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 Cash Out Refi and Home Purchase 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: Nashville, Atlanta, Reno, San Diego, and Knoxville among others. We have data for 90 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% | 4/28/24 |
| 30 Year Conventional Refi | 5.62% | 4/28/24 |
| 30 Year Cash-out Refi | 5.83% | 4/28/24 |
| 30 Year FHA Purchase | 5.65% | 4/28/24 |
| 30 Year FHA Refi | 3.93% | 4/28/24 |
| 30 Year VA Purchase | 5.03% | 4/28/24 |
| 30 Year USDA Purchase | 5.01% | 4/28/24 |
| 15 Year Conventional Refi | 4.41% | 4/28/24 |
| 15 Year Cash-out Refi | 4.41% | 4/28/24 |
| 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
891Origination Dollar Volume (All Markets)
$286,095,000Awards
ISERVE RESIDENTIAL LENDING - 2022
ISERVE RESIDENTIAL LENDING is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 151 | $48,585,000 | $321,755 | $10,709 | 5.10% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 131 | $42,055,000 | $321,031 | $13,853 | 9.91% |
| RENO, NV (FHA|USDA|VA) | 99 | $36,195,000 | $365,606 | $0 | 5.56% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 45 | $26,705,000 | $593,444 | $9,242 | 4.66% |
| KNOXVILLE, TN (FHA|USDA|VA) | 40 | $11,310,000 | $282,750 | $10,570 | 5.11% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 28 | $11,280,000 | $402,857 | $8,953 | 4.39% |
| Fernley, NV (FHA|USDA|VA) | 33 | $8,915,000 | $270,152 | $8,035 | 4.86% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 28 | $6,790,000 | $242,500 | $10,548 | 5.61% |
| Outside of Metro Areas | 26 | $5,940,000 | $228,462 | $14,558 | 5.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 12 | $5,850,000 | $487,500 | $12,810 | 4.78% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 21 | $5,605,000 | $266,905 | $8,198 | 5.40% |
| Elko, NV (FHA|USDA|VA) | 18 | $5,430,000 | $301,667 | $0 | 5.35% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 16 | $4,720,000 | $295,000 | $9,059 | 4.96% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 16 | $4,330,000 | $270,625 | $10,580 | 5.43% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 15 | $4,295,000 | $286,333 | $6,900 | 4.91% |
| CLEVELAND, TN (FHA|USDA|VA) | 16 | $4,230,000 | $264,375 | $7,444 | 4.86% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 15 | $3,845,000 | $256,333 | $13,507 | 4.99% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 11 | $3,575,000 | $325,000 | $6,903 | 5.01% |
| McMinnville, TN (FHA|USDA|VA) | 12 | $2,520,000 | $210,000 | $5,374 | 4.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 9 | $2,315,000 | $257,222 | $0 | 5.10% |
| Cookeville, TN (FHA|USDA|VA) | 11 | $2,205,000 | $200,455 | $0 | 5.09% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 9 | $2,195,000 | $243,889 | $0 | 5.51% |
| Shelbyville, TN (FHA|USDA|VA) | 7 | $1,765,000 | $252,143 | $8,675 | 4.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,730,000 | $432,500 | $3,069 | 4.34% |
| CARSON CITY, NV (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $0 | 5.34% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $13,323 | 4.70% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $0 | 3.75% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $6,376 | 4.42% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $0 | 6.56% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $18,860 | 5.04% |
| Lewisburg, TN (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $5,344 | 4.23% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $7,303 | 4.31% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $0 | 3.38% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $14,571 | 5.29% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 6.13% |
| Jefferson, GA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $13,366 | 4.54% |
| GADSDEN, AL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $12,044 | 4.83% |
| Albertville, AL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 5.75% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $10,609 | 5.25% |
| DALTON, GA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 5.38% |
| Fallon, NV (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $6,589 | 4.83% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $9,772 | 5.16% |
| Winnemucca, NV (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $17,180 | 5.19% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 5.25% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 5.50% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $12,887 | 5.19% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 5.63% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $9,599 | 5.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 5.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,377 | 3.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 3.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,004 | 6.87% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 5.56% |
| Athens, TN (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 5.25% |
| Crossville, TN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 5.69% |
| Jasper, AL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $11,249 | 5.38% |
| Dayton, TN (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $11,245 | 4.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $13,199 | 5.50% |
| Pahrump, NV (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 5.06% |
| Cullman, AL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 6.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,847 | 5.88% |
| MERCED, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 4.13% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 6.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 7.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,485 | 6.13% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,912 | 5.75% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.25% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $15,023 | 8.99% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 5.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.88% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 6.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 6.00% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 6.63% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.63% |
| ROME, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,345 | 4.00% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.63% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,780 | 6.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.50% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.99% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.88% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,608 | 5.25% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.25% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.13% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,756 | 3.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.13% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.25% |
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 2022, Iserve Residential Lending's most frequently originated type of loan was Conventional, with 434 originations. Their 2nd most popular type was FHA, with 371 originations.
Loan Reason
For 2022, Iserve Residential Lending's most frequently cited loan purpose was Cash Out Refi, with 430 originations. The 2nd most popular reason was Home Purchase, with 373 originations.
Loan Duration/Length
For 2022, Iserve Residential Lending's most frequently cited loan duration was 30 Year, with 865 originations. The 2nd most popular length was 20 Year, with 10 originations.
Origination Fees/Closing Costs
Iserve Residential Lending's average total fees were $10,776, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 105 originations.
Interest Rates
During 2022, Iserve Residential Lending's average interest rate for loans was 5.88%, while their most frequently originated rate bucket for loans was 5-6%, with 310 originations.
Loan Sizing
2022 saw Iserve Residential Lending place emphasis on $200k-400k loans with 554 originations, totaling $157,690,000 in origination value.
Applicant Income
Iserve Residential Lending lent most frequently to those with incomes in the $50k-75k range, with 227 originations. The second most popular income band? $100k-150k, with 213 originations.
Applicant Debt to Income Ratio
Iserve Residential Lending lent most frequently to those with DTI ratios of 50-60%, with 158 originations. The next most common DTI ratio? 30-36%, with 122 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.10%
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 origination62.96%
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 |
|---|---|---|---|
| 10907.0 | 1 | $545,000 | $545,000 |
| 1540.0 | 1 | $175,000 | $175,000 |
| 3158.0 | 1 | $505,000 | $505,000 |
| 7437.5 | 1 | $355,000 | $355,000 |
| 816.8 | 1 | $255,000 | $255,000 |
| NA | 886 | $284,260,000 | $320,835 |