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 Cash Out Refi loans. Corevest American Finance Lender has a high proportion of conventional loans. Their top markets by origination volume include: Houston, New York, Atlanta, New Haven, and Philadelphia among others. We have data for 83 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 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.

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% 3/28/24
30 Year Conventional Refi 6.27% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
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

277

Origination Dollar Volume (All Markets)

$751,995,000

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $102,685,000 $14,669,286 $0 5.74%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 27 $94,825,000 $3,512,037 $0 5.08%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 15 $58,495,000 $3,899,667 $0 5.43%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 21 $51,555,000 $2,455,000 $0 5.36%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 17 $49,495,000 $2,911,471 $0 5.48%
TUCSON, AZ (FHA|USDA|VA) 4 $33,590,000 $8,397,500 $0 5.13%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 23 $27,605,000 $1,200,217 $0 5.68%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $23,590,000 $5,897,500 $0 5.23%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $20,690,000 $3,448,333 $0 5.78%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 8 $18,420,000 $2,302,500 $0 5.48%
SAVANNAH, GA (FHA|USDA|VA) 2 $16,880,000 $8,440,000 $0 5.05%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $14,095,000 $4,698,333 $0 5.70%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $13,875,000 $1,982,143 $0 6.37%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $13,025,000 $2,605,000 $0 6.40%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $12,755,000 $12,755,000 $0 5.75%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $12,650,000 $1,581,250 $0 5.64%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $11,640,000 $5,820,000 $0 5.50%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $8,760,000 $4,380,000 $0 5.33%
COLUMBIA, SC (FHA|USDA|VA) 1 $8,205,000 $8,205,000 $0 4.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $8,185,000 $2,728,333 $0 5.57%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $7,600,000 $3,800,000 $0 4.95%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $7,130,000 $1,188,333 $0 5.29%
MONTGOMERY, AL (FHA|USDA|VA) 2 $6,310,000 $3,155,000 $0 5.98%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $6,250,000 $1,562,500 $0 6.38%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $5,420,000 $1,355,000 $0 5.41%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $5,115,000 $5,115,000 $0 6.20%
LOUISVILLE, KY (FHA|USDA|VA) 1 $5,085,000 $5,085,000 $0 5.60%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $5,065,000 $5,065,000 $0 5.70%
CHEYENNE, WY (FHA|USDA|VA) 1 $4,955,000 $4,955,000 $0 4.45%
BINGHAMTON, NY (FHA|USDA|VA) 1 $4,925,000 $4,925,000 $0 5.35%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $4,855,000 $4,855,000 $0 5.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $4,760,000 $2,380,000 $0 6.04%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $3,765,000 $3,765,000 $0 5.27%
LUBBOCK, TX (FHA|USDA|VA) 2 $3,640,000 $1,820,000 $0 5.55%
Aberdeen, WA (FHA|USDA|VA) 1 $3,595,000 $3,595,000 $0 4.96%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $3,560,000 $1,780,000 $0 5.55%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $3,540,000 $885,000 $0 5.90%
AKRON, OH (FHA|USDA|VA) 5 $3,535,000 $707,000 $0 5.35%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $3,475,000 $3,475,000 $0 5.90%
FRESNO, CA (FHA|USDA|VA) 3 $3,425,000 $1,141,667 $0 5.79%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $3,010,000 $1,505,000 $0 5.52%
VISALIA, CA (FHA|USDA|VA) 1 $2,855,000 $2,855,000 $0 5.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $2,835,000 $2,835,000 $0 4.90%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $2,605,000 $2,605,000 $0 6.15%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $2,600,000 $1,300,000 $0 6.88%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $2,355,000 $2,355,000 $0 6.23%
THE VILLAGES, FL (FHA|USDA|VA) 1 $2,175,000 $2,175,000 $0 5.50%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $2,135,000 $2,135,000 $0 5.35%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $2,125,000 $708,333 $0 6.82%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $2,015,000 $2,015,000 $0 5.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $2,010,000 $1,005,000 $0 6.69%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 4.76%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,880,000 $470,000 $0 6.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $1,625,000 $1,625,000 $0 5.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $1,615,000 $1,615,000 $0 5.18%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,370,000 $685,000 $0 6.50%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 4.99%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,330,000 $665,000 $0 5.76%
CLEVELAND, TN (FHA|USDA|VA) 1 $1,175,000 $1,175,000 $0 5.23%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $1,125,000 $225,000 $0 6.39%
JACKSON, MS (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $0 6.00%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $0 5.35%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $1,020,000 $510,000 $0 5.64%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $975,000 $975,000 $0 6.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $965,000 $965,000 $0 5.45%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $955,000 $955,000 $0 6.25%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $875,000 $875,000 $0 6.10%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $875,000 $875,000 $0 4.95%
Klamath Falls, OR (FHA|USDA|VA) 1 $855,000 $855,000 $0 6.20%
READING, PA (FHA|USDA|VA) 1 $795,000 $795,000 $0 5.30%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $785,000 $785,000 $0 6.05%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $755,000 $755,000 $0 4.95%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $625,000 $625,000 $0 5.56%
UTICA-ROME, NY (FHA|USDA|VA) 1 $535,000 $535,000 $0 6.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $445,000 $148,333 $0 5.50%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $420,000 $210,000 $0 6.23%
TULSA, OK (FHA|USDA|VA) 3 $335,000 $111,667 $0 6.33%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $315,000 $315,000 $0 6.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $310,000 $155,000 $0 5.25%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.50%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $230,000 $115,000 $0 5.40%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $170,000 $85,000 $0 7.25%
Corevest American Finance Lender's top markets include Houston, New York, Atlanta, New Haven, and Philadelphia among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 277 $751,995,000 $2,714,783 $0 5.63%

    For 2020, Corevest American Finance Lender's most frequently originated type of loan was Conventional, with 277 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 196 $625,890,000 $3,193,316 $0 5.53%
    Home Purchase 68 $93,430,000 $1,373,971 $0 5.89%
    Refi 13 $32,675,000 $2,513,462 $0 5.77%

    For 2020, Corevest American Finance Lender's most frequently cited loan purpose was Cash Out Refi, with 196 originations. The 2nd most popular reason was Home Purchase, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 277 $751,995,000 $2,714,783 $0 5.63%

    For 2020, Corevest American Finance Lender's most frequently cited loan duration was 30 Year, with 277 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 159 $418,505,000 $2,632,107
    4-5% 56 $283,430,000 $5,061,250
    6-7% 37 $41,815,000 $1,130,135
    7-8% 24 $4,120,000 $171,667
    3-4% 1 $4,125,000 $4,125,000

    During 2020, Corevest American Finance Lender's average interest rate for loans was 5.63%, while their most frequently originated rate bucket for loans was 5-6%, with 159 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 159 $703,265,000 $4,423,050 $0 5.38%
    $600k-1MM 41 $32,375,000 $789,634 $0 5.57%
    $100k-200k 34 $5,070,000 $149,118 $0 6.12%
    $100,000 or less 21 $1,795,000 $85,476 $0 6.69%
    $400k-600k 13 $6,965,000 $535,769 $0 5.78%
    $200k-400k 9 $2,525,000 $280,556 $0 5.81%

    2020 saw Corevest American Finance Lender place emphasis on $1MM+ loans with 159 originations, totaling $703,265,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 254 $749,550,000 $2,950,984 $0 5.52%
    Asian 22 $2,350,000 $106,818 $0 6.86%
    Black 1 $95,000 $95,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    78.34%

    Corevest American Finance Lender has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 277 $751,995,000 $2,714,783

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 212 $741,720,000 $3,498,679
    Single Family (1-4 Units):Site-Built 65 $10,275,000 $158,077

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 39 $62,025,000 $1,590,385 $0 5.45%
    40-60% 46 $67,860,000 $1,475,217 $0 5.71%
    60-80% 92 $216,380,000 $2,351,957 $0 5.88%
    80-100% 11 $32,565,000 $2,960,455 $0 5.50%
    Over 100% 60 $351,340,000 $5,855,667 $0 5.61%
    Under 20% 29 $21,825,000 $752,586 $0 5.05%