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 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 by origination volume include: Pittsburgh, Washington, Baltimore, Philadelphia, and New York among others. We have data for 64 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 an above average pick rate when compared to similar lenders.
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% | 4/21/24 |
| 30 Year Conventional Refi | 6.50% | 4/21/24 |
| 30 Year Cash-out Refi | 6.52% | 4/21/24 |
| 30 Year FHA Purchase | 7.30% | 4/21/24 |
| 30 Year FHA Refi | 7.28% | 4/21/24 |
| 30 Year VA Purchase | 6.28% | 4/21/24 |
| 30 Year VA Refi | 6.00% | 4/21/24 |
| 30 Year USDA Purchase | 7.20% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,275Origination Dollar Volume (All Markets)
$376,485,000Top 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) | 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% |
Similar Lenders
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Product Mix
For 2021, Federated Mortgage Corp.'s most frequently originated type of loan was Conventional, with 1,199 originations. Their 2nd most popular type was FHA, with 53 originations.
Loan Reason
For 2021, Federated Mortgage Corp.'s most frequently cited loan purpose was Refi, with 653 originations. The 2nd most popular reason was 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 2021, Federated Mortgage Corp.'s most frequently cited loan duration was Other, with 1,275 originations.
Origination Fees/Closing Costs
Federated Mortgage Corp.'s average total fees were $0, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 0.00%, while their most frequently originated rate bucket for loans was <2.5%, with 592 originations.
Loan Sizing
2021 saw Federated Mortgage Corp. place emphasis on $200k-400k loans with 634 originations, totaling $182,690,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.19%
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 origination93.73%
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 |