Corevest American Finance Lender Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300MQEDQYDJR8CP22

Tax ID: 47-1514565

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Corevest American Finance Lender is a small mortgage company specializing in Home Purchase and Refi loans. Corevest American Finance Lender has a high proportion of conventional loans. Their top markets include Atlanta, New York, Chicago, Miami, and Tampa among others. Corevest American Finance Lender has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

519

Origination Dollar Volume (All Markets)

$2,822,985,000

Relative Rate

Corevest American Finance Lender 's average 30 year fixed rate mortgage of loans were 4.51%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 1.36%.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 31 $288,195,000 $9,296,613 $0 5.31%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 35 $176,755,000 $5,050,143 $0 5.36%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 24 $163,010,000 $6,792,083 $0 5.52%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 19 $128,715,000 $6,774,474 $0 5.95%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $111,715,000 $10,155,909 $0 4.64%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 19 $104,335,000 $5,491,316 $0 4.70%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $94,125,000 $13,446,429 $0 5.68%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 11 $88,635,000 $8,057,727 $0 4.77%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 13 $83,615,000 $6,431,923 $0 5.32%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 24 $78,980,000 $3,290,833 $0 5.22%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 23 $75,055,000 $3,263,261 $0 4.97%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $64,115,000 $21,371,667 $0 4.86%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $59,070,000 $9,845,000 $0 4.01%
PANAMA CITY, FL (FHA|USDA|VA) 2 $55,620,000 $27,810,000 $0 7.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 12 $55,080,000 $4,590,000 $0 5.59%
BLOOMINGTON, IN (FHA|USDA|VA) 2 $51,500,000 $25,750,000 $0 5.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 18 $45,490,000 $2,527,222 $0 5.42%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $44,125,000 $14,708,333 $0 5.53%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 4 $42,710,000 $10,677,500 $0 5.50%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $36,910,000 $4,613,750 $0 5.07%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $34,005,000 $34,005,000 $0 6.50%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 5 $30,515,000 $6,103,000 $0 5.41%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $29,405,000 $5,881,000 $0 5.24%
DOVER, DE (FHA|USDA|VA) 1 $27,605,000 $27,605,000 $0 7.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 4 $27,170,000 $6,792,500 $0 5.24%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $26,950,000 $2,695,000 $0 4.76%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $26,725,000 $26,725,000 $0 5.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $25,700,000 $4,283,333 $0 4.67%
TUCSON, AZ (FHA|USDA|VA) 3 $25,685,000 $8,561,667 $0 6.25%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 5 $24,865,000 $4,973,000 $0 5.70%
LUBBOCK, TX (FHA|USDA|VA) 2 $23,310,000 $11,655,000 $0 5.68%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $22,505,000 $22,505,000 $0 5.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $21,970,000 $2,746,250 $0 5.07%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $20,405,000 $20,405,000 $0 6.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $18,690,000 $9,345,000 $0 5.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 9 $18,345,000 $2,038,333 $0 5.17%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $18,225,000 $6,075,000 $0 5.45%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $17,555,000 $5,851,667 $0 5.41%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $17,400,000 $8,700,000 $0 4.04%
SAVANNAH, GA (FHA|USDA|VA) 6 $17,330,000 $2,888,333 $0 5.14%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $16,475,000 $5,491,667 $0 4.64%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $16,210,000 $8,105,000 $0 6.62%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $16,000,000 $8,000,000 $0 4.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $15,785,000 $5,261,667 $0 6.04%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $15,310,000 $3,827,500 $0 5.46%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $15,010,000 $2,501,667 $0 5.04%
OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $14,220,000 $2,370,000 $0 6.05%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $14,030,000 $3,507,500 $0 5.24%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $13,220,000 $3,305,000 $0 5.26%
COLUMBUS, OH (FHA|USDA|VA) 5 $13,005,000 $2,601,000 $0 5.14%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $12,960,000 $2,160,000 $0 5.08%
Branson, MO (FHA|USDA|VA) 1 $12,255,000 $12,255,000 $0 7.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $11,885,000 $11,885,000 $0 4.16%
GREENVILLE, NC (FHA|USDA|VA) 3 $11,455,000 $3,818,333 $0 4.90%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $11,440,000 $2,860,000 $0 5.74%
AKRON, OH (FHA|USDA|VA) 5 $11,305,000 $2,261,000 $0 5.33%
DAYTON-KETTERING, OH (FHA|USDA|VA) 8 $10,790,000 $1,348,750 $0 5.83%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $10,005,000 $10,005,000 $0 6.20%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $10,005,000 $10,005,000 $0 5.50%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $9,995,000 $9,995,000 $0 5.44%
STOCKTON, CA (FHA|USDA|VA) 3 $9,965,000 $3,321,667 $0 5.56%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $9,230,000 $4,615,000 $0 5.62%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $8,860,000 $4,430,000 $0 5.28%
MONTGOMERY, AL (FHA|USDA|VA) 2 $8,500,000 $4,250,000 $0 4.93%
SALINAS, CA (FHA|USDA|VA) 1 $8,255,000 $8,255,000 $0 3.77%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $8,005,000 $8,005,000 $0 6.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $7,670,000 $3,835,000 $0 4.73%
EL PASO, TX (FHA|USDA|VA) 2 $7,540,000 $3,770,000 $0 5.50%
Outside of Metro Areas 4 $7,060,000 $1,765,000 $0 5.37%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $7,005,000 $7,005,000 $0 5.95%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $6,825,000 $6,825,000 $0 3.65%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $6,720,000 $3,360,000 $0 5.31%
ROCHESTER, NY (FHA|USDA|VA) 3 $5,535,000 $1,845,000 $0 6.76%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $5,430,000 $2,715,000 $0 6.19%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $5,345,000 $5,345,000 $0 4.15%
KNOXVILLE, TN (FHA|USDA|VA) 2 $5,260,000 $2,630,000 $0 4.57%
COLUMBIA, SC (FHA|USDA|VA) 2 $5,110,000 $2,555,000 $0 4.47%
Holland, MI (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 6.25%
Jasper, AL (FHA|USDA|VA) 1 $4,685,000 $4,685,000 $0 4.62%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $4,510,000 $2,255,000 $0 6.48%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $4,505,000 $1,501,667 $0 5.89%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $4,480,000 $2,240,000 $0 5.91%
JACKSON, MS (FHA|USDA|VA) 1 $4,455,000 $4,455,000 $0 5.75%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $4,440,000 $2,220,000 $0 5.66%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $4,235,000 $4,235,000 $0 5.41%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $4,005,000 $4,005,000 $0 6.50%
Morehead City, NC (FHA|USDA|VA) 1 $3,835,000 $3,835,000 $0 4.50%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $3,305,000 $3,305,000 $0 6.30%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $3,280,000 $1,640,000 $0 5.01%
TULSA, OK (FHA|USDA|VA) 2 $3,130,000 $1,565,000 $0 4.48%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $3,080,000 $1,540,000 $0 5.37%
TOLEDO, OH (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 6.80%
CHEYENNE, WY (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 6.80%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $2,995,000 $2,995,000 $0 4.71%
BINGHAMTON, NY (FHA|USDA|VA) 1 $2,995,000 $2,995,000 $0 4.99%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $2,715,000 $2,715,000 $0 5.17%
BOISE CITY, ID (FHA|USDA|VA) 1 $2,695,000 $2,695,000 $0 4.48%
ABILENE, TX (FHA|USDA|VA) 1 $2,515,000 $2,515,000 $0 4.90%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 5.32%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $2,295,000 $2,295,000 $0 4.84%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $2,285,000 $2,285,000 $0 4.22%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $2,225,000 $2,225,000 $0 5.70%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $2,155,000 $2,155,000 $0 4.53%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $2,025,000 $2,025,000 $0 4.87%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 7.20%
MOBILE, AL (FHA|USDA|VA) 1 $1,645,000 $1,645,000 $0 4.65%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $1,610,000 $805,000 $0 5.31%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $1,575,000 $1,575,000 $0 5.65%
SALEM, OR (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $0 4.21%
FRESNO, CA (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 4.71%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $1,415,000 $1,415,000 $0 4.77%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $0 5.67%
ANCHORAGE, AK (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $0 6.67%
YAKIMA, WA (FHA|USDA|VA) 1 $1,035,000 $1,035,000 $0 4.69%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 7.65%
ELMIRA, NY (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 6.99%
ANN ARBOR, MI (FHA|USDA|VA) 1 $855,000 $855,000 $0 5.45%
PROVO-OREM, UT (FHA|USDA|VA) 1 $835,000 $835,000 $0 4.76%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $785,000 $785,000 $0 4.01%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $765,000 $765,000 $0 5.43%
Klamath Falls, OR (FHA|USDA|VA) 1 $755,000 $755,000 $0 5.12%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $695,000 $695,000 $0 6.62%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $685,000 $685,000 $0 4.91%
PEORIA, IL (FHA|USDA|VA) 1 $675,000 $675,000 $0 5.70%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $655,000 $655,000 $0 5.36%
RICHMOND, VA (FHA|USDA|VA) 1 $655,000 $655,000 $0 4.84%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $645,000 $645,000 $0 5.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $645,000 $645,000 $0 4.66%
PITTSBURGH, PA (FHA|USDA|VA) 1 $615,000 $615,000 $0 5.62%
FLORENCE, SC (FHA|USDA|VA) 1 $545,000 $545,000 $0 5.12%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $515,000 $515,000 $0 5.15%

Corevest American Finance Lender 's top markets include Atlanta, New York, Chicago, Miami, and Tampa among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 519 $2,822,985,000 $5,439,277 $0 5.31%

For the 2021 period, Corevest American Finance Lender 's most frequently originated loan type of loans were Conventional, with 519 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 354 $1,253,230,000 $3,540,198 $0 4.83%
Refi 165 $1,569,755,000 $9,513,667 $0 6.33%

For the 2021, Corevest American Finance Lender 's most frequently cited loan purpose of loans were Home Purchase, with 354 originations. The 2nd most popular reason of loans were Refi, with 165 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
5 Year 184 $719,970,000 $3,912,880 $0 4.90%
Other 165 $1,463,815,000 $8,871,606 $0 6.33%
10 Year 150 $468,570,000 $3,123,800 $0 4.74%
3 Year 15 $164,445,000 $10,963,000 $0 4.69%
30 Year 4 $5,020,000 $1,255,000 $0 4.51%
1 Year 1 $1,165,000 $1,165,000 $0 6.95%

For the 2021, Corevest American Finance Lender 's most frequently cited loan length of loans were 5 Year, with 184 originations. The 2nd most popular length of loans were Other, with 165 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
4-5% 221 $991,125,000 $4,484,729
5-6% 161 $903,625,000 $5,612,578
6-7% 79 $559,185,000 $7,078,291
3-4% 27 $185,725,000 $6,878,704
7-8% 25 $161,115,000 $6,444,600
Over 8% 6 $22,210,000 $3,701,667

During 2021, Corevest American Finance Lender 's average interest rate of loans were 4.51%, while their most frequently originated rate bucket of loans were 4-5%, with 221 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 446 $2,771,480,000 $6,214,081 $0 5.34%
$600k-1MM 58 $43,590,000 $751,552 $0 5.11%
$400k-600k 15 $7,915,000 $527,667 $0 4.97%

2021 saw Corevest American Finance Lender place emphasis on $1MM+ loans with 446 originations, totaling $2,771,480,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 519 $2,822,985,000 $5,439,277 $0 5.31%

Approval Rates

Total approvals of all applications
96.71%

Corevest American Finance Lender 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
64.41%

Corevest American Finance Lender 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 519 $2,822,985,000 $5,439,277

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
519 $2,822,985,000 $5,439,277

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
40-60% 47 $191,165,000 $4,067,340 $0 4.53%
60-80% 322 $1,129,520,000 $3,507,826 $0 4.92%
80-100% 25 $256,635,000 $10,265,400 $0 5.62%
Over 100% 124 $1,233,960,000 $9,951,290 $0 6.55%
Under 20% 1 $11,705,000 $11,705,000 $0 5.50%