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, Naples, and Philadelphia among others. We have data for 49 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 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.
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 | 7.11% | 4/16/25 |
| 30 Year Conventional Refi | 7.27% | 4/16/25 |
| 30 Year FHA Purchase | 7.52% | 4/16/25 |
| 30 Year FHA Refi | 7.16% | 4/16/25 |
| 30 Year VA Purchase | 6.65% | 4/16/25 |
| 30 Year VA Refi | 6.95% | 4/16/25 |
| 30 Year USDA Purchase | 7.14% | 4/16/25 |
| 15 Year Conventional Purchase | 5.91% | 4/16/25 |
| 15 Year Conventional Refi | 5.70% | 4/16/25 |
| 15 Year Cash-out Refi | 5.70% | 4/16/25 |
| 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
786Origination Dollar Volume (All Markets)
$294,800,000Relative Rate
Fidelity Direct Mortgage's average 30 year fixed mortgage rate was
6.84%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.29%.
Relative Fees (Closing Costs)
Fidelity Direct Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,659.
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 $8,356.
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) | 347 | $149,435,000 | $430,648 | $11,105 | 6.81% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 202 | $66,370,000 | $328,564 | $10,351 | 6.90% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 51 | $12,855,000 | $252,059 | $9,482 | 6.62% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 20 | $9,680,000 | $484,000 | $10,571 | 6.76% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 19 | $7,015,000 | $369,211 | $11,182 | 6.99% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $4,495,000 | $899,000 | $19,373 | 7.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 9 | $4,405,000 | $489,444 | $9,455 | 7.22% |
| Outside of Metro Areas | 13 | $3,775,000 | $290,385 | $13,632 | 6.71% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 14 | $3,590,000 | $256,429 | $9,426 | 6.81% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $3,075,000 | $341,667 | $14,060 | 7.01% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $2,740,000 | $456,667 | $12,038 | 6.39% |
| LYNCHBURG, VA (FHA|USDA|VA) | 10 | $2,710,000 | $271,000 | $6,975 | 7.07% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $8,570 | 7.45% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $2,055,000 | $293,571 | $8,629 | 6.70% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 6 | $1,980,000 | $330,000 | $10,151 | 6.62% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $1,480,000 | $740,000 | $12,914 | 6.56% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $6,737 | 6.55% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $5,127 | 6.81% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $11,405 | 6.44% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $10,242 | 6.83% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $4,679 | 7.06% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $10,185 | 5.96% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $11,923 | 6.29% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $10,412 | 6.81% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $8,853 | 7.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $6,180 | 7.49% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $16,918 | 9.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,096 | 7.62% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $6,657 | 7.63% |
| Sanford, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $17,835 | 7.00% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $6,535 | 7.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,746 | 6.13% |
| Somerset, PA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $11,255 | 8.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,604 | 6.99% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $22,452 | 6.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,727 | 7.25% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,570 | 7.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,357 | 6.13% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,031 | 6.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,708 | 7.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,321 | 6.88% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,818 | 6.88% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,275 | 7.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,404 | 5.75% |
| READING, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,674 | 6.63% |
| Danville, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,109 | 7.25% |
| DOVER, DE (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,459 | 6.75% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,192 | 6.75% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.25% |
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Product Mix
For 2024, Fidelity Direct Mortgage's most frequently originated type of loan was Conventional, with 468 originations. Their 2nd most popular type was FHA, with 256 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 670 | $257,040,000 | $383,642 | $10,664 | 6.82% |
| Refi | 116 | $37,760,000 | $325,517 | $9,977 | 7.01% |
For 2024, Fidelity Direct Mortgage's most frequently cited loan purpose was Home Purchase, with 670 originations. The 2nd most popular reason was Refi, with 116 originations.
Loan Duration/Length
For 2024, Fidelity Direct Mortgage's most frequently cited loan duration was 30 Year, with 775 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
Fidelity Direct Mortgage's average total fees were $10,659, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 311 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 449 | $175,825,000 | $391,592 |
| 7-8% | 171 | $66,685,000 | $389,971 |
| 5-6% | 102 | $35,520,000 | $348,235 |
| Over 8% | 61 | $15,385,000 | $252,213 |
| 4-5% | 3 | $1,385,000 | $461,667 |
During 2024, Fidelity Direct Mortgage's average interest rate for loans was 6.84%, while their most frequently originated rate bucket for loans was 6-7%, with 449 originations.
Loan Sizing
2024 saw Fidelity Direct Mortgage place emphasis on $200k-400k loans with 367 originations, totaling $111,225,000 in origination value.
Applicant Income
Fidelity Direct Mortgage lent most frequently to those with incomes in the $100k-150k range, with 234 originations. The second most popular income band? $150k-250k, with 142 originations.
Applicant Debt to Income Ratio
Fidelity Direct Mortgage lent most frequently to those with DTI ratios of 50-60%, with 98 originations. The next most common DTI ratio? 30-36%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.82%
Fidelity Direct Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination83.97%
Fidelity Direct Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 786 | $294,800,000 | $375,064 |