Icore Lending Mortgage Rates, Fees & Info
NEWPORT COAST, CALEI: 254900PBEMOERRZO9E31
Tax ID: 81-3881445
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.14% | 12/16/24 |
| 30 Year Conventional Refi | 7.15% | 12/16/24 |
| 30 Year Cash-out Refi | 7.02% | 12/16/24 |
| 30 Year FHA Purchase | 7.34% | 12/16/24 |
| 30 Year FHA Refi | 6.85% | 12/16/24 |
| 30 Year VA Purchase | 5.72% | 12/16/24 |
| 15 Year Conventional Purchase | 7.00% | 12/16/24 |
| 15 Year Conventional Refi | 6.61% | 12/16/24 |
| 15 Year Cash-out Refi | 6.61% | 12/16/24 |
| 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
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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
345Origination Dollar Volume (All Markets)
$140,425,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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.
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Product Mix
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
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
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
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
2021 saw Icore Lending place emphasis on $200k-400k loans with 157 originations, totaling $49,245,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 345 | $140,425,000 | $407,029 |