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 small mortgage company specializing in Refi loans. Corevest American Finance Lender has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, New York, New Haven, Atlanta, and Chicago among others. We have data for 77 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 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
217Origination Dollar Volume (All Markets)
$1,000,335,000Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $121,005,000 | $121,005,000 | $0 | 3.85% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 16 | $95,740,000 | $5,983,750 | $0 | 5.69% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 15 | $84,045,000 | $5,603,000 | $0 | 5.87% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $51,175,000 | $7,310,714 | $0 | 5.73% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $44,875,000 | $4,986,111 | $0 | 6.49% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 14 | $44,460,000 | $3,175,714 | $0 | 5.44% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $39,735,000 | $3,612,273 | $0 | 6.89% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $35,430,000 | $8,857,500 | $0 | 5.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $33,690,000 | $5,615,000 | $0 | 4.81% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 5 | $30,975,000 | $6,195,000 | $0 | 5.81% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $28,005,000 | $28,005,000 | $0 | 6.70% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 6 | $27,950,000 | $4,658,333 | $0 | 6.57% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $22,650,000 | $11,325,000 | $0 | 5.45% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 11 | $22,115,000 | $2,010,455 | $0 | 6.33% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $21,340,000 | $5,335,000 | $0 | 6.36% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $21,285,000 | $21,285,000 | $0 | 5.43% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $15,930,000 | $7,965,000 | $0 | 5.22% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $15,055,000 | $3,011,000 | $0 | 7.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $15,050,000 | $7,525,000 | $0 | 5.91% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $15,005,000 | $15,005,000 | $0 | 5.80% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 5 | $14,665,000 | $2,933,000 | $0 | 6.34% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 7 | $14,495,000 | $2,070,714 | $0 | 5.43% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $11,430,000 | $5,715,000 | $0 | 6.32% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $11,050,000 | $5,525,000 | $0 | 6.07% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $10,765,000 | $3,588,333 | $0 | 7.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $8,710,000 | $2,177,500 | $0 | 5.99% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $8,710,000 | $2,177,500 | $0 | 5.84% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $8,705,000 | $2,901,667 | $0 | 4.47% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $7,140,000 | $3,570,000 | $0 | 5.06% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $6,800,000 | $3,400,000 | $0 | 6.59% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $6,245,000 | $2,081,667 | $0 | 6.03% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $6,230,000 | $3,115,000 | $0 | 6.20% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $5,905,000 | $5,905,000 | $0 | 6.07% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $5,735,000 | $1,911,667 | $0 | 6.29% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $5,505,000 | $5,505,000 | $0 | 6.23% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $4,995,000 | $4,995,000 | $0 | 5.90% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $4,705,000 | $4,705,000 | $0 | 7.53% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $4,235,000 | $4,235,000 | $0 | 6.39% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $4,195,000 | $4,195,000 | $0 | 6.73% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $3,720,000 | $1,860,000 | $0 | 5.65% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $3,615,000 | $3,615,000 | $0 | 5.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $3,425,000 | $1,141,667 | $0 | 5.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $2,705,000 | $2,705,000 | $0 | 4.74% |
| Lake City, FL (FHA|USDA|VA) | 1 | $2,605,000 | $2,605,000 | $0 | 5.83% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $2,585,000 | $2,585,000 | $0 | 6.01% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $2,460,000 | $1,230,000 | $0 | 5.83% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $2,455,000 | $2,455,000 | $0 | 5.10% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $2,420,000 | $1,210,000 | $0 | 6.12% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $2,405,000 | $2,405,000 | $0 | 6.10% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $2,345,000 | $2,345,000 | $0 | 4.95% |
| AKRON, OH (FHA|USDA|VA) | 2 | $2,290,000 | $1,145,000 | $0 | 6.05% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $2,265,000 | $2,265,000 | $0 | 5.93% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $2,260,000 | $1,130,000 | $0 | 6.98% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $2,025,000 | $2,025,000 | $0 | 5.28% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $2,025,000 | $2,025,000 | $0 | 5.26% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $1,955,000 | $1,955,000 | $0 | 6.57% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $1,745,000 | $1,745,000 | $0 | 6.23% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $1,695,000 | $1,695,000 | $0 | 7.91% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $1,655,000 | $1,655,000 | $0 | 5.13% |
| ROME, GA (FHA|USDA|VA) | 1 | $1,395,000 | $1,395,000 | $0 | 4.77% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $0 | 5.24% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $0 | 7.03% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 6.25% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 5.68% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $0 | 5.38% |
| TULSA, OK (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 7.25% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 7.75% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $0 | 7.73% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 5.45% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 4.56% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 7.73% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 5.43% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 5.62% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 6.68% |
| Outside of Metro Areas | 1 | $625,000 | $625,000 | $0 | 6.19% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 6.75% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 6.68% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 217 | $1,000,335,000 | $4,609,839 | $0 | 5.97% |
For 2022, Corevest American Finance Lender's most frequently originated type of loan was Conventional, with 217 originations.
Loan Reason
For 2022, Corevest American Finance Lender's most frequently cited loan purpose was Refi, with 180 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Loan Duration/Length
For 2022, Corevest American Finance Lender's most frequently cited loan duration was 10 Year, with 127 originations. The 2nd most popular length was 5 Year, with 57 originations.
Interest Rates
During 2022, Corevest American Finance Lender's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 5-6%, with 72 originations.
Loan Sizing
2022 saw Corevest American Finance Lender place emphasis on $1MM+ loans with 177 originations, totaling $971,925,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 217 | $1,000,335,000 | $4,609,839 | $0 | 5.97% |
Approval Rates
Total approvals of all applications96.29%
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 origination45.16%
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 | 217 | $1,000,335,000 | $4,609,839 |