A + Mortgage Services Rates, Fees & Info

MUSKEGO, WI

LEI: 5493009X5Z27VV479310

Tax ID: 39-2022321

5 stars - out of 5 stars, based on 42 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

A + Mortgage Services is a smaller mortgage company specializing in Home Purchase and Refi loans. A + Mortgage Services 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 include Milwaukee, Madison, Racine, Whitewater, and Beaver Dam among others. A + Mortgage Services has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. A + Mortgage Services is typically a low fee lendor.


Originations

1,760

Origination Dollar Volume (All Markets)

$480,360,000
Show all (16) awards

Relative Rate

A + Mortgage Services 's average 30 year fixed rate mortgage of loans were 2.95%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.2%.

Relative Fees

A + Mortgage Services 's average total fees for a 30 year fixed rate mortgage are $1,693.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1,324 $363,010,000 $274,177 $1,565 2.87%
MADISON, WI (FHA|USDA|VA) 156 $45,500,000 $291,667 $1,543 2.85%
RACINE, WI (FHA|USDA|VA) 80 $22,310,000 $278,875 $1,736 2.90%
Outside of Metro Areas 39 $11,325,000 $290,385 $1,519 2.87%
Whitewater, WI (FHA|USDA|VA) 32 $8,290,000 $259,063 $1,809 2.84%
Beaver Dam, WI (FHA|USDA|VA) 27 $5,505,000 $203,889 $2,218 2.93%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 22 $4,780,000 $217,273 $1,652 2.86%
GREEN BAY, WI (FHA|USDA|VA) 9 $2,465,000 $273,889 $1,572 2.82%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 10 $2,220,000 $222,000 $1,595 2.91%
APPLETON, WI (FHA|USDA|VA) 9 $2,035,000 $226,111 $1,158 2.96%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $1,875,000 $208,333 $1,347 2.87%
SHEBOYGAN, WI (FHA|USDA|VA) 6 $1,610,000 $268,333 $1,392 2.85%
Marinette, WI-MI (FHA|USDA|VA) 6 $1,460,000 $243,333 $1,338 2.88%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 6 $1,330,000 $221,667 $1,640 2.98%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,175,000 $391,667 $3,650 3.25%
WAUSAU-WESTON, WI (FHA|USDA|VA) 4 $1,130,000 $282,500 $375 2.78%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $945,000 $315,000 $3,816 3.33%
Baraboo, WI (FHA|USDA|VA) 3 $825,000 $275,000 $1,283 2.79%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $600,000 $300,000 $3,893 3.06%
FOND DU LAC, WI (FHA|USDA|VA) 3 $495,000 $165,000 $2,914 2.92%
Shawano, WI (FHA|USDA|VA) 1 $395,000 $395,000 $1,675 3.13%
Stevens Point, WI (FHA|USDA|VA) 1 $285,000 $285,000 $883 2.38%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $260,000 $130,000 $1,600 3.06%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $1,432 2.38%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,230 2.13%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $155,000 $155,000 $4,711 2.99%

A + Mortgage Services 's top markets include Milwaukee, Madison, Racine, Whitewater, and Beaver Dam among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,637 $446,595,000 $272,813 $1,365 2.89%
FHA 73 $17,775,000 $243,493 $5,681 2.76%
VA 50 $15,990,000 $319,800 $3,047 2.54%

For the 2021 period, A + Mortgage Services 's most frequently originated loan type of loans were Conventional, with 1,637 originations. Their 2nd most popular type is FHA, with 73 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 855 $240,745,000 $281,573 $2,191 2.95%
Refi 690 $180,360,000 $261,391 $948 2.73%
Cash Out Refi 215 $59,255,000 $275,605 $1,275 2.98%

For the 2021, A + Mortgage Services 's most frequently cited loan purpose of loans were Home Purchase, with 855 originations. The 2nd most popular reason of loans were Refi, with 690 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,440 $401,160,000 $278,583 $1,693 2.95%
15 Year 225 $54,835,000 $243,711 $1,152 2.43%
20 Year 65 $16,925,000 $260,385 $1,116 2.76%
10 Year 16 $3,620,000 $226,250 $1,039 2.30%
Other 14 $3,820,000 $272,857 $1,066 2.86%

For the 2021, A + Mortgage Services 's most frequently cited loan length of loans were 30 Year, with 1,440 originations. The 2nd most popular length of loans were 15 Year, with 225 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,489 $411,845,000 $276,592
$1k-2k 242 $62,240,000 $257,190
$2k-3k 21 $4,335,000 $206,429
$3k-4k 7 $1,545,000 $220,714
$5k+ 1 $395,000 $395,000

$1,693 of loans were A + Mortgage Services 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,489 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,052 $290,990,000 $276,606
3-4% 399 $105,495,000 $264,398
<2.5% 296 $81,830,000 $276,453
4-5% 13 $2,045,000 $157,308

During 2021, A + Mortgage Services 's average interest rate of loans were 2.95%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,052 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,065 $302,395,000 $283,939 $1,613 2.85%
$100k-200k 441 $70,165,000 $159,104 $1,560 2.92%
$400k-600k 219 $103,935,000 $474,589 $1,497 2.84%
$100,000 or less 34 $2,860,000 $84,118 $1,961 2.97%
$1MM+ 1 $1,005,000 $1,005,000 $1,250 2.75%

2021 saw A + Mortgage Services place emphasis on $200k-400k loans with 1,065 originations, totaling $302,395,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 463 $134,825,000 $291,199 $1,460 2.85%
$50k-75k 377 $82,995,000 $220,146 $1,674 2.91%
$75k-100k 371 $94,235,000 $254,003 $1,835 2.87%
$150k-250k 276 $96,670,000 $350,254 $1,333 2.87%
$50k or less 130 $20,710,000 $159,308 $1,800 2.96%
$250k+ 117 $43,005,000 $367,564 $1,481 2.83%

A + Mortgage Services lent most frequently to those with incomes in the $100k-150k range, with 463 originations. The second most popular income band? $50k-75k, with 377 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 518 $142,330,000 $274,768 $1,386 2.86%
30-36% 405 $111,615,000 $275,593 $1,577 2.88%
<20% 187 $52,305,000 $279,706 $1,221 2.78%
38% 65 $16,515,000 $254,077 $1,847 2.91%
40% 61 $15,625,000 $256,148 $1,743 2.97%
42% 54 $14,220,000 $263,333 $1,873 2.98%
44% 52 $14,380,000 $276,538 $1,534 2.92%
36% 51 $13,465,000 $264,020 $1,921 2.92%
37% 51 $13,995,000 $274,412 $1,939 2.87%
39% 48 $13,340,000 $277,917 $2,023 2.84%
41% 43 $11,435,000 $265,930 $2,036 2.93%
46% 38 $9,200,000 $242,105 $2,135 2.88%
45% 35 $8,995,000 $257,000 $1,479 2.98%
43% 35 $9,405,000 $268,714 $2,241 2.89%
49% 28 $7,720,000 $275,714 $2,009 2.95%
48% 26 $7,180,000 $276,154 $1,828 2.95%
47% 24 $7,220,000 $300,833 $1,827 2.79%
50-60% 10 $2,110,000 $211,000 $2,640 3.00%
>60% 3 $1,385,000 $461,667 $1,159 2.67%

A + Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 518 originations. The next most common DTI ratio? 30-36%, with 405 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,499 $411,955,000 $274,820 $1,572 2.87%
Not provided 196 $51,520,000 $262,857 $1,614 2.83%
Asian 29 $7,535,000 $259,828 $1,692 2.78%
Black 25 $5,995,000 $239,800 $2,517 3.02%
Asian Indian 5 $1,805,000 $361,000 $1,388 2.85%
American Indian 4 $1,050,000 $262,500 $1,491 3.12%
Other Asian 1 $295,000 $295,000 $1,850 2.88%
Chinese 1 $205,000 $205,000 $1,875 2.50%

Approval Rates

Total approvals of all applications
98.70%

A + Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
95.50%

A + Mortgage Services has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 1,760 $480,360,000 $272,932

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,760 $480,360,000 $272,932

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 68 $15,010,000 $220,735 $1,067 2.63%
40-60% 277 $68,285,000 $246,516 $1,053 2.68%
60-80% 745 $208,925,000 $280,436 $1,284 2.93%
80-100% 656 $184,660,000 $281,494 $2,107 2.92%
Over 100% 8 $2,550,000 $318,750 $11,140 2.72%
Under 20% 6 $930,000 $155,000 $1,564 2.50%