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 an average proportion of FHA loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Gulfport, Jackson, and Ruston among others. We have data for 5 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 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 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

    198

    Origination Dollar Volume (All Markets)

    $55,140,000

    Awards

    America's Mortgage Resource FHA Loans silver America's Mortgage Resource FHA Loans bronze America's Mortgage Resource FHA Loans bronze America's Mortgage Resource FHA Loans silver
    Show all (4) 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) 193 $53,455,000 $276,969 $5,618 4.82%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $890,000 $445,000 $7,166 5.63%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $345,000 $345,000 $3,527 3.99%
    JACKSON, MS (FHA|USDA|VA) 1 $225,000 $225,000 $9,921 6.13%
    Ruston, LA (FHA|USDA|VA) 1 $225,000 $225,000 $5,902 4.99%
    America's Mortgage Resource's top markets include New Orleans, Baton Rouge, Gulfport, Jackson, and Ruston 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.

    Jefferson Parish Employees FCU
    Similarity Rank: 90
    JEFFERSON FINANCIAL
    Similarity Rank: 169
    Eureka Homestead
    Similarity Rank: 295
    America's Mortgage Resource, Inc.
    Similarity Rank: 570
    GREATER NEW ORLEANS
    Similarity Rank: 726
    FBT Mortgage, L.L.C.
    Similarity Rank: 780
    Home Bank
    Similarity Rank: 810
    THE NEW ORLEANS FIREMEN'S FEDERAL CREDIT UNION
    Similarity Rank: 917
    KEESLER
    Similarity Rank: 1302
    DSLD MORTGAGE, LLC
    Similarity Rank: 1615

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 148 $43,930,000 $296,824 $5,113 4.93%
    FHA 23 $3,435,000 $149,348 $0 4.33%
    FHA 19 $4,395,000 $231,316 $7,384 4.39%
    VA 8 $3,380,000 $422,500 $10,450 5.58%

    For 2022, America's Mortgage Resource's most frequently originated type of loan was Conventional, with 148 originations. Their 2nd most popular type was FHA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 152 $45,640,000 $300,263 $5,679 5.00%
    Other 20 $2,490,000 $124,500 $7,252 4.27%
    Cash Out Refi 15 $4,025,000 $268,333 $5,262 4.56%
    Refi 11 $2,985,000 $271,364 $5,552 3.94%

    For 2022, America's Mortgage Resource's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Other, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 167 $50,195,000 $300,569 $5,597 4.94%
    Other 24 $3,640,000 $151,667 $6,901 4.38%
    15 Year 5 $915,000 $183,000 $6,556 3.38%
    20 Year 2 $390,000 $195,000 $6,756 5.19%

    For 2022, America's Mortgage Resource's most frequently cited loan duration was 30 Year, with 167 originations. The 2nd most popular length was Other, with 24 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 45 $14,115,000 $313,667
    $3k-4k 21 $5,985,000 $285,000
    $2k-3k 19 $3,645,000 $191,842
    $5k+ 15 $5,195,000 $346,333
    $4k-5k 12 $3,790,000 $315,833
    $<1k 7 $1,265,000 $180,714

    America's Mortgage Resource's average total fees were $5,597, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 60 $18,580,000 $309,667
    3-4% 53 $16,175,000 $305,189
    4-5% 49 $10,595,000 $216,224
    6-7% 21 $6,885,000 $327,857
    7-8% 8 $2,080,000 $260,000
    <2.5% 6 $620,000 $103,333
    2.5-3% 1 $205,000 $205,000

    During 2022, America's Mortgage Resource's average interest rate for loans was 4.94%, while their most frequently originated rate bucket for loans was 5-6%, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 97 $28,125,000 $289,948 $5,800 4.93%
    $100k-200k 48 $7,640,000 $159,167 $4,656 4.59%
    $400k-600k 27 $13,125,000 $486,111 $6,219 5.14%
    $100,000 or less 18 $1,030,000 $57,222 $3,922 4.48%
    $600k-1MM 8 $5,220,000 $652,500 $9,704 5.01%

    2022 saw America's Mortgage Resource place emphasis on $200k-400k loans with 97 originations, totaling $28,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 50 $14,360,000 $287,200 $5,710 4.94%
    $50k or less 38 $5,630,000 $148,158 $4,292 4.24%
    $50k-75k 35 $7,635,000 $218,143 $4,427 5.00%
    $150k-250k 32 $12,250,000 $382,813 $7,361 5.23%
    $75k-100k 31 $8,755,000 $282,419 $5,481 4.74%
    $250k+ 12 $6,510,000 $542,500 $6,343 5.01%

    America's Mortgage Resource lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $50k or less, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 42 $11,960,000 $284,762 $6,090 4.61%
    30-36% 33 $9,145,000 $277,121 $5,553 4.95%
    47% 11 $3,035,000 $275,909 $3,232 5.10%
    38% 11 $3,155,000 $286,818 $6,972 4.98%
    45% 10 $2,990,000 $299,000 $4,749 4.95%
    <20% 10 $2,260,000 $226,000 $7,438 5.05%
    40% 9 $2,375,000 $263,889 $5,440 4.69%
    42% 8 $1,960,000 $245,000 $5,930 4.43%
    44% 8 $2,960,000 $370,000 $6,535 4.70%
    46% 8 $2,560,000 $320,000 $8,105 5.78%
    43% 7 $2,175,000 $310,714 $6,189 4.48%
    37% 7 $1,365,000 $195,000 $5,584 4.13%
    39% 7 $1,985,000 $283,571 $5,357 4.80%
    48% 6 $1,410,000 $235,000 $5,416 5.73%
    49% 6 $1,880,000 $313,333 $2,610 4.75%
    50-60% 5 $895,000 $179,000 $6,903 5.27%
    36% 5 $1,615,000 $323,000 $4,066 4.98%
    41% 5 $1,415,000 $283,000 $3,499 4.08%

    America's Mortgage Resource lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 170 $47,500,000 $279,412 $5,617 4.80%
    Black 14 $3,490,000 $249,286 $5,601 5.07%
    Not provided 7 $1,685,000 $240,714 $5,779 5.36%
    American Indian 3 $1,335,000 $445,000 $7,741 4.96%
    Asian 4 $1,130,000 $282,500 $4,841 4.63%

    Approval Rates

    Total approvals of all applications
    97.68%

    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
    72.22%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 198 $55,140,000 $278,485

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    198 $55,140,000 $278,485

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,240,000 $124,000 $4,083 5.24%
    40-60% 15 $3,055,000 $203,667 $4,713 4.52%
    60-80% 70 $20,110,000 $287,286 $5,803 4.95%
    80-100% 87 $28,205,000 $324,195 $5,078 4.86%
    Over 100% 7 $2,195,000 $313,571 $12,578 4.89%
    Under 20% 9 $335,000 $37,222 $0 3.73%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Trouble during payment process 1 100.0%