Fidelity Direct Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
67th6.0% deniedPricingmedian rate spread over APOR, weight 30%
34th0.41 ptsProcesswithdrawn + incomplete share, weight 15%
52nd11.2%Closing coststotal loan costs ÷ loan amount, weight 10%
25th2.73% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 831 | 624 | 8.9% | 10.5% | 6.88% | $212M |
| 2024 | 1,003 | 786 | 6.2% | 7.2% | 6.75% | $295M |
| 2025 | 1,109 | 897 | 5.3% | 6.0% | 6.63% | $341M |
What Fidelity Direct Mortgage lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 156 investment properties.
Why Fidelity Direct Mortgage denies applications
Primary reason reported for each of the 59 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Fidelity Direct Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 58 | 45 | 8.0% |
| $50k – $100k | 362 | 285 | 7.5% |
| $100k – $150k | 272 | 233 | 3.6% |
| $150k – $250k | 200 | 163 | 5.0% |
| Over $250k | 120 | 96 | 5.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 54 | 45 | 4.3% |
| 25–34 | 242 | 187 | 7.6% |
| 35–44 | 310 | 254 | 5.0% |
| 45–54 | 269 | 223 | 6.5% |
| 55–64 | 150 | 124 | 6.0% |
| 65–74 | 62 | 46 | 5.9% |
| Over 74 | 22 | 18 | 0.0% |
Where Fidelity Direct Mortgage lends
11 states and 150 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maryland | 604 | 496 | 3.8% | 6.63% | #74 |
| Virginia | 222 | 182 | 7.7% | 6.50% | #196 |
| North Carolina | 113 | 91 | 4.4% | 6.88% | #304 |
| Florida | 68 | 48 | 11.8% | 6.93% | #553 |
| Pennsylvania | 36 | 26 | 8.3% | 6.75% | #524 |
| District of Columbia | 18 | 15 | 0.0% | 6.50% | #131 |
| Delaware | 17 | 14 | 11.8% | 6.56% | #193 |
| New Jersey | 10 | 9 | 0.0% | 5.63% | #532 |
| West Virginia | 8 | 7 | 12.5% | 6.50% | #271 |
| Ohio | 7 | 5 | 0.0% | 6.75% | #651 |
| South Carolina | 6 | 4 | 0.0% | 6.75% | #617 |
Frequently asked questions
Fidelity Direct Mortgage denied 6.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 67th percentile of small mortgage lenders.
The most common reason Fidelity Direct Mortgage gave in 2025 was "collateral", cited on 33.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Fidelity Direct Mortgage originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.41 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 77% of its applications were for home purchases, 23% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 59% conventional, 35% FHA, 6% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.