Americhoice Mortgage Rates, Fees & Info
Mechanicsburg, PALEI: 54930047YMR4VOMFGS35
Tax ID: 25-1215682
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Mortgage Data
Review & Overview
Americhoice is a smaller mortgage company specializing in Refi and Home Purchase loans. Americhoice has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Harrisburg, York, Philadelphia, Lebanon, and Pottsville among others. We have data for 19 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
165Origination Dollar Volume (All Markets)
$19,405,000Top 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) | 92 | $10,320,000 | $112,174 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 41 | $4,775,000 | $116,463 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $1,540,000 | $154,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 0.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $19,330,000 | $117,866 | $0 | 0.00% |
| FHA | 1 | $75,000 | $75,000 | $0 | 0.00% |
For 2019, Americhoice's most frequently originated type of loan was Conventional, with 164 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2019, Americhoice's most frequently cited loan purpose was Refi, with 59 originations. The 2nd most popular reason was Other, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 165 | $19,405,000 | $117,606 | $0 | 0.00% |
For 2019, Americhoice's most frequently cited loan duration was Other, with 165 originations.
Loan Sizing
2019 saw Americhoice place emphasis on $100,000 or less loans with 102 originations, totaling $4,090,000 in origination value.
Applicant Income
Americhoice lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $50k-75k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 165 | $19,405,000 | $117,606 | $0 | 0.00% |
Americhoice lent most frequently to those with DTI ratios of Exempt%, with 165 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.86%
Americhoice has an average approval rate.
Pick Rate
Approvals leading to origination81.82%
Americhoice has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 165 | $19,405,000 | $117,606 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Other type of mortgage | Struggling to pay mortgage | 1 | 7.1% |
| AMERIS BANCORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 14.3% |
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| AMERIS BANCORP | VA mortgage | Trouble during payment process | 1 | 7.1% |
| AMERIS BANCORP | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| AMERIS BANCORP | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 14.3% |
| AMERIS BANCORP | Conventional home mortgage | Closing on a mortgage | 1 | 7.1% |
| AMERIS BANCORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |