Applications / Mortgage Analytics / Lenders / Pennsylvania / Federated Mortgage
Pittsburgh, PA · Independent non-bank lender · CFPB · 356 loans in 2025
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356
loans originated, 2025
356
applications, 2025
11
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Federated Mortgage, a Pittsburgh non-bank lender, makes mostly conventional purchase loans and is reaching beyond its home city, though its volume slipped in 2025.
Home purchases made up 64.9% of its loans and refinances most of the rest. Conventional loans were 91.6% of its lending, against 73.6% for similar lenders, independent non-bank lenders making between half and twice as many loans. Loans insured by the Federal Housing Administration (FHA) were only 6.2%, against 17.6%.
It first reported in 2020, with 25 loans. A year later it made 1,275. Since 2023 it has settled between 338 and 394 a year. In 2025 its loans fell 10%, while similar lenders grew 1% at the middle of the group and the whole market grew 10%.
Pittsburgh is its largest market. There it ranked 50 of 571 lenders, but its share fell from 0.6% to 0.4%. PNC Bank led. Its own fall in loans may account for much of that; competitors gaining is another possibility. In 2025 it entered new markets in Winchester, Charleston and Myrtle Beach.
Borrowers with low or moderate incomes (LMI) took 25.1% of its loans, against 22.4% for similar lenders, a higher share than about three in five of them. That share rose from 21.2% a year earlier.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2020–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Federated Mortgage took 356 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 64.9% · Refinance 34.6% · Home improvement 0.6%
Conventional 91.6% · FHA 6.2% · VA 2.0% · USDA (RHS or FSA) 0.3% · of 356 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Pennsylvania | 192 | 53.9% |
| Maryland | 83 | 23.3% |
| Virginia | 31 | 8.7% |
| California | 11 | 3.1% |
| New Jersey | 9 | 2.5% |
| Texas | 8 | 2.2% |
| North Carolina | 7 | 2.0% |
| Florida | 6 | 1.7% |
| Georgia | 4 | 1.1% |
| Tennessee | 3 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Pittsburgh | 176 |
| Baltimore-Columbia-Towson | 47 |
| Frederick-Gaithersburg-Bethesda | 33 |
| Arlington-Alexandria-Reston | 23 |
| Montgomery County-Bucks County-Chester County | 6 |
| Newark | 5 |
| Dallas-Plano-Irving | 4 |
| Richmond | 4 |
| Allentown-Bethlehem-Easton | 3 |
| Lakewood-New Brunswick | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493009RSCJ6Y7LUWJ31 | 2020–2025 |
Established 29 March 2002. Reported under HMDA 2020-2025.
Mergers, name changes, data editions and corrections: Federated Mortgage's data.
Federated Mortgage's data
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