Industrial And Commercial Bank Of China Usa Mortgage Rates, Fees & Info
New York, NYLEI: 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, Cash Out Refi, and Refi loans. Industrial And Commercial Bank Of China Usa has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, San Francisco, Riverside, and San Jose among others. We have data for 19 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
351Origination Dollar Volume (All Markets)
$340,915,000Top 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) | 90 | $135,450,000 | $1,505,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 89 | $83,725,000 | $940,730 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 82 | $62,640,000 | $763,902 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 31 | $15,485,000 | $499,516 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 13 | $13,175,000 | $1,013,462 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $9,705,000 | $882,273 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 20 | $7,720,000 | $386,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $6,005,000 | $6,005,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $2,805,000 | $935,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| MERCED, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 351 | $340,915,000 | $971,268 | $0 | 0.00% |
For 2022, Industrial And Commercial Bank Of China Usa's most frequently originated type of loan was Conventional, with 351 originations.
Loan Reason
For 2022, Industrial And Commercial Bank Of China Usa's most frequently cited loan purpose was Home Purchase, with 187 originations. The 2nd most popular reason was Cash Out Refi, with 73 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 351 | $340,915,000 | $971,268 | $0 | 0.00% |
For 2022, Industrial And Commercial Bank Of China Usa's most frequently cited loan duration was Other, with 351 originations.
Loan Sizing
2022 saw Industrial And Commercial Bank Of China Usa place emphasis on $400k-600k loans with 120 originations, totaling $60,400,000 in origination value.
Applicant Income
Industrial And Commercial Bank Of China Usa lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 351 | $340,915,000 | $971,268 | $0 | 0.00% |
Industrial And Commercial Bank Of China Usa lent most frequently to those with DTI ratios of Exempt%, with 351 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.92%
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 origination76.64%
Industrial And Commercial Bank Of China Usa has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 351 | $340,915,000 | $971,268 |