Nationwide Equities Corporation Mortgage Rates, Fees & Info

MAHWAH, NJ

LEI: 549300WH9FMXOC63ZV77

Tax ID: 11-3469077

1 stars - Updated: 11/30/23 - out of 5 stars, based on 25 reviews

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

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Mortgage Data

Review & Overview

Nationwide Equities Corporation is a smaller mortgage company specializing in Cash Out Refi loans. They have an average proportion of FHA loans. Nationwide Equities Corporation has an average proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) 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: New York, Los Angeles, San Francisco, San Jose, and Miami among others. We have data for 75 markets. (Some data included below & more in-depth data is available with an active subscription.)

Nationwide Equities 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. Nationwide Equities Corporation is typically a high 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.

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 6.77% 11/30/23
30 Year Conventional Refi 6.67% 11/30/23
30 Year Cash-out Refi 7.05% 11/30/23
30 Year FHA Purchase 7.33% 11/30/23
15 Year Conventional Purchase 5.87% 11/30/23
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.

Nationwide Equities Corporation Mortgage Calculator






Your Estimates

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

This is not an official calculator from Nationwide Equities 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

623

Origination Dollar Volume (All Markets)

$435,455,000

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 mortgage rate was 4.78%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.02%.

Relative Fees (Closing Costs)

Nationwide Equities Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $10,599.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 162 $99,660,000 $615,185 $10,667 6.80%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 96 $82,910,000 $863,646 $0 7.37%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 50 $51,450,000 $1,029,000 $0 7.51%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 26 $30,030,000 $1,155,000 $0 7.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 32 $20,560,000 $642,500 $9,857 7.07%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 23 $17,225,000 $748,913 $0 6.48%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 23 $15,685,000 $681,957 $0 7.20%
OCEAN CITY, NJ (FHA|USDA|VA) 4 $6,670,000 $1,667,500 $0 5.83%
Key West, FL (FHA|USDA|VA) 1 $6,665,000 $6,665,000 $0 6.38%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 10 $5,850,000 $585,000 $0 7.79%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $5,635,000 $512,273 $0 7.11%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 13 $5,165,000 $397,308 $0 6.02%
Outside of Metro Areas 7 $5,105,000 $729,286 $0 5.21%
SALISBURY, MD-DE (FHA|USDA|VA) 15 $4,955,000 $330,333 $10,271 6.23%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $4,900,000 $816,667 $0 7.37%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $3,915,000 $559,286 $0 6.14%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $3,885,000 $1,295,000 $0 8.66%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $3,505,000 $1,168,333 $0 7.54%
SALINAS, CA (FHA|USDA|VA) 3 $3,405,000 $1,135,000 $0 8.32%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $3,310,000 $275,833 $0 5.37%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $3,025,000 $605,000 $0 7.26%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $2,955,000 $422,143 $0 4.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $2,750,000 $687,500 $0 8.13%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $2,325,000 $775,000 $0 7.62%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $2,275,000 $325,000 $0 7.04%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $2,240,000 $560,000 $0 6.60%
VALLEJO, CA (FHA|USDA|VA) 4 $2,180,000 $545,000 $0 8.15%
PITTSBURGH, PA (FHA|USDA|VA) 2 $2,170,000 $1,085,000 $0 7.82%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $1,945,000 $389,000 $0 5.83%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,805,000 $601,667 $0 6.35%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,765,000 $353,000 $4,661 5.33%
BOULDER, CO (FHA|USDA|VA) 2 $1,610,000 $805,000 $0 9.62%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $1,540,000 $770,000 $0 8.83%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,415,000 $471,667 $0 7.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $1,415,000 $1,415,000 $0 7.15%
ASHEVILLE, NC (FHA|USDA|VA) 1 $1,335,000 $1,335,000 $0 8.49%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $0 5.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,310,000 $655,000 $0 8.30%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,290,000 $645,000 $0 9.13%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $0 5.88%
FRESNO, CA (FHA|USDA|VA) 3 $1,245,000 $415,000 $0 7.08%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $1,125,000 $375,000 $0 6.16%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,015,000 $338,333 $0 8.70%
Breckenridge, CO (FHA|USDA|VA) 1 $995,000 $995,000 $0 6.99%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $985,000 $985,000 $0 9.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $955,000 $318,333 $0 4.51%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $925,000 $925,000 $0 6.99%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $865,000 $288,333 $0 5.34%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $860,000 $430,000 $0 7.31%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $730,000 $365,000 $0 5.01%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $675,000 $675,000 $0 7.99%
BEND, OR (FHA|USDA|VA) 1 $625,000 $625,000 $0 9.62%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $580,000 $290,000 $3,982 3.45%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $575,000 $191,667 $0 5.42%
Clearlake, CA (FHA|USDA|VA) 1 $525,000 $525,000 $0 3.68%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $480,000 $240,000 $0 7.74%
KINGSTON, NY (FHA|USDA|VA) 1 $475,000 $475,000 $0 6.99%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $350,000 $175,000 $0 4.10%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.99%
STOCKTON, CA (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.98%
Shelton, WA (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.62%
MODESTO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.49%
CHICO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.78%
Prineville, OR (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.71%
MERCED, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 9.75%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.50%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.15%
TYLER, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.15%
OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.16%
LONGVIEW, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.99%
GREENVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.37%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.99%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.30%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.43%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.66%
Nationwide Equities Corporation's top markets include New York, Los Angeles, San Francisco, San Jose, and Miami among others.

Their top states include:
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against NATIONWIDE EQUITIES 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
    Reverse Mortgage 443 $370,025,000 $835,271 $0 7.98%
    FHA 110 $33,200,000 $301,818 $0 3.96%
    Conventional 63 $28,095,000 $445,952 $9,388 4.69%
    HELOC 3 $2,345,000 $781,667 n/a 7.13%
    FHA 3 $1,605,000 $535,000 $26,858 4.88%
    FHA 1 $185,000 $185,000 $0 5.06%

    For 2022, Nationwide Equities Corporation's most frequently originated type of loan was Reverse Mortgage, with 443 originations. Their 2nd most popular type was FHA, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 391 $304,635,000 $779,118 $8,038 7.73%
    Refi 109 $43,595,000 $399,954 $0 4.65%
    Other 72 $63,900,000 $887,500 $0 7.26%
    Home Purchase 49 $22,565,000 $460,510 $11,371 4.85%
    Home Improvement 2 $760,000 $380,000 $0 8.68%

    For 2022, Nationwide Equities Corporation's most frequently cited loan purpose was Cash Out Refi, with 391 originations. The 2nd most popular reason was Refi, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 557 $405,755,000 $728,465 $0 7.18%
    30 Year 61 $28,025,000 $459,426 $10,599 4.78%
    15 Year 4 $1,560,000 $390,000 $7,047 3.59%
    20 Year 1 $115,000 $115,000 $0 4.25%

    For 2022, Nationwide Equities Corporation's most frequently cited loan duration was Other, with 557 originations. The 2nd most popular length was 30 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 18 $10,730,000 $596,111
    $1k-2k 11 $4,805,000 $436,818
    $2k-3k 10 $4,000,000 $400,000
    $4k-5k 9 $3,395,000 $377,222
    $3k-4k 6 $2,460,000 $410,000
    $<1k 1 $405,000 $405,000

    Nationwide Equities Corporation's average total fees were $10,599, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 224 $163,980,000 $732,054
    6-7% 126 $106,940,000 $848,730
    7-8% 65 $43,685,000 $672,077
    3-4% 62 $22,410,000 $361,452
    4-5% 59 $46,095,000 $781,271
    5-6% 53 $40,235,000 $759,151
    2.5-3% 23 $8,385,000 $364,565
    <2.5% 10 $2,960,000 $296,000

    During 2022, Nationwide Equities Corporation's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was Over 8%, with 224 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 171 $131,305,000 $767,865 $14,598 7.65%
    $200k-400k 158 $45,740,000 $289,494 $7,087 6.37%
    $400k-600k 128 $63,850,000 $498,828 $9,559 6.60%
    $1MM+ 116 $186,790,000 $1,610,259 $39,713 7.50%
    $100k-200k 48 $7,580,000 $157,917 $8,995 5.65%
    $100,000 or less 2 $190,000 $95,000 $0 4.54%

    2022 saw Nationwide Equities Corporation place emphasis on $600k-1MM loans with 171 originations, totaling $131,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 459 $321,785,000 $701,057 $0 7.12%
    $50k-75k 70 $48,960,000 $699,429 $7,057 7.17%
    $75k-100k 34 $26,440,000 $777,647 $7,406 6.72%
    $100k-150k 25 $15,965,000 $638,600 $11,917 5.28%
    $150k-250k 19 $13,975,000 $735,526 $11,582 4.99%
    $250k+ 16 $8,330,000 $520,625 $10,624 5.12%

    Nationwide Equities Corporation lent most frequently to those with incomes in the $50k or less range, with 459 originations. The second most popular income band? $50k-75k, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 510 $366,530,000 $718,686 $10,381 6.82%
    Black 92 $54,220,000 $589,348 $3,982 7.36%
    Asian 10 $9,150,000 $915,000 $0 7.98%
    Not provided 8 $3,790,000 $473,750 $0 6.73%
    Other Pacific Islander 2 $1,410,000 $705,000 $0 7.82%
    1 $355,000 $355,000 $14,583 3.38%

    Approval Rates

    Total approvals of all applications
    96.68%

    Nationwide Equities 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
    61.64%

    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 623 $435,455,000 $698,965

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    623 $435,455,000 $698,965

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $28,250,000 $523,148 $0 7.92%
    40-60% 427 $321,075,000 $751,932 $8,260 7.21%
    60-80% 123 $76,695,000 $623,537 $9,445 5.77%
    80-100% 18 $9,080,000 $504,444 $12,862 4.84%
    Under 20% 1 $355,000 $355,000 $14,583 3.38%