Amoco Mortgage Rates, Fees & Info

Texas City, TX

LEI: 254900TIRELTI8ENRL83

Tax ID: 74-1110077

4.1 stars - out of 5 stars, based on 22 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Amoco is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Amoco has a high proportion of conventional loans. Their top markets include and Houston among others. Amoco has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Amoco is typically an average fee lendor.


Originations

488

Origination Dollar Volume (All Markets)

$86,660,000

Relative Rate

Amoco's average 30 year fixed rate mortgage of loans were 3.47%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.32%.

Relative Fees

Amoco's average total fees for a 30 year fixed rate mortgage are $4,653.

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

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 488 $86,660,000 $177,582 $4,720 3.21%

Amoco's top markets include and Houston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 488 $86,660,000 $177,582 $4,720 3.21%

For the 2021 period, Amoco's most frequently originated loan type of loans were Conventional, with 488 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 206 $29,580,000 $143,592 $0 3.17%
Refi 150 $26,460,000 $176,400 $4,801 3.02%
Home Purchase 117 $29,035,000 $248,162 $4,624 3.39%
Home Improvement 10 $1,110,000 $111,000 $5,743 4.61%
Other 5 $475,000 $95,000 $0 3.50%

For the 2021, Amoco's most frequently cited loan purpose of loans were Cash Out Refi, with 206 originations. The 2nd most popular reason of loans were Refi, with 150 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 222 $50,920,000 $229,369 $4,653 3.47%
15 Year 159 $23,955,000 $150,660 $5,014 2.83%
20 Year 56 $7,280,000 $130,000 $4,317 3.41%
10 Year 48 $4,160,000 $86,667 $5,090 3.03%
Other 2 $270,000 $135,000 $0 3.63%
5 Year 1 $75,000 $75,000 $0 2.75%

For the 2021, Amoco's most frequently cited loan length of loans were 30 Year, with 222 originations. The 2nd most popular length of loans were 15 Year, with 159 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 374 $63,490,000 $169,759
$2k-3k 45 $9,265,000 $205,889
$1k-2k 37 $4,855,000 $131,216
$3k-4k 26 $7,400,000 $284,615
$5k+ 2 $1,070,000 $535,000

$4,653 of loans were Amoco's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 374 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 200 $41,260,000 $206,300
2.5-3% 163 $26,445,000 $162,239
<2.5% 79 $11,775,000 $149,051
4-5% 29 $5,975,000 $206,034
5-6% 14 $790,000 $56,429
6-7% 2 $150,000 $75,000

During 2021, Amoco's average interest rate of loans were 3.47%, while their most frequently originated rate bucket of loans were 3-4%, with 200 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 208 $30,140,000 $144,904 $4,107 3.15%
$200k-400k 151 $39,585,000 $262,152 $4,899 3.23%
$100,000 or less 111 $7,245,000 $65,270 $4,248 3.29%
$400k-600k 12 $5,360,000 $446,667 $6,313 3.17%
$600k-1MM 5 $3,145,000 $629,000 $9,203 3.35%
$1MM+ 1 $1,185,000 $1,185,000 $8,417 3.63%

2021 saw Amoco place emphasis on $100k-200k loans with 208 originations, totaling $30,140,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 74 $15,040,000 $203,243 $4,790 3.31%
$150k-250k 44 $11,540,000 $262,273 $5,746 3.43%
$50k-75k 41 $7,145,000 $174,268 $4,246 3.26%
$75k-100k 40 $7,710,000 $192,750 $4,804 3.41%
$50k or less 15 $1,845,000 $123,000 $3,876 3.36%
$250k+ 4 $2,440,000 $610,000 $7,409 3.53%

Amoco lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $150k-250k, with 44 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 36 $7,470,000 $207,500 $5,594 3.17%
20-30% 16 $3,470,000 $216,875 $5,789 3.01%
<20% 16 $1,590,000 $99,375 $4,198 3.06%
41% 8 $1,850,000 $231,250 $5,963 3.20%
37% 8 $1,400,000 $175,000 $4,972 3.17%
42% 6 $1,370,000 $228,333 $5,597 3.31%
44% 6 $1,080,000 $180,000 $5,999 3.94%
40% 5 $1,945,000 $389,000 $6,321 3.88%
36% 5 $1,205,000 $241,000 $5,823 3.13%
48% 5 $795,000 $159,000 $4,723 3.20%
43% 4 $750,000 $187,500 $4,195 2.81%
39% 3 $405,000 $135,000 $5,128 4.21%
50-60% 3 $595,000 $198,333 $6,087 3.38%
45% 3 $615,000 $205,000 $4,957 3.13%
47% 3 $445,000 $148,333 $4,927 3.00%
46% 1 $255,000 $255,000 $5,745 2.25%
49% 1 $135,000 $135,000 $4,105 2.75%
38% 1 $225,000 $225,000 $5,120 3.38%

Amoco lent most frequently to those with DTI ratios of 30-36%, with 36 originations. The next most common DTI ratio? 20-30%, with 16 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 365 $63,445,000 $173,822 $4,769 3.21%
Not provided 71 $12,225,000 $172,183 $4,512 3.28%
Black 37 $7,835,000 $211,757 $4,475 3.22%
Asian 6 $1,430,000 $238,333 $5,117 2.68%
American Indian 5 $1,055,000 $211,000 $5,679 3.00%
Native Hawaiian 2 $360,000 $180,000 $3,522 3.38%
Other Asian 2 $310,000 $155,000 $3,522 3.25%

Approval Rates

Total approvals of all applications
81.93%

Amoco has a below average approval rate.

Pick Rate

Approvals leading to origination
60.30%

Amoco 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 488 $86,660,000 $177,582

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
488 $86,660,000 $177,582

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 15 $1,175,000 $78,333 $3,813 2.81%
40-60% 32 $4,950,000 $154,688 $4,912 3.02%
60-80% 47 $9,535,000 $202,872 $5,301 3.31%
80-100% 32 $10,060,000 $314,375 $6,400 3.29%
Under 20% 6 $250,000 $41,667 $0 4.15%