Amoco Mortgage Rates, Fees & Info
Texas City, TXLEI: 254900TIRELTI8ENRL83
Tax ID: 74-1110077
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
488Origination Dollar Volume (All Markets)
$86,660,000Relative 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 applications81.93%
Amoco has a below average approval rate.
Pick Rate
Approvals leading to origination60.30%
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% |
