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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 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
277Origination Dollar Volume (All Markets)
$751,995,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
2020 saw Corevest American Finance Lender place emphasis on $1MM+ loans with 159 originations, totaling $703,265,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination78.34%
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 |