Iserve Residential Lending Mortgage Rates, Fees & Info

PHOENIX, AZ

LEI: 54930015645SYPOM7220

Tax ID: 26-4193875

1 stars - out of 5 stars, based on 45 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Iserve Residential Lending is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Iserve Residential Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: San Diego, Reno, Nashville, Atlanta, and Riverside among others. We have data for 101 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Iserve Residential Lending 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. Iserve Residential 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 4.72% 1/29/23
    30 Year Conventional Refi 4.00% 1/29/23
    30 Year Cash-out Refi 4.00% 1/29/23
    30 Year FHA Purchase 4.92% 1/29/23
    30 Year FHA Refi 4.48% 1/29/23
    30 Year VA Purchase 4.48% 1/29/23
    30 Year VA Refi 4.05% 1/29/23
    30 Year USDA Purchase 3.88% 1/29/23
    30 Year USDA Refi 6.29% 1/29/23
    15 Year Conventional Purchase 3.31% 1/29/23
    15 Year Conventional Refi 4.01% 1/29/23
    15 Year Cash-out Refi 4.01% 1/29/23
    15 Year FHA Refi 3.40% 1/29/23
    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.


    Originations

    2,057

    Origination Dollar Volume (All Markets)

    $611,245,000

    Relative Rate

    Iserve Residential Lending's average 30 year fixed mortgage rate was 3.28%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.13%.

    Relative Fees (Closing Costs)

    Iserve Residential Lending's average total fees/closing costs for a 30 year fixed rate mortgage were $8,596.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 195 $95,195,000 $488,179 $8,302 3.06%
    RENO, NV (FHA|USDA|VA) 271 $87,735,000 $323,745 $6,397 3.28%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 298 $85,660,000 $287,450 $9,295 3.23%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 242 $68,140,000 $281,570 $11,578 3.33%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 71 $21,495,000 $302,746 $5,916 3.01%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 46 $21,410,000 $465,435 $7,329 3.22%
    KNOXVILLE, TN (FHA|USDA|VA) 81 $19,935,000 $246,111 $9,323 3.29%
    Fernley, NV (FHA|USDA|VA) 66 $19,060,000 $288,788 $6,959 3.36%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 68 $15,420,000 $226,765 $8,236 3.21%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 63 $14,255,000 $226,270 $8,562 3.23%
    Outside of Metro Areas 53 $11,615,000 $219,151 $7,034 3.33%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 42 $11,340,000 $270,000 $6,422 3.34%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 46 $9,650,000 $209,783 $6,024 3.25%
    CLEVELAND, TN (FHA|USDA|VA) 40 $8,560,000 $214,000 $7,228 3.19%
    HUNTSVILLE, AL (FHA|USDA|VA) 33 $8,285,000 $251,061 $10,003 3.39%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 35 $8,025,000 $229,286 $9,980 3.34%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 25 $7,495,000 $299,800 $7,500 3.26%
    Elko, NV (FHA|USDA|VA) 19 $5,715,000 $300,789 $7,950 3.20%
    Fallon, NV (FHA|USDA|VA) 14 $3,850,000 $275,000 $8,941 3.71%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $3,680,000 $460,000 $4,969 3.51%
    Shelbyville, TN (FHA|USDA|VA) 17 $3,605,000 $212,059 $7,408 3.07%
    CARSON CITY, NV (FHA|USDA|VA) 11 $3,465,000 $315,000 $7,316 3.27%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $2,920,000 $365,000 $5,362 3.04%
    Cookeville, TN (FHA|USDA|VA) 12 $2,890,000 $240,833 $8,746 3.06%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 8 $2,760,000 $345,000 $5,668 3.09%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 13 $2,745,000 $211,154 $8,290 3.27%
    GAINESVILLE, GA (FHA|USDA|VA) 9 $2,725,000 $302,778 $9,880 3.39%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 12 $2,580,000 $215,000 $8,688 3.17%
    Sevierville, TN (FHA|USDA|VA) 12 $2,500,000 $208,333 $8,769 3.35%
    FRESNO, CA (FHA|USDA|VA) 7 $2,395,000 $342,143 $5,459 2.96%
    DALTON, GA (FHA|USDA|VA) 11 $2,165,000 $196,818 $9,662 3.24%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 10 $2,130,000 $213,000 $10,344 3.21%
    BAKERSFIELD, CA (FHA|USDA|VA) 10 $1,890,000 $189,000 $4,882 3.02%
    Albertville, AL (FHA|USDA|VA) 6 $1,870,000 $311,667 $11,675 3.60%
    Lewisburg, TN (FHA|USDA|VA) 8 $1,850,000 $231,250 $7,234 3.00%
    Jefferson, GA (FHA|USDA|VA) 7 $1,775,000 $253,571 $10,749 3.16%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 8 $1,740,000 $217,500 $9,652 2.98%
    RICHMOND, VA (FHA|USDA|VA) 6 $1,710,000 $285,000 $8,414 3.08%
    NAPA, CA (FHA|USDA|VA) 3 $1,705,000 $568,333 $3,477 3.00%
    MORRISTOWN, TN (FHA|USDA|VA) 9 $1,665,000 $185,000 $8,177 3.35%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 8 $1,650,000 $206,250 $8,806 3.13%
    Crossville, TN (FHA|USDA|VA) 7 $1,475,000 $210,714 $9,198 3.14%
    TUCSON, AZ (FHA|USDA|VA) 5 $1,395,000 $279,000 $5,882 3.83%
    McMinnville, TN (FHA|USDA|VA) 9 $1,395,000 $155,000 $5,576 3.44%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,310,000 $327,500 $6,644 2.97%
    ROME, GA (FHA|USDA|VA) 5 $1,205,000 $241,000 $11,252 3.48%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,165,000 $388,333 $6,128 3.25%
    MADERA, CA (FHA|USDA|VA) 3 $1,145,000 $381,667 $5,424 3.25%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $1,105,000 $221,000 $5,447 3.15%
    COLUMBUS, GA-AL (FHA|USDA|VA) 5 $1,035,000 $207,000 $10,068 3.10%
    SALINAS, CA (FHA|USDA|VA) 2 $1,030,000 $515,000 $5,096 3.43%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 5 $1,005,000 $201,000 $9,533 3.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $955,000 $191,000 $5,756 3.68%
    Dayton, TN (FHA|USDA|VA) 4 $940,000 $235,000 $10,018 3.06%
    Winnemucca, NV (FHA|USDA|VA) 4 $920,000 $230,000 $6,780 3.25%
    GADSDEN, AL (FHA|USDA|VA) 5 $915,000 $183,000 $8,639 3.50%
    STOCKTON, CA (FHA|USDA|VA) 3 $845,000 $281,667 $4,206 3.58%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 4 $840,000 $210,000 $9,715 3.41%
    Cornelia, GA (FHA|USDA|VA) 4 $800,000 $200,000 $8,469 3.03%
    DECATUR, AL (FHA|USDA|VA) 4 $770,000 $192,500 $9,220 3.28%
    WARNER ROBINS, GA (FHA|USDA|VA) 4 $740,000 $185,000 $7,997 3.06%
    JOHNSON CITY, TN (FHA|USDA|VA) 3 $715,000 $238,333 $8,070 3.46%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $700,000 $350,000 $13,981 3.25%
    Calhoun, GA (FHA|USDA|VA) 3 $685,000 $228,333 $11,798 2.96%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $625,000 $625,000 $5,829 3.25%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $595,000 $595,000 $2,943 3.25%
    YUMA, AZ (FHA|USDA|VA) 2 $580,000 $290,000 $4,462 2.75%
    TUSCALOOSA, AL (FHA|USDA|VA) 3 $575,000 $191,667 $9,640 2.75%
    Greeneville, TN (FHA|USDA|VA) 3 $575,000 $191,667 $8,695 3.71%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $505,000 $505,000 $5,332 3.50%
    VALLEJO, CA (FHA|USDA|VA) 1 $495,000 $495,000 $0 3.63%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $485,000 $485,000 $20,156 2.88%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $475,000 $475,000 $3,894 3.38%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $435,000 $435,000 $9,996 3.00%
    REDDING, CA (FHA|USDA|VA) 1 $435,000 $435,000 $3,471 2.25%
    Cullman, AL (FHA|USDA|VA) 2 $430,000 $215,000 $10,496 2.81%
    Statesboro, GA (FHA|USDA|VA) 2 $400,000 $200,000 $7,565 3.38%
    YUBA CITY, CA (FHA|USDA|VA) 1 $395,000 $395,000 $4,255 3.38%
    Milledgeville, GA (FHA|USDA|VA) 1 $365,000 $365,000 $12,205 3.25%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $360,000 $180,000 $9,344 3.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $355,000 $355,000 $12,256 3.38%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $345,000 $345,000 $5,383 3.38%
    LaGrange, GA-AL (FHA|USDA|VA) 2 $340,000 $170,000 $7,543 3.44%
    Fort Payne, AL (FHA|USDA|VA) 2 $340,000 $170,000 $6,665 2.81%
    VISALIA, CA (FHA|USDA|VA) 2 $320,000 $160,000 $4,795 2.56%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $315,000 $315,000 $9,593 3.25%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,439 2.50%
    Pahrump, NV (FHA|USDA|VA) 1 $285,000 $285,000 $16,419 3.25%
    Cedartown, GA (FHA|USDA|VA) 1 $285,000 $285,000 $14,538 3.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $265,000 $265,000 $6,590 3.13%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $265,000 $265,000 $6,723 2.75%
    JACKSON, TN (FHA|USDA|VA) 1 $235,000 $235,000 $11,446 4.75%
    Susanville, CA (FHA|USDA|VA) 1 $225,000 $225,000 $3,332 3.63%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $205,000 $205,000 $3,428 2.63%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $185,000 $185,000 $7,404 3.99%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,563 2.99%
    Athens, TN (FHA|USDA|VA) 1 $175,000 $175,000 $9,373 3.13%
    Toccoa, GA (FHA|USDA|VA) 1 $165,000 $165,000 $8,441 3.25%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,268 2.99%
    Jasper, AL (FHA|USDA|VA) 1 $145,000 $145,000 $6,209 4.00%
    Forest City, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,760 3.25%
    Iserve Residential Lending's top markets include San Diego, Reno, Nashville, Atlanta, and Riverside among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against ISERVE RESIDENTIAL LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CONSUMER Credit Union
    Similarity Rank: 224
    Citizens Tri-County Bank
    Similarity Rank: 270
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    Great Basin Federal Credit Union
    Similarity Rank: 348
    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    Credence Funding Corporation
    Similarity Rank: 404
    Aurora Financial, LLC
    Similarity Rank: 511
    ABNB Federal Credit Union
    Similarity Rank: 544
    First Vision Bank of Tennessee
    Similarity Rank: 657

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,185 $373,145,000 $314,890 $6,378 3.27%
    FHA 683 $173,595,000 $254,165 $11,189 3.25%
    VA 146 $54,990,000 $376,644 $10,910 3.03%
    USDA 43 $9,515,000 $221,279 $6,496 2.90%

    For 2021, Iserve Residential Lending's most frequently originated type of loan was Conventional, with 1,185 originations. Their 2nd most popular type was FHA, with 683 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 876 $241,950,000 $276,199 $9,786 3.32%
    Home Purchase 656 $217,600,000 $331,707 $7,921 3.30%
    Refi 525 $151,695,000 $288,943 $6,491 3.04%

    For 2021, Iserve Residential Lending's most frequently cited loan purpose was Cash Out Refi, with 876 originations. The 2nd most popular reason was Home Purchase, with 656 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,850 $561,940,000 $303,751 $8,596 3.28%
    15 Year 111 $25,475,000 $229,505 $5,817 2.77%
    20 Year 73 $18,165,000 $248,836 $6,586 3.04%
    Other 17 $4,365,000 $256,765 $8,736 3.22%
    10 Year 6 $1,300,000 $216,667 $4,986 2.83%

    For 2021, Iserve Residential Lending's most frequently cited loan duration was 30 Year, with 1,850 originations. The 2nd most popular length was 15 Year, with 111 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 617 $206,655,000 $334,935
    $1k-2k 543 $160,705,000 $295,958
    $3k-4k 274 $72,900,000 $266,058
    $4k-5k 238 $62,410,000 $262,227
    $2k-3k 231 $59,395,000 $257,121
    $<1k 76 $25,050,000 $329,605

    Iserve Residential Lending's average total fees were $8,596, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 617 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,223 $360,535,000 $294,796
    2.5-3% 615 $182,125,000 $296,138
    <2.5% 119 $36,595,000 $307,521
    4-5% 97 $30,975,000 $319,330
    5-6% 3 $1,015,000 $338,333

    During 2021, Iserve Residential Lending's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 1,223 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,165 $328,605,000 $282,064 $8,446 3.26%
    $100k-200k 486 $79,350,000 $163,272 $6,227 3.21%
    $400k-600k 315 $150,105,000 $476,524 $10,562 3.26%
    $600k-1MM 61 $43,405,000 $711,557 $12,099 3.18%
    $100,000 or less 24 $2,020,000 $84,167 $3,786 3.07%
    $1MM+ 6 $7,760,000 $1,293,333 $28,840 3.25%

    2021 saw Iserve Residential Lending place emphasis on $200k-400k loans with 1,165 originations, totaling $328,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 554 $134,590,000 $242,942 $7,890 3.22%
    $100k-150k 493 $167,145,000 $339,037 $8,498 3.29%
    $75k-100k 402 $119,490,000 $297,239 $9,747 3.27%
    $50k or less 334 $66,340,000 $198,623 $6,514 3.19%
    $150k-250k 215 $91,465,000 $425,419 $9,032 3.20%
    $250k+ 59 $32,215,000 $546,017 $10,606 3.34%

    Iserve Residential Lending lent most frequently to those with incomes in the $50k-75k range, with 554 originations. The second most popular income band? $100k-150k, with 493 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 338 $98,950,000 $292,751 $7,164 3.22%
    20-30% 299 $88,415,000 $295,702 $6,550 3.19%
    50-60% 232 $65,830,000 $283,750 $12,016 3.21%
    44% 117 $35,585,000 $304,145 $12,411 3.39%
    <20% 110 $31,700,000 $288,182 $4,838 3.01%
    43% 90 $27,180,000 $302,000 $8,375 3.19%
    49% 88 $28,400,000 $322,727 $8,159 3.27%
    41% 86 $24,770,000 $288,023 $8,577 3.32%
    42% 84 $26,510,000 $315,595 $7,734 3.30%
    40% 80 $24,730,000 $309,125 $7,663 3.34%
    39% 74 $20,650,000 $279,054 $7,974 3.28%
    37% 73 $21,095,000 $288,973 $8,766 3.30%
    36% 68 $19,160,000 $281,765 $8,505 3.28%
    38% 66 $19,100,000 $289,394 $7,167 3.28%
    46% 64 $21,520,000 $336,250 $8,945 3.25%
    45% 64 $19,940,000 $311,563 $8,383 3.34%
    48% 63 $19,005,000 $301,667 $8,633 3.20%
    47% 54 $16,650,000 $308,333 $9,189 3.29%
    >60% 3 $1,215,000 $405,000 $13,722 3.00%

    Iserve Residential Lending lent most frequently to those with DTI ratios of 30-36%, with 338 originations. The next most common DTI ratio? 20-30%, with 299 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,532 $444,680,000 $290,261 $8,016 3.23%
    Not provided 294 $100,320,000 $341,224 $9,998 3.29%
    Black 141 $35,675,000 $253,014 $9,260 3.30%
    Asian 64 $22,310,000 $348,594 $7,737 3.21%
    American Indian 15 $3,785,000 $252,333 $6,164 3.31%
    Asian Indian 3 $1,885,000 $628,333 $11,553 3.25%
    Other Asian 4 $1,390,000 $347,500 $6,088 3.28%
    Native Hawaiian or Islander 4 $1,200,000 $300,000 $2,852 3.25%

    Approval Rates

    Total approvals of all applications
    96.24%

    Iserve Residential 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
    74.87%

    Iserve Residential Lending has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,057 $611,245,000 $297,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,057 $611,245,000 $297,154

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 66 $14,580,000 $220,909 $4,446 2.91%
    40-60% 239 $68,725,000 $287,552 $5,585 3.07%
    60-80% 864 $260,720,000 $301,759 $8,254 3.32%
    80-100% 847 $251,545,000 $296,983 $9,196 3.25%
    Over 100% 31 $14,255,000 $459,839 $17,556 2.88%
    Under 20% 10 $1,420,000 $142,000 $3,552 3.05%