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, Refi, and Home Purchase loans. Americhoice has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, York, Philadelphia, Salisbury, and Reading among others. We have data for 14 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
176Origination Dollar Volume (All Markets)
$14,550,000Top 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) | 111 | $9,965,000 | $89,775 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 39 | $2,955,000 | $75,769 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 14 | $820,000 | $58,571 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 176 | $14,550,000 | $82,670 | $0 | 0.00% |
For 2018, Americhoice's most frequently originated type of loan was Conventional, with 176 originations.
Loan Reason
For 2018, Americhoice's most frequently cited loan purpose was Other, with 58 originations. The 2nd most popular reason was Refi, with 47 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 176 | $14,550,000 | $82,670 | $0 | 0.00% |
For 2018, Americhoice's most frequently cited loan duration was Other, with 176 originations.
Loan Sizing
2018 saw Americhoice place emphasis on $100,000 or less loans with 132 originations, totaling $5,910,000 in origination value.
Applicant Income
Americhoice lent most frequently to those with incomes in the $75k-100k range, with 38 originations. The second most popular income band? $50k-75k, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 176 | $14,550,000 | $82,670 | $0 | 0.00% |
Americhoice lent most frequently to those with DTI ratios of Exempt%, with 176 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.28%
Americhoice has an average approval rate.
Pick Rate
Approvals leading to origination86.93%
Americhoice has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 176 | $14,550,000 | $82,670 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Other type of mortgage | Closing on a mortgage | 1 | 100.0% |