Federated Mortgage Corp. Rates, Fees & Info

PITTSBURGH, PA

LEI: 5493009RSCJ6Y7LUWJ31

Tax ID: 75-3036920

5 stars - Updated: 4/5/25 - out of 5 stars, based on 20 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Federated Mortgage Corp. is a smaller mortgage company specializing in Home Purchase and Refi 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 by origination volume include: Pittsburgh, Washington, Baltimore, New York, and Philadelphia among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)

Federated Mortgage Corp. has an above average approval rate when compared to the average across all lenders. Federated Mortgage Corp. is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.89% 4/5/25
30 Year Conventional Refi 6.80% 4/5/25
30 Year Cash-out Refi 8.54% 4/5/25
30 Year FHA Purchase 7.31% 4/5/25
30 Year FHA Refi 6.66% 4/5/25
30 Year VA Purchase 6.39% 4/5/25
30 Year VA Refi 6.22% 4/5/25
30 Year USDA Purchase 7.10% 4/5/25
15 Year Conventional Purchase 5.84% 4/5/25
15 Year Conventional Refi 5.76% 4/5/25
15 Year Cash-out Refi 5.76% 4/5/25
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Federated Mortgage Corp. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Federated Mortgage Corp.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

394

Origination Dollar Volume (All Markets)

$146,400,000
Show all (6) awards

Relative Rate

Federated Mortgage Corp.'s average 30 year fixed mortgage rate was 6.6%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 0.05%.

Relative Fees (Closing Costs)

Federated Mortgage Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $4,899.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

Top 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
PITTSBURGH, PA (FHA|USDA|VA) 205 $55,055,000 $268,561 $5,925 6.59%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 59 $34,905,000 $591,610 $2,748 6.23%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 38 $17,720,000 $466,316 $3,459 6.68%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 11 $6,855,000 $623,182 $5,949 6.12%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 12 $4,250,000 $354,167 $2,268 6.84%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $4,005,000 $445,000 $4,434 6.61%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $2,750,000 $458,333 $2,976 6.67%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $2,265,000 $453,000 $1,869 6.47%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $2,100,000 $525,000 $5,140 6.09%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $2,010,000 $502,500 $3,124 6.59%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,885,000 $628,333 $3,125 6.33%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,580,000 $395,000 $1,625 6.81%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,350,000 $675,000 $5,952 6.69%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,320,000 $330,000 $8,561 6.87%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $780,000 $390,000 $2,967 5.88%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $765,000 $765,000 $2,035 6.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $765,000 $765,000 $1,940 5.63%
COLUMBUS, OH (FHA|USDA|VA) 2 $690,000 $345,000 $2,466 7.88%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $610,000 $305,000 $7,723 8.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $560,000 $280,000 $5,999 6.88%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $525,000 $525,000 $4,583 6.88%
STOCKTON, CA (FHA|USDA|VA) 1 $485,000 $485,000 $1,600 7.13%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $450,000 $225,000 $2,168 6.87%
ERIE, PA (FHA|USDA|VA) 1 $295,000 $295,000 $13,277 6.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $275,000 $275,000 $9,991 6.13%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $255,000 $255,000 $1,835 5.99%
New Castle, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,587 6.49%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,785 7.62%
RICHMOND, VA (FHA|USDA|VA) 1 $235,000 $235,000 $1,520 7.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,725 6.13%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,777 6.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,535 6.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,572 6.99%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $115,000 $115,000 $4,776 7.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,545 6.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $95,000 $95,000 $4,331 7.13%
Somerset, PA (FHA|USDA|VA) 1 $85,000 $85,000 $4,318 5.38%
Federated Mortgage Corp.'s top markets include Pittsburgh, Washington, Baltimore, New York, and Philadelphia among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against FEDERATED MORTGAGE CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Columbia Bank
    Similarity Rank: 32
    TRI BORO
    Similarity Rank: 68
    County Savings Bank
    Similarity Rank: 82
    POINT BREEZE
    Similarity Rank: 90
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 168
    Sail Mortgage Corp.
    Similarity Rank: 213

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 352 $134,880,000 $383,182 $4,244 6.57%
    FHA 28 $7,260,000 $259,286 $9,490 6.53%
    VA 12 $3,910,000 $325,833 $8,615 5.98%
    USDA 2 $350,000 $175,000 $6,967 6.81%

    For 2024, Federated Mortgage Corp.'s most frequently originated type of loan was Conventional, with 352 originations. Their 2nd most popular type was FHA, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 295 $98,045,000 $332,356 $5,581 6.60%
    Refi 95 $46,565,000 $490,158 $2,117 6.37%
    Cash Out Refi 4 $1,790,000 $447,500 $8,060 7.75%

    For 2024, Federated Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 295 originations. The 2nd most popular reason was Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 371 $134,205,000 $361,739 $4,899 6.60%
    15 Year 14 $7,150,000 $510,714 $2,782 5.62%
    20 Year 7 $3,525,000 $503,571 $2,593 6.20%
    10 Year 1 $435,000 $435,000 $1,707 5.25%
    Other 1 $1,085,000 $1,085,000 $1,995 6.49%

    For 2024, Federated Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 371 originations. The 2nd most popular length was 15 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 180 $53,200,000 $295,556
    $<1k 140 $69,410,000 $495,786
    $2k-3k 38 $10,350,000 $272,368
    $3k-4k 17 $6,425,000 $377,941
    $5k+ 9 $3,975,000 $441,667
    $4k-5k 8 $2,910,000 $363,750

    Federated Mortgage Corp.'s average total fees were $4,899, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 180 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 251 $93,035,000 $370,657
    5-6% 73 $31,685,000 $434,041
    7-8% 61 $18,345,000 $300,738
    Over 8% 6 $1,850,000 $308,333
    4-5% 3 $1,485,000 $495,000

    During 2024, Federated Mortgage Corp.'s average interest rate for loans was 6.60%, while their most frequently originated rate bucket for loans was 6-7%, with 251 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 145 $41,505,000 $286,241 $5,232 6.69%
    $400k-600k 82 $40,620,000 $495,366 $4,402 6.45%
    $100k-200k 81 $12,675,000 $156,481 $4,707 6.54%
    $600k-1MM 66 $46,120,000 $698,788 $4,470 6.34%
    $100,000 or less 16 $1,150,000 $71,875 $4,130 6.89%
    $1MM+ 4 $4,330,000 $1,082,500 $3,695 6.28%

    2024 saw Federated Mortgage Corp. place emphasis on $200k-400k loans with 145 originations, totaling $41,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 110 $48,990,000 $445,364 $4,385 6.53%
    $100k-150k 103 $35,875,000 $348,301 $4,792 6.62%
    $250k+ 67 $37,135,000 $554,254 $4,440 6.70%
    $75k-100k 47 $11,135,000 $236,915 $5,324 6.51%
    $50k-75k 45 $8,545,000 $189,889 $5,620 6.34%
    $50k or less 21 $4,355,000 $207,381 $4,761 6.45%

    Federated Mortgage Corp. lent most frequently to those with incomes in the $150k-250k range, with 110 originations. The second most popular income band? $100k-150k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 90 $28,680,000 $318,667 $4,776 6.55%
    30-36% 64 $24,390,000 $381,094 $4,165 6.47%
    <20% 24 $7,020,000 $292,500 $4,156 6.66%
    39% 21 $9,955,000 $474,048 $3,524 6.69%
    44% 20 $6,850,000 $342,500 $5,722 6.89%
    43% 19 $7,645,000 $402,368 $4,606 6.47%
    49% 18 $7,820,000 $434,444 $4,531 6.60%
    41% 16 $6,500,000 $406,250 $5,883 6.63%
    48% 16 $6,290,000 $393,125 $4,566 6.38%
    42% 15 $5,785,000 $385,667 $4,620 6.43%
    47% 14 $4,470,000 $319,286 $5,104 6.53%
    40% 13 $4,515,000 $347,308 $3,962 6.77%
    38% 12 $4,770,000 $397,500 $4,927 6.42%
    37% 11 $3,335,000 $303,182 $5,028 6.36%
    36% 11 $5,315,000 $483,182 $4,757 6.73%
    45% 10 $4,870,000 $487,000 $4,860 6.38%
    50-60% 7 $2,075,000 $296,429 $11,002 6.30%
    46% 7 $2,675,000 $382,143 $5,764 6.66%
    >60% 2 $860,000 $430,000 $3,580 5.56%

    Federated Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 90 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 145 $72,055,000 $496,931 $3,173 6.49%
    White 216 $62,430,000 $289,028 $5,782 6.59%
    Not provided 17 $6,155,000 $362,059 $4,843 6.81%
    Asian Indian 4 $2,140,000 $535,000 $4,707 6.22%
    Black 9 $1,915,000 $212,778 $7,012 6.44%
    Other Asian 3 $1,705,000 $568,333 $2,373 6.29%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 394 $146,400,000 $371,574

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    394 $146,400,000 $371,574

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $1,165,000 $233,000 $3,590 6.44%
    40-60% 24 $10,330,000 $430,417 $3,379 6.58%
    60-80% 158 $61,470,000 $389,051 $4,054 6.61%
    80-100% 202 $72,060,000 $356,733 $5,358 6.53%
    Over 100% 4 $1,310,000 $327,500 $13,339 5.84%
    Under 20% 1 $65,000 $65,000 $3,994 6.49%