Is Intercap Lending Inc An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Intercap Lending Inc with other lenders for mortgages with similar borrower characteristics:

Interest Rate: higher than average (+0.07%)
Loan Related Closing Costs: similar to average (+$20)
Assessment: this lender tends to be a expensive lender.

This scoreboard is based on data reported to FFIEC. In the data, Intercap Lending Inc originated 2149 mortgages, a national market share of 0.0%. It was most active in UT (1.9% market share), WY (0.0% market share), and NV (0.0% market share).

On average, Intercap Lending Inc’s interest rates were higher than those of comparable mortgages at other lenders (+0.07%).1The comparable mortgages control for Intercap Lending Inc’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $5616, which was similar to those of comparable mortgages at $5596, with a difference of +$20. Overall, we estimate that Intercap Lending Inc tends to be an expensive lender, with a cost-adjusted-rate difference of +0.07% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Therefore, we recommend comparing your rate and fees with at least a few other lenders before signing with Intercap Lending Inc.

Intercap Lending Inc originated Conforming, FHA and VA mortgages for new home purchases. It also originated Conforming and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Intercap Lending Inc compared to other lenders

Conforming FHA VA
Interest Rate Difference +0.09% +0.09% +0.10%
Loan related Closing Cost Difference +$7 +$530 -$764
Cost Adjusted Rate Difference +0.07% +0.13% +0.04%

Based on the table above, Intercap Lending Inc is similar to other lenders for VA purchase mortgages. It is more expensive than other lenders for Conforming and FHA purchase mortgages.

Mortgage Refinancing from Intercap Lending Inc compared to other lenders

Conforming VA
Interest Rate Difference +0.07% -0.21%
Loan Related Closing Cost Difference +$1 -$927
Cost Adjusted Rate Difference +0.07% -0.27%

Based on the table above, Intercap Lending Inc is cheap for VA mortgage refinance. It is more expensive than other lenders for Conforming mortgage refinance.

Other information about Intercap Lending Inc:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: Draper, UT, 84020
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Footnotes   [ + ]

1. The comparable mortgages control for Intercap Lending Inc’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.