Federated Mortgage Corp. Rates, Fees & Info
PITTSBURGH, PALEI: 5493009RSCJ6Y7LUWJ31
Tax ID: 75-3036920
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Federated Mortgage Corp. is a smaller mortgage company specializing in Refi and Home Purchase loans. Federated Mortgage Corp. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Pittsburgh, Washington, Baltimore, Philadelphia, and New York among others. Federated Mortgage Corp. has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.Originations
1,275Origination Dollar Volume (All Markets)
$376,485,000Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 531 | $120,275,000 | $226,507 | $4,108 | 2.74% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 181 | $71,245,000 | $393,619 | $2,454 | 2.43% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 144 | $53,380,000 | $370,694 | $2,463 | 2.41% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 77 | $22,995,000 | $298,636 | $2,927 | 2.57% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 57 | $19,605,000 | $343,947 | $2,949 | 2.41% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 16 | $8,170,000 | $510,625 | $2,681 | 2.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 16 | $7,050,000 | $440,625 | $2,618 | 2.55% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 22 | $5,850,000 | $265,909 | $3,249 | 2.65% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 21 | $5,615,000 | $267,381 | $3,029 | 2.87% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 14 | $4,670,000 | $333,571 | $2,063 | 2.90% |
| RICHMOND, VA (FHA|USDA|VA) | 16 | $4,640,000 | $290,000 | $2,252 | 2.80% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 12 | $4,190,000 | $349,167 | $2,308 | 2.66% |
| Outside of Metro Areas | 13 | $3,835,000 | $295,000 | $2,897 | 2.80% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 6 | $3,610,000 | $601,667 | $2,559 | 2.79% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $3,155,000 | $286,818 | $2,891 | 2.60% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $3,135,000 | $285,000 | $2,457 | 2.85% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $3,070,000 | $307,000 | $2,399 | 2.79% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $2,950,000 | $295,000 | $3,642 | 2.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 8 | $2,190,000 | $273,750 | $2,800 | 2.48% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 9 | $2,175,000 | $241,667 | $3,463 | 2.97% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,885,000 | $377,000 | $1,381 | 2.72% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,805,000 | $601,667 | $3,476 | 3.17% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $4,782 | 2.55% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $3,470 | 2.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $1,185,000 | $169,286 | $2,431 | 2.66% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $2,565 | 2.56% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $1,923 | 2.60% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $2,964 | 2.96% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $2,707 | 2.38% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $5,435 | 2.78% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $3,124 | 2.68% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $3,948 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $3,103 | 2.44% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $5,993 | 3.54% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $2,219 | 2.71% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $1,663 | 2.58% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,557 | 2.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,806 | 3.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,158 | 2.19% |
| Meadville, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,023 | 3.00% |
| New Castle, PA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $4,892 | 2.96% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $1,450 | 1.99% |
| CHICO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,125 | 2.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,750 | 2.63% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $1,425 | 2.99% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,750 | 2.50% |
| DuBois, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,125 | 2.13% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,100 | 2.63% |
| Somerset, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,750 | 2.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,339 | 2.88% |
| AKRON, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,488 | 3.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,760 | 3.50% |
| Sayre, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,785 | 2.75% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,750 | 2.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,125 | 2.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,550 | 2.13% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,885 | 2.25% |
| Oil City, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,976 | 2.38% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,458 | 2.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,750 | 2.38% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,798 | 2.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,850 | 4.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,110 | 3.38% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,645 | 3.88% |
Federated Mortgage Corp.'s top markets include Pittsburgh, Washington, Baltimore, Philadelphia, and New York among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,199 | $360,305,000 | $300,505 | $3,136 | 2.63% |
| FHA | 53 | $10,185,000 | $192,170 | $6,203 | 2.79% |
| VA | 19 | $5,405,000 | $284,474 | $4,996 | 2.51% |
| USDA | 4 | $590,000 | $147,500 | $5,992 | 2.84% |
For the 2021 period, Federated Mortgage Corp.'s most frequently originated loan type of loans were Conventional, with 1,199 originations. Their 2nd most popular type is FHA, with 53 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 653 | $200,885,000 | $307,634 | $2,756 | 2.47% |
| Home Purchase | 412 | $113,250,000 | $274,879 | $4,304 | 2.85% |
| Cash Out Refi | 210 | $62,350,000 | $296,905 | $3,042 | 2.69% |
For the 2021, Federated Mortgage Corp.'s most frequently cited loan purpose of loans were Refi, with 653 originations. The 2nd most popular reason of loans were Home Purchase, with 412 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 1,275 | $376,485,000 | $295,282 | $3,301 | 2.63% |
For the 2021, Federated Mortgage Corp.'s most frequently cited loan length of loans were Other, with 1,275 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 942 | $256,670,000 | $272,473 |
| $<1k | 299 | $111,945,000 | $374,398 |
| $2k-3k | 23 | $4,995,000 | $217,174 |
| $3k-4k | 9 | $2,105,000 | $233,889 |
| $5k+ | 2 | $770,000 | $385,000 |
$0 of loans were Federated Mortgage Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 942 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 592 | $185,780,000 | $313,818 |
| 2.5-3% | 528 | $155,710,000 | $294,905 |
| 3-4% | 147 | $33,995,000 | $231,259 |
| 4-5% | 8 | $1,000,000 | $125,000 |
During 2021, Federated Mortgage Corp.'s average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were <2.5%, with 592 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 634 | $182,690,000 | $288,155 | $3,309 | 2.58% |
| $100k-200k | 314 | $48,200,000 | $153,503 | $3,623 | 2.76% |
| $400k-600k | 265 | $125,365,000 | $473,075 | $2,869 | 2.51% |
| $100,000 or less | 39 | $3,105,000 | $79,615 | $3,589 | 3.14% |
| $600k-1MM | 22 | $15,990,000 | $726,818 | $3,141 | 2.75% |
| $1MM+ | 1 | $1,135,000 | $1,135,000 | $2,565 | 2.75% |
2021 saw Federated Mortgage Corp. place emphasis on $200k-400k loans with 634 originations, totaling $182,690,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 425 | $131,255,000 | $308,835 | $3,066 | 2.55% |
| $150k-250k | 327 | $114,065,000 | $348,823 | $3,157 | 2.61% |
| $75k-100k | 185 | $47,725,000 | $257,973 | $3,560 | 2.66% |
| $50k-75k | 152 | $28,600,000 | $188,158 | $3,882 | 2.77% |
| $250k+ | 103 | $42,215,000 | $409,854 | $3,032 | 2.63% |
| $50k or less | 81 | $11,985,000 | $147,963 | $3,776 | 2.83% |
Federated Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 425 originations. The second most popular income band? $150k-250k, with 327 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 431 | $129,785,000 | $301,125 | $3,207 | 2.57% |
| 30-36% | 261 | $83,655,000 | $320,517 | $3,099 | 2.60% |
| <20% | 183 | $46,525,000 | $254,235 | $3,221 | 2.59% |
| 36% | 39 | $12,605,000 | $323,205 | $3,670 | 2.67% |
| 40% | 35 | $10,195,000 | $291,286 | $3,013 | 2.66% |
| 38% | 34 | $9,470,000 | $278,529 | $3,506 | 2.80% |
| 37% | 31 | $10,185,000 | $328,548 | $3,477 | 2.66% |
| 41% | 30 | $9,560,000 | $318,667 | $3,117 | 2.74% |
| 42% | 29 | $7,905,000 | $272,586 | $3,605 | 2.77% |
| 39% | 28 | $8,090,000 | $288,929 | $3,259 | 2.71% |
| 43% | 28 | $8,240,000 | $294,286 | $3,605 | 2.75% |
| 44% | 28 | $7,780,000 | $277,857 | $3,762 | 2.85% |
| 45% | 24 | $6,960,000 | $290,000 | $3,859 | 2.78% |
| 46% | 21 | $5,915,000 | $281,667 | $3,103 | 2.73% |
| 49% | 20 | $5,880,000 | $294,000 | $3,646 | 2.67% |
| 50-60% | 17 | $4,195,000 | $246,765 | $5,685 | 2.87% |
| 48% | 14 | $3,540,000 | $252,857 | $4,085 | 2.80% |
| 47% | 11 | $3,015,000 | $274,091 | $3,412 | 2.62% |
| >60% | 8 | $2,060,000 | $257,500 | $3,540 | 2.39% |
Federated Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 431 originations. The next most common DTI ratio? 30-36%, with 261 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 711 | $179,635,000 | $252,651 | $3,726 | 2.70% |
| Asian | 426 | $153,920,000 | $361,315 | $2,724 | 2.48% |
| Not provided | 67 | $19,335,000 | $288,582 | $2,890 | 2.77% |
| Asian Indian | 30 | $11,430,000 | $381,000 | $2,246 | 2.62% |
| Black | 30 | $8,970,000 | $299,000 | $3,764 | 2.96% |
| Filipino | 3 | $985,000 | $328,333 | $1,748 | 2.71% |
| Not applicable | 2 | $830,000 | $415,000 | $2,065 | 2.81% |
| Native Hawaiian | 2 | $520,000 | $260,000 | $2,600 | 2.37% |
| American Indian | 2 | $390,000 | $195,000 | $3,418 | 2.63% |
| Korean | 1 | $265,000 | $265,000 | $3,125 | 2.88% |
| Other Asian | 1 | $205,000 | $205,000 | $940 | 2.88% |
Approval Rates
Total approvals of all applications98.22%
Federated Mortgage Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.85%
Federated Mortgage Corp. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 11290.02 | 1 | $565,000 | $565,000 |
| 4670.0 | 1 | $455,000 | $455,000 |
| 5837.5 | 1 | $365,000 | $365,000 |
| 6080.0 | 1 | $265,000 | $265,000 |
| 9578.22 | 1 | $345,000 | $345,000 |
| NA | 1,270 | $374,490,000 | $294,874 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,275 | $376,485,000 | $295,282 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 68 | $15,960,000 | $234,706 | $2,593 | 2.50% |
| 40-60% | 282 | $82,270,000 | $291,738 | $2,723 | 2.43% |
| 60-80% | 542 | $170,510,000 | $314,594 | $3,107 | 2.64% |
| 80-100% | 374 | $106,030,000 | $283,503 | $4,121 | 2.78% |
| Over 100% | 2 | $470,000 | $235,000 | $9,718 | 3.00% |
| Under 20% | 7 | $1,245,000 | $177,857 | $2,854 | 3.16% |
