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
  • 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 Refi and 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, New York, Trenton, Allentown, and Ocean City 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 an above 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.

    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

    313

    Origination Dollar Volume (All Markets)

    $100,685,000

    Awards

    FEDERATED LENDING CORPORATION 30 Year Conventional Loans bronze FEDERATED LENDING CORPORATION 30 Year Conventional Loans silver FEDERATED LENDING CORPORATION FHA Loans bronze FEDERATED LENDING CORPORATION 30 Year Conventional Loans silver
    Show all (4) 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) 288 $91,840,000 $318,889 $4,276 2.97%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 10 $3,560,000 $356,000 $3,131 2.83%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 8 $2,670,000 $333,750 $2,965 2.80%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $1,065,000 $355,000 $4,082 3.42%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $980,000 $490,000 $4,162 2.81%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $385,000 $385,000 $5,845 2.38%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $185,000 $185,000 $2,957 4.75%
    Federated Lending Corporation's top markets include Philadelphia, New York, Trenton, Allentown, and Ocean City 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.

    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    Prudential Bank
    Similarity Rank: 640
    Unity Bank
    Similarity Rank: 1258
    GLENDENNING MORTGAGE CORPORATION
    Similarity Rank: 1340
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 1585
    FEDERATED LENDING CORPORATION
    Similarity Rank: 1932
    Penn Community Bank
    Similarity Rank: 1950
    Columbia Bank
    Similarity Rank: 1971
    PINNACLE MORTGAGE, INC.
    Similarity Rank: 1978

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 292 $94,420,000 $323,356 $3,870 2.96%
    FHA 17 $5,305,000 $312,059 $9,553 3.13%
    VA 3 $865,000 $288,333 $7,853 2.83%
    HELOC 1 $95,000 $95,000 n/a 3.24%

    For 2020, Federated Lending Corporation's most frequently originated type of loan was Conventional, with 292 originations. Their 2nd most popular type was FHA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 183 $56,735,000 $310,027 $3,704 2.85%
    Home Purchase 96 $32,310,000 $336,563 $5,257 3.17%
    Cash Out Refi 34 $11,640,000 $342,353 $4,039 3.01%

    For 2020, Federated Lending Corporation's most frequently cited loan purpose was Refi, with 183 originations. The 2nd most popular reason was Home Purchase, with 96 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 231 $76,175,000 $329,762 $4,458 3.04%
    15 Year 54 $14,960,000 $277,037 $3,371 2.69%
    20 Year 22 $8,080,000 $367,273 $3,879 2.92%
    Other 5 $1,205,000 $241,000 $3,301 3.10%
    10 Year 1 $265,000 $265,000 $3,389 2.25%

    For 2020, Federated Lending Corporation's most frequently cited loan duration was 30 Year, with 231 originations. The 2nd most popular length was 15 Year, with 54 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 295 $95,635,000 $324,186
    $2k-3k 8 $2,540,000 $317,500
    $1k-2k 6 $1,260,000 $210,000
    $4k-5k 1 $245,000 $245,000
    $5k+ 1 $745,000 $745,000

    Federated Lending Corporation's average total fees were $4,458, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 295 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 174 $56,830,000 $326,609
    3-4% 95 $31,355,000 $330,053
    <2.5% 40 $11,950,000 $298,750
    4-5% 2 $370,000 $185,000
    5-6% 1 $105,000 $105,000
    6-7% 1 $75,000 $75,000

    During 2020, Federated Lending Corporation's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 185 $54,645,000 $295,378 $4,054 2.90%
    $400k-600k 77 $35,375,000 $459,416 $4,964 2.95%
    $100k-200k 41 $6,765,000 $165,000 $3,229 3.10%
    $100,000 or less 5 $415,000 $83,000 $2,850 3.70%
    $600k-1MM 5 $3,485,000 $697,000 $6,849 3.59%

    2020 saw Federated Lending Corporation place emphasis on $200k-400k loans with 185 originations, totaling $54,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 94 $35,960,000 $382,553 $4,241 2.99%
    $100k-150k 93 $29,055,000 $312,419 $4,011 2.92%
    $50k-75k 44 $9,830,000 $223,409 $3,963 2.98%
    $75k-100k 41 $11,335,000 $276,463 $4,458 2.95%
    $250k+ 27 $11,605,000 $429,815 $4,249 2.95%
    $50k or less 14 $2,900,000 $207,143 $5,155 3.14%

    Federated Lending Corporation lent most frequently to those with incomes in the $150k-250k range, with 94 originations. The second most popular income band? $100k-150k, with 93 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 86 $28,070,000 $326,395 $3,944 2.86%
    30-36% 52 $18,200,000 $350,000 $4,225 2.97%
    <20% 28 $8,600,000 $307,143 $3,565 2.72%
    38% 16 $5,650,000 $353,125 $4,271 3.26%
    37% 15 $3,795,000 $253,000 $3,679 3.04%
    45% 13 $3,895,000 $299,615 $5,214 2.94%
    39% 13 $3,305,000 $254,231 $3,785 3.30%
    40% 13 $4,725,000 $363,462 $5,135 3.02%
    41% 12 $3,460,000 $288,333 $3,629 2.91%
    36% 12 $4,440,000 $370,000 $4,584 3.07%
    44% 10 $3,280,000 $328,000 $3,697 2.93%
    43% 9 $2,865,000 $318,333 $4,473 2.96%
    42% 8 $2,910,000 $363,750 $4,371 3.25%
    49% 8 $2,000,000 $250,000 $4,135 3.08%
    50-60% 6 $1,790,000 $298,333 $7,908 2.92%
    47% 4 $1,280,000 $320,000 $3,452 3.19%
    48% 3 $1,175,000 $391,667 $3,575 2.88%
    46% 3 $635,000 $211,667 $6,493 3.17%

    Federated Lending Corporation lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? 30-36%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 297 $96,035,000 $323,350 $4,211 2.97%
    Asian 12 $4,000,000 $333,333 $4,303 2.78%
    Black 2 $370,000 $185,000 $3,258 4.00%
    Native Hawaiian or Islander 2 $280,000 $140,000 $3,529 2.88%

    Approval Rates

    Total approvals of all applications
    99.10%

    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
    95.21%

    Federated Lending Corporation has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    3065.45 1 $285,000 $285,000
    NA 312 $100,400,000 $321,795

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 313 $100,685,000 $321,677

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,285,000 $183,571 $3,172 2.46%
    40-60% 63 $17,585,000 $279,127 $3,515 2.75%
    60-80% 158 $54,580,000 $345,443 $3,959 2.96%
    80-100% 81 $26,635,000 $328,827 $5,283 3.14%
    Over 100% 1 $345,000 $345,000 $12,652 2.50%
    Under 20% 3 $255,000 $85,000 $1,564 4.20%