Fidelity Direct Mortgage Rates, Fees & Info

CLARKSVILLE, MD

LEI: 549300BKWR5OM8PWIN62

Tax ID: 11-3748478

1 stars - Updated: 12/10/23 - out of 5 stars, based on 25 reviews

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

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Mortgage Data

Review & Overview

Fidelity Direct Mortgage is a smaller mortgage company specializing in Home Purchase loans. Fidelity Direct Mortgage 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: Washington, Baltimore, Virginia Beach, Philadelphia, and Naples among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fidelity Direct Mortgage has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Fidelity Direct Mortgage is typically a high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.80% 12/10/23
30 Year Conventional Refi 6.73% 12/10/23
30 Year FHA Purchase 7.48% 12/10/23
30 Year FHA Refi 7.18% 12/10/23
30 Year VA Purchase 6.42% 12/10/23
30 Year VA Refi 5.98% 12/10/23
30 Year USDA Purchase 7.06% 12/10/23
15 Year Conventional Purchase 5.79% 12/10/23
15 Year Conventional Refi 6.03% 12/10/23
15 Year Cash-out Refi 6.03% 12/10/23
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 Direct Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Fidelity Direct Mortgage. 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

648

Origination Dollar Volume (All Markets)

$228,960,000

Awards

FIDELITY DIRECT MORTGAGE 30 Year Conventional Loans silver
Show all (1) awards

Relative Rate

Fidelity Direct Mortgage's average 30 year fixed mortgage rate was 5.06%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.3%.

Relative Fees (Closing Costs)

Fidelity Direct Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $10,401.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 239 $97,895,000 $409,603 $11,116 4.80%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 224 $69,260,000 $309,196 $9,922 5.08%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 44 $13,720,000 $311,818 $9,202 4.59%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 21 $6,985,000 $332,619 $9,564 5.52%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 8 $4,920,000 $615,000 $11,664 5.62%
RICHMOND, VA (FHA|USDA|VA) 14 $3,400,000 $242,857 $7,714 5.58%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 8 $2,930,000 $366,250 $9,929 4.81%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $2,485,000 $355,000 $7,170 5.55%
Outside of Metro Areas 9 $2,465,000 $273,889 $8,385 4.88%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 8 $2,310,000 $288,750 $11,474 5.25%
YORK-HANOVER, PA (FHA|USDA|VA) 7 $2,155,000 $307,857 $10,383 4.68%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $2,120,000 $530,000 $12,463 4.40%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $2,050,000 $341,667 $10,411 5.42%
SALISBURY, MD-DE (FHA|USDA|VA) 6 $2,030,000 $338,333 $9,020 4.98%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 4 $1,480,000 $370,000 $9,387 5.00%
Key West, FL (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $37,010 8.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,270,000 $635,000 $9,004 4.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,020,000 $510,000 $12,658 6.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $890,000 $222,500 $7,988 7.28%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $865,000 $288,333 $6,827 4.83%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $800,000 $400,000 $7,830 4.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 2 $720,000 $360,000 $13,163 5.44%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $660,000 $330,000 $6,722 4.50%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $570,000 $285,000 $8,082 4.31%
OCALA, FL (FHA|USDA|VA) 2 $530,000 $265,000 $13,721 4.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $530,000 $265,000 $4,054 6.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $480,000 $240,000 $4,516 4.18%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $435,000 $435,000 $16,353 5.25%
DOVER, DE (FHA|USDA|VA) 2 $420,000 $210,000 $8,117 5.81%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $325,000 $325,000 $5,924 5.88%
LYNCHBURG, VA (FHA|USDA|VA) 1 $275,000 $275,000 $11,253 2.75%
LANCASTER, PA (FHA|USDA|VA) 1 $275,000 $275,000 $15,142 6.50%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $275,000 $275,000 $13,423 8.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $12,025 3.75%
READING, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,617 5.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,844 6.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $195,000 $195,000 $7,953 6.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,601 3.50%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $125,000 $125,000 $6,544 3.88%
Fidelity Direct Mortgage's top markets include Washington, Baltimore, Virginia Beach, Philadelphia, and Naples among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Similar Lenders

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

    Sail Mortgage Corp.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 409 $141,805,000 $346,711 $7,875 5.02%
    FHA 191 $63,735,000 $333,691 $13,855 5.05%
    VA 44 $22,420,000 $509,545 $16,456 4.57%
    USDA 4 $1,000,000 $250,000 $8,037 3.97%

    For 2022, Fidelity Direct Mortgage's most frequently originated type of loan was Conventional, with 409 originations. Their 2nd most popular type was FHA, with 191 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 516 $185,570,000 $359,632 $10,702 5.18%
    Refi 132 $43,390,000 $328,712 $8,408 4.27%

    For 2022, Fidelity Direct Mortgage's most frequently cited loan purpose was Home Purchase, with 516 originations. The 2nd most popular reason was Refi, with 132 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 624 $222,060,000 $355,865 $10,401 5.06%
    15 Year 16 $4,640,000 $290,000 $5,644 3.09%
    20 Year 7 $1,985,000 $283,571 $6,091 3.75%
    Other 1 $275,000 $275,000 $8,092 3.00%

    For 2022, Fidelity Direct Mortgage's most frequently cited loan duration was 30 Year, with 624 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 261 $112,415,000 $430,709
    $1k-2k 169 $54,535,000 $322,692
    $4k-5k 74 $22,330,000 $301,757
    $3k-4k 72 $20,000,000 $277,778
    $2k-3k 58 $16,120,000 $277,931
    $<1k 12 $2,990,000 $249,167

    Fidelity Direct Mortgage's average total fees were $10,401, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 261 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 206 $70,360,000 $341,553
    3-4% 147 $50,495,000 $343,503
    4-5% 145 $50,805,000 $350,379
    6-7% 82 $32,140,000 $391,951
    2.5-3% 31 $11,645,000 $375,645
    7-8% 25 $9,045,000 $361,800
    Over 8% 9 $3,775,000 $419,444
    <2.5% 3 $695,000 $231,667

    During 2022, Fidelity Direct Mortgage's average interest rate for loans was 5.06%, while their most frequently originated rate bucket for loans was 5-6%, with 206 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 357 $107,755,000 $301,835 $9,278 4.99%
    $400k-600k 139 $66,225,000 $476,439 $12,709 4.96%
    $100k-200k 93 $14,815,000 $159,301 $6,273 4.99%
    $600k-1MM 48 $33,610,000 $700,208 $16,170 4.87%
    $100,000 or less 8 $610,000 $76,250 $4,670 5.66%
    $1MM+ 3 $5,945,000 $1,981,667 $50,816 7.13%

    2022 saw Fidelity Direct Mortgage place emphasis on $200k-400k loans with 357 originations, totaling $107,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 166 $44,070,000 $265,482 $8,497 4.77%
    $100k-150k 161 $64,065,000 $397,919 $11,536 5.01%
    $75k-100k 140 $47,310,000 $337,929 $10,065 5.00%
    $150k-250k 84 $40,750,000 $485,119 $11,329 4.97%
    $50k or less 61 $12,385,000 $203,033 $8,229 5.11%
    $250k+ 34 $19,830,000 $583,235 $14,156 5.62%

    Fidelity Direct Mortgage lent most frequently to those with incomes in the $50k-75k range, with 166 originations. The second most popular income band? $100k-150k, with 161 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 84 $31,560,000 $375,714 $14,837 4.87%
    30-36% 76 $25,920,000 $341,053 $8,130 4.97%
    20-30% 62 $21,400,000 $345,161 $7,974 4.91%
    42% 41 $14,405,000 $351,341 $9,464 4.69%
    44% 39 $13,385,000 $343,205 $9,972 4.79%
    49% 37 $12,675,000 $342,568 $10,915 5.34%
    39% 37 $12,855,000 $347,432 $8,890 4.60%
    48% 34 $13,320,000 $391,765 $11,965 4.89%
    43% 33 $11,465,000 $347,424 $9,322 5.17%
    46% 32 $11,720,000 $366,250 $10,371 4.77%
    45% 27 $10,155,000 $376,111 $9,608 5.00%
    38% 24 $7,780,000 $324,167 $9,469 5.20%
    47% 24 $7,260,000 $302,500 $9,819 5.11%
    41% 21 $7,205,000 $343,095 $9,691 5.21%
    40% 19 $6,725,000 $353,947 $8,660 5.37%
    37% 16 $6,470,000 $404,375 $9,151 4.36%
    36% 16 $4,530,000 $283,125 $7,632 4.72%
    <20% 9 $4,385,000 $487,222 $11,893 5.97%
    >60% 3 $1,215,000 $405,000 $27,904 6.71%

    Fidelity Direct Mortgage lent most frequently to those with DTI ratios of 50-60%, with 84 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Black 248 $84,040,000 $338,871 $11,609 4.98%
    White 216 $75,290,000 $348,565 $9,591 5.02%
    Asian 160 $61,220,000 $382,625 $8,607 4.91%
    Not provided 15 $4,825,000 $321,667 $12,273 5.94%
    American Indian 7 $2,925,000 $417,857 $13,721 4.55%
    Native Hawaiian or Islander 2 $660,000 $330,000 $11,003 5.69%

    Approval Rates

    Total approvals of all applications
    89.73%

    Fidelity Direct Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.72%

    Fidelity Direct Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 648 $228,960,000 $353,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    648 $228,960,000 $353,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,385,000 $197,857 $4,761 4.57%
    40-60% 37 $12,075,000 $326,351 $7,229 4.04%
    60-80% 168 $56,180,000 $334,405 $8,789 5.05%
    80-100% 420 $152,700,000 $363,571 $10,877 5.06%
    Over 100% 15 $6,605,000 $440,333 $18,721 4.95%
    Under 20% 1 $15,000 $15,000 $250 5.00%