Corevest American Finance Lender Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300MQEDQYDJR8CP22
Tax ID: 47-1514565
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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.
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Originations
178Origination Dollar Volume (All Markets)
$523,070,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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 applications96.89%
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 origination60.11%
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 |