American Mortgage & Equity Consultants Rates, Fees & Info
Bloomington, MNLEI: 549300AENO88GEUWCZ39
Tax ID: 41-1941324
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
American Mortgage & Equity Consultants is a small mortgage company specializing in Home Purchase and Refi 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 include Minneapolis, Denver, Milwaukee, Kansas City, and Greeley among others. American Mortgage & Equity Consultants has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. American Mortgage & Equity Consultants is typically an average fee lendor.Originations
3,775Origination Dollar Volume (All Markets)
$1,097,485,000Awards
American Mortgage & Equity Consultants - 2021
American Mortgage & Equity Consultants is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
American Mortgage & Equity Consultants 's average 30 year fixed rate mortgage of loans were
3.09%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.06%.
Relative Fees
American Mortgage & Equity Consultants 's average total fees for a 30 year fixed rate
mortgage are $4,498.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1,918 | $577,160,000 | $300,918 | $4,120 | 3.02% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 452 | $186,830,000 | $413,341 | $5,807 | 3.11% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 284 | $62,280,000 | $219,296 | $3,616 | 3.29% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 217 | $36,615,000 | $168,733 | $3,632 | 2.84% |
| Outside of Metro Areas | 137 | $29,005,000 | $211,715 | $3,730 | 3.15% |
| GREELEY, CO (FHA|USDA|VA) | 59 | $24,175,000 | $409,746 | $5,933 | 3.19% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 91 | $16,165,000 | $177,637 | $3,923 | 3.02% |
| BOULDER, CO (FHA|USDA|VA) | 22 | $13,040,000 | $592,727 | $5,296 | 3.09% |
| MANHATTAN, KS (FHA|USDA|VA) | 48 | $9,500,000 | $197,917 | $3,789 | 2.99% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 21 | $8,385,000 | $399,286 | $4,916 | 3.08% |
| ST. CLOUD, MN (FHA|USDA|VA) | 37 | $7,435,000 | $200,946 | $3,492 | 3.01% |
| Brainerd, MN (FHA|USDA|VA) | 21 | $7,115,000 | $338,810 | $4,046 | 3.06% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 20 | $6,530,000 | $326,500 | $5,491 | 3.08% |
| FORT COLLINS, CO (FHA|USDA|VA) | 15 | $6,385,000 | $425,667 | $5,808 | 3.09% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 19 | $4,725,000 | $248,684 | $3,797 | 3.04% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 25 | $4,205,000 | $168,200 | $3,127 | 3.20% |
| RACINE, WI (FHA|USDA|VA) | 22 | $3,880,000 | $176,364 | $3,360 | 3.29% |
| DULUTH, MN-WI (FHA|USDA|VA) | 17 | $3,805,000 | $223,824 | $3,230 | 3.10% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 12 | $3,580,000 | $298,333 | $3,096 | 2.83% |
| Warrensburg, MO (FHA|USDA|VA) | 18 | $3,060,000 | $170,000 | $4,249 | 3.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $2,890,000 | $361,250 | $5,520 | 3.42% |
| ROCHESTER, MN (FHA|USDA|VA) | 11 | $2,815,000 | $255,909 | $3,635 | 2.97% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 12 | $2,700,000 | $225,000 | $2,491 | 3.33% |
| Edwards, CO (FHA|USDA|VA) | 4 | $2,630,000 | $657,500 | $6,376 | 3.31% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $2,300,000 | $575,000 | $7,731 | 3.37% |
| Alexandria, MN (FHA|USDA|VA) | 9 | $2,175,000 | $241,667 | $4,790 | 3.03% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 6 | $2,170,000 | $361,667 | $5,708 | 3.06% |
| Fergus Falls, MN (FHA|USDA|VA) | 11 | $2,085,000 | $189,545 | $2,679 | 3.01% |
| MANKATO, MN (FHA|USDA|VA) | 10 | $2,070,000 | $207,000 | $4,541 | 3.01% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,950,000 | $975,000 | $9,763 | 3.19% |
| Willmar, MN (FHA|USDA|VA) | 9 | $1,825,000 | $202,778 | $3,688 | 2.92% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 8 | $1,820,000 | $227,500 | $2,833 | 2.94% |
| Whitewater, WI (FHA|USDA|VA) | 9 | $1,715,000 | $190,556 | $4,097 | 2.86% |
| Breckenridge, CO (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $4,229 | 3.62% |
| Menomonie, WI (FHA|USDA|VA) | 13 | $1,685,000 | $129,615 | $3,567 | 3.15% |
| MADISON, WI (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $3,862 | 3.23% |
| Holland, MI (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $5,269 | 2.91% |
| FARGO, ND-MN (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $2,695 | 2.97% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $5,088 | 3.17% |
| ANN ARBOR, MI (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $3,900 | 2.81% |
| Bemidji, MN (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $4,344 | 3.25% |
| TUCSON, AZ (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $3,850 | 3.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $2,552 | 2.69% |
| MIDLAND, MI (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $3,003 | 2.95% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 7 | $1,185,000 | $169,286 | $3,447 | 3.46% |
| MUSKEGON, MI (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $2,797 | 2.96% |
| FLINT, MI (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $2,800 | 2.86% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $2,094 | 3.22% |
| TOPEKA, KS (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $2,950 | 2.93% |
| Grand Rapids, MN (FHA|USDA|VA) | 6 | $1,030,000 | $171,667 | $2,614 | 3.10% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $5,384 | 3.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $4,880 | 3.04% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $5,275 | 3.17% |
| Red Wing, MN (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,817 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $7,789 | 3.38% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,274 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $5,189 | 3.13% |
| Hutchinson, MN (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $3,694 | 3.18% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $27,257 | 3.25% |
| Ludington, MI (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $3,475 | 2.84% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $2,860 | 3.13% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,395 | 2.75% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,079 | 3.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,210 | 3.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,812 | 3.25% |
| Albert Lea, MN (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,392 | 3.17% |
| New Ulm, MN (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $3,714 | 2.69% |
| Beaver Dam, WI (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,953 | 3.33% |
| Key West, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $7,084 | 3.25% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,615 | 2.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,397 | 2.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 3.63% |
| Fort Morgan, CO (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $7,397 | 3.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $9,334 | 3.13% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,972 | 2.25% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,781 | 3.00% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,639 | 3.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,693 | 3.25% |
| Jamestown, ND (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,451 | 2.88% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $1,989 | 3.17% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,102 | 2.50% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,778 | 3.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,701 | 3.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,645 | 3.00% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,699 | 2.75% |
| Shawano, WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,480 | 3.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,247 | 3.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,690 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,556 | 3.13% |
| Marshall, MN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,208 | 2.75% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,238 | 2.50% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,288 | 3.38% |
| Fremont, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,175 | 3.13% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,650 | 3.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,982 | 2.38% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,774 | 2.38% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,284 | 3.06% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $3,162 | 2.46% |
| Cadillac, MI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,498 | 3.13% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,882 | 2.75% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $1,348 | 2.63% |
| Austin, MN (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 3.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,649 | 3.19% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,833 | 2.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,181 | 3.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,986 | 3.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,344 | 3.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $2,287 | 2.21% |
| MONROE, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,348 | 3.00% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,366 | 2.50% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,329 | 3.25% |
| Sonora, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,179 | 2.50% |
| Winona, MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,017 | 3.00% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,748 | 3.75% |
| Adrian, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,190 | 3.00% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,102 | 3.50% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.63% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,638 | 4.00% |
| Williston, ND (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.00% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,020 | 3.00% |
| Brookings, SD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,798 | 3.25% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,804 | 3.25% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,379 | 2.63% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,558 | 3.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,149 | 3.50% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,142 | 2.75% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,883 | 3.38% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,711 | 3.63% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,435 | 3.00% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,251 | 3.13% |
| Brownsville, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.13% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,248 | 3.25% |
American Mortgage & Equity Consultants 's top markets include Minneapolis, Denver, Milwaukee, Kansas City, and Greeley among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 3,186 | $933,190,000 | $292,903 | $3,617 | 3.04% |
| FHA | 364 | $96,720,000 | $265,714 | $8,278 | 3.29% |
| VA | 191 | $60,805,000 | $318,351 | $6,398 | 2.82% |
| USDA | 34 | $6,770,000 | $199,118 | $5,367 | 3.14% |
For the 2021 period, American Mortgage & Equity Consultants 's most frequently originated loan type of loans were Conventional, with 3,186 originations. Their 2nd most popular type is FHA, with 364 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,303 | $669,655,000 | $290,775 | $4,762 | 3.05% |
| Refi | 868 | $257,940,000 | $297,166 | $3,153 | 2.95% |
| Cash Out Refi | 604 | $169,890,000 | $281,275 | $3,912 | 3.21% |
For the 2021, American Mortgage & Equity Consultants 's most frequently cited loan purpose of loans were Home Purchase, with 2,303 originations. The 2nd most popular reason of loans were Refi, with 868 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3,352 | $1,007,940,000 | $300,698 | $4,498 | 3.09% |
| 15 Year | 216 | $50,920,000 | $235,741 | $2,852 | 2.58% |
| 20 Year | 96 | $26,740,000 | $278,542 | $2,874 | 2.88% |
| 10 Year | 85 | $5,065,000 | $59,588 | $660 | 3.04% |
| Other | 26 | $6,820,000 | $262,308 | $2,646 | 3.04% |
For the 2021, American Mortgage & Equity Consultants 's most frequently cited loan length of loans were 30 Year, with 3,352 originations. The 2nd most popular length of loans were 15 Year, with 216 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2,067 | $613,725,000 | $296,916 |
| $<1k | 783 | $176,015,000 | $224,796 |
| $2k-3k | 324 | $101,040,000 | $311,852 |
| $3k-4k | 282 | $102,690,000 | $364,149 |
| $5k+ | 122 | $64,050,000 | $525,000 |
$4,498 of loans were American Mortgage & Equity Consultants 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,067 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,042 | $583,590,000 | $285,793 |
| 2.5-3% | 1,338 | $439,160,000 | $328,221 |
| <2.5% | 310 | $57,930,000 | $186,871 |
| 4-5% | 84 | $16,800,000 | $200,000 |
| 5-6% | 1 | $5,000 | $5,000 |
During 2021, American Mortgage & Equity Consultants 's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 3-4%, with 2,042 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,892 | $543,750,000 | $287,394 | $4,349 | 3.12% |
| $100k-200k | 834 | $132,150,000 | $158,453 | $3,417 | 3.19% |
| $400k-600k | 648 | $312,330,000 | $481,991 | $5,653 | 3.05% |
| $100,000 or less | 290 | $11,620,000 | $40,069 | $1,088 | 2.18% |
| $600k-1MM | 88 | $64,360,000 | $731,364 | $6,639 | 3.12% |
| $1MM+ | 23 | $33,275,000 | $1,446,739 | $8,716 | 3.07% |
2021 saw American Mortgage & Equity Consultants place emphasis on $200k-400k loans with 1,892 originations, totaling $543,750,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 955 | $206,535,000 | $216,267 | $4,138 | 3.02% |
| $100k-150k | 876 | $287,670,000 | $328,390 | $4,447 | 3.13% |
| $75k-100k | 724 | $195,490,000 | $270,014 | $4,393 | 3.11% |
| $150k-250k | 558 | $223,120,000 | $399,857 | $4,391 | 3.09% |
| $50k or less | 472 | $74,260,000 | $157,331 | $3,547 | 2.82% |
| $250k+ | 172 | $104,820,000 | $609,419 | $5,054 | 3.12% |
American Mortgage & Equity Consultants lent most frequently to those with incomes in the $50k-75k range, with 955 originations. The second most popular income band? $100k-150k, with 876 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 843 | $245,275,000 | $290,955 | $3,782 | 3.04% |
| 30-36% | 689 | $197,565,000 | $286,742 | $4,090 | 3.10% |
| <20% | 271 | $87,335,000 | $322,269 | $3,472 | 3.06% |
| 43% | 162 | $44,930,000 | $277,346 | $4,418 | 3.07% |
| 41% | 162 | $45,160,000 | $278,765 | $4,384 | 3.07% |
| 39% | 157 | $47,945,000 | $305,382 | $4,678 | 3.14% |
| 44% | 149 | $43,025,000 | $288,758 | $4,464 | 3.05% |
| 38% | 141 | $42,705,000 | $302,872 | $4,278 | 3.08% |
| 42% | 140 | $43,140,000 | $308,143 | $4,400 | 3.16% |
| 40% | 137 | $40,585,000 | $296,241 | $4,280 | 3.04% |
| 37% | 130 | $39,490,000 | $303,769 | $4,311 | 3.10% |
| 45% | 129 | $37,055,000 | $287,248 | $4,489 | 3.01% |
| 36% | 123 | $31,555,000 | $256,545 | $3,688 | 3.04% |
| 49% | 105 | $28,725,000 | $273,571 | $4,899 | 2.96% |
| 48% | 100 | $29,280,000 | $292,800 | $4,844 | 3.00% |
| 47% | 97 | $25,735,000 | $265,309 | $4,969 | 3.04% |
| 50-60% | 94 | $25,540,000 | $271,702 | $8,127 | 2.91% |
| 46% | 92 | $27,310,000 | $296,848 | $4,793 | 3.07% |
| >60% | 5 | $1,715,000 | $343,000 | $2,916 | 2.83% |
American Mortgage & Equity Consultants lent most frequently to those with DTI ratios of 20-30%, with 843 originations. The next most common DTI ratio? 30-36%, with 689 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 3,189 | $931,415,000 | $292,071 | $4,224 | 3.05% |
| Not provided | 338 | $102,830,000 | $304,231 | $4,571 | 3.11% |
| Black | 128 | $27,650,000 | $216,016 | $4,419 | 2.84% |
| Asian | 91 | $27,495,000 | $302,143 | $3,881 | 3.16% |
| American Indian | 21 | $5,075,000 | $241,667 | $5,193 | 2.95% |
| Asian Indian | 2 | $1,180,000 | $590,000 | $3,928 | 3.13% |
| Other Asian | 4 | $1,150,000 | $287,500 | $4,107 | 3.16% |
| Japanese | 1 | $385,000 | $385,000 | $3,237 | 2.63% |
| Native Hawaiian | 1 | $305,000 | $305,000 | $1,310 | 3.50% |
Approval Rates
Total approvals of all applications96.62%
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 origination83.42%
American Mortgage & Equity Consultants has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,775 | $1,097,485,000 | $290,725 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,775 | $1,097,485,000 | $290,725 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 100 | $17,720,000 | $177,200 | $2,971 | 2.88% |
| 40-60% | 391 | $107,585,000 | $275,153 | $3,154 | 2.92% |
| 60-80% | 1,237 | $393,365,000 | $317,999 | $3,675 | 3.16% |
| 80-100% | 1,837 | $562,255,000 | $306,072 | $5,067 | 3.18% |
| Over 100% | 39 | $14,465,000 | $370,897 | $11,938 | 3.00% |
| Under 20% | 171 | $2,095,000 | $12,251 | $183 | 1.38% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Trouble during payment process | 21 | 75.0% |
| AMERICAN PACIFIC MORTGAGE | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Incorrect information on your report | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Closing on a mortgage | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | VA mortgage | Closing on a mortgage | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | FHA mortgage | Trouble during payment process | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | FHA mortgage | Closing on a mortgage | 1 | 3.6% |
