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 loans. Fidelity Funding Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA 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: Orlando, Port St. Lucie, Miami, Tampa, and Deltona among others. We have data for 20 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 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 | 7.15% | 10/13/24 |
| 30 Year Conventional Refi | 6.51% | 10/13/24 |
| 30 Year Cash-out Refi | 6.96% | 10/13/24 |
| 30 Year FHA Purchase | 7.40% | 10/13/24 |
| 30 Year FHA Refi | 6.85% | 10/13/24 |
| 30 Year VA Purchase | 6.32% | 10/13/24 |
| 30 Year VA Refi | 6.01% | 10/13/24 |
| 30 Year USDA Purchase | 7.03% | 10/13/24 |
| 15 Year Conventional Purchase | 6.28% | 10/13/24 |
| 15 Year Conventional Refi | 6.24% | 10/13/24 |
| 15 Year Cash-out Refi | 6.24% | 10/13/24 |
| 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
296Origination Dollar Volume (All Markets)
$106,220,000Top 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 |
|---|---|---|---|---|---|
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 86 | $31,350,000 | $364,535 | $7,614 | 5.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 91 | $29,415,000 | $323,242 | $7,979 | 5.02% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 27 | $15,395,000 | $570,185 | $8,526 | 4.51% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 31 | $12,495,000 | $403,065 | $9,665 | 5.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 32 | $9,120,000 | $285,000 | $7,117 | 5.14% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $10,250 | 5.55% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $9,033 | 6.59% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $13,098 | 4.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $11,700 | 4.69% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,010 | 4.04% |
| OCALA, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,793 | 5.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $6,010 | 3.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $9,252 | 6.06% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,317 | 7.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,321 | 3.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,091 | 6.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,769 | 5.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,441 | 6.63% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,492 | 4.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,581 | 3.50% |
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 2022, Fidelity Funding Mortgage Corp.'s most frequently originated type of loan was Conventional, with 230 originations. Their 2nd most popular type was FHA, with 37 originations.
Loan Reason
For 2022, Fidelity Funding Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 235 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.
Loan Duration/Length
For 2022, Fidelity Funding Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 282 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
Fidelity Funding Mortgage Corp.'s average total fees were $8,059, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 84 originations.
Interest Rates
During 2022, Fidelity Funding Mortgage Corp.'s average interest rate for loans was 5.10%, while their most frequently originated rate bucket for loans was 5-6%, with 83 originations.
Loan Sizing
2022 saw Fidelity Funding Mortgage Corp. place emphasis on $200k-400k loans with 146 originations, totaling $43,410,000 in origination value.
Applicant Income
Fidelity Funding Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $75k-100k, with 55 originations.
Applicant Debt to Income Ratio
Fidelity Funding Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 54 originations. The next most common DTI ratio? 30-36%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
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 origination51.35%
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 | 296 | $106,220,000 | $358,851 |