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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 4/28/24 |
| 30 Year Conventional Refi | 6.73% | 4/28/24 |
| 30 Year FHA Purchase | 7.48% | 4/28/24 |
| 30 Year FHA Refi | 7.18% | 4/28/24 |
| 30 Year VA Purchase | 6.42% | 4/28/24 |
| 30 Year VA Refi | 5.98% | 4/28/24 |
| 30 Year USDA Purchase | 7.06% | 4/28/24 |
| 15 Year Conventional Purchase | 5.79% | 4/28/24 |
| 15 Year Conventional Refi | 6.03% | 4/28/24 |
| 15 Year Cash-out Refi | 6.03% | 4/28/24 |
| 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
648Origination Dollar Volume (All Markets)
$228,960,000Awards
FIDELITY DIRECT MORTGAGE - 2022
FIDELITY DIRECT MORTGAGE is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
2022 saw Fidelity Direct Mortgage place emphasis on $200k-400k loans with 357 originations, totaling $107,755,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications89.73%
Fidelity Direct Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination82.72%
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 |