Nationwide Equities Corporation Mortgage Rates, Fees & Info

MAHWAH, NJ

LEI: 549300WH9FMXOC63ZV77

Tax ID: 11-3469077

3.6 stars - out of 5 stars, based on 30 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Nationwide Equities Corporation is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Nationwide Equities Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include New York, Los Angeles, San Francisco, San Jose, and Seattle among others. Nationwide Equities Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Nationwide Equities Corporation is typically a high fee lendor.


Originations

889

Origination Dollar Volume (All Markets)

$611,035,000

Awards

NATIONWIDE EQUITIES CORPORATION 30 Year Conventional Loans bronze NATIONWIDE EQUITIES CORPORATION 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

Nationwide Equities Corporation's average 30 year fixed rate mortgage of loans were 2.98%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.17%.

Relative Fees

Nationwide Equities Corporation's average total fees for a 30 year fixed rate mortgage are $6,687.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 305 $175,075,000 $574,016 $6,655 4.40%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 122 $127,920,000 $1,048,525 $0 5.62%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 70 $84,100,000 $1,201,429 $0 5.93%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 35 $34,555,000 $987,286 $0 5.78%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 41 $24,875,000 $606,707 $3,541 4.81%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 23 $23,825,000 $1,035,870 $0 5.51%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 29 $18,125,000 $625,000 $6,279 4.66%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 24 $14,540,000 $605,833 $8,845 4.11%
SALINAS, CA (FHA|USDA|VA) 5 $8,685,000 $1,737,000 $0 6.57%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 27 $8,245,000 $305,370 $5,676 3.15%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $7,580,000 $1,263,333 $0 4.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 17 $6,455,000 $379,706 $0 3.46%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $6,280,000 $523,333 $4,623 3.20%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $5,560,000 $1,390,000 $0 4.93%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $4,265,000 $1,421,667 $0 4.43%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $4,020,000 $502,500 $0 4.93%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 11 $3,655,000 $332,273 $0 3.24%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $3,555,000 $711,000 $0 5.81%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $3,225,000 $1,075,000 $0 6.29%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 13 $3,135,000 $241,154 $0 2.52%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $2,280,000 $1,140,000 $0 5.64%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $2,150,000 $268,750 $6,217 2.89%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $2,025,000 $405,000 $0 4.44%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $2,015,000 $287,857 $6,451 3.24%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $1,930,000 $241,250 $0 2.74%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 6 $1,830,000 $305,000 $0 2.75%
Outside of Metro Areas 6 $1,720,000 $286,667 $0 4.03%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,530,000 $765,000 $0 5.95%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,495,000 $498,333 $0 3.65%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,435,000 $287,000 $0 2.19%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $1,425,000 $1,425,000 $6,589 3.00%
Ukiah, CA (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $0 4.90%
NAPA, CA (FHA|USDA|VA) 2 $1,210,000 $605,000 $0 4.78%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $1,185,000 $1,185,000 $0 5.88%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,055,000 $351,667 $4,651 4.21%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,020,000 $255,000 $0 3.09%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $1,010,000 $505,000 $5,071 3.06%
BOULDER, CO (FHA|USDA|VA) 1 $965,000 $965,000 $0 6.99%
BELLINGHAM, WA (FHA|USDA|VA) 3 $945,000 $315,000 $0 2.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $825,000 $275,000 $0 2.54%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $795,000 $795,000 $0 6.99%
ASHEVILLE, NC (FHA|USDA|VA) 1 $745,000 $745,000 $0 6.99%
BEND, OR (FHA|USDA|VA) 3 $665,000 $221,667 $0 2.80%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $655,000 $655,000 $0 4.90%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $615,000 $205,000 $0 4.14%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $605,000 $605,000 $0 6.99%
KINGSTON, NY (FHA|USDA|VA) 1 $505,000 $505,000 $6,321 3.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $480,000 $240,000 $0 2.83%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $475,000 $158,333 $0 2.81%
MERCED, CA (FHA|USDA|VA) 1 $445,000 $445,000 $0 2.20%
Key West, FL (FHA|USDA|VA) 1 $435,000 $435,000 $0 2.82%
RICHMOND, VA (FHA|USDA|VA) 1 $395,000 $395,000 $0 2.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $370,000 $185,000 $4,485 2.92%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $340,000 $170,000 $0 2.82%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $0 2.33%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $0 2.31%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $325,000 $325,000 $3,386 3.00%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $285,000 $285,000 $0 2.52%
WENATCHEE, WA (FHA|USDA|VA) 1 $285,000 $285,000 $0 2.57%
STOCKTON, CA (FHA|USDA|VA) 1 $285,000 $285,000 $0 2.57%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $285,000 $285,000 $3,501 2.88%
Montrose, CO (FHA|USDA|VA) 1 $275,000 $275,000 $0 2.58%
RENO, NV (FHA|USDA|VA) 1 $275,000 $275,000 $0 2.66%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 1.82%
MEDFORD, OR (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.40%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.85%
Coos Bay, OR (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.81%
Oak Harbor, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.47%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.45%
Ellensburg, WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.38%
Newport, OR (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.81%
Red Bluff, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.83%
Oneonta, NY (FHA|USDA|VA) 1 $195,000 $195,000 $5,432 3.13%
FORT COLLINS, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.18%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $165,000 $165,000 $0 2.81%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.59%
CHICO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.99%
LONGVIEW, WA (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.07%
TUCSON, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $0 1.93%
SPARTANBURG, SC (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.10%
Granbury, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.07%
OCALA, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.32%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 2.34%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.57%

Nationwide Equities Corporation's top markets include New York, Los Angeles, San Francisco, San Jose, and Seattle among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 611 $524,055,000 $857,700 $6,023 5.43%
FHA 278 $86,980,000 $312,878 $14,407 2.66%

For the 2021 period, Nationwide Equities Corporation's most frequently originated loan type of loans were Conventional, with 611 originations. Their 2nd most popular type is FHA, with 278 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 418 $382,500,000 $915,072 $6,466 5.65%
Refi 323 $133,105,000 $412,090 $4,571 3.10%
Home Purchase 75 $32,955,000 $439,400 $7,723 3.01%
Other 67 $57,645,000 $860,373 $0 6.43%
Home Improvement 6 $4,830,000 $805,000 $0 6.46%

For the 2021, Nationwide Equities Corporation's most frequently cited loan purpose of loans were Cash Out Refi, with 418 originations. The 2nd most popular reason of loans were Refi, with 323 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 710 $540,050,000 $760,634 $5,543 4.97%
30 Year 162 $65,980,000 $407,284 $6,687 2.98%
20 Year 9 $2,925,000 $325,000 $4,101 2.99%
15 Year 8 $2,080,000 $260,000 $3,822 2.62%

For the 2021, Nationwide Equities Corporation's most frequently cited loan length of loans were Other, with 710 originations. The 2nd most popular length of loans were 30 Year, with 162 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 100 $36,050,000 $360,500
$2k-3k 29 $10,205,000 $351,897
$3k-4k 22 $8,810,000 $400,455
$5k+ 16 $8,690,000 $543,125
$<1k 7 $3,355,000 $479,286

$6,687 of loans were Nationwide Equities Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 100 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
6-7% 277 $265,555,000 $958,682
2.5-3% 238 $80,370,000 $337,689
<2.5% 108 $35,220,000 $326,111
3-4% 104 $38,970,000 $374,712
4-5% 80 $100,550,000 $1,256,875
5-6% 56 $61,780,000 $1,103,214
7-8% 25 $28,365,000 $1,134,600

During 2021, Nationwide Equities Corporation's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 6-7%, with 277 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 247 $72,705,000 $294,352 $5,206 3.06%
$600k-1MM 234 $184,330,000 $787,735 $13,464 6.22%
$400k-600k 185 $90,975,000 $491,757 $7,157 3.94%
$1MM+ 145 $251,395,000 $1,733,759 $6,589 6.13%
$100k-200k 69 $10,855,000 $157,319 $4,521 2.89%
$100,000 or less 9 $775,000 $86,111 $0 2.71%

2021 saw Nationwide Equities Corporation place emphasis on $200k-400k loans with 247 originations, totaling $72,705,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 586 $392,970,000 $670,597 $6,639 4.81%
$50k-75k 99 $82,935,000 $837,727 $5,302 4.81%
$100k-150k 69 $40,705,000 $589,928 $5,907 3.75%
$75k-100k 52 $39,610,000 $761,731 $6,162 4.35%
$150k-250k 49 $36,875,000 $752,551 $8,450 3.50%
$250k+ 33 $17,795,000 $539,242 $5,796 3.07%

Nationwide Equities Corporation lent most frequently to those with incomes in the $50k or less range, with 586 originations. The second most popular income band? $50k-75k, with 99 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 39 $14,645,000 $375,513 $5,019 2.86%
30-36% 34 $12,160,000 $357,647 $5,018 2.96%
<20% 13 $4,615,000 $355,000 $6,347 3.07%
38% 12 $4,720,000 $393,333 $5,563 2.91%
48% 11 $4,795,000 $435,909 $6,684 3.02%
42% 8 $3,020,000 $377,500 $6,257 2.88%
43% 8 $2,900,000 $362,500 $6,120 3.04%
49% 8 $3,390,000 $423,750 $8,924 2.94%
36% 7 $2,695,000 $385,000 $5,157 2.96%
37% 7 $3,745,000 $535,000 $8,335 3.02%
39% 7 $2,565,000 $366,429 $9,496 3.16%
40% 6 $2,850,000 $475,000 $9,141 2.98%
46% 6 $2,540,000 $423,333 $7,501 3.06%
44% 5 $2,735,000 $547,000 $9,366 3.05%
45% 4 $1,610,000 $402,500 $9,332 3.15%
41% 3 $955,000 $318,333 $5,368 2.83%
47% 3 $1,275,000 $425,000 $8,616 2.96%
50-60% 1 $545,000 $545,000 $6,802 3.38%

Nationwide Equities Corporation lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 34 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 644 $453,220,000 $703,758 $5,496 4.51%
Black 164 $95,450,000 $582,012 $7,973 4.84%
Not provided 55 $43,165,000 $784,818 $10,157 4.24%
Asian 16 $10,310,000 $644,375 $11,837 4.79%
American Indian 2 $4,680,000 $2,340,000 $0 5.39%
5 $2,305,000 $461,000 $9,072 2.93%
Native Hawiian 1 $705,000 $705,000 $0 6.99%
Guamanian 1 $625,000 $625,000 $0 6.99%
Filipino 1 $575,000 $575,000 $0 6.99%

Approval Rates

Total approvals of all applications
94.13%

Nationwide Equities Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
66.12%

Nationwide Equities Corporation 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 889 $611,035,000 $687,328

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
889 $611,035,000 $687,328

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 39 $32,485,000 $832,949 $5,192 3.79%
40-60% 520 $374,100,000 $719,423 $4,637 4.86%
60-80% 283 $184,415,000 $651,643 $6,425 4.37%
80-100% 47 $20,035,000 $426,277 $8,243 3.02%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
NATIONWIDE EQUITIES CORP Reverse mortgage Closing on a mortgage 1 100.0%