# FIRST EQUITY MORTGAGE BANKERS, INC. > **Canonical URL:** https://saferate.com/lenders/first-equity-mortgage-bankers > **πŸ“‹ 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 FIRST EQUITY MORTGAGE BANKERS, INC. is a independent mortgage company, headquartered in MIAMI, FL, with 496 loans originated in the most recent reporting period. **At a Glance:** - **Pricing:** Ranks in the top 90% of lenders for competitive rates - **Approval Rate:** Ranks in the top 36% for loan approval success ## Overview - **Institution Type:** Independent Mortgage Company - **LEI (Legal Entity Identifier):** 5493004LAP3ULXM1YB66 - **Headquarters:** MIAMI, FL - **Geographic Reach:** Single State - **States Served:** 1 - **State List:** FL - **Markets (MSAs):** 8 - **Primary Channel:** Direct to Consumer - **Direct Origination:** 100% - **Brokered/Wholesale:** 0% ## Safe Rate Ratings ### Pricing: Mediocre 😐 - Score: 10/100 - Rating: ●○○○○ (1/5) ### Pull Through: Strong πŸ˜€ - Score: 64/100 - Rating: ●●●●○ (4/5) ### Pricing Details - **Average Rate Spread:** +0.825% - *(Average of lender's APR minus market average APR)* - **Average Net Fees:** $3,960 - *(Borrower paid Origination Charges minus Lender Credits)* ### Lending Volume - **Total Loans:** 496 - **Dollar Volume:** $139 million - **Applications Received:** 902 - **Market Share:** 1.00% ## Typical Borrower Profile - **Average Loan Amount:** $279,556 - **Average Borrower Income:** $138,865 - **Average Property Value:** $371,774 ## Performance by Loan Product | Product | Score | Volume | Avg Spread | Avg Fees | Rating | |---------|-------|--------|------------|----------|--------| | Conventional | 61/100 | 227 | +0.836% | $4,479 | Strong πŸ˜€ | | FHA | 75/100 | 205 | +0.995% | $3,800 | Strong πŸ˜€ | | VA | 64/100 | 19 | +0.176% | $4,327 | Strong πŸ˜€ | | Jumbo | 65/100 | 23 | +0.251% | $2,058 | Strong πŸ˜€ | | USDA | 76/100 | 22 | +0.124% | $3,383 | Strong πŸ˜€ | ### Product Performance by Purpose **Conventional:** - Purchase: 200 loans, Score: 60/100 (Sound) - Refinance: 27 loans, Score: 49/100 (Sound) **FHA:** - Purchase: 201 loans, Score: 75/100 (Strong) **Jumbo:** - Purchase: 21 loans, Score: 67/100 (Strong) **USDA:** - Purchase: 22 loans, Score: 75/100 (Strong) ## Performance by Loan Purpose | Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating | |---------|-------|--------|---------------|------------|--------| | Purchase | 69/100 | 463 | $128M | +0.839% | Strong πŸ˜€ | | Refinance | 50/100 | 33 | $11M | +0.600% | Sound ☺️ | ## State Performance | State | Volume | Market Share | Place Score | |-------|--------|--------------|-------------| | FL | 122 | 0.04% | 61/100 | ## Top Metro Markets (MSAs) | Market | State | Volume | Place Score | |--------|-------|--------|-------------| | San Juan | PR | 300 | 83/100 | | Miami | FL | 54 | 63/100 | | Ponce, PR | PR | 27 | 65/100 | | Tampa, FL | FL | 22 | 50/100 | | Aguadilla, PR | PR | 14 | 49/100 | | West Palm Beach | FL | 14 | 47/100 | | Non | | 13 | 23/100 | | Mayaguez, PR | PR | 12 | 46/100 | ## Where This Lender Ranks FIRST EQUITY MORTGAGE BANKERS, INC. appears in the following market rankings: ### Best Overall Mortgage Lenders - πŸ₯ˆ **#2** in San Juan for Jumbo Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/mortgage-companies/jumbo-loans) - πŸ₯‰ **#3** in Ponce, PR Mortgage Companies - [View Full Rankings](https://saferate.com/ponce-pr/best-mortgage-lenders/mortgage-companies) - πŸ† **#4** in Ponce, PR for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/ponce-pr/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#4** in Aguadilla, PR for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#4** in Mayaguez, PR for Conventional Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/mayaguez-pr/best-mortgage-lenders/mortgage-companies/conventional-loans) - πŸ† **#4** in Mayaguez, PR for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/mayaguez-pr/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#5** in San Juan for Jumbo Loans - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/jumbo-loans) - πŸ† **#6** in San Juan for Conventional Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/mortgage-companies/conventional-loans) - πŸ† **#6** in Ponce, PR - [View Full Rankings](https://saferate.com/ponce-pr/best-mortgage-lenders) - πŸ† **#6** in Aguadilla, PR for Conventional Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/mortgage-companies/conventional-loans) - πŸ† **#7** in Ponce, PR for FHA Loans - [View Full Rankings](https://saferate.com/ponce-pr/best-mortgage-lenders/fha-loans) - πŸ† **#7** in Aguadilla, PR for FHA Loans - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/fha-loans) - πŸ† **#7** in Mayaguez, PR for Conventional Loans - [View Full Rankings](https://saferate.com/mayaguez-pr/best-mortgage-lenders/conventional-loans) - πŸ† **#7** in Mayaguez, PR for FHA Loans - [View Full Rankings](https://saferate.com/mayaguez-pr/best-mortgage-lenders/fha-loans) - πŸ† **#9** in San Juan for VA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/mortgage-companies/va-loans) - πŸ† **#10** in San Juan for Conventional Loans - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/conventional-loans) - πŸ† **#10** in Aguadilla, PR for Conventional Loans - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/conventional-loans) - πŸ† **#12** in San Juan Mortgage Companies - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/mortgage-companies) - πŸ† **#12** in San Juan for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#13** in San Juan for VA Loans - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/va-loans) ## Frequently Asked Questions ### What loan types does FIRST EQUITY MORTGAGE BANKERS, INC. offer? FIRST EQUITY MORTGAGE BANKERS, INC. offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis. ### Where does FIRST EQUITY MORTGAGE BANKERS, INC. offer mortgages? FIRST EQUITY MORTGAGE BANKERS, INC. offers mortgages in 1 states: FL. ### How competitive are FIRST EQUITY MORTGAGE BANKERS, INC.'s mortgage rates? FIRST EQUITY MORTGAGE BANKERS, INC. has a pricing score of 10/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks. Their average rate spread is 0.825% above market average. ### What type of lender is FIRST EQUITY MORTGAGE BANKERS, INC.? FIRST EQUITY MORTGAGE BANKERS, INC. is a non-depository lender that specializes in mortgage origination, headquartered in MIAMI, FL. ### What is FIRST EQUITY MORTGAGE BANKERS, INC.'s loan approval success rate? FIRST EQUITY MORTGAGE BANKERS, INC. has a pull-through score of 64/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process. --- ## 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/first-equity-mortgage-bankers ### How to Cite > "FIRST EQUITY MORTGAGE BANKERS, INC. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-equity-mortgage-bankers --- **[View Interactive Profile β†’](https://saferate.com/lenders/first-equity-mortgage-bankers)**