Fidelity Direct Mortgage Rates, Fees & Info
CLARKSVILLE, MDLEI: 549300BKWR5OM8PWIN62
Tax ID: 11-3748478
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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 a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Baltimore, Virginia Beach, Cumberland, and Richmond among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)Fidelity Direct Mortgage 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 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 relatively high 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.73% | 12/16/24 |
| 30 Year FHA Purchase | 7.48% | 12/16/24 |
| 30 Year FHA Refi | 7.18% | 12/16/24 |
| 30 Year VA Purchase | 6.42% | 12/16/24 |
| 30 Year VA Refi | 5.98% | 12/16/24 |
| 30 Year USDA Purchase | 7.06% | 12/16/24 |
| 15 Year Conventional Purchase | 5.79% | 12/16/24 |
| 15 Year Conventional Refi | 6.03% | 12/16/24 |
| 15 Year Cash-out Refi | 6.03% | 12/16/24 |
| 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 Direct Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
624Origination Dollar Volume (All Markets)
$212,210,000Awards
FIDELITY DIRECT MORTGAGE - 2023
FIDELITY DIRECT MORTGAGE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Fidelity Direct Mortgage's average 30 year fixed mortgage rate was
7%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.52%.
Relative Fees (Closing Costs)
Fidelity Direct Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,355.
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 $9,089.
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) | 212 | $91,930,000 | $433,632 | $13,523 | 7.05% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 171 | $58,465,000 | $341,901 | $11,112 | 6.98% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 36 | $9,430,000 | $261,944 | $9,916 | 6.99% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 53 | $8,645,000 | $163,113 | $6,715 | 6.61% |
| RICHMOND, VA (FHA|USDA|VA) | 23 | $5,895,000 | $256,304 | $11,822 | 7.46% |
| Outside of Metro Areas | 21 | $4,135,000 | $196,905 | $8,753 | 7.02% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $3,840,000 | $384,000 | $9,895 | 6.58% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $3,220,000 | $402,500 | $8,918 | 7.11% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $12,181 | 6.64% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $2,155,000 | $431,000 | $13,069 | 8.68% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 8 | $2,060,000 | $257,500 | $8,212 | 6.03% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,860,000 | $465,000 | $13,632 | 6.91% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $10,284 | 6.82% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $7,470 | 7.04% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $16,357 | 7.56% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $5,953 | 6.71% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $9,311 | 6.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $12,486 | 7.12% |
| LYNCHBURG, VA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $8,100 | 6.47% |
| DOVER, DE (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $9,028 | 6.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $15,425 | 6.56% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $17,640 | 9.88% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $11,808 | 7.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $10,919 | 7.13% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,365 | 8.19% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $13,961 | 6.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,173 | 6.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,928 | 7.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,774 | 6.25% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $15,301 | 7.13% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,027 | 7.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,526 | 6.75% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,980 | 7.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,310 | 6.75% |
| Danville, VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,458 | 7.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,526 | 7.75% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,745 | 9.25% |
| Easton, MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,663 | 7.50% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,391 | 7.38% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,271 | 6.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,801 | 7.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,065 | 6.99% |
| Somerset, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,003 | 7.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,404 | 7.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,150 | 7.13% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,676 | 7.99% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,130 | 5.88% |
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Product Mix
For 2023, Fidelity Direct Mortgage's most frequently originated type of loan was Conventional, with 345 originations. Their 2nd most popular type was FHA, with 229 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 583 | $199,305,000 | $341,861 | $11,322 | 6.97% |
| Refi | 41 | $12,905,000 | $314,756 | $10,402 | 7.27% |
For 2023, Fidelity Direct Mortgage's most frequently cited loan purpose was Home Purchase, with 583 originations. The 2nd most popular reason was Refi, with 41 originations.
Loan Duration/Length
For 2023, Fidelity Direct Mortgage's most frequently cited loan duration was 30 Year, with 615 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Fidelity Direct Mortgage's average total fees were $11,355, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 292 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 322 | $110,540,000 | $343,292 |
| 7-8% | 179 | $60,515,000 | $338,073 |
| 5-6% | 62 | $19,920,000 | $321,290 |
| Over 8% | 60 | $21,030,000 | $350,500 |
| 4-5% | 1 | $205,000 | $205,000 |
During 2023, Fidelity Direct Mortgage's average interest rate for loans was 7.00%, while their most frequently originated rate bucket for loans was 6-7%, with 322 originations.
Loan Sizing
2023 saw Fidelity Direct Mortgage place emphasis on $200k-400k loans with 290 originations, totaling $85,570,000 in origination value.
Applicant Income
Fidelity Direct Mortgage lent most frequently to those with incomes in the $100k-150k range, with 148 originations. The second most popular income band? $50k-75k, with 133 originations.
Applicant Debt to Income Ratio
Fidelity Direct Mortgage lent most frequently to those with DTI ratios of 50-60%, with 103 originations. The next most common DTI ratio? 30-36%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.10%
Fidelity Direct Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination81.57%
Fidelity Direct Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 624 | $212,210,000 | $340,080 |