Interstate Home Loan Center Mortgage Rates, Fees & Info
MELVILLE, NYLEI: 5493003X6Y6JGJKHPA25
Tax ID: 11-3217224
Latest/2023 | 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 and Cash Out Refi loans. Interstate Home Loan Center has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: New York, Prescott Valley, Los Angeles, Poughkeepsie, and Atlanta among others. We have data for 31 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.
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 | 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
337Origination Dollar Volume (All Markets)
$117,185,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 258 | $98,500,000 | $381,783 | $9,989 | 4.18% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 10 | $2,280,000 | $228,000 | $5,014 | 4.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,790,000 | $447,500 | $9,214 | 4.25% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $10,129 | 3.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $9,067 | 4.90% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $7,305 | 4.69% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $9,054 | 4.59% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $6,421 | 4.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $7,649 | 4.59% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $8,735 | 4.58% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,431 | 3.81% |
| Outside of Metro Areas | 4 | $690,000 | $172,500 | $6,862 | 4.78% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,140 | 4.96% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,740 | 4.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,801 | 3.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,749 | 4.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,316 | 3.88% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,728 | 4.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,931 | 4.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,985 | 4.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,882 | 4.13% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,418 | 3.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,331 | 4.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,860 | 4.75% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,384 | 4.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,462 | 4.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,778 | 4.75% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,000 | 5.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,798 | 4.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,715 | 4.25% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,267 | 5.50% |
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: 45
Similarity Rank: 56
Similarity Rank: 104
Similarity Rank: 104
Similarity Rank: 114
Similarity Rank: 115
Similarity Rank: 124
Similarity Rank: 150
Similarity Rank: 156
Similarity Rank: 168
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 218 | $76,640,000 | $351,560 | $7,229 | 4.24% |
| FHA | 109 | $37,635,000 | $345,275 | $13,657 | 4.22% |
| VA | 10 | $2,910,000 | $291,000 | $6,210 | 4.70% |
For 2019, Interstate Home Loan Center's most frequently originated type of loan was Conventional, with 218 originations. Their 2nd most popular type was FHA, with 109 originations.
Loan Reason
For 2019, Interstate Home Loan Center's most frequently cited loan purpose was Home Purchase, with 169 originations. The 2nd most popular reason was Cash Out Refi, with 109 originations.
Loan Duration/Length
For 2019, Interstate Home Loan Center's most frequently cited loan duration was 30 Year, with 313 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
Interstate Home Loan Center's average total fees were $9,497, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 111 originations.
Interest Rates
During 2019, Interstate Home Loan Center's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 3-4%, with 154 originations.
Loan Sizing
2019 saw Interstate Home Loan Center place emphasis on $200k-400k loans with 188 originations, totaling $57,550,000 in origination value.
Applicant Income
Interstate Home Loan Center lent most frequently to those with incomes in the $100k-150k range, with 120 originations. The second most popular income band? $75k-100k, with 86 originations.
Applicant Debt to Income Ratio
Interstate Home Loan Center lent most frequently to those with DTI ratios of 30-36%, with 60 originations. The next most common DTI ratio? 50-60%, with 55 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.57%
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 origination-4.45%
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 | 337 | $117,185,000 | $347,730 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $450,000 | $225,000 |
| Single Family (1-4 Units):Site-Built | 335 | $116,735,000 | $348,463 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INTERCONTINENTAL CAPITAL GROUP | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |