NQM Funding, LLC: 2025 mortgage rates, costs & approvals
How NQM Funding, LLC priced and approved home loans in 2025, measured against every lender in the official HMDA records.
HMDA legal name: NQM FUNDING, LLC · LEI 2549004Z576VEJBK3N72
In 2025, NQM Funding, LLC originated 2,386 home-purchase, refinance and cash-out loans on owner-occupied single-family homes in 46 states — 241st by volume among the 2,017 lenders profiled here.
On conventional 30-year fixed purchase loans its median rate was 7.375% (all lenders: 6.625%); its median rate spread was 81 basis points above the national median. Median conventional loan costs were $10,000, 80% higher than the national median ($5,570).
It denied 17.2% of completed home-purchase applications (all lenders: 8.5%).
How NQM Funding, LLC priced home-purchase loans
| Purchase loans, 2025 | NQM Funding, LLC | All lenders |
|---|---|---|
| 30-year fixed rate · conventional | 7.375% | 6.625% |
| 30-year fixed rate · FHA | 6.375% | 6.250% |
| 30-year fixed rate · VA | 6.125% | 6.125% |
| 15-year fixed rate · conventional | — | 5.875% |
| Rate spread vs. APOR · conventional | +0.94 pts | +0.13 pts |
| Total loan costs · conventional | $10,000 | $5,570 |
| Total loan costs · FHA | $13,210 | $11,310 |
| Total loan costs · VA | $6,850 | $6,490 |
| Origination charges (all types) | $5,150 | $1,860 |
| Borrowers paying discount points | 35.3% | 51.3% |
| Points paid, when paid (% of loan) | 0.78% | 0.87% |
| Borrowers receiving lender credits | 40.7% | 33.1% |
Medians shown with at least 20 loans. A lender's numbers reflect its borrowers (credit, down payment, loan size, location) as well as its pricing; HMDA has no credit scores. Rate spread = APR minus the average prime offer rate on the lock date, which removes most of the effect of when the rate was locked.
Loan mix and borrowers
By loan type
By purpose
Why NQM Funding, LLC denied purchase applications
First reason the lender reported for each denied home-purchase application.
Where NQM Funding, LLC lends
| State | Loans | Applications | Purchase denial rate | 30-yr rate* | Loan costs* |
|---|---|---|---|---|---|
| Florida | 592 | 775 | 16.2% | 6.999% | $10,810 |
| California | 343 | 495 | 16.0% | 7.375% | $13,560 |
| New York | 326 | 477 | 18.9% | 7.624% | $11,090 |
| New Jersey | 230 | 298 | 14.1% | 7.500% | $5,220 |
| Texas | 118 | 191 | 22.9% | 7.499% | $11,740 |
| Georgia | 94 | 139 | 22.6% | 7.749% | $13,660 |
| Arizona | 62 | 84 | 12.5% | 7.374% | $14,580 |
| Massachusetts | 58 | 92 | 27.9% | 7.750% | $18,000 |
| Illinois | 58 | 68 | 10.5% | 6.990% | $2,860 |
| Connecticut | 57 | 73 | 11.8% | 7.749% | $0 |
| Pennsylvania | 55 | 73 | 24.1% | 7.249% | $6,700 |
| Missouri | 43 | 53 | 15.9% | 6.990% | $4,020 |
| North Carolina | 33 | 52 | 18.4% | 7.374% | $5,040 |
| Maryland | 31 | 47 | 17.1% | 7.499% | $11,440 |
| Virginia | 30 | 46 | 21.2% | — | — |
| Tennessee | 30 | 38 | 8.3% | — | $9,070 |
| South Carolina | 28 | 42 | 22.2% | — | — |
| Nevada | 23 | 33 | 16.0% | — | — |
| Washington | 22 | 30 | — | — | — |
| Indiana | 19 | 29 | 15.0% | — | — |
| Colorado | 16 | 23 | — | — | — |
| Michigan | 15 | 18 | — | — | — |
| Ohio | 12 | 16 | — | — | — |
| Oregon | 11 | 14 | — | — | — |
| Utah | 9 | 15 | — | — | — |
| Minnesota | 8 | 15 | — | — | — |
| Kentucky | 7 | 9 | — | — | — |
| Alabama | 6 | 8 | — | — | — |
| Louisiana | 6 | 6 | — | — | — |
| Rhode Island | 6 | 6 | — | — | — |
| Kansas | 4 | 6 | — | — | — |
| Idaho | 4 | 5 | — | — | — |
| New Hampshire | 4 | 5 | — | — | — |
| West Virginia | 4 | 5 | — | — | — |
| Delaware | 3 | 7 | — | — | — |
| Arkansas | 3 | 5 | — | — | — |
| Alaska | 3 | 3 | — | — | — |
| Wisconsin | 3 | 3 | — | — | — |
| Oklahoma | 2 | 3 | — | — | — |
| Vermont | 2 | 2 | — | — | — |
| District of Columbia | 1 | 3 | — | — | — |
| Maine | 1 | 1 | — | — | — |
| Mississippi | 1 | 1 | — | — | — |
| North Dakota | 1 | 1 | — | — | — |
| Nebraska | 1 | 1 | — | — | — |
| South Dakota | 1 | 1 | — | — | — |
*Conventional home-purchase loans, medians with at least 20 loans. Linked state names open NQM Funding, LLC's page for that state.
Counties where NQM Funding, LLC is a top lender
| County | Rank | Loans | Market share |
|---|---|---|---|
| Dukes County, MA | 13 | 2 | 1.5% |
| Clay County, TN | 15 | 1 | 1.5% |
| Richmond County, VA | 16 | 1 | 1.4% |
| St. Lucie County, FL | 20 | 71 | 1.0% |
| Martin County, FL | 19 | 22 | 1.0% |
| Palm Beach County, FL | 17 | 163 | 1.0% |
| Surry County, VA | 21 | 1 | 1.0% |
| Greene County, NC | 19 | 1 | 0.9% |
| Rockland County, NY | 24 | 17 | 0.7% |
| Madison County, MO | 20 | 1 | 0.7% |
| Upshur County, WV | 19 | 1 | 0.7% |
| Grady County, GA | 25 | 1 | 0.6% |
| Apache County, AZ | 22 | 1 | 0.6% |
| Richland County, ND | 21 | 1 | 0.6% |
| Avoyelles Parish, LA | 25 | 1 | 0.3% |
Check NQM Funding, LLC yourself
- FFIEC HMDA Data Browser — the official 2025 records filed under LEI 2549004Z576VEJBK3N72.
- NMLS Consumer Access — confirm the company and loan officer are licensed in your state.
- CFPB Consumer Complaint Database — search complaints by company name.
- Compare your Loan Estimate from NQM Funding, LLC with similar 2025 loans.
This is a statistical profile, not a review or recommendation. HMDA data alone cannot show whether a lender complies with fair-lending laws, and a lender's medians depend on the borrowers it serves.
Lenders of similar size
Source: FFIEC/CFPB HMDA 2025 public LAR and filer list. Core segment: owner-occupied, single-family site-built, first-lien, closed-end purchase and refinance loans. Methodology