Americhoice Mortgage Rates, Fees & Info
Mechanicsburg, PALEI: 54930047YMR4VOMFGS35
Tax ID: 25-1215682
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Americhoice is a smaller mortgage company specializing in Other and Refi loans. Americhoice has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, York, Lebanon, Philadelphia, and Salisbury among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Americhoice has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
124Origination Dollar Volume (All Markets)
$12,240,000Top 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 |
|---|---|---|---|---|---|
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 70 | $6,450,000 | $92,143 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 34 | $2,480,000 | $72,941 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $485,000 | $485,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 124 | $12,240,000 | $98,710 | $0 | 0.00% |
For 2023, Americhoice's most frequently originated type of loan was Conventional, with 124 originations.
Loan Reason
For 2023, Americhoice's most frequently cited loan purpose was Other, with 53 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 124 | $12,240,000 | $98,710 | $0 | 0.00% |
For 2023, Americhoice's most frequently cited loan duration was Other, with 124 originations.
Loan Sizing
2023 saw Americhoice place emphasis on $100,000 or less loans with 92 originations, totaling $4,760,000 in origination value.
Applicant Income
Americhoice lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $150k-250k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 124 | $12,240,000 | $98,710 | $0 | 0.00% |
Americhoice lent most frequently to those with DTI ratios of Exempt%, with 124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.59%
Americhoice has a below average approval rate.
Pick Rate
Approvals leading to origination67.74%
Americhoice has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 124 | $12,240,000 | $98,710 |