What loan types does NEW FED MORTGAGE, CORP. offer?

NEW FED MORTGAGE, CORP. offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing score and performance metrics.

Where does NEW FED MORTGAGE, CORP. offer mortgages?

NEW FED MORTGAGE, CORP. offers mortgages in 16 states: CT, DE, FL, IL, MA, MD, ME, NC, NH, NJ, OK, PA, RI, SC, TX, VA.

How competitive are NEW FED MORTGAGE, CORP.'s mortgage rates?

NEW FED MORTGAGE, CORP. has an overall pricing score of 30.2/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is NEW FED MORTGAGE, CORP.?

NEW FED MORTGAGE, CORP. is a Independent Mortgage Company headquartered in DANVERS, MA.

Unclaimed

New Fed Mortgage, Corp.

Independent Mortgage Company•DANVERS, MA•Direct to Consumer

We analyzed every closed loan from New Fed Mortgage — 843 loans across 1k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Acceptable

vs. all lenders

Pull Through

Strong

closing strength

Products

Strong

FHA · Conventional · VA

Place

Sound

Multi-Region · 16 mkts

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Safe Rate's Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA loans

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

New Fed Mortgage, Corp. performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Acceptable	Near industry average +38.1 bps above market avg
Pull Through Closing strength	Strong	Highly Competitive Top 40% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
FHA	Strong	Highly Competitive Top 40% of lenders
VA	Strong	Highly Competitive Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Strong	Highly Competitive Top 40% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Multi-Regional17 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Strong	Acceptable	Strong	585	69.4%	+0.367%Above	$2,883Fees
FHA Loans	Sound	Strong	Acceptable	Exceptional	213	25.3%	+0.555%Above	$3,235Fees
VA Loans	Sound	Strong	Acceptable	Exceptional	39	4.6%	-0.315%Below	$3,411Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Acceptable	Strong	717	85.1%	+0.409%Above	$3,125Fees
Refinance	Sound	Strong	Acceptable	Strong	126	14.9%	+0.232%Above	$2,201Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

843

Applications

1,017

Volume

$340 million

Pricing & Closing

Avg Rate Spread

+0.381%

vs. market APOR

Avg Net Fees

$2,980

Origination − Credits

Pullthrough Rate

82.9%

Applications → Closed

Typical Borrower

Avg Loan Amount

$403,837

Avg Borrower Income

$155,673

Avg Property Value

$520,658

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

CTDEFLILMAMDMENCNHNJOKPARISCTXVA

Top Metro Areas by Place Specialization Score

College Station, TXMSA

Volume: 64Mix: 7.59%of portfolio

Place

Exceptional

Cambridge, MAMSA

Volume: 217Mix: 25.74%of portfolio

Place

Strong

Boston, MA, MAMSA

Volume: 106Mix: 12.57%of portfolio

Place

Strong

Rockingham County, NHMSA

Volume: 44Mix: 5.22%of portfolio

Place

Strong

Manchester, NHMSA

Volume: 26Mix: 3.08%of portfolio

Place

Sound

Worcester, MA, MAMSA

Volume: 27Mix: 3.20%of portfolio

Place

Sound

San Antonio, TXMSA

Volume: 42Mix: 4.98%of portfolio

Place

Sound

Oklahoma City, OK, OKMSA

Volume: 30Mix: 3.56%of portfolio

Place

Sound

Wilmington, DEMSA

Volume: 22Mix: 2.61%of portfolio

Place

Sound

Greenville, SCMSA

Volume: 19Mix: 2.25%of portfolio

Place

Sound

Showing 10 of 16 metro areas

Top States by Place Specialization Score

MAState

Volume: 379Mix: 44.96%of portfolio

Place

Strong

NHState

Volume: 78Mix: 9.25%of portfolio

Place

Strong

TXState

Volume: 175Mix: 20.76%of portfolio

Place

Strong

OKState

Volume: 65Mix: 7.71%of portfolio

Place

Strong

DEState

Volume: 33Mix: 3.91%of portfolio

Place

Sound

SCState

Volume: 22Mix: 2.61%of portfolio

Place

Sound

FLState

Volume: 27Mix: 3.20%of portfolio

Place

Sound

NCState

Volume: 18Mix: 2.14%of portfolio

Place

Sound

NJState

Volume: 14Mix: 1.66%of portfolio

Place

Sound

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.