Federated Lending Corporation Mortgage Rates, Fees & Info
Yardley, PALEI: 549300PTGESTLYZT6Z63
Tax ID: 23-2873640
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Mortgage Data
Review & Overview
Federated Lending Corporation is a smaller mortgage company specializing in Home Purchase loans. Federated Lending Corporation has a high proportion of conventional loans. 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: Philadelphia, Trenton, Allentown, and New York among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Federated Lending Corporation 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. Federated Lending Corporation 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.79% | 4/5/25 |
| 30 Year Conventional Refi | 6.97% | 4/5/25 |
| 30 Year Cash-out Refi | 6.90% | 4/5/25 |
| 30 Year FHA Purchase | 7.71% | 4/5/25 |
| 15 Year Conventional Purchase | 6.50% | 4/5/25 |
| 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. | ||
Federated Lending Corporation Mortgage Calculator
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This is not an official calculator from Federated Lending Corporation. 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
41Origination Dollar Volume (All Markets)
$16,195,000Awards
FEDERATED LENDING CORPORATION - 2024
FEDERATED LENDING CORPORATION is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Federated Lending Corporation's average 30 year fixed mortgage rate was
6.67%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.12%.
Relative Fees (Closing Costs)
Federated Lending Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,591.
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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 35 | $13,905,000 | $397,286 | $5,424 | 6.75% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 6.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,757 | 6.06% |
| Outside of Metro Areas | 2 | $510,000 | $255,000 | $3,607 | 7.56% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,492 | 6.63% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against FEDERATED LENDING CORPORATION 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $15,970,000 | $399,250 | $5,162 | 6.75% |
| FHA | 1 | $225,000 | $225,000 | $8,040 | 6.63% |
For 2024, Federated Lending Corporation's most frequently originated type of loan was Conventional, with 40 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2024, Federated Lending Corporation's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
For 2024, Federated Lending Corporation's most frequently cited loan duration was 30 Year, with 34 originations. The 2nd most popular length was 1 Year, with 3 originations.
Origination Fees/Closing Costs
Federated Lending Corporation's average total fees were $5,591, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 26 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 29 | $12,485,000 | $430,517 |
| 5-6% | 5 | $1,455,000 | $291,000 |
| 7-8% | 5 | $1,825,000 | $365,000 |
| Over 8% | 2 | $430,000 | $215,000 |
During 2024, Federated Lending Corporation's average interest rate for loans was 6.67%, while their most frequently originated rate bucket for loans was 6-7%, with 29 originations.
Loan Sizing
2024 saw Federated Lending Corporation place emphasis on $200k-400k loans with 21 originations, totaling $6,265,000 in origination value.
Applicant Income
Federated Lending Corporation lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
Federated Lending Corporation lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.83%
Federated Lending Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.80%
Federated Lending Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 41 | $16,195,000 | $395,000 |