American Mortgage & Equity Consultants Rates, Fees & Info
Bloomington, MNLEI: 549300AENO88GEUWCZ39
Tax ID: 41-1941324
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 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% | 3/27/23 |
| 30 Year Conventional Refi | 6.54% | 3/27/23 |
| 30 Year Cash-out Refi | 6.79% | 3/27/23 |
| 30 Year FHA Purchase | 7.73% | 3/27/23 |
| 30 Year FHA Refi | 7.16% | 3/27/23 |
| 30 Year VA Purchase | 6.51% | 3/27/23 |
| 30 Year VA Refi | 5.85% | 3/27/23 |
| 30 Year USDA Purchase | 6.90% | 3/27/23 |
| 30 Year USDA Refi | 5.93% | 3/27/23 |
| 15 Year Conventional Purchase | 6.43% | 3/27/23 |
| 15 Year Conventional Refi | 5.81% | 3/27/23 |
| 15 Year Cash-out Refi | 5.81% | 3/27/23 |
| 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. | ||
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/JEFFERSON COUNTY, KY-IN (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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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% |