Nationwide Equities Corporation Mortgage Rates, Fees & Info
MAHWAH, NJLEI: 549300WH9FMXOC63ZV77
Tax ID: 11-3469077
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Mortgage Data
Review & Overview
Nationwide Equities Corporation is a smaller mortgage company specializing in Cash Out Refi and 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.) Their top markets by origination volume include: New York, Los Angeles, Miami, San Francisco, and San Jose among others. We have data for 41 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.06% | 4/5/25 |
| 30 Year Cash-out Refi | 6.55% | 4/5/25 |
| 30 Year FHA Purchase | 6.95% | 4/5/25 |
| 30 Year FHA Refi | 6.83% | 4/5/25 |
| 15 Year Conventional Purchase | 5.34% | 4/5/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
303Origination Dollar Volume (All Markets)
$207,125,000Relative Rate
Nationwide Equities Corporation's average 30 year fixed mortgage rate was
6.67%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.12%.
Relative Fees (Closing Costs)
Nationwide Equities Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,094.
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 $8,356.
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) | 102 | $63,890,000 | $626,373 | $11,534 | 8.68% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 52 | $50,120,000 | $963,846 | $14,254 | 9.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 31 | $17,125,000 | $552,419 | $12,204 | 8.36% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 15 | $13,165,000 | $877,667 | $0 | 9.53% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 11 | $10,915,000 | $992,273 | $0 | 9.54% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 14 | $9,870,000 | $705,000 | $0 | 8.66% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $3,440,000 | $573,333 | $0 | 8.42% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $3,220,000 | $536,667 | $0 | 9.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,850,000 | $475,000 | $0 | 7.42% |
| Outside of Metro Areas | 4 | $2,820,000 | $705,000 | $6,644 | 8.55% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $2,415,000 | $805,000 | $0 | 9.59% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $2,395,000 | $479,000 | $0 | 8.80% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $2,270,000 | $378,333 | $0 | 8.78% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,760,000 | $880,000 | $0 | 9.34% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,640,000 | $820,000 | $0 | 9.69% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,620,000 | $810,000 | $0 | 9.57% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,520,000 | $760,000 | $0 | 9.34% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,490,000 | $745,000 | $0 | 9.22% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,480,000 | $740,000 | $4,916 | 7.84% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $0 | 7.37% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $0 | 9.45% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 9.45% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 8.99% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 9.69% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 9.69% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 8.78% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 8.27% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 8.80% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 9.69% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 9.69% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 9.39% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 9.45% |
| Astoria, OR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 6.78% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 8.52% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,640 | 6.38% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,323 | 6.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 9.69% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 7.55% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.69% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.65% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.42% |
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
For 2024, Nationwide Equities Corporation's most frequently originated type of loan was Reverse Mortgage, with 227 originations. Their 2nd most popular type was FHA, with 48 originations.
Loan Reason
For 2024, Nationwide Equities Corporation's most frequently cited loan purpose was Cash Out Refi, with 146 originations. The 2nd most popular reason was Refi, with 110 originations.
Loan Duration/Length
For 2024, Nationwide Equities Corporation's most frequently cited loan duration was Other, with 275 originations. The 2nd most popular length was 30 Year, with 26 originations.
Origination Fees/Closing Costs
Nationwide Equities Corporation's average total fees were $11,094, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 227 | $176,245,000 | $776,410 |
| 6-7% | 37 | $15,085,000 | $407,703 |
| 7-8% | 31 | $12,055,000 | $388,871 |
| 5-6% | 8 | $3,740,000 | $467,500 |
During 2024, Nationwide Equities Corporation's average interest rate for loans was 6.67%, while their most frequently originated rate bucket for loans was Over 8%, with 227 originations.
Loan Sizing
2024 saw Nationwide Equities Corporation place emphasis on $600k-1MM loans with 128 originations, totaling $99,570,000 in origination value.
Applicant Income
Nationwide Equities Corporation lent most frequently to those with incomes in the $50k or less range, with 218 originations. The second most popular income band? $50k-75k, with 33 originations.
Applicant Debt to Income Ratio
Nationwide Equities Corporation lent most frequently to those with DTI ratios of 30-36%, with 7 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
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 origination75.58%
Nationwide Equities Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 303 | $207,125,000 | $683,581 |