Iserve Residential Lending Mortgage Rates, Fees & Info
PHOENIX, AZLEI: 54930015645SYPOM7220
Tax ID: 26-4193875
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Mortgage Data
Review & Overview
Iserve Residential Lending is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Iserve Residential Lending has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: San Diego, Atlanta, Nashville, Reno, and Chattanooga among others. We have data for 79 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 relatively high 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 | 5.58% | 11/21/24 |
| 30 Year Conventional Refi | 5.62% | 11/21/24 |
| 30 Year Cash-out Refi | 5.83% | 11/21/24 |
| 30 Year FHA Purchase | 5.65% | 11/21/24 |
| 30 Year FHA Refi | 3.93% | 11/21/24 |
| 30 Year VA Purchase | 5.03% | 11/21/24 |
| 30 Year USDA Purchase | 5.01% | 11/21/24 |
| 15 Year Conventional Refi | 4.41% | 11/21/24 |
| 15 Year Cash-out Refi | 4.41% | 11/21/24 |
| 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. | ||
Iserve Residential Lending Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,412Origination Dollar Volume (All Markets)
$381,380,000Top 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 |
|---|---|---|---|---|---|
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 158 | $71,200,000 | $450,633 | $8,468 | 4.82% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 194 | $56,610,000 | $291,804 | $11,273 | 5.44% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 219 | $54,205,000 | $247,511 | $8,593 | 5.17% |
| RENO, NV (FHA|USDA|VA) | 138 | $34,810,000 | $252,246 | $6,197 | 5.24% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 89 | $18,715,000 | $210,281 | $9,597 | 5.39% |
| KNOXVILLE, TN (FHA|USDA|VA) | 88 | $18,500,000 | $210,227 | $9,823 | 5.36% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 81 | $18,455,000 | $227,840 | $8,177 | 4.99% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 26 | $10,840,000 | $416,923 | $8,521 | 4.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 19 | $6,065,000 | $319,211 | $7,561 | 4.95% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 17 | $5,925,000 | $348,529 | $6,524 | 4.24% |
| Outside of Metro Areas | 35 | $5,805,000 | $165,857 | $6,836 | 5.24% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 26 | $5,780,000 | $222,308 | $5,884 | 4.93% |
| Fernley, NV (FHA|USDA|VA) | 28 | $5,520,000 | $197,143 | $6,573 | 5.46% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 13 | $5,445,000 | $418,846 | $7,200 | 4.82% |
| CLEVELAND, TN (FHA|USDA|VA) | 27 | $5,285,000 | $195,741 | $8,723 | 5.31% |
| Shelbyville, TN (FHA|USDA|VA) | 17 | $3,925,000 | $230,882 | $6,559 | 5.07% |
| STOCKTON, CA (FHA|USDA|VA) | 11 | $3,525,000 | $320,455 | $8,398 | 4.72% |
| Fallon, NV (FHA|USDA|VA) | 14 | $2,890,000 | $206,429 | $6,077 | 5.49% |
| Sevierville, TN (FHA|USDA|VA) | 13 | $2,695,000 | $207,308 | $8,861 | 5.31% |
| Elko, NV (FHA|USDA|VA) | 11 | $2,665,000 | $242,273 | $6,165 | 4.93% |
| MORRISTOWN, TN (FHA|USDA|VA) | 13 | $2,335,000 | $179,615 | $8,835 | 5.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,280,000 | $285,000 | $7,984 | 5.26% |
| DALTON, GA (FHA|USDA|VA) | 11 | $2,275,000 | $206,818 | $8,765 | 5.32% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 11 | $1,825,000 | $165,909 | $4,936 | 5.03% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $1,800,000 | $180,000 | $5,264 | 4.74% |
| CARSON CITY, NV (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $6,016 | 5.23% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $7,286 | 5.16% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 8 | $1,430,000 | $178,750 | $9,815 | 5.58% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 8 | $1,420,000 | $177,500 | $6,597 | 4.20% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $9,017 | 4.50% |
| Cookeville, TN (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $6,833 | 5.09% |
| Athens, TN (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $8,161 | 5.06% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $6,392 | 4.38% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $6,806 | 4.46% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $14,570 | 4.31% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $5,301 | 4.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $7,269 | 5.28% |
| Lewisburg, TN (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $6,224 | 5.03% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $6,326 | 5.06% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $7,375 | 4.93% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $7,309 | 4.41% |
| McMinnville, TN (FHA|USDA|VA) | 7 | $825,000 | $117,857 | $5,431 | 4.96% |
| CHICO, CA (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $5,393 | 5.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $12,360 | 3.63% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,628 | 4.06% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $7,431 | 5.38% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,922 | 4.75% |
| MADERA, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,379 | 5.19% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $13,754 | 4.50% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $7,069 | 4.63% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $13,344 | 5.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,856 | 3.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,936 | 4.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,455 | 4.75% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,672 | 5.00% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $8,812 | 4.69% |
| Winnemucca, NV (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,990 | 5.69% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,363 | 5.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,003 | 3.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $12,982 | 4.75% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,111 | 5.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,489 | 4.25% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,722 | 3.75% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,884 | 4.38% |
| MERCED, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,136 | 4.38% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,455 | 4.63% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,310 | 4.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,876 | 4.38% |
| Crossville, TN (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $6,137 | 5.19% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,990 | 4.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,439 | 4.50% |
| Dayton, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,367 | 5.63% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,204 | 5.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,601 | 5.00% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,585 | 5.88% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,322 | 4.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,450 | 5.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.13% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,288 | 4.63% |
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.
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Product Mix
For 2018, Iserve Residential Lending's most frequently originated type of loan was Conventional, with 603 originations. Their 2nd most popular type was FHA, with 581 originations.
Loan Reason
For 2018, Iserve Residential Lending's most frequently cited loan purpose was Home Purchase, with 683 originations. The 2nd most popular reason was Cash Out Refi, with 630 originations.
Loan Duration/Length
For 2018, Iserve Residential Lending's most frequently cited loan duration was 30 Year, with 1,345 originations. The 2nd most popular length was 15 Year, with 36 originations.
Origination Fees/Closing Costs
Iserve Residential Lending's average total fees were $8,450, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 419 originations.
Interest Rates
During 2018, Iserve Residential Lending's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 5-6%, with 730 originations.
Loan Sizing
2018 saw Iserve Residential Lending place emphasis on $200k-400k loans with 764 originations, totaling $211,280,000 in origination value.
Applicant Income
Iserve Residential Lending lent most frequently to those with incomes in the $50k-75k range, with 416 originations. The second most popular income band? $100k-150k, with 304 originations.
Applicant Debt to Income Ratio
Iserve Residential Lending lent most frequently to those with DTI ratios of 50-60%, with 190 originations. The next most common DTI ratio? 30-36%, with 122 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.36%
Iserve Residential Lending has an average approval rate.
Pick Rate
Approvals leading to origination62.46%
Iserve Residential Lending has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,412 | $381,380,000 | $270,099 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 133 | $27,965,000 | $210,263 |
| Single Family (1-4 Units):Site-Built | 1,279 | $353,415,000 | $276,321 |