First Ic Corporation Mortgage Rates, Fees & Info
Doraville, GALEI: 5493004LYI6NSVMGYH15
Tax ID: 50-2256078
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Ic Corporation is a smaller mortgage company specializing in Home Purchase loans. First Ic Corporation has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlanta, Seattle, Worcester, and Naples among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)First Ic Corporation 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.
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Originations
87Origination Dollar Volume (All Markets)
$33,165,000Top 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) | 27 | $15,015,000 | $556,111 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 17 | $4,805,000 | $282,647 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $1,340,000 | $335,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $0 | 0.00% |
| DALTON, GA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Wooster, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First IC Corporation 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 | 87 | $33,165,000 | $381,207 | $0 | 0.00% |
For 2024, First Ic Corporation's most frequently originated type of loan was Conventional, with 87 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 76 | $28,860,000 | $379,737 | $0 | 0.00% |
| Refi | 10 | $4,130,000 | $413,000 | $0 | 0.00% |
| Cash Out Refi | 1 | $175,000 | $175,000 | $0 | 0.00% |
For 2024, First Ic Corporation's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 87 | $33,165,000 | $381,207 | $0 | 0.00% |
For 2024, First Ic Corporation's most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2024 saw First Ic Corporation place emphasis on $200k-400k loans with 35 originations, totaling $9,975,000 in origination value.
Applicant Income
First Ic Corporation lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $150k-250k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $33,165,000 | $381,207 | $0 | 0.00% |
First Ic Corporation lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.30%
First Ic Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.46%
First Ic Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 87 | $33,165,000 | $381,207 |