Fidelity Funding Mortgage Corp. Rates, Fees & Info

Lake Mary, FL

LEI: 5493009UERHLQ7BG5D32

Tax ID: 59-3225526

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Fidelity Funding Mortgage Corp. is a smaller mortgage company specializing in Home Purchase loans. Fidelity Funding 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: Orlando, Port St. Lucie, Miami, Deltona, and Tampa among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fidelity Funding 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. Fidelity Funding 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.15% 12/4/24
    30 Year Conventional Refi 6.51% 12/4/24
    30 Year Cash-out Refi 6.96% 12/4/24
    30 Year FHA Purchase 7.40% 12/4/24
    30 Year FHA Refi 6.85% 12/4/24
    30 Year VA Purchase 6.32% 12/4/24
    30 Year VA Refi 6.01% 12/4/24
    30 Year USDA Purchase 7.03% 12/4/24
    15 Year Conventional Purchase 6.28% 12/4/24
    15 Year Conventional Refi 6.24% 12/4/24
    15 Year Cash-out Refi 6.24% 12/4/24
    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.

    Fidelity Funding Mortgage Corp. Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Fidelity Funding 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

    475

    Origination Dollar Volume (All Markets)

    $106,535,000
    Show all (8) awards

    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
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 199 $44,135,000 $221,784 $4,688 5.04%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 130 $32,520,000 $250,154 $4,751 4.99%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 47 $12,645,000 $269,043 $5,712 4.97%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 56 $9,520,000 $170,000 $4,305 5.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 13 $2,415,000 $185,769 $4,182 5.05%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $1,330,000 $166,250 $3,760 5.28%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $670,000 $335,000 $4,451 5.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $650,000 $162,500 $2,961 5.47%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $615,000 $205,000 $2,733 5.04%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $565,000 $188,333 $3,759 5.08%
    THE VILLAGES, FL (FHA|USDA|VA) 3 $365,000 $121,667 $4,352 5.29%
    Okeechobee, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,864 5.19%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $330,000 $165,000 $2,983 5.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $300,000 $150,000 $3,933 4.50%
    OCALA, FL (FHA|USDA|VA) 1 $125,000 $125,000 $940 5.25%
    Fidelity Funding Mortgage Corp.'s top markets include Orlando, Port St. Lucie, Miami, Deltona, and Tampa among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    McCoy Federal Credit Union
    Similarity Rank: 60
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 192
    We Florida Financial
    Similarity Rank: 312
    Natbank
    Similarity Rank: 392
    POWER FINANCIAL
    Similarity Rank: 432
    SAN ANTONIO CITIZENS
    Similarity Rank: 531
    Suncoast Credit Union
    Similarity Rank: 638
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 836
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 912
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 272 $65,100,000 $239,338 $3,638 5.12%
    FHA 145 $27,945,000 $192,724 $5,973 4.95%
    VA 47 $11,345,000 $241,383 $6,614 4.88%
    USDA 11 $2,145,000 $195,000 $4,885 4.84%

    For 2018, Fidelity Funding Mortgage Corp.'s most frequently originated type of loan was Conventional, with 272 originations. Their 2nd most popular type was FHA, with 145 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 416 $93,550,000 $224,880 $4,641 5.04%
    Cash Out Refi 36 $7,560,000 $210,000 $4,980 5.02%
    Refi 23 $5,425,000 $235,870 $4,797 5.03%

    For 2018, Fidelity Funding Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 416 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 468 $105,580,000 $225,598 $4,703 5.03%
    20 Year 3 $405,000 $135,000 $1,657 6.50%
    15 Year 2 $280,000 $140,000 $3,487 4.31%
    10 Year 1 $105,000 $105,000 $3,272 4.25%
    Other 1 $165,000 $165,000 $3,914 4.88%

    For 2018, Fidelity Funding Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 468 originations. The 2nd most popular length was 20 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 229 $53,005,000 $231,463
    $1k-2k 187 $38,485,000 $205,802
    $2k-3k 34 $7,180,000 $211,176
    $3k-4k 13 $3,785,000 $291,154
    $4k-5k 7 $1,965,000 $280,714
    $5k+ 5 $2,115,000 $423,000

    Fidelity Funding Mortgage Corp.'s average total fees were $4,703, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 229 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 262 $63,240,000 $241,374
    5-6% 196 $40,210,000 $205,153
    3-4% 7 $1,955,000 $279,286
    6-7% 7 $695,000 $99,286
    7-8% 2 $170,000 $85,000
    Over 8% 1 $265,000 $265,000

    During 2018, Fidelity Funding Mortgage Corp.'s average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 4-5%, with 262 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 213 $33,525,000 $157,394 $4,188 5.06%
    $200k-400k 199 $52,575,000 $264,196 $5,084 4.95%
    $100,000 or less 29 $2,355,000 $81,207 $3,124 5.55%
    $400k-600k 29 $12,905,000 $445,000 $6,452 4.97%
    $600k-1MM 4 $2,970,000 $742,500 $9,380 4.97%
    $1MM+ 1 $2,205,000 $2,205,000 $1,200 4.38%

    2018 saw Fidelity Funding Mortgage Corp. place emphasis on $100k-200k loans with 213 originations, totaling $33,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 146 $28,680,000 $196,438 $4,945 4.99%
    $50k or less 121 $18,705,000 $154,587 $4,255 5.07%
    $100k-150k 88 $22,430,000 $254,886 $4,308 5.05%
    $75k-100k 69 $16,645,000 $241,232 $4,808 4.97%
    $150k-250k 36 $12,850,000 $356,944 $5,405 5.21%
    $250k+ 15 $7,225,000 $481,667 $5,193 5.09%

    Fidelity Funding Mortgage Corp. lent most frequently to those with incomes in the $50k-75k range, with 146 originations. The second most popular income band? $50k or less, with 121 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 61 $13,355,000 $218,934 $4,720 5.10%
    50-60% 57 $12,235,000 $214,649 $6,839 4.93%
    20-30% 54 $12,030,000 $222,778 $4,108 4.83%
    47% 33 $6,775,000 $205,303 $4,079 5.04%
    49% 33 $8,345,000 $252,879 $4,924 4.97%
    38% 25 $7,825,000 $313,000 $4,458 5.05%
    43% 22 $4,580,000 $208,182 $3,788 4.98%
    41% 21 $4,085,000 $194,524 $4,052 5.20%
    46% 21 $4,285,000 $204,048 $4,148 5.13%
    44% 21 $4,245,000 $202,143 $4,357 4.96%
    39% 18 $4,070,000 $226,111 $4,116 5.26%
    <20% 17 $3,675,000 $216,176 $4,179 5.40%
    42% 17 $3,515,000 $206,765 $4,427 5.02%
    45% 17 $3,585,000 $210,882 $4,468 5.11%
    48% 17 $3,815,000 $224,412 $4,772 5.06%
    40% 15 $4,025,000 $268,333 $5,179 5.06%
    36% 14 $3,520,000 $251,429 $4,188 5.07%
    37% 9 $1,605,000 $178,333 $4,050 5.04%
    >60% 3 $965,000 $321,667 $4,924 5.13%

    Fidelity Funding Mortgage Corp. lent most frequently to those with DTI ratios of 30-36%, with 61 originations. The next most common DTI ratio? 50-60%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 424 $95,290,000 $224,741 $4,594 5.05%
    Black 32 $5,930,000 $185,313 $5,364 4.91%
    Asian 12 $3,260,000 $271,667 $5,130 5.03%
    Not provided 4 $1,390,000 $347,500 $6,417 4.88%
    American Indian 3 $665,000 $221,667 $4,533 4.96%

    Approval Rates

    Total approvals of all applications
    95.71%

    Fidelity Funding 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
    63.79%

    Fidelity Funding Mortgage Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 475 $106,535,000 $224,284

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 475 $106,535,000 $224,284

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,325,000 $147,222 $3,783 4.93%
    40-60% 16 $2,380,000 $148,750 $3,715 5.02%
    60-80% 115 $27,145,000 $236,043 $4,061 5.09%
    80-100% 320 $72,360,000 $226,125 $4,811 5.01%
    Over 100% 13 $3,155,000 $242,692 $9,027 4.88%
    Under 20% 2 $170,000 $85,000 $1,444 7.31%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Fidelity Direct Mortgage, LLC Conventional home mortgage Closing on a mortgage 1 100.0%