Equity Resources Mortgage Rates, Fees & Info
NEWARK, OHLEI: 549300G2LV8W3C1G3762
Tax ID: 31-1401378
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Mortgage Data
Review & Overview
Equity Resources is a smaller mortgage company specializing in Home Purchase loans. Equity Resources 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: Columbus, Pittsburgh, Raleigh, Toledo, and Greensboro among others. We have data for 137 markets. (Some data included below & more in-depth data is available with an active subscription.)Equity Resources 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. Equity Resources is typically a low 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 | 7.04% | 4/17/25 |
| 30 Year Conventional Refi | 6.77% | 4/17/25 |
| 30 Year Cash-out Refi | 7.37% | 4/17/25 |
| 30 Year FHA Purchase | 7.54% | 4/17/25 |
| 30 Year FHA Refi | 7.19% | 4/17/25 |
| 30 Year VA Purchase | 6.63% | 4/17/25 |
| 30 Year VA Refi | 6.24% | 4/17/25 |
| 30 Year USDA Purchase | 7.04% | 4/17/25 |
| 30 Year USDA Refi | 6.72% | 4/17/25 |
| 15 Year Conventional Purchase | 6.01% | 4/17/25 |
| 15 Year Conventional Refi | 6.24% | 4/17/25 |
| 15 Year Cash-out Refi | 6.24% | 4/17/25 |
| 15 Year FHA Purchase | 6.00% | 4/17/25 |
| 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. | ||
Equity Resources Mortgage Calculator
Your Estimates
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This is not an official calculator from Equity Resources. 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
2,636Origination Dollar Volume (All Markets)
$669,800,000Awards
EQUITY RESOURCES - 2024
EQUITY RESOURCES is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Equity Resources's average 30 year fixed mortgage rate was
6.73%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.18%.
Relative Fees (Closing Costs)
Equity Resources's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,586.
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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 443 | $110,765,000 | $250,034 | $4,511 | 7.01% |
| PITTSBURGH, PA (FHA|USDA|VA) | 414 | $86,550,000 | $209,058 | $6,471 | 6.86% |
| Outside of Metro Areas | 193 | $53,635,000 | $277,902 | $6,175 | 6.89% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 130 | $48,690,000 | $374,538 | $4,550 | 6.93% |
| TOLEDO, OH (FHA|USDA|VA) | 229 | $41,625,000 | $181,769 | $4,531 | 7.03% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 127 | $30,945,000 | $243,661 | $5,363 | 6.71% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 77 | $30,815,000 | $400,195 | $7,163 | 6.87% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 67 | $26,255,000 | $391,866 | $5,711 | 7.02% |
| ERIE, PA (FHA|USDA|VA) | 89 | $17,475,000 | $196,348 | $6,235 | 6.59% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 41 | $13,365,000 | $325,976 | $6,290 | 6.95% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 35 | $12,035,000 | $343,857 | $8,741 | 6.54% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 23 | $11,485,000 | $499,348 | $3,858 | 6.79% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 37 | $10,805,000 | $292,027 | $5,222 | 6.73% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 31 | $10,575,000 | $341,129 | $9,462 | 7.35% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 46 | $9,540,000 | $207,391 | $4,676 | 7.02% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 38 | $9,500,000 | $250,000 | $5,550 | 6.79% |
| ALTOONA, PA (FHA|USDA|VA) | 57 | $8,845,000 | $155,175 | $4,703 | 6.60% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 19 | $8,725,000 | $459,211 | $5,447 | 6.97% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 27 | $8,545,000 | $316,481 | $4,116 | 7.21% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 33 | $7,965,000 | $241,364 | $4,750 | 6.62% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 35 | $6,185,000 | $176,714 | $5,814 | 6.84% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 14 | $5,980,000 | $427,143 | $4,441 | 6.82% |
| Zanesville, OH (FHA|USDA|VA) | 25 | $5,525,000 | $221,000 | $5,926 | 6.74% |
| MONROE, MI (FHA|USDA|VA) | 19 | $4,545,000 | $239,211 | $4,837 | 6.99% |
| Mount Vernon, OH (FHA|USDA|VA) | 18 | $4,380,000 | $243,333 | $4,582 | 6.92% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 25 | $4,045,000 | $161,800 | $4,709 | 6.85% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 16 | $3,410,000 | $213,125 | $6,395 | 6.67% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $3,265,000 | $362,778 | $7,076 | 6.76% |
| Meadville, PA (FHA|USDA|VA) | 18 | $2,420,000 | $134,444 | $6,127 | 6.72% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 10 | $2,410,000 | $241,000 | $6,124 | 6.65% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 10 | $2,310,000 | $231,000 | $5,987 | 7.39% |
| LOUISVILLE, KY (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $4,812 | 6.71% |
| Morehead City, NC (FHA|USDA|VA) | 4 | $2,200,000 | $550,000 | $7,593 | 6.59% |
| Coshocton, OH (FHA|USDA|VA) | 12 | $2,070,000 | $172,500 | $4,447 | 6.68% |
| WILMINGTON, NC (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $7,550 | 7.14% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,855,000 | $371,000 | $16,345 | 6.72% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,790,000 | $447,500 | $5,727 | 6.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $4,722 | 7.07% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $6,433 | 6.88% |
| Adrian, MI (FHA|USDA|VA) | 7 | $1,605,000 | $229,286 | $5,082 | 6.45% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 8 | $1,520,000 | $190,000 | $6,488 | 6.66% |
| Sanford, NC (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $6,579 | 6.57% |
| Henderson, NC (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $9,299 | 7.84% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $4,406 | 7.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $1,380,000 | $230,000 | $3,781 | 6.96% |
| Marion, OH (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $4,585 | 6.84% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 8 | $1,210,000 | $151,250 | $4,799 | 6.70% |
| GREENVILLE, NC (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $3,560 | 7.03% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $7,446 | 6.79% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $5,160 | 7.33% |
| Easton, MD (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $6,110 | 6.88% |
| Somerset, PA (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $4,383 | 7.33% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $4,270 | 7.28% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $5,019 | 6.69% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $8,055 | 7.08% |
| New Castle, PA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $9,338 | 6.50% |
| Wilmington, OH (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $2,766 | 6.66% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $7,234 | 7.56% |
| MANSFIELD, OH (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $3,847 | 6.75% |
| Defiance, OH (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $2,672 | 7.13% |
| Huntingdon, PA (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $5,728 | 6.65% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $9,752 | 7.75% |
| Lumberton, NC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $7,540 | 6.62% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $7,934 | 7.56% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $6,021 | 6.33% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $2,200 | 6.37% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,564 | 7.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $6,143 | 7.61% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $5,218 | 6.54% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,771 | 7.37% |
| Marietta, OH (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $4,659 | 6.78% |
| Cambridge, OH (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $5,119 | 6.67% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $3,892 | 7.99% |
| DuBois, PA (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $4,082 | 7.06% |
| Jackson, OH (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,373 | 6.69% |
| READING, PA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $11,198 | 6.69% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,794 | 8.48% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,981 | 6.69% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $4,403 | 6.38% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,462 | 5.99% |
| FLORENCE, SC (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $4,653 | 6.81% |
| Fremont, OH (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $4,087 | 6.75% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,853 | 6.88% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $4,612 | 7.13% |
| GOLDSBORO, NC (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $8,447 | 7.21% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,825 | 6.56% |
| Shelby, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,900 | 7.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,061 | 8.48% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $19,914 | 9.25% |
| JACKSON, MI (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $3,596 | 6.75% |
| Chillicothe, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,834 | 6.69% |
| Urbana, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,440 | 7.13% |
| Washington Court House, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,329 | 6.75% |
| Indiana, PA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,307 | 6.62% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 7.38% |
| Portsmouth, OH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,510 | 6.56% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,997 | 7.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,035 | 7.56% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $3,814 | 6.87% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,716 | 6.63% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,542 | 4.88% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,490 | 7.44% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,639 | 6.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,968 | 6.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,230 | 8.98% |
| Findlay, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,760 | 7.63% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,847 | 8.04% |
| Wapakoneta, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,851 | 6.75% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,992 | 6.63% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,436 | 7.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 7.50% |
| Wilson, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,433 | 6.50% |
| Oil City, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,111 | 6.75% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,096 | 6.88% |
| Keene, NH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,290 | 6.49% |
| Brevard, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,008 | 6.75% |
| Wooster, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,750 | 6.75% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,560 | 5.75% |
| Angola, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,939 | 7.63% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.88% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,562 | 6.38% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,525 | 6.63% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $11,691 | 6.13% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,040 | 6.38% |
| Bluffton, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,438 | 7.13% |
| Washington, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,251 | 6.25% |
| FLINT, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,029 | 6.63% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,494 | 6.99% |
| Sidney, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,178 | 6.25% |
| Athens, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,426 | 6.50% |
| Kinston, NC (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,050 | 8.48% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,890 | 6.88% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,610 | 6.63% |
| Greenville, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,978 | 6.38% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.88% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,532 | 7.13% |
| Big Stone Gap, VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,558 | 6.38% |
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Product Mix
For 2024, Equity Resources's most frequently originated type of loan was Conventional, with 1,968 originations. Their 2nd most popular type was FHA, with 395 originations.
Loan Reason
For 2024, Equity Resources's most frequently cited loan purpose was Home Purchase, with 2,176 originations. The 2nd most popular reason was Cash Out Refi, with 302 originations.
Loan Duration/Length
For 2024, Equity Resources's most frequently cited loan duration was 30 Year, with 2,458 originations. The 2nd most popular length was Other, with 65 originations.
Origination Fees/Closing Costs
Equity Resources's average total fees were $5,586, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,390 originations.
Interest Rates
During 2024, Equity Resources's average interest rate for loans was 6.73%, while their most frequently originated rate bucket for loans was 6-7%, with 1,661 originations.
Loan Sizing
2024 saw Equity Resources place emphasis on $200k-400k loans with 1,120 originations, totaling $315,040,000 in origination value.
Applicant Income
Equity Resources lent most frequently to those with incomes in the $100k-150k range, with 688 originations. The second most popular income band? $50k-75k, with 606 originations.
Applicant Debt to Income Ratio
Equity Resources lent most frequently to those with DTI ratios of 30-36%, with 496 originations. The next most common DTI ratio? 20-30%, with 439 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.99%
Equity Resources has an average approval rate.
Pick Rate
Approvals leading to origination64.72%
Equity Resources 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 | 2,636 | $669,800,000 | $254,097 |