# DEVELOPER'S MORTGAGE COMPANY

> **Canonical URL:** https://saferate.com/lenders/developers-mortgage


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


DEVELOPER'S MORTGAGE COMPANY is a independent mortgage company, headquartered in COLUMBUS, OH, serving borrowers across 14 states, with 560 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 69% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 57% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 5493002JA8HUVL2CRT33
- **Headquarters:** COLUMBUS, OH
- **Geographic Reach:** Multi-Region
- **States Served:** 14
- **State List:** CT, FL, GA, IL, IN, NC, NJ, NY, OH, OK, PA, SC, TX, WV
- **Markets (MSAs):** 17
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 31/100
- Rating: ●●○○○ (2/5)

### Pull Through: Sound ☺️
- Score: 43/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.433%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,867
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 560
- **Dollar Volume:** $185 million
- **Applications Received:** 843
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $330,143
- **Average Borrower Income:** $180,361
- **Average Property Value:** $433,018

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 65/100 | 400 | +0.394% | $2,972 | Strong 😀 |
| FHA | 64/100 | 107 | +0.669% | $2,550 | Strong 😀 |
| VA | 43/100 | 28 | +0.140% | $2,827 | Sound ☺️ |
| USDA | 75/100 | 22 | +0.170% | $351 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 371 loans, Score: 66/100 (Strong)
- Refinance: 29 loans, Score: 36/100 (Acceptable)

**FHA:**
- Purchase: 98 loans, Score: 63/100 (Strong)

**VA:**
- Purchase: 27 loans, Score: 43/100 (Sound)

**USDA:**
- Purchase: 22 loans, Score: 75/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 70/100 | 521 | $175M | +0.438% | Strong 😀 |
| Refinance | 36/100 | 39 | $9M | +0.377% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OH | 129 | 0.10% | 65/100 |
| NJ | 98 | 0.11% | 66/100 |
| PA | 97 | 0.08% | 64/100 |
| TX | 56 | 0.02% | 52/100 |
| OK | 44 | 0.11% | 57/100 |
| IL | 33 | 0.03% | 51/100 |
| FL | 32 | 0.01% | 46/100 |
| NY | 24 | 0.02% | 48/100 |
| WV | 23 | 0.15% | 53/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Columbus, OH | OH | 63 | 65/100 |
| Wheeling, WV | WV-OH | 40 | 73/100 |
| Montgomery County | PA | 39 | 61/100 |
| Austin | TX | 38 | 58/100 |
| Tulsa, OK | OK | 34 | 56/100 |
| Non |  | 33 | 36/100 |
| Philadelphia, PA | PA | 32 | 58/100 |
| Newark, NJ | NJ | 27 | 55/100 |
| New York | NY-NJ | 22 | 49/100 |
| Chicago | IL | 21 | 47/100 |
| Orlando | FL | 19 | 48/100 |
| Nassau County | NY | 18 | 48/100 |
| Camden, NJ | NJ | 16 | 48/100 |
| Lakewood | NJ | 16 | 46/100 |
| Pittsburgh, PA | PA | 14 | 45/100 |

## Where This Lender Ranks

DEVELOPER'S MORTGAGE COMPANY appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Wheeling, WV for USDA Loans
  - [View Full Rankings](https://saferate.com/wheeling-wv/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Wheeling, WV for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/wheeling-wv/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🏆 **#5** in Wheeling, WV for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/wheeling-wv/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#5** in Weirton for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/weirton/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#7** in Wheeling, WV Mortgage Companies
  - [View Full Rankings](https://saferate.com/wheeling-wv/best-mortgage-lenders/mortgage-companies)
- 🏆 **#7** in Wheeling, WV for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/wheeling-wv/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#11** in Wheeling, WV for FHA Loans
  - [View Full Rankings](https://saferate.com/wheeling-wv/best-mortgage-lenders/fha-loans)
- 🏆 **#11** in Weirton for Conventional Loans
  - [View Full Rankings](https://saferate.com/weirton/best-mortgage-lenders/conventional-loans)
- 🏆 **#12** in Wheeling, WV
  - [View Full Rankings](https://saferate.com/wheeling-wv/best-mortgage-lenders)
- 🏆 **#12** in Wheeling, WV for Conventional Loans
  - [View Full Rankings](https://saferate.com/wheeling-wv/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does DEVELOPER'S MORTGAGE COMPANY offer?

DEVELOPER'S MORTGAGE COMPANY offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does DEVELOPER'S MORTGAGE COMPANY offer mortgages?

DEVELOPER'S MORTGAGE COMPANY offers mortgages in 14 states: CT, FL, GA, IL, IN, NC, NJ, NY, OH, OK, PA, SC, TX, WV.

### How competitive are DEVELOPER'S MORTGAGE COMPANY's mortgage rates?

DEVELOPER'S MORTGAGE COMPANY has a pricing score of 31/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.433% above market average.

### What type of lender is DEVELOPER'S MORTGAGE COMPANY?

DEVELOPER'S MORTGAGE COMPANY is a non-depository lender that specializes in mortgage origination, headquartered in COLUMBUS, OH.

### What is DEVELOPER'S MORTGAGE COMPANY's loan approval success rate?

DEVELOPER'S MORTGAGE COMPANY has a pull-through score of 43/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/developers-mortgage

### How to Cite

> "DEVELOPER'S MORTGAGE COMPANY Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/developers-mortgage

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