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, Cash Out Refi, and Home Purchase loans. They have a a high proportion of FHA loans. Nationwide Equities Corporation has an average proportion of conventional loans. They have an average proportion of FHA loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Los Angeles, San Francisco, San Jose, and Seattle 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.77% | 4/21/24 |
| 30 Year Conventional Refi | 6.67% | 4/21/24 |
| 30 Year Cash-out Refi | 7.05% | 4/21/24 |
| 30 Year FHA Purchase | 7.33% | 4/21/24 |
| 15 Year Conventional Purchase | 5.87% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
456Origination Dollar Volume (All Markets)
$123,940,000Top 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) | 126 | $41,190,000 | $326,905 | $10,182 | 5.09% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 28 | $11,500,000 | $410,714 | $25,241 | 5.36% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 24 | $11,490,000 | $478,750 | $0 | 5.98% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 10 | $5,140,000 | $514,000 | $0 | 6.46% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 18 | $4,810,000 | $267,222 | $0 | 5.24% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 13 | $3,915,000 | $301,154 | $14,210 | 5.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 18 | $3,550,000 | $197,222 | $0 | 5.10% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 15 | $3,255,000 | $217,000 | $0 | 5.10% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 8 | $2,760,000 | $345,000 | $0 | 5.33% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $2,640,000 | $220,000 | $4,615 | 5.01% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 14 | $2,370,000 | $169,286 | $8,778 | 5.08% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $2,365,000 | $215,000 | $4,600 | 5.37% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 16 | $2,310,000 | $144,375 | $3,805 | 5.43% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $1,935,000 | $387,000 | $0 | 5.23% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $0 | 5.11% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $1,395,000 | $155,000 | $13,786 | 5.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 8 | $1,250,000 | $156,250 | $5,708 | 5.05% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $0 | 4.67% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $1,215,000 | $173,571 | $0 | 5.04% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $0 | 5.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 5.06% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $6,533 | 5.20% |
| Outside of Metro Areas | 7 | $875,000 | $125,000 | $7,482 | 4.89% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $0 | 5.05% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $8,115 | 5.69% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $0 | 4.90% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 5.92% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 5.10% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 6.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 5.18% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 6.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,861 | 5.24% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 4.87% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,063 | 5.20% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,729 | 4.89% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $15,443 | 4.50% |
| RENO, NV (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 4.97% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 5.11% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.84% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 5.19% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,145 | 5.24% |
| SALEM, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.90% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,670 | 9.63% |
| MERCED, CA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 5.27% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,147 | 4.75% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,312 | 4.38% |
| Hood River, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.06% |
| Durango, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.62% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 5.21% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 5.24% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.07% |
| CHICO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.18% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.82% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.32% |
| OCALA, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,200 | 5.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.98% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,709 | 5.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,564 | 4.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.06% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,636 | 4.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 5.17% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.69% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.23% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.28% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.86% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.87% |
| Beeville, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.81% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.65% |
| St. Marys, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.81% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.02% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.26% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,779 | 5.50% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.78% |
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 2018, Nationwide Equities Corporation's most frequently originated type of loan was FHA, with 278 originations. Their 2nd most popular type was Conventional, with 72 originations.
Loan Reason
For 2018, Nationwide Equities Corporation's most frequently cited loan purpose was Refi, with 234 originations. The 2nd most popular reason was Cash Out Refi, with 115 originations.
Loan Duration/Length
For 2018, Nationwide Equities Corporation's most frequently cited loan duration was Other, with 347 originations. The 2nd most popular length was 30 Year, with 105 originations.
Origination Fees/Closing Costs
Nationwide Equities Corporation's average total fees were $9,443, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 45 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 239 | $56,455,000 | $236,213 |
| 4-5% | 175 | $45,565,000 | $260,371 |
| 6-7% | 34 | $19,140,000 | $562,941 |
| 3-4% | 5 | $2,065,000 | $413,000 |
| Over 8% | 3 | $715,000 | $238,333 |
During 2018, Nationwide Equities Corporation's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 239 originations.
Loan Sizing
2018 saw Nationwide Equities Corporation place emphasis on $200k-400k loans with 194 originations, totaling $57,010,000 in origination value.
Applicant Income
Nationwide Equities Corporation lent most frequently to those with incomes in the $50k or less range, with 339 originations. The second most popular income band? $75k-100k, with 34 originations.
Applicant Debt to Income Ratio
Nationwide Equities Corporation lent most frequently to those with DTI ratios of 50-60%, with 18 originations. The next most common DTI ratio? 43%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.86%
Nationwide Equities Corporation has an average approval rate.
Pick Rate
Approvals leading to origination42.11%
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 | 456 | $123,940,000 | $271,798 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $240,000 | $120,000 |
| Single Family (1-4 Units):Site-Built | 454 | $123,700,000 | $272,467 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NATIONWIDE ADVANTAGE MORTGAGE COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| NATIONWIDE ADVANTAGE MORTGAGE COMPANY | Conventional home mortgage | Trouble during payment process | 3 | 75.0% |