Nationwide Equities Corporation Mortgage Rates, Fees & Info

MAHWAH, NJ

LEI: 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, San Francisco, San Jose, and Seattle among others. We have data for 79 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 an average 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.77% 11/17/24
30 Year Conventional Refi 6.67% 11/17/24
30 Year Cash-out Refi 7.05% 11/17/24
30 Year FHA Purchase 7.33% 11/17/24
15 Year Conventional Purchase 5.87% 11/17/24
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

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

705

Origination Dollar Volume (All Markets)

$311,955,000

Awards

NATIONWIDE EQUITIES CORPORATION 30 Year Conventional Loans bronze NATIONWIDE EQUITIES CORPORATION 30 Year Conventional Loans bronze
Show all (2) awards

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) 283 $129,395,000 $457,226 $7,250 3.66%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 75 $57,395,000 $765,267 $0 5.31%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 24 $14,030,000 $584,583 $0 5.30%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 14 $10,880,000 $777,143 $0 6.05%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 30 $9,650,000 $321,667 $0 3.40%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 13 $8,225,000 $632,692 $0 5.02%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 16 $6,890,000 $430,625 $15,087 3.74%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 18 $6,120,000 $340,000 $8,029 3.83%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 20 $5,480,000 $274,000 $4,745 3.19%
Key West, FL (FHA|USDA|VA) 4 $4,920,000 $1,230,000 $0 5.95%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 16 $4,700,000 $293,750 $0 3.49%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 17 $4,435,000 $260,882 $0 3.53%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 15 $3,875,000 $258,333 $0 3.47%
SALISBURY, MD-DE (FHA|USDA|VA) 11 $3,385,000 $307,727 $8,431 3.19%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $3,275,000 $251,923 $9,224 3.03%
SALINAS, CA (FHA|USDA|VA) 3 $2,955,000 $985,000 $0 5.72%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $2,780,000 $347,500 $0 3.95%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 10 $2,420,000 $242,000 $0 3.43%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $1,950,000 $243,750 $9,704 3.67%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $1,460,000 $730,000 $0 4.36%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,440,000 $360,000 $0 3.93%
Outside of Metro Areas 5 $1,425,000 $285,000 $2,749 3.65%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,390,000 $695,000 $0 4.57%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,310,000 $327,500 $0 5.17%
GREELEY, CO (FHA|USDA|VA) 4 $1,300,000 $325,000 $0 3.64%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 6 $1,240,000 $206,667 $0 3.36%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $1,165,000 $233,000 $0 3.11%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,150,000 $575,000 $0 4.79%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 6 $980,000 $163,333 $5,647 3.42%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $970,000 $242,500 $0 3.28%
VALLEJO, CA (FHA|USDA|VA) 2 $740,000 $370,000 $0 4.88%
RICHMOND, VA (FHA|USDA|VA) 1 $715,000 $715,000 $0 6.99%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $685,000 $685,000 $0 6.99%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $685,000 $228,333 $8,437 3.18%
SALEM, OR (FHA|USDA|VA) 3 $665,000 $221,667 $0 2.75%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $640,000 $320,000 $2,904 2.77%
Breckenridge, CO (FHA|USDA|VA) 1 $585,000 $585,000 $0 6.65%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $575,000 $191,667 $8,052 3.14%
STOCKTON, CA (FHA|USDA|VA) 2 $560,000 $280,000 $0 3.02%
KINGSTON, NY (FHA|USDA|VA) 2 $520,000 $260,000 $6,138 3.19%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $495,000 $495,000 $0 3.68%
Ukiah, CA (FHA|USDA|VA) 1 $485,000 $485,000 $0 2.84%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $475,000 $475,000 $0 6.99%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $440,000 $220,000 $0 3.24%
Centralia, WA (FHA|USDA|VA) 2 $320,000 $160,000 $0 2.96%
PITTSBURGH, PA (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.42%
Granbury, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 2.61%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $270,000 $135,000 $0 3.39%
BELLINGHAM, WA (FHA|USDA|VA) 1 $265,000 $265,000 $0 3.44%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $265,000 $265,000 $3,981 2.63%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $265,000 $265,000 $5,367 2.38%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.88%
CHICO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.70%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $255,000 $255,000 $5,420 2.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $250,000 $125,000 $0 3.75%
Brenham, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.97%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $235,000 $235,000 $0 2.66%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.22%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.94%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.84%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.34%
REDDING, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.43%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $185,000 $185,000 $4,870 3.88%
ELMIRA, NY (FHA|USDA|VA) 1 $175,000 $175,000 $7,447 4.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.19%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.10%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.23%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $175,000 $175,000 $3,536 3.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $5,594 4.25%
FORT COLLINS, CO (FHA|USDA|VA) 1 $165,000 $165,000 $0 2.71%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.38%
MODESTO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.26%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,156 2.50%
ASHEVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.36%
Ellensburg, WA (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.18%
Fort Morgan, CO (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.09%
ROANOKE, VA (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.18%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.70%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.44%
Nationwide Equities Corporation's top markets include New York, Los Angeles, San Francisco, San Jose, and Seattle among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 319 $90,395,000 $283,370 $0 3.19%
    Conventional 194 $73,320,000 $377,938 $5,749 3.07%
    Reverse Mortgage 149 $127,745,000 $857,349 $0 6.66%
    FHA 29 $11,375,000 $392,241 $14,373 3.47%
    HELOC 8 $6,280,000 $785,000 n/a 5.41%
    VA 5 $2,085,000 $417,000 $13,522 3.55%
    HELOC 1 $755,000 $755,000 n/a 3.13%

    For 2020, Nationwide Equities Corporation's most frequently originated type of loan was FHA, with 319 originations. Their 2nd most popular type was Conventional, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 378 $131,680,000 $348,360 $5,369 3.29%
    Cash Out Refi 215 $134,595,000 $626,023 $7,220 5.15%
    Home Purchase 97 $35,095,000 $361,804 $8,594 3.43%
    Other 14 $10,060,000 $718,571 $0 5.71%
    Home Improvement 1 $525,000 $525,000 $0 6.99%

    For 2020, Nationwide Equities Corporation's most frequently cited loan purpose was Refi, with 378 originations. The 2nd most popular reason was Cash Out Refi, with 215 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 479 $226,085,000 $471,994 $4,878 4.30%
    30 Year 208 $79,730,000 $383,317 $7,336 3.19%
    15 Year 10 $3,500,000 $350,000 $3,686 2.33%
    20 Year 5 $1,815,000 $363,000 $4,783 2.93%
    10 Year 3 $825,000 $275,000 $3,393 2.46%

    For 2020, Nationwide Equities Corporation's most frequently cited loan duration was Other, with 479 originations. The 2nd most popular length was 30 Year, with 208 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 117 $43,165,000 $368,932
    $2k-3k 35 $12,005,000 $343,000
    $5k+ 27 $14,915,000 $552,407
    $<1k 26 $7,250,000 $278,846
    $3k-4k 11 $3,525,000 $320,455
    $4k-5k 11 $5,355,000 $486,818

    Nationwide Equities Corporation's average total fees were $7,336, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 117 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 225 $72,245,000 $321,089
    2.5-3% 214 $72,570,000 $339,112
    6-7% 121 $100,765,000 $832,769
    4-5% 59 $20,835,000 $353,136
    <2.5% 50 $16,890,000 $337,800
    5-6% 26 $23,280,000 $895,385
    7-8% 5 $3,995,000 $799,000
    % 4 $1,150,000 $287,500

    During 2020, Nationwide Equities Corporation's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 225 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 290 $85,500,000 $294,828 $6,009 3.26%
    $400k-600k 164 $79,230,000 $483,110 $6,878 3.86%
    $100k-200k 108 $17,430,000 $161,389 $4,947 3.29%
    $600k-1MM 102 $75,920,000 $744,314 $15,279 5.84%
    $1MM+ 33 $53,255,000 $1,613,788 $10,100 6.39%
    $100,000 or less 8 $620,000 $77,500 $3,362 3.41%

    2020 saw Nationwide Equities Corporation place emphasis on $200k-400k loans with 290 originations, totaling $85,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 425 $180,735,000 $425,259 $6,655 4.19%
    $50k-75k 92 $43,550,000 $473,370 $5,651 3.96%
    $100k-150k 56 $24,470,000 $436,964 $9,143 3.34%
    $75k-100k 56 $19,310,000 $344,821 $7,475 3.44%
    $150k-250k 50 $29,190,000 $583,800 $6,527 3.19%
    $250k+ 26 $14,700,000 $565,385 $5,235 3.24%

    Nationwide Equities Corporation lent most frequently to those with incomes in the $50k or less range, with 425 originations. The second most popular income band? $50k-75k, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 38 $14,270,000 $375,526 $5,947 2.90%
    30-36% 30 $10,130,000 $337,667 $4,748 3.21%
    44% 20 $8,170,000 $408,500 $6,922 3.06%
    50-60% 17 $6,665,000 $392,059 $13,707 3.42%
    41% 14 $5,840,000 $417,143 $7,770 3.10%
    49% 14 $4,700,000 $335,714 $7,714 3.23%
    38% 11 $3,745,000 $340,455 $6,910 3.34%
    48% 11 $3,935,000 $357,727 $6,010 3.45%
    42% 11 $4,475,000 $406,818 $6,521 3.20%
    46% 9 $3,065,000 $340,556 $6,880 3.14%
    45% 9 $4,315,000 $479,444 $6,243 3.00%
    <20% 8 $3,070,000 $383,750 $3,772 2.72%
    39% 8 $3,360,000 $420,000 $7,440 3.14%
    47% 8 $2,220,000 $277,500 $6,155 2.98%
    40% 6 $2,780,000 $463,333 $6,946 3.52%
    43% 6 $1,900,000 $316,667 $3,594 2.90%
    37% 3 $1,525,000 $508,333 $10,844 3.25%
    36% 2 $1,190,000 $595,000 $5,636 3.06%
    >60% 1 $885,000 $885,000 $28,985 3.13%

    Nationwide Equities Corporation lent most frequently to those with DTI ratios of 20-30%, with 38 originations. The next most common DTI ratio? 30-36%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 503 $222,455,000 $442,256 $5,655 3.92%
    Black 119 $49,755,000 $418,109 $9,068 4.15%
    Not provided 61 $29,115,000 $477,295 $10,904 3.58%
    Asian 20 $9,860,000 $493,000 $10,004 3.97%
    Native Hawaiian or Islander 1 $595,000 $595,000 $0 6.99%
    Not applicable 1 $175,000 $175,000 $0 2.73%

    Approval Rates

    Total approvals of all applications
    92.90%

    Nationwide Equities Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.01%

    Nationwide Equities Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 705 $311,955,000 $442,489

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $1,540,000 $192,500
    Single Family (1-4 Units):Site-Built 697 $310,415,000 $445,359

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $17,825,000 $540,152 $3,977 4.16%
    40-60% 338 $161,480,000 $477,751 $5,640 4.45%
    60-80% 248 $99,750,000 $402,218 $6,034 3.38%
    80-100% 84 $31,510,000 $375,119 $8,624 3.39%
    Over 100% 2 $1,390,000 $695,000 $26,734 3.63%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Nationwide Title Clearing, Inc. Other type of mortgage Trouble during payment process 1 100.0%