Fidelity Funding Mortgage Corp. Rates, Fees & Info
Lake Mary, FLLEI: 5493009UERHLQ7BG5D32
Tax ID: 59-3225526
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Mortgage Data
Review & Overview
Fidelity Funding Mortgage Corp. is a smaller mortgage company specializing in Home Purchase and Refi 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, Tampa, and Deltona among others. We have data for 23 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.15% | 4/21/24 |
| 30 Year Conventional Refi | 6.51% | 4/21/24 |
| 30 Year Cash-out Refi | 6.96% | 4/21/24 |
| 30 Year FHA Purchase | 7.40% | 4/21/24 |
| 30 Year FHA Refi | 6.85% | 4/21/24 |
| 30 Year VA Purchase | 6.32% | 4/21/24 |
| 30 Year VA Refi | 6.01% | 4/21/24 |
| 30 Year USDA Purchase | 7.03% | 4/21/24 |
| 15 Year Conventional Purchase | 6.28% | 4/21/24 |
| 15 Year Conventional Refi | 6.24% | 4/21/24 |
| 15 Year Cash-out Refi | 6.24% | 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. | ||
Fidelity Funding 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
881Origination Dollar Volume (All Markets)
$232,005,000Awards
FIDELITY FUNDING MORTGAGE CORP. - 2020
FIDELITY FUNDING MORTGAGE CORP. is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 384 | $101,360,000 | $263,958 | $4,633 | 3.05% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 162 | $41,930,000 | $258,827 | $4,288 | 3.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 91 | $29,635,000 | $325,659 | $4,232 | 3.10% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 100 | $27,950,000 | $279,500 | $4,550 | 3.16% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 72 | $14,680,000 | $203,889 | $3,689 | 3.26% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $3,040,000 | $380,000 | $3,705 | 2.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $2,115,000 | $192,273 | $2,699 | 3.19% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 7 | $2,005,000 | $286,429 | $5,315 | 3.14% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 10 | $1,920,000 | $192,000 | $2,924 | 3.36% |
| GAINESVILLE, FL (FHA|USDA|VA) | 7 | $1,765,000 | $252,143 | $6,118 | 2.71% |
| OCALA, FL (FHA|USDA|VA) | 7 | $1,195,000 | $170,714 | $4,642 | 3.23% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $4,363 | 3.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $6,672 | 2.83% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $5,155 | 2.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,249 | 2.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,754 | 3.63% |
| Key West, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,611 | 3.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,391 | 3.19% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,218 | 3.25% |
| Palatka, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,729 | 3.25% |
| Lake City, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.63% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,536 | 3.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,190 | 3.63% |
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.
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Product Mix
For 2020, Fidelity Funding Mortgage Corp.'s most frequently originated type of loan was Conventional, with 675 originations. Their 2nd most popular type was FHA, with 142 originations.
Loan Reason
For 2020, Fidelity Funding Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 484 originations. The 2nd most popular reason was Refi, with 309 originations.
Loan Duration/Length
For 2020, Fidelity Funding Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 806 originations. The 2nd most popular length was 15 Year, with 57 originations.
Origination Fees/Closing Costs
Fidelity Funding Mortgage Corp.'s average total fees were $4,454, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 505 originations.
Interest Rates
During 2020, Fidelity Funding Mortgage Corp.'s average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 3-4%, with 373 originations.
Loan Sizing
2020 saw Fidelity Funding Mortgage Corp. place emphasis on $200k-400k loans with 497 originations, totaling $135,895,000 in origination value.
Applicant Income
Fidelity Funding Mortgage Corp. lent most frequently to those with incomes in the $50k-75k range, with 228 originations. The second most popular income band? $100k-150k, with 176 originations.
Applicant Debt to Income Ratio
Fidelity Funding Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 170 originations. The next most common DTI ratio? 30-36%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.90%
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 origination72.19%
Fidelity Funding Mortgage Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 881 | $232,005,000 | $263,343 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 881 | $232,005,000 | $263,343 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Fidelity National Financial, Inc | Conventional home mortgage | Closing on a mortgage | 8 | 53.3% |
| Fidelity National Financial, Inc | Conventional home mortgage | Incorrect information on your report | 1 | 6.7% |
| Fidelity National Financial, Inc | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 6.7% |
| Fidelity National Financial, Inc | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| Fidelity National Financial, Inc | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 2 | 13.3% |
| Fidelity National Financial, Inc | Other type of mortgage | Closing on a mortgage | 1 | 6.7% |
| Fidelity National Financial, Inc | VA mortgage | Closing on a mortgage | 1 | 6.7% |