America's Mortgage Resource Rates, Fees & Info

NEW ORLEANS, LA

LEI: 254900ZKF687G440AJ92

Tax ID: 72-1333433

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    America's Mortgage Resource is a smaller mortgage company specializing in Home Purchase loans. America's Mortgage Resource has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Lafayette, Gulfport, and Hammond among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    America's Mortgage Resource has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. America's Mortgage Resource 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 5.74% 12/16/24
    30 Year Conventional Refi 5.33% 12/16/24
    30 Year Cash-out Refi 5.94% 12/16/24
    30 Year FHA Purchase 6.01% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 5.80% 12/16/24
    30 Year USDA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 4.95% 12/16/24
    15 Year Conventional Refi 5.43% 12/16/24
    15 Year Cash-out Refi 5.43% 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.

    America's Mortgage Resource Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from America's Mortgage Resource. 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

    257

    Origination Dollar Volume (All Markets)

    $55,675,000
    Show all (5) awards

    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
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 227 $51,985,000 $229,009 $3,353 4.74%
    BATON ROUGE, LA (FHA|USDA|VA) 11 $1,915,000 $174,091 $3,764 4.77%
    LAFAYETTE, LA (FHA|USDA|VA) 6 $680,000 $113,333 $2,250 4.70%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 4 $350,000 $87,500 $2,552 4.75%
    Outside of Metro Areas 2 $280,000 $140,000 $3,262 4.86%
    HAMMOND, LA (FHA|USDA|VA) 4 $240,000 $60,000 $0 4.98%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.62%
    DeRidder, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.91%
    Opelousas, LA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.81%
    America's Mortgage Resource's top markets include New Orleans, Baton Rouge, Lafayette, Gulfport, and Hammond among others.

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

    • Similar Lenders

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

    GREATER NEW ORLEANS
    Similarity Rank: 182
    America's Mortgage Resource, Inc.
    Similarity Rank: 315
    JEFFERSON FINANCIAL
    Similarity Rank: 448
    Florida Parishes Bank
    Similarity Rank: 576
    Home Bank
    Similarity Rank: 608
    BancorpSouth
    Similarity Rank: 915
    KEESLER
    Similarity Rank: 936
    CLEARPATH LENDING
    Similarity Rank: 1610
    FBT Mortgage, L.L.C.
    Similarity Rank: 3132
    THRIVE MORTGAGE, LLC
    Similarity Rank: 3540

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 167 $42,115,000 $252,186 $2,959 4.80%
    FHA 38 $7,480,000 $196,842 $4,557 4.46%
    FHA 35 $2,385,000 $68,143 $0 4.97%
    VA 9 $2,295,000 $255,000 $5,765 4.40%
    USDA 8 $1,400,000 $175,000 $3,150 4.27%

    For 2018, America's Mortgage Resource's most frequently originated type of loan was Conventional, with 167 originations. Their 2nd most popular type was FHA, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 180 $42,120,000 $234,000 $3,135 4.70%
    Cash Out Refi 39 $6,145,000 $157,564 $4,374 4.77%
    Refi 20 $6,240,000 $312,000 $4,056 4.75%
    Other 18 $1,170,000 $65,000 $0 5.06%

    For 2018, America's Mortgage Resource's most frequently cited loan purpose was Home Purchase, with 180 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 209 $50,215,000 $240,263 $3,349 4.73%
    Other 36 $2,750,000 $76,389 $1,842 4.94%
    15 Year 8 $1,630,000 $203,750 $3,214 4.23%
    20 Year 4 $1,080,000 $270,000 $4,213 4.56%

    For 2018, America's Mortgage Resource's most frequently cited loan duration was 30 Year, with 209 originations. The 2nd most popular length was Other, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 159 $37,415,000 $235,314
    $<1k 46 $10,840,000 $235,652
    $2k-3k 11 $3,005,000 $273,182
    $3k-4k 4 $1,400,000 $350,000
    $5k+ 1 $455,000 $455,000

    America's Mortgage Resource's average total fees were $3,349, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 159 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 176 $40,870,000 $232,216
    5-6% 59 $9,565,000 $162,119
    3-4% 21 $5,015,000 $238,810
    6-7% 1 $225,000 $225,000

    During 2018, America's Mortgage Resource's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 176 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 99 $14,705,000 $148,535 $2,828 4.74%
    $200k-400k 99 $27,295,000 $275,707 $3,618 4.69%
    $100,000 or less 35 $1,715,000 $49,000 $2,765 4.97%
    $400k-600k 21 $9,665,000 $460,238 $4,486 4.64%
    $600k-1MM 3 $2,295,000 $765,000 $4,195 4.63%

    2018 saw America's Mortgage Resource place emphasis on $100k-200k loans with 99 originations, totaling $14,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 72 $7,660,000 $106,389 $2,605 4.79%
    $50k-75k 61 $11,475,000 $188,115 $3,149 4.73%
    $100k-150k 44 $11,440,000 $260,000 $4,005 4.73%
    $75k-100k 37 $9,455,000 $255,541 $3,395 4.67%
    $150k-250k 26 $8,510,000 $327,308 $3,655 4.72%
    $250k+ 17 $7,135,000 $419,706 $3,504 4.85%

    America's Mortgage Resource lent most frequently to those with incomes in the $50k or less range, with 72 originations. The second most popular income band? $50k-75k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 44 $12,430,000 $282,500 $3,755 4.71%
    20-30% 32 $7,190,000 $224,688 $2,987 4.74%
    <20% 15 $3,595,000 $239,667 $3,197 4.98%
    42% 14 $4,300,000 $307,143 $3,827 4.61%
    43% 14 $3,100,000 $221,429 $3,652 4.73%
    40% 11 $2,145,000 $195,000 $3,028 4.72%
    36% 10 $2,180,000 $218,000 $3,283 4.58%
    38% 9 $1,505,000 $167,222 $2,490 4.65%
    49% 9 $2,145,000 $238,333 $3,606 4.86%
    46% 9 $2,305,000 $256,111 $3,156 4.76%
    45% 8 $1,660,000 $207,500 $4,159 4.69%
    44% 7 $1,925,000 $275,000 $2,889 4.70%
    47% 7 $1,685,000 $240,714 $3,001 4.46%
    48% 7 $1,745,000 $249,286 $4,385 4.39%
    39% 7 $1,335,000 $190,714 $2,571 4.80%
    41% 7 $1,605,000 $229,286 $2,791 4.88%
    37% 6 $1,120,000 $186,667 $2,422 4.54%
    >60% 5 $965,000 $193,000 $4,395 4.76%
    50-60% 3 $585,000 $195,000 $4,185 4.63%

    America's Mortgage Resource lent most frequently to those with DTI ratios of 30-36%, with 44 originations. The next most common DTI ratio? 20-30%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 232 $51,320,000 $221,207 $3,385 4.73%
    Black 18 $3,200,000 $177,778 $2,949 4.88%
    Asian 4 $860,000 $215,000 $3,276 4.66%
    American Indian 1 $165,000 $165,000 $3,253 5.20%
    Not provided 2 $130,000 $65,000 $0 5.01%

    Approval Rates

    Total approvals of all applications
    97.41%

    America's Mortgage Resource has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    82.88%

    America's Mortgage Resource has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 257 $55,675,000 $216,634

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 257 $55,675,000 $216,634

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,750,000 $87,500 $2,306 4.95%
    40-60% 23 $5,215,000 $226,739 $3,966 4.80%
    60-80% 67 $17,495,000 $261,119 $3,321 4.78%
    80-100% 131 $29,955,000 $228,664 $3,222 4.67%
    Over 100% 3 $975,000 $325,000 $8,803 4.33%
    Under 20% 13 $285,000 $21,923 $0 5.00%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    America's Mortgage Lender, L.L.C. VA mortgage Closing on a mortgage 1 100.0%