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 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% | 4/19/24 |
| 30 Year Conventional Refi | 6.54% | 4/19/24 |
| 30 Year Cash-out Refi | 6.79% | 4/19/24 |
| 30 Year FHA Purchase | 7.73% | 4/19/24 |
| 30 Year FHA Refi | 7.16% | 4/19/24 |
| 30 Year VA Purchase | 6.51% | 4/19/24 |
| 30 Year VA Refi | 5.85% | 4/19/24 |
| 30 Year USDA Purchase | 6.90% | 4/19/24 |
| 30 Year USDA Refi | 5.93% | 4/19/24 |
| 15 Year Conventional Purchase | 6.43% | 4/19/24 |
| 15 Year Conventional Refi | 5.81% | 4/19/24 |
| 15 Year Cash-out Refi | 5.81% | 4/19/24 |
| 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
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This is not an official calculator from American Mortgage & Equity Consultants. It uses our SimulatedRate™
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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.
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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% |
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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% |