Amres Corporation Mortgage Rates, Fees & Info
Hummelstown, PALEI: 54930065B0NVUO52TY13
Tax ID: 47-3705377
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Mortgage Data
Review & Overview
Amres Corporation is a smaller mortgage company specializing in Home Purchase loans. Amres Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Chicago, Miami, New York, and Tampa among others. We have data for 109 markets. (Some data included below & more in-depth data is available with an active subscription.)Amres Corporation 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. Amres Corporation is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.02% | 11/17/24 |
| 30 Year Conventional Refi | 6.81% | 11/17/24 |
| 30 Year Cash-out Refi | 7.30% | 11/17/24 |
| 30 Year FHA Purchase | 7.49% | 11/17/24 |
| 30 Year FHA Refi | 6.73% | 11/17/24 |
| 30 Year VA Purchase | 6.42% | 11/17/24 |
| 30 Year VA Refi | 6.33% | 11/17/24 |
| 30 Year USDA Purchase | 7.09% | 11/17/24 |
| 15 Year Conventional Purchase | 5.89% | 11/17/24 |
| 15 Year Conventional Refi | 6.03% | 11/17/24 |
| 15 Year Cash-out Refi | 6.03% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Amres Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
608Origination Dollar Volume (All Markets)
$206,260,000Relative Rate
Amres Corporation's average 30 year fixed mortgage rate was
7.25%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.77%.
Relative Fees (Closing Costs)
Amres Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,680.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 146 | $52,790,000 | $361,575 | $9,938 | 7.15% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 50 | $14,830,000 | $296,600 | $9,685 | 7.22% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 29 | $11,065,000 | $381,552 | $10,992 | 7.22% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 24 | $9,910,000 | $412,917 | $11,594 | 6.86% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 26 | $9,310,000 | $358,077 | $16,089 | 6.97% |
| Outside of Metro Areas | 26 | $8,520,000 | $327,692 | $11,517 | 7.34% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 9 | $7,685,000 | $853,889 | $18,590 | 8.32% |
| COLUMBUS, OH (FHA|USDA|VA) | 30 | $6,980,000 | $232,667 | $8,906 | 7.79% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 19 | $6,475,000 | $340,789 | $14,524 | 7.41% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $4,365,000 | $396,818 | $11,152 | 7.35% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 9 | $3,545,000 | $393,889 | $15,584 | 6.89% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 9 | $3,425,000 | $380,556 | $12,574 | 6.78% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $2,650,000 | $441,667 | $14,352 | 7.52% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $2,575,000 | $367,857 | $12,725 | 8.57% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 13 | $2,535,000 | $195,000 | $8,269 | 6.59% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 6 | $2,410,000 | $401,667 | $8,284 | 7.29% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $2,330,000 | $1,165,000 | $22,573 | 7.06% |
| FORT WAYNE, IN (FHA|USDA|VA) | 11 | $1,995,000 | $181,364 | $8,055 | 6.31% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $6,291 | 7.12% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $12,469 | 8.02% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $13,880 | 7.05% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $7,459 | 7.50% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $21,258 | 6.96% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $8,575 | 6.34% |
| Keene, NH (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $5,268 | 6.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $8,452 | 7.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $8,272 | 7.63% |
| AKRON, OH (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $19,534 | 8.04% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $10,376 | 7.19% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $8,075 | 7.65% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $11,151 | 7.45% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $10,414 | 7.78% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $10,566 | 6.94% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 7.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $11,318 | 7.54% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $18,911 | 8.19% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 8.13% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $15,098 | 9.87% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $10,565 | 9.25% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $4,905 | 7.08% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $8,374 | 6.33% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $12,377 | 7.43% |
| CASPER, WY (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $11,856 | 6.92% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $8,437 | 8.31% |
| Cookeville, TN (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $9,785 | 6.81% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $9,269 | 6.46% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $14,087 | 7.31% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $9,954 | 7.33% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,901 | 6.56% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $13,650 | 7.69% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $7,378 | 6.50% |
| Picayune, MS (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $8,081 | 6.44% |
| Key West, FL (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $9,976 | 7.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $7,839 | 6.33% |
| ROCKFORD, IL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $10,431 | 8.79% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,821 | 8.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,103 | 6.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $8,845 | 7.92% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,749 | 6.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $19,886 | 6.88% |
| TOLEDO, OH (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $7,322 | 7.42% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $7,802 | 6.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $23,080 | 7.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,807 | 7.94% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $1,216 | 6.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $7,477 | 6.74% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,723 | 8.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,307 | 7.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 8.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,931 | 8.13% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,473 | 10.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 8.25% |
| Hillsdale, MI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,024 | 6.56% |
| OCALA, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $16,241 | 7.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $15,313 | 7.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,578 | 7.63% |
| TULSA, OK (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,387 | 7.13% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,159 | 7.38% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $8,540 | 6.25% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,720 | 6.63% |
| READING, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,379 | 7.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,690 | 6.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,695 | 6.50% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,127 | 6.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,703 | 6.25% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,619 | 7.88% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,841 | 6.00% |
| Athens, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,177 | 6.50% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,202 | 6.13% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,860 | 9.25% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,608 | 6.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,028 | 6.38% |
| Athens, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,216 | 7.63% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,037 | 7.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,028 | 6.75% |
| Effingham, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,965 | 7.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,952 | 7.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,341 | 7.63% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,572 | 6.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,597 | 6.88% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,386 | 6.75% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,199 | 6.63% |
| Sonora, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,500 | 6.99% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,448 | 7.50% |
| MONROE, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,993 | 7.49% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,861 | 6.25% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,650 | 7.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,981 | 6.75% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $5,421 | 6.25% |
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Product Mix
For 2023, Amres Corporation's most frequently originated type of loan was Conventional, with 416 originations. Their 2nd most popular type was FHA, with 164 originations.
Loan Reason
For 2023, Amres Corporation's most frequently cited loan purpose was Home Purchase, with 540 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.
Loan Duration/Length
For 2023, Amres Corporation's most frequently cited loan duration was 30 Year, with 595 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
Amres Corporation's average total fees were $10,680, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 307 originations.
Interest Rates
During 2023, Amres Corporation's average interest rate for loans was 7.25%, while their most frequently originated rate bucket for loans was 6-7%, with 254 originations.
Loan Sizing
2023 saw Amres Corporation place emphasis on $200k-400k loans with 301 originations, totaling $88,665,000 in origination value.
Applicant Income
Amres Corporation lent most frequently to those with incomes in the $100k-150k range, with 144 originations. The second most popular income band? $75k-100k, with 127 originations.
Applicant Debt to Income Ratio
Amres Corporation lent most frequently to those with DTI ratios of 30-36%, with 82 originations. The next most common DTI ratio? 50-60%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.10%
Amres Corporation has an average approval rate.
Pick Rate
Approvals leading to origination73.36%
Amres Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 608 | $206,260,000 | $339,243 |