American Mortgage & Equity Consultants Rates, Fees & Info

Bloomington, MN

LEI: 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 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, Denver, Milwaukee, Kansas City, and Greeley among others. We have data for 132 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 a low 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

3,775

Origination Dollar Volume (All Markets)

$1,097,485,000

Awards

American Mortgage & Equity Consultants 30 Year Conventional Loans bronze American Mortgage & Equity Consultants 30 Year Conventional Loans bronze
Show all (2) 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) 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%
CaƱon 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.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, American Mortgage & Equity Consultants's most frequently originated type of loan was Conventional, with 3,186 originations. Their 2nd most popular type was FHA, with 364 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, American Mortgage & Equity Consultants's most frequently cited loan purpose was Home Purchase, with 2,303 originations. The 2nd most popular reason was 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 2021, American Mortgage & Equity Consultants's most frequently cited loan duration was 30 Year, with 3,352 originations. The 2nd most popular length was 15 Year, with 216 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 190 $67,290,000 $354,158
    $5k+ 122 $64,050,000 $525,000
    $4k-5k 92 $35,400,000 $384,783

    American Mortgage & Equity Consultants's average total fees were $4,498, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.09%, while their most frequently originated rate bucket for loans was 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 or Islander 1 $305,000 $305,000 $1,310 3.50%

    Approval Rates

    Total approvals of all applications
    95.20%

    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
    79.39%

    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%