Fidelity Direct Mortgage Rates, Fees & Info

CLARKSVILLE, MD

LEI: 549300BKWR5OM8PWIN62

Tax ID: 11-3748478

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Fidelity Direct Mortgage is a smaller mortgage company specializing in Home Purchase and Refi 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, Hagerstown, Philadelphia, and Salisbury among others. We have data for 22 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 an 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 6.80% 11/17/24
    30 Year Conventional Refi 6.73% 11/17/24
    30 Year FHA Purchase 7.48% 11/17/24
    30 Year FHA Refi 7.18% 11/17/24
    30 Year VA Purchase 6.42% 11/17/24
    30 Year VA Refi 5.98% 11/17/24
    30 Year USDA Purchase 7.06% 11/17/24
    15 Year Conventional Purchase 5.79% 11/17/24
    15 Year Conventional Refi 6.03% 11/17/24
    15 Year Cash-out Refi 6.03% 11/17/24
    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






    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

    832

    Origination Dollar Volume (All Markets)

    $263,650,000

    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) 562 $193,380,000 $344,093 $8,391 4.34%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 184 $50,900,000 $276,630 $7,395 4.34%
    Outside of Metro Areas 17 $3,125,000 $183,824 $8,155 4.47%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 11 $2,725,000 $247,727 $6,001 4.33%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $2,325,000 $178,846 $8,146 6.06%
    SALISBURY, MD-DE (FHA|USDA|VA) 9 $2,205,000 $245,000 $6,330 4.46%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,250,000 $208,333 $9,706 4.65%
    WINCHESTER, VA-WV (FHA|USDA|VA) 5 $1,105,000 $221,000 $7,926 4.90%
    RICHMOND, VA (FHA|USDA|VA) 4 $870,000 $217,500 $4,920 4.16%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 3 $705,000 $235,000 $8,567 3.96%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $675,000 $225,000 $9,403 4.17%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $590,000 $295,000 $6,529 6.38%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $485,000 $485,000 $4,687 3.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,194 3.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,923 4.50%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $435,000 $145,000 $6,543 4.92%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $415,000 $415,000 $4,232 3.75%
    Easton, MD (FHA|USDA|VA) 2 $410,000 $205,000 $7,246 4.31%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $335,000 $335,000 $7,270 4.63%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $275,000 $275,000 $8,951 4.50%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $5,133 4.13%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $235,000 $235,000 $8,758 3.75%
    Fidelity Direct Mortgage's top markets include Washington, Baltimore, Hagerstown, Philadelphia, and Salisbury among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Florida (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.

    PATRIOT
    Similarity Rank: 96
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Prudential Bank
    Similarity Rank: 162
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 180
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 218
    POINT BREEZE
    Similarity Rank: 270
    Columbia Bank
    Similarity Rank: 440
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 444
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 528
    APL
    Similarity Rank: 605

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 434 $139,210,000 $320,760 $6,066 4.44%
    FHA 348 $105,740,000 $303,851 $10,553 4.33%
    VA 43 $17,015,000 $395,698 $8,261 4.17%
    USDA 7 $1,685,000 $240,714 $7,218 4.07%

    For 2019, Fidelity Direct Mortgage's most frequently originated type of loan was Conventional, with 434 originations. Their 2nd most popular type was FHA, with 348 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 553 $172,365,000 $311,691 $8,650 4.50%
    Refi 269 $88,205,000 $327,900 $6,849 4.10%
    Home Improvement 9 $2,855,000 $317,222 $9,023 4.57%
    Cash Out Refi 1 $225,000 $225,000 $7,723 4.25%

    For 2019, Fidelity Direct Mortgage's most frequently cited loan purpose was Home Purchase, with 553 originations. The 2nd most popular reason was Refi, with 269 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 777 $246,935,000 $317,806 $8,276 4.42%
    15 Year 33 $9,885,000 $299,545 $4,589 3.61%
    20 Year 11 $3,595,000 $326,818 $6,242 3.80%
    Other 8 $2,390,000 $298,750 $5,211 3.99%
    3 Year 3 $845,000 $281,667 $7,789 3.88%

    For 2019, Fidelity Direct Mortgage's most frequently cited loan duration was 30 Year, with 777 originations. The 2nd most popular length was 15 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 360 $118,700,000 $329,722
    $5k+ 136 $49,300,000 $362,500
    $2k-3k 115 $29,965,000 $260,565
    $3k-4k 85 $24,295,000 $285,824
    $<1k 73 $22,515,000 $308,425
    $4k-5k 62 $18,620,000 $300,323

    Fidelity Direct Mortgage's average total fees were $8,276, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 360 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 372 $116,750,000 $313,844
    3-4% 344 $113,670,000 $330,436
    5-6% 79 $23,395,000 $296,139
    7-8% 18 $5,600,000 $311,111
    6-7% 9 $1,745,000 $193,889
    Over 8% 6 $1,120,000 $186,667
    2.5-3% 4 $1,370,000 $342,500

    During 2019, Fidelity Direct Mortgage's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 372 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 497 $144,185,000 $290,111 $8,122 4.35%
    $400k-600k 162 $75,250,000 $464,506 $9,055 4.16%
    $100k-200k 130 $21,290,000 $163,769 $6,165 4.63%
    $600k-1MM 29 $19,265,000 $664,310 $11,413 4.18%
    $100,000 or less 12 $930,000 $77,500 $4,288 5.61%
    $1MM+ 2 $2,730,000 $1,365,000 $12,920 5.81%

    2019 saw Fidelity Direct Mortgage place emphasis on $200k-400k loans with 497 originations, totaling $144,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 244 $64,370,000 $263,811 $8,205 4.39%
    $100k-150k 182 $68,730,000 $377,637 $8,187 4.40%
    $75k-100k 156 $50,020,000 $320,641 $8,711 4.40%
    $50k or less 105 $22,865,000 $217,762 $7,009 4.56%
    $150k-250k 67 $27,845,000 $415,597 $7,680 4.14%
    $250k+ 23 $11,185,000 $486,304 $7,649 4.52%

    Fidelity Direct Mortgage lent most frequently to those with incomes in the $50k-75k range, with 244 originations. The second most popular income band? $100k-150k, with 182 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 141 $44,285,000 $314,078 $11,035 4.36%
    30-36% 95 $30,185,000 $317,737 $6,870 4.53%
    20-30% 83 $25,805,000 $310,904 $6,798 4.27%
    44% 42 $14,380,000 $342,381 $7,968 4.23%
    42% 39 $12,425,000 $318,590 $7,835 4.46%
    46% 37 $12,005,000 $324,459 $8,236 4.46%
    48% 35 $10,935,000 $312,429 $8,260 4.35%
    49% 35 $11,005,000 $314,429 $7,039 4.33%
    47% 33 $9,655,000 $292,576 $7,758 4.46%
    <20% 32 $10,260,000 $320,625 $6,907 4.12%
    41% 29 $9,115,000 $314,310 $6,288 4.29%
    43% 27 $8,325,000 $308,333 $8,165 4.48%
    45% 27 $8,035,000 $297,593 $8,026 4.52%
    39% 25 $6,875,000 $275,000 $5,879 4.57%
    36% 25 $8,195,000 $327,800 $7,510 4.37%
    38% 24 $7,670,000 $319,583 $8,721 4.21%
    40% 23 $7,035,000 $305,870 $7,686 4.71%
    37% 18 $6,710,000 $372,778 $7,706 4.29%
    >60% 2 $690,000 $345,000 $10,019 5.13%

    Fidelity Direct Mortgage lent most frequently to those with DTI ratios of 50-60%, with 141 originations. The next most common DTI ratio? 30-36%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 329 $94,915,000 $288,495 $7,768 4.55%
    Black 295 $93,635,000 $317,407 $9,178 4.37%
    Asian 190 $70,090,000 $368,895 $6,934 4.07%
    Not provided 15 $4,105,000 $273,667 $6,864 4.52%
    American Indian 3 $905,000 $301,667 $10,319 3.83%

    Approval Rates

    Total approvals of all applications
    81.28%

    Fidelity Direct Mortgage has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.38%

    Fidelity Direct Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 832 $263,650,000 $316,887

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 832 $263,650,000 $316,887

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $3,050,000 $217,857 $5,873 4.24%
    40-60% 32 $9,740,000 $304,375 $6,268 4.12%
    60-80% 188 $58,790,000 $312,713 $6,079 4.47%
    80-100% 577 $185,035,000 $320,685 $8,811 4.37%
    Over 100% 19 $6,825,000 $359,211 $10,261 4.09%
    Under 20% 2 $210,000 $105,000 $3,067 4.50%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Fidelity Direct Mortgage, LLC FHA mortgage Trouble during payment process 1 100.0%