7.99%
    Vietnamese 1 $235,000 $235,000 $7,841 6.38%

    Approval Rates

    Total approvals of all applications
    95.05%

    Nexbank 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
    83.04%

    Nexbank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,046 $1,764,390,000 $436,083

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,046 $1,764,390,000 $436,083

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 122 $29,530,000 $242,049 $5,772 6.69%
    40-60% 362 $157,280,000 $434,475 $7,744 6.77%
    60-80% 1,630 $781,400,000 $479,387 $9,608 7.07%
    80-100% 1,897 $785,065,000 $413,846 $8,853 6.74%
    Over 100% 18 $7,500,000 $416,667 $15,381 6.08%
    Under 20% 17 $3,615,000 $212,647 $5,804 6.72%