American Mortgage & Equity Consultants Rates, Fees & Info
Bloomington, MNLEI: 549300AENO88GEUWCZ39
Tax ID: 41-1941324
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
American Mortgage & Equity Consultants is a small 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, Austin, Dallas, Green Bay, and Denver among others. We have data for 119 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% | 12/17/24 |
| 30 Year Conventional Refi | 6.54% | 12/17/24 |
| 30 Year Cash-out Refi | 6.79% | 12/17/24 |
| 30 Year FHA Purchase | 7.73% | 12/17/24 |
| 30 Year FHA Refi | 7.16% | 12/17/24 |
| 30 Year VA Purchase | 6.51% | 12/17/24 |
| 30 Year VA Refi | 5.85% | 12/17/24 |
| 30 Year USDA Purchase | 6.90% | 12/17/24 |
| 30 Year USDA Refi | 5.93% | 12/17/24 |
| 15 Year Conventional Purchase | 6.43% | 12/17/24 |
| 15 Year Conventional Refi | 5.81% | 12/17/24 |
| 15 Year Cash-out Refi | 5.81% | 12/17/24 |
| 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. | ||
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
7,492Origination Dollar Volume (All Markets)
$1,737,910,000Awards
American Mortgage & Equity Consultants - 2018
American Mortgage & Equity Consultants is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for American Mortgage & Equity Consultants?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 4,278 | $1,054,880,000 | $246,583 | $5,117 | 4.79% |
| Outside of Metro Areas | 570 | $92,180,000 | $161,719 | $4,303 | 4.84% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 243 | $75,755,000 | $311,749 | $6,225 | 4.67% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 214 | $66,760,000 | $311,963 | $6,533 | 4.69% |
| GREEN BAY, WI (FHA|USDA|VA) | 291 | $47,295,000 | $162,526 | $3,758 | 4.82% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 97 | $31,475,000 | $324,485 | $4,981 | 4.76% |
| Owatonna, MN (FHA|USDA|VA) | 148 | $25,510,000 | $172,365 | $4,856 | 4.81% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 122 | $24,200,000 | $198,361 | $5,827 | 4.87% |
| Brainerd, MN (FHA|USDA|VA) | 103 | $21,725,000 | $210,922 | $4,893 | 4.77% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 91 | $17,635,000 | $193,791 | $5,251 | 4.80% |
| MADISON, WI (FHA|USDA|VA) | 76 | $17,150,000 | $225,658 | $4,581 | 4.87% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 95 | $14,825,000 | $156,053 | $4,194 | 4.94% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 71 | $13,755,000 | $193,732 | $5,010 | 4.90% |
| APPLETON, WI (FHA|USDA|VA) | 83 | $13,635,000 | $164,277 | $4,083 | 4.88% |
| ST. CLOUD, MN (FHA|USDA|VA) | 79 | $12,815,000 | $162,215 | $4,776 | 4.91% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 20 | $12,600,000 | $630,000 | $6,223 | 4.86% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 17 | $11,365,000 | $668,529 | $4,476 | 4.73% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 51 | $10,755,000 | $210,882 | $5,253 | 4.83% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 27 | $10,495,000 | $388,704 | $7,153 | 4.84% |
| ROCHESTER, MN (FHA|USDA|VA) | 44 | $8,920,000 | $202,727 | $4,812 | 4.83% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 19 | $8,485,000 | $446,579 | $7,450 | 4.68% |
| Grand Rapids, MN (FHA|USDA|VA) | 52 | $8,340,000 | $160,385 | $4,756 | 4.94% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 23 | $8,055,000 | $350,217 | $5,545 | 4.80% |
| FOND DU LAC, WI (FHA|USDA|VA) | 63 | $7,855,000 | $124,683 | $3,622 | 4.98% |
| Aberdeen, SD (FHA|USDA|VA) | 53 | $7,345,000 | $138,585 | $5,215 | 4.98% |
| TULSA, OK (FHA|USDA|VA) | 36 | $5,960,000 | $165,556 | $4,757 | 4.86% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 33 | $5,415,000 | $164,091 | $4,590 | 4.93% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 16 | $5,000,000 | $312,500 | $7,443 | 4.56% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 40 | $4,870,000 | $121,750 | $3,473 | 4.93% |
| DULUTH, MN-WI (FHA|USDA|VA) | 25 | $4,855,000 | $194,200 | $3,942 | 4.81% |
| Stevens Point, WI (FHA|USDA|VA) | 24 | $4,270,000 | $177,917 | $3,530 | 4.72% |
| Key West, FL (FHA|USDA|VA) | 8 | $3,790,000 | $473,750 | $10,682 | 4.83% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 12 | $3,540,000 | $295,000 | $6,717 | 4.58% |
| Red Wing, MN (FHA|USDA|VA) | 16 | $3,120,000 | $195,000 | $5,142 | 4.86% |
| MANKATO, MN (FHA|USDA|VA) | 15 | $3,045,000 | $203,000 | $3,614 | 4.87% |
| Hutchinson, MN (FHA|USDA|VA) | 16 | $2,860,000 | $178,750 | $5,613 | 4.76% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $2,785,000 | $309,444 | $6,473 | 4.76% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 14 | $2,420,000 | $172,857 | $4,506 | 4.78% |
| Willmar, MN (FHA|USDA|VA) | 12 | $2,340,000 | $195,000 | $3,532 | 4.86% |
| AMARILLO, TX (FHA|USDA|VA) | 13 | $2,325,000 | $178,846 | $5,886 | 5.14% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 11 | $2,295,000 | $208,636 | $4,808 | 4.68% |
| BOULDER, CO (FHA|USDA|VA) | 5 | $2,285,000 | $457,000 | $3,533 | 4.38% |
| GREELEY, CO (FHA|USDA|VA) | 8 | $2,260,000 | $282,500 | $5,736 | 4.78% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $5,137 | 4.68% |
| FARGO, ND-MN (FHA|USDA|VA) | 12 | $2,230,000 | $185,833 | $4,969 | 4.95% |
| Alexandria, MN (FHA|USDA|VA) | 11 | $2,225,000 | $202,273 | $5,651 | 4.70% |
| TUCSON, AZ (FHA|USDA|VA) | 11 | $2,105,000 | $191,364 | $5,263 | 4.95% |
| FORT COLLINS, CO (FHA|USDA|VA) | 6 | $1,870,000 | $311,667 | $3,285 | 4.67% |
| Menomonie, WI (FHA|USDA|VA) | 10 | $1,630,000 | $163,000 | $3,483 | 4.99% |
| Fergus Falls, MN (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $4,852 | 4.42% |
| Beaver Dam, WI (FHA|USDA|VA) | 9 | $1,425,000 | $158,333 | $3,397 | 4.81% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 7 | $1,385,000 | $197,857 | $4,310 | 5.02% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $5,732 | 4.88% |
| New Ulm, MN (FHA|USDA|VA) | 8 | $1,240,000 | $155,000 | $4,934 | 4.63% |
| Winona, MN (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $6,415 | 5.15% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $4,426 | 4.70% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $1,080,000 | $180,000 | $5,036 | 4.73% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $6,645 | 4.75% |
| Fairmont, MN (FHA|USDA|VA) | 8 | $1,050,000 | $131,250 | $4,753 | 4.83% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $3,658 | 4.90% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $4,653 | 4.75% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $3,875 | 4.94% |
| Shawano, WI (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $3,401 | 4.67% |
| Whitewater, WI (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,507 | 4.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $5,305 | 5.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $8,707 | 5.19% |
| Baraboo, WI (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $4,425 | 5.03% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,906 | 4.44% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,870 | 4.81% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $4,262 | 4.98% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $4,809 | 4.88% |
| Albert Lea, MN (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $3,770 | 5.05% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $7,580 | 4.81% |
| RACINE, WI (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,354 | 5.25% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $2,930 | 5.19% |
| Bemidji, MN (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $4,096 | 4.91% |
| Austin, MN (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $5,044 | 4.73% |
| Marinette, WI-MI (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $3,958 | 5.25% |
| Manitowoc, WI (FHA|USDA|VA) | 6 | $580,000 | $96,667 | $3,468 | 5.04% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,286 | 4.38% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,637 | 4.56% |
| Marshall, MN (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,366 | 4.96% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,749 | 5.31% |
| NAPA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,799 | 5.13% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,652 | 5.19% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,003 | 4.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,735 | 5.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,987 | 4.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,376 | 4.88% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,532 | 4.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,927 | 4.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,813 | 5.25% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,216 | 4.63% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,917 | 5.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,313 | 4.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,006 | 4.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,952 | 4.50% |
| Williston, ND (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,447 | 5.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,476 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,226 | 5.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,040 | 5.13% |
| MERCED, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,988 | 5.63% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,310 | 4.88% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,516 | 4.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,909 | 4.13% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,045 | 4.88% |
| Snyder, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,687 | 4.50% |
| WACO, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,802 | 4.75% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,927 | 5.00% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,887 | 5.00% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,573 | 4.75% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,618 | 4.88% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,362 | 4.50% |
| Sonora, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,337 | 4.63% |
| Decatur, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,814 | 5.00% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,143 | 5.13% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,560 | 4.88% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,121 | 4.75% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,392 | 5.25% |
Similar Lenders
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.
Similarity Rank: 10
Similarity Rank: 12
Similarity Rank: 12
Similarity Rank: 42
Similarity Rank: 55
Similarity Rank: 64
Similarity Rank: 66
Similarity Rank: 84
Similarity Rank: 86
Similarity Rank: 128
Product Mix
For 2018, American Mortgage & Equity Consultants's most frequently originated type of loan was Conventional, with 5,225 originations. Their 2nd most popular type was FHA, with 1,599 originations.
Loan Reason
For 2018, American Mortgage & Equity Consultants's most frequently cited loan purpose was Home Purchase, with 6,503 originations. The 2nd most popular reason was Refi, with 519 originations.
Loan Duration/Length
For 2018, American Mortgage & Equity Consultants's most frequently cited loan duration was 30 Year, with 7,167 originations. The 2nd most popular length was 15 Year, with 222 originations.
Origination Fees/Closing Costs
American Mortgage & Equity Consultants's average total fees were $5,062, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,857 originations.
Interest Rates
During 2018, American Mortgage & Equity Consultants's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 5,505 originations.
Loan Sizing
2018 saw American Mortgage & Equity Consultants place emphasis on $200k-400k loans with 3,456 originations, totaling $926,310,000 in origination value.
Applicant Income
American Mortgage & Equity Consultants lent most frequently to those with incomes in the $50k-75k range, with 2,242 originations. The second most popular income band? $50k or less, with 1,559 originations.
Applicant Debt to Income Ratio
American Mortgage & Equity Consultants lent most frequently to those with DTI ratios of 30-36%, with 1,235 originations. The next most common DTI ratio? 20-30%, with 1,177 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.41%
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 origination84.48%
American Mortgage & Equity Consultants has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,492 | $1,737,910,000 | $231,969 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 49 | $7,145,000 | $145,816 |
| Single Family (1-4 Units):Site-Built | 7,443 | $1,730,765,000 | $232,536 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 25.0% |
| AMERICAN PACIFIC MORTGAGE | Other type of mortgage | Closing on a mortgage | 1 | 12.5% |
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Closing on a mortgage | 2 | 25.0% |
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Trouble during payment process | 2 | 25.0% |
| AMERICAN PACIFIC MORTGAGE | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |