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 Refi and Home Purchase loans. Americhoice has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, York, Tampa, Torrington, and New York among others. We have data for 15 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
179Origination Dollar Volume (All Markets)
$18,975,000Top 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) | 91 | $9,115,000 | $100,165 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 62 | $5,200,000 | $83,871 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $650,000 | $65,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 179 | $18,975,000 | $106,006 | $0 | 0.00% |
For 2022, Americhoice's most frequently originated type of loan was Conventional, with 179 originations.
Loan Reason
For 2022, Americhoice's most frequently cited loan purpose was Refi, with 71 originations. The 2nd most popular reason was Home Improvement, with 48 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 179 | $18,975,000 | $106,006 | $0 | 0.00% |
For 2022, Americhoice's most frequently cited loan duration was Other, with 179 originations.
Loan Sizing
2022 saw Americhoice place emphasis on $100,000 or less loans with 130 originations, totaling $6,580,000 in origination value.
Applicant Income
Americhoice lent most frequently to those with incomes in the $100k-150k range, with 50 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% | 179 | $18,975,000 | $106,006 | $0 | 0.00% |
Americhoice lent most frequently to those with DTI ratios of Exempt%, with 179 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.60%
Americhoice has a below average approval rate.
Pick Rate
Approvals leading to origination75.42%
Americhoice has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 179 | $18,975,000 | $106,006 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |