Impac Mortgage Corp. Rates, Fees & Info
IRVINE, CALEI: 549300U2WRK55BY8UC05
Tax ID: 80-0233937
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Mortgage Data
Review & Overview
Impac Mortgage Corp. is a small mortgage company specializing in Refi and Cash Out Refi 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 Francisco, San Diego, and Sacramento among others. We have data for 214 markets. (Some data included below & more in-depth data is available with an active subscription.)Impac Mortgage Corp. has an 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 a low 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% | 12/9/24 |
| 30 Year Conventional Refi | 7.23% | 12/9/24 |
| 30 Year Cash-out Refi | 6.90% | 12/9/24 |
| 30 Year FHA Purchase | 6.51% | 12/9/24 |
| 30 Year FHA Refi | 6.65% | 12/9/24 |
| 30 Year VA Purchase | 6.53% | 12/9/24 |
| 30 Year VA Refi | 6.01% | 12/9/24 |
| 15 Year Conventional Purchase | 6.43% | 12/9/24 |
| 15 Year Conventional Refi | 5.79% | 12/9/24 |
| 15 Year Cash-out Refi | 5.79% | 12/9/24 |
| 15 Year VA Refi | 5.68% | 12/9/24 |
| 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
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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
7,147Origination Dollar Volume (All Markets)
$2,596,035,000Awards
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IMPAC MORTGAGE CORP. - 2020
IMPAC MORTGAGE CORP. is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 2,367 | $944,795,000 | $399,153 | $741 | 3.16% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 949 | $303,665,000 | $319,984 | $918 | 3.24% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 640 | $263,590,000 | $411,859 | $729 | 3.05% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 433 | $182,875,000 | $422,344 | $1,461 | 3.16% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 483 | $160,365,000 | $332,019 | $594 | 3.12% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 187 | $81,595,000 | $436,337 | $820 | 3.06% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 204 | $80,850,000 | $396,324 | $901 | 3.06% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 97 | $38,535,000 | $397,268 | $978 | 3.11% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 139 | $38,225,000 | $275,000 | $1,403 | 3.72% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 101 | $30,545,000 | $302,426 | $1,162 | 3.22% |
| STOCKTON, CA (FHA|USDA|VA) | 96 | $29,450,000 | $306,771 | $1,066 | 3.35% |
| VALLEJO, CA (FHA|USDA|VA) | 77 | $26,415,000 | $343,052 | $525 | 3.18% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 56 | $20,130,000 | $359,464 | $1,289 | 3.07% |
| MODESTO, CA (FHA|USDA|VA) | 58 | $16,070,000 | $277,069 | $901 | 3.34% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 40 | $15,260,000 | $381,500 | $709 | 3.03% |
| FRESNO, CA (FHA|USDA|VA) | 54 | $15,010,000 | $277,963 | $591 | 3.37% |
| Outside of Metro Areas | 51 | $13,345,000 | $261,667 | $1,455 | 3.48% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 22 | $13,260,000 | $602,727 | $7,529 | 3.16% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 33 | $12,815,000 | $388,333 | $826 | 3.43% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 31 | $12,095,000 | $390,161 | $4,200 | 3.20% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 31 | $10,885,000 | $351,129 | $1,555 | 3.50% |
| SALINAS, CA (FHA|USDA|VA) | 29 | $10,675,000 | $368,103 | $1,292 | 3.11% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 25 | $10,575,000 | $423,000 | $965 | 3.14% |
| NAPA, CA (FHA|USDA|VA) | 25 | $9,875,000 | $395,000 | $793 | 2.95% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 35 | $9,695,000 | $277,000 | $1,137 | 3.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 30 | $9,630,000 | $321,000 | $1,070 | 3.01% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 34 | $9,510,000 | $279,706 | $812 | 3.30% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 30 | $9,130,000 | $304,333 | $2,629 | 3.78% |
| BOISE CITY, ID (FHA|USDA|VA) | 27 | $8,415,000 | $311,667 | $1,631 | 3.28% |
| RENO, NV (FHA|USDA|VA) | 23 | $7,985,000 | $347,174 | $653 | 3.16% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 23 | $7,385,000 | $321,087 | $1,721 | 3.52% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 25 | $6,525,000 | $261,000 | $1,860 | 3.83% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 11 | $6,405,000 | $582,273 | $3,930 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 22 | $6,090,000 | $276,818 | $4,009 | 4.34% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 18 | $6,040,000 | $335,556 | $380 | 3.11% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 19 | $5,865,000 | $308,684 | $901 | 3.23% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 24 | $5,580,000 | $232,500 | $1,193 | 3.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 18 | $5,110,000 | $283,889 | $1,442 | 3.96% |
| YUBA CITY, CA (FHA|USDA|VA) | 18 | $4,800,000 | $266,667 | $750 | 3.22% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 15 | $4,765,000 | $317,667 | $663 | 3.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 15 | $4,645,000 | $309,667 | $1,182 | 3.31% |
| VISALIA, CA (FHA|USDA|VA) | 19 | $3,925,000 | $206,579 | $555 | 4.04% |
| REDDING, CA (FHA|USDA|VA) | 14 | $3,810,000 | $272,143 | $843 | 2.77% |
| CHICO, CA (FHA|USDA|VA) | 12 | $3,530,000 | $294,167 | $763 | 3.18% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 13 | $3,505,000 | $269,615 | $1,482 | 3.59% |
| MERCED, CA (FHA|USDA|VA) | 15 | $3,445,000 | $229,667 | $1,636 | 3.45% |
| Sonora, CA (FHA|USDA|VA) | 12 | $2,920,000 | $243,333 | $765 | 3.20% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 12 | $2,850,000 | $237,500 | $952 | 3.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 12 | $2,700,000 | $225,000 | $720 | 3.60% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $2,635,000 | $292,778 | $4,070 | 3.93% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 8 | $2,630,000 | $328,750 | $559 | 3.19% |
| MADERA, CA (FHA|USDA|VA) | 9 | $2,595,000 | $288,333 | $470 | 3.61% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 10 | $2,570,000 | $257,000 | $571 | 3.62% |
| TUCSON, AZ (FHA|USDA|VA) | 11 | $2,315,000 | $210,455 | $1,129 | 4.12% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $2,235,000 | $319,286 | $320 | 3.14% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 6 | $2,140,000 | $356,667 | $958 | 3.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 7 | $2,035,000 | $290,714 | $498 | 4.43% |
| SALEM, OR (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $814 | 3.98% |
| Hilo, HI (FHA|USDA|VA) | 4 | $1,780,000 | $445,000 | $5,205 | 3.44% |
| MEDFORD, OR (FHA|USDA|VA) | 6 | $1,770,000 | $295,000 | $1,185 | 3.46% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 8 | $1,770,000 | $221,250 | $1,733 | 3.66% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 4 | $1,730,000 | $432,500 | $498 | 2.84% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $1,680,000 | $280,000 | $1,201 | 3.27% |
| EL CENTRO, CA (FHA|USDA|VA) | 7 | $1,675,000 | $239,286 | $518 | 3.36% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $1,600,000 | $200,000 | $736 | 3.72% |
| BEND, OR (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $828 | 3.12% |
| ST. GEORGE, UT (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $2,089 | 3.13% |
| GREELEY, CO (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $699 | 3.35% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,450,000 | $241,667 | $3,151 | 4.42% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $332 | 3.09% |
| COLUMBUS, OH (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $1,347 | 5.19% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 9 | $1,305,000 | $145,000 | $2,715 | 4.24% |
| Red Bluff, CA (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $1,471 | 3.21% |
| COLUMBIA, SC (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $729 | 3.27% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $7,978 | 2.58% |
| Kalispell, MT (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $1,527 | 4.63% |
| PROVO-OREM, UT (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $332 | 3.09% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $1,996 | 4.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $704 | 3.44% |
| TYLER, TX (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $23,005 | 4.99% |
| Outside of Metro Areas | 4 | $1,130,000 | $282,500 | $1,110 | 3.34% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $2,026 | 3.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $332 | 3.28% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $373 | 3.87% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 6 | $1,080,000 | $180,000 | $1,922 | 3.77% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $676 | 2.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $663 | 2.83% |
| Clearlake, CA (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $2,007 | 3.69% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $1,496 | 3.63% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $3,646 | 4.62% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $165 | 3.68% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $0 | 3.27% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $0 | 4.09% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $1,810 | 4.19% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $663 | 3.38% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $3,980 | 4.12% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $995 | 5.54% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $2,560 | 3.78% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $0 | 4.42% |
| CARSON CITY, NV (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $494 | 3.21% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $995 | 3.79% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $495 | 3.74% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $2,049 | 3.46% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $1,037 | 3.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $248 | 4.50% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $1,393 | 3.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $1,496 | 3.46% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 3.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,126 | 3.33% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $1,302 | 3.42% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $398 | 3.56% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $1,896 | 3.31% |
| Klamath Falls, OR (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $915 | 3.56% |
| Payson, AZ (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $8,328 | 3.56% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $911 | 3.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 5.63% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $498 | 2.94% |
| Pahrump, NV (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $1,776 | 3.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 4.93% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $1,126 | 5.08% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $652 | 3.21% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $2,980 | 5.22% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $1,358 | 3.71% |
| Hailey, ID (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $1,385 | 2.63% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $1,206 | 2.87% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $248 | 2.62% |
| Seneca, SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 2.88% |
| Starkville, MS (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $1,610 | 3.38% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 4.18% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $498 | 3.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 3.63% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 3.99% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $1,489 | 4.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,405 | 4.04% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $685 | 3.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $995 | 2.25% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,521 | 2.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $10,915 | 5.75% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $995 | 2.75% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 2.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 3.43% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $995 | 2.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $795 | 3.38% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $498 | 3.87% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,631 | 5.25% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $795 | 3.13% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $495 | 3.63% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 3.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $694 | 3.25% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 3.75% |
| Jesup, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $995 | 2.88% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.38% |
| Athens, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $995 | 3.50% |
| Durango, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $995 | 2.75% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 6.43% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $995 | 3.63% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.38% |
| Key West, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,396 | 3.00% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,343 | 2.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.99% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,164 | 2.88% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.25% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $495 | 3.25% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,312 | 5.06% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $995 | 2.50% |
| MADISON, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,281 | 4.88% |
| Lake City, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.13% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $495 | 2.99% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,888 | 3.50% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $495 | 3.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,644 | 3.88% |
| AKRON, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $795 | 3.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,506 | 2.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $995 | 3.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.50% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 2.99% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $995 | 3.75% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.75% |
| Brookings, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.50% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,618 | 2.38% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.75% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.75% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.75% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $995 | 2.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,829 | 3.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,185 | 3.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,328 | 2.63% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,107 | 3.99% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,998 | 3.38% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,416 | 3.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,839 | 3.25% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,847 | 3.50% |
| Susanville, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.50% |
| Newport, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.38% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,460 | 2.88% |
| Duncan, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,431 | 3.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,662 | 3.13% |
| TULSA, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,860 | 2.75% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,596 | 2.99% |
| Heber, UT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,210 | 3.50% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,256 | 3.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,825 | 3.99% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,146 | 3.63% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,098 | 3.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,153 | 3.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $792 | 3.38% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,102 | 3.38% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,248 | 3.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.75% |
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Product Mix
For 2020, Impac Mortgage Corp.'s most frequently originated type of loan was Conventional, with 6,985 originations. Their 2nd most popular type was VA, with 124 originations.
Loan Reason
For 2020, Impac Mortgage Corp.'s most frequently cited loan purpose was Refi, with 4,880 originations. The 2nd most popular reason was Cash Out Refi, with 1,914 originations.
Loan Duration/Length
For 2020, Impac Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 5,612 originations. The 2nd most popular length was 15 Year, with 1,043 originations.
Origination Fees/Closing Costs
Impac Mortgage Corp.'s average total fees were $1,040, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6,017 originations.
Interest Rates
During 2020, Impac Mortgage Corp.'s average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 3,160 originations.
Loan Sizing
2020 saw Impac Mortgage Corp. place emphasis on $200k-400k loans with 4,065 originations, totaling $1,242,235,000 in origination value.
Applicant Income
Impac Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 2,334 originations. The second most popular income band? $150k-250k, with 1,721 originations.
Applicant Debt to Income Ratio
Impac Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 1,712 originations. The next most common DTI ratio? 30-36%, with 1,428 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.62%
Impac Mortgage Corp. has a below average approval rate.
Pick Rate
Approvals leading to origination30.22%
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 | 7,147 | $2,596,035,000 | $363,234 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 7 | $1,305,000 | $186,429 |
| Single Family (1-4 Units):Site-Built | 7,140 | $2,594,730,000 | $363,408 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| IMPAC MORTGAGE HOLDINGS, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 9 | 27.3% |
| IMPAC MORTGAGE HOLDINGS, INC. | Conventional home mortgage | Closing on a mortgage | 7 | 21.2% |
| IMPAC MORTGAGE HOLDINGS, INC. | Conventional home mortgage | Struggling to pay mortgage | 3 | 9.1% |
| IMPAC MORTGAGE HOLDINGS, INC. | Conventional home mortgage | Trouble during payment process | 11 | 33.3% |
| IMPAC MORTGAGE HOLDINGS, INC. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 9.1% |