A + Mortgage Services Rates, Fees & Info

MUSKEGO, WI

LEI: 5493009X5Z27VV479310

Tax ID: 39-2022321

5 stars - Updated: 12/9/24 - out of 5 stars, based on 23 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

A + Mortgage Services is a smaller mortgage company specializing in Home Purchase 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Milwaukee, Madison, Racine, Whitewater, and Chicago among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

A + Mortgage Services 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. A + Mortgage Services is typically a low 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.27% 12/9/24
30 Year Conventional Refi 6.27% 12/9/24
30 Year Cash-out Refi 6.27% 12/9/24
30 Year FHA Purchase 6.27% 12/9/24
30 Year FHA Refi 6.27% 12/9/24
30 Year VA Purchase 6.27% 12/9/24
30 Year USDA Purchase 6.27% 12/9/24
15 Year Conventional Purchase 5.68% 12/9/24
15 Year Conventional Refi 5.68% 12/9/24
15 Year Cash-out Refi 5.68% 12/9/24
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.

A + Mortgage Services Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from A + Mortgage Services. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

520

Origination Dollar Volume (All Markets)

$158,580,000

Awards

A + MORTGAGE SERVICES 30 Year Conventional Loans silver A + MORTGAGE SERVICES FHA Loans silver
Show all (2) awards

Relative Rate

A + Mortgage Services's average 30 year fixed mortgage rate was 6.81%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.33%.

Relative Fees (Closing Costs)

A + Mortgage Services's average total fees/closing costs for a 30 year fixed rate mortgage were $3,429.

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
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 392 $121,510,000 $309,974 $3,252 6.83%
MADISON, WI (FHA|USDA|VA) 30 $9,550,000 $318,333 $3,634 6.64%
RACINE, WI (FHA|USDA|VA) 20 $5,420,000 $271,000 $3,611 6.79%
Outside of Metro Areas 14 $3,350,000 $239,286 $4,859 6.52%
Whitewater, WI (FHA|USDA|VA) 9 $3,225,000 $358,333 $4,176 6.71%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 10 $2,740,000 $274,000 $5,064 6.20%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 7 $2,155,000 $307,857 $3,027 6.77%
Beaver Dam, WI (FHA|USDA|VA) 8 $2,090,000 $261,250 $4,490 6.56%
GREEN BAY, WI (FHA|USDA|VA) 5 $1,515,000 $303,000 $2,309 7.05%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 5 $1,465,000 $293,000 $2,665 7.10%
SHEBOYGAN, WI (FHA|USDA|VA) 5 $1,185,000 $237,000 $4,104 6.65%
FOND DU LAC, WI (FHA|USDA|VA) 3 $975,000 $325,000 $1,998 6.71%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $630,000 $315,000 $4,418 7.25%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $565,000 $565,000 $5,836 6.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $455,000 $455,000 $8,379 6.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $370,000 $185,000 $3,203 6.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $315,000 $315,000 $14,378 5.63%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,135 8.13%
Shawano, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,375 6.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,045 6.38%
Baraboo, WI (FHA|USDA|VA) 1 $165,000 $165,000 $7,047 6.38%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $135,000 $135,000 $1,920 7.30%
A + Mortgage Services's top markets include Milwaukee, Madison, Racine, Whitewater, and Chicago among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against A + MORTGAGE SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    Glacier Hills Credit Union
    Similarity Rank: 54
    PremierBank
    Similarity Rank: 143
    Starion Bank
    Similarity Rank: 147
    National Exchange Bank and Trust
    Similarity Rank: 168
    Empower Credit Union
    Similarity Rank: 203
    Bank of Sun Prairie
    Similarity Rank: 270
    PyraMax Bank, FSB
    Similarity Rank: 270
    Heartland Credit Union (Madison)
    Similarity Rank: 270
    Mound City Bank
    Similarity Rank: 286

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 485 $147,685,000 $304,505 $3,050 6.82%
    FHA 22 $6,140,000 $279,091 $9,099 6.40%
    VA 12 $4,540,000 $378,333 $8,132 6.32%
    USDA 1 $215,000 $215,000 $3,841 6.63%

    For 2023, A + Mortgage Services's most frequently originated type of loan was Conventional, with 485 originations. Their 2nd most popular type was FHA, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 497 $152,305,000 $306,449 $3,433 6.80%
    Refi 12 $3,550,000 $295,833 $1,811 6.63%
    Cash Out Refi 11 $2,725,000 $247,727 $5,082 6.57%

    For 2023, A + Mortgage Services's most frequently cited loan purpose was Home Purchase, with 497 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 503 $153,155,000 $304,483 $3,429 6.81%
    15 Year 13 $3,745,000 $288,077 $3,533 6.10%
    20 Year 3 $1,475,000 $491,667 $2,212 7.12%
    Other 1 $205,000 $205,000 $6,282 5.63%

    For 2023, A + Mortgage Services's most frequently cited loan duration was 30 Year, with 503 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 354 $103,250,000 $291,667
    $5k+ 43 $15,765,000 $366,628
    $<1k 32 $10,110,000 $315,938
    $2k-3k 30 $9,350,000 $311,667
    $3k-4k 25 $7,215,000 $288,600
    $4k-5k 23 $7,605,000 $330,652

    A + Mortgage Services's average total fees were $3,429, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 354 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 291 $87,575,000 $300,945
    7-8% 172 $54,730,000 $318,198
    5-6% 50 $14,100,000 $282,000
    Over 8% 5 $1,565,000 $313,000
    4-5% 2 $610,000 $305,000

    During 2023, A + Mortgage Services's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 291 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 307 $88,735,000 $289,039 $3,240 6.84%
    $100k-200k 106 $17,380,000 $163,962 $2,920 6.67%
    $400k-600k 80 $38,000,000 $475,000 $4,393 6.74%
    $600k-1MM 21 $13,985,000 $665,952 $5,385 6.92%
    $100,000 or less 6 $480,000 $80,000 $2,973 6.44%

    2023 saw A + Mortgage Services place emphasis on $200k-400k loans with 307 originations, totaling $88,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 140 $43,280,000 $309,143 $3,732 6.76%
    $150k-250k 122 $44,290,000 $363,033 $3,708 6.98%
    $50k-75k 101 $22,015,000 $217,970 $2,866 6.62%
    $75k-100k 89 $22,655,000 $254,551 $3,126 6.79%
    $250k+ 55 $24,245,000 $440,818 $3,621 6.91%
    $50k or less 13 $2,095,000 $161,154 $3,217 6.16%

    A + Mortgage Services lent most frequently to those with incomes in the $100k-150k range, with 140 originations. The second most popular income band? $150k-250k, with 122 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 292 $89,700,000 $307,192 $3,248 6.81%
    30-36% 50 $16,250,000 $325,000 $3,668 6.70%
    20-30% 49 $14,955,000 $305,204 $2,805 6.75%
    43% 17 $4,625,000 $272,059 $2,807 6.87%
    36% 13 $3,185,000 $245,000 $3,101 6.91%
    42% 12 $3,710,000 $309,167 $5,291 6.84%
    40% 10 $2,330,000 $233,000 $3,458 6.60%
    38% 10 $3,160,000 $316,000 $4,254 6.89%
    39% 8 $2,150,000 $268,750 $3,132 6.98%
    41% 8 $2,390,000 $298,750 $3,220 6.53%
    37% 8 $2,350,000 $293,750 $3,672 6.73%
    44% 8 $2,550,000 $318,750 $4,636 7.12%
    50-60% 7 $3,005,000 $429,286 $9,998 6.27%
    45% 7 $2,355,000 $336,429 $3,306 6.48%
    48% 6 $1,840,000 $306,667 $4,326 7.00%
    49% 6 $1,520,000 $253,333 $2,541 6.73%
    46% 6 $1,750,000 $291,667 $4,087 6.94%
    47% 3 $755,000 $251,667 $3,258 6.83%

    A + Mortgage Services lent most frequently to those with DTI ratios of <20%, with 292 originations. The next most common DTI ratio? 30-36%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 443 $136,605,000 $308,363 $3,437 6.79%
    Not provided 45 $13,895,000 $308,778 $3,211 6.79%
    Asian 17 $4,665,000 $274,412 $3,223 6.95%
    Black 10 $2,210,000 $221,000 $4,698 6.66%
    Asian Indian 1 $365,000 $365,000 $1,700 6.38%
    Vietnamese 1 $245,000 $245,000 $2,375 6.63%
    Other Asian 1 $235,000 $235,000 $2,195 7.13%
    American Indian 1 $205,000 $205,000 $5,765 6.25%
    Native Hawaiian or Islander 1 $155,000 $155,000 $2,085 6.38%

    Approval Rates

    Total approvals of all applications
    98.90%

    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
    96.35%

    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
    22328.16 1 $585,000 $585,000
    2350.0 1 $225,000 $225,000
    3825.0 1 $345,000 $345,000
    NA 517 $157,425,000 $304,497

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    520 $158,580,000 $304,962

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $3,245,000 $216,333 $2,309 6.78%
    40-60% 53 $13,895,000 $262,170 $2,599 6.61%
    60-80% 189 $59,235,000 $313,413 $3,531 6.80%
    80-100% 259 $80,915,000 $312,413 $3,487 6.82%
    Over 100% 3 $1,175,000 $391,667 $12,406 6.33%
    Under 20% 1 $115,000 $115,000 $2,175 6.00%