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, 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. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Los Angeles, San Francisco, San Jose, and Seattle among others. We have data for 83 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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
506Origination Dollar Volume (All Markets)
$196,060,000Top 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) | 180 | $75,300,000 | $418,333 | $9,873 | 4.66% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 40 | $21,700,000 | $542,500 | $23,779 | 5.70% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 27 | $16,695,000 | $618,333 | $0 | 6.03% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 14 | $11,810,000 | $843,571 | $0 | 6.04% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 25 | $9,565,000 | $382,600 | $8,578 | 5.43% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 17 | $6,255,000 | $367,941 | $17,647 | 5.07% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $5,470,000 | $390,714 | $6,993 | 5.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 20 | $5,460,000 | $273,000 | $4,730 | 5.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 13 | $2,605,000 | $200,385 | $0 | 4.82% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 7 | $2,405,000 | $343,571 | $7,929 | 4.15% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $2,115,000 | $235,000 | $9,116 | 4.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $1,975,000 | $395,000 | $0 | 4.96% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $0 | 5.26% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 10 | $1,820,000 | $182,000 | $8,874 | 3.89% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $0 | 5.07% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $5,559 | 5.78% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $0 | 6.08% |
| Outside of Metro Areas | 4 | $1,140,000 | $285,000 | $4,171 | 4.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $0 | 5.74% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $0 | 4.51% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 6.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $8,465 | 4.42% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 4.36% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 5.57% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $0 | 5.06% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $0 | 4.88% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $9,338 | 4.50% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $0 | 4.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $11,838 | 4.97% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 6.04% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $6,179 | 4.48% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,066 | 3.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $7,960 | 5.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $6,956 | 6.46% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 4.33% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $13,918 | 5.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 4.89% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 4.30% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 6.99% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $7,162 | 3.69% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 4.70% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $12,089 | 4.76% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,668 | 4.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,099 | 6.93% |
| Edwards, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.58% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.07% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $9,371 | 4.48% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.85% |
| SALEM, OR (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 4.71% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.80% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,895 | 5.50% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.82% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,297 | 4.75% |
| Auburn, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,246 | 4.18% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,338 | 4.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,435 | 3.38% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.95% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.96% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.70% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.96% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.78% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,320 | 5.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,015 | 4.50% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.25% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.46% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,205 | 4.63% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.76% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,109 | 4.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.51% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.70% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.47% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.48% |
| DOVER, DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.68% |
| Fernley, NV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.75% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.46% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.41% |
| OCALA, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,242 | 4.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.39% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,132 | 5.13% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.71% |
Similar Lenders
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Product Mix
For 2019, Nationwide Equities Corporation's most frequently originated type of loan was FHA, with 243 originations. Their 2nd most popular type was Conventional, with 118 originations.
Loan Reason
For 2019, Nationwide Equities Corporation's most frequently cited loan purpose was Cash Out Refi, with 196 originations. The 2nd most popular reason was Refi, with 171 originations.
Loan Duration/Length
For 2019, Nationwide Equities Corporation's most frequently cited loan duration was Other, with 316 originations. The 2nd most popular length was 30 Year, with 187 originations.
Origination Fees/Closing Costs
Nationwide Equities Corporation's average total fees were $9,685, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 65 originations.
Interest Rates
During 2019, Nationwide Equities Corporation's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 4-5%, with 228 originations.
Loan Sizing
2019 saw Nationwide Equities Corporation place emphasis on $200k-400k loans with 197 originations, totaling $57,195,000 in origination value.
Applicant Income
Nationwide Equities Corporation lent most frequently to those with incomes in the $50k or less range, with 298 originations. The second most popular income band? $100k-150k, with 57 originations.
Applicant Debt to Income Ratio
Nationwide Equities Corporation lent most frequently to those with DTI ratios of 50-60%, with 26 originations. The next most common DTI ratio? 30-36%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.05%
Nationwide Equities Corporation has an average approval rate.
Pick Rate
Approvals leading to origination49.41%
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 | 506 | $196,060,000 | $387,470 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 8 | $860,000 | $107,500 |
| Single Family (1-4 Units):Site-Built | 498 | $195,200,000 | $391,968 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NATIONWIDE EQUITIES CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |