First Ic Corporation Mortgage Rates, Fees & Info
Doraville, GALEI: 5493004LYI6NSVMGYH15
Tax ID: 50-2256078
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Orlando, Richmond, and Philadelphia among others. We have data for 63 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.
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.
Originations
170Origination Dollar Volume (All Markets)
$69,580,000Top 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) | 43 | $21,165,000 | $492,209 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $17,385,000 | $1,159,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $2,505,000 | $357,857 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 8 | $2,030,000 | $253,750 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $1,780,000 | $222,500 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $735,000 | $245,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (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.
Similarity Rank: 546
Similarity Rank: 900
Similarity Rank: 925
Similarity Rank: 1076
Similarity Rank: 1320
Similarity Rank: 1608
Similarity Rank: 1656
Similarity Rank: 1700
Similarity Rank: 2847
Similarity Rank: 2904
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 170 | $69,580,000 | $409,294 | $0 | 0.00% |
For 2023, First Ic Corporation's most frequently originated type of loan was Conventional, with 170 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 160 | $66,720,000 | $417,000 | $0 | 0.00% |
| Refi | 10 | $2,860,000 | $286,000 | $0 | 0.00% |
For 2023, First Ic Corporation's most frequently cited loan purpose was Home Purchase, with 160 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 | 170 | $69,580,000 | $409,294 | $0 | 0.00% |
For 2023, First Ic Corporation's most frequently cited loan duration was Other, with 170 originations.
Loan Sizing
2023 saw First Ic Corporation place emphasis on $200k-400k loans with 99 originations, totaling $29,425,000 in origination value.
Applicant Income
First Ic Corporation lent most frequently to those with incomes in the $100k-150k range, with 88 originations. The second most popular income band? $75k-100k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 170 | $69,580,000 | $409,294 | $0 | 0.00% |
First Ic Corporation lent most frequently to those with DTI ratios of Exempt%, with 170 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.25%
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 origination67.65%
First Ic Corporation 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 |
|---|---|---|---|
| Exempt | 170 | $69,580,000 | $409,294 |