Intercredit Bank Mortgage Rates, Fees & Info
Miami, FLLEI: 254900DON8SDKGYIL122
Tax ID: 59-2398789
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Intercredit Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Intercredit Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Houston, New York, Key West, and Orlando among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Intercredit Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
100Origination Dollar Volume (All Markets)
$65,780,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 83 | $55,495,000 | $668,614 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $2,380,000 | $595,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,695,000 | $1,695,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 100 | $65,780,000 | $657,800 | $0 | 0.00% |
For 2022, Intercredit Bank's most frequently originated type of loan was Conventional, with 100 originations.
Loan Reason
For 2022, Intercredit Bank's most frequently cited loan purpose was Cash Out Refi, with 47 originations. The 2nd most popular reason was Home Purchase, with 44 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 100 | $65,780,000 | $657,800 | $0 | 0.00% |
For 2022, Intercredit Bank's most frequently cited loan duration was Other, with 100 originations.
Loan Sizing
2022 saw Intercredit Bank place emphasis on $200k-400k loans with 39 originations, totaling $11,915,000 in origination value.
Applicant Income
Intercredit Bank lent most frequently to those with incomes in the $250k+ range, with 40 originations. The second most popular income band? $150k-250k, with 31 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 100 | $65,780,000 | $657,800 | $0 | 0.00% |
Intercredit Bank lent most frequently to those with DTI ratios of Exempt%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.62%
Intercredit Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.00%
Intercredit Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 100 | $65,780,000 | $657,800 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INTERCONTINENTAL CAPITAL GROUP | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |