Ameritrust Mortgage Corporation Rates, Fees & Info
CRYSTAL LAKE, ILLEI: 549300A5HHOL2ED18C72
Tax ID: 36-3390401
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Mortgage Data
Review & Overview
Ameritrust Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Ameritrust Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, New York, and San Diego among others. We have data for 113 markets. (Some data included below & more in-depth data is available with an active subscription.)Ameritrust Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ameritrust Mortgage 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 | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 30 Year FHA Purchase | 6.50% | 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. | ||
Ameritrust Mortgage Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Ameritrust Mortgage Corporation. 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
514Origination Dollar Volume (All Markets)
$273,670,000Relative Rate
Ameritrust Mortgage Corporation's average 30 year fixed mortgage rate was
7.99%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.51%.
Relative Fees (Closing Costs)
Ameritrust Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $17,656.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 118 | $100,320,000 | $850,169 | $21,364 | 7.82% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 79 | $36,135,000 | $457,405 | $16,160 | 7.45% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 17 | $10,485,000 | $616,765 | $15,554 | 7.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $8,490,000 | $1,061,250 | $26,405 | 9.03% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 11 | $7,985,000 | $725,909 | $20,682 | 7.94% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $6,345,000 | $1,269,000 | $0 | 9.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 16 | $5,860,000 | $366,250 | $8,862 | 8.84% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 23 | $5,425,000 | $235,870 | $15,584 | 8.68% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $4,745,000 | $431,364 | $9,830 | 7.66% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $3,900,000 | $487,500 | $66,672 | 7.97% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 10 | $3,890,000 | $389,000 | $17,429 | 8.21% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $3,735,000 | $1,245,000 | $8,727 | 7.46% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $3,530,000 | $353,000 | $22,887 | 8.20% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 7 | $3,355,000 | $479,286 | $0 | 9.09% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $3,015,000 | $430,714 | $17,858 | 7.19% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $2,860,000 | $1,430,000 | $0 | 8.93% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $2,685,000 | $895,000 | $31,396 | 9.54% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $2,500,000 | $416,667 | $27,000 | 8.19% |
| FRESNO, CA (FHA|USDA|VA) | 7 | $2,185,000 | $312,143 | $14,471 | 7.96% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $2,140,000 | $535,000 | $4,884 | 8.69% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $1,925,000 | $1,925,000 | $49,077 | 8.63% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $1,915,000 | $638,333 | $6,747 | 8.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $1,845,000 | $263,571 | $9,569 | 9.09% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $1,795,000 | $199,444 | $10,947 | 8.17% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $1,780,000 | $890,000 | $22,139 | 9.56% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $1,770,000 | $885,000 | $11,154 | 8.00% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $1,750,000 | $875,000 | $4,128 | 7.87% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $1,465,000 | $488,333 | $17,450 | 7.67% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $11,599 | 7.78% |
| Outside of Metro Areas | 5 | $1,445,000 | $289,000 | $0 | 8.15% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,440,000 | $720,000 | $0 | 7.06% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $19,076 | 8.33% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $19,519 | 9.46% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 7.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $11,591 | 7.96% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $0 | 8.16% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $0 | 7.44% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $9,671 | 7.56% |
| COLUMBUS, OH (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $0 | 7.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 7.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 7.75% |
| Centralia, WA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 8.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $12,818 | 6.87% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 8.19% |
| Outside of Metro Areas | 1 | $765,000 | $765,000 | $13,600 | 7.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $13,521 | 9.44% |
| Marion, NC (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $18,084 | 6.88% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 10.37% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 9.69% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 9.81% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 9.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $11,396 | 8.63% |
| Edwards, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 7.63% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 8.38% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 7.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $19,512 | 8.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 9.63% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 7.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 9.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 8.19% |
| TULSA, OK (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $8,579 | 7.31% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 7.94% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,172 | 7.25% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 7.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 7.69% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 7.99% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 9.88% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $19,229 | 9.50% |
| Lebanon, NH-VT (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 7.13% |
| WACO, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $9,568 | 7.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 8.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $7,056 | 8.19% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,347 | 7.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 9.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 7.31% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,248 | 9.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.88% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 8.63% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 9.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.63% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,428 | 8.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,868 | 8.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,380 | 7.13% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 8.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,638 | 7.88% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 7.50% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,326 | 7.13% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.88% |
| RACINE, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.75% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.63% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,035 | 6.25% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.38% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.63% |
| Sonora, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,212 | 8.13% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,728 | 6.25% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.88% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.38% |
| OCALA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 11.75% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.63% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.13% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,802 | 7.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,311 | 5.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.88% |
| Jasper, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.75% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.63% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 467 | $251,135,000 | $537,762 | $17,079 | 8.15% |
| FHA | 39 | $18,675,000 | $478,846 | $22,280 | 6.64% |
| VA | 8 | $3,860,000 | $482,500 | $11,725 | 6.81% |
For 2023, Ameritrust Mortgage Corporation's most frequently originated type of loan was Conventional, with 467 originations. Their 2nd most popular type was FHA, with 39 originations.
Loan Reason
For 2023, Ameritrust Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 308 originations. The 2nd most popular reason was Cash Out Refi, with 176 originations.
Loan Duration/Length
For 2023, Ameritrust Mortgage Corporation's most frequently cited loan duration was 30 Year, with 498 originations. The 2nd most popular length was 30+ year, with 11 originations.
Origination Fees/Closing Costs
Ameritrust Mortgage Corporation's average total fees were $17,656, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 177 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 227 | $127,875,000 | $563,326 |
| 7-8% | 185 | $97,025,000 | $524,459 |
| 6-7% | 92 | $44,650,000 | $485,326 |
| 5-6% | 10 | $4,120,000 | $412,000 |
During 2023, Ameritrust Mortgage Corporation's average interest rate for loans was 7.99%, while their most frequently originated rate bucket for loans was Over 8%, with 227 originations.
Loan Sizing
2023 saw Ameritrust Mortgage Corporation place emphasis on $200k-400k loans with 163 originations, totaling $47,145,000 in origination value.
Applicant Income
Ameritrust Mortgage Corporation lent most frequently to those with incomes in the $250k+ range, with 137 originations. The second most popular income band? $50k or less, with 88 originations.
Applicant Debt to Income Ratio
Ameritrust Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.82%
Ameritrust Mortgage Corporation 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-5.25%
Ameritrust Mortgage Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 514 | $273,670,000 | $532,432 |