Nationwide Mortgage Bankers Rates, Fees & Info
WILMINGTON, DELEI: 549300CLRXFVF83ZL806
Tax ID: 45-2969502
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Mortgage Data
Review & Overview
Nationwide Mortgage Bankers is a smaller bank specializing in Home Purchase loans. They have a a high proportion of FHA loans. Nationwide Mortgage Bankers has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Miami, Baltimore, Orlando, and Washington among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Nationwide Mortgage Bankers 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. Nationwide Mortgage Bankers 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 | 6.87% | 4/19/24 |
| 30 Year Conventional Refi | 6.80% | 4/19/24 |
| 30 Year Cash-out Refi | 6.27% | 4/19/24 |
| 30 Year FHA Purchase | 7.58% | 4/19/24 |
| 30 Year FHA Refi | 7.25% | 4/19/24 |
| 30 Year VA Purchase | 6.57% | 4/19/24 |
| 30 Year VA Refi | 6.60% | 4/19/24 |
| 30 Year USDA Purchase | 7.11% | 4/19/24 |
| 15 Year Conventional Purchase | 6.04% | 4/19/24 |
| 15 Year Conventional Refi | 6.48% | 4/19/24 |
| 15 Year Cash-out Refi | 6.48% | 4/19/24 |
| 15 Year FHA Refi | 7.37% | 4/19/24 |
| 15 Year VA Refi | 6.47% | 4/19/24 |
| 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. | ||
Nationwide Mortgage Bankers Mortgage Calculator
Your Estimates
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This is not an official calculator from Nationwide Mortgage Bankers. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,624Origination Dollar Volume (All Markets)
$430,200,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 472 | $172,950,000 | $366,419 | $12,680 | 5.07% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 295 | $76,225,000 | $258,390 | $8,507 | 5.26% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 251 | $51,205,000 | $204,004 | $6,517 | 5.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 230 | $45,590,000 | $198,217 | $8,374 | 5.31% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 67 | $19,335,000 | $288,582 | $10,261 | 6.74% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 51 | $8,445,000 | $165,588 | $7,818 | 5.16% |
| RICHMOND, VA (FHA|USDA|VA) | 39 | $7,115,000 | $182,436 | $6,438 | 5.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 20 | $4,210,000 | $210,500 | $8,431 | 5.32% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 9 | $3,985,000 | $442,778 | $8,457 | 4.76% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 13 | $2,925,000 | $225,000 | $7,520 | 5.08% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 10 | $2,550,000 | $255,000 | $6,859 | 5.01% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 7 | $2,335,000 | $333,571 | $10,149 | 4.95% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $2,130,000 | $355,000 | $12,037 | 5.17% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $1,860,000 | $186,000 | $7,478 | 5.20% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 12 | $1,790,000 | $149,167 | $7,402 | 5.18% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 8 | $1,610,000 | $201,250 | $6,177 | 5.09% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $1,425,000 | $203,571 | $8,574 | 5.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $6,998 | 4.83% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $1,235,000 | $247,000 | $8,921 | 4.98% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $8,327 | 4.95% |
| Outside of Metro Areas | 9 | $1,055,000 | $117,222 | $4,479 | 6.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $1,010,000 | $126,250 | $6,709 | 5.58% |
| SALEM, OR (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $15,117 | 4.72% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 6 | $830,000 | $138,333 | $7,383 | 5.21% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $10,611 | 4.71% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $20,436 | 4.72% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $6,905 | 5.19% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $8,151 | 5.04% |
| Key West, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $9,166 | 5.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $15,828 | 4.44% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $7,532 | 5.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $7,902 | 5.33% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $15,612 | 4.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $7,284 | 5.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $9,049 | 5.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,755 | 5.63% |
| HARRISONBURG, VA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,873 | 5.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,818 | 5.63% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $7,762 | 4.88% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $24,706 | 4.88% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,067 | 4.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $23,417 | 4.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,614 | 5.63% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,978 | 5.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,893 | 4.81% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,944 | 4.88% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $17,139 | 5.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,593 | 4.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,267 | 5.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,570 | 5.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,041 | 5.38% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,327 | 5.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,403 | 4.88% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,100 | 5.63% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,091 | 4.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,460 | 4.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,411 | 4.75% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,932 | 4.75% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,883 | 4.63% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,988 | 4.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,315 | 5.63% |
| DOVER, DE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,933 | 4.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,718 | 5.63% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,021 | 4.88% |
| REDDING, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,091 | 4.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $4,119 | 5.88% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,631 | 5.25% |
| ERIE, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $10,631 | 4.50% |
| READING, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,021 | 4.63% |
| New Castle, PA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $3,691 | 6.56% |
| Corning, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,543 | 5.50% |
| Lake City, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,699 | 5.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,902 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against NATIONWIDE MORTGAGE BANKERS 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 2018, Nationwide Mortgage Bankers's most frequently originated type of loan was FHA, with 813 originations. Their 2nd most popular type was Conventional, with 722 originations.
Loan Reason
For 2018, Nationwide Mortgage Bankers's most frequently cited loan purpose was Home Purchase, with 1,319 originations. The 2nd most popular reason was Refi, with 243 originations.
Loan Duration/Length
For 2018, Nationwide Mortgage Bankers's most frequently cited loan duration was 30 Year, with 1,549 originations. The 2nd most popular length was 10 Year, with 44 originations.
Origination Fees/Closing Costs
Nationwide Mortgage Bankers's average total fees were $9,605, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 553 originations.
Interest Rates
During 2018, Nationwide Mortgage Bankers's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 5-6%, with 845 originations.
Loan Sizing
2018 saw Nationwide Mortgage Bankers place emphasis on $200k-400k loans with 852 originations, totaling $240,610,000 in origination value.
Applicant Income
Nationwide Mortgage Bankers lent most frequently to those with incomes in the $50k-75k range, with 507 originations. The second most popular income band? $50k or less, with 427 originations.
Applicant Debt to Income Ratio
Nationwide Mortgage Bankers lent most frequently to those with DTI ratios of 50-60%, with 343 originations. The next most common DTI ratio? 30-36%, with 161 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.13%
Nationwide Mortgage Bankers has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination51.97%
Nationwide Mortgage Bankers has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,624 | $430,200,000 | $264,901 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 10 | $1,490,000 | $149,000 |
| Single Family (1-4 Units):Site-Built | 1,614 | $428,710,000 | $265,620 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NATIONWIDE MORTGAGE BANKERS, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |