Nexus Series B Mortgage Rates, Fees & Info
CAMDEN, DELEI: 549300X0DCWAGU4DZH55
Tax ID: 82-0760392
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Nexus Series B is a smaller mortgage company specializing in NA loans. Nexus Series B has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Houston, San Antonio, Dallas, and Mcallen among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Nexus Series B 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.
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.
Originations
68Origination Dollar Volume (All Markets)
$22,300,000Top 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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 47 | $16,845,000 | $358,404 | $0 | 11.03% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $2,430,000 | $303,750 | $0 | 10.95% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $0 | 11.21% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 10.95% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 10.95% |
| Outside of Metro Areas | 1 | $455,000 | $455,000 | $0 | 10.95% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 10.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $22,300,000 | $327,941 | $0 | 11.03% |
For 2019, Nexus Series B's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| NA | 68 | $22,300,000 | $327,941 | $0 | 11.03% |
For 2019, Nexus Series B's most frequently cited loan purpose was NA, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $22,300,000 | $327,941 | $0 | 11.03% |
For 2019, Nexus Series B's most frequently cited loan duration was Other, with 68 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 64 | $20,800,000 | $325,000 |
During 2019, Nexus Series B's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 64 originations.
Loan Sizing
2019 saw Nexus Series B place emphasis on $200k-400k loans with 28 originations, totaling $7,390,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 1 | $135,000 | $135,000 | $0 | 10.95% |
Nexus Series B lent most frequently to those with incomes in the $150k-250k range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 50-60% | 1 | $135,000 | $135,000 | $0 | 10.95% |
Nexus Series B lent most frequently to those with DTI ratios of 50-60%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 67 | $22,165,000 | $330,821 | $0 | 11.03% |
| White | 1 | $135,000 | $135,000 | $0 | 10.95% |
Approval Rates
Total approvals of all applications97.67%
Nexus Series B has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.47%
Nexus Series B has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 68 | $22,300,000 | $327,941 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 68 | $22,300,000 | $327,941 |