Federated Lending Corporation Mortgage Rates, Fees & Info

Yardley, PA

LEI: 549300PTGESTLYZT6Z63

Tax ID: 23-2873640

5 stars - Updated: 3/27/24 - out of 5 stars, based on 6 reviews

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

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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 an average proportion of FHA loans. Their top markets by origination volume include: Philadelphia, Ocean City, East Stroudsburg, Pittsburgh, and Reading among others. We have data for 7 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 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 relatively high 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 6.15% 3/27/24
30 Year Conventional Refi 6.27% 3/27/24
30 Year Cash-out Refi 6.27% 3/27/24
30 Year FHA Purchase 6.27% 3/27/24
30 Year VA Purchase 6.27% 3/27/24
15 Year Conventional Purchase 5.68% 3/27/24
15 Year Conventional Refi 5.68% 3/27/24
15 Year Cash-out Refi 5.68% 3/27/24
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.

Federated Lending Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Federated Lending Corporation. 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

39

Origination Dollar Volume (All Markets)

$15,395,000

Relative Rate

Federated Lending Corporation's average 30 year fixed mortgage rate was 6.62%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.14%.

Relative Fees (Closing Costs)

Federated Lending Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $7,176.

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 $4,750.

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) 33 $13,655,000 $413,788 $7,111 6.38%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $385,000 $385,000 $8,610 6.63%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $325,000 $325,000 $13,773 7.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $315,000 $315,000 $5,014 7.75%
READING, PA (FHA|USDA|VA) 1 $315,000 $315,000 $4,735 7.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $245,000 $245,000 $4,067 7.63%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $155,000 $155,000 $3,521 7.88%
Federated Lending Corporation's top markets include Philadelphia, Ocean City, East Stroudsburg, Pittsburgh, and Reading among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • 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.

    Republic Bank
    Similarity Rank: 21
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    Financial Freedom Mortgage, LLC
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    FEDERATED LENDING CORPORATION
    Similarity Rank: 910

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $14,270,000 $396,389 $6,389 6.61%
    FHA 3 $1,125,000 $375,000 $14,796 5.92%

    For 2023, Federated Lending Corporation's most frequently originated type of loan was Conventional, with 36 originations. Their 2nd most popular type was FHA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $14,195,000 $405,571 $6,893 6.58%
    Refi 2 $370,000 $185,000 $4,479 6.56%
    Cash Out Refi 2 $830,000 $415,000 $12,077 6.06%

    For 2023, Federated Lending Corporation's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 37 $15,015,000 $405,811 $7,176 6.62%
    15 Year 2 $380,000 $190,000 $4,441 5.38%

    For 2023, Federated Lending Corporation's most frequently cited loan duration was 30 Year, with 37 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 17 $6,745,000 $396,765
    $<1k 7 $2,485,000 $355,000
    $5k+ 6 $2,710,000 $451,667
    $4k-5k 5 $1,905,000 $381,000
    $2k-3k 3 $1,335,000 $445,000
    $3k-4k 1 $215,000 $215,000

    Federated Lending Corporation's average total fees were $7,176, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 17 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 20 $8,850,000 $442,500
    5-6% 10 $4,120,000 $412,000
    7-8% 9 $2,425,000 $269,444

    During 2023, Federated Lending Corporation's average interest rate for loans was 6.62%, while their most frequently originated rate bucket for loans was 6-7%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 26 $8,200,000 $315,385 $6,634 6.76%
    $400k-600k 6 $2,790,000 $465,000 $9,099 5.92%
    $100k-200k 3 $425,000 $141,667 $3,340 6.58%
    $1MM+ 2 $2,380,000 $1,190,000 $8,820 6.19%
    $600k-1MM 2 $1,600,000 $800,000 $9,817 6.13%

    2023 saw Federated Lending Corporation place emphasis on $200k-400k loans with 26 originations, totaling $8,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 11 $4,035,000 $366,818 $7,062 6.58%
    $100k-150k 10 $3,350,000 $335,000 $6,054 6.26%
    $250k+ 8 $5,290,000 $661,250 $9,779 6.48%
    $75k-100k 8 $2,180,000 $272,500 $4,448 6.89%
    $50k-75k 2 $540,000 $270,000 $11,178 6.81%

    Federated Lending Corporation lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 6 $3,240,000 $540,000 $7,318 6.39%
    20-30% 6 $2,790,000 $465,000 $7,838 6.02%
    47% 3 $855,000 $285,000 $4,965 7.04%
    40% 3 $905,000 $301,667 $4,332 7.21%
    <20% 2 $580,000 $290,000 $9,094 7.44%
    36% 2 $640,000 $320,000 $6,882 6.88%
    37% 2 $790,000 $395,000 $6,493 5.56%
    41% 2 $750,000 $375,000 $4,675 6.88%
    48% 2 $650,000 $325,000 $6,352 6.75%
    49% 2 $620,000 $310,000 $4,528 6.75%
    50-60% 2 $810,000 $405,000 $14,215 6.18%
    43% 2 $540,000 $270,000 $3,815 6.25%
    45% 2 $1,260,000 $630,000 $11,526 6.94%
    42% 1 $395,000 $395,000 $11,644 5.75%
    39% 1 $345,000 $345,000 $4,681 6.88%
    44% 1 $225,000 $225,000 $4,068 6.50%

    Federated Lending Corporation lent most frequently to those with DTI ratios of 30-36%, with 6 originations. The next most common DTI ratio? 20-30%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $13,100,000 $385,294 $7,055 6.54%
    Chinese 1 $1,275,000 $1,275,000 $9,011 6.13%
    Filipino 2 $370,000 $185,000 $6,436 6.88%
    Asian Indian 1 $365,000 $365,000 $4,783 6.88%
    Black 1 $285,000 $285,000 $7,832 6.63%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    87.18%

    Federated Lending Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 39 $15,395,000 $394,744

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    39 $15,395,000 $394,744

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $425,000 $141,667 $3,340 6.58%
    40-60% 6 $2,720,000 $453,333 $7,011 6.23%
    60-80% 11 $5,375,000 $488,636 $8,648 6.49%
    80-100% 19 $6,875,000 $361,842 $6,693 6.69%