NVR Mortgage Finance at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 101 large mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
39th20.7% deniedPricingmedian rate spread over APOR, weight 30%
86th-0.04 ptsProcesswithdrawn + incomplete share, weight 15%
88th10.2%Closing coststotal loan costs ÷ loan amount, weight 10%
75th2.06% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 21,875 | 15,867 | 16.9% | 18.9% | 5.99% | $5.7B |
| 2024 | 23,698 | 17,311 | 17.2% | 19.0% | 6.38% | $6.3B |
| 2025 | 23,048 | 16,403 | 18.6% | 20.7% | 6.25% | $6.0B |
What NVR Mortgage Finance lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 550 investment properties.
Why NVR Mortgage Finance denies applications
Primary reason reported for each of the 4,288 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at NVR Mortgage Finance
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 1,118 | 426 | 57.0% |
| $50k – $100k | 7,731 | 5,162 | 25.7% |
| $100k – $150k | 6,967 | 5,276 | 16.7% |
| $150k – $250k | 5,222 | 4,110 | 11.8% |
| Over $250k | 1,688 | 1,326 | 8.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 995 | 718 | 22.3% |
| 25–34 | 6,342 | 4,756 | 19.2% |
| 35–44 | 5,643 | 3,918 | 23.6% |
| 45–54 | 3,946 | 2,636 | 25.4% |
| 55–64 | 3,399 | 2,415 | 18.9% |
| 65–74 | 2,086 | 1,501 | 13.6% |
| Over 74 | 637 | 459 | 9.7% |
Where NVR Mortgage Finance lends
17 states and 216 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 3,903 | 2,711 | 20.2% | 6.13% | #17 |
| Maryland | 2,739 | 1,912 | 19.7% | 6.25% | #17 |
| North Carolina | 2,595 | 1,829 | 17.2% | 6.13% | #38 |
| Ohio | 2,433 | 1,817 | 15.8% | 6.25% | #42 |
| South Carolina | 2,220 | 1,514 | 21.0% | 6.13% | #24 |
| Pennsylvania | 1,831 | 1,502 | 7.6% | 6.50% | #54 |
| Florida | 1,821 | 1,211 | 24.7% | 5.99% | #100 |
| Delaware | 1,414 | 1,001 | 18.7% | 6.63% | #5 |
| Tennessee | 1,042 | 817 | 15.6% | 5.99% | #62 |
| New Jersey | 949 | 655 | 19.6% | 6.50% | #65 |
| Indiana | 658 | 445 | 22.6% | 6.13% | #96 |
| Georgia | 552 | 287 | 34.6% | 6.13% | #143 |
| Illinois | 411 | 336 | 13.6% | 6.13% | #148 |
| New York | 208 | 167 | 7.7% | 6.25% | #204 |
| West Virginia | 182 | 138 | 14.3% | 6.25% | #65 |
| Kentucky | 77 | 50 | 31.2% | 6.50% | #231 |
| District of Columbia | 13 | 11 | 0.0% | 6.63% | #164 |
Frequently asked questions
NVR Mortgage Finance denied 20.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 39th percentile of large mortgage lenders.
The most common reason NVR Mortgage Finance gave in 2025 was "debt-to-income ratio", cited on 55.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans NVR Mortgage Finance originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was -0.04 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 100% of its applications were for home purchases, 0% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 52% conventional, 34% FHA, 13% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.