Amoco Mortgage Rates, Fees & Info

Texas City, TX

LEI: 254900TIRELTI8ENRL83

Tax ID: 74-1110077

5 stars - Updated: 12/16/24 - out of 5 stars, based on 24 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • 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 loans. Amoco has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Athens, College Station, Bay City, and Mcallen among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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 an average 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 relatively high 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% 12/16/24
    30 Year Conventional Refi 5.84% 12/16/24
    30 Year Cash-out Refi 6.40% 12/16/24
    15 Year Conventional Purchase 5.85% 12/16/24
    15 Year Conventional Refi 5.76% 12/16/24
    15 Year Cash-out Refi 5.76% 12/16/24
    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.

    Amoco Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Amoco. 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

    568

    Origination Dollar Volume (All Markets)

    $123,330,000

    Awards

    AMOCO 30 Year Conventional Loans gold AMOCO 30 Year Conventional Loans gold AMOCO 30 Year Conventional Loans silver
    Show all (3) awards

    Relative Rate

    Amoco's average 30 year fixed mortgage rate was 6.06%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.42%.

    Relative Fees (Closing Costs)

    Amoco's average total fees/closing costs for a 30 year fixed rate mortgage were $4,752.

    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 $9,089.

    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) 561 $122,015,000 $217,496 $4,108 6.10%
    Athens, TX (FHA|USDA|VA) 1 $495,000 $495,000 $4,506 5.75%
    Outside of Metro Areas 3 $435,000 $145,000 $3,780 6.38%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.75%
    Bay City, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,034 5.50%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.88%
    Amoco's top markets include Houston, Athens, College Station, Bay City, and Mcallen among others.

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

    AMOCO
    Similarity Rank: 258
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 300
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    East West Bank
    Similarity Rank: 703
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 714
    AAXY L.L.C.
    Similarity Rank: 736
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 770
    PRIMEWAY
    Similarity Rank: 1048
    HOMEWAY MORTGAGE LLC
    Similarity Rank: 1050
    FIRST SERVICE Credit Union
    Similarity Rank: 1054

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 568 $123,330,000 $217,130 $4,110 6.10%

    For 2023, Amoco's most frequently originated type of loan was Conventional, with 568 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 305 $90,485,000 $296,672 $4,879 5.98%
    Cash Out Refi 204 $21,890,000 $107,304 $2,521 6.33%
    Refi 23 $5,825,000 $253,261 $3,429 5.63%
    Other 21 $3,895,000 $185,476 $3,860 6.17%
    Home Improvement 15 $1,235,000 $82,333 $2,573 5.93%

    For 2023, Amoco's most frequently cited loan purpose was Home Purchase, with 305 originations. The 2nd most popular reason was Cash Out Refi, with 204 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 346 $99,510,000 $287,601 $4,752 6.06%
    20 Year 126 $12,040,000 $95,556 $2,129 6.42%
    15 Year 78 $9,620,000 $123,333 $2,698 5.79%
    10 Year 15 $975,000 $65,000 $1,656 5.73%
    1 Year 3 $1,185,000 $395,000 $15,100 6.88%

    For 2023, Amoco's most frequently cited loan duration was 30 Year, with 346 originations. The 2nd most popular length was 20 Year, with 126 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 340 $75,570,000 $222,265
    $<1k 184 $36,940,000 $200,761
    $2k-3k 18 $3,560,000 $197,778
    $4k-5k 9 $2,165,000 $240,556
    $5k+ 8 $3,290,000 $411,250
    $3k-4k 6 $1,470,000 $245,000

    Amoco's average total fees were $4,752, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 340 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 240 $50,260,000 $209,417
    5-6% 223 $55,405,000 $248,453
    7-8% 55 $8,255,000 $150,091
    4-5% 39 $6,525,000 $167,308
    3-4% 9 $2,495,000 $277,222
    Over 8% 2 $390,000 $195,000

    During 2023, Amoco's average interest rate for loans was 6.06%, while their most frequently originated rate bucket for loans was 6-7%, with 240 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 227 $64,205,000 $282,841 $4,878 5.96%
    $100,000 or less 161 $9,895,000 $61,460 $1,817 6.30%
    $100k-200k 117 $17,465,000 $149,274 $3,451 6.10%
    $400k-600k 52 $23,750,000 $456,731 $6,007 6.10%
    $600k-1MM 11 $8,015,000 $728,636 $8,360 6.06%

    2023 saw Amoco place emphasis on $200k-400k loans with 227 originations, totaling $64,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 161 $32,505,000 $201,894 $3,907 6.17%
    $150k-250k 147 $40,075,000 $272,619 $4,520 6.13%
    $75k-100k 93 $16,405,000 $176,398 $3,973 6.13%
    $50k-75k 81 $12,235,000 $151,049 $3,500 6.06%
    $250k+ 54 $17,390,000 $322,037 $5,386 6.22%
    $50k or less 29 $3,965,000 $136,724 $3,121 5.46%

    Amoco lent most frequently to those with incomes in the $100k-150k range, with 161 originations. The second most popular income band? $150k-250k, with 147 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 104 $22,190,000 $213,365 $4,089 6.22%
    20-30% 87 $18,435,000 $211,897 $4,407 5.94%
    38% 37 $8,485,000 $229,324 $4,177 6.09%
    <20% 35 $6,175,000 $176,429 $3,338 5.84%
    40% 31 $6,715,000 $216,613 $3,830 6.25%
    42% 30 $5,930,000 $197,667 $3,815 6.24%
    43% 29 $6,505,000 $224,310 $4,372 6.36%
    41% 29 $6,945,000 $239,483 $4,089 6.45%
    39% 27 $5,665,000 $209,815 $3,658 6.02%
    36% 26 $5,230,000 $201,154 $4,574 6.14%
    45% 24 $6,020,000 $250,833 $4,200 6.32%
    44% 23 $4,775,000 $207,609 $4,221 6.23%
    37% 20 $5,510,000 $275,500 $4,937 5.93%
    50-60% 19 $3,935,000 $207,105 $4,073 5.94%
    47% 17 $2,985,000 $175,588 $3,807 6.15%
    >60% 14 $3,350,000 $239,286 $3,383 4.92%
    46% 9 $3,045,000 $338,333 $5,472 5.85%
    49% 4 $1,050,000 $262,500 $3,126 6.00%
    48% 3 $385,000 $128,333 $2,199 6.63%

    Amoco lent most frequently to those with DTI ratios of 30-36%, with 104 originations. The next most common DTI ratio? 20-30%, with 87 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 430 $94,120,000 $218,884 $4,150 6.10%
    Not provided 77 $15,065,000 $195,649 $3,631 6.06%
    Black 43 $9,665,000 $224,767 $4,429 6.22%
    Asian 7 $2,275,000 $325,000 $5,428 5.63%
    American Indian 9 $1,905,000 $211,667 $3,710 6.24%
    Native Hawaiian or Islander 2 $300,000 $150,000 $5,155 6.44%

    Approval Rates

    Total approvals of all applications
    82.54%

    Amoco has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.75%

    Amoco has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 568 $123,330,000 $217,130

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    568 $123,330,000 $217,130

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 84 $8,130,000 $96,786 $2,343 6.03%
    40-60% 44 $7,550,000 $171,591 $3,660 5.79%
    60-80% 127 $36,565,000 $287,913 $4,851 6.04%
    80-100% 213 $64,865,000 $304,531 $4,919 6.04%
    Under 20% 100 $6,220,000 $62,200 $1,936 6.48%