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.) 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 84 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.77% | 4/18/24 |
| 30 Year Conventional Refi | 6.67% | 4/18/24 |
| 30 Year Cash-out Refi | 7.05% | 4/18/24 |
| 30 Year FHA Purchase | 7.33% | 4/18/24 |
| 15 Year Conventional Purchase | 5.87% | 4/18/24 |
| 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
889Origination Dollar Volume (All Markets)
$611,035,000Awards
NATIONWIDE EQUITIES CORPORATION - 2021
NATIONWIDE EQUITIES CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 305 | $175,075,000 | $574,016 | $6,655 | 4.40% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 122 | $127,920,000 | $1,048,525 | $0 | 5.62% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 70 | $84,100,000 | $1,201,429 | $0 | 5.93% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 35 | $34,555,000 | $987,286 | $0 | 5.78% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 41 | $24,875,000 | $606,707 | $3,541 | 4.81% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 23 | $23,825,000 | $1,035,870 | $0 | 5.51% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 29 | $18,125,000 | $625,000 | $6,279 | 4.66% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 24 | $14,540,000 | $605,833 | $8,845 | 4.11% |
| SALINAS, CA (FHA|USDA|VA) | 5 | $8,685,000 | $1,737,000 | $0 | 6.57% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 27 | $8,245,000 | $305,370 | $5,676 | 3.15% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $7,580,000 | $1,263,333 | $0 | 4.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 17 | $6,455,000 | $379,706 | $0 | 3.46% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $6,280,000 | $523,333 | $4,623 | 3.20% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $5,560,000 | $1,390,000 | $0 | 4.93% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $4,265,000 | $1,421,667 | $0 | 4.43% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $4,020,000 | $502,500 | $0 | 4.93% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 11 | $3,655,000 | $332,273 | $0 | 3.24% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $3,555,000 | $711,000 | $0 | 5.81% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $3,225,000 | $1,075,000 | $0 | 6.29% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 13 | $3,135,000 | $241,154 | $0 | 2.52% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $2,280,000 | $1,140,000 | $0 | 5.64% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 8 | $2,150,000 | $268,750 | $6,217 | 2.89% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $2,025,000 | $405,000 | $0 | 4.44% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $2,015,000 | $287,857 | $6,451 | 3.24% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $1,930,000 | $241,250 | $0 | 2.74% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $0 | 2.75% |
| Outside of Metro Areas | 6 | $1,720,000 | $286,667 | $0 | 4.03% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,530,000 | $765,000 | $0 | 5.95% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $0 | 3.65% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $0 | 2.19% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $1,425,000 | $1,425,000 | $6,589 | 3.00% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $0 | 4.90% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $0 | 4.78% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $1,185,000 | $1,185,000 | $0 | 5.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $4,651 | 4.21% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 3.09% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $5,071 | 3.06% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 6.99% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $0 | 2.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 2.54% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 6.99% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 6.99% |
| BEND, OR (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 2.80% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 4.90% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 4.14% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 6.99% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,321 | 3.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 2.83% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 2.81% |
| MERCED, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 2.20% |
| Key West, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 2.82% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 2.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,485 | 2.92% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 2.82% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 2.33% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 2.31% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,386 | 3.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.52% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.57% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.57% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,501 | 2.88% |
| Montrose, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.58% |
| RENO, NV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.66% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 1.82% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 2.40% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.85% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.81% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.47% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.45% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.38% |
| Newport, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.81% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.83% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,432 | 3.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.18% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.81% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.59% |
| CHICO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.99% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.07% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 1.93% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.10% |
| Granbury, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.07% |
| OCALA, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.32% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 2.34% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.57% |
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Product Mix
For 2021, Nationwide Equities Corporation's most frequently originated type of loan was Reverse Mortgage, with 411 originations. Their 2nd most popular type was FHA, with 267 originations.
Loan Reason
For 2021, Nationwide Equities Corporation's most frequently cited loan purpose was Cash Out Refi, with 418 originations. The 2nd most popular reason was Refi, with 323 originations.
Loan Duration/Length
For 2021, Nationwide Equities Corporation's most frequently cited loan duration was Other, with 710 originations. The 2nd most popular length was 30 Year, with 162 originations.
Origination Fees/Closing Costs
Nationwide Equities Corporation's average total fees were $6,687, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 100 originations.
Interest Rates
During 2021, Nationwide Equities Corporation's average interest rate for loans was 2.98%, while their most frequently originated rate bucket for loans was 6-7%, with 277 originations.
Loan Sizing
2021 saw Nationwide Equities Corporation place emphasis on $200k-400k loans with 247 originations, totaling $72,705,000 in origination value.
Applicant Income
Nationwide Equities Corporation lent most frequently to those with incomes in the $50k or less range, with 586 originations. The second most popular income band? $50k-75k, with 99 originations.
Applicant Debt to Income Ratio
Nationwide Equities Corporation lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 34 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.91%
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 origination77.73%
Nationwide Equities Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 889 | $611,035,000 | $687,328 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NATIONWIDE EQUITIES CORP | Reverse mortgage | Closing on a mortgage | 1 | 100.0% |