American Mortgage & Equity Consultants Rates, Fees & Info
Bloomington, MNLEI: 549300AENO88GEUWCZ39
Tax ID: 41-1941324
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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
2,658Origination Dollar Volume (All Markets)
$844,580,000Awards
American Mortgage & Equity Consultants - 2022
American Mortgage & Equity Consultants is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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We use machine learning to identify the top lenders compared against American Mortgage & Equity Consultants based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications98.13%
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 origination59.37%
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 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |