# FIRST EQUITY MORTGAGE BANKERS, INC.

> **Canonical URL:** https://saferate.com/lenders/first-equity-mortgage-bankers

> **📋 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 😀
- 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

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 61/100 | 227 | +0.836% | $4,479 | Strong 😀 |
| FHA | 75/100 | 205 | +0.995% | $3,800 | Strong 😀 |
| VA | 64/100 | 19 | +0.176% | $4,327 | Strong 😀 |
| Jumbo | 65/100 | 23 | +0.251% | $2,058 | Strong 😀 |
| USDA | 76/100 | 22 | +0.124% | $3,383 | Strong 😀 |

### 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 😀 |
| 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 |

## 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.

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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:** 2026-05-29
**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

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