Nexbank Mortgage Rates, Fees & Info
Dallas, TXLEI: 549300NWBS6MQJX15N44
Tax ID: 75-0600540
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Mortgage Data
Review & Overview
Nexbank is a mid-sized 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, Houston, Atlanta, Los Angeles, and Seattle among others. We have data for 274 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 an above 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.36% | 11/17/24 |
| 30 Year Conventional Refi | 6.28% | 11/17/24 |
| 30 Year Cash-out Refi | 6.39% | 11/17/24 |
| 30 Year FHA Purchase | 6.81% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 5.85% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.98% | 11/17/24 |
| 15 Year Conventional Refi | 5.96% | 11/17/24 |
| 15 Year Cash-out Refi | 5.96% | 11/17/24 |
| 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
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This is not an official calculator from Nexbank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,122Origination Dollar Volume (All Markets)
$3,187,860,000Awards
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NexBank - 2022
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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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 761 | $662,905,000 | $871,097 | $8,125 | 4.68% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 243 | $335,575,000 | $1,380,967 | $8,976 | 4.77% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 599 | $259,325,000 | $432,930 | $6,513 | 4.74% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 260 | $226,400,000 | $870,769 | $12,819 | 4.98% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 309 | $199,085,000 | $644,288 | $8,308 | 4.46% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 276 | $183,590,000 | $665,181 | $8,928 | 4.87% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 224 | $168,470,000 | $752,098 | $9,824 | 4.41% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 134 | $105,270,000 | $785,597 | $8,768 | 4.33% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 168 | $89,650,000 | $533,631 | $8,060 | 4.76% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 170 | $82,680,000 | $486,353 | $8,622 | 4.85% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 202 | $77,580,000 | $384,059 | $6,800 | 4.85% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 93 | $50,295,000 | $540,806 | $7,785 | 4.90% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 43 | $39,895,000 | $927,791 | $8,151 | 4.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 70 | $38,750,000 | $553,571 | $6,264 | 4.66% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 78 | $38,460,000 | $493,077 | $8,492 | 4.85% |
| Outside of Metro Areas | 100 | $38,430,000 | $384,300 | $7,502 | 4.86% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 52 | $36,440,000 | $700,769 | $13,151 | 5.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 55 | $30,165,000 | $548,455 | $7,613 | 4.74% |
| STOCKTON, CA (FHA|USDA|VA) | 40 | $22,830,000 | $570,750 | $6,062 | 4.44% |
| RICHMOND, VA (FHA|USDA|VA) | 62 | $20,140,000 | $324,839 | $6,176 | 4.67% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 39 | $16,435,000 | $421,410 | $10,382 | 5.22% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 27 | $14,775,000 | $547,222 | $9,196 | 5.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 34 | $13,080,000 | $384,706 | $6,521 | 4.79% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 25 | $12,715,000 | $508,600 | $9,171 | 5.27% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 37 | $10,605,000 | $286,622 | $3,712 | 4.84% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 29 | $10,555,000 | $363,966 | $6,784 | 4.47% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 29 | $10,175,000 | $350,862 | $7,361 | 5.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 18 | $9,880,000 | $548,889 | $9,843 | 4.95% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 14 | $9,290,000 | $663,571 | $10,624 | 3.80% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 22 | $9,280,000 | $421,818 | $8,493 | 5.06% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 12 | $8,880,000 | $740,000 | $13,054 | 4.14% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 19 | $8,255,000 | $434,474 | $11,921 | 4.88% |
| Sevierville, TN (FHA|USDA|VA) | 11 | $7,915,000 | $719,545 | $17,041 | 5.36% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 18 | $7,790,000 | $432,778 | $10,450 | 4.87% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 15 | $7,585,000 | $505,667 | $8,962 | 5.30% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 23 | $6,955,000 | $302,391 | $6,698 | 4.83% |
| Athens, TX (FHA|USDA|VA) | 9 | $6,505,000 | $722,778 | $10,005 | 4.46% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $6,445,000 | $585,909 | $6,067 | 3.44% |
| GAINESVILLE, GA (FHA|USDA|VA) | 15 | $6,145,000 | $409,667 | $5,448 | 4.98% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $6,000,000 | $750,000 | $18,527 | 4.81% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 12 | $5,730,000 | $477,500 | $8,015 | 5.08% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 10 | $5,360,000 | $536,000 | $8,122 | 4.90% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 10 | $5,240,000 | $524,000 | $9,515 | 4.41% |
| WENATCHEE, WA (FHA|USDA|VA) | 7 | $5,115,000 | $730,714 | $9,308 | 5.07% |
| FORT COLLINS, CO (FHA|USDA|VA) | 12 | $5,040,000 | $420,000 | $4,026 | 5.14% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 8 | $4,920,000 | $615,000 | $10,708 | 4.78% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 13 | $4,815,000 | $370,385 | $6,633 | 5.35% |
| VALLEJO, CA (FHA|USDA|VA) | 8 | $4,610,000 | $576,250 | $5,801 | 5.06% |
| FRESNO, CA (FHA|USDA|VA) | 13 | $4,495,000 | $345,769 | $7,617 | 5.04% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 11 | $4,485,000 | $407,727 | $9,709 | 5.06% |
| BOULDER, CO (FHA|USDA|VA) | 8 | $4,350,000 | $543,750 | $6,672 | 5.03% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 6 | $4,160,000 | $693,333 | $12,872 | 4.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 14 | $3,910,000 | $279,286 | $8,697 | 5.59% |
| Durango, CO (FHA|USDA|VA) | 6 | $3,770,000 | $628,333 | $3,806 | 5.08% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 4 | $3,770,000 | $942,500 | $11,320 | 5.00% |
| MODESTO, CA (FHA|USDA|VA) | 10 | $3,720,000 | $372,000 | $4,388 | 4.24% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 11 | $3,415,000 | $310,455 | $6,468 | 4.64% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 14 | $3,400,000 | $242,857 | $5,049 | 4.66% |
| PANAMA CITY, FL (FHA|USDA|VA) | 6 | $3,380,000 | $563,333 | $12,177 | 6.19% |
| BOISE CITY, ID (FHA|USDA|VA) | 7 | $3,345,000 | $477,857 | $13,039 | 4.82% |
| GREELEY, CO (FHA|USDA|VA) | 7 | $3,265,000 | $466,429 | $5,490 | 4.32% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $3,250,000 | $406,250 | $9,574 | 4.94% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 7 | $3,245,000 | $463,571 | $5,230 | 4.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 11 | $3,195,000 | $290,455 | $3,778 | 4.68% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 6 | $3,130,000 | $521,667 | $11,087 | 5.17% |
| ABILENE, TX (FHA|USDA|VA) | 15 | $3,125,000 | $208,333 | $5,313 | 4.43% |
| WACO, TX (FHA|USDA|VA) | 11 | $3,125,000 | $284,091 | $7,020 | 4.73% |
| PITTSBURGH, PA (FHA|USDA|VA) | 11 | $3,105,000 | $282,273 | $5,693 | 4.77% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 11 | $2,995,000 | $272,273 | $6,782 | 4.53% |
| SPARTANBURG, SC (FHA|USDA|VA) | 13 | $2,945,000 | $226,538 | $4,593 | 5.06% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $2,840,000 | $710,000 | $8,654 | 4.78% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 7 | $2,825,000 | $403,571 | $9,752 | 5.27% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $2,805,000 | $561,000 | $11,487 | 5.80% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $2,795,000 | $559,000 | $6,979 | 4.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $2,730,000 | $682,500 | $4,430 | 3.65% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $2,685,000 | $383,571 | $11,238 | 5.48% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 5 | $2,675,000 | $535,000 | $11,140 | 5.73% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 13 | $2,655,000 | $204,231 | $5,548 | 4.95% |
| BELLINGHAM, WA (FHA|USDA|VA) | 5 | $2,625,000 | $525,000 | $8,720 | 5.50% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $2,565,000 | $855,000 | $16,106 | 3.62% |
| Traverse City, MI (FHA|USDA|VA) | 6 | $2,390,000 | $398,333 | $6,269 | 5.12% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $2,300,000 | $383,333 | $10,128 | 4.44% |
| Ellensburg, WA (FHA|USDA|VA) | 5 | $2,225,000 | $445,000 | $7,160 | 4.85% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 8 | $2,160,000 | $270,000 | $10,483 | 4.41% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 7 | $2,135,000 | $305,000 | $5,234 | 5.39% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $5,416 | 5.21% |
| Oak Harbor, WA (FHA|USDA|VA) | 4 | $2,120,000 | $530,000 | $6,359 | 4.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $5,067 | 5.29% |
| NAPA, CA (FHA|USDA|VA) | 4 | $2,090,000 | $522,500 | $6,077 | 3.97% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $2,055,000 | $685,000 | $10,251 | 5.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $1,960,000 | $326,667 | $6,136 | 4.73% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $1,955,000 | $279,286 | $8,929 | 5.77% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,935,000 | $645,000 | $13,643 | 5.71% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $6,159 | 4.69% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,865,000 | $373,000 | $6,177 | 4.83% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $7,510 | 5.42% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $6,310 | 4.52% |
| Aberdeen, WA (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $8,777 | 4.50% |
| Edwards, CO (FHA|USDA|VA) | 2 | $1,800,000 | $900,000 | $12,222 | 4.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,755,000 | $351,000 | $7,017 | 5.00% |
| Moscow, ID (FHA|USDA|VA) | 5 | $1,745,000 | $349,000 | $8,935 | 6.20% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $1,740,000 | $870,000 | $4,529 | 5.69% |
| Hilo, HI (FHA|USDA|VA) | 2 | $1,660,000 | $830,000 | $10,430 | 4.00% |
| PROVO-OREM, UT (FHA|USDA|VA) | 4 | $1,650,000 | $412,500 | $4,922 | 5.19% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $13,091 | 5.91% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $9,012 | 4.75% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $29,453 | 4.75% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $1,540,000 | $770,000 | $6,537 | 5.00% |
| MERCED, CA (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $5,549 | 4.88% |
| TYLER, TX (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $6,372 | 4.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $8,276 | 5.40% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $1,445,000 | $1,445,000 | $19,272 | 3.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 7 | $1,425,000 | $203,571 | $8,472 | 5.07% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $5,531 | 5.50% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $30,867 | 5.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $3,848 | 4.33% |
| St. Marys, GA (FHA|USDA|VA) | 7 | $1,335,000 | $190,714 | $4,275 | 4.91% |
| Cullowhee, NC (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $7,653 | 6.17% |
| LONGVIEW, TX (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $7,130 | 4.79% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $7,204 | 4.84% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $10,269 | 5.09% |
| MEDFORD, OR (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $4,503 | 4.72% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $18,675 | 5.56% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $7,231 | 4.75% |
| VISALIA, CA (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $5,742 | 4.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $4,975 | 4.75% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $4,724 | 4.63% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $5,242 | 5.25% |
| RENO, NV (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $5,982 | 3.99% |
| Gainesville, TX (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $5,237 | 5.06% |
| VALDOSTA, GA (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $6,180 | 3.22% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $9,129 | 6.54% |
| Centralia, WA (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $6,849 | 5.63% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $6,922 | 5.75% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $7,225 | 4.31% |
| Outside of Metro Areas | 1 | $1,005,000 | $1,005,000 | $11,358 | 6.25% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $6,029 | 5.56% |
| BEND, OR (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $16,219 | 5.44% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $4,292 | 5.33% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $5,528 | 4.50% |
| Shelton, WA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $5,454 | 5.71% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $6,038 | 4.41% |
| Granbury, TX (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $7,098 | 6.46% |
| MADERA, CA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $5,629 | 5.44% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $18,126 | 4.38% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $10,955 | 6.50% |
| ROME, GA (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,994 | 4.50% |
| CHICO, CA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $9,979 | 5.94% |
| Brenham, TX (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $12,484 | 6.29% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $4,666 | 4.13% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $7,367 | 5.08% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $9,058 | 4.13% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $8,669 | 6.17% |
| READING, PA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $10,159 | 4.19% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $6,930 | 5.13% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $9,452 | 4.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,638 | 5.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $9,604 | 5.31% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $6,237 | 4.58% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $10,595 | 6.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $11,073 | 7.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $18,476 | 7.38% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $2,980 | 6.25% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $9,259 | 6.38% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,432 | 4.19% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $6,058 | 5.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $7,278 | 3.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,505 | 5.88% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $3,368 | 5.00% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $24,487 | 7.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,915 | 4.69% |
| Paris, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,772 | 5.56% |
| GREAT FALLS, MT (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,113 | 5.75% |
| Albertville, AL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $12,420 | 5.88% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $6,169 | 6.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $11,548 | 7.81% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,113 | 6.75% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $9,471 | 4.94% |
| SALEM, OR (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $15,226 | 5.13% |
| El Campo, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,352 | 4.81% |
| Marion, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,924 | 5.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,415 | 5.25% |
| MANHATTAN, KS (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $5,191 | 4.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $6,219 | 3.19% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,919 | 5.31% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,093 | 3.69% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $11,490 | 5.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $8,295 | 7.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $13,876 | 6.38% |
| Pullman, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,189 | 6.44% |
| Alexander City, AL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $1,872 | 6.06% |
| REDDING, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $17,782 | 5.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $7,485 | 4.75% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,176 | 5.19% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,455 | 5.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $9,013 | 6.25% |
| Payson, AZ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,503 | 5.75% |
| Boone, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $8,270 | 7.13% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,741 | 4.19% |
| Oxford, MS (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,405 | 5.88% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,947 | 4.50% |
| NILES, MI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $10,428 | 5.75% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,241 | 3.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $11,122 | 4.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,979 | 5.06% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,965 | 4.56% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,950 | 3.75% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,305 | 4.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,303 | 7.13% |
| TULSA, OK (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,194 | 5.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $15,004 | 6.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,414 | 4.25% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,123 | 2.75% |
| Sanford, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,040 | 5.99% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,492 | 4.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,914 | 5.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,812 | 4.31% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,643 | 5.25% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,564 | 3.13% |
| Brevard, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,331 | 6.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,788 | 6.38% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,048 | 6.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,157 | 5.63% |
| FLINT, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,840 | 6.75% |
| Sonora, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,707 | 5.00% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,190 | 5.25% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,184 | 6.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,979 | 5.99% |
| Dayton, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,941 | 4.38% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,126 | 4.38% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,483 | 7.38% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,301 | 4.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,671 | 3.50% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,573 | 4.63% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,166 | 5.88% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,053 | 4.63% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,889 | 5.25% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,539 | 6.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,714 | 5.63% |
| Rockport, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,249 | 3.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,565 | 6.38% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,737 | 4.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,517 | 4.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,992 | 4.38% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,015 | 3.25% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,909 | 7.75% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,856 | 5.25% |
| Safford, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,295 | 7.13% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,622 | 4.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,732 | 5.38% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,841 | 5.38% |
| Wooster, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,118 | 4.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,060 | 3.99% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,330 | 5.88% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,023 | 3.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,164 | 8.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,123 | 3.75% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,182 | 6.13% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,051 | 3.00% |
| Waycross, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,755 | 5.25% |
| Bonham, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,519 | 4.50% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,939 | 6.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,295 | 5.25% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,768 | 4.13% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,940 | 3.88% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,656 | 2.13% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,615 | 3.13% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,546 | 4.38% |
| ERIE, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,810 | 4.38% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,199 | 5.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,557 | 4.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,296 | 4.25% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,739 | 3.38% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,495 | 4.00% |
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We use machine learning to identify the top lenders compared against NexBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, Nexbank's most frequently originated type of loan was Conventional, with 5,049 originations. Their 2nd most popular type was VA, with 56 originations.
Loan Reason
For 2022, Nexbank's most frequently cited loan purpose was Home Purchase, with 3,555 originations. The 2nd most popular reason was Cash Out Refi, with 884 originations.
Loan Duration/Length
For 2022, Nexbank's most frequently cited loan duration was 30 Year, with 4,819 originations. The 2nd most popular length was 15 Year, with 219 originations.
Origination Fees/Closing Costs
Nexbank's average total fees were $8,368, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,604 originations.
Interest Rates
During 2022, Nexbank's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 1,475 originations.
Loan Sizing
2022 saw Nexbank place emphasis on $200k-400k loans with 2,077 originations, totaling $619,795,000 in origination value.
Applicant Income
Nexbank lent most frequently to those with incomes in the $150k-250k range, with 1,274 originations. The second most popular income band? $250k+, with 1,138 originations.
Applicant Debt to Income Ratio
Nexbank lent most frequently to those with DTI ratios of 30-36%, with 888 originations. The next most common DTI ratio? 20-30%, with 736 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.71%
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 origination91.27%
Nexbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,122 | $3,187,860,000 | $622,386 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,122 | $3,187,860,000 | $622,386 |