Mortgage America Rates, Fees & Info

Whitehall, PA

LEI: 5493000GQ5D5YW5QID32

Tax ID: 23-2551885

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

    Mortgage America is a smaller mortgage company specializing in Home Purchase 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, Pottsville, and Harrisburg among others. We have data for 27 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% 12/16/24
    30 Year Conventional Refi 6.56% 12/16/24
    30 Year Cash-out Refi 6.93% 12/16/24
    30 Year FHA Purchase 7.50% 12/16/24
    30 Year FHA Refi 7.33% 12/16/24
    30 Year VA Purchase 6.30% 12/16/24
    30 Year VA Refi 5.55% 12/16/24
    30 Year USDA Purchase 7.10% 12/16/24
    15 Year Conventional Purchase 6.15% 12/16/24
    15 Year Conventional Refi 5.99% 12/16/24
    15 Year Cash-out Refi 5.99% 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.

    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

    2,360

    Origination Dollar Volume (All Markets)

    $614,670,000
    Show all (11) 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) 915 $294,015,000 $321,328 $5,896 4.81%
    READING, PA (FHA|USDA|VA) 541 $114,025,000 $210,767 $5,411 4.97%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 417 $104,655,000 $250,971 $5,722 5.11%
    Pottsville, PA (FHA|USDA|VA) 172 $26,080,000 $151,628 $5,095 5.33%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 92 $20,660,000 $224,565 $5,527 5.38%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 34 $9,150,000 $269,118 $5,790 4.81%
    LANCASTER, PA (FHA|USDA|VA) 39 $9,015,000 $231,154 $6,301 4.94%
    LEBANON, PA (FHA|USDA|VA) 22 $4,850,000 $220,455 $5,631 5.09%
    OCEAN CITY, NJ (FHA|USDA|VA) 7 $3,945,000 $563,571 $8,359 4.68%
    SALISBURY, MD-DE (FHA|USDA|VA) 9 $3,945,000 $438,333 $7,980 4.15%
    YORK-HANOVER, PA (FHA|USDA|VA) 17 $3,795,000 $223,235 $5,378 5.02%
    Lewisburg, PA (FHA|USDA|VA) 16 $3,710,000 $231,875 $4,811 4.84%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 12 $3,280,000 $273,333 $5,097 5.41%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 12 $2,780,000 $231,667 $5,095 5.19%
    Sunbury, PA (FHA|USDA|VA) 18 $2,600,000 $144,444 $4,165 4.99%
    Outside of Metro Areas 11 $2,245,000 $204,091 $5,705 4.95%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 7 $1,835,000 $262,143 $4,228 5.25%
    Selinsgrove, PA (FHA|USDA|VA) 6 $1,120,000 $186,667 $3,951 4.90%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $825,000 $275,000 $4,358 4.71%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $790,000 $395,000 $5,504 5.31%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $285,000 $285,000 $4,760 5.50%
    Huntingdon, PA (FHA|USDA|VA) 1 $285,000 $285,000 $3,893 4.25%
    DOVER, DE (FHA|USDA|VA) 1 $235,000 $235,000 $15,022 4.75%
    WILLIAMSPORT, PA (FHA|USDA|VA) 2 $210,000 $105,000 $4,117 4.00%
    ERIE, PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,434 4.38%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,997 7.00%
    Oil City, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,449 5.50%
    Mortgage America's top markets include Philadelphia, Reading, Allentown, Pottsville, and Harrisburg 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.

    RSI BANK
    Similarity Rank: 30
    First Columbia Bank & Trust Co.
    Similarity Rank: 36
    Schuyler Savings Bank
    Similarity Rank: 51
    SERVICE 1ST
    Similarity Rank: 57
    North Jersey Federal Credit Union
    Similarity Rank: 124
    The First National Bank of Long Island
    Similarity Rank: 142
    N C P D Federal Credit Union
    Similarity Rank: 201
    LEBANON
    Similarity Rank: 210
    PATRIOT
    Similarity Rank: 322
    First Commonwealth Federal Credit Union
    Similarity Rank: 360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,970 $530,440,000 $269,259 $5,256 4.94%
    FHA 310 $64,670,000 $208,613 $7,882 5.14%
    VA 45 $13,995,000 $311,000 $7,879 4.95%
    USDA 35 $5,565,000 $159,000 $5,588 5.14%

    For 2022, Mortgage America's most frequently originated type of loan was Conventional, with 1,970 originations. Their 2nd most popular type was FHA, with 310 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,078 $550,590,000 $264,962 $5,747 5.09%
    Refi 142 $30,710,000 $216,268 $4,460 3.85%
    Cash Out Refi 140 $33,370,000 $238,357 $5,504 4.34%

    For 2022, Mortgage America's most frequently cited loan purpose was Home Purchase, with 2,078 originations. The 2nd most popular reason was Refi, with 142 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,229 $585,285,000 $262,577 $5,719 5.04%
    15 Year 92 $21,770,000 $236,630 $4,783 3.84%
    20 Year 27 $5,505,000 $203,889 $3,989 3.61%
    Other 8 $1,600,000 $200,000 $4,048 3.73%
    10 Year 4 $510,000 $127,500 $4,363 2.78%

    For 2022, Mortgage America's most frequently cited loan duration was 30 Year, with 2,229 originations. The 2nd most popular length was 15 Year, with 92 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,581 $412,865,000 $261,142
    $1k-2k 230 $47,360,000 $205,913
    $2k-3k 186 $41,200,000 $221,505
    $5k+ 142 $51,860,000 $365,211
    $3k-4k 140 $35,650,000 $254,643
    $4k-5k 81 $25,735,000 $317,716

    Mortgage America's average total fees were $5,719, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,581 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 813 $206,205,000 $253,635
    3-4% 554 $148,670,000 $268,357
    4-5% 467 $132,285,000 $283,266
    6-7% 374 $88,970,000 $237,888
    2.5-3% 83 $22,665,000 $273,072
    7-8% 51 $11,155,000 $218,725
    <2.5% 18 $4,720,000 $262,222

    During 2022, Mortgage America's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 813 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,162 $326,200,000 $280,723 $6,025 4.98%
    $100k-200k 731 $113,465,000 $155,219 $4,649 5.01%
    $400k-600k 261 $123,265,000 $472,280 $7,087 4.78%
    $100,000 or less 151 $11,345,000 $75,132 $3,918 5.19%
    $600k-1MM 50 $34,970,000 $699,400 $8,601 4.75%
    $1MM+ 5 $5,425,000 $1,085,000 $14,779 3.65%

    2022 saw Mortgage America place emphasis on $200k-400k loans with 1,162 originations, totaling $326,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 590 $115,220,000 $195,288 $5,069 5.01%
    $100k-150k 561 $166,995,000 $297,674 $6,271 5.01%
    $75k-100k 447 $110,055,000 $246,208 $5,536 4.99%
    $150k-250k 344 $129,350,000 $376,017 $6,390 4.88%
    $50k or less 312 $41,770,000 $133,878 $4,580 4.96%
    $250k+ 106 $51,280,000 $483,774 $6,912 4.82%

    Mortgage America lent most frequently to those with incomes in the $50k-75k range, with 590 originations. The second most popular income band? $100k-150k, with 561 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 474 $126,780,000 $267,468 $5,251 4.82%
    30-36% 468 $127,750,000 $272,970 $5,641 4.93%
    44% 131 $31,505,000 $240,496 $5,707 5.06%
    <20% 129 $32,875,000 $254,845 $4,936 4.59%
    42% 111 $28,495,000 $256,712 $5,472 5.03%
    38% 94 $25,730,000 $273,723 $6,182 5.01%
    41% 92 $22,420,000 $243,696 $5,686 5.15%
    39% 90 $22,330,000 $248,111 $5,688 4.98%
    43% 90 $21,190,000 $235,444 $6,028 5.21%
    36% 90 $22,280,000 $247,556 $5,496 4.92%
    37% 89 $24,125,000 $271,067 $6,122 4.92%
    49% 86 $22,620,000 $263,023 $6,125 5.36%
    48% 83 $22,105,000 $266,325 $6,126 5.11%
    47% 78 $19,530,000 $250,385 $5,961 4.84%
    40% 76 $18,910,000 $248,816 $5,768 5.11%
    45% 75 $20,795,000 $277,267 $6,009 5.19%
    46% 72 $18,310,000 $254,306 $5,857 5.25%
    50-60% 29 $6,355,000 $219,138 $7,036 5.32%
    >60% 1 $265,000 $265,000 $4,717 6.00%

    Mortgage America lent most frequently to those with DTI ratios of 20-30%, with 474 originations. The next most common DTI ratio? 30-36%, with 468 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,123 $544,625,000 $256,536 $5,599 4.98%
    Asian 84 $28,360,000 $337,619 $6,084 4.99%
    Black 97 $23,725,000 $244,588 $6,176 4.89%
    Not provided 49 $15,995,000 $326,429 $6,217 4.84%
    Native Hawaiian or Islander 3 $1,005,000 $335,000 $9,023 6.38%
    American Indian 4 $960,000 $240,000 $4,057 4.31%

    Approval Rates

    Total approvals of all applications
    98.71%

    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
    77.80%

    Mortgage America has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,360 $614,670,000 $260,453

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,360 $614,670,000 $260,453

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 63 $9,725,000 $154,365 $4,151 4.47%
    40-60% 174 $37,430,000 $215,115 $4,643 4.50%
    60-80% 599 $158,075,000 $263,898 $5,606 4.89%
    80-100% 1,509 $405,405,000 $268,658 $5,797 5.08%
    Over 100% 11 $3,675,000 $334,091 $14,149 4.33%
    Under 20% 4 $360,000 $90,000 $3,972 4.81%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Mortgage Research Center, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Mortgage Research Center, LLC VA mortgage Trouble during payment process 1 50.0%