American Home Lending Usa Mortgage Rates, Fees & Info
EDWARDSVILLE, ILLEI: 5493001PN8XJZD64S690
Tax ID: 41-2261870
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Mortgage Data
Review & Overview
American Home Lending Usa is a smaller mortgage company specializing in Home Purchase loans. American Home Lending Usa has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Mobile, Tupelo, Daphne, and Baltimore among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)American Home Lending Usa 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. American Home Lending Usa 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.20% | 11/22/24 |
| 30 Year Conventional Refi | 6.60% | 11/22/24 |
| 30 Year Cash-out Refi | 5.69% | 11/22/24 |
| 30 Year VA Purchase | 5.81% | 11/22/24 |
| 30 Year VA Refi | 5.13% | 11/22/24 |
| 30 Year USDA Purchase | 6.39% | 11/22/24 |
| 15 Year Conventional Purchase | 4.81% | 11/22/24 |
| 15 Year Conventional Refi | 4.75% | 11/22/24 |
| 15 Year Cash-out Refi | 4.75% | 11/22/24 |
| 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. | ||
American Home Lending Usa Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
141Origination Dollar Volume (All Markets)
$24,885,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 58 | $10,700,000 | $184,483 | $3,746 | 4.89% |
| MOBILE, AL (FHA|USDA|VA) | 19 | $3,095,000 | $162,895 | $3,697 | 4.76% |
| Tupelo, MS (FHA|USDA|VA) | 19 | $2,735,000 | $143,947 | $6,544 | 5.30% |
| Outside of Metro Areas | 12 | $1,560,000 | $130,000 | $5,217 | 4.94% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 10 | $1,250,000 | $125,000 | $3,341 | 4.79% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $2,867 | 4.06% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $28,401 | 4.00% |
| JACKSON, MS (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,683 | 4.67% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,526 | 3.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,222 | 4.81% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,725 | 5.50% |
| Oxford, MS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,139 | 4.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,634 | 5.31% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,204 | 4.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,856 | 4.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,537 | 4.75% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,432 | 4.50% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,815 | 4.88% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,413 | 4.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,737 | 4.75% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,151 | 4.88% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,990 | 4.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against AMERICAN HOME LENDING USA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 28
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Similarity Rank: 104
Similarity Rank: 108
Similarity Rank: 144
Similarity Rank: 168
Similarity Rank: 200
Similarity Rank: 238
Similarity Rank: 272
Similarity Rank: 273
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $10,250,000 | $165,323 | $3,572 | 4.97% |
| USDA | 44 | $5,910,000 | $134,318 | $4,067 | 4.88% |
| VA | 35 | $8,725,000 | $249,286 | $6,502 | 4.76% |
For 2018, American Home Lending Usa's most frequently originated type of loan was Conventional, with 62 originations. Their 2nd most popular type was USDA, with 44 originations.
Loan Reason
For 2018, American Home Lending Usa's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
For 2018, American Home Lending Usa's most frequently cited loan duration was 30 Year, with 138 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
American Home Lending Usa's average total fees were $4,365, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 37 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 94 | $17,360,000 | $184,681 |
| 5-6% | 43 | $5,675,000 | $131,977 |
| 3-4% | 4 | $1,850,000 | $462,500 |
During 2018, American Home Lending Usa's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 4-5%, with 94 originations.
Loan Sizing
2018 saw American Home Lending Usa place emphasis on $100k-200k loans with 80 originations, totaling $11,450,000 in origination value.
Applicant Income
American Home Lending Usa lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $50k or less, with 36 originations.
Applicant Debt to Income Ratio
American Home Lending Usa lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.14%
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 origination75.89%
American Home Lending Usa has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 141 | $24,885,000 | $176,489 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 141 | $24,885,000 | $176,489 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Preferred Lending | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| American Preferred Lending | FHA mortgage | Trouble during payment process | 1 | 50.0% |