Greater Nevada Mortgage Rates, Fees & Info
RENO, NVLEI: 549300QZED00YTPAWQ69
Tax ID: 88-0500878
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Mortgage Data
Review & Overview
Greater Nevada is a smaller mortgage company specializing in Home Improvement and Home Purchase 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, Las Vegas, Fernley, and Gardnerville Ranchos among others. We have data for 12 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 a low 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 | 6.48% | 5/11/25 |
| 30 Year Conventional Refi | 5.58% | 5/11/25 |
| 30 Year FHA Purchase | 7.56% | 5/11/25 |
| 30 Year FHA Refi | 7.40% | 5/11/25 |
| 30 Year VA Purchase | 6.64% | 5/11/25 |
| 30 Year VA Refi | 7.31% | 5/11/25 |
| 30 Year USDA Purchase | 7.26% | 5/11/25 |
| 15 Year Conventional Purchase | 7.04% | 5/11/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
624Origination Dollar Volume (All Markets)
$121,210,000Awards
GREATER NEVADA - 2024
GREATER NEVADA is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Greater Nevada's average 30 year fixed mortgage rate was
6.46%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.09%.
Relative Fees (Closing Costs)
Greater Nevada's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,153.
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 $8,356.
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 |
|---|---|---|---|---|---|
| RENO, NV (FHA|USDA|VA) | 255 | $53,085,000 | $208,176 | $5,247 | 8.01% |
| CARSON CITY, NV (FHA|USDA|VA) | 97 | $14,485,000 | $149,330 | $5,507 | 8.23% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 50 | $14,070,000 | $281,400 | $6,089 | 7.06% |
| Fernley, NV (FHA|USDA|VA) | 78 | $12,930,000 | $165,769 | $7,197 | 7.80% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 76 | $11,920,000 | $156,842 | $6,142 | 8.46% |
| Elko, NV (FHA|USDA|VA) | 32 | $8,840,000 | $276,250 | $7,685 | 6.81% |
| Outside of Metro Areas | 18 | $2,560,000 | $142,222 | $5,990 | 7.28% |
| Fallon, NV (FHA|USDA|VA) | 11 | $1,695,000 | $154,091 | $7,223 | 7.76% |
| Winnemucca, NV (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $14,012 | 7.91% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $13,115 | 7.13% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,791 | 6.88% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,668 | 6.25% |
Similar Lenders
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.
Similarity Rank: 548
Similarity Rank: 630
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Similarity Rank: 986
Similarity Rank: 1440
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Similarity Rank: 1900
Similarity Rank: 2478
Similarity Rank: 2479
Product Mix
For 2024, Greater Nevada's most frequently originated type of loan was Conventional, with 306 originations. Their 2nd most popular type was HELOC, with 278 originations.
Loan Reason
For 2024, Greater Nevada's most frequently cited loan purpose was Home Improvement, with 397 originations. The 2nd most popular reason was Home Purchase, with 188 originations.
Loan Duration/Length
For 2024, Greater Nevada's most frequently cited loan duration was Other, with 368 originations. The 2nd most popular length was 30 Year, with 251 originations.
Origination Fees/Closing Costs
Greater Nevada's average total fees were $6,153, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 165 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 365 | $34,325,000 | $94,041 |
| 6-7% | 128 | $42,370,000 | $331,016 |
| 5-6% | 78 | $27,490,000 | $352,436 |
| 7-8% | 53 | $17,025,000 | $321,226 |
During 2024, Greater Nevada's average interest rate for loans was 6.46%, while their most frequently originated rate bucket for loans was Over 8%, with 365 originations.
Loan Sizing
2024 saw Greater Nevada place emphasis on $100,000 or less loans with 236 originations, totaling $13,500,000 in origination value.
Applicant Income
Greater Nevada lent most frequently to those with incomes in the $100k-150k range, with 182 originations. The second most popular income band? $75k-100k, with 136 originations.
Applicant Debt to Income Ratio
Greater Nevada lent most frequently to those with DTI ratios of 30-36%, with 115 originations. The next most common DTI ratio? 20-30%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.90%
Greater Nevada has an average approval rate.
Pick Rate
Approvals leading to origination87.34%
Greater Nevada has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 83 | $7,925,000 | $95,482 |
| 155.0 | 1 | $145,000 | $145,000 |
| 225.0 | 1 | $155,000 | $155,000 |
| 25.0 | 2 | $160,000 | $80,000 |
| NA | 537 | $112,825,000 | $210,102 |