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 Refi and 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.) Their top markets by origination volume include: New York, Los Angeles, Miami, San Diego, and San Francisco among others. We have data for 46 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 relatively high 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 | 6.77% | 12/16/24 |
| 30 Year Conventional Refi | 6.67% | 12/16/24 |
| 30 Year Cash-out Refi | 7.05% | 12/16/24 |
| 30 Year FHA Purchase | 7.33% | 12/16/24 |
| 15 Year Conventional Purchase | 5.87% | 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. | ||
Nationwide Equities Corporation Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
226Origination Dollar Volume (All Markets)
$138,850,000Relative Rate
Nationwide Equities Corporation's average 30 year fixed mortgage rate was
6.65%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.17%.
Relative Fees (Closing Costs)
Nationwide Equities Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,064.
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 $9,089.
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) | 62 | $39,760,000 | $641,290 | $12,143 | 8.56% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 37 | $27,715,000 | $749,054 | $0 | 8.89% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 18 | $14,210,000 | $789,444 | $7,757 | 8.42% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 9 | $7,565,000 | $840,556 | $0 | 8.54% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $6,365,000 | $707,222 | $0 | 9.05% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $3,190,000 | $797,500 | $0 | 9.88% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $3,180,000 | $1,590,000 | $0 | 9.68% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $2,970,000 | $742,500 | $0 | 8.43% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $2,835,000 | $567,000 | $0 | 8.56% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $2,605,000 | $372,143 | $0 | 8.04% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $2,175,000 | $435,000 | $0 | 7.99% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,915,000 | $638,333 | $0 | 7.79% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $1,730,000 | $865,000 | $0 | 8.74% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $0 | 9.78% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $0 | 8.72% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $0 | 7.74% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 9.68% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $0 | 6.84% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $0 | 7.62% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 9.68% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $6,420 | 7.31% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 7.34% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 8.45% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 9.68% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 7.42% |
| Outside of Metro Areas | 2 | $760,000 | $380,000 | $0 | 8.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 7.59% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 9.68% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 8.52% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 8.67% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 6.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 7.61% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,704 | 7.42% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 7.74% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 9.68% |
| Key West, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 6.46% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 7.64% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 6.47% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 9.99% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 9.00% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.46% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.39% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.64% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.68% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.86% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.14% |
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 2023, Nationwide Equities Corporation's most frequently originated type of loan was Reverse Mortgage, with 109 originations. Their 2nd most popular type was FHA, with 89 originations.
Loan Reason
For 2023, Nationwide Equities Corporation's most frequently cited loan purpose was Refi, with 134 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 198 | $126,440,000 | $638,586 | $0 | 8.74% |
| 30 Year | 28 | $12,410,000 | $443,214 | $11,064 | 6.65% |
For 2023, Nationwide Equities Corporation's most frequently cited loan duration was Other, with 198 originations. The 2nd most popular length was 30 Year, with 28 originations.
Origination Fees/Closing Costs
Nationwide Equities Corporation's average total fees were $11,064, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 117 | $96,695,000 | $826,453 |
| 7-8% | 67 | $24,555,000 | $366,493 |
| 6-7% | 39 | $15,965,000 | $409,359 |
| 5-6% | 3 | $1,635,000 | $545,000 |
During 2023, Nationwide Equities Corporation's average interest rate for loans was 6.65%, while their most frequently originated rate bucket for loans was Over 8%, with 117 originations.
Loan Sizing
2023 saw Nationwide Equities Corporation place emphasis on $600k-1MM loans with 60 originations, totaling $45,870,000 in origination value.
Applicant Income
Nationwide Equities Corporation lent most frequently to those with incomes in the $50k or less range, with 162 originations. The second most popular income band? $50k-75k, with 31 originations.
Applicant Debt to Income Ratio
Nationwide Equities Corporation lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? 47%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.94%
Nationwide Equities Corporation has an average approval rate.
Pick Rate
Approvals leading to origination61.50%
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 | 226 | $138,850,000 | $614,381 |