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 12 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% 12/5/24
    30 Year Conventional Refi 6.51% 12/5/24
    30 Year Cash-out Refi 6.96% 12/5/24
    30 Year FHA Purchase 7.40% 12/5/24
    30 Year FHA Refi 6.85% 12/5/24
    30 Year VA Purchase 6.32% 12/5/24
    30 Year VA Refi 6.01% 12/5/24
    30 Year USDA Purchase 7.03% 12/5/24
    15 Year Conventional Purchase 6.28% 12/5/24
    15 Year Conventional Refi 6.24% 12/5/24
    15 Year Cash-out Refi 6.24% 12/5/24
    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

    521

    Origination Dollar Volume (All Markets)

    $121,115,000
    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) 239 $55,975,000 $234,205 $4,797 4.37%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 126 $31,100,000 $246,825 $4,454 4.37%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 60 $15,470,000 $257,833 $4,539 4.39%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 58 $10,230,000 $176,379 $3,916 4.56%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $4,370,000 $242,778 $3,168 4.53%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 9 $1,705,000 $189,444 $6,056 4.65%
    OCALA, FL (FHA|USDA|VA) 5 $715,000 $143,000 $3,289 4.83%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $540,000 $270,000 $6,597 4.06%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $455,000 $455,000 $3,618 3.63%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $225,000 $225,000 $8,646 4.13%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,153 4.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,475 4.63%
    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.

    POWER FINANCIAL
    Similarity Rank: 188
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 225
    McCoy Federal Credit Union
    Similarity Rank: 342
    We Florida Financial
    Similarity Rank: 572
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 755
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 940
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1056
    Citizens First Bank
    Similarity Rank: 1072
    SAN ANTONIO CITIZENS
    Similarity Rank: 1105
    BANKING MORTGAGE SERVICES, B.M.S. CORP.
    Similarity Rank: 1230

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 341 $82,405,000 $241,657 $3,690 4.49%
    FHA 141 $29,195,000 $207,057 $6,479 4.26%
    VA 27 $6,935,000 $256,852 $5,202 4.19%
    USDA 12 $2,580,000 $215,000 $4,559 4.27%

    For 2019, Fidelity Funding Mortgage Corp.'s most frequently originated type of loan was Conventional, with 341 originations. Their 2nd most popular type was FHA, with 141 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 428 $98,910,000 $231,098 $4,537 4.42%
    Cash Out Refi 50 $11,580,000 $231,600 $4,613 4.56%
    Refi 43 $10,625,000 $247,093 $4,525 4.08%

    For 2019, Fidelity Funding Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 428 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 510 $119,230,000 $233,784 $4,565 4.42%
    15 Year 9 $1,695,000 $188,333 $3,544 3.82%
    10 Year 1 $115,000 $115,000 $3,396 4.25%
    20 Year 1 $75,000 $75,000 $3,730 4.88%

    For 2019, Fidelity Funding Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 510 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 244 $55,160,000 $226,066
    $<1k 218 $50,730,000 $232,706
    $2k-3k 25 $6,085,000 $243,400
    $3k-4k 19 $4,125,000 $217,105
    $4k-5k 11 $2,945,000 $267,727
    $5k+ 4 $2,070,000 $517,500

    Fidelity Funding Mortgage Corp.'s average total fees were $4,565, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 244 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 313 $72,655,000 $232,125
    3-4% 148 $36,570,000 $247,095
    5-6% 53 $10,605,000 $200,094
    6-7% 5 $965,000 $193,000
    2.5-3% 1 $145,000 $145,000
    7-8% 1 $175,000 $175,000

    During 2019, Fidelity Funding Mortgage Corp.'s average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 313 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 233 $62,315,000 $267,446 $5,238 4.32%
    $100k-200k 220 $34,440,000 $156,545 $3,900 4.48%
    $400k-600k 39 $17,755,000 $455,256 $4,606 4.30%
    $100,000 or less 23 $1,775,000 $77,174 $2,892 4.79%
    $600k-1MM 4 $2,680,000 $670,000 $5,124 4.44%
    $1MM+ 2 $2,150,000 $1,075,000 $11,062 4.63%

    2019 saw Fidelity Funding Mortgage Corp. place emphasis on $200k-400k loans with 233 originations, totaling $62,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 164 $33,650,000 $205,183 $4,867 4.33%
    $50k or less 141 $21,665,000 $153,652 $3,927 4.43%
    $75k-100k 79 $19,835,000 $251,076 $4,839 4.35%
    $100k-150k 78 $23,150,000 $296,795 $4,781 4.48%
    $150k-250k 43 $15,085,000 $350,814 $4,188 4.56%
    $250k+ 16 $7,730,000 $483,125 $5,003 4.45%

    Fidelity Funding Mortgage Corp. lent most frequently to those with incomes in the $50k-75k range, with 164 originations. The second most popular income band? $50k or less, with 141 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 91 $21,165,000 $232,582 $4,538 4.34%
    20-30% 61 $15,985,000 $262,049 $4,287 4.42%
    44% 35 $8,055,000 $230,143 $3,979 4.51%
    50-60% 30 $7,000,000 $233,333 $6,616 4.25%
    48% 28 $6,290,000 $224,643 $5,048 4.39%
    41% 28 $6,780,000 $242,143 $4,396 4.29%
    40% 27 $5,995,000 $222,037 $4,006 4.41%
    42% 27 $6,295,000 $233,148 $4,657 4.45%
    49% 27 $6,095,000 $225,741 $4,415 4.54%
    39% 23 $4,705,000 $204,565 $3,683 4.50%
    43% 22 $4,010,000 $182,273 $3,983 4.45%
    46% 21 $4,695,000 $223,571 $4,339 4.47%
    45% 20 $4,320,000 $216,000 $5,033 4.23%
    <20% 17 $5,285,000 $310,882 $3,462 4.59%
    47% 17 $3,685,000 $216,765 $5,353 4.26%
    37% 16 $4,010,000 $250,625 $5,157 4.63%
    36% 16 $3,100,000 $193,750 $4,368 4.36%
    38% 11 $2,445,000 $222,273 $4,788 4.68%
    >60% 2 $480,000 $240,000 $4,731 4.44%

    Fidelity Funding Mortgage Corp. lent most frequently to those with DTI ratios of 30-36%, with 91 originations. The next most common DTI ratio? 20-30%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 446 $104,830,000 $235,045 $4,444 4.42%
    Black 49 $9,395,000 $191,735 $5,317 4.35%
    Not provided 11 $3,645,000 $331,364 $4,573 4.34%
    Asian 12 $2,660,000 $221,667 $5,119 4.34%
    Native Hawaiian or Islander 2 $360,000 $180,000 $4,206 4.00%
    American Indian 1 $225,000 $225,000 $4,367 3.50%

    Approval Rates

    Total approvals of all applications
    97.13%

    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
    70.06%

    Fidelity Funding Mortgage Corp. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 521 $121,115,000 $232,466

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 521 $121,115,000 $232,466

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,965,000 $218,333 $3,914 4.43%
    40-60% 35 $7,275,000 $207,857 $3,616 4.27%
    60-80% 129 $30,225,000 $234,302 $3,992 4.60%
    80-100% 343 $80,625,000 $235,058 $4,853 4.35%
    Over 100% 3 $895,000 $298,333 $6,473 4.00%
    Under 20% 2 $130,000 $65,000 $3,182 4.63%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Fidelity Direct Mortgage, LLC FHA mortgage Trouble during payment process 1 100.0%