New Day Financial Mortgage Rates, Fees & Info

DOVER, DE

LEI: 549300SUCQ1358EGVE89

Tax ID: 22-3887207

2020 Data | 2019 Data | 2018 Data


Overview

New Day Financial is a mid-sized mortgage company specializing in Refi loans. New Day Financial has They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) a low ratio of conventional loans. Their top markets include Washington, Phoenix, Atlanta, Virginia Beach, and Riverside among others. They have a below average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. New Day Financial is typically an average fee lendor.


Originations

24,282

Origination Dollar Volume (All Markets)

$5,442,470,000

Awards

2020 NEW DAY FINANCIAL  Low Rate Award
Details

Relative Rate

New Day Financial 's average 30 year fixed rate mortgage was 2.87%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.49%.

Relative Fees

New Day Financial 's average total fees for a 30 year fixed rate mortgage are $5,464.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
VA 24,239 $5,436,835,000 $224,301 $5,415 2.85%
FHA 38 $4,790,000 $126,053 $7,411 3.65%
Conventional 5 $845,000 $169,000 $3,766 2.73%

For the 2020 period, New Day Financial 's most frequently originated loan type was VA, with 24,239 originations. Their 2nd most popular type is FHA, with 38 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 20,443 $4,518,725,000 $221,040 $4,585 2.71%
Cash Out Refi 3,062 $720,340,000 $235,251 $10,230 3.70%
Home Purchase 755 $201,255,000 $266,563 $8,443 3.12%
Other 22 $2,150,000 $97,727 $6,417 3.77%

For the 2020, New Day Financial 's most frequently cited loan purpose was Refi, with 20,443 originations. The 2nd most popular reason was Cash Out Refi, with 3,062 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 23,143 $5,271,205,000 $227,767 $5,465 2.85%
15 Year 1,076 $156,160,000 $145,130 $4,156 2.61%
Other 63 $15,105,000 $239,762 $9,933 4.18%

For the 2020, New Day Financial 's most frequently cited loan length was 30 Year, with 23,143 originations. The 2nd most popular length was 15 Year, with 1,076 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 6,657 $1,566,125,000 $235,260
$2k-3k 5,516 $1,009,550,000 $183,022
$5k+ 4,637 $1,634,155,000 $352,416
$1k-2k 4,334 $644,590,000 $148,729
$<1k 3,138 $588,050,000 $187,396

$5,464 was New Day Financial 's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 6,657 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 4,026 $743,940,000 $184,784 $4,629 2.87%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 600 $246,960,000 $411,600 $9,090 2.78%
PHOENIX-MESA-CHANDLER, AZ 654 $158,140,000 $241,804 $5,988 2.86%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 703 $156,725,000 $222,937 $5,268 2.87%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 398 $101,880,000 $255,980 $5,885 2.75%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 317 $101,015,000 $318,659 $7,523 2.96%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 400 $94,100,000 $235,250 $5,283 2.91%
SAN ANTONIO-NEW BRAUNFELS, TX 301 $69,065,000 $229,452 $5,195 2.64%
BALTIMORE-COLUMBIA-TOWSON, MD 209 $67,505,000 $322,990 $7,857 2.86%
JACKSONVILLE, FL 269 $61,535,000 $228,755 $5,811 2.89%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 277 $61,095,000 $220,560 $5,464 2.88%
ORLANDO-KISSIMMEE-SANFORD, FL 231 $56,905,000 $246,342 $5,805 2.82%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 124 $55,930,000 $451,048 $8,971 2.92%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 267 $55,775,000 $208,895 $4,841 2.67%
DENVER-AURORA-LAKEWOOD, CO 174 $55,560,000 $319,310 $8,114 2.78%
LOS ANGELES-LONG BEACH-GLENDALE, CA 117 $51,865,000 $443,291 $10,125 2.96%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 216 $51,510,000 $238,472 $5,872 2.81%
RICHMOND, VA 209 $50,155,000 $239,976 $5,266 2.81%
LAS VEGAS-HENDERSON-PARADISE, NV 178 $49,540,000 $278,315 $6,833 3.30%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 189 $48,445,000 $256,323 $5,909 2.82%
TUCSON, AZ 214 $44,470,000 $207,804 $5,121 2.81%
COLORADO SPRINGS, CO 146 $40,680,000 $278,630 $6,821 2.82%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 119 $40,345,000 $339,034 $7,182 2.77%
DALLAS-PLANO-IRVING, TX 156 $40,250,000 $258,013 $5,583 2.69%
CINCINNATI, OH-KY-IN 214 $40,160,000 $187,664 $5,081 2.89%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 141 $40,095,000 $284,362 $7,768 2.87%
PALM BAY-MELBOURNE-TITUSVILLE, FL 164 $38,880,000 $237,073 $5,189 2.84%
ST. LOUIS, MO-IL 208 $38,380,000 $184,519 $4,932 2.79%
BOISE CITY, ID 147 $37,285,000 $253,639 $6,763 2.89%
COLUMBUS, OH 193 $37,055,000 $191,995 $4,916 2.95%
KANSAS CITY, MO-KS 186 $36,810,000 $197,903 $4,817 2.85%
INDIANAPOLIS-CARMEL-ANDERSON, IN 207 $35,925,000 $173,551 $4,324 2.86%
CHARLESTON-NORTH CHARLESTON, SC 149 $34,695,000 $232,852 $5,626 2.85%
NEW BRUNSWICK-LAKEWOOD, NJ 134 $33,900,000 $252,985 $6,696 2.93%
PENSACOLA-FERRY PASS-BRENT, FL 165 $33,895,000 $205,424 $4,826 2.90%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 137 $32,385,000 $236,387 $4,969 2.74%
FAYETTEVILLE, NC 172 $31,940,000 $185,698 $4,293 2.87%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 164 $31,910,000 $194,573 $5,169 2.85%
WARREN-TROY-FARMINGTON HILLS, MI 159 $31,295,000 $196,824 $4,201 2.85%
HUNTSVILLE, AL 142 $31,270,000 $220,211 $4,965 2.84%
MEMPHIS, TN-MS-AR 151 $31,055,000 $205,662 $4,963 2.90%
SEATTLE-BELLEVUE-KENT, WA 89 $30,865,000 $346,798 $8,111 2.71%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 139 $29,515,000 $212,338 $5,289 2.85%
COLUMBIA, SC 148 $29,360,000 $198,378 $4,578 2.91%
ALBUQUERQUE, NM 139 $28,565,000 $205,504 $5,398 2.93%
OKLAHOMA CITY, OK 144 $28,500,000 $197,917 $5,349 2.99%
RALEIGH-CARY, NC 118 $26,890,000 $227,881 $5,879 2.87%
COEUR D'ALENE, ID 102 $26,150,000 $256,373 $5,923 2.71%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 97 $26,015,000 $268,196 $6,162 2.60%
KNOXVILLE, TN 123 $25,985,000 $211,260 $4,871 2.84%
TACOMA-LAKEWOOD, WA 91 $25,855,000 $284,121 $6,568 2.95%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 133 $25,105,000 $188,759 $4,686 2.85%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 133 $24,925,000 $187,406 $4,601 2.85%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 85 $24,875,000 $292,647 $8,747 2.88%
BIRMINGHAM-HOOVER, AL 123 $24,695,000 $200,772 $4,939 2.90%
NORTH PORT-SARASOTA-BRADENTON, FL 97 $24,655,000 $254,175 $6,435 2.79%
PITTSBURGH, PA 141 $23,665,000 $167,837 $5,137 2.83%
ANAHEIM-SANTA ANA-IRVINE, CA 45 $23,225,000 $516,111 $9,596 2.78%
OMAHA-COUNCIL BLUFFS, NE-IA 113 $22,195,000 $196,416 $4,323 2.79%
CLEVELAND-ELYRIA, OH 135 $21,955,000 $162,630 $4,344 2.83%
OCALA, FL 123 $21,795,000 $177,195 $4,947 2.92%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 55 $21,485,000 $390,636 $9,099 2.79%
AUGUSTA-RICHMOND COUNTY, GA-SC 112 $20,850,000 $186,161 $3,940 2.87%
PORT ST. LUCIE, FL 87 $20,555,000 $236,264 $5,359 2.81%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 93 $20,555,000 $221,022 $5,841 2.93%
GULFPORT-BILOXI, MS 116 $20,140,000 $173,621 $4,120 2.79%
GREENVILLE-ANDERSON, SC 105 $20,065,000 $191,095 $5,289 2.81%
OAKLAND-BERKELEY-LIVERMORE, CA 41 $19,105,000 $465,976 $10,854 2.95%
LAKE HAVASU CITY-KINGMAN, AZ 90 $18,960,000 $210,667 $5,584 2.91%
LAKELAND-WINTER HAVEN, FL 91 $18,575,000 $204,121 $4,768 2.88%
BAKERSFIELD, CA 78 $18,170,000 $232,949 $5,271 2.89%
NEWARK, NJ-PA 57 $18,085,000 $317,281 $7,671 2.92%
DAYTON-KETTERING, OH 104 $17,690,000 $170,096 $4,485 2.81%
FRESNO, CA 62 $17,150,000 $276,613 $6,439 2.85%
NEW ORLEANS-METAIRIE, LA 75 $16,905,000 $225,400 $5,880 2.85%
KILLEEN-TEMPLE, TX 88 $16,750,000 $190,341 $4,235 2.68%
CHATTANOOGA, TN-GA 82 $16,730,000 $204,024 $5,125 2.91%
TULSA, OK 86 $16,640,000 $193,488 $5,564 2.96%
PRESCOTT VALLEY-PRESCOTT, AZ 65 $16,445,000 $253,000 $5,387 2.80%
CAPE CORAL-FORT MYERS, FL 75 $16,165,000 $215,533 $4,576 2.87%
SPOKANE-SPOKANE VALLEY, WA 69 $16,135,000 $233,841 $5,441 2.79%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 62 $16,080,000 $259,355 $6,850 2.87%
URBAN HONOLULU, HI 38 $15,930,000 $419,211 $9,508 2.82%
CAMDEN, NJ 79 $15,715,000 $198,924 $5,763 2.95%
SALISBURY, MD-DE 69 $15,445,000 $223,841 $6,510 2.73%
MONTGOMERY, AL 75 $15,445,000 $205,933 $4,537 2.82%
WILMINGTON, DE-MD-NJ 61 $14,885,000 $244,016 $6,164 2.74%
CLARKSVILLE, TN-KY 79 $14,395,000 $182,215 $3,901 2.76%
SAVANNAH, GA 69 $14,395,000 $208,623 $4,548 2.83%
VALLEJO, CA 38 $14,200,000 $373,684 $7,948 2.79%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 52 $14,030,000 $269,808 $6,578 2.85%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 49 $13,975,000 $285,204 $7,396 2.94%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 71 $13,475,000 $189,789 $4,914 2.86%
COLUMBUS, GA-AL 73 $13,335,000 $182,671 $4,126 2.82%
OLYMPIA-LACEY-TUMWATER, WA 45 $13,245,000 $294,333 $5,828 2.74%
ELIZABETHTOWN-FORT KNOX, KY 64 $12,820,000 $200,313 $4,812 2.79%
JACKSON, MS 66 $12,740,000 $193,030 $4,831 2.96%
ASHEVILLE, NC 51 $12,465,000 $244,412 $6,095 2.76%
HARRISBURG-CARLISLE, PA 65 $12,435,000 $191,308 $5,495 2.71%
MIAMI-MIAMI BEACH-KENDALL, FL 43 $12,075,000 $280,814 $6,205 2.86%
DAPHNE-FAIRHOPE-FOLEY, AL 56 $11,980,000 $213,929 $4,738 2.84%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 60 $11,810,000 $196,833 $5,459 2.81%
WARNER ROBINS, GA 61 $11,775,000 $193,033 $4,536 2.81%
BATON ROUGE, LA 56 $11,380,000 $203,214 $5,229 2.80%
ANCHORAGE, AK 40 $11,360,000 $284,000 $7,755 3.13%
PUNTA GORDA, FL 55 $11,175,000 $203,182 $4,247 2.79%
MANCHESTER-NASHUA, NH 40 $11,090,000 $277,250 $6,565 2.82%
PORTLAND-SOUTH PORTLAND, ME 52 $11,070,000 $212,885 $5,212 2.82%
JACKSONVILLE, NC 62 $10,930,000 $176,290 $4,212 2.98%
SPRINGFIELD, MO 65 $10,885,000 $167,462 $4,160 2.89%
PHILADELPHIA, PA 51 $10,765,000 $211,078 $5,861 2.88%
LEXINGTON-FAYETTE, KY 56 $10,730,000 $191,607 $5,017 2.97%
WILMINGTON, NC 41 $10,695,000 $260,854 $6,163 2.87%
SHREVEPORT-BOSSIER CITY, LA 52 $10,540,000 $202,692 $5,167 2.76%
GRAND RAPIDS-KENTWOOD, MI 47 $10,495,000 $223,298 $5,794 2.99%
OXNARD-THOUSAND OAKS-VENTURA, CA 23 $10,415,000 $452,826 $7,249 2.94%
WINSTON-SALEM, NC 60 $10,290,000 $171,500 $4,199 2.76%
WICHITA, KS 58 $10,250,000 $176,724 $4,656 2.81%
SIERRA VISTA-DOUGLAS, AZ 57 $10,185,000 $178,684 $4,317 2.83%
MILWAUKEE-WAUKESHA, WI 55 $10,135,000 $184,273 $4,219 2.70%
GARY, IN 58 $9,990,000 $172,241 $4,126 2.69%
EUGENE-SPRINGFIELD, OR 41 $9,855,000 $240,366 $5,547 2.86%
DETROIT-DEARBORN-LIVONIA, MI 63 $9,805,000 $155,635 $4,001 2.86%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 45 $9,685,000 $215,222 $5,219 2.79%
HICKORY-LENOIR-MORGANTON, NC 47 $9,625,000 $204,787 $4,237 2.83%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 39 $9,525,000 $244,231 $5,181 2.75%
CALIFORNIA-LEXINGTON PARK, MD 31 $9,465,000 $305,323 $7,331 2.83%
RENO, NV 31 $9,395,000 $303,065 $8,696 3.18%
YORK-HANOVER, PA 51 $9,275,000 $181,863 $4,921 2.74%
THE VILLAGES, FL 38 $9,260,000 $243,684 $6,755 2.84%
HOMOSASSA SPRINGS, FL 47 $9,025,000 $192,021 $4,387 2.75%
GREENSBORO-HIGH POINT, NC 53 $9,005,000 $169,906 $4,554 2.97%
NEW BERN, NC 44 $8,780,000 $199,545 $4,953 2.90%
DOVER, DE 38 $8,610,000 $226,579 $5,322 2.67%
MOBILE, AL 53 $8,565,000 $161,604 $4,516 3.02%
HILTON HEAD ISLAND-BLUFFTON, SC 32 $8,490,000 $265,313 $6,222 2.92%
AUBURN-OPELIKA, AL 41 $8,395,000 $204,756 $4,767 2.81%
DURHAM-CHAPEL HILL, NC 37 $8,075,000 $218,243 $5,357 3.06%
SALEM, OR 33 $7,965,000 $241,364 $5,835 2.71%
NEW HAVEN-MILFORD, CT 33 $7,855,000 $238,030 $5,244 2.76%
GRAND JUNCTION, CO 32 $7,850,000 $245,313 $5,720 2.66%
STOCKTON, CA 26 $7,820,000 $300,769 $7,939 2.94%
EL PASO, TX 47 $7,785,000 $165,638 $3,679 2.71%
LANSING-EAST LANSING, MI 44 $7,670,000 $174,318 $4,263 2.86%
NAPLES-MARCO ISLAND, FL 22 $7,630,000 $346,818 $7,973 2.73%
BEND, OR 26 $7,580,000 $291,538 $6,459 2.75%
GAINESVILLE, GA 30 $7,550,000 $251,667 $6,186 2.90%
TUSCALOOSA, AL 39 $7,495,000 $192,179 $4,368 2.76%
SPARTANBURG, SC 36 $7,490,000 $208,056 $4,436 2.67%
NORWICH-NEW LONDON, CT 29 $7,465,000 $257,414 $5,995 2.86%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 34 $7,380,000 $217,059 $5,506 2.75%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 11 $7,315,000 $665,000 $12,676 3.37%
GREELEY, CO 27 $7,195,000 $266,481 $7,414 2.73%
DES MOINES-WEST DES MOINES, IA 34 $7,190,000 $211,471 $4,554 2.93%
TOLEDO, OH 46 $7,160,000 $155,652 $5,163 3.05%
FORT SMITH, AR-OK 43 $7,065,000 $164,302 $4,284 2.78%
CORPUS CHRISTI, TX 30 $6,850,000 $228,333 $4,980 2.78%
VISALIA, CA 28 $6,830,000 $243,929 $5,511 2.71%
ROANOKE, VA 39 $6,755,000 $173,205 $4,071 2.83%
GREAT FALLS, MT 32 $6,650,000 $207,813 $5,791 2.82%
FORT WAYNE, IN 38 $6,640,000 $174,737 $4,351 3.18%
SEBASTIAN-VERO BEACH, FL 32 $6,630,000 $207,188 $5,631 2.83%
RAPID CITY, SD 30 $6,610,000 $220,333 $5,307 2.82%
CANTON-MASSILLON, OH 43 $6,585,000 $153,140 $3,733 2.83%
LYNCHBURG, VA 35 $6,535,000 $186,714 $4,420 2.70%
CHARLOTTESVILLE, VA 25 $6,525,000 $261,000 $6,321 2.92%
CHICAGO-NAPERVILLE-EVANSTON, IL 29 $6,425,000 $221,552 $5,408 2.82%
LAFAYETTE, LA 35 $6,305,000 $180,143 $5,224 2.77%
AKRON, OH 40 $6,170,000 $154,250 $4,273 2.66%
PANAMA CITY, FL 29 $6,085,000 $209,828 $4,825 2.80%
TALLAHASSEE, FL 28 $6,060,000 $216,429 $4,938 2.76%
CHEYENNE, WY 26 $6,050,000 $232,692 $6,106 3.04%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 19 $5,995,000 $315,526 $8,716 3.12%
KENNEWICK-RICHLAND, WA 24 $5,990,000 $249,583 $5,701 2.72%
GAINESVILLE, FL 26 $5,960,000 $229,231 $4,382 2.82%
FORT COLLINS, CO 22 $5,940,000 $270,000 $6,045 2.67%
DOTHAN, AL 35 $5,895,000 $168,429 $4,067 2.86%
LANCASTER, PA 29 $5,855,000 $201,897 $6,765 3.07%
KINGSPORT-BRISTOL, TN-VA 32 $5,680,000 $177,500 $3,247 2.90%
LAWTON, OK 29 $5,675,000 $195,690 $4,937 3.13%
YUBA CITY, CA 22 $5,600,000 $254,545 $6,384 2.95%
IDAHO FALLS, ID 24 $5,510,000 $229,583 $5,684 2.95%
BRIDGEPORT-STAMFORD-NORWALK, CT 20 $5,490,000 $274,500 $7,038 2.90%
MANHATTAN, KS 25 $5,355,000 $214,200 $5,431 2.94%
SANTA MARIA-SANTA BARBARA, CA 14 $5,350,000 $382,143 $7,118 2.83%
YUMA, AZ 29 $5,345,000 $184,310 $4,360 2.90%
BILLINGS, MT 23 $5,315,000 $231,087 $4,779 2.66%
SANTA ROSA-PETALUMA, CA 14 $5,260,000 $375,714 $9,570 2.67%
SCRANTON--WILKES-BARRE, PA 37 $5,255,000 $142,027 $4,969 2.90%
REDDING, CA 26 $5,250,000 $201,923 $4,642 2.86%
LAS CRUCES, NM 28 $5,230,000 $186,786 $4,445 2.83%
GETTYSBURG, PA 18 $5,160,000 $286,667 $7,031 2.85%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 26 $5,090,000 $195,769 $3,907 2.78%
SANTA FE, NM 14 $5,070,000 $362,143 $8,273 2.90%
KALAMAZOO-PORTAGE, MI 23 $4,965,000 $215,870 $5,173 2.87%
JOHNSON CITY, TN 25 $4,955,000 $198,200 $4,083 2.97%
BRUNSWICK, GA 23 $4,935,000 $214,565 $6,212 2.97%
PUEBLO, CO 28 $4,900,000 $175,000 $4,094 2.86%
HOT SPRINGS, AR 29 $4,815,000 $166,034 $4,245 2.74%
MEDFORD, OR 20 $4,780,000 $239,000 $6,903 3.09%
ALBANY-LEBANON, OR 16 $4,750,000 $296,875 $7,029 2.76%
CLEVELAND, TN 26 $4,740,000 $182,308 $4,670 2.78%
BURLINGTON, NC 23 $4,705,000 $204,565 $4,936 2.84%
GOLDSBORO, NC 26 $4,650,000 $178,846 $3,776 2.90%
MACON-BIBB COUNTY, GA 23 $4,605,000 $200,217 $4,480 2.82%
AMARILLO, TX 25 $4,505,000 $180,200 $4,284 2.56%
HINESVILLE, GA 29 $4,495,000 $155,000 $3,513 2.89%
TOPEKA, KS 26 $4,480,000 $172,308 $3,329 3.10%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 35 $4,455,000 $127,286 $3,728 2.85%
MADISON, WI 18 $4,410,000 $245,000 $5,155 2.71%
VALDOSTA, GA 24 $4,410,000 $183,750 $4,439 3.03%
MORRISTOWN, TN 25 $4,395,000 $175,800 $4,849 2.95%
SAN LUIS OBISPO-PASO ROBLES, CA 11 $4,385,000 $398,636 $7,190 2.74%
RACINE, WI 24 $4,360,000 $181,667 $4,163 2.87%
HANFORD-CORCORAN, CA 18 $4,260,000 $236,667 $4,599 2.96%
MODESTO, CA 17 $4,255,000 $250,294 $6,116 3.01%
JOPLIN, MO 24 $4,250,000 $177,083 $3,940 2.69%
DULUTH, MN-WI 23 $4,215,000 $183,261 $5,030 2.85%
SUMTER, SC 22 $4,130,000 $187,727 $4,946 2.89%
CHAMBERSBURG-WAYNESBORO, PA 25 $4,125,000 $165,000 $5,041 2.79%
ATHENS-CLARKE COUNTY, GA 18 $4,100,000 $227,778 $4,751 2.72%
LINCOLN, NE 21 $4,065,000 $193,571 $4,368 2.92%
MOUNT VERNON-ANACORTES, WA 13 $4,025,000 $309,615 $6,617 2.80%
TWIN FALLS, ID 20 $3,910,000 $195,500 $3,996 2.82%
SANTA CRUZ-WATSONVILLE, CA 6 $3,900,000 $650,000 $10,438 2.83%
GREEN BAY, WI 21 $3,885,000 $185,000 $3,671 2.76%
HAGERSTOWN-MARTINSBURG, MD-WV 18 $3,860,000 $214,444 $6,814 2.76%
DECATUR, AL 21 $3,845,000 $183,095 $3,775 2.87%
WINCHESTER, VA-WV 16 $3,820,000 $238,750 $6,205 2.81%
FLINT, MI 28 $3,810,000 $136,071 $3,057 2.89%
BELLINGHAM, WA 11 $3,805,000 $345,909 $12,099 2.73%
SEBRING-AVON PARK, FL 21 $3,795,000 $180,714 $4,415 2.89%
FLORENCE-MUSCLE SHOALS, AL 16 $3,650,000 $228,125 $5,325 3.03%
JACKSON, MI 19 $3,625,000 $190,789 $5,798 2.84%
MERCED, CA 14 $3,560,000 $254,286 $5,325 2.89%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 5 $3,525,000 $705,000 $12,593 3.30%
ATLANTIC CITY-HAMMONTON, NJ 17 $3,485,000 $205,000 $3,985 2.68%
LUBBOCK, TX 19 $3,435,000 $180,789 $3,632 2.71%
SOUTH BEND-MISHAWAKA, IN-MI 23 $3,385,000 $147,174 $3,073 2.73%
LONGVIEW, WA 16 $3,320,000 $207,500 $4,858 2.65%
ROCKY MOUNT, NC 19 $3,315,000 $174,474 $5,191 2.84%
EVANSVILLE, IN-KY 24 $3,310,000 $137,917 $3,823 2.78%
EAU CLAIRE, WI 18 $3,280,000 $182,222 $3,918 2.72%
GADSDEN, AL 24 $3,270,000 $136,250 $3,512 2.87%
SHERMAN-DENISON, TX 15 $3,245,000 $216,333 $4,385 2.78%
GREENVILLE, NC 22 $3,240,000 $147,273 $3,838 2.89%
EAST STROUDSBURG, PA 18 $3,160,000 $175,556 $5,315 2.92%
ROME, GA 16 $3,140,000 $196,250 $4,153 2.72%
ABILENE, TX 21 $3,115,000 $148,333 $3,708 2.64%
ANN ARBOR, MI 18 $3,090,000 $171,667 $4,876 2.92%
CASPER, WY 16 $3,060,000 $191,250 $4,204 2.76%
MADERA, CA 12 $3,010,000 $250,833 $6,562 2.98%
SALINAS, CA 8 $3,010,000 $376,250 $8,606 2.89%
FAIRBANKS, AK 13 $3,005,000 $231,154 $6,292 2.94%
POCATELLO, ID 14 $2,990,000 $213,571 $5,954 2.83%
MISSOULA, MT 13 $2,985,000 $229,615 $5,944 2.80%
ANNISTON-OXFORD, AL 20 $2,970,000 $148,500 $3,411 2.94%
MONROE, MI 16 $2,960,000 $185,000 $5,293 2.95%
JANESVILLE-BELOIT, WI 18 $2,950,000 $163,889 $3,596 2.85%
OSHKOSH-NEENAH, WI 15 $2,945,000 $196,333 $4,421 2.72%
READING, PA 16 $2,930,000 $183,125 $4,699 2.96%
MONROE, LA 17 $2,905,000 $170,882 $5,528 2.83%
LEWISTON, ID-WA 12 $2,870,000 $239,167 $4,595 2.69%
JEFFERSON CITY, MO 17 $2,845,000 $167,353 $3,038 2.93%
HUNTINGTON-ASHLAND, WV-KY-OH 17 $2,845,000 $167,353 $3,941 2.87%
LAFAYETTE-WEST LAFAYETTE, IN 18 $2,800,000 $155,556 $3,617 2.83%
LONGVIEW, TX 14 $2,800,000 $200,000 $4,125 2.81%
HATTIESBURG, MS 15 $2,785,000 $185,667 $5,306 2.71%
STAUNTON, VA 14 $2,750,000 $196,429 $6,207 2.83%
TYLER, TX 14 $2,750,000 $196,429 $4,192 2.69%
KAHULUI-WAILUKU-LAHAINA, HI 5 $2,715,000 $543,000 $12,151 2.90%
CHICO, CA 8 $2,710,000 $338,750 $5,332 3.07%
WACO, TX 17 $2,695,000 $158,529 $3,787 2.71%
ALEXANDRIA, LA 15 $2,685,000 $179,000 $4,786 2.94%
JACKSON, TN 16 $2,670,000 $166,875 $3,090 2.63%
WAUSAU-WESTON, WI 17 $2,655,000 $156,176 $3,526 2.86%
BLACKSBURG-CHRISTIANSBURG, VA 12 $2,640,000 $220,000 $5,097 2.92%
SIOUX FALLS, SD 12 $2,610,000 $217,500 $6,245 2.84%
YAKIMA, WA 13 $2,585,000 $198,846 $5,584 2.69%
HOUMA-THIBODAUX, LA 12 $2,550,000 $212,500 $4,813 3.11%
HAMMOND, LA 16 $2,530,000 $158,125 $3,758 2.68%
TERRE HAUTE, IN 19 $2,525,000 $132,895 $2,896 2.99%
SPRINGFIELD, OH 14 $2,510,000 $179,286 $4,202 2.61%
MCALLEN-EDINBURG-MISSION, TX 13 $2,495,000 $191,923 $4,548 2.89%
LEBANON, PA 14 $2,490,000 $177,857 $4,919 2.73%
JONESBORO, AR 11 $2,455,000 $223,182 $5,937 2.98%
NILES, MI 14 $2,410,000 $172,143 $4,259 2.76%
STATE COLLEGE, PA 10 $2,410,000 $241,000 $7,545 2.99%
WICHITA FALLS, TX 14 $2,410,000 $172,143 $4,094 2.68%
SPRINGFIELD, IL 14 $2,410,000 $172,143 $2,961 2.87%
COLUMBIA, MO 15 $2,405,000 $160,333 $3,672 3.02%
ALBANY, GA 17 $2,375,000 $139,706 $3,318 2.95%
ROCHESTER, MN 13 $2,365,000 $181,923 $5,421 2.81%
DALTON, GA 15 $2,355,000 $157,000 $4,611 3.02%
OCEAN CITY, NJ 9 $2,335,000 $259,444 $4,935 2.65%
MICHIGAN CITY-LA PORTE, IN 14 $2,330,000 $166,429 $4,372 3.02%
ELGIN, IL 11 $2,235,000 $203,182 $4,873 2.78%
COLLEGE STATION-BRYAN, TX 9 $2,215,000 $246,111 $6,082 2.78%
BLOOMINGTON, IN 11 $2,215,000 $201,364 $4,685 2.71%
ST. CLOUD, MN 13 $2,205,000 $169,615 $4,073 2.73%
BEAUMONT-PORT ARTHUR, TX 15 $2,165,000 $144,333 $3,573 2.83%
SAN ANGELO, TX 10 $2,150,000 $215,000 $4,794 2.77%
JOHNSTOWN, PA 10 $2,140,000 $214,000 $5,550 2.80%
SAN RAFAEL, CA 3 $2,115,000 $705,000 $21,671 2.79%
BROWNSVILLE-HARLINGEN, TX 13 $2,095,000 $161,154 $3,500 2.71%
PINE BLUFF, AR 11 $2,095,000 $190,455 $3,471 2.91%
GRANTS PASS, OR 9 $2,045,000 $227,222 $4,779 2.60%
ST. JOSEPH, MO-KS 14 $2,040,000 $145,714 $3,228 2.82%
BOWLING GREEN, KY 10 $2,020,000 $202,000 $4,391 2.96%
ROCKFORD, IL 14 $2,010,000 $143,571 $3,080 2.86%
HARRISONBURG, VA 8 $2,010,000 $251,250 $8,036 2.56%
TEXARKANA, TX-AR 12 $1,960,000 $163,333 $3,666 2.63%
VINELAND-BRIDGETON, NJ 10 $1,960,000 $196,000 $3,846 2.56%
MANKATO, MN 10 $1,940,000 $194,000 $3,497 2.69%
ERIE, PA 13 $1,925,000 $148,077 $4,428 2.81%
MANSFIELD, OH 16 $1,920,000 $120,000 $3,018 3.00%
CEDAR RAPIDS, IA 11 $1,915,000 $174,091 $4,206 2.92%
CARBONDALE-MARION, IL 12 $1,890,000 $157,500 $3,581 2.60%
WATERLOO-CEDAR FALLS, IA 9 $1,805,000 $200,556 $3,498 2.79%
FLAGSTAFF, AZ 7 $1,795,000 $256,429 $6,743 2.71%
MIDLAND, TX 7 $1,775,000 $253,571 $6,467 2.61%
LA CROSSE-ONALASKA, WI-MN 9 $1,775,000 $197,222 $4,360 2.54%
LAKE CHARLES, LA 9 $1,745,000 $193,889 $6,023 2.83%
BANGOR, ME 11 $1,725,000 $156,818 $4,921 2.68%
MUNCIE, IN 13 $1,685,000 $129,615 $3,173 2.76%
ELKHART-GOSHEN, IN 9 $1,675,000 $186,111 $3,405 2.62%
APPLETON, WI 11 $1,645,000 $149,545 $3,742 2.67%
MUSKEGON, MI 12 $1,610,000 $134,167 $3,616 2.89%
KOKOMO, IN 12 $1,590,000 $132,500 $3,275 2.84%
WALLA WALLA, WA 7 $1,585,000 $226,429 $3,758 2.95%
ALTOONA, PA 10 $1,550,000 $155,000 $4,672 2.72%
FLORENCE, SC 9 $1,495,000 $166,111 $3,465 2.75%
BAY CITY, MI 10 $1,480,000 $148,000 $3,603 2.63%
TRENTON-PRINCETON, NJ 6 $1,480,000 $246,667 $7,730 3.06%
WILLIAMSPORT, PA 9 $1,465,000 $162,778 $4,847 2.74%
FARMINGTON, NM 9 $1,465,000 $162,778 $4,789 3.00%
EL CENTRO, CA 7 $1,445,000 $206,429 $4,719 2.63%
SAGINAW, MI 12 $1,440,000 $120,000 $2,412 2.87%
BLOOMSBURG-BERWICK, PA 8 $1,380,000 $172,500 $5,453 2.94%
PEORIA, IL 7 $1,315,000 $187,857 $4,421 2.66%
CAPE GIRARDEAU, MO-IL 11 $1,305,000 $118,636 $2,875 2.83%
WORCESTER, MA-CT 6 $1,290,000 $215,000 $4,797 3.16%
CARSON CITY, NV 4 $1,270,000 $317,500 $9,078 3.31%
MIDLAND, MI 8 $1,260,000 $157,500 $3,308 3.22%
OWENSBORO, KY 7 $1,245,000 $177,857 $5,808 2.98%
NAPA, CA 2 $1,240,000 $620,000 $16,856 2.75%
LAWRENCE, KS 6 $1,240,000 $206,667 $5,321 2.58%
LEWISTON-AUBURN, ME 7 $1,215,000 $173,571 $3,315 2.80%
AMES, IA 4 $1,200,000 $300,000 $9,134 3.19%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 3 $1,175,000 $391,667 $9,136 3.62%
KANKAKEE, IL 7 $1,165,000 $166,429 $3,126 2.66%
GRAND ISLAND, NE 7 $1,145,000 $163,571 $2,761 2.93%
IOWA CITY, IA 5 $1,105,000 $221,000 $4,984 2.65%
LAREDO, TX 5 $1,095,000 $219,000 $4,035 2.80%
CORVALLIS, OR 4 $1,080,000 $270,000 $4,947 3.03%
WHEELING, WV-OH 7 $1,065,000 $152,143 $3,721 2.59%
BOULDER, CO 3 $1,005,000 $335,000 $13,473 2.67%
COLUMBUS, IN 7 $1,005,000 $143,571 $2,493 2.78%
BATTLE CREEK, MI 8 $990,000 $123,750 $2,849 3.11%
ODESSA, TX 6 $980,000 $163,333 $3,948 2.85%
FARGO, ND-MN 3 $945,000 $315,000 $10,397 2.88%
CHAMPAIGN-URBANA, IL 6 $940,000 $156,667 $4,155 2.75%
BOSTON, MA 2 $900,000 $450,000 $6,802 3.38%
SHEBOYGAN, WI 6 $790,000 $131,667 $3,482 2.60%
PROVIDENCE-WARWICK, RI-MA 3 $765,000 $255,000 $7,323 3.63%
BLOOMINGTON, IL 5 $755,000 $151,000 $3,189 2.58%
LOGAN, UT-ID 3 $745,000 $248,333 $3,824 2.83%
VICTORIA, TX 4 $720,000 $180,000 $4,704 2.59%
SPRINGFIELD, MA 3 $625,000 $208,333 $3,817 3.75%
DANVILLE, IL 5 $605,000 $121,000 $1,960 2.95%
GRAND FORKS, ND-MN 3 $605,000 $201,667 $4,547 2.58%
SIOUX CITY, IA-NE-SD 4 $550,000 $137,500 $3,325 2.78%
DUBUQUE, IA 3 $535,000 $178,333 $3,720 2.54%
ENID, OK 2 $350,000 $175,000 $6,707 2.75%
LIMA, OH 3 $295,000 $98,333 $3,600 2.83%
FOND DU LAC, WI 3 $295,000 $98,333 $2,313 2.50%
DECATUR, IL 2 $280,000 $140,000 $3,366 2.87%
WEIRTON-STEUBENVILLE, WV-OH 3 $265,000 $88,333 $2,201 2.58%
WENATCHEE, WA 2 $230,000 $115,000 $3,001 2.44%
CUMBERLAND, MD-WV 1 $125,000 $125,000 $3,210 2.75%

New Day Financial 's top markets include Washington, Phoenix, Atlanta, Virginia Beach, and Riverside among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 10,772 $2,405,520,000 $223,312
<2.5% 8,049 $1,761,135,000 $218,802
3-4% 4,360 $999,010,000 $229,131
4-5% 1,098 $275,940,000 $251,311
5-6% 3 $865,000 $288,333

During 2020, New Day Financial 's average interest rate was 2.87%, while their most frequently originated rate bucket was 2.5-3%, with 10,772 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 10,652 $1,619,200,000 $152,009 $3,955 2.81%
$200k-400k 9,979 $2,710,025,000 $271,573 $6,436 2.88%
$100,000 or less 1,777 $134,705,000 $75,805 $2,458 2.81%
$400k-600k 1,504 $713,110,000 $474,142 $10,237 2.91%
$600k-1MM 353 $245,765,000 $696,218 $14,255 2.88%
$1MM+ 17 $19,665,000 $1,156,765 $24,625 3.30%

2020 saw New Day Financial place emphasis on $100k-200k loans with 10,652 originations, totaling $1,619,200,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 2,090 $413,490,000 $197,842 $7,613 3.30%
$75k-100k 1,320 $311,440,000 $235,939 $8,254 3.30%
$50k or less 1,204 $184,250,000 $153,032 $6,358 3.20%
$100k-150k 1,081 $308,615,000 $285,490 $9,626 3.25%
$150k-250k 409 $157,785,000 $385,782 $12,286 3.30%
$250k+ 57 $36,845,000 $646,404 $18,691 3.26%

New Day Financial lent most frequently to those with incomes in the $50k-75k range, with 2,090 originations. The second most popular income band? $75k-100k, with 1,320 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,334 $259,690,000 $194,670 $7,376 3.07%
30-36% 1,107 $246,035,000 $222,254 $8,040 3.20%
50-60% 559 $159,635,000 $285,572 $9,936 3.62%
<20% 531 $85,955,000 $161,874 $6,020 2.94%
40% 223 $56,115,000 $251,637 $9,655 3.38%
39% 203 $47,865,000 $235,788 $8,772 3.35%
41% 196 $45,020,000 $229,694 $9,260 3.41%
37% 184 $44,840,000 $243,696 $8,764 3.35%
36% 184 $44,210,000 $240,272 $8,720 3.34%
>60% 181 $50,765,000 $280,470 $7,713 3.19%
38% 179 $41,895,000 $234,050 $8,856 3.39%
49% 177 $49,275,000 $278,390 $9,871 3.63%
42% 173 $45,255,000 $261,590 $9,519 3.39%
44% 170 $44,020,000 $258,941 $9,450 3.38%
43% 163 $40,755,000 $250,031 $8,574 3.39%
45% 157 $37,925,000 $241,561 $7,757 3.36%
46% 152 $38,300,000 $251,974 $8,706 3.42%
47% 148 $38,200,000 $258,108 $8,402 3.47%
48% 147 $38,245,000 $260,170 $9,335 3.53%

New Day Financial lent most frequently to those with DTI ratios of 20-30%, with 1,334 originations. The next most common DTI ratio? 30-36%, with 1,107 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 16,444 $3,616,020,000 $219,899 $5,446 2.86%
Not provided 5,118 $1,184,240,000 $231,387 $5,344 2.78%
Black 1,991 $458,585,000 $230,329 $5,237 2.93%
American Indian 382 $82,270,000 $215,366 $4,990 2.88%
Asian 259 $76,235,000 $294,344 $6,755 2.83%
Native Hawaiian 88 $25,120,000 $285,455 $6,447 2.88%

Approval Rates

Total approvals of all applications
63.27%

New Day Financial has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
-113.33%

New Day Financial has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 24,282 $5,442,470,000 $224,136

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 5 $765,000 $153,000
Single Family (1-4 Units):Site-Built 24,277 $5,441,705,000 $224,151

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 225 $31,525,000 $140,111 $5,829 2.80%
40-60% 493 $87,885,000 $178,266 $7,317 2.93%
60-80% 902 $199,060,000 $220,687 $9,431 3.12%
80-100% 3,078 $761,310,000 $247,339 $9,495 3.67%
Over 100% 147 $49,185,000 $334,592 $16,748 3.08%
Under 20% 17 $1,375,000 $80,882 $3,745 2.78%