Mortgage America Rates, Fees & Info

Whitehall, PA

LEI: 5493000GQ5D5YW5QID32

Tax ID: 23-2551885

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Mortgage Data

Review & Overview

Mortgage America is a smaller mortgage company specializing in Home Purchase and Refi loans. Mortgage America has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Reading, Allentown, Harrisburg, and Pottsville among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mortgage America 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. Mortgage America 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 6.74% 10/31/24
30 Year Conventional Refi 6.56% 10/31/24
30 Year Cash-out Refi 6.93% 10/31/24
30 Year FHA Purchase 7.50% 10/31/24
30 Year FHA Refi 7.33% 10/31/24
30 Year VA Purchase 6.30% 10/31/24
30 Year VA Refi 5.55% 10/31/24
30 Year USDA Purchase 7.10% 10/31/24
15 Year Conventional Purchase 6.15% 10/31/24
15 Year Conventional Refi 5.99% 10/31/24
15 Year Cash-out Refi 5.99% 10/31/24
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.

Mortgage America Mortgage Calculator






Your Estimates

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

This is not an official calculator from Mortgage America. 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

3,932

Origination Dollar Volume (All Markets)

$963,630,000
Show all (13) 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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,579 $476,315,000 $301,656 $4,842 2.98%
READING, PA (FHA|USDA|VA) 876 $176,800,000 $201,826 $4,390 3.07%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 662 $148,760,000 $224,713 $4,461 3.07%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 200 $40,770,000 $203,850 $4,353 3.03%
Pottsville, PA (FHA|USDA|VA) 213 $29,555,000 $138,756 $4,269 3.21%
LANCASTER, PA (FHA|USDA|VA) 93 $21,065,000 $226,505 $4,775 3.13%
OCEAN CITY, NJ (FHA|USDA|VA) 32 $15,090,000 $471,563 $5,163 3.06%
LEBANON, PA (FHA|USDA|VA) 39 $7,135,000 $182,949 $4,414 2.93%
EAST STROUDSBURG, PA (FHA|USDA|VA) 32 $6,470,000 $202,188 $4,851 3.11%
Sunbury, PA (FHA|USDA|VA) 36 $5,080,000 $141,111 $4,542 2.88%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 18 $4,490,000 $249,444 $4,620 3.00%
Lewisburg, PA (FHA|USDA|VA) 22 $4,480,000 $203,636 $4,912 2.90%
YORK-HANOVER, PA (FHA|USDA|VA) 18 $3,830,000 $212,778 $4,389 3.11%
SALISBURY, MD-DE (FHA|USDA|VA) 10 $3,590,000 $359,000 $4,774 3.01%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 12 $3,420,000 $285,000 $3,576 3.40%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 18 $3,310,000 $183,889 $5,160 2.89%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 14 $2,630,000 $187,857 $4,743 2.83%
Selinsgrove, PA (FHA|USDA|VA) 14 $2,530,000 $180,714 $4,986 2.76%
Outside of Metro Areas 13 $2,065,000 $158,846 $3,542 3.18%
WILLIAMSPORT, PA (FHA|USDA|VA) 6 $1,260,000 $210,000 $3,917 2.58%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $1,090,000 $272,500 $6,334 2.88%
GETTYSBURG, PA (FHA|USDA|VA) 3 $745,000 $248,333 $3,726 3.29%
PITTSBURGH, PA (FHA|USDA|VA) 3 $705,000 $235,000 $4,632 3.00%
STATE COLLEGE, PA (FHA|USDA|VA) 2 $500,000 $250,000 $4,275 3.50%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $355,000 $355,000 $11,719 2.63%
Lock Haven, PA (FHA|USDA|VA) 1 $345,000 $345,000 $0 2.38%
Sayre, PA (FHA|USDA|VA) 2 $310,000 $155,000 $3,478 3.25%
Huntingdon, PA (FHA|USDA|VA) 2 $220,000 $110,000 $4,650 3.38%
JOHNSTOWN, PA (FHA|USDA|VA) 2 $180,000 $90,000 $4,213 3.25%
Oil City, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,876 3.25%
DOVER, DE (FHA|USDA|VA) 1 $115,000 $115,000 $2,853 2.25%
Lewistown, PA (FHA|USDA|VA) 1 $115,000 $115,000 $3,169 2.38%
ERIE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $5,041 2.38%
St. Marys, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,951 3.25%
Mortgage America's top markets include Philadelphia, Reading, Allentown, Harrisburg, and Pottsville among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Similar Lenders

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

    N C P D Federal Credit Union
    Similarity Rank: 102
    BELLCO
    Similarity Rank: 176
    First Columbia Bank & Trust Co.
    Similarity Rank: 180
    The Muncy Bank and Trust Company
    Similarity Rank: 182
    First Keystone Community Bank
    Similarity Rank: 270
    First Citizens Community Bank
    Similarity Rank: 270
    ACNB Bank
    Similarity Rank: 300
    Schuyler Savings Bank
    Similarity Rank: 352
    Sail Mortgage Corp.
    Similarity Rank: 360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,305 $838,715,000 $253,772 $4,218 3.05%
    FHA 400 $75,410,000 $188,525 $6,928 3.03%
    USDA 115 $18,775,000 $163,261 $5,303 2.81%
    VA 112 $30,730,000 $274,375 $6,978 2.79%

    For 2021, Mortgage America's most frequently originated type of loan was Conventional, with 3,305 originations. Their 2nd most popular type was FHA, with 400 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,559 $644,725,000 $251,944 $4,940 3.08%
    Refi 998 $228,580,000 $229,038 $3,898 2.88%
    Cash Out Refi 375 $90,325,000 $240,867 $4,199 3.14%

    For 2021, Mortgage America's most frequently cited loan purpose was Home Purchase, with 2,559 originations. The 2nd most popular reason was Refi, with 998 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,298 $826,560,000 $250,625 $4,746 3.08%
    15 Year 376 $79,850,000 $212,367 $3,882 2.65%
    20 Year 173 $38,575,000 $222,977 $3,842 2.93%
    Other 62 $14,500,000 $233,871 $4,047 3.08%
    10 Year 23 $4,145,000 $180,217 $3,375 2.53%

    For 2021, Mortgage America's most frequently cited loan duration was 30 Year, with 3,298 originations. The 2nd most popular length was 15 Year, with 376 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,482 $857,220,000 $246,186
    $1k-2k 190 $37,800,000 $198,947
    $2k-3k 133 $28,765,000 $216,278
    $3k-4k 55 $13,455,000 $244,636
    $4k-5k 36 $11,040,000 $306,667
    $5k+ 36 $15,350,000 $426,389

    Mortgage America's average total fees were $4,746, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,482 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,809 $471,905,000 $260,865
    3-4% 1,645 $388,945,000 $236,441
    <2.5% 414 $93,390,000 $225,580
    4-5% 63 $9,135,000 $145,000

    During 2021, Mortgage America's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,809 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,789 $490,645,000 $274,257 $4,848 3.02%
    $100k-200k 1,440 $225,060,000 $156,292 $4,038 3.05%
    $400k-600k 389 $183,995,000 $472,995 $5,853 2.93%
    $100,000 or less 260 $19,910,000 $76,577 $3,497 3.22%
    $600k-1MM 46 $34,620,000 $752,609 $7,599 2.99%
    $1MM+ 8 $9,400,000 $1,175,000 $9,036 3.16%

    2021 saw Mortgage America place emphasis on $200k-400k loans with 1,789 originations, totaling $490,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 998 $198,740,000 $199,138 $4,497 3.04%
    $100k-150k 856 $239,090,000 $279,311 $4,676 3.02%
    $75k-100k 727 $166,385,000 $228,865 $4,659 3.08%
    $50k or less 647 $94,385,000 $145,881 $4,166 3.03%
    $150k-250k 520 $181,760,000 $349,538 $4,941 3.00%
    $250k+ 184 $83,270,000 $452,554 $5,219 2.99%

    Mortgage America lent most frequently to those with incomes in the $50k-75k range, with 998 originations. The second most popular income band? $100k-150k, with 856 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 929 $231,185,000 $248,854 $4,395 3.00%
    30-36% 689 $163,045,000 $236,640 $4,566 3.04%
    <20% 276 $65,030,000 $235,616 $3,952 2.96%
    44% 136 $30,910,000 $227,279 $5,196 3.12%
    40% 135 $30,735,000 $227,667 $4,604 3.08%
    43% 132 $29,230,000 $221,439 $4,803 3.07%
    38% 128 $29,130,000 $227,578 $4,727 3.17%
    37% 127 $30,775,000 $242,323 $4,670 3.03%
    42% 120 $27,560,000 $229,667 $4,889 3.08%
    36% 120 $29,610,000 $246,750 $4,649 3.06%
    49% 119 $29,765,000 $250,126 $5,152 3.07%
    39% 117 $29,395,000 $251,239 $4,962 3.14%
    41% 114 $24,070,000 $211,140 $4,633 3.10%
    45% 94 $21,950,000 $233,511 $4,628 3.11%
    46% 94 $22,310,000 $237,340 $4,480 3.04%
    48% 90 $22,210,000 $246,778 $4,663 3.08%
    47% 87 $21,945,000 $252,241 $5,007 3.03%
    50-60% 29 $6,335,000 $218,448 $6,412 3.13%
    >60% 1 $275,000 $275,000 $3,985 3.38%

    Mortgage America lent most frequently to those with DTI ratios of 20-30%, with 929 originations. The next most common DTI ratio? 30-36%, with 689 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,542 $852,150,000 $240,584 $4,525 3.03%
    Not provided 132 $39,890,000 $302,197 $5,018 3.04%
    Asian 107 $35,245,000 $329,393 $5,107 2.89%
    Black 143 $34,465,000 $241,014 $5,762 3.10%
    Native Hawaiian or Islander 4 $1,010,000 $252,500 $5,064 2.75%
    American Indian 4 $870,000 $217,500 $5,646 3.13%

    Approval Rates

    Total approvals of all applications
    98.96%

    Mortgage America 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
    79.09%

    Mortgage America has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,932 $963,630,000 $245,074

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,932 $963,630,000 $245,074

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 116 $18,120,000 $156,207 $3,375 2.85%
    40-60% 425 $88,015,000 $207,094 $3,744 2.89%
    60-80% 1,254 $316,920,000 $252,727 $4,198 3.06%
    80-100% 2,105 $531,885,000 $252,677 $4,998 3.06%
    Over 100% 30 $8,540,000 $284,667 $11,044 2.73%
    Under 20% 2 $150,000 $75,000 $2,997 3.00%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MORTGAGE AMERICA, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%