Interstate Home Loan Center Mortgage Rates, Fees & Info

MELVILLE, NY

LEI: 5493003X6Y6JGJKHPA25

Tax ID: 11-3217224

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Mortgage Data

Review & Overview

Interstate Home Loan Center is a smaller mortgage company specializing in Home Purchase and Refi loans. Interstate Home Loan Center 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: New York, Poughkeepsie, Miami, Bridgeport, and Tampa among others. We have data for 56 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 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.61% 12/16/24
30 Year Conventional Refi 6.52% 12/16/24
30 Year Cash-out Refi 6.64% 12/16/24
30 Year FHA Purchase 7.27% 12/16/24
30 Year FHA Refi 6.27% 12/16/24
30 Year VA Purchase 5.75% 12/16/24
30 Year VA Refi 6.27% 12/16/24
30 Year USDA Purchase 6.27% 12/16/24
15 Year Conventional Purchase 6.24% 12/16/24
15 Year Conventional Refi 5.87% 12/16/24
15 Year Cash-out Refi 5.87% 12/16/24
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.

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

359

Origination Dollar Volume (All Markets)

$112,425,000

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) 241 $83,915,000 $348,195 $10,535 4.90%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 14 $3,210,000 $229,286 $8,736 4.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $2,505,000 $278,333 $7,534 4.92%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,465,000 $488,333 $15,702 4.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,190,000 $198,333 $6,816 5.27%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $1,155,000 $231,000 $8,198 4.80%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,060,000 $176,667 $6,216 5.15%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $905,000 $905,000 $9,728 4.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $835,000 $278,333 $6,532 5.17%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $805,000 $268,333 $6,686 5.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $790,000 $395,000 $7,127 4.75%
SAVANNAH, GA (FHA|USDA|VA) 3 $695,000 $231,667 $9,473 4.83%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $680,000 $340,000 $10,166 4.31%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $670,000 $167,500 $5,753 4.91%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $655,000 $655,000 $4,485 4.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $620,000 $310,000 $12,367 5.38%
Outside of Metro Areas 4 $610,000 $152,500 $8,049 5.50%
MIDLAND, TX (FHA|USDA|VA) 2 $580,000 $290,000 $7,528 3.94%
BOULDER, CO (FHA|USDA|VA) 1 $515,000 $515,000 $4,432 4.75%
PITTSBURGH, PA (FHA|USDA|VA) 2 $460,000 $230,000 $8,589 4.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $460,000 $230,000 $8,348 4.88%
FRESNO, CA (FHA|USDA|VA) 2 $450,000 $225,000 $7,797 4.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $440,000 $220,000 $8,624 5.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $405,000 $135,000 $4,706 4.63%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $380,000 $190,000 $4,647 4.81%
GLENS FALLS, NY (FHA|USDA|VA) 2 $370,000 $185,000 $7,353 5.13%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $365,000 $365,000 $15,118 5.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $320,000 $160,000 $4,329 4.94%
Dublin, GA (FHA|USDA|VA) 2 $320,000 $160,000 $7,300 4.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $305,000 $305,000 $7,413 4.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,811 5.50%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.50%
BINGHAMTON, NY (FHA|USDA|VA) 1 $275,000 $275,000 $9,191 4.50%
MODESTO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $9,719 4.50%
TOLEDO, OH (FHA|USDA|VA) 1 $255,000 $255,000 $8,522 4.75%
STOCKTON, CA (FHA|USDA|VA) 1 $255,000 $255,000 $7,457 3.75%
WILMINGTON, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,245 4.38%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $245,000 $245,000 $5,746 3.88%
Morehead City, NC (FHA|USDA|VA) 1 $235,000 $235,000 $4,560 4.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $225,000 $225,000 $10,134 4.63%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $215,000 $215,000 $7,522 3.88%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,568 5.13%
Concord, NH (FHA|USDA|VA) 1 $205,000 $205,000 $6,927 4.88%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,371 5.13%
COLUMBUS, OH (FHA|USDA|VA) 1 $185,000 $185,000 $3,945 4.88%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $185,000 $185,000 $7,176 4.25%
JACKSON, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,070 5.13%
Cullowhee, NC (FHA|USDA|VA) 1 $165,000 $165,000 $4,365 4.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $155,000 $155,000 $497 5.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,222 4.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $155,000 $155,000 $4,401 4.75%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $145,000 $145,000 $8,902 5.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $135,000 $135,000 $6,827 4.50%
GAINESVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $6,359 4.88%
Hudson, NY (FHA|USDA|VA) 1 $115,000 $115,000 $4,471 5.38%
Interstate Home Loan Center's top markets include New York, Poughkeepsie, Miami, Bridgeport, and Tampa among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 187 $57,795,000 $309,064 $7,126 4.95%
    FHA 146 $48,050,000 $329,110 $12,784 4.77%
    VA 16 $4,530,000 $283,125 $7,850 4.85%
    Reverse Mortgage 7 $1,315,000 $187,857 $0 6.06%
    USDA 2 $290,000 $145,000 $6,469 4.94%
    HELOC 1 $445,000 $445,000 n/a 4.88%

    For 2018, Interstate Home Loan Center's most frequently originated type of loan was Conventional, with 187 originations. Their 2nd most popular type was FHA, with 146 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 264 $83,210,000 $315,189 $9,505 4.90%
    Refi 95 $29,215,000 $307,526 $9,514 4.79%

    For 2018, Interstate Home Loan Center's most frequently cited loan purpose was Home Purchase, with 264 originations. The 2nd most popular reason was Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 327 $104,515,000 $319,618 $9,678 4.91%
    Other 20 $5,020,000 $251,000 $7,740 4.24%
    15 Year 7 $1,545,000 $220,714 $5,851 4.32%
    20 Year 4 $1,230,000 $307,500 $7,490 4.72%
    10 Year 1 $115,000 $115,000 $5,538 4.75%

    For 2018, Interstate Home Loan Center's most frequently cited loan duration was 30 Year, with 327 originations. The 2nd most popular length was Other, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 145 $41,985,000 $289,552
    $5k+ 73 $31,175,000 $427,055
    $2k-3k 42 $9,870,000 $235,000
    $<1k 34 $10,480,000 $308,235
    $3k-4k 32 $8,850,000 $276,563
    $4k-5k 22 $7,240,000 $329,091

    Interstate Home Loan Center's average total fees were $9,678, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 145 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 227 $73,995,000 $325,969
    5-6% 97 $28,255,000 $291,289
    3-4% 22 $7,080,000 $321,818
    6-7% 5 $1,475,000 $295,000
    Over 8% 1 $375,000 $375,000

    During 2018, Interstate Home Loan Center's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 4-5%, with 227 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 197 $57,925,000 $294,036 $9,245 4.87%
    $100k-200k 74 $11,350,000 $153,378 $5,898 4.93%
    $400k-600k 72 $33,770,000 $469,028 $12,976 4.83%
    $600k-1MM 13 $9,135,000 $702,692 $15,679 4.85%
    $100,000 or less 3 $245,000 $81,667 $4,926 5.04%

    2018 saw Interstate Home Loan Center place emphasis on $200k-400k loans with 197 originations, totaling $57,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 110 $41,000,000 $372,727 $11,058 4.85%
    $75k-100k 79 $23,445,000 $296,772 $9,535 4.88%
    $50k-75k 73 $15,875,000 $217,466 $7,989 4.89%
    $50k or less 45 $9,105,000 $202,333 $7,061 4.81%
    $150k-250k 40 $17,810,000 $445,250 $10,319 4.88%
    $250k+ 9 $4,315,000 $479,444 $9,462 5.29%

    Interstate Home Loan Center lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $75k-100k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 66 $23,620,000 $357,879 $13,810 4.82%
    30-36% 35 $9,115,000 $260,429 $7,463 4.88%
    49% 25 $8,575,000 $343,000 $9,480 4.80%
    44% 24 $8,060,000 $335,833 $8,251 4.96%
    20-30% 21 $5,845,000 $278,333 $6,329 4.91%
    48% 21 $6,235,000 $296,905 $9,487 4.85%
    46% 20 $6,590,000 $329,500 $10,932 4.98%
    43% 18 $4,970,000 $276,111 $7,175 4.89%
    47% 18 $5,110,000 $283,889 $8,856 4.97%
    45% 14 $5,250,000 $375,000 $10,458 4.87%
    42% 13 $3,835,000 $295,000 $8,643 4.85%
    41% 11 $3,385,000 $307,727 $7,061 4.94%
    39% 11 $3,665,000 $333,182 $8,763 4.89%
    36% 10 $3,530,000 $353,000 $9,691 5.10%
    38% 10 $2,830,000 $283,000 $7,826 4.89%
    40% 10 $3,000,000 $300,000 $8,100 4.78%
    37% 8 $2,420,000 $302,500 $7,453 4.81%
    <20% 6 $1,760,000 $293,333 $7,765 5.33%
    >60% 2 $600,000 $300,000 $13,634 4.94%

    Interstate Home Loan Center lent most frequently to those with DTI ratios of 50-60%, with 66 originations. The next most common DTI ratio? 30-36%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 272 $85,710,000 $315,110 $9,172 4.85%
    Black 64 $19,070,000 $297,969 $10,178 4.97%
    Asian 22 $7,160,000 $325,455 $10,943 4.87%
    Native Hawaiian or Islander 1 $485,000 $485,000 $26,824 5.13%

    Approval Rates

    Total approvals of all applications
    93.51%

    Interstate Home Loan Center has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -33.98%

    Interstate Home Loan Center 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 359 $112,425,000 $313,162

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 358 $112,330,000 $313,771

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,720,000 $172,000 $5,690 5.00%
    40-60% 21 $5,395,000 $256,905 $8,168 5.02%
    60-80% 78 $26,010,000 $333,462 $7,750 4.98%
    80-100% 242 $77,560,000 $320,496 $10,329 4.82%
    Over 100% 4 $1,010,000 $252,500 $10,892 4.97%
    Under 20% 3 $535,000 $178,333 $6,351 4.83%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Intercoastal Mortgage LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%