Federated Mortgage Corp. Rates, Fees & Info
PITTSBURGH, PALEI: 5493009RSCJ6Y7LUWJ31
Tax ID: 75-3036920
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Mortgage Data
Review & Overview
Federated Mortgage Corp. is a smaller mortgage company specializing in loans. Federated Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsburgh, Washington, Los Angeles, Baltimore, and New York among others. We have data for 56 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. They have a below average pick rate when compared to similar lenders. Federated Mortgage Corp. is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.57% | 3/31/23 |
| 30 Year Conventional Refi | 6.50% | 3/31/23 |
| 30 Year Cash-out Refi | 6.52% | 3/31/23 |
| 30 Year FHA Purchase | 7.30% | 3/31/23 |
| 30 Year FHA Refi | 7.28% | 3/31/23 |
| 30 Year VA Purchase | 6.28% | 3/31/23 |
| 30 Year VA Refi | 6.00% | 3/31/23 |
| 30 Year USDA Purchase | 7.20% | 3/31/23 |
| 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. | ||
Originations
444Origination Dollar Volume (All Markets)
$134,020,000Relative Rate
Federated Mortgage Corp.'s average 30 year fixed mortgage rate was
4.69%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.07%.
Relative Fees (Closing Costs)
Federated Mortgage Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $5,431.
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 $4,750.
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) | 238 | $56,960,000 | $239,328 | $5,873 | 4.96% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 24 | $12,790,000 | $532,917 | $3,498 | 3.94% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $4,635,000 | $662,143 | $6,613 | 4.57% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 10 | $4,560,000 | $456,000 | $4,518 | 4.16% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 10 | $4,330,000 | $433,000 | $4,916 | 3.91% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $3,165,000 | $351,667 | $5,155 | 4.51% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $3,075,000 | $279,545 | $4,750 | 3.83% |
| RICHMOND, VA (FHA|USDA|VA) | 11 | $3,035,000 | $275,909 | $4,452 | 4.27% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $2,570,000 | $642,500 | $5,478 | 3.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $2,475,000 | $353,571 | $4,078 | 4.02% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $2,355,000 | $261,667 | $3,694 | 3.68% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 8 | $1,850,000 | $231,250 | $7,467 | 5.03% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,830,000 | $457,500 | $6,252 | 3.66% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,830,000 | $457,500 | $4,032 | 5.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $1,765,000 | $252,143 | $3,307 | 3.34% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,640,000 | $820,000 | $6,316 | 6.06% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $2,927 | 4.97% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $5,428 | 4.32% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $4,675 | 4.46% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $7,917 | 3.37% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $5,104 | 3.87% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $8,725 | 4.56% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $5,495 | 3.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $3,167 | 4.43% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $6,714 | 5.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $5,979 | 6.56% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $3,081 | 4.12% |
| Outside of Metro Areas | 3 | $805,000 | $268,333 | $5,677 | 5.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $16,051 | 5.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $8,386 | 4.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,399 | 3.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,090 | 3.62% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,515 | 6.06% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,300 | 4.81% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,992 | 5.50% |
| AKRON, OH (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,298 | 6.25% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $2,981 | 5.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,011 | 4.50% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,958 | 6.50% |
| New Castle, PA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $8,122 | 5.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,111 | 3.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,385 | 3.49% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,894 | 7.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,262 | 5.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,910 | 4.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,343 | 3.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,653 | 5.12% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,396 | 5.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,049 | 3.50% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,477 | 4.87% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,076 | 5.25% |
| DuBois, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,955 | 2.50% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,446 | 5.25% |
| Salem, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,207 | 6.50% |
| Indiana, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,137 | 5.13% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,940 | 7.13% |
Product Mix
For 2022, Federated Mortgage Corp.'s most frequently originated type of loan was Conventional, with 371 originations. Their 2nd most popular type was FHA, with 45 originations.
Loan Reason
For 2022, Federated Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 381 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 444 | $134,020,000 | $301,847 | $5,431 | 4.69% |
For 2022, Federated Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 444 originations.
Origination Fees/Closing Costs
Federated Mortgage Corp.'s average total fees were $5,431, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 278 originations.
Interest Rates
During 2022, Federated Mortgage Corp.'s average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 5-6%, with 131 originations.
Loan Sizing
2022 saw Federated Mortgage Corp. place emphasis on $200k-400k loans with 198 originations, totaling $56,500,000 in origination value.
Applicant Income
Federated Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 128 originations. The second most popular income band? $150k-250k, with 111 originations.
Applicant Debt to Income Ratio
Federated Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 101 originations. The next most common DTI ratio? 30-36%, with 77 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.25%
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 origination73.65%
Federated Mortgage Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 444 | $134,020,000 | $301,847 |