Greater Nevada Mortgage Rates, Fees & InfoRENO, NV
Tax ID: 88-0500878
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewGreater Nevada is a smaller mortgage company specializing in Home Improvement, Home Purchase, and Refi loans. Greater Nevada has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Reno, Carson City, Fernley, Gardnerville Ranchos, and Elko among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)
Greater Nevada 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. Greater Nevada 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.70%||11/30/23|
|30 Year Conventional Refi||6.63%||11/30/23|
|30 Year Cash-out Refi||6.82%||11/30/23|
|30 Year FHA Purchase||7.78%||11/30/23|
|30 Year FHA Refi||7.32%||11/30/23|
|30 Year VA Purchase||6.76%||11/30/23|
|30 Year VA Refi||6.66%||11/30/23|
|30 Year USDA Purchase||6.83%||11/30/23|
|15 Year Conventional Purchase||6.37%||11/30/23|
|15 Year Conventional Refi||6.15%||11/30/23|
|15 Year Cash-out Refi||6.15%||11/30/23|
|15 Year VA Refi||6.90%||11/30/23|
|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.|
Greater Nevada Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Greater Nevada. 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.
Origination Dollar Volume (All Markets)$181,360,000
Greater Nevada's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.22%.
Relative Fees (Closing Costs)
Greater Nevada's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,429.
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 $4,750.
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|
|RENO, NV (FHA|USDA|VA)||468||$85,820,000||$183,376||$4,978||4.37%|
|CARSON CITY, NV (FHA|USDA|VA)||143||$20,915,000||$146,259||$5,088||4.31%|
|Fernley, NV (FHA|USDA|VA)||117||$20,535,000||$175,513||$5,228||4.57%|
|Gardnerville Ranchos, NV (FHA|USDA|VA)||116||$18,940,000||$163,276||$4,651||4.55%|
|Elko, NV (FHA|USDA|VA)||66||$14,320,000||$216,970||$6,874||4.99%|
|Outside of Metro Areas||40||$6,990,000||$174,750||$5,211||4.21%|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||46||$6,070,000||$131,957||$5,122||4.59%|
|Fallon, NV (FHA|USDA|VA)||20||$4,400,000||$220,000||$5,521||4.85%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||4||$1,250,000||$312,500||$4,519||5.50%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||1||$765,000||$765,000||$7,340||5.00%|
|Pahrump, NV (FHA|USDA|VA)||5||$585,000||$117,000||$4,996||4.78%|
|FRESNO, CA (FHA|USDA|VA)||1||$275,000||$275,000||$4,118||5.38%|
|Ukiah, CA (FHA|USDA|VA)||1||$225,000||$225,000||$5,236||5.63%|
|Winnemucca, NV (FHA|USDA|VA)||1||$205,000||$205,000||$3,575||2.88%|
|Susanville, CA (FHA|USDA|VA)||1||$65,000||$65,000||$3,719||2.88%|
We use machine learning to identify the top lenders compared against GREATER NEVADA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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For 2022, Greater Nevada's most frequently originated type of loan was HELOC, with 587 originations. Their 2nd most popular type was Conventional, with 377 originations.
For 2022, Greater Nevada's most frequently cited loan purpose was Home Improvement, with 603 originations. The 2nd most popular reason was Home Purchase, with 217 originations.
For 2022, Greater Nevada's most frequently cited loan duration was Other, with 589 originations. The 2nd most popular length was 30 Year, with 379 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Greater Nevada's average total fees were $5,429, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 276 originations.
During 2022, Greater Nevada's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 3-4%, with 419 originations.
2022 saw Greater Nevada place emphasis on $100,000 or less loans with 379 originations, totaling $21,835,000 in origination value.
Greater Nevada lent most frequently to those with incomes in the $100k-150k range, with 270 originations. The second most popular income band? $75k-100k, with 229 originations.
Applicant Debt to Income Ratio
Greater Nevada lent most frequently to those with DTI ratios of 20-30%, with 177 originations. The next most common DTI ratio? 30-36%, with 174 originations.
Approval RatesTotal approvals of all applications
Greater Nevada has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Greater Nevada has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|