American Home Lending Usa Mortgage Rates, Fees & Info

EDWARDSVILLE, IL

LEI: 5493001PN8XJZD64S690

Tax ID: 41-2261870

5 stars - out of 5 stars, based on 17 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

American Home Lending Usa is a smaller mortgage company specializing in Home Purchase and Refi loans. American Home Lending Usa has a high proportion of conventional loans. Their top markets include St. Louis, Mobile, Washington, Daphne, and Tupelo among others. American Home Lending Usa has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. American Home Lending Usa is typically an average fee lendor.


Originations

292

Origination Dollar Volume (All Markets)

$73,480,000

Awards

AMERICAN HOME LENDING USA  VA Loans gold
Show all (1) awards

Relative Rate

American Home Lending Usa 's average 30 year fixed rate mortgage of loans were 2.95%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.2%.

Relative Fees

American Home Lending Usa 's average total fees for a 30 year fixed rate mortgage are $4,510.

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 112 $24,320,000 $217,143 $2,918 2.69%
MOBILE, AL (FHA|USDA|VA) 41 $8,395,000 $204,756 $4,462 3.03%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 12 $5,080,000 $423,333 $3,435 2.47%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 21 $4,715,000 $224,524 $5,336 3.11%
Tupelo, MS (FHA|USDA|VA) 23 $3,905,000 $169,783 $6,384 3.05%
HATTIESBURG, MS (FHA|USDA|VA) 10 $2,030,000 $203,000 $3,477 2.76%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $2,015,000 $403,000 $5,612 2.62%
Sevierville, TN (FHA|USDA|VA) 1 $1,775,000 $1,775,000 $36,034 3.88%
Outside of Metro Areas 8 $1,560,000 $195,000 $5,207 2.89%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,470,000 $735,000 $5,867 2.25%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $1,350,000 $675,000 $6,120 2.94%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,080,000 $540,000 $5,558 2.25%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $1,055,000 $351,667 $3,676 2.71%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,050,000 $262,500 $6,710 3.03%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,000,000 $500,000 $1,307 2.75%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 4 $970,000 $242,500 $5,143 2.72%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $940,000 $470,000 $2,430 2.25%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $910,000 $455,000 $1,451 2.81%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $885,000 $295,000 $5,098 3.08%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $760,000 $380,000 $2,960 2.81%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $715,000 $238,333 $5,181 3.79%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $515,000 $515,000 $19,921 2.75%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $510,000 $255,000 $1,835 2.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $505,000 $505,000 $4,835 2.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $490,000 $245,000 $3,232 3.06%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $485,000 $485,000 $0 2.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $455,000 $455,000 $5,153 2.49%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $385,000 $385,000 $3,080 3.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $375,000 $375,000 $7,984 3.49%
Warrensburg, MO (FHA|USDA|VA) 1 $365,000 $365,000 $1,796 2.25%
STOCKTON, CA (FHA|USDA|VA) 1 $335,000 $335,000 $1,380 2.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $310,000 $155,000 $4,209 3.06%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $295,000 $295,000 $2,866 2.25%
Oxford, MS (FHA|USDA|VA) 1 $285,000 $285,000 $2,552 2.99%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $235,000 $235,000 $3,084 2.99%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $215,000 $215,000 $6,560 3.00%
KANKAKEE, IL (FHA|USDA|VA) 1 $215,000 $215,000 $2,202 2.38%
JACKSON, MS (FHA|USDA|VA) 1 $215,000 $215,000 $5,904 3.49%
MONTGOMERY, AL (FHA|USDA|VA) 1 $205,000 $205,000 $4,078 2.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,967 2.99%
EL CENTRO, CA (FHA|USDA|VA) 1 $175,000 $175,000 $3,107 2.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,236 3.25%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $155,000 $155,000 $2,070 2.25%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,088 2.25%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $135,000 $135,000 $5,753 3.63%
Grenada, MS (FHA|USDA|VA) 1 $135,000 $135,000 $5,484 3.38%

American Home Lending Usa 's top markets include St. Louis, Mobile, Washington, Daphne, and Tupelo among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 196 $44,580,000 $227,449 $3,737 2.89%
VA 70 $24,510,000 $350,143 $4,501 2.53%
USDA 26 $4,390,000 $168,846 $6,059 3.13%

For the 2021 period, American Home Lending Usa 's most frequently originated loan type of loans were Conventional, with 196 originations. Their 2nd most popular type is VA, with 70 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 159 $35,945,000 $226,069 $4,946 2.99%
Refi 93 $26,315,000 $282,957 $2,635 2.55%
Cash Out Refi 40 $11,220,000 $280,500 $4,369 2.78%

For the 2021, American Home Lending Usa 's most frequently cited loan purpose of loans were Home Purchase, with 159 originations. The 2nd most popular reason of loans were Refi, with 93 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 212 $57,280,000 $270,189 $4,510 2.95%
15 Year 51 $9,335,000 $183,039 $2,968 2.45%
20 Year 12 $2,550,000 $212,500 $2,766 2.66%
Other 10 $3,210,000 $321,000 $4,797 2.59%
10 Year 7 $1,105,000 $157,857 $2,225 2.32%

For the 2021, American Home Lending Usa 's most frequently cited loan length of loans were 30 Year, with 212 originations. The 2nd most popular length of loans were 15 Year, with 51 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 147 $39,615,000 $269,490
$2k-3k 67 $13,115,000 $195,746
$3k-4k 30 $6,970,000 $232,333
$1k-2k 29 $5,945,000 $205,000
$5k+ 7 $4,035,000 $576,429

$4,510 of loans were American Home Lending Usa 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 147 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 116 $27,760,000 $239,310
<2.5% 93 $26,885,000 $289,086
3-4% 80 $18,310,000 $228,875
4-5% 2 $260,000 $130,000
5-6% 1 $265,000 $265,000

During 2021, American Home Lending Usa 's average interest rate of loans were 2.95%, while their most frequently originated rate bucket of loans were 2.5-3%, with 116 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 130 $20,360,000 $156,615 $3,937 2.87%
$200k-400k 106 $29,150,000 $275,000 $4,055 2.82%
$400k-600k 34 $16,060,000 $472,353 $4,381 2.62%
$100,000 or less 14 $1,220,000 $87,143 $3,340 3.02%
$600k-1MM 7 $4,915,000 $702,143 $4,540 2.41%
$1MM+ 1 $1,775,000 $1,775,000 $36,034 3.88%

2021 saw American Home Lending Usa place emphasis on $100k-200k loans with 130 originations, totaling $20,360,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 64 $11,470,000 $179,219 $4,314 2.93%
$100k-150k 60 $14,710,000 $245,167 $3,844 2.76%
$75k-100k 56 $11,740,000 $209,643 $3,781 2.85%
$150k-250k 34 $12,570,000 $369,706 $4,620 2.80%
$50k or less 34 $4,830,000 $142,059 $4,671 3.12%
$250k+ 8 $4,420,000 $552,500 $10,276 3.14%

American Home Lending Usa lent most frequently to those with incomes in the $50k-75k range, with 64 originations. The second most popular income band? $100k-150k, with 60 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 81 $18,905,000 $233,395 $4,034 2.81%
<20% 63 $18,825,000 $298,810 $3,184 2.58%
30-36% 47 $11,235,000 $239,043 $4,377 2.90%
43% 12 $2,470,000 $205,833 $3,792 2.83%
38% 12 $2,210,000 $184,167 $4,607 2.98%
39% 10 $2,560,000 $256,000 $4,929 3.07%
42% 9 $2,135,000 $237,222 $4,549 2.85%
36% 9 $1,935,000 $215,000 $5,039 3.08%
40% 8 $1,670,000 $208,750 $3,836 2.84%
44% 7 $1,845,000 $263,571 $3,537 2.64%
37% 5 $1,305,000 $261,000 $4,437 2.63%
48% 5 $1,055,000 $211,000 $5,026 2.97%
45% 5 $1,075,000 $215,000 $4,136 3.30%
46% 5 $2,805,000 $561,000 $9,519 3.35%
49% 5 $1,495,000 $299,000 $4,851 2.92%
41% 4 $710,000 $177,500 $4,319 3.28%
50-60% 3 $805,000 $268,333 $4,304 2.54%
47% 1 $305,000 $305,000 $4,577 2.75%
>60% 1 $135,000 $135,000 $5,753 3.63%

American Home Lending Usa lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? <20%, with 63 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 212 $52,060,000 $245,566 $3,880 2.81%
Black 38 $11,000,000 $289,474 $5,116 2.86%
Not provided 41 $10,275,000 $250,610 $4,513 2.89%
Asian 1 $145,000 $145,000 $3,680 2.25%

Approval Rates

Total approvals of all applications
96.00%

American Home Lending Usa 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
71.43%

American Home Lending Usa has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 292 $73,480,000 $251,644

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
292 $73,480,000 $251,644

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 5 $875,000 $175,000 $2,836 2.48%
40-60% 30 $5,550,000 $185,000 $3,344 2.70%
60-80% 92 $20,740,000 $225,435 $3,431 2.84%
80-100% 152 $43,470,000 $285,987 $4,405 2.84%
Over 100% 13 $2,845,000 $218,846 $8,077 2.97%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
AMERICAN FINANCING CORPORATION Conventional home mortgage Closing on a mortgage 3 25.0%
AMERICAN FINANCING CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 25.0%
AMERICAN FINANCING CORPORATION FHA mortgage Struggling to pay mortgage 1 8.3%
AMERICAN FINANCING CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 8.3%
AMERICAN FINANCING CORPORATION VA mortgage Closing on a mortgage 1 8.3%
AMERICAN FINANCING CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 25.0%