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 loans. Americhoice has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, York, Philadelphia, Chambersburg, and Myrtle Beach among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)Americhoice has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
228Origination Dollar Volume (All Markets)
$35,440,000Top 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) | 134 | $20,810,000 | $155,299 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 49 | $5,555,000 | $113,367 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $2,475,000 | $275,000 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $100,000 | $50,000 | $0 | 0.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $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 | 228 | $35,440,000 | $155,439 | $0 | 0.00% |
For 2020, Americhoice's most frequently originated type of loan was Conventional, with 228 originations.
Loan Reason
For 2020, Americhoice's most frequently cited loan purpose was Refi, with 160 originations. The 2nd most popular reason was Other, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 228 | $35,440,000 | $155,439 | $0 | 0.00% |
For 2020, Americhoice's most frequently cited loan duration was Other, with 228 originations.
Loan Sizing
2020 saw Americhoice place emphasis on $100,000 or less loans with 89 originations, totaling $4,045,000 in origination value.
Applicant Income
Americhoice lent most frequently to those with incomes in the $100k-150k range, with 61 originations. The second most popular income band? $50k-75k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 228 | $35,440,000 | $155,439 | $0 | 0.00% |
Americhoice lent most frequently to those with DTI ratios of Exempt%, with 228 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.66%
Americhoice has an average approval rate.
Pick Rate
Approvals leading to origination91.23%
Americhoice has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 228 | $35,440,000 | $155,439 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 228 | $35,440,000 | $155,439 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American First Finance, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |