Impac Mortgage Corp. Rates, Fees & Info

IRVINE, CA

LEI: 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% 3/28/24
30 Year Conventional Refi 7.23% 3/28/24
30 Year Cash-out Refi 6.90% 3/28/24
30 Year FHA Purchase 6.51% 3/28/24
30 Year FHA Refi 6.65% 3/28/24
30 Year VA Purchase 6.53% 3/28/24
30 Year VA Refi 6.01% 3/28/24
15 Year Conventional Purchase 6.43% 3/28/24
15 Year Conventional Refi 5.79% 3/28/24
15 Year Cash-out Refi 5.79% 3/28/24
15 Year VA Refi 5.68% 3/28/24
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

7,147

Origination Dollar Volume (All Markets)

$2,596,035,000
Show all (33) awards

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%
CaƱon 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%
Impac Mortgage Corp.'s top markets include Los Angeles, Riverside, San Francisco, San Diego, and Sacramento among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,985 $2,525,335,000 $361,537 $852 3.23%
    VA 124 $60,040,000 $484,194 $6,147 2.90%
    FHA 38 $10,660,000 $280,526 $3,303 3.58%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 4,880 $1,774,540,000 $363,635 $723 3.04%
    Cash Out Refi 1,914 $694,880,000 $363,051 $908 3.49%
    Home Purchase 222 $94,680,000 $426,486 $8,010 4.33%
    Other 128 $31,270,000 $244,297 $1,096 4.40%
    Home Improvement 3 $665,000 $221,667 $3,998 6.00%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,612 $2,109,490,000 $375,889 $1,040 3.31%
    15 Year 1,043 $321,245,000 $308,001 $707 2.84%
    20 Year 317 $105,945,000 $334,211 $553 3.07%
    Other 119 $41,525,000 $348,950 $292 3.31%
    10 Year 54 $14,320,000 $265,185 $712 2.71%
    30+ year 2 $3,510,000 $1,755,000 $44,858 4.69%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 6,017 $2,198,615,000 $365,401
    $1k-2k 181 $56,365,000 $311,409
    $5k+ 141 $92,925,000 $659,043
    $2k-3k 114 $37,470,000 $328,684
    $3k-4k 73 $25,995,000 $356,096
    $4k-5k 60 $23,600,000 $393,333

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 3,160 $1,154,270,000 $365,275
    2.5-3% 2,607 $939,945,000 $360,547
    <2.5% 841 $309,795,000 $368,365
    4-5% 328 $116,000,000 $353,659
    5-6% 116 $48,050,000 $414,224
    6-7% 62 $17,490,000 $282,097
    7-8% 29 $9,645,000 $332,586
    Over 8% 4 $840,000 $210,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,065 $1,242,235,000 $305,593 $699 3.12%
    $400k-600k 2,119 $1,001,175,000 $472,475 $749 3.17%
    $100k-200k 582 $90,230,000 $155,034 $1,602 3.88%
    $600k-1MM 302 $208,020,000 $688,808 $2,692 3.60%
    $100,000 or less 46 $3,870,000 $84,130 $1,963 4.27%
    $1MM+ 33 $50,505,000 $1,530,455 $23,961 4.16%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,334 $867,240,000 $371,568 $741 3.10%
    $150k-250k 1,721 $712,535,000 $414,024 $880 3.17%
    $75k-100k 1,349 $443,125,000 $328,484 $763 3.15%
    $50k-75k 890 $244,960,000 $275,236 $838 3.22%
    $250k+ 440 $224,150,000 $509,432 $3,224 3.50%
    $50k or less 237 $48,355,000 $204,030 $1,258 3.42%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,712 $601,140,000 $351,133 $733 3.06%
    30-36% 1,428 $529,580,000 $370,854 $938 3.14%
    <20% 505 $169,955,000 $336,545 $1,170 3.12%
    43% 289 $105,475,000 $364,965 $996 3.29%
    44% 277 $100,425,000 $362,545 $714 3.31%
    42% 268 $104,100,000 $388,433 $1,384 3.29%
    39% 259 $94,595,000 $365,232 $1,036 3.20%
    40% 256 $95,680,000 $373,750 $728 3.21%
    36% 253 $92,775,000 $366,700 $1,367 3.27%
    37% 246 $92,560,000 $376,260 $776 3.31%
    41% 244 $88,460,000 $362,541 $955 3.33%
    49% 222 $84,520,000 $380,721 $1,478 3.40%
    38% 212 $77,280,000 $364,528 $911 3.16%
    48% 187 $73,095,000 $390,882 $738 3.28%
    45% 183 $67,825,000 $370,628 $799 3.22%
    46% 183 $65,965,000 $360,464 $878 3.24%
    47% 179 $66,825,000 $373,324 $662 3.26%
    50-60% 66 $29,380,000 $445,152 $3,661 3.26%
    >60% 2 $730,000 $365,000 $6,511 3.06%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,862 $1,387,780,000 $359,342 $1,059 3.22%
    Not provided 2,064 $750,210,000 $363,474 $834 3.26%
    Asian 984 $375,390,000 $381,494 $715 3.12%
    Black 141 $49,425,000 $350,532 $2,207 3.62%
    Native Hawaiian or Islander 41 $15,165,000 $369,878 $915 3.11%
    American Indian 39 $14,075,000 $360,897 $613 3.28%
    Asian Indian 13 $2,825,000 $217,308 $719 3.99%
    Vietnamese 1 $485,000 $485,000 $0 3.25%
    Chinese 1 $345,000 $345,000 $0 2.38%
    Other Pacific Islander 1 $335,000 $335,000 $795 3.88%

    Approval Rates

    Total approvals of all applications
    78.62%

    Impac Mortgage Corp. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    30.22%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 372 $111,810,000 $300,565 $777 3.18%
    40-60% 1,552 $578,060,000 $372,461 $817 3.18%
    60-80% 2,172 $844,430,000 $388,780 $1,141 3.51%
    80-100% 319 $133,405,000 $418,197 $3,506 3.62%
    Over 100% 5 $3,035,000 $607,000 $20,468 2.95%
    Under 20% 48 $10,910,000 $227,292 $1,262 3.48%

    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%