Corevest American Finance Lender Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300MQEDQYDJR8CP22

Tax ID: 47-1514565

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Mortgage Data

Review & Overview

Corevest American Finance Lender is a smaller mortgage company specializing in Refi loans. Corevest American Finance Lender has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Chicago, Philadelphia, Savannah, and South Bend among others. We have data for 72 markets. (Some data included below & more in-depth data is available with an active subscription.)

Corevest American Finance Lender 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.27% 12/5/24
30 Year Conventional Refi 6.27% 12/5/24
30 Year Cash-out Refi 6.27% 12/5/24
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.

Corevest American Finance Lender Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Corevest American Finance Lender. 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

178

Origination Dollar Volume (All Markets)

$523,070,000

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
ROCHESTER, NY (FHA|USDA|VA) 2 $49,980,000 $24,990,000 $0 7.13%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $46,785,000 $6,683,571 $0 7.67%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $32,335,000 $2,487,308 $0 5.43%
SAVANNAH, GA (FHA|USDA|VA) 1 $28,725,000 $28,725,000 $0 6.50%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $25,990,000 $12,995,000 $0 3.04%
DAYTON-KETTERING, OH (FHA|USDA|VA) 12 $18,140,000 $1,511,667 $0 6.64%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $17,915,000 $5,971,667 $0 6.79%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $17,285,000 $3,457,000 $0 5.92%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 10 $15,850,000 $1,585,000 $0 7.42%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 12 $15,640,000 $1,303,333 $0 7.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 5 $15,435,000 $3,087,000 $0 7.10%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $15,150,000 $3,787,500 $0 6.76%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $14,060,000 $7,030,000 $0 6.99%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $12,670,000 $6,335,000 $0 7.39%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $11,925,000 $3,975,000 $0 7.36%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $11,505,000 $3,835,000 $0 7.19%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 4 $11,180,000 $2,795,000 $0 7.63%
SPARTANBURG, SC (FHA|USDA|VA) 1 $8,555,000 $8,555,000 $0 6.57%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $8,320,000 $4,160,000 $0 7.04%
Statesboro, GA (FHA|USDA|VA) 2 $7,820,000 $3,910,000 $0 6.92%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $7,620,000 $3,810,000 $0 7.25%
DOVER, DE (FHA|USDA|VA) 2 $7,380,000 $3,690,000 $0 7.57%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $7,175,000 $7,175,000 $0 7.33%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $7,005,000 $7,005,000 $0 6.80%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $6,825,000 $6,825,000 $0 7.27%
SPRINGFIELD, MA (FHA|USDA|VA) 4 $6,640,000 $1,660,000 $0 7.32%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $6,410,000 $3,205,000 $0 7.26%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $6,300,000 $630,000 $0 0.75%
KNOXVILLE, TN (FHA|USDA|VA) 2 $6,040,000 $3,020,000 $0 7.08%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $5,040,000 $2,520,000 $0 7.33%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $4,770,000 $2,385,000 $0 7.55%
ROCKY MOUNT, NC (FHA|USDA|VA) 2 $4,640,000 $2,320,000 $0 7.24%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $4,185,000 $4,185,000 $0 6.41%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $3,905,000 $3,905,000 $0 7.83%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $3,810,000 $1,905,000 $0 7.81%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $3,140,000 $1,570,000 $0 6.91%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $3,070,000 $1,535,000 $0 7.53%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $2,915,000 $2,915,000 $0 6.52%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $2,500,000 $1,250,000 $0 6.97%
TULSA, OK (FHA|USDA|VA) 2 $2,140,000 $1,070,000 $0 7.64%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $2,115,000 $2,115,000 $0 7.76%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $2,105,000 $701,667 $0 2.47%
Chillicothe, OH (FHA|USDA|VA) 1 $2,085,000 $2,085,000 $0 8.22%
LINCOLN, NE (FHA|USDA|VA) 1 $2,085,000 $2,085,000 $0 6.85%
TOLEDO, OH (FHA|USDA|VA) 2 $1,980,000 $990,000 $0 7.38%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $1,955,000 $1,955,000 $0 7.42%
EL CENTRO, CA (FHA|USDA|VA) 1 $1,875,000 $1,875,000 $0 7.92%
Washington Court House, OH (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $0 7.90%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $1,585,000 $1,585,000 $0 7.17%
AKRON, OH (FHA|USDA|VA) 1 $1,555,000 $1,555,000 $0 7.39%
SYRACUSE, NY (FHA|USDA|VA) 1 $1,325,000 $1,325,000 $0 7.06%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $0 6.90%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,195,000 $398,333 $0 2.39%
STOCKTON, CA (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $0 8.49%
ALBANY, GA (FHA|USDA|VA) 1 $1,035,000 $1,035,000 $0 7.85%
BINGHAMTON, NY (FHA|USDA|VA) 1 $945,000 $945,000 $0 7.30%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $915,000 $915,000 $0 8.57%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $885,000 $885,000 $0 7.08%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $790,000 $395,000 $0 3.61%
PITTSBURGH, PA (FHA|USDA|VA) 1 $785,000 $785,000 $0 7.91%
Atchison, KS (FHA|USDA|VA) 1 $765,000 $765,000 $0 7.28%
Stillwater, OK (FHA|USDA|VA) 1 $755,000 $755,000 $0 7.13%
COLUMBUS, OH (FHA|USDA|VA) 1 $705,000 $705,000 $0 6.97%
Newport, OR (FHA|USDA|VA) 1 $705,000 $705,000 $0 7.70%
RICHMOND, VA (FHA|USDA|VA) 1 $665,000 $665,000 $0 6.65%
ANCHORAGE, AK (FHA|USDA|VA) 1 $635,000 $635,000 $0 7.43%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $605,000 $605,000 $0 7.68%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $575,000 $575,000 $0 8.02%
FLINT, MI (FHA|USDA|VA) 1 $505,000 $505,000 $0 7.65%
Holland, MI (FHA|USDA|VA) 1 $505,000 $505,000 $0 8.29%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
KOKOMO, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Corevest American Finance Lender's top markets include Rochester, Chicago, Philadelphia, Savannah, and South Bend among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 178 $523,070,000 $2,938,596 $0 6.33%

    For 2023, Corevest American Finance Lender's most frequently originated type of loan was Conventional, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 159 $500,025,000 $3,144,811 $0 6.22%
    Home Purchase 19 $23,045,000 $1,212,895 $0 7.26%

    For 2023, Corevest American Finance Lender's most frequently cited loan purpose was Refi, with 159 originations. The 2nd most popular reason was Home Purchase, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 84 $298,960,000 $3,559,048 $0 5.95%
    10 Year 79 $197,075,000 $2,494,620 $0 6.71%
    Other 12 $23,780,000 $1,981,667 $0 6.13%
    3 Year 3 $3,255,000 $1,085,000 $0 8.05%

    For 2023, Corevest American Finance Lender's most frequently cited loan duration was 5 Year, with 84 originations. The 2nd most popular length was 10 Year, with 79 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 96 $300,480,000 $3,130,000
    6-7% 42 $193,320,000 $4,602,857
    <2.5% 24 $4,370,000 $182,083
    Over 8% 15 $17,685,000 $1,179,000
    5-6% 1 $7,215,000 $7,215,000

    During 2023, Corevest American Finance Lender's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 96 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 99 $477,945,000 $4,827,727 $0 7.20%
    $600k-1MM 48 $37,130,000 $773,542 $0 7.37%
    $100k-200k 17 $2,315,000 $136,176 $0 0.00%
    $400k-600k 9 $4,805,000 $533,889 $0 6.69%
    $100,000 or less 3 $255,000 $85,000 $0 0.00%
    $200k-400k 2 $620,000 $310,000 $0 0.00%

    2023 saw Corevest American Finance Lender place emphasis on $1MM+ loans with 99 originations, totaling $477,945,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 176 $522,390,000 $2,968,125 $0 6.37%
    Not provided 2 $680,000 $340,000 $0 3.45%

    Approval Rates

    Total approvals of all applications
    96.89%

    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
    60.11%

    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 178 $523,070,000 $2,938,596

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    178 $523,070,000 $2,938,596

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $4,790,000 $1,197,500 $0 1.62%
    40-60% 40 $98,730,000 $2,468,250 $0 5.86%
    60-80% 109 $325,345,000 $2,984,817 $0 6.47%
    Over 100% 24 $93,640,000 $3,901,667 $0 7.26%
    Under 20% 1 $565,000 $565,000 $0 7.61%