Corevest American Finance Lender Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 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: New York, Chicago, Kansas City, Atlanta, and Philadelphia among others. We have data for 73 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. They typically have about average rates.
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Originations
173Origination Dollar Volume (All Markets)
$426,985,000Top 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) | 16 | $45,660,000 | $2,853,750 | $0 | 6.15% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $29,895,000 | $2,717,727 | $0 | 5.99% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $22,395,000 | $7,465,000 | $0 | 6.21% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $21,410,000 | $2,676,250 | $0 | 6.26% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $21,125,000 | $1,920,455 | $0 | 6.33% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $20,725,000 | $20,725,000 | $0 | 5.85% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $16,070,000 | $2,678,333 | $0 | 6.32% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $15,630,000 | $3,907,500 | $0 | 6.14% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 6 | $15,620,000 | $2,603,333 | $0 | 6.06% |
| Portales, NM (FHA|USDA|VA) | 1 | $14,415,000 | $14,415,000 | $0 | 5.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $12,675,000 | $2,535,000 | $0 | 6.01% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $12,425,000 | $2,485,000 | $0 | 6.26% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $11,780,000 | $5,890,000 | $0 | 6.18% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $8,490,000 | $2,122,500 | $0 | 6.15% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $6,860,000 | $3,430,000 | $0 | 6.01% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $6,595,000 | $6,595,000 | $0 | 6.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $6,530,000 | $1,632,500 | $0 | 6.53% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $6,075,000 | $2,025,000 | $0 | 6.19% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $5,855,000 | $5,855,000 | $0 | 5.73% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $5,685,000 | $1,895,000 | $0 | 6.53% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $5,560,000 | $1,390,000 | $0 | 6.68% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $5,500,000 | $2,750,000 | $0 | 6.19% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $5,275,000 | $1,758,333 | $0 | 6.46% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $5,145,000 | $5,145,000 | $0 | 5.80% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 6.80% |
| Outside of Metro Areas | 1 | $4,805,000 | $4,805,000 | $0 | 6.14% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $4,580,000 | $2,290,000 | $0 | 6.04% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $4,380,000 | $2,190,000 | $0 | 6.21% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $4,225,000 | $1,408,333 | $0 | 6.35% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $3,920,000 | $980,000 | $0 | 6.31% |
| AKRON, OH (FHA|USDA|VA) | 1 | $3,605,000 | $3,605,000 | $0 | 6.18% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $3,605,000 | $1,201,667 | $0 | 6.35% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $3,560,000 | $1,780,000 | $0 | 6.54% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $3,470,000 | $1,735,000 | $0 | 6.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $3,165,000 | $1,055,000 | $0 | 6.41% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $3,110,000 | $1,555,000 | $0 | 6.32% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $2,635,000 | $2,635,000 | $0 | 5.92% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 5.68% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $2,495,000 | $2,495,000 | $0 | 6.08% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $2,455,000 | $2,455,000 | $0 | 6.32% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $2,380,000 | $1,190,000 | $0 | 6.75% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $2,235,000 | $2,235,000 | $0 | 6.10% |
| Laconia, NH (FHA|USDA|VA) | 1 | $2,155,000 | $2,155,000 | $0 | 6.10% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $2,045,000 | $2,045,000 | $0 | 5.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $1,965,000 | $1,965,000 | $0 | 5.72% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,940,000 | $970,000 | $0 | 6.70% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,935,000 | $1,935,000 | $0 | 6.80% |
| Danville, VA (FHA|USDA|VA) | 1 | $1,865,000 | $1,865,000 | $0 | 6.52% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $1,800,000 | $900,000 | $0 | 6.35% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $1,785,000 | $1,785,000 | $0 | 6.06% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,715,000 | $1,715,000 | $0 | 6.57% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $1,715,000 | $1,715,000 | $0 | 5.93% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $1,495,000 | $1,495,000 | $0 | 5.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $0 | 6.97% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $0 | 6.52% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $0 | 6.30% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $0 | 6.85% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $0 | 6.41% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $0 | 6.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 6.46% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $0 | 6.58% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $0 | 6.35% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $0 | 6.16% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 6.10% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 6.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 6.38% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 5.96% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 5.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 6.85% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 6.12% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 6.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 6.72% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 6.23% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 173 | $426,985,000 | $2,468,121 | $0 | 6.25% |
For 2018, Corevest American Finance Lender's most frequently originated type of loan was Conventional, with 173 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 141 | $353,645,000 | $2,508,121 | $0 | 6.22% |
| Home Purchase | 32 | $73,340,000 | $2,291,875 | $0 | 6.37% |
For 2018, Corevest American Finance Lender's most frequently cited loan purpose was Refi, with 141 originations. The 2nd most popular reason was Home Purchase, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 173 | $426,985,000 | $2,468,121 | $0 | 6.25% |
For 2018, Corevest American Finance Lender's most frequently cited loan duration was 30 Year, with 173 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 127 | $210,365,000 | $1,656,417 |
| 5-6% | 45 | $215,055,000 | $4,779,000 |
| 7-8% | 1 | $1,565,000 | $1,565,000 |
During 2018, Corevest American Finance Lender's average interest rate for loans was 6.25%, while their most frequently originated rate bucket for loans was 6-7%, with 127 originations.
Loan Sizing
2018 saw Corevest American Finance Lender place emphasis on $1MM+ loans with 124 originations, totaling $394,060,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 173 | $426,985,000 | $2,468,121 | $0 | 6.25% |
Approval Rates
Total approvals of all applications96.38%
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-45.66%
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 | 173 | $426,985,000 | $2,468,121 |