Amoco Mortgage Rates, Fees & Info

Texas City, TX

LEI: 254900TIRELTI8ENRL83

Tax ID: 74-1110077

5 stars - out of 5 stars, based on 24 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Amoco is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Amoco has a high proportion of conventional loans. Their top (well, only) market is Houston.

    Amoco 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. Amoco 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 6.35% 3/28/23
    30 Year Conventional Refi 5.84% 3/28/23
    30 Year Cash-out Refi 6.40% 3/28/23
    15 Year Conventional Purchase 5.85% 3/28/23
    15 Year Conventional Refi 5.76% 3/28/23
    15 Year Cash-out Refi 5.76% 3/28/23
    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.


    Originations

    561

    Origination Dollar Volume (All Markets)

    $112,435,000

    Relative Rate

    Amoco's average 30 year fixed mortgage rate was 5.01%.

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

    This yields a difference of 0.25%.

    Relative Fees (Closing Costs)

    Amoco's average total fees/closing costs for a 30 year fixed rate mortgage were $4,477.

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 558 $112,130,000 $200,950 $4,570 4.85%
    Outside of Metro Areas 3 $305,000 $101,667 $2,897 5.46%
    Amoco's top markets include and Houston among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AMOCO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    U S WIDE FINANCIAL LLC
    Similarity Rank: 336
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 385
    AAXY L.L.C.
    Similarity Rank: 432
    AMOCO
    Similarity Rank: 810
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 960
    PRIMEWAY
    Similarity Rank: 1050
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1104
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1170
    Credence Funding Corporation
    Similarity Rank: 1264
    TEXAS BAY
    Similarity Rank: 1557

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 561 $112,435,000 $200,419 $4,563 4.85%

    For 2022, Amoco's most frequently originated type of loan was Conventional, with 561 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 228 $65,000,000 $285,088 $4,663 5.14%
    Cash Out Refi 185 $28,245,000 $152,676 $3,221 4.67%
    Home Improvement 100 $10,810,000 $108,100 $0 5.12%
    Refi 46 $8,220,000 $178,696 $3,409 3.51%
    Other 2 $160,000 $80,000 $0 6.25%

    For 2022, Amoco's most frequently cited loan purpose was Home Purchase, with 228 originations. The 2nd most popular reason was Cash Out Refi, with 185 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 304 $81,460,000 $267,961 $4,477 5.01%
    15 Year 136 $17,560,000 $129,118 $5,770 4.31%
    20 Year 82 $9,610,000 $117,195 $7,134 5.53%
    10 Year 34 $3,490,000 $102,647 $9,094 4.10%
    5 Year 4 $250,000 $62,500 $0 3.97%
    Other 1 $65,000 $65,000 $0 4.13%

    For 2022, Amoco's most frequently cited loan duration was 30 Year, with 304 originations. The 2nd most popular length was 15 Year, with 136 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 312 $58,470,000 $187,404
    $1k-2k 223 $47,205,000 $211,682
    $3k-4k 9 $2,225,000 $247,222
    $2k-3k 7 $865,000 $123,571
    $4k-5k 5 $1,485,000 $297,000
    $5k+ 5 $2,185,000 $437,000

    Amoco's average total fees were $4,477, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 312 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 177 $39,335,000 $222,232
    4-5% 148 $31,560,000 $213,243
    3-4% 106 $21,320,000 $201,132
    6-7% 77 $12,715,000 $165,130
    2.5-3% 36 $5,280,000 $146,667
    <2.5% 10 $1,650,000 $165,000
    7-8% 7 $575,000 $82,143

    During 2022, Amoco's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 5-6%, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 192 $54,300,000 $282,813 $4,530 4.94%
    $100k-200k 177 $26,695,000 $150,819 $3,911 4.70%
    $100,000 or less 150 $9,810,000 $65,400 $2,943 4.89%
    $400k-600k 35 $16,125,000 $460,714 $5,470 4.98%
    $600k-1MM 6 $4,200,000 $700,000 $7,102 4.73%
    $1MM+ 1 $1,305,000 $1,305,000 $9,511 5.25%

    2022 saw Amoco place emphasis on $200k-400k loans with 192 originations, totaling $54,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 175 $32,935,000 $188,200 $4,446 4.91%
    $150k-250k 128 $33,240,000 $259,688 $5,085 5.05%
    $75k-100k 109 $19,235,000 $176,468 $4,147 4.83%
    $50k-75k 84 $12,660,000 $150,714 $4,619 4.62%
    $50k or less 37 $3,785,000 $102,297 $3,277 4.35%
    $250k+ 21 $8,545,000 $406,905 $5,942 4.99%

    Amoco lent most frequently to those with incomes in the $100k-150k range, with 175 originations. The second most popular income band? $150k-250k, with 128 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 109 $21,865,000 $200,596 $4,500 4.80%
    20-30% 101 $20,385,000 $201,832 $4,106 4.61%
    42% 38 $7,910,000 $208,158 $4,527 5.06%
    <20% 30 $6,410,000 $213,667 $6,165 4.30%
    45% 28 $5,090,000 $181,786 $5,085 5.17%
    37% 28 $5,090,000 $181,786 $4,112 4.68%
    38% 26 $5,280,000 $203,077 $4,798 4.70%
    41% 24 $4,820,000 $200,833 $3,856 5.14%
    40% 23 $4,025,000 $175,000 $4,219 5.40%
    50-60% 22 $4,020,000 $182,727 $4,857 4.50%
    44% 20 $3,560,000 $178,000 $5,974 4.98%
    39% 20 $4,240,000 $212,000 $4,703 4.80%
    36% 17 $3,525,000 $207,353 $5,145 4.99%
    43% 16 $3,280,000 $205,000 $4,819 5.45%
    46% 15 $2,515,000 $167,667 $4,229 5.43%
    >60% 12 $2,750,000 $229,167 $4,226 4.63%
    48% 11 $2,365,000 $215,000 $4,794 5.23%
    47% 9 $2,505,000 $278,333 $4,926 5.03%
    49% 8 $1,740,000 $217,500 $4,452 5.11%

    Amoco lent most frequently to those with DTI ratios of 30-36%, with 109 originations. The next most common DTI ratio? 20-30%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 420 $83,130,000 $197,929 $4,561 4.86%
    Not provided 67 $12,875,000 $192,164 $4,474 4.89%
    Black 43 $9,175,000 $213,372 $4,541 4.81%
    American Indian 14 $2,670,000 $190,714 $4,226 4.63%
    Asian 9 $2,275,000 $252,778 $5,214 5.22%
    Vietnamese 2 $780,000 $390,000 $5,212 5.06%
    Filipino 1 $345,000 $345,000 $0 2.50%
    Japanese 1 $305,000 $305,000 $4,645 3.63%
    Other Pacific Islander 1 $275,000 $275,000 $5,410 5.50%
    Other Asian 1 $225,000 $225,000 $0 6.00%
    Korean 1 $215,000 $215,000 $0 2.75%
    Chinese 1 $165,000 $165,000 $4,685 5.88%

    Approval Rates

    Total approvals of all applications
    85.32%

    Amoco has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.65%

    Amoco has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 561 $112,435,000 $200,419

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    561 $112,435,000 $200,419

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 98 $9,190,000 $93,776 $1,779 4.62%
    40-60% 78 $11,860,000 $152,051 $3,371 4.23%
    60-80% 125 $30,465,000 $243,720 $4,486 4.45%
    80-100% 202 $57,830,000 $286,287 $4,689 5.14%
    Under 20% 58 $3,090,000 $53,276 $0 5.94%