Industrial And Commercial Bank Of China Usa Mortgage Rates, Fees & Info

New York, NY

LEI: 254900YLQBQNWLGKOI74

Tax ID: 95-3763643

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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.

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Originations

378

Origination Dollar Volume (All Markets)

$293,620,000

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
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%
Industrial And Commercial Bank Of China Usa's top markets include New York, San Francisco, Los Angeles, San Jose, and Riverside among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • 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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    LBS FINANCIAL
    Similarity Rank: 258
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ALTURA
    Similarity Rank: 384
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 504
    Provident Credit Union
    Similarity Rank: 540
    LA Financial Federal Credit Union
    Similarity Rank: 660
    I.L.W.U. CREDIT UNION
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 293 $190,235,000 $649,266 $0 0.00%
    Other 38 $20,230,000 $532,368 $0 0.00%
    Refi 25 $58,105,000 $2,324,200 $0 0.00%
    Cash Out Refi 21 $24,695,000 $1,175,952 $0 0.00%
    Home Improvement 1 $355,000 $355,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 150 $74,400,000 $496,000 $0 0.00%
    $600k-1MM 131 $99,395,000 $758,740 $0 0.00%
    $200k-400k 50 $16,590,000 $331,800 $0 0.00%
    $1MM+ 43 $102,655,000 $2,387,326 $0 0.00%
    $100k-200k 3 $515,000 $171,667 $0 0.00%
    $100,000 or less 1 $65,000 $65,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 359 $229,155,000 $638,315 $0 0.00%
    Not applicable 6 $52,930,000 $8,821,667 $0 0.00%
    White 12 $11,110,000 $925,833 $0 0.00%
    Chinese 1 $425,000 $425,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.12%

    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 origination
    87.57%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    378 $293,620,000 $776,772