American Mortgage & Equity Consultants Rates, Fees & Info

Bloomington, MN

LEI: 549300AENO88GEUWCZ39

Tax ID: 41-1941324

3.7 stars - Updated: 9/25/23 - out of 5 stars, based on 52 reviews

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

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Mortgage Data

Review & Overview

American Mortgage & Equity Consultants is a smaller mortgage company specializing in Home Purchase loans. American Mortgage & Equity Consultants 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: Minneapolis, Denver, Milwaukee, Boston, and Manchester among others. We have data for 147 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Mortgage & Equity Consultants 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. American Mortgage & Equity Consultants 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.

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 6.73% 9/25/23
30 Year Conventional Refi 6.54% 9/25/23
30 Year Cash-out Refi 6.79% 9/25/23
30 Year FHA Purchase 7.73% 9/25/23
30 Year FHA Refi 7.16% 9/25/23
30 Year VA Purchase 6.51% 9/25/23
30 Year VA Refi 5.85% 9/25/23
30 Year USDA Purchase 6.90% 9/25/23
30 Year USDA Refi 5.93% 9/25/23
15 Year Conventional Purchase 6.43% 9/25/23
15 Year Conventional Refi 5.81% 9/25/23
15 Year Cash-out Refi 5.81% 9/25/23
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.

American Mortgage & Equity Consultants Mortgage Calculator






Your Estimates

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

This is not an official calculator from American Mortgage & Equity Consultants. 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

2,658

Origination Dollar Volume (All Markets)

$844,580,000

Awards

American Mortgage & Equity Consultants 30 Year Conventional Loans bronze American Mortgage & Equity Consultants 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

American Mortgage & Equity Consultants's average 30 year fixed mortgage rate was 5.03%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.27%.

Relative Fees (Closing Costs)

American Mortgage & Equity Consultants's average total fees/closing costs for a 30 year fixed rate mortgage were $7,023.

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 $4,750.

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1,181 $388,505,000 $328,963 $6,957 4.87%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 242 $106,810,000 $441,364 $7,796 4.70%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 216 $48,690,000 $225,417 $5,463 5.25%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 121 $44,805,000 $370,289 $7,905 5.40%
Outside of Metro Areas 108 $24,660,000 $228,333 $5,169 4.75%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 61 $22,065,000 $361,721 $8,553 5.48%
KANSAS CITY, MO-KS (FHA|USDA|VA) 95 $17,425,000 $183,421 $4,480 4.51%
EAU CLAIRE, WI (FHA|USDA|VA) 76 $15,150,000 $199,342 $3,741 5.19%
GREELEY, CO (FHA|USDA|VA) 22 $10,050,000 $456,818 $7,282 4.64%
Concord, NH (FHA|USDA|VA) 27 $8,675,000 $321,296 $6,540 5.55%
FORT COLLINS, CO (FHA|USDA|VA) 14 $7,610,000 $543,571 $11,555 4.95%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $7,020,000 $390,000 $8,103 5.10%
Faribault-Northfield, MN (FHA|USDA|VA) 18 $6,950,000 $386,111 $10,355 5.40%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 19 $5,915,000 $311,316 $8,017 5.14%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 19 $5,185,000 $272,895 $7,374 5.31%
DULUTH, MN-WI (FHA|USDA|VA) 14 $4,770,000 $340,714 $5,705 5.36%
MANHATTAN, KS (FHA|USDA|VA) 24 $4,660,000 $194,167 $4,855 4.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 11 $4,575,000 $415,909 $7,626 5.01%
COLORADO SPRINGS, CO (FHA|USDA|VA) 11 $4,565,000 $415,000 $10,453 5.02%
Brainerd, MN (FHA|USDA|VA) 13 $4,455,000 $342,692 $6,572 4.63%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $3,930,000 $982,500 $7,361 5.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $3,615,000 $401,667 $8,327 4.97%
RACINE, WI (FHA|USDA|VA) 13 $3,235,000 $248,846 $4,735 5.29%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 9 $3,175,000 $352,778 $9,063 5.06%
ST. CLOUD, MN (FHA|USDA|VA) 17 $3,115,000 $183,235 $5,412 4.47%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 17 $3,065,000 $180,294 $5,279 4.75%
Winona, MN (FHA|USDA|VA) 3 $2,215,000 $738,333 $11,397 5.17%
WORCESTER, MA-CT (FHA|USDA|VA) 5 $2,215,000 $443,000 $5,530 5.85%
Laconia, NH (FHA|USDA|VA) 7 $2,205,000 $315,000 $10,263 5.68%
ROCHESTER, MN (FHA|USDA|VA) 7 $2,115,000 $302,143 $7,379 5.27%
TOPEKA, KS (FHA|USDA|VA) 10 $2,100,000 $210,000 $5,153 5.17%
EVANSVILLE, IN-KY (FHA|USDA|VA) 13 $2,095,000 $161,154 $3,906 4.60%
MADISON, WI (FHA|USDA|VA) 4 $1,780,000 $445,000 $9,017 5.94%
BOULDER, CO (FHA|USDA|VA) 5 $1,755,000 $351,000 $5,597 4.60%
Warrensburg, MO (FHA|USDA|VA) 8 $1,650,000 $206,250 $3,550 4.52%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,585,000 $528,333 $10,663 5.04%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,565,000 $521,667 $8,316 5.63%
Keene, NH (FHA|USDA|VA) 6 $1,520,000 $253,333 $7,030 6.27%
Edwards, CO (FHA|USDA|VA) 3 $1,515,000 $505,000 $8,258 5.08%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,495,000 $498,333 $12,581 6.33%
Lebanon, NH-VT (FHA|USDA|VA) 7 $1,455,000 $207,857 $4,576 5.45%
Breckenridge, CO (FHA|USDA|VA) 3 $1,455,000 $485,000 $8,064 3.96%
Beaver Dam, WI (FHA|USDA|VA) 5 $1,435,000 $287,000 $5,864 4.83%
GREEN BAY, WI (FHA|USDA|VA) 5 $1,395,000 $279,000 $4,536 5.38%
Cañon City, CO (FHA|USDA|VA) 2 $1,390,000 $695,000 $17,284 5.56%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $1,350,000 $337,500 $5,990 4.71%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 7 $1,325,000 $189,286 $4,140 5.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,195,000 $398,333 $4,434 3.79%
Red Wing, MN (FHA|USDA|VA) 4 $1,180,000 $295,000 $7,473 4.88%
Steamboat Springs, CO (FHA|USDA|VA) 2 $1,170,000 $585,000 $5,678 5.00%
Alexandria, MN (FHA|USDA|VA) 3 $1,165,000 $388,333 $5,489 4.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $21,455 6.75%
Grand Rapids, MN (FHA|USDA|VA) 2 $1,100,000 $550,000 $4,174 4.50%
Menomonie, WI (FHA|USDA|VA) 6 $1,090,000 $181,667 $4,366 5.58%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $1,080,000 $540,000 $6,046 4.94%
Fergus Falls, MN (FHA|USDA|VA) 6 $1,070,000 $178,333 $3,239 5.29%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,045,000 $348,333 $7,300 4.83%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $5,854 4.50%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $995,000 $995,000 $8,911 4.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $995,000 $331,667 $6,091 4.46%
Hutchinson, MN (FHA|USDA|VA) 5 $955,000 $191,000 $5,669 4.77%
ANN ARBOR, MI (FHA|USDA|VA) 3 $865,000 $288,333 $5,247 5.13%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $845,000 $281,667 $8,213 4.79%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $840,000 $420,000 $6,389 4.31%
Whitewater, WI (FHA|USDA|VA) 4 $820,000 $205,000 $7,664 5.09%
FARGO, ND-MN (FHA|USDA|VA) 3 $815,000 $271,667 $4,809 5.29%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $810,000 $101,250 $5,137 6.30%
Owatonna, MN (FHA|USDA|VA) 3 $765,000 $255,000 $4,886 3.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $685,000 $685,000 $8,822 4.75%
TULSA, OK (FHA|USDA|VA) 2 $630,000 $315,000 $8,980 5.94%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $620,000 $310,000 $7,420 6.19%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $595,000 $198,333 $5,168 5.46%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $590,000 $295,000 $4,229 6.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $590,000 $295,000 $9,592 5.69%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $570,000 $285,000 $4,062 6.93%
Berlin, NH (FHA|USDA|VA) 3 $565,000 $188,333 $9,020 5.67%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $555,000 $185,000 $4,934 4.54%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $550,000 $275,000 $6,855 5.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $545,000 $545,000 $9,760 3.88%
MANKATO, MN (FHA|USDA|VA) 2 $530,000 $265,000 $4,690 6.19%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $485,000 $485,000 $22,024 7.13%
Williston, ND (FHA|USDA|VA) 1 $455,000 $455,000 $6,192 3.63%
Brookings, SD (FHA|USDA|VA) 1 $445,000 $445,000 $4,219 5.88%
Stevens Point, WI (FHA|USDA|VA) 1 $435,000 $435,000 $14,180 4.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $435,000 $435,000 $6,127 7.00%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $435,000 $435,000 $0 5.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $425,000 $425,000 $10,185 3.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $415,000 $415,000 $5,164 4.63%
Fort Morgan, CO (FHA|USDA|VA) 1 $395,000 $395,000 $19,427 5.87%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $395,000 $395,000 $9,075 7.13%
Marshall, MN (FHA|USDA|VA) 3 $395,000 $131,667 $2,473 6.25%
THE VILLAGES, FL (FHA|USDA|VA) 1 $395,000 $395,000 $8,951 6.88%
SIOUX FALLS, SD (FHA|USDA|VA) 2 $380,000 $190,000 $3,926 4.44%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $375,000 $375,000 $0 7.63%
WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $370,000 $185,000 $11,948 6.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $365,000 $365,000 $2,899 3.99%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $355,000 $355,000 $6,208 5.50%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $355,000 $355,000 $2,257 4.13%
LOUISVILLE, KY (FHA|USDA|VA) 1 $345,000 $345,000 $6,072 6.38%
BISMARCK, ND (FHA|USDA|VA) 1 $345,000 $345,000 $9,155 4.13%
CHEYENNE, WY (FHA|USDA|VA) 1 $345,000 $345,000 $15,551 6.13%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $340,000 $170,000 $8,343 6.06%
Show Low, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $4,070 5.75%
Okeechobee, FL (FHA|USDA|VA) 1 $315,000 $315,000 $16,302 5.25%
Lewisburg, TN (FHA|USDA|VA) 1 $315,000 $315,000 $4,952 5.13%
FOND DU LAC, WI (FHA|USDA|VA) 1 $315,000 $315,000 $8,965 4.88%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $315,000 $315,000 $13,992 6.99%
FRESNO, CA (FHA|USDA|VA) 1 $315,000 $315,000 $16,491 5.88%
Willmar, MN (FHA|USDA|VA) 1 $305,000 $305,000 $3,507 3.25%
Vermillion, SD (FHA|USDA|VA) 1 $305,000 $305,000 $2,250 3.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $3,481 5.88%
Austin, MN (FHA|USDA|VA) 1 $285,000 $285,000 $3,674 5.25%
MIDLAND, MI (FHA|USDA|VA) 1 $285,000 $285,000 $5,660 5.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $6,728 4.63%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $50 3.99%
Pottsville, PA (FHA|USDA|VA) 1 $285,000 $285,000 $10,179 6.25%
PROVO-OREM, UT (FHA|USDA|VA) 1 $275,000 $275,000 $4,162 7.75%
Marquette, MI (FHA|USDA|VA) 1 $275,000 $275,000 $3,172 6.88%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $275,000 $275,000 $6,697 6.13%
BOISE CITY, ID (FHA|USDA|VA) 1 $265,000 $265,000 $4,956 6.13%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $245,000 $245,000 $3,186 6.13%
MUSKEGON, MI (FHA|USDA|VA) 1 $235,000 $235,000 $4,953 4.88%
Sterling, CO (FHA|USDA|VA) 2 $220,000 $110,000 $4,627 2.00%
Athens, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $215,000 $215,000 $2,654 4.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $7,816 5.50%
Rockport, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,715 5.63%
IOWA CITY, IA (FHA|USDA|VA) 1 $195,000 $195,000 $2,131 3.25%
Atchison, KS (FHA|USDA|VA) 1 $185,000 $185,000 $5,877 5.75%
PUEBLO, CO (FHA|USDA|VA) 1 $185,000 $185,000 $5,467 6.50%
BANGOR, ME (FHA|USDA|VA) 1 $175,000 $175,000 $3,471 6.13%
LAWRENCE, KS (FHA|USDA|VA) 1 $175,000 $175,000 $2,815 3.63%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,809 3.63%
APPLETON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.88%
LAFAYETTE, LA (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.13%
JACKSON, MI (FHA|USDA|VA) 1 $155,000 $155,000 $4,294 6.13%
WICHITA, KS (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.00%
Union, SC (FHA|USDA|VA) 1 $145,000 $145,000 $6,734 5.63%
Ludington, MI (FHA|USDA|VA) 1 $135,000 $135,000 $3,035 4.87%
Ottawa, KS (FHA|USDA|VA) 1 $135,000 $135,000 $3,497 3.63%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $135,000 $135,000 $3,440 5.38%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $125,000 $125,000 $3,901 5.88%
Fairmont, MN (FHA|USDA|VA) 1 $125,000 $125,000 $3,537 5.25%
Marinette, WI-MI (FHA|USDA|VA) 1 $115,000 $115,000 $3,038 7.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.63%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.88%
American Mortgage & Equity Consultants's top markets include Minneapolis, Denver, Milwaukee, Boston, and Manchester among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,227 $708,325,000 $318,062 $5,929 4.94%
    FHA 284 $82,830,000 $291,655 $11,437 5.35%
    VA 131 $49,745,000 $379,733 $8,726 4.80%
    USDA 16 $3,680,000 $230,000 $6,883 4.55%

    For 2022, American Mortgage & Equity Consultants's most frequently originated type of loan was Conventional, with 2,227 originations. Their 2nd most popular type was FHA, with 284 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,234 $710,040,000 $317,833 $6,911 5.09%
    Cash Out Refi 279 $81,125,000 $290,771 $5,626 4.48%
    Refi 145 $53,415,000 $368,379 $5,551 4.07%

    For 2022, American Mortgage & Equity Consultants's most frequently cited loan purpose was Home Purchase, with 2,234 originations. The 2nd most popular reason was Cash Out Refi, with 279 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,453 $808,105,000 $329,435 $7,023 5.03%
    10 Year 96 $3,890,000 $40,521 $845 4.54%
    15 Year 62 $16,840,000 $271,613 $4,864 4.04%
    Other 25 $8,775,000 $351,000 $9,652 4.54%
    20 Year 22 $6,970,000 $316,818 $4,523 3.96%

    For 2022, American Mortgage & Equity Consultants's most frequently cited loan duration was 30 Year, with 2,453 originations. The 2nd most popular length was 10 Year, with 96 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 746 $241,270,000 $323,418
    $5k+ 634 $271,430,000 $428,123
    $2k-3k 293 $86,945,000 $296,741
    $3k-4k 272 $80,620,000 $296,397
    $<1k 265 $41,665,000 $157,226
    $4k-5k 246 $79,130,000 $321,667

    American Mortgage & Equity Consultants's average total fees were $7,023, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 746 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 860 $278,260,000 $323,558
    4-5% 623 $218,985,000 $351,501
    3-4% 529 $171,505,000 $324,206
    6-7% 436 $131,860,000 $302,431
    7-8% 82 $23,060,000 $281,220
    <2.5% 77 $4,145,000 $53,831
    2.5-3% 38 $15,870,000 $417,632
    Over 8% 13 $895,000 $68,846

    During 2022, American Mortgage & Equity Consultants's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 5-6%, with 860 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,327 $392,565,000 $295,829 $6,722 5.12%
    $400k-600k 509 $240,605,000 $472,701 $8,695 5.03%
    $100k-200k 451 $71,825,000 $159,257 $4,616 5.05%
    $100,000 or less 208 $7,700,000 $37,019 $1,004 3.81%
    $600k-1MM 138 $96,590,000 $699,928 $10,570 4.89%
    $1MM+ 25 $35,295,000 $1,411,800 $18,213 4.65%

    2022 saw American Mortgage & Equity Consultants place emphasis on $200k-400k loans with 1,327 originations, totaling $392,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 725 $248,385,000 $342,600 $7,585 5.08%
    $50k-75k 548 $117,730,000 $214,836 $5,242 4.79%
    $75k-100k 521 $142,765,000 $274,021 $6,449 5.13%
    $150k-250k 480 $197,030,000 $410,479 $7,723 5.16%
    $50k or less 208 $28,250,000 $135,817 $3,918 4.37%
    $250k+ 170 $108,000,000 $635,294 $10,070 4.91%

    American Mortgage & Equity Consultants lent most frequently to those with incomes in the $100k-150k range, with 725 originations. The second most popular income band? $50k-75k, with 548 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 442 $143,790,000 $325,317 $6,231 4.92%
    20-30% 440 $144,980,000 $329,500 $6,301 4.78%
    <20% 176 $48,980,000 $278,295 $4,453 4.25%
    42% 152 $45,620,000 $300,132 $6,595 5.27%
    43% 128 $41,070,000 $320,859 $6,988 5.20%
    44% 128 $41,260,000 $322,344 $7,503 5.11%
    49% 125 $43,165,000 $345,320 $8,417 5.34%
    38% 119 $38,535,000 $323,824 $7,045 5.08%
    50-60% 118 $36,380,000 $308,305 $10,021 5.05%
    39% 107 $33,885,000 $316,682 $6,351 5.04%
    41% 106 $34,790,000 $328,208 $6,470 4.99%
    37% 98 $29,710,000 $303,163 $6,052 4.96%
    48% 95 $31,345,000 $329,947 $7,986 5.27%
    36% 89 $29,085,000 $326,798 $6,593 5.04%
    45% 88 $28,090,000 $319,205 $7,129 5.03%
    40% 86 $26,020,000 $302,558 $5,904 5.11%
    47% 82 $24,390,000 $297,439 $7,112 5.10%
    46% 70 $20,840,000 $297,714 $7,317 5.08%
    >60% 7 $2,135,000 $305,000 $8,404 5.39%

    American Mortgage & Equity Consultants lent most frequently to those with DTI ratios of 30-36%, with 442 originations. The next most common DTI ratio? 20-30%, with 440 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,216 $716,700,000 $323,421 $6,662 4.97%
    Not provided 210 $65,460,000 $311,714 $6,864 4.94%
    Black 119 $29,715,000 $249,706 $7,163 5.09%
    Asian 70 $20,620,000 $294,571 $7,200 4.91%
    American Indian 22 $5,830,000 $265,000 $7,675 4.74%
    Asian Indian 7 $2,345,000 $335,000 $7,648 5.11%
    Other Asian 5 $1,605,000 $321,000 $7,500 5.75%
    Native Hawaiian or Islander 2 $870,000 $435,000 $5,859 3.31%
    Chinese 2 $660,000 $330,000 $4,351 4.50%
    Vietnamese 1 $285,000 $285,000 $7,202 4.62%
    Korean 2 $270,000 $135,000 $5,181 5.31%
    Filipino 2 $220,000 $110,000 $0 4.38%

    Approval Rates

    Total approvals of all applications
    98.13%

    American Mortgage & Equity Consultants 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
    59.37%

    American Mortgage & Equity Consultants 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 2,658 $844,580,000 $317,750

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,658 $844,580,000 $317,750

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $10,830,000 $186,724 $4,224 4.74%
    40-60% 179 $52,375,000 $292,598 $5,338 4.69%
    60-80% 724 $251,170,000 $346,920 $6,745 4.94%
    80-100% 1,540 $518,570,000 $336,734 $7,356 5.19%
    Over 100% 21 $9,185,000 $437,381 $18,416 4.97%
    Under 20% 136 $2,450,000 $18,015 $381 3.08%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Trouble during payment process 1 100.0%