Icore Lending Mortgage Rates, Fees & Info

NEWPORT COAST, CA

LEI: 254900PBEMOERRZO9E31

Tax ID: 81-3881445

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

Jump to:

Mortgage Data

Review & Overview

Icore Lending is a smaller mortgage company specializing in Refi and Home Purchase loans. Icore Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, Phoenix, and San Diego among others. We have data for 16 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.14% 3/28/24
30 Year Conventional Refi 7.15% 3/28/24
30 Year Cash-out Refi 7.02% 3/28/24
30 Year FHA Purchase 7.34% 3/28/24
30 Year FHA Refi 6.85% 3/28/24
30 Year VA Purchase 5.72% 3/28/24
15 Year Conventional Purchase 7.00% 3/28/24
15 Year Conventional Refi 6.61% 3/28/24
15 Year Cash-out Refi 6.61% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Icore Lending Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Icore Lending. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

345

Origination Dollar Volume (All Markets)

$140,425,000

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) 207 $89,575,000 $432,729 $11,953 3.21%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 109 $39,365,000 $361,147 $10,328 3.19%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $2,420,000 $605,000 $16,554 3.47%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,595,000 $319,000 $7,607 3.29%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,245,000 $415,000 $13,164 3.37%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,160,000 $580,000 $20,014 3.69%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $1,000,000 $250,000 $9,826 3.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $990,000 $495,000 $13,500 3.06%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $545,000 $545,000 $4,532 2.88%
VALLEJO, CA (FHA|USDA|VA) 2 $480,000 $240,000 $7,376 2.44%
NAPA, CA (FHA|USDA|VA) 1 $475,000 $475,000 $11,795 2.99%
Outside of Metro Areas 1 $395,000 $395,000 $4,395 3.25%
MODESTO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $4,633 3.25%
SALINAS, CA (FHA|USDA|VA) 1 $295,000 $295,000 $12,291 3.38%
STOCKTON, CA (FHA|USDA|VA) 1 $285,000 $285,000 $9,777 3.75%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $11,634 2.75%
Icore Lending's top markets include Los Angeles, Riverside, San Francisco, Phoenix, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (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.

    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    Credence Funding Corporation
    Similarity Rank: 404
    Chaffey Federal Credit Union
    Similarity Rank: 966
    ARIZONA CENTRAL
    Similarity Rank: 1166
    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380
    Los Angeles Federal Credit Union
    Similarity Rank: 1400
    AERO Federal Credit Union
    Similarity Rank: 1428

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 289 $115,095,000 $398,253 $10,244 3.26%
    FHA 47 $20,795,000 $442,447 $17,291 3.01%
    VA 8 $4,240,000 $530,000 $16,914 2.75%
    HELOC 1 $295,000 $295,000 n/a 2.75%

    For 2021, Icore Lending's most frequently originated type of loan was Conventional, with 289 originations. Their 2nd most popular type was FHA, with 47 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 147 $54,655,000 $371,803 $9,389 3.15%
    Home Purchase 121 $58,045,000 $479,711 $14,185 3.26%
    Cash Out Refi 76 $27,310,000 $359,342 $10,686 3.25%
    Home Improvement 1 $415,000 $415,000 $10,232 2.99%

    For 2021, Icore Lending's most frequently cited loan purpose was Refi, with 147 originations. The 2nd most popular reason was Home Purchase, with 121 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 315 $132,655,000 $421,127 $11,738 3.25%
    20 Year 17 $5,055,000 $297,353 $7,604 2.87%
    15 Year 11 $2,335,000 $212,273 $7,924 2.64%
    10 Year 1 $135,000 $135,000 $4,480 2.38%
    Other 1 $245,000 $245,000 $4,991 3.25%

    For 2021, Icore Lending's most frequently cited loan duration was 30 Year, with 315 originations. The 2nd most popular length was 20 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 235 $102,335,000 $435,468
    $2k-3k 53 $22,135,000 $417,642
    $4k-5k 25 $6,815,000 $272,600
    $3k-4k 22 $5,690,000 $258,636
    $1k-2k 8 $2,870,000 $358,750

    Icore Lending's average total fees were $11,738, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 235 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 193 $83,585,000 $433,083
    2.5-3% 128 $47,300,000 $369,531
    <2.5% 13 $4,705,000 $361,923
    4-5% 9 $3,595,000 $399,444
    5-6% 2 $1,240,000 $620,000

    During 2021, Icore Lending's average interest rate for loans was 3.25%, while their most frequently originated rate bucket for loans was 3-4%, with 193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 157 $49,245,000 $313,662 $9,436 3.16%
    $400k-600k 129 $62,715,000 $486,163 $12,019 3.25%
    $600k-1MM 35 $24,535,000 $701,000 $20,547 3.40%
    $100k-200k 24 $3,930,000 $163,750 $7,103 2.99%

    2021 saw Icore Lending place emphasis on $200k-400k loans with 157 originations, totaling $49,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 95 $31,295,000 $329,421 $9,956 3.12%
    $100k-150k 92 $43,930,000 $477,500 $13,179 3.25%
    $75k-100k 83 $34,715,000 $418,253 $11,130 3.16%
    $50k or less 35 $9,185,000 $262,429 $9,246 3.18%
    $150k-250k 30 $15,860,000 $528,667 $12,268 3.39%
    $250k+ 7 $4,475,000 $639,286 $17,422 3.96%

    Icore Lending lent most frequently to those with incomes in the $50k-75k range, with 95 originations. The second most popular income band? $100k-150k, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 55 $22,865,000 $415,727 $10,592 3.28%
    44% 32 $13,070,000 $408,438 $10,332 3.31%
    50-60% 31 $15,125,000 $487,903 $18,947 2.99%
    49% 23 $9,205,000 $400,217 $10,113 3.18%
    20-30% 23 $7,825,000 $340,217 $9,503 3.08%
    45% 23 $9,635,000 $418,913 $12,198 3.22%
    43% 18 $7,300,000 $405,556 $10,405 3.15%
    48% 16 $7,580,000 $473,750 $12,241 3.26%
    42% 16 $6,220,000 $388,750 $9,772 3.27%
    38% 15 $5,595,000 $373,000 $8,791 3.23%
    41% 15 $5,455,000 $363,667 $11,589 3.16%
    40% 13 $4,995,000 $384,231 $12,425 3.20%
    46% 12 $4,780,000 $398,333 $9,271 3.26%
    47% 12 $4,740,000 $395,000 $12,237 3.11%
    <20% 10 $3,630,000 $363,000 $9,593 3.79%
    36% 10 $4,110,000 $411,000 $10,400 2.94%
    37% 10 $3,940,000 $394,000 $9,521 3.32%
    39% 5 $1,895,000 $379,000 $9,365 3.17%
    >60% 3 $1,495,000 $498,333 $18,698 3.50%

    Icore Lending lent most frequently to those with DTI ratios of 30-36%, with 55 originations. The next most common DTI ratio? 44%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 291 $117,415,000 $403,488 $11,495 3.20%
    Not provided 31 $11,525,000 $371,774 $10,826 3.18%
    Black 12 $5,980,000 $498,333 $12,622 3.34%
    Asian 10 $4,950,000 $495,000 $7,949 3.30%
    American Indian 1 $555,000 $555,000 $11,030 3.25%

    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
    NA 345 $140,425,000 $407,029

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    345 $140,425,000 $407,029

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $4,790,000 $239,500 $7,702 2.99%
    40-60% 66 $21,820,000 $330,606 $9,209 3.10%
    60-80% 140 $56,960,000 $406,857 $11,065 3.28%
    80-100% 115 $54,955,000 $477,870 $13,465 3.24%
    Over 100% 2 $1,270,000 $635,000 $21,858 2.81%