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 and Cash Out Refi loans. Amres Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Miami, Chicago, Houston, and New York among others. We have data for 84 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 an average 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 about average 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.81% | 4/21/24 |
| 30 Year Cash-out Refi | 7.30% | 4/21/24 |
| 30 Year FHA Purchase | 7.49% | 4/21/24 |
| 30 Year FHA Refi | 6.73% | 4/21/24 |
| 30 Year VA Purchase | 6.42% | 4/21/24 |
| 30 Year VA Refi | 6.33% | 4/21/24 |
| 30 Year USDA Purchase | 7.09% | 4/21/24 |
| 15 Year Conventional Purchase | 5.89% | 4/21/24 |
| 15 Year Conventional Refi | 6.03% | 4/21/24 |
| 15 Year Cash-out Refi | 6.03% | 4/21/24 |
| 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
677Origination Dollar Volume (All Markets)
$162,585,000Awards
AmRes Corporation - 2018
AmRes Corporation is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 182 | $42,330,000 | $232,582 | $5,801 | 5.02% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 78 | $20,200,000 | $258,974 | $7,531 | 5.08% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 36 | $8,500,000 | $236,111 | $7,131 | 4.98% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 37 | $7,335,000 | $198,243 | $6,163 | 5.06% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 18 | $6,320,000 | $351,111 | $5,462 | 4.61% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 28 | $6,190,000 | $221,071 | $5,767 | 5.11% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 25 | $5,615,000 | $224,600 | $6,442 | 4.97% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 16 | $5,580,000 | $348,750 | $8,414 | 4.84% |
| LANCASTER, PA (FHA|USDA|VA) | 27 | $4,745,000 | $175,741 | $5,592 | 4.90% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 22 | $4,400,000 | $200,000 | $6,632 | 4.95% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $4,030,000 | $503,750 | $9,318 | 4.42% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 11 | $3,305,000 | $300,455 | $5,543 | 4.67% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 12 | $3,250,000 | $270,833 | $5,001 | 4.35% |
| COLUMBIA, SC (FHA|USDA|VA) | 13 | $2,035,000 | $156,538 | $4,930 | 5.04% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $2,000,000 | $200,000 | $4,020 | 4.76% |
| FORT WAYNE, IN (FHA|USDA|VA) | 17 | $1,855,000 | $109,118 | $3,885 | 5.11% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,795,000 | $598,333 | $12,685 | 5.29% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,610,000 | $805,000 | $10,209 | 4.25% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $11,831 | 4.45% |
| Key West, FL (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $6,949 | 4.91% |
| Outside of Metro Areas | 8 | $1,380,000 | $172,500 | $6,099 | 5.27% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $17,891 | 4.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,235,000 | $247,000 | $5,589 | 4.83% |
| The Dalles, OR (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $5,550 | 5.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $17,184 | 4.83% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $6,352 | 4.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $2,631 | 4.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 6 | $1,000,000 | $166,667 | $5,680 | 5.35% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $6,575 | 4.91% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $7,563 | 4.53% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $5,057 | 4.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $6,777 | 5.17% |
| SALEM, OR (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $5,981 | 4.88% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $1,720 | 4.44% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,734 | 4.81% |
| READING, PA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $6,187 | 4.58% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $6,740 | 5.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $1,383 | 5.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $22,684 | 4.63% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,685 | 4.13% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $11,091 | 4.31% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $10,965 | 5.13% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,972 | 3.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,530 | 3.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,350 | 5.50% |
| Sonora, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $16,076 | 4.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,975 | 5.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,386 | 4.94% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,904 | 5.81% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,562 | 4.88% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,425 | 4.38% |
| REDDING, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,210 | 4.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,114 | 5.50% |
| Torrington, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,095 | 4.50% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,181 | 4.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,707 | 5.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,802 | 4.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,943 | 7.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,489 | 5.13% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,911 | 4.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,849 | 4.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,686 | 4.38% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,179 | 4.38% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,290 | 4.38% |
| Lake City, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,223 | 5.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,881 | 4.63% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,645 | 4.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,088 | 4.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,873 | 4.88% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,320 | 5.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,798 | 4.38% |
| WACO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,709 | 4.88% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,951 | 5.63% |
| Brenham, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,698 | 5.25% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,648 | 5.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,590 | 5.13% |
| Rockport, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $9,437 | 5.75% |
| Alice, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,958 | 5.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,971 | 5.25% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,843 | 5.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,910 | 4.25% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $8,919 | 5.00% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,630 | 5.63% |
| Meadville, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,450 | 5.25% |
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Product Mix
For 2018, Amres Corporation's most frequently originated type of loan was Conventional, with 402 originations. Their 2nd most popular type was FHA, with 228 originations.
Loan Reason
For 2018, Amres Corporation's most frequently cited loan purpose was Home Purchase, with 514 originations. The 2nd most popular reason was Cash Out Refi, with 151 originations.
Loan Duration/Length
For 2018, Amres Corporation's most frequently cited loan duration was 30 Year, with 623 originations. The 2nd most popular length was 15 Year, with 37 originations.
Origination Fees/Closing Costs
Amres Corporation's average total fees were $6,537, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 323 originations.
Interest Rates
During 2018, Amres Corporation's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 4-5%, with 340 originations.
Loan Sizing
2018 saw Amres Corporation place emphasis on $200k-400k loans with 325 originations, totaling $92,065,000 in origination value.
Applicant Income
Amres Corporation lent most frequently to those with incomes in the $50k-75k range, with 185 originations. The second most popular income band? $100k-150k, with 145 originations.
Applicant Debt to Income Ratio
Amres Corporation lent most frequently to those with DTI ratios of 50-60%, with 101 originations. The next most common DTI ratio? 30-36%, with 86 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.40%
Amres Corporation has an average approval rate.
Pick Rate
Approvals leading to origination76.66%
Amres Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 677 | $162,585,000 | $240,155 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 17 | $2,505,000 | $147,353 |
| Single Family (1-4 Units):Site-Built | 660 | $160,080,000 | $242,545 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN FINANCING CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| AMERICAN FINANCING CORPORATION | Conventional home mortgage | Unable to get your credit report or credit score | 1 | 50.0% |