Industrial And Commercial Bank Of China Usa Mortgage Rates, Fees & Info
New York, NYLEI: 254900YLQBQNWLGKOI74
Tax ID: 95-3763643
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Industrial And Commercial Bank Of China Usa is a smaller bank specializing in Home Purchase loans. Industrial And Commercial Bank Of China Usa has a high proportion of conventional loans. Their top markets by origination volume include: New York, San Francisco, Los Angeles, San Jose, and Riverside among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Industrial And Commercial Bank Of China Usa 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.
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
378Origination Dollar Volume (All Markets)
$293,620,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 195 | $154,875,000 | $794,231 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 67 | $53,015,000 | $791,269 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 50 | $43,710,000 | $874,200 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 14 | $17,010,000 | $1,215,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 17 | $8,575,000 | $504,412 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $7,365,000 | $669,545 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 16 | $6,430,000 | $401,875 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Industrial and Commercial Bank of China USA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 72
Similarity Rank: 258
Similarity Rank: 261
Similarity Rank: 342
Similarity Rank: 351
Similarity Rank: 384
Similarity Rank: 504
Similarity Rank: 540
Similarity Rank: 660
Similarity Rank: 680
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 378 | $293,620,000 | $776,772 | $0 | 0.00% |
For 2023, Industrial And Commercial Bank Of China Usa's most frequently originated type of loan was Conventional, with 378 originations.
Loan Reason
For 2023, Industrial And Commercial Bank Of China Usa's most frequently cited loan purpose was Home Purchase, with 293 originations. The 2nd most popular reason was Other, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 378 | $293,620,000 | $776,772 | $0 | 0.00% |
For 2023, Industrial And Commercial Bank Of China Usa's most frequently cited loan duration was Other, with 378 originations.
Loan Sizing
2023 saw Industrial And Commercial Bank Of China Usa place emphasis on $400k-600k loans with 150 originations, totaling $74,400,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 1 | $515,000 | $515,000 | $0 | 0.00% |
Industrial And Commercial Bank Of China Usa lent most frequently to those with incomes in the $150k-250k range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 378 | $293,620,000 | $776,772 | $0 | 0.00% |
Industrial And Commercial Bank Of China Usa lent most frequently to those with DTI ratios of Exempt%, with 378 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.12%
Industrial And Commercial Bank Of China Usa has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.57%
Industrial And Commercial Bank Of China Usa has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 378 | $293,620,000 | $776,772 |