Interstate Home Loan Center Mortgage Rates, Fees & Info
MELVILLE, NYLEI: 5493003X6Y6JGJKHPA25
Tax ID: 11-3217224
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Interstate Home Loan Center is a smaller mortgage company specializing in Home Purchase loans. Interstate Home Loan Center has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Los Angeles, Poughkeepsie, Philadelphia, and Miami among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)Interstate Home Loan Center 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. Interstate Home Loan Center 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.
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 | 7.29% | 4/5/25 |
| 30 Year Conventional Refi | 7.67% | 4/5/25 |
| 30 Year Cash-out Refi | 7.95% | 4/5/25 |
| 30 Year FHA Purchase | 7.46% | 4/5/25 |
| 30 Year FHA Refi | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 6.52% | 4/5/25 |
| 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. | ||
Interstate Home Loan Center Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Interstate Home Loan Center. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
294Origination Dollar Volume (All Markets)
$150,680,000Relative Rate
Interstate Home Loan Center's average 30 year fixed mortgage rate was
7.11%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.56%.
Relative Fees (Closing Costs)
Interstate Home Loan Center's average total fees/closing costs for a 30 year fixed rate
mortgage were $16,426.
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 $8,356.
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) | 198 | $114,810,000 | $579,848 | $17,939 | 6.99% |
| Outside of Metro Areas | 20 | $6,540,000 | $327,000 | $12,510 | 7.09% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $5,460,000 | $1,365,000 | $27,135 | 7.40% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 11 | $3,455,000 | $314,091 | $12,545 | 6.96% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $2,385,000 | $340,714 | $17,582 | 7.57% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $21,088 | 8.16% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $9,195 | 6.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $14,867 | 7.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $17,363 | 7.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $9,366 | 7.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $23,968 | 6.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $10,868 | 6.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $10,954 | 8.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $7,164 | 8.31% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $28,542 | 7.13% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $11,929 | 7.38% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,856 | 6.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $10,110 | 7.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $16,081 | 6.88% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $16,571 | 6.99% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $19,099 | 7.25% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,036 | 6.49% |
| Concord, NH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $15,560 | 7.13% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $15,027 | 8.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,181 | 6.13% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $17,729 | 6.75% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,825 | 7.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $12,883 | 10.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $15,090 | 6.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $16,383 | 6.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,025 | 6.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $16,885 | 6.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,533 | 7.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,560 | 8.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,796 | 7.63% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 8.75% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,031 | 7.38% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,613 | 10.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,097 | 7.88% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,752 | 9.38% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,492 | 7.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,021 | 6.50% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,993 | 7.13% |
| ERIE, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,683 | 8.75% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,454 | 7.25% |
| Auburn, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,406 | 6.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against INTERSTATE HOME LOAN CENTER based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 64
Similarity Rank: 84
Similarity Rank: 96
Similarity Rank: 108
Similarity Rank: 126
Similarity Rank: 154
Similarity Rank: 156
Similarity Rank: 260
Similarity Rank: 264
Similarity Rank: 270
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 238 | $122,150,000 | $513,235 | $14,539 | 7.26% |
| FHA | 54 | $27,670,000 | $512,407 | $24,715 | 6.43% |
| VA | 2 | $860,000 | $430,000 | $14,652 | 6.38% |
For 2024, Interstate Home Loan Center's most frequently originated type of loan was Conventional, with 238 originations. Their 2nd most popular type was FHA, with 54 originations.
Loan Reason
For 2024, Interstate Home Loan Center's most frequently cited loan purpose was Home Purchase, with 248 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 293 | $150,125,000 | $512,372 | $16,426 | 7.11% |
| Other | 1 | $555,000 | $555,000 | $28,389 | 6.63% |
For 2024, Interstate Home Loan Center's most frequently cited loan duration was 30 Year, with 293 originations. The 2nd most popular length was Other, with 1 originations.
Origination Fees/Closing Costs
Interstate Home Loan Center's average total fees were $16,426, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 226 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 148 | $72,460,000 | $489,595 |
| 7-8% | 95 | $54,775,000 | $576,579 |
| Over 8% | 33 | $13,565,000 | $411,061 |
| 5-6% | 17 | $9,335,000 | $549,118 |
| 4-5% | 1 | $545,000 | $545,000 |
During 2024, Interstate Home Loan Center's average interest rate for loans was 7.11%, while their most frequently originated rate bucket for loans was 6-7%, with 148 originations.
Loan Sizing
2024 saw Interstate Home Loan Center place emphasis on $400k-600k loans with 106 originations, totaling $52,080,000 in origination value.
Applicant Income
Interstate Home Loan Center lent most frequently to those with incomes in the $150k-250k range, with 87 originations. The second most popular income band? $100k-150k, with 81 originations.
Applicant Debt to Income Ratio
Interstate Home Loan Center lent most frequently to those with DTI ratios of 50-60%, with 38 originations. The next most common DTI ratio? 30-36%, with 35 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.67%
Interstate Home Loan Center has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.49%
Interstate Home Loan Center has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 294 | $150,680,000 | $512,517 |