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, Houston, College Station, Los Angeles, and Atlanta among others. We have data for 122 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 an above average pick rate when compared to similar lenders. They typically have relatively high rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/21/24 |
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
689Origination Dollar Volume (All Markets)
$905,165,000Top 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) | 55 | $131,465,000 | $2,390,273 | $0 | 5.80% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 32 | $72,710,000 | $2,272,188 | $0 | 6.31% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $52,950,000 | $26,475,000 | $0 | 5.28% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 9 | $45,465,000 | $5,051,667 | $0 | 6.30% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 30 | $43,870,000 | $1,462,333 | $0 | 6.35% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 24 | $30,350,000 | $1,264,583 | $0 | 5.86% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 19 | $30,275,000 | $1,593,421 | $0 | 5.93% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 39 | $28,915,000 | $741,410 | $0 | 6.08% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 9 | $23,365,000 | $2,596,111 | $0 | 6.08% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 34 | $22,160,000 | $651,765 | $0 | 6.07% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $21,375,000 | $7,125,000 | $0 | 5.12% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $19,895,000 | $6,631,667 | $0 | 5.85% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 22 | $17,610,000 | $800,455 | $0 | 5.73% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 9 | $15,565,000 | $1,729,444 | $0 | 6.05% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 19 | $15,445,000 | $812,895 | $0 | 5.92% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $14,710,000 | $7,355,000 | $0 | 5.33% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $13,915,000 | $2,783,000 | $0 | 6.05% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $13,175,000 | $13,175,000 | $0 | 5.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $12,865,000 | $4,288,333 | $0 | 6.01% |
| MONTGOMERY, AL (FHA|USDA|VA) | 4 | $12,790,000 | $3,197,500 | $0 | 4.94% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 14 | $12,550,000 | $896,429 | $0 | 5.83% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 15 | $11,625,000 | $775,000 | $0 | 6.28% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 14 | $11,220,000 | $801,429 | $0 | 5.83% |
| PITTSBURGH, PA (FHA|USDA|VA) | 10 | $10,960,000 | $1,096,000 | $0 | 5.92% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 11 | $9,665,000 | $878,636 | $0 | 6.24% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 42 | $8,860,000 | $210,952 | $0 | 6.65% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 6 | $8,640,000 | $1,440,000 | $0 | 5.58% |
| COLUMBUS, OH (FHA|USDA|VA) | 8 | $8,450,000 | $1,056,250 | $0 | 6.22% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $8,205,000 | $745,909 | $0 | 6.57% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 10 | $8,170,000 | $817,000 | $0 | 5.77% |
| BINGHAMTON, NY (FHA|USDA|VA) | 2 | $8,080,000 | $4,040,000 | $0 | 5.47% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 7 | $7,585,000 | $1,083,571 | $0 | 5.66% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $7,255,000 | $806,111 | $0 | 5.82% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $6,605,000 | $6,605,000 | $0 | 5.62% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 6 | $6,120,000 | $1,020,000 | $0 | 5.65% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $6,040,000 | $1,510,000 | $0 | 6.17% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $6,040,000 | $1,510,000 | $0 | 5.90% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $4,995,000 | $4,995,000 | $0 | 5.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $4,755,000 | $528,333 | $0 | 5.97% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $4,655,000 | $4,655,000 | $0 | 4.60% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $4,535,000 | $907,000 | $0 | 5.59% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $3,850,000 | $962,500 | $0 | 6.08% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 5 | $3,835,000 | $767,000 | $0 | 6.23% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $3,625,000 | $1,208,333 | $0 | 5.64% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $3,335,000 | $3,335,000 | $0 | 5.60% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $3,125,000 | $3,125,000 | $0 | 5.40% |
| Palestine, TX (FHA|USDA|VA) | 1 | $3,115,000 | $3,115,000 | $0 | 4.96% |
| Greenwood, MS (FHA|USDA|VA) | 1 | $2,835,000 | $2,835,000 | $0 | 5.11% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $2,785,000 | $2,785,000 | $0 | 6.09% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 4 | $2,750,000 | $687,500 | $0 | 6.48% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $2,675,000 | $535,000 | $0 | 6.12% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 5 | $2,615,000 | $523,000 | $0 | 6.29% |
| DECATUR, AL (FHA|USDA|VA) | 4 | $2,590,000 | $647,500 | $0 | 6.54% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $2,420,000 | $1,210,000 | $0 | 5.45% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $2,380,000 | $396,667 | $0 | 6.08% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $2,325,000 | $465,000 | $0 | 6.14% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $2,320,000 | $1,160,000 | $0 | 5.52% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $2,280,000 | $1,140,000 | $0 | 5.11% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $2,265,000 | $2,265,000 | $0 | 5.85% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 5 | $2,265,000 | $453,000 | $0 | 5.96% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $2,215,000 | $2,215,000 | $0 | 4.77% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $2,140,000 | $535,000 | $0 | 6.08% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $2,125,000 | $2,125,000 | $0 | 5.35% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $2,055,000 | $2,055,000 | $0 | 5.45% |
| AKRON, OH (FHA|USDA|VA) | 5 | $2,035,000 | $407,000 | $0 | 6.38% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $2,025,000 | $2,025,000 | $0 | 5.80% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,730,000 | $865,000 | $0 | 6.29% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $0 | 6.36% |
| TULSA, OK (FHA|USDA|VA) | 1 | $1,615,000 | $1,615,000 | $0 | 5.22% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $0 | 5.53% |
| Granbury, TX (FHA|USDA|VA) | 13 | $1,555,000 | $119,615 | $0 | 6.97% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $1,525,000 | $1,525,000 | $0 | 6.07% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $1,475,000 | $1,475,000 | $0 | 6.31% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $0 | 5.84% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $1,345,000 | $1,345,000 | $0 | 5.75% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 4.50% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $0 | 5.19% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $1,075,000 | $1,075,000 | $0 | 4.90% |
| READING, PA (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $0 | 4.74% |
| Boone, NC (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $0 | 5.77% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $0 | 6.16% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 6.25% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 5.97% |
| Montrose, CO (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 5.85% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 5.97% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 4.94% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 4.70% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 5.55% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 6.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 6.00% |
| Traverse City, MI (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 5.81% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 5.18% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 5.80% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 6.10% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 5.69% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 4.90% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 6.79% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 6.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 6.03% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.38% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.75% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 7.21% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.75% |
| SALEM, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 7.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 5.63% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 6.19% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.13% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 5.94% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.50% |
| OCALA, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 6.94% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 6.25% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 7.06% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.75% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.38% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.63% |
| Holland, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.75% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 689 | $905,165,000 | $1,313,737 | $0 | 6.05% |
For 2019, Corevest American Finance Lender's most frequently originated type of loan was Conventional, with 689 originations.
Loan Reason
For 2019, Corevest American Finance Lender's most frequently cited loan purpose was Cash Out Refi, with 348 originations. The 2nd most popular reason was Refi, with 246 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 689 | $905,165,000 | $1,313,737 | $0 | 6.05% |
For 2019, Corevest American Finance Lender's most frequently cited loan duration was 30 Year, with 689 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 291 | $599,395,000 | $2,059,777 |
| 6-7% | 282 | $129,970,000 | $460,887 |
| 4-5% | 59 | $168,855,000 | $2,861,949 |
| 7-8% | 57 | $6,945,000 | $121,842 |
During 2019, Corevest American Finance Lender's average interest rate for loans was 6.05%, while their most frequently originated rate bucket for loans was 5-6%, with 291 originations.
Loan Sizing
2019 saw Corevest American Finance Lender place emphasis on $100k-200k loans with 203 originations, totaling $26,945,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 689 | $905,165,000 | $1,313,737 | $0 | 6.05% |
Approval Rates
Total approvals of all applications98.33%
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 origination98.98%
Corevest American Finance Lender has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 689 | $905,165,000 | $1,313,737 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 286 | $844,590,000 | $2,953,112 |
| Single Family (1-4 Units):Site-Built | 403 | $60,575,000 | $150,310 |