American Mortgage & Equity Consultants Rates, Fees & Info

Bloomington, MN

LEI: 549300AENO88GEUWCZ39

Tax ID: 41-1941324

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & 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 by origination volume include: Minneapolis, Green Bay, Dallas, San Antonio, and San Diego among others. We have data for 138 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

9,238

Origination Dollar Volume (All Markets)

$2,272,270,000
Show all (14) awards

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) 5,913 $1,572,535,000 $265,945 $5,076 4.11%
Outside of Metro Areas 605 $104,685,000 $173,033 $4,307 4.23%
GREEN BAY, WI (FHA|USDA|VA) 305 $56,645,000 $185,721 $3,788 4.22%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 213 $52,985,000 $248,756 $5,897 4.23%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 172 $34,750,000 $202,035 $6,318 4.35%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 61 $29,775,000 $488,115 $6,119 4.10%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 107 $29,765,000 $278,178 $6,213 4.30%
MADISON, WI (FHA|USDA|VA) 109 $28,195,000 $258,670 $3,960 4.19%
Brainerd, MN (FHA|USDA|VA) 115 $27,585,000 $239,870 $4,811 4.08%
Owatonna, MN (FHA|USDA|VA) 134 $23,980,000 $178,955 $5,071 4.20%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 69 $23,455,000 $339,928 $5,132 4.23%
Faribault-Northfield, MN (FHA|USDA|VA) 110 $22,560,000 $205,091 $5,255 4.20%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 97 $19,845,000 $204,588 $4,250 4.26%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 107 $19,165,000 $179,112 $4,614 4.26%
ROCHESTER, MN (FHA|USDA|VA) 80 $16,680,000 $208,500 $4,864 4.15%
ST. CLOUD, MN (FHA|USDA|VA) 68 $12,900,000 $189,706 $4,989 4.24%
APPLETON, WI (FHA|USDA|VA) 66 $12,050,000 $182,576 $3,595 4.34%
Grand Rapids, MN (FHA|USDA|VA) 55 $9,895,000 $179,909 $4,509 4.23%
Aberdeen, SD (FHA|USDA|VA) 57 $9,815,000 $172,193 $5,369 4.41%
DULUTH, MN-WI (FHA|USDA|VA) 49 $9,755,000 $199,082 $3,832 4.03%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 17 $8,235,000 $484,412 $7,160 4.16%
FOND DU LAC, WI (FHA|USDA|VA) 56 $8,120,000 $145,000 $3,863 4.58%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 43 $6,115,000 $142,209 $3,756 4.52%
EAU CLAIRE, WI (FHA|USDA|VA) 29 $5,715,000 $197,069 $3,207 4.21%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 10 $5,260,000 $526,000 $6,016 3.95%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 17 $4,945,000 $290,882 $4,638 3.61%
MANKATO, MN (FHA|USDA|VA) 23 $4,825,000 $209,783 $5,028 4.06%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 24 $4,590,000 $191,250 $4,123 4.29%
Red Wing, MN (FHA|USDA|VA) 19 $4,165,000 $219,211 $4,925 4.36%
Stevens Point, WI (FHA|USDA|VA) 21 $3,965,000 $188,810 $3,412 4.33%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 15 $3,865,000 $257,667 $5,096 4.41%
Hutchinson, MN (FHA|USDA|VA) 22 $3,840,000 $174,545 $4,332 4.06%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $3,800,000 $380,000 $7,616 3.99%
Willmar, MN (FHA|USDA|VA) 20 $3,660,000 $183,000 $4,237 4.17%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $3,425,000 $228,333 $6,452 4.34%
DANVILLE, IL (FHA|USDA|VA) 37 $3,365,000 $90,946 $3,451 4.28%
TULSA, OK (FHA|USDA|VA) 18 $3,220,000 $178,889 $4,953 4.44%
AMARILLO, TX (FHA|USDA|VA) 14 $2,840,000 $202,857 $6,100 4.59%
Alexandria, MN (FHA|USDA|VA) 10 $2,540,000 $254,000 $4,767 4.00%
JACKSONVILLE, FL (FHA|USDA|VA) 11 $2,405,000 $218,636 $5,454 4.16%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $2,330,000 $291,250 $3,676 4.16%
Fergus Falls, MN (FHA|USDA|VA) 9 $2,285,000 $253,889 $4,617 3.89%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $2,145,000 $238,333 $5,568 4.01%
FARGO, ND-MN (FHA|USDA|VA) 10 $2,140,000 $214,000 $6,591 4.19%
Marinette, WI-MI (FHA|USDA|VA) 13 $1,945,000 $149,615 $3,295 4.38%
Menomonie, WI (FHA|USDA|VA) 12 $1,780,000 $148,333 $4,494 4.18%
GRAND FORKS, ND-MN (FHA|USDA|VA) 7 $1,695,000 $242,143 $5,406 4.18%
Marshall, MN (FHA|USDA|VA) 7 $1,665,000 $237,857 $5,074 4.14%
Winona, MN (FHA|USDA|VA) 11 $1,655,000 $150,455 $3,611 4.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $1,565,000 $223,571 $5,093 4.11%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 7 $1,555,000 $222,143 $3,487 4.63%
TUCSON, AZ (FHA|USDA|VA) 8 $1,530,000 $191,250 $5,273 4.72%
SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $1,470,000 $245,000 $4,856 4.13%
Shawano, WI (FHA|USDA|VA) 10 $1,460,000 $146,000 $4,555 3.95%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,430,000 $357,500 $6,506 4.13%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 7 $1,355,000 $193,571 $5,457 4.20%
FORT COLLINS, CO (FHA|USDA|VA) 4 $1,320,000 $330,000 $4,646 4.34%
Manitowoc, WI (FHA|USDA|VA) 8 $1,260,000 $157,500 $3,091 4.55%
VALLEJO, CA (FHA|USDA|VA) 4 $1,240,000 $310,000 $5,039 4.38%
New Ulm, MN (FHA|USDA|VA) 5 $1,185,000 $237,000 $4,500 3.75%
WACO, TX (FHA|USDA|VA) 5 $1,155,000 $231,000 $5,791 3.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $5,179 4.08%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $4,534 4.25%
TYLER, TX (FHA|USDA|VA) 6 $1,100,000 $183,333 $6,585 4.29%
SHEBOYGAN, WI (FHA|USDA|VA) 7 $1,075,000 $153,571 $2,943 4.23%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,035,000 $345,000 $5,921 4.13%
Glenwood Springs, CO (FHA|USDA|VA) 2 $1,030,000 $515,000 $6,044 4.31%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 4 $1,000,000 $250,000 $3,655 4.16%
MIDLAND, TX (FHA|USDA|VA) 3 $975,000 $325,000 $7,145 4.92%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $935,000 $187,000 $3,895 4.00%
Bemidji, MN (FHA|USDA|VA) 6 $890,000 $148,333 $5,173 4.06%
SIOUX FALLS, SD (FHA|USDA|VA) 3 $835,000 $278,333 $5,993 3.92%
DAYTON-KETTERING, OH (FHA|USDA|VA) 5 $745,000 $149,000 $5,385 4.13%
WAUSAU-WESTON, WI (FHA|USDA|VA) 4 $700,000 $175,000 $3,474 4.19%
Edwards, CO (FHA|USDA|VA) 1 $695,000 $695,000 $8,318 3.75%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $695,000 $139,000 $4,299 4.45%
GREELEY, CO (FHA|USDA|VA) 2 $630,000 $315,000 $6,170 4.31%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $625,000 $625,000 $1,918 3.63%
Albert Lea, MN (FHA|USDA|VA) 5 $625,000 $125,000 $3,908 4.35%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $600,000 $300,000 $4,905 5.19%
CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $590,000 $295,000 $1,471 4.75%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 3 $535,000 $178,333 $6,400 4.33%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $520,000 $260,000 $4,129 3.56%
Beaver Dam, WI (FHA|USDA|VA) 3 $495,000 $165,000 $4,531 4.83%
Fairmont, MN (FHA|USDA|VA) 4 $490,000 $122,500 $2,802 4.47%
RACINE, WI (FHA|USDA|VA) 2 $480,000 $240,000 $4,649 4.38%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $470,000 $235,000 $8,490 4.06%
VISALIA, CA (FHA|USDA|VA) 2 $460,000 $230,000 $4,988 3.88%
Baraboo, WI (FHA|USDA|VA) 3 $445,000 $148,333 $5,162 4.83%
FORT WAYNE, IN (FHA|USDA|VA) 3 $445,000 $148,333 $2,685 4.25%
BISMARCK, ND (FHA|USDA|VA) 2 $440,000 $220,000 $3,899 4.25%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $435,000 $435,000 $7,098 3.38%
AMES, IA (FHA|USDA|VA) 1 $425,000 $425,000 $2,910 4.38%
TEXARKANA, TX-AR (FHA|USDA|VA) 2 $420,000 $210,000 $5,506 4.88%
EL PASO, TX (FHA|USDA|VA) 3 $415,000 $138,333 $5,027 4.96%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $380,000 $190,000 $4,739 4.56%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $355,000 $355,000 $4,738 3.88%
DUBUQUE, IA (FHA|USDA|VA) 1 $345,000 $345,000 $3,553 3.88%
Andrews, TX (FHA|USDA|VA) 1 $325,000 $325,000 $5,715 3.88%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $9,075 3.88%
Show Low, AZ (FHA|USDA|VA) 2 $310,000 $155,000 $4,500 4.75%
LAREDO, TX (FHA|USDA|VA) 2 $300,000 $150,000 $4,663 4.19%
Austin, MN (FHA|USDA|VA) 3 $295,000 $98,333 $4,397 4.33%
Ukiah, CA (FHA|USDA|VA) 1 $285,000 $285,000 $3,813 4.13%
RAPID CITY, SD (FHA|USDA|VA) 1 $275,000 $275,000 $2,234 3.88%
FRESNO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,725 3.88%
ABILENE, TX (FHA|USDA|VA) 2 $260,000 $130,000 $5,959 4.75%
Key West, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,013 4.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $255,000 $255,000 $7,969 4.13%
BOULDER, CO (FHA|USDA|VA) 1 $255,000 $255,000 $5,139 3.88%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $255,000 $255,000 $410 3.75%
Stillwater, OK (FHA|USDA|VA) 2 $240,000 $120,000 $5,687 4.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $7,216 3.50%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $225,000 $225,000 $2,382 3.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,393 3.88%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $195,000 $195,000 $5,395 5.38%
Wilmington, OH (FHA|USDA|VA) 1 $175,000 $175,000 $7,782 4.13%
Granbury, TX (FHA|USDA|VA) 2 $170,000 $85,000 $3,709 4.31%
MADERA, CA (FHA|USDA|VA) 1 $165,000 $165,000 $5,326 3.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $165,000 $165,000 $11,312 5.63%
Mineral Wells, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,357 4.75%
Crescent City, CA (FHA|USDA|VA) 1 $165,000 $165,000 $4,099 3.88%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,685 4.38%
Burlington, IA-IL (FHA|USDA|VA) 1 $145,000 $145,000 $3,457 3.88%
Platteville, WI (FHA|USDA|VA) 1 $145,000 $145,000 $7,161 4.13%
Pierre, SD (FHA|USDA|VA) 1 $135,000 $135,000 $3,016 4.63%
Sonora, CA (FHA|USDA|VA) 1 $135,000 $135,000 $2,561 4.25%
Wooster, OH (FHA|USDA|VA) 1 $135,000 $135,000 $4,058 4.75%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,349 4.13%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $2,632 4.25%
Palestine, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,843 3.75%
Pearsall, TX (FHA|USDA|VA) 1 $115,000 $115,000 $5,568 3.75%
Eagle Pass, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,721 3.75%
Mason City, IA (FHA|USDA|VA) 1 $105,000 $105,000 $2,272 4.38%
Salem, OH (FHA|USDA|VA) 1 $95,000 $95,000 $4,874 4.25%
Vernon, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,349 4.38%
Borger, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,689 4.88%
Athens, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,374 5.25%
American Mortgage & Equity Consultants's top markets include Minneapolis, Green Bay, Dallas, San Antonio, and San Diego among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,667 $1,705,595,000 $255,826 $4,329 4.14%
    FHA 1,744 $373,550,000 $214,192 $7,369 4.25%
    VA 558 $150,070,000 $268,943 $4,824 4.03%
    USDA 269 $43,055,000 $160,056 $5,181 4.25%

    For 2019, American Mortgage & Equity Consultants's most frequently originated type of loan was Conventional, with 6,667 originations. Their 2nd most popular type was FHA, with 1,744 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,399 $1,510,155,000 $235,999 $5,293 4.23%
    Refi 1,830 $513,900,000 $280,820 $4,061 3.86%
    Cash Out Refi 920 $222,320,000 $241,652 $4,502 4.24%
    Home Improvement 89 $25,895,000 $290,955 $3,881 4.04%

    For 2019, American Mortgage & Equity Consultants's most frequently cited loan purpose was Home Purchase, with 6,399 originations. The 2nd most popular reason was Refi, with 1,830 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,531 $2,102,635,000 $246,470 $5,046 4.20%
    15 Year 456 $106,170,000 $232,829 $3,925 3.58%
    20 Year 186 $47,720,000 $256,559 $3,777 3.90%
    Other 47 $12,305,000 $261,809 $3,857 3.88%
    10 Year 18 $3,440,000 $191,111 $3,973 3.46%

    For 2019, American Mortgage & Equity Consultants's most frequently cited loan duration was 30 Year, with 8,531 originations. The 2nd most popular length was 15 Year, with 456 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 5,081 $1,174,995,000 $231,253
    $2k-3k 1,497 $357,485,000 $238,801
    $<1k 1,131 $276,405,000 $244,390
    $3k-4k 904 $237,880,000 $263,142
    $4k-5k 368 $120,280,000 $326,848
    $5k+ 257 $105,225,000 $409,436

    American Mortgage & Equity Consultants's average total fees were $5,046, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5,081 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,528 $1,190,000,000 $262,809
    4-5% 4,154 $966,670,000 $232,708
    5-6% 493 $98,355,000 $199,503
    2.5-3% 52 $14,640,000 $281,538
    6-7% 9 $2,005,000 $222,778
    <2.5% 2 $600,000 $300,000

    During 2019, American Mortgage & Equity Consultants's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 3-4%, with 4,528 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,835 $1,322,045,000 $273,432 $5,380 4.10%
    $100k-200k 3,193 $503,825,000 $157,790 $4,293 4.26%
    $400k-600k 711 $326,555,000 $459,290 $5,675 4.00%
    $100,000 or less 390 $31,060,000 $79,641 $3,371 4.34%
    $600k-1MM 93 $67,085,000 $721,344 $6,451 4.06%
    $1MM+ 16 $21,700,000 $1,356,250 $8,136 3.88%

    2019 saw American Mortgage & Equity Consultants place emphasis on $200k-400k loans with 4,835 originations, totaling $1,322,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,534 $522,410,000 $206,160 $4,984 4.21%
    $75k-100k 1,809 $435,405,000 $240,688 $5,118 4.19%
    $100k-150k 1,803 $518,555,000 $287,607 $5,118 4.13%
    $50k or less 1,460 $215,380,000 $147,521 $4,406 4.26%
    $150k-250k 964 $337,710,000 $350,322 $4,998 4.03%
    $250k+ 318 $148,980,000 $468,491 $5,393 4.04%

    American Mortgage & Equity Consultants lent most frequently to those with incomes in the $50k-75k range, with 2,534 originations. The second most popular income band? $75k-100k, with 1,809 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,653 $409,025,000 $247,444 $4,704 4.16%
    20-30% 1,630 $402,880,000 $247,166 $4,382 4.05%
    44% 473 $111,535,000 $235,803 $5,094 4.23%
    <20% 414 $112,860,000 $272,609 $4,180 3.91%
    40% 392 $96,330,000 $245,740 $4,816 4.19%
    43% 391 $91,405,000 $233,772 $5,239 4.27%
    42% 387 $91,405,000 $236,189 $5,066 4.27%
    50-60% 385 $90,445,000 $234,922 $7,141 4.30%
    41% 385 $95,975,000 $249,286 $5,013 4.24%
    39% 374 $92,500,000 $247,326 $4,955 4.26%
    38% 367 $89,865,000 $244,864 $4,872 4.24%
    49% 343 $80,065,000 $233,426 $5,656 4.20%
    37% 336 $88,250,000 $262,649 $4,817 4.23%
    36% 332 $80,740,000 $243,193 $4,750 4.15%
    46% 273 $63,355,000 $232,070 $5,435 4.27%
    45% 251 $58,805,000 $234,283 $5,154 4.20%
    47% 248 $60,930,000 $245,685 $5,863 4.19%
    48% 229 $55,305,000 $241,507 $5,572 4.28%
    >60% 25 $6,765,000 $270,600 $6,347 4.21%

    American Mortgage & Equity Consultants lent most frequently to those with DTI ratios of 30-36%, with 1,653 originations. The next most common DTI ratio? 20-30%, with 1,630 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7,698 $1,871,540,000 $243,120 $4,854 4.15%
    Not provided 806 $221,250,000 $274,504 $5,298 4.10%
    Asian 351 $88,305,000 $251,581 $5,375 4.19%
    Black 312 $74,500,000 $238,782 $6,014 4.27%
    American Indian 59 $13,685,000 $231,949 $5,681 4.35%
    Native Hawaiian or Islander 6 $1,590,000 $265,000 $4,449 4.02%
    Other Pacific Islander 2 $550,000 $275,000 $4,169 4.38%
    Asian Indian 2 $540,000 $270,000 $5,448 3.56%
    Other Asian 1 $175,000 $175,000 $7,019 4.38%
    Guamanian 1 $135,000 $135,000 $5,833 4.88%

    Approval Rates

    Total approvals of all applications
    97.89%

    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 origination
    87.70%

    American Mortgage & Equity Consultants has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,238 $2,272,270,000 $245,970

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 67 $9,435,000 $140,821
    Single Family (1-4 Units):Site-Built 9,171 $2,262,835,000 $246,738

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 119 $19,715,000 $165,672 $3,633 3.86%
    40-60% 476 $109,800,000 $230,672 $3,751 3.88%
    60-80% 2,380 $632,150,000 $265,609 $4,279 4.12%
    80-100% 6,125 $1,473,795,000 $240,620 $5,265 4.20%
    Over 100% 132 $36,030,000 $272,955 $8,516 4.11%
    Under 20% 6 $780,000 $130,000 $3,606 4.08%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN EQUITY MORTGAGE Conventional home mortgage Closing on a mortgage 1 100.0%