Federated Lending Corporation Mortgage Rates, Fees & Info

Yardley, PA

LEI: 549300PTGESTLYZT6Z63

Tax ID: 23-2873640

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, New York, Ocean City, Allentown, and Trenton 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 an above 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 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 6.15% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    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

    97

    Origination Dollar Volume (All Markets)

    $31,425,000

    Awards

    FEDERATED LENDING CORPORATION 30 Year Conventional Loans bronze FEDERATED LENDING CORPORATION FHA Loans silver FEDERATED LENDING CORPORATION 30 Year Conventional Loans silver
    Show all (3) awards

    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) 88 $27,340,000 $310,682 $5,201 4.43%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $2,190,000 $547,500 $8,397 4.47%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $1,715,000 $571,667 $4,364 4.41%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $115,000 $115,000 $5,103 4.99%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $65,000 $65,000 $2,273 3.88%
    Federated Lending Corporation's top markets include Philadelphia, New York, Ocean City, Allentown, and Trenton 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.

    Iron Workers Savings Bank
    Similarity Rank: 63
    Haddon Savings Bank
    Similarity Rank: 116
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 126
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 135
    Columbia Bank
    Similarity Rank: 136
    WASHINGTON SAVINGS BANK
    Similarity Rank: 225
    COMMUNITY POWERED
    Similarity Rank: 228
    Penn Community Bank
    Similarity Rank: 576
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    ESSA Bank & Trust
    Similarity Rank: 710

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 73 $25,335,000 $347,055 $4,490 4.40%
    FHA 21 $5,295,000 $252,143 $8,159 4.50%
    USDA 2 $420,000 $210,000 $4,005 4.44%
    VA 1 $375,000 $375,000 $4,613 4.63%

    For 2018, Federated Lending Corporation's most frequently originated type of loan was Conventional, with 73 originations. Their 2nd most popular type was FHA, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 77 $24,915,000 $323,571 $5,653 4.51%
    Refi 11 $3,365,000 $305,909 $3,714 4.00%
    Cash Out Refi 9 $3,145,000 $349,444 $3,953 4.30%

    For 2018, Federated Lending Corporation's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 92 $29,960,000 $325,652 $5,369 4.45%
    15 Year 4 $1,040,000 $260,000 $3,459 4.09%
    20 Year 1 $425,000 $425,000 $3,965 4.25%

    For 2018, Federated Lending Corporation's most frequently cited loan duration was 30 Year, with 92 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 82 $26,060,000 $317,805
    $1k-2k 4 $830,000 $207,500
    $2k-3k 2 $830,000 $415,000
    $3k-4k 2 $630,000 $315,000
    $4k-5k 1 $395,000 $395,000
    $5k+ 1 $445,000 $445,000

    Federated Lending Corporation's average total fees were $5,369, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 82 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 72 $23,590,000 $327,639
    3-4% 20 $6,620,000 $331,000
    5-6% 5 $1,215,000 $243,000

    During 2018, Federated Lending Corporation's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 4-5%, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 53 $15,705,000 $296,321 $5,549 4.41%
    $100k-200k 20 $3,290,000 $164,500 $4,030 4.52%
    $400k-600k 15 $6,855,000 $457,000 $5,065 4.47%
    $600k-1MM 6 $4,320,000 $720,000 $5,695 4.31%
    $100,000 or less 2 $130,000 $65,000 $2,483 4.38%
    $1MM+ 1 $1,125,000 $1,125,000 $21,929 4.00%

    2018 saw Federated Lending Corporation place emphasis on $200k-400k loans with 53 originations, totaling $15,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 23 $6,685,000 $290,652 $4,558 4.49%
    $75k-100k 20 $5,420,000 $271,000 $5,848 4.50%
    $150k-250k 18 $6,790,000 $377,222 $4,902 4.34%
    $250k+ 15 $8,425,000 $561,667 $6,433 4.31%
    $50k-75k 13 $2,725,000 $209,615 $5,016 4.28%
    $50k or less 8 $1,380,000 $172,500 $4,997 4.75%

    Federated Lending Corporation lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $75k-100k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 21 $5,845,000 $278,333 $4,819 4.37%
    30-36% 20 $7,400,000 $370,000 $4,822 4.32%
    <20% 8 $2,660,000 $332,500 $4,235 4.26%
    41% 7 $3,475,000 $496,429 $7,570 4.51%
    50-60% 7 $1,945,000 $277,857 $7,142 4.64%
    38% 4 $1,120,000 $280,000 $3,850 4.31%
    42% 4 $1,670,000 $417,500 $5,247 4.53%
    36% 3 $655,000 $218,333 $6,649 4.50%
    37% 3 $845,000 $281,667 $4,097 4.83%
    39% 3 $745,000 $248,333 $3,987 4.46%
    46% 3 $1,025,000 $341,667 $6,213 4.79%
    47% 3 $525,000 $175,000 $3,281 4.75%
    49% 3 $1,045,000 $348,333 $4,188 4.58%
    43% 2 $700,000 $350,000 $8,005 3.88%
    45% 2 $520,000 $260,000 $9,732 4.31%
    40% 2 $760,000 $380,000 $4,214 4.50%
    >60% 1 $235,000 $235,000 $3,611 4.13%

    Federated Lending Corporation lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? 30-36%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $29,420,000 $326,889 $5,384 4.44%
    Asian 4 $1,500,000 $375,000 $4,312 4.22%
    Black 2 $300,000 $150,000 $3,329 4.56%
    Native Hawaiian or Islander 1 $205,000 $205,000 $3,243 4.00%

    Approval Rates

    Total approvals of all applications
    95.50%

    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
    92.78%

    Federated Lending Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 97 $31,425,000 $323,969

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 97 $31,425,000 $323,969

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $125,000 $125,000 $3,236 4.25%
    40-60% 12 $3,090,000 $257,500 $4,303 3.97%
    60-80% 34 $14,150,000 $416,176 $5,067 4.36%
    80-100% 50 $14,060,000 $281,200 $5,692 4.59%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Federated Mortgage Corp. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%