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 small mortgage company specializing in Home Purchase and Refi loans. Corevest American Finance Lender has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, New York, Chicago, Miami, and Tampa among others. We have data for 131 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.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

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






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

519

Origination Dollar Volume (All Markets)

$2,822,985,000

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 31 $288,195,000 $9,296,613 $0 5.31%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 35 $176,755,000 $5,050,143 $0 5.36%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 24 $163,010,000 $6,792,083 $0 5.52%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 19 $128,715,000 $6,774,474 $0 5.95%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $111,715,000 $10,155,909 $0 4.64%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 19 $104,335,000 $5,491,316 $0 4.70%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $94,125,000 $13,446,429 $0 5.68%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 11 $88,635,000 $8,057,727 $0 4.77%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 13 $83,615,000 $6,431,923 $0 5.32%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 24 $78,980,000 $3,290,833 $0 5.22%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 23 $75,055,000 $3,263,261 $0 4.97%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $64,115,000 $21,371,667 $0 4.86%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $59,070,000 $9,845,000 $0 4.01%
PANAMA CITY, FL (FHA|USDA|VA) 2 $55,620,000 $27,810,000 $0 7.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 12 $55,080,000 $4,590,000 $0 5.59%
BLOOMINGTON, IN (FHA|USDA|VA) 2 $51,500,000 $25,750,000 $0 5.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 18 $45,490,000 $2,527,222 $0 5.42%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $44,125,000 $14,708,333 $0 5.53%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 4 $42,710,000 $10,677,500 $0 5.50%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $36,910,000 $4,613,750 $0 5.07%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $34,005,000 $34,005,000 $0 6.50%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 5 $30,515,000 $6,103,000 $0 5.41%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $29,405,000 $5,881,000 $0 5.24%
DOVER, DE (FHA|USDA|VA) 1 $27,605,000 $27,605,000 $0 7.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 4 $27,170,000 $6,792,500 $0 5.24%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $26,950,000 $2,695,000 $0 4.76%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $26,725,000 $26,725,000 $0 5.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $25,700,000 $4,283,333 $0 4.67%
TUCSON, AZ (FHA|USDA|VA) 3 $25,685,000 $8,561,667 $0 6.25%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 5 $24,865,000 $4,973,000 $0 5.70%
LUBBOCK, TX (FHA|USDA|VA) 2 $23,310,000 $11,655,000 $0 5.68%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $22,505,000 $22,505,000 $0 5.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $21,970,000 $2,746,250 $0 5.07%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $20,405,000 $20,405,000 $0 6.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $18,690,000 $9,345,000 $0 5.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 9 $18,345,000 $2,038,333 $0 5.17%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $18,225,000 $6,075,000 $0 5.45%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $17,555,000 $5,851,667 $0 5.41%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $17,400,000 $8,700,000 $0 4.04%
SAVANNAH, GA (FHA|USDA|VA) 6 $17,330,000 $2,888,333 $0 5.14%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $16,475,000 $5,491,667 $0 4.64%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $16,210,000 $8,105,000 $0 6.62%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $16,000,000 $8,000,000 $0 4.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $15,785,000 $5,261,667 $0 6.04%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $15,310,000 $3,827,500 $0 5.46%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $15,010,000 $2,501,667 $0 5.04%
OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $14,220,000 $2,370,000 $0 6.05%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $14,030,000 $3,507,500 $0 5.24%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $13,220,000 $3,305,000 $0 5.26%
COLUMBUS, OH (FHA|USDA|VA) 5 $13,005,000 $2,601,000 $0 5.14%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $12,960,000 $2,160,000 $0 5.08%
Branson, MO (FHA|USDA|VA) 1 $12,255,000 $12,255,000 $0 7.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $11,885,000 $11,885,000 $0 4.16%
GREENVILLE, NC (FHA|USDA|VA) 3 $11,455,000 $3,818,333 $0 4.90%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $11,440,000 $2,860,000 $0 5.74%
AKRON, OH (FHA|USDA|VA) 5 $11,305,000 $2,261,000 $0 5.33%
DAYTON-KETTERING, OH (FHA|USDA|VA) 8 $10,790,000 $1,348,750 $0 5.83%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $10,005,000 $10,005,000 $0 6.20%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $10,005,000 $10,005,000 $0 5.50%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $9,995,000 $9,995,000 $0 5.44%
STOCKTON, CA (FHA|USDA|VA) 3 $9,965,000 $3,321,667 $0 5.56%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $9,230,000 $4,615,000 $0 5.62%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $8,860,000 $4,430,000 $0 5.28%
MONTGOMERY, AL (FHA|USDA|VA) 2 $8,500,000 $4,250,000 $0 4.93%
SALINAS, CA (FHA|USDA|VA) 1 $8,255,000 $8,255,000 $0 3.77%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $8,005,000 $8,005,000 $0 6.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $7,670,000 $3,835,000 $0 4.73%
EL PASO, TX (FHA|USDA|VA) 2 $7,540,000 $3,770,000 $0 5.50%
Outside of Metro Areas 4 $7,060,000 $1,765,000 $0 5.37%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $7,005,000 $7,005,000 $0 5.95%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $6,825,000 $6,825,000 $0 3.65%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $6,720,000 $3,360,000 $0 5.31%
ROCHESTER, NY (FHA|USDA|VA) 3 $5,535,000 $1,845,000 $0 6.76%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $5,430,000 $2,715,000 $0 6.19%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $5,345,000 $5,345,000 $0 4.15%
KNOXVILLE, TN (FHA|USDA|VA) 2 $5,260,000 $2,630,000 $0 4.57%
COLUMBIA, SC (FHA|USDA|VA) 2 $5,110,000 $2,555,000 $0 4.47%
Holland, MI (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 6.25%
Jasper, AL (FHA|USDA|VA) 1 $4,685,000 $4,685,000 $0 4.62%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $4,510,000 $2,255,000 $0 6.48%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $4,505,000 $1,501,667 $0 5.89%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $4,480,000 $2,240,000 $0 5.91%
JACKSON, MS (FHA|USDA|VA) 1 $4,455,000 $4,455,000 $0 5.75%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $4,440,000 $2,220,000 $0 5.66%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $4,235,000 $4,235,000 $0 5.41%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $4,005,000 $4,005,000 $0 6.50%
Morehead City, NC (FHA|USDA|VA) 1 $3,835,000 $3,835,000 $0 4.50%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $3,305,000 $3,305,000 $0 6.30%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $3,280,000 $1,640,000 $0 5.01%
TULSA, OK (FHA|USDA|VA) 2 $3,130,000 $1,565,000 $0 4.48%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $3,080,000 $1,540,000 $0 5.37%
TOLEDO, OH (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 6.80%
CHEYENNE, WY (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 6.80%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $2,995,000 $2,995,000 $0 4.71%
BINGHAMTON, NY (FHA|USDA|VA) 1 $2,995,000 $2,995,000 $0 4.99%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $2,715,000 $2,715,000 $0 5.17%
BOISE CITY, ID (FHA|USDA|VA) 1 $2,695,000 $2,695,000 $0 4.48%
ABILENE, TX (FHA|USDA|VA) 1 $2,515,000 $2,515,000 $0 4.90%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 5.32%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $2,295,000 $2,295,000 $0 4.84%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $2,285,000 $2,285,000 $0 4.22%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $2,225,000 $2,225,000 $0 5.70%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $2,155,000 $2,155,000 $0 4.53%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $2,025,000 $2,025,000 $0 4.87%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 7.20%
MOBILE, AL (FHA|USDA|VA) 1 $1,645,000 $1,645,000 $0 4.65%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $1,610,000 $805,000 $0 5.31%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $1,575,000 $1,575,000 $0 5.65%
SALEM, OR (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $0 4.21%
FRESNO, CA (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 4.71%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $1,415,000 $1,415,000 $0 4.77%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $0 5.67%
ANCHORAGE, AK (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $0 6.67%
YAKIMA, WA (FHA|USDA|VA) 1 $1,035,000 $1,035,000 $0 4.69%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 7.65%
ELMIRA, NY (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 6.99%
ANN ARBOR, MI (FHA|USDA|VA) 1 $855,000 $855,000 $0 5.45%
PROVO-OREM, UT (FHA|USDA|VA) 1 $835,000 $835,000 $0 4.76%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $785,000 $785,000 $0 4.01%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $765,000 $765,000 $0 5.43%
Klamath Falls, OR (FHA|USDA|VA) 1 $755,000 $755,000 $0 5.12%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $695,000 $695,000 $0 6.62%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $685,000 $685,000 $0 4.91%
PEORIA, IL (FHA|USDA|VA) 1 $675,000 $675,000 $0 5.70%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $655,000 $655,000 $0 5.36%
RICHMOND, VA (FHA|USDA|VA) 1 $655,000 $655,000 $0 4.84%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $645,000 $645,000 $0 5.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $645,000 $645,000 $0 4.66%
PITTSBURGH, PA (FHA|USDA|VA) 1 $615,000 $615,000 $0 5.62%
FLORENCE, SC (FHA|USDA|VA) 1 $545,000 $545,000 $0 5.12%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $515,000 $515,000 $0 5.15%
Corevest American Finance Lender's top markets include Atlanta, New York, Chicago, Miami, and Tampa among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 519 $2,822,985,000 $5,439,277 $0 5.31%

    For 2021, Corevest American Finance Lender's most frequently originated type of loan was Conventional, with 519 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 354 $1,253,230,000 $3,540,198 $0 4.83%
    Refi 165 $1,569,755,000 $9,513,667 $0 6.33%

    For 2021, Corevest American Finance Lender's most frequently cited loan purpose was Home Purchase, with 354 originations. The 2nd most popular reason was Refi, with 165 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 184 $719,970,000 $3,912,880 $0 4.90%
    Other 165 $1,463,815,000 $8,871,606 $0 6.33%
    10 Year 150 $468,570,000 $3,123,800 $0 4.74%
    3 Year 15 $164,445,000 $10,963,000 $0 4.69%
    30 Year 4 $5,020,000 $1,255,000 $0 4.51%
    1 Year 1 $1,165,000 $1,165,000 $0 6.95%

    For 2021, Corevest American Finance Lender's most frequently cited loan duration was 5 Year, with 184 originations. The 2nd most popular length was Other, with 165 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 221 $991,125,000 $4,484,729
    5-6% 161 $903,625,000 $5,612,578
    6-7% 79 $559,185,000 $7,078,291
    3-4% 27 $185,725,000 $6,878,704
    7-8% 25 $161,115,000 $6,444,600
    Over 8% 6 $22,210,000 $3,701,667

    During 2021, Corevest American Finance Lender's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 4-5%, with 221 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 446 $2,771,480,000 $6,214,081 $0 5.34%
    $600k-1MM 58 $43,590,000 $751,552 $0 5.11%
    $400k-600k 15 $7,915,000 $527,667 $0 4.97%

    2021 saw Corevest American Finance Lender place emphasis on $1MM+ loans with 446 originations, totaling $2,771,480,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 519 $2,822,985,000 $5,439,277 $0 5.31%

    Approval Rates

    Total approvals of all applications
    94.16%

    Corevest American Finance Lender has an average approval rate.

    Pick Rate

    Approvals leading to origination
    47.78%

    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 519 $2,822,985,000 $5,439,277

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    519 $2,822,985,000 $5,439,277

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 47 $191,165,000 $4,067,340 $0 4.53%
    60-80% 322 $1,129,520,000 $3,507,826 $0 4.92%
    80-100% 25 $256,635,000 $10,265,400 $0 5.62%
    Over 100% 124 $1,233,960,000 $9,951,290 $0 6.55%
    Under 20% 1 $11,705,000 $11,705,000 $0 5.50%