Impac Mortgage Corp. Rates, Fees & Info

IRVINE, CA

LEI: 549300U2WRK55BY8UC05

Tax ID: 80-0233937

3.3 stars - Updated: 3/17/24 - out of 5 stars, based on 41 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Impac Mortgage Corp. is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Impac Mortgage Corp. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, San Diego, San Francisco, and New York among others. We have data for 220 markets. (Some data included below & more in-depth data is available with an active subscription.)

Impac Mortgage Corp. has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Impac Mortgage Corp. is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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 7.92% 3/17/24
30 Year Conventional Refi 7.23% 3/17/24
30 Year Cash-out Refi 6.90% 3/17/24
30 Year FHA Purchase 6.51% 3/17/24
30 Year FHA Refi 6.65% 3/17/24
30 Year VA Purchase 6.53% 3/17/24
30 Year VA Refi 6.01% 3/17/24
15 Year Conventional Purchase 6.43% 3/17/24
15 Year Conventional Refi 5.79% 3/17/24
15 Year Cash-out Refi 5.79% 3/17/24
15 Year VA Refi 5.68% 3/17/24
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.

Impac Mortgage Corp. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Impac Mortgage Corp.. 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

1,643

Origination Dollar Volume (All Markets)

$663,075,000
Show all (15) awards

Relative Rate

Impac Mortgage Corp.'s average 30 year fixed mortgage rate was 4.98%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.22%.

Relative Fees (Closing Costs)

Impac Mortgage Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $7,508.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 285 $165,675,000 $581,316 $9,048 4.51%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 147 $64,395,000 $438,061 $7,557 4.80%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 80 $44,380,000 $554,750 $10,957 4.57%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 50 $32,380,000 $647,600 $8,680 4.17%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 46 $27,400,000 $595,652 $16,918 5.21%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 79 $27,295,000 $345,506 $7,949 5.35%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 59 $21,635,000 $366,695 $7,066 4.54%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 44 $17,120,000 $389,091 $3,401 3.89%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 41 $14,835,000 $361,829 $6,129 5.06%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 40 $14,070,000 $351,750 $6,717 5.38%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 18 $10,100,000 $561,111 $6,918 4.12%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 38 $8,140,000 $214,211 $5,743 5.75%
URBAN HONOLULU, HI (FHA|USDA|VA) 13 $7,845,000 $603,462 $7,450 4.68%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 16 $7,260,000 $453,750 $5,325 4.05%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 28 $7,200,000 $257,143 $6,643 6.03%
Outside of Metro Areas 25 $6,965,000 $278,600 $4,727 5.35%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 12 $6,440,000 $536,667 $6,203 4.76%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 26 $5,680,000 $218,462 $5,059 4.94%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $4,855,000 $539,444 $20,852 3.71%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $4,470,000 $745,000 $7,054 3.71%
VALLEJO, CA (FHA|USDA|VA) 11 $4,445,000 $404,091 $9,681 4.24%
FRESNO, CA (FHA|USDA|VA) 14 $4,420,000 $315,714 $4,344 4.49%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 10 $4,380,000 $438,000 $3,621 3.87%
RALEIGH-CARY, NC (FHA|USDA|VA) 15 $4,165,000 $277,667 $1,101 4.70%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 9 $3,995,000 $443,889 $5,441 4.46%
BAKERSFIELD, CA (FHA|USDA|VA) 17 $3,995,000 $235,000 $2,735 4.56%
STOCKTON, CA (FHA|USDA|VA) 13 $3,965,000 $305,000 $4,606 4.67%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 13 $3,915,000 $301,154 $3,241 4.35%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 7 $3,665,000 $523,571 $13,249 4.63%
JACKSONVILLE, FL (FHA|USDA|VA) 14 $3,500,000 $250,000 $7,762 5.37%
COLUMBUS, OH (FHA|USDA|VA) 13 $3,015,000 $231,923 $6,054 5.10%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 9 $2,895,000 $321,667 $6,288 5.35%
CHICO, CA (FHA|USDA|VA) 8 $2,870,000 $358,750 $11,538 4.55%
SALINAS, CA (FHA|USDA|VA) 6 $2,850,000 $475,000 $4,723 3.75%
NAPA, CA (FHA|USDA|VA) 3 $2,755,000 $918,333 $18,972 4.63%
TUCSON, AZ (FHA|USDA|VA) 11 $2,655,000 $241,364 $11,440 5.26%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $2,650,000 $265,000 $4,744 5.52%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 17 $2,635,000 $155,000 $2,632 5.03%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 9 $2,515,000 $279,444 $4,538 5.26%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $2,465,000 $352,143 $6,102 5.57%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 5 $2,405,000 $481,000 $6,183 4.17%
RENO, NV (FHA|USDA|VA) 4 $2,340,000 $585,000 $872 4.12%
MODESTO, CA (FHA|USDA|VA) 7 $2,335,000 $333,571 $2,917 4.53%
ST. GEORGE, UT (FHA|USDA|VA) 3 $2,235,000 $745,000 $15,484 5.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 11 $2,135,000 $194,091 $4,363 5.02%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $2,070,000 $1,035,000 $24,776 6.06%
PROVO-OREM, UT (FHA|USDA|VA) 6 $2,020,000 $336,667 $7,468 4.10%
Payson, AZ (FHA|USDA|VA) 3 $1,885,000 $628,333 $7,713 5.33%
BOISE CITY, ID (FHA|USDA|VA) 6 $1,790,000 $298,333 $4,702 4.96%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $1,765,000 $353,000 $7,808 4.05%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $1,685,000 $337,000 $9,136 6.58%
Outside of Metro Areas 2 $1,520,000 $760,000 $16,059 4.43%
Show Low, AZ (FHA|USDA|VA) 3 $1,515,000 $505,000 $5,590 4.21%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 8 $1,480,000 $185,000 $3,670 4.94%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 3 $1,385,000 $461,667 $3,320 5.75%
Gardnerville Ranchos, NV (FHA|USDA|VA) 3 $1,305,000 $435,000 $0 4.33%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $1,300,000 $325,000 $5,116 5.06%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,265,000 $421,667 $8,338 5.08%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,210,000 $302,500 $2,918 4.02%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,200,000 $300,000 $17,098 4.22%
VISALIA, CA (FHA|USDA|VA) 5 $1,195,000 $239,000 $1,193 4.00%
SALT LAKE CITY, UT (FHA|USDA|VA) 4 $1,180,000 $295,000 $4,007 3.56%
Hilo, HI (FHA|USDA|VA) 2 $1,170,000 $585,000 $1,477 3.44%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $1,060,000 $530,000 $25,216 7.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $1,040,000 $260,000 $3,828 4.93%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 8 $1,000,000 $125,000 $3,496 5.97%
COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $985,000 $197,000 $3,310 6.15%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $970,000 $242,500 $6,638 6.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $965,000 $193,000 $4,904 5.35%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $930,000 $155,000 $4,372 4.98%
BEND, OR (FHA|USDA|VA) 2 $900,000 $450,000 $0 3.19%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 3 $885,000 $295,000 $3,512 2.96%
RICHMOND, VA (FHA|USDA|VA) 5 $875,000 $175,000 $373 5.03%
WILMINGTON, NC (FHA|USDA|VA) 3 $855,000 $285,000 $2,283 3.83%
Eureka-Arcata, CA (FHA|USDA|VA) 2 $840,000 $420,000 $8,545 3.63%
YUBA CITY, CA (FHA|USDA|VA) 4 $810,000 $202,500 $0 7.72%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $790,000 $395,000 $12,672 6.94%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $745,000 $248,333 $957 3.54%
Sonora, CA (FHA|USDA|VA) 2 $740,000 $370,000 $5,414 5.93%
Kapaa, HI (FHA|USDA|VA) 1 $735,000 $735,000 $0 5.63%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 5 $725,000 $145,000 $5,758 5.25%
LANCASTER, PA (FHA|USDA|VA) 4 $690,000 $172,500 $0 6.12%
TALLAHASSEE, FL (FHA|USDA|VA) 5 $675,000 $135,000 $0 6.25%
Clearlake, CA (FHA|USDA|VA) 4 $670,000 $167,500 $4,261 3.94%
REDDING, CA (FHA|USDA|VA) 3 $655,000 $218,333 $2,704 4.58%
ASHEVILLE, NC (FHA|USDA|VA) 3 $655,000 $218,333 $0 4.16%
GAINESVILLE, GA (FHA|USDA|VA) 1 $645,000 $645,000 $0 3.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $645,000 $645,000 $3,181 5.50%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $630,000 $315,000 $2,643 4.06%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $625,000 $208,333 $1,514 3.88%
SALEM, OR (FHA|USDA|VA) 3 $625,000 $208,333 $1,370 5.29%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $620,000 $155,000 $2,738 5.62%
MEDFORD, OR (FHA|USDA|VA) 2 $620,000 $310,000 $3,949 5.56%
TULSA, OK (FHA|USDA|VA) 3 $615,000 $205,000 $0 7.88%
Edwards, CO (FHA|USDA|VA) 1 $605,000 $605,000 $9,600 3.99%
Coos Bay, OR (FHA|USDA|VA) 2 $590,000 $295,000 $8,080 6.13%
CARSON CITY, NV (FHA|USDA|VA) 2 $570,000 $285,000 $5,493 4.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $570,000 $285,000 $6,044 6.49%
Centralia, WA (FHA|USDA|VA) 1 $555,000 $555,000 $5,500 3.88%
Oak Harbor, WA (FHA|USDA|VA) 1 $555,000 $555,000 $3,575 3.88%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $550,000 $275,000 $3,264 5.31%
FAIRBANKS, AK (FHA|USDA|VA) 1 $535,000 $535,000 $7,970 3.75%
Spearfish, SD (FHA|USDA|VA) 1 $515,000 $515,000 $0 7.99%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $505,000 $505,000 $19,278 6.38%
GRANTS PASS, OR (FHA|USDA|VA) 3 $505,000 $168,333 $1,638 4.17%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $500,000 $250,000 $2,697 4.13%
Sandpoint, ID (FHA|USDA|VA) 3 $485,000 $161,667 $1,985 4.21%
Georgetown, SC (FHA|USDA|VA) 1 $485,000 $485,000 $16,612 9.50%
Rockport, TX (FHA|USDA|VA) 2 $480,000 $240,000 $7,022 6.56%
MISSOULA, MT (FHA|USDA|VA) 1 $465,000 $465,000 $16,784 7.88%
PITTSBURGH, PA (FHA|USDA|VA) 3 $465,000 $155,000 $0 7.50%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $460,000 $230,000 $8,658 6.69%
Ukiah, CA (FHA|USDA|VA) 1 $445,000 $445,000 $7,796 3.88%
PANAMA CITY, FL (FHA|USDA|VA) 2 $440,000 $220,000 $4,503 5.44%
BATON ROUGE, LA (FHA|USDA|VA) 1 $435,000 $435,000 $1,631 3.38%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $430,000 $107,500 $3,631 3.63%
Newport, OR (FHA|USDA|VA) 2 $430,000 $215,000 $0 5.75%
Durango, CO (FHA|USDA|VA) 1 $425,000 $425,000 $9,709 4.63%
BOULDER, CO (FHA|USDA|VA) 1 $415,000 $415,000 $0 3.25%
Alamogordo, NM (FHA|USDA|VA) 2 $410,000 $205,000 $0 6.87%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $405,000 $405,000 $0 6.13%
GREELEY, CO (FHA|USDA|VA) 1 $405,000 $405,000 $0 3.13%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $400,000 $200,000 $7,328 7.69%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $385,000 $385,000 $0 3.88%
EL PASO, TX (FHA|USDA|VA) 3 $385,000 $128,333 $6,263 6.87%
TYLER, TX (FHA|USDA|VA) 1 $385,000 $385,000 $8,252 6.99%
EL CENTRO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $0 3.75%
Bozeman, MT (FHA|USDA|VA) 1 $365,000 $365,000 $0 4.13%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $355,000 $355,000 $12,802 8.50%
Huntsville, TX (FHA|USDA|VA) 1 $345,000 $345,000 $5,157 4.88%
OCALA, FL (FHA|USDA|VA) 2 $340,000 $170,000 $6,361 7.13%
Hailey, ID (FHA|USDA|VA) 1 $325,000 $325,000 $0 4.88%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $325,000 $325,000 $13,537 6.75%
HINESVILLE, GA (FHA|USDA|VA) 1 $315,000 $315,000 $5,137 9.38%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $310,000 $155,000 $2,728 7.31%
ANCHORAGE, AK (FHA|USDA|VA) 1 $305,000 $305,000 $1,125 3.99%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $300,000 $150,000 $2,077 4.94%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $295,000 $295,000 $6,581 4.88%
KNOXVILLE, TN (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.75%
BELLINGHAM, WA (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.63%
RACINE, WI (FHA|USDA|VA) 1 $285,000 $285,000 $11,704 3.25%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $0 2.63%
AMARILLO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $8,844 5.88%
Beeville, TX (FHA|USDA|VA) 1 $275,000 $275,000 $6,689 10.00%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $265,000 $265,000 $9,802 3.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $265,000 $88,333 $4,802 3.17%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.63%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 3.25%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $255,000 $255,000 $10,149 4.38%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $255,000 $255,000 $3,863 3.99%
Fort Morgan, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.25%
Somerset, PA (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.50%
Crescent City, CA (FHA|USDA|VA) 1 $255,000 $255,000 $2,500 3.50%
Klamath Falls, OR (FHA|USDA|VA) 2 $250,000 $125,000 $1,779 2.93%
THE VILLAGES, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.75%
COLUMBIA, SC (FHA|USDA|VA) 1 $235,000 $235,000 $1,319 2.88%
Red Bluff, CA (FHA|USDA|VA) 1 $235,000 $235,000 $0 2.99%
MADISON, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,639 3.13%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.13%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $225,000 $225,000 $2,334 3.88%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.99%
Jasper, AL (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.50%
FORT WAYNE, IN (FHA|USDA|VA) 2 $220,000 $110,000 $0 5.94%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $220,000 $110,000 $1,438 4.81%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $220,000 $110,000 $0 6.38%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $220,000 $110,000 $5,479 5.00%
GOLDSBORO, NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,074 3.88%
Bennington, VT (FHA|USDA|VA) 1 $215,000 $215,000 $0 9.99%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $215,000 $215,000 $6,124 5.13%
Amsterdam, NY (FHA|USDA|VA) 2 $210,000 $105,000 $7,799 5.88%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $205,000 $205,000 $595 5.13%
Lufkin, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,263 2.99%
CLEVELAND, TN (FHA|USDA|VA) 1 $205,000 $205,000 $3,764 3.99%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.50%
MERCED, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $195,000 $195,000 $4,392 4.99%
Boone, NC (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.88%
Oxford, MS (FHA|USDA|VA) 1 $195,000 $195,000 $1,585 3.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.38%
YAKIMA, WA (FHA|USDA|VA) 1 $195,000 $195,000 $6,801 4.63%
MORRISTOWN, TN (FHA|USDA|VA) 1 $185,000 $185,000 $8,077 8.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $185,000 $185,000 $1,240 5.75%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $185,000 $185,000 $2,790 2.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $185,000 $185,000 $3,218 4.75%
YUMA, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $6,547 3.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.88%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $175,000 $175,000 $6,137 4.99%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $165,000 $165,000 $6,942 3.75%
Susanville, CA (FHA|USDA|VA) 1 $165,000 $165,000 $6,971 3.75%
Palatka, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,174 3.38%
Traverse City, MI (FHA|USDA|VA) 1 $155,000 $155,000 $5,693 3.50%
Meridian, MS (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.25%
Batesville, AR (FHA|USDA|VA) 1 $155,000 $155,000 $5,882 5.99%
LAS CRUCES, NM (FHA|USDA|VA) 1 $145,000 $145,000 $6,369 5.63%
Gainesville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,929 3.99%
Fredericksburg, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,381 3.25%
AKRON, OH (FHA|USDA|VA) 1 $145,000 $145,000 $2,985 5.88%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $135,000 $135,000 $7,534 5.75%
Alexander City, AL (FHA|USDA|VA) 1 $135,000 $135,000 $4,355 5.99%
Uvalde, TX (FHA|USDA|VA) 1 $135,000 $135,000 $6,551 5.63%
Menomonie, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.88%
Ottumwa, IA (FHA|USDA|VA) 1 $125,000 $125,000 $3,112 7.38%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.13%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $115,000 $115,000 $2,263 3.63%
Woodward, OK (FHA|USDA|VA) 1 $115,000 $115,000 $5,811 4.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $115,000 $115,000 $5,435 6.13%
HARRISONBURG, VA (FHA|USDA|VA) 1 $105,000 $105,000 $2,854 6.13%
SUMTER, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
DULUTH, MN-WI (FHA|USDA|VA) 1 $105,000 $105,000 $4,886 5.25%
JACKSON, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.63%
WACO, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,323 4.75%
Dumas, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,201 3.50%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.50%
Marion, OH (FHA|USDA|VA) 1 $95,000 $95,000 $1,884 5.63%
Searcy, AR (FHA|USDA|VA) 1 $85,000 $85,000 $1,569 2.63%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,550 5.63%
MOBILE, AL (FHA|USDA|VA) 1 $75,000 $75,000 $3,461 3.75%
Impac Mortgage Corp.'s top markets include Los Angeles, Riverside, San Diego, San Francisco, and New York among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,620 $649,550,000 $400,957 $6,966 4.84%
    VA 16 $11,160,000 $697,500 $16,803 3.63%
    FHA 7 $2,365,000 $337,857 $12,896 5.20%

    For 2022, Impac Mortgage Corp.'s most frequently originated type of loan was Conventional, with 1,620 originations. Their 2nd most popular type was VA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 741 $241,025,000 $325,270 $3,876 4.61%
    Refi 421 $202,985,000 $482,150 $9,108 4.43%
    Home Purchase 389 $193,405,000 $497,185 $12,580 5.75%
    Other 92 $25,660,000 $278,913 $3,131 4.55%

    For 2022, Impac Mortgage Corp.'s most frequently cited loan purpose was Cash Out Refi, with 741 originations. The 2nd most popular reason was Refi, with 421 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,393 $562,865,000 $404,067 $7,508 4.98%
    15 Year 114 $31,090,000 $272,719 $2,089 3.09%
    30+ year 100 $59,290,000 $592,900 $16,283 5.32%
    20 Year 27 $7,195,000 $266,481 $2,333 3.30%
    10 Year 9 $2,635,000 $292,778 $220 2.89%

    For 2022, Impac Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 1,393 originations. The 2nd most popular length was 15 Year, with 114 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 459 $160,935,000 $350,621
    $5k+ 423 $262,445,000 $620,437
    $1k-2k 99 $32,935,000 $332,677
    $3k-4k 67 $18,265,000 $272,612
    $4k-5k 64 $18,940,000 $295,938
    $2k-3k 63 $20,975,000 $332,937

    Impac Mortgage Corp.'s average total fees were $7,508, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 459 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 531 $229,425,000 $432,062
    4-5% 386 $159,430,000 $413,031
    5-6% 266 $103,290,000 $388,308
    6-7% 159 $59,265,000 $372,736
    2.5-3% 102 $31,360,000 $307,451
    7-8% 96 $42,020,000 $437,708
    Over 8% 72 $28,750,000 $399,306
    <2.5% 31 $9,535,000 $307,581

    During 2022, Impac Mortgage Corp.'s average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 3-4%, with 531 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 649 $186,305,000 $287,065 $4,025 4.67%
    $100k-200k 369 $54,285,000 $147,114 $3,796 5.15%
    $400k-600k 328 $160,190,000 $488,384 $6,784 4.67%
    $600k-1MM 193 $142,665,000 $739,197 $12,697 4.98%
    $1MM+ 79 $117,505,000 $1,487,405 $27,696 5.09%
    $100,000 or less 25 $2,125,000 $85,000 $2,651 4.63%

    2022 saw Impac Mortgage Corp. place emphasis on $200k-400k loans with 649 originations, totaling $186,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 279 $128,545,000 $460,735 $6,620 4.64%
    $100k-150k 255 $96,185,000 $377,196 $5,554 4.28%
    $250k+ 225 $174,045,000 $773,533 $14,900 5.35%
    $75k-100k 172 $53,020,000 $308,256 $4,057 4.14%
    $50k-75k 143 $34,735,000 $242,902 $3,804 4.33%
    $50k or less 75 $12,725,000 $169,667 $2,796 4.23%

    Impac Mortgage Corp. lent most frequently to those with incomes in the $150k-250k range, with 279 originations. The second most popular income band? $100k-150k, with 255 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 200 $82,430,000 $412,150 $6,530 4.47%
    20-30% 196 $83,290,000 $424,949 $7,516 4.48%
    <20% 117 $58,345,000 $498,675 $8,047 4.73%
    49% 68 $33,660,000 $495,000 $6,881 4.47%
    42% 55 $22,505,000 $409,182 $6,963 4.62%
    44% 52 $21,080,000 $405,385 $6,584 4.52%
    48% 50 $18,420,000 $368,400 $3,837 4.70%
    46% 48 $19,590,000 $408,125 $6,103 4.49%
    36% 45 $17,875,000 $397,222 $6,317 4.54%
    40% 45 $22,975,000 $510,556 $9,468 4.97%
    43% 43 $18,495,000 $430,116 $5,293 4.51%
    37% 40 $15,870,000 $396,750 $6,207 4.62%
    38% 38 $16,300,000 $428,947 $9,506 5.01%
    39% 38 $17,700,000 $465,789 $6,977 4.42%
    41% 37 $17,375,000 $469,595 $8,068 4.57%
    45% 35 $15,155,000 $433,000 $5,606 4.11%
    47% 30 $11,710,000 $390,333 $6,041 4.65%
    50-60% 10 $5,490,000 $549,000 $15,303 4.31%
    >60% 2 $990,000 $495,000 $13,353 3.88%

    Impac Mortgage Corp. lent most frequently to those with DTI ratios of 30-36%, with 200 originations. The next most common DTI ratio? 20-30%, with 196 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 832 $343,430,000 $412,776 $7,693 4.88%
    Not provided 592 $221,040,000 $373,378 $6,311 4.70%
    Asian 122 $66,840,000 $547,869 $7,527 4.84%
    Black 77 $21,445,000 $278,506 $6,354 5.45%
    Native Hawaiian or Islander 8 $4,550,000 $568,750 $10,504 4.91%
    Chinese 5 $3,295,000 $659,000 $0 3.75%
    American Indian 5 $2,075,000 $415,000 $6,864 4.25%
    Vietnamese 1 $285,000 $285,000 $0 5.75%
    Asian Indian 1 $115,000 $115,000 $2,263 3.63%

    Approval Rates

    Total approvals of all applications
    64.08%

    Impac Mortgage Corp. has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    36.64%

    Impac Mortgage Corp. 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 1,643 $663,075,000 $403,576

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,643 $663,075,000 $403,576

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 163 $52,945,000 $324,816 $3,875 4.07%
    40-60% 463 $165,875,000 $358,261 $4,223 4.29%
    60-80% 823 $334,315,000 $406,215 $7,936 5.12%
    80-100% 169 $103,745,000 $613,876 $14,293 5.81%
    Over 100% 2 $2,800,000 $1,400,000 $56,463 3.88%
    Under 20% 23 $3,395,000 $147,609 $2,671 3.86%