Icore Lending Mortgage Rates, Fees & Info

NEWPORT COAST, CA

LEI: 254900PBEMOERRZO9E31

Tax ID: 81-3881445

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Icore Lending is a smaller mortgage company specializing in Home Purchase loans. Icore Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, Phoenix, Portland, and Bakersfield among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Icore Lending has an above average approval rate when compared to the average across all lenders. Icore Lending is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    303

    Origination Dollar Volume (All Markets)

    $139,395,000

    Top 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 132 $70,720,000 $535,758 $18,183 5.06%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 104 $43,450,000 $417,788 $14,920 5.13%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 21 $7,485,000 $356,429 $11,973 4.69%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 11 $4,945,000 $449,545 $17,477 6.74%
    BAKERSFIELD, CA (FHA|USDA|VA) 9 $2,775,000 $308,333 $11,873 5.26%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $1,330,000 $665,000 $11,448 4.94%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,040,000 $520,000 $12,291 6.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $965,000 $965,000 $8,276 6.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $915,000 $305,000 $8,109 3.41%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $810,000 $405,000 $14,489 5.56%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $590,000 $295,000 $10,580 5.81%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $10,369 2.88%
    VALLEJO, CA (FHA|USDA|VA) 1 $535,000 $535,000 $11,259 5.99%
    CHICO, CA (FHA|USDA|VA) 1 $495,000 $495,000 $7,623 5.13%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $365,000 $365,000 $13,014 3.99%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $7,161 4.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $325,000 $325,000 $12,991 4.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $315,000 $315,000 $7,810 4.63%
    VISALIA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $12,270 3.25%
    Clearlake, CA (FHA|USDA|VA) 1 $255,000 $255,000 $9,852 3.75%
    FRESNO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $8,836 4.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $11,223 4.88%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $175,000 $175,000 $5,095 6.25%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $145,000 $145,000 $6,112 5.13%
    Payson, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $5,633 3.99%
    Icore Lending's top markets include Los Angeles, Riverside, Phoenix, Portland, and Bakersfield among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against iCore Lending based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    Los Angeles Federal Credit Union
    Similarity Rank: 248
    First Credit Union
    Similarity Rank: 450
    FRONTWAVE
    Similarity Rank: 544
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 648
    LBS FINANCIAL
    Similarity Rank: 707
    First City Credit Union
    Similarity Rank: 720
    VENTURA COUNTY
    Similarity Rank: 882
    AERO Federal Credit Union
    Similarity Rank: 894
    Sterling Bank and Trust, FSB
    Similarity Rank: 920

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 195 $89,555,000 $459,256 $13,970 5.27%
    FHA 93 $41,415,000 $445,323 $19,571 4.86%
    VA 14 $8,140,000 $581,429 $14,105 4.52%
    FHA 1 $285,000 $285,000 $0 4.40%

    For 2022, Icore Lending's most frequently originated type of loan was Conventional, with 195 originations. Their 2nd most popular type was FHA, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 193 $92,825,000 $480,959 $16,692 5.36%
    Cash Out Refi 57 $22,745,000 $399,035 $14,005 4.90%
    Refi 53 $23,825,000 $449,528 $13,884 4.40%

    For 2022, Icore Lending's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 292 $136,400,000 $467,123 $15,949 5.14%
    15 Year 7 $1,555,000 $222,143 $7,634 3.66%
    20 Year 3 $1,155,000 $385,000 $11,694 5.50%
    Other 1 $285,000 $285,000 $0 4.40%

    For 2022, Icore Lending's most frequently cited loan duration was 30 Year, with 292 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 255 $121,875,000 $477,941
    $4k-5k 17 $5,565,000 $327,353
    $2k-3k 15 $6,765,000 $451,000
    $3k-4k 11 $3,605,000 $327,727
    $1k-2k 2 $730,000 $365,000
    $<1k 1 $315,000 $315,000

    Icore Lending's average total fees were $15,949, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 255 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 85 $37,115,000 $436,647
    4-5% 76 $34,810,000 $458,026
    3-4% 67 $27,965,000 $417,388
    6-7% 42 $22,310,000 $531,190
    7-8% 13 $6,245,000 $480,385
    2.5-3% 11 $5,195,000 $472,273
    Over 8% 9 $5,755,000 $639,444

    During 2022, Icore Lending's average interest rate for loans was 5.14%, while their most frequently originated rate bucket for loans was 5-6%, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 118 $37,800,000 $320,339 $12,274 4.99%
    $400k-600k 111 $54,535,000 $491,306 $16,345 5.14%
    $600k-1MM 52 $36,290,000 $697,885 $21,926 5.32%
    $100k-200k 16 $2,610,000 $163,125 $7,401 4.57%
    $1MM+ 6 $8,160,000 $1,360,000 $38,229 6.31%

    2022 saw Icore Lending place emphasis on $200k-400k loans with 118 originations, totaling $37,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 95 $46,365,000 $488,053 $16,650 5.17%
    $75k-100k 60 $25,310,000 $421,833 $14,629 4.68%
    $50k-75k 58 $18,080,000 $311,724 $11,594 4.61%
    $150k-250k 44 $25,190,000 $572,500 $17,655 5.76%
    $250k+ 24 $16,580,000 $690,833 $22,675 6.32%
    $50k or less 22 $7,870,000 $357,727 $13,671 4.65%

    Icore Lending lent most frequently to those with incomes in the $100k-150k range, with 95 originations. The second most popular income band? $75k-100k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 53 $25,635,000 $483,679 $19,055 4.95%
    49% 33 $15,045,000 $455,909 $15,214 5.00%
    48% 20 $8,510,000 $425,500 $16,051 4.88%
    41% 18 $8,390,000 $466,111 $14,585 5.20%
    43% 18 $8,310,000 $461,667 $15,209 5.41%
    46% 18 $8,580,000 $476,667 $14,870 4.53%
    30-36% 17 $7,605,000 $447,353 $13,141 4.42%
    42% 16 $6,150,000 $384,375 $13,603 4.94%
    44% 16 $6,780,000 $423,750 $15,547 5.80%
    47% 15 $7,425,000 $495,000 $18,206 5.16%
    20-30% 15 $6,025,000 $401,667 $15,488 5.62%
    45% 15 $6,695,000 $446,333 $14,427 5.06%
    <20% 10 $7,160,000 $716,000 $20,474 6.70%
    40% 9 $3,905,000 $433,889 $12,209 5.54%
    38% 9 $3,185,000 $353,889 $11,399 5.37%
    36% 6 $2,430,000 $405,000 $8,328 5.29%
    37% 4 $1,310,000 $327,500 $12,527 4.28%
    39% 3 $1,495,000 $498,333 $12,729 5.50%
    >60% 2 $1,770,000 $885,000 $18,946 4.38%

    Icore Lending lent most frequently to those with DTI ratios of 50-60%, with 53 originations. The next most common DTI ratio? 49%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 263 $121,665,000 $462,605 $15,862 5.13%
    Not provided 25 $11,575,000 $463,000 $15,482 4.83%
    Black 10 $3,800,000 $380,000 $13,487 5.36%
    Asian 5 $2,355,000 $471,000 $13,578 4.52%

    Approval Rates

    Total approvals of all applications
    100.00%

    Icore Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    13909.75 1 $255,000 $255,000
    NA 302 $139,140,000 $460,728

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    303 $139,395,000 $460,050

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $2,535,000 $230,455 $8,521 4.72%
    40-60% 42 $13,540,000 $322,381 $11,651 4.47%
    60-80% 83 $39,015,000 $470,060 $15,165 5.07%
    80-100% 161 $81,525,000 $506,366 $17,223 5.33%
    Over 100% 3 $1,995,000 $665,000 $29,938 4.00%
    Under 20% 3 $785,000 $261,667 $13,852 5.12%