American Financing Corporation Mortgage Rates, Fees & Info

Aurora, CO

LEI: 549300ALNLUNS3Y53T24

Tax ID: 84-1594306

2020 Data | 2019 Data | 2018 Data


Overview

American Financing Corporation is a mid-sized mortgage company specializing in Refi and Cash Out Refi loans. American Financing Corporation 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 Denver, Greeley, Fort Collins, Portland, and Boulder among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. American Financing Corporation is typically an average fee lendor.


Originations

24,703

Origination Dollar Volume (All Markets)

$6,478,245,000

Relative Rate

American Financing Corporation's average 30 year fixed rate mortgage was 3.21%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.15%.

Relative Fees

American Financing Corporation's average total fees for a 30 year fixed rate mortgage are $5,454.

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 $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 19,380 $4,916,880,000 $253,709 $4,631 3.15%
FHA 2,930 $856,350,000 $292,270 $8,879 3.25%
VA 2,374 $700,460,000 $295,055 $5,392 2.76%
USDA 19 $4,555,000 $239,737 $5,870 3.39%

For the 2020 period, American Financing Corporation's most frequently originated loan type was Conventional, with 19,380 originations. Their 2nd most popular type is FHA, with 2,930 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 12,049 $3,213,245,000 $266,681 $4,402 2.99%
Cash Out Refi 10,339 $2,570,925,000 $248,663 $5,399 3.24%
Home Purchase 2,314 $693,980,000 $299,905 $8,541 3.33%
Other 1 $95,000 $95,000 $0 4.63%

For the 2020, American Financing Corporation's most frequently cited loan purpose was Refi, with 12,049 originations. The 2nd most popular reason was Cash Out Refi, with 10,339 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 19,000 $5,200,310,000 $273,701 $5,454 3.18%
15 Year 2,675 $553,765,000 $207,015 $4,315 2.85%
20 Year 1,378 $331,050,000 $240,239 $4,583 3.10%
Other 1,283 $334,465,000 $260,690 $4,463 2.98%
10 Year 367 $58,655,000 $159,823 $3,973 2.89%

For the 2020, American Financing Corporation's most frequently cited loan length was 30 Year, with 19,000 originations. The 2nd most popular length was 15 Year, with 2,675 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 7,588 $2,007,980,000 $264,626
$1k-2k 5,700 $1,368,600,000 $240,105
$2k-3k 5,060 $1,056,510,000 $208,796
$<1k 3,748 $1,092,910,000 $291,598
$5k+ 2,422 $905,150,000 $373,720

$5,454 was American Financing Corporation's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 7,588 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DENVER-AURORA-LAKEWOOD, CO 11,221 $3,280,065,000 $292,315 $5,351 3.14%
GREELEY, CO 1,553 $436,065,000 $280,789 $5,820 3.19%
Outside of Metro Areas 1,700 $343,410,000 $202,006 $4,875 3.18%
FORT COLLINS, CO 832 $234,280,000 $281,587 $5,270 3.14%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 570 $158,210,000 $277,561 $5,316 3.03%
BOULDER, CO 466 $143,980,000 $308,970 $5,252 3.13%
PHOENIX-MESA-CHANDLER, AZ 605 $137,215,000 $226,802 $4,569 3.23%
COLORADO SPRINGS, CO 357 $96,495,000 $270,294 $5,379 3.16%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 277 $56,245,000 $203,051 $6,181 3.04%
OGDEN-CLEARFIELD, UT 168 $43,690,000 $260,060 $4,984 3.07%
SALT LAKE CITY, UT 162 $41,790,000 $257,963 $4,980 3.13%
PROVO-OREM, UT 144 $39,790,000 $276,319 $5,069 3.10%
URBAN HONOLULU, HI 81 $35,145,000 $433,889 $8,290 3.28%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 172 $34,780,000 $202,209 $5,289 3.09%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 149 $33,025,000 $221,644 $4,781 3.02%
SALEM, OR 134 $31,580,000 $235,672 $5,422 3.13%
DALLAS-PLANO-IRVING, TX 121 $29,655,000 $245,083 $6,162 3.14%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 130 $29,630,000 $227,923 $4,062 2.99%
LOS ANGELES-LONG BEACH-GLENDALE, CA 71 $25,195,000 $354,859 $6,251 3.11%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 77 $24,255,000 $315,000 $5,488 2.96%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 89 $23,685,000 $266,124 $4,690 3.04%
SAN ANTONIO-NEW BRAUNFELS, TX 106 $23,540,000 $222,075 $5,867 3.04%
COLUMBUS, OH 117 $22,615,000 $193,291 $4,670 3.12%
LAS VEGAS-HENDERSON-PARADISE, NV 90 $21,830,000 $242,556 $4,618 3.18%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 84 $21,170,000 $252,024 $4,797 3.04%
ORLANDO-KISSIMMEE-SANFORD, FL 81 $19,225,000 $237,346 $5,218 3.07%
RALEIGH-CARY, NC 79 $18,195,000 $230,316 $4,443 3.10%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 78 $16,090,000 $206,282 $5,433 3.17%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 78 $15,850,000 $203,205 $4,091 3.05%
COEUR D'ALENE, ID 58 $15,150,000 $261,207 $5,892 2.92%
BOISE CITY, ID 64 $14,930,000 $233,281 $6,460 3.16%
GRAND JUNCTION, CO 60 $13,910,000 $231,833 $4,370 3.10%
CINCINNATI, OH-KY-IN 72 $13,740,000 $190,833 $4,310 3.06%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 55 $13,145,000 $239,000 $6,527 3.02%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 41 $13,075,000 $318,902 $3,977 2.97%
OKLAHOMA CITY, OK 70 $12,740,000 $182,000 $4,572 3.06%
FRESNO, CA 52 $12,680,000 $243,846 $4,884 3.06%
CHARLESTON-NORTH CHARLESTON, SC 53 $12,625,000 $238,208 $5,045 3.20%
PUEBLO, CO 65 $12,595,000 $193,769 $5,144 3.31%
BAKERSFIELD, CA 54 $12,360,000 $228,889 $4,769 3.12%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 44 $12,220,000 $277,727 $4,761 3.06%
SEATTLE-BELLEVUE-KENT, WA 34 $11,880,000 $349,412 $5,859 3.10%
TUCSON, AZ 58 $11,690,000 $201,552 $4,196 3.05%
SPOKANE-SPOKANE VALLEY, WA 54 $11,680,000 $216,296 $4,219 3.17%
RICHMOND, VA 51 $11,655,000 $228,529 $4,696 2.87%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 43 $10,875,000 $252,907 $5,601 2.94%
MEMPHIS, TN-MS-AR 54 $10,390,000 $192,407 $4,369 3.05%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 31 $10,335,000 $333,387 $6,078 2.97%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 42 $10,210,000 $243,095 $4,670 3.08%
PITTSBURGH, PA 55 $9,975,000 $181,364 $4,958 3.01%
NORTH PORT-SARASOTA-BRADENTON, FL 43 $9,625,000 $223,837 $4,958 2.98%
PALM BAY-MELBOURNE-TITUSVILLE, FL 45 $9,555,000 $212,333 $4,476 2.99%
CAPE CORAL-FORT MYERS, FL 51 $9,535,000 $186,961 $4,923 3.19%
KANSAS CITY, MO-KS 51 $9,475,000 $185,784 $3,954 3.12%
GREENSBORO-HIGH POINT, NC 48 $9,380,000 $195,417 $5,143 2.99%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 39 $9,185,000 $235,513 $5,574 3.04%
IDAHO FALLS, ID 44 $9,180,000 $208,636 $5,423 3.12%
ST. GEORGE, UT 33 $8,775,000 $265,909 $4,670 3.02%
AUGUSTA-RICHMOND COUNTY, GA-SC 44 $8,690,000 $197,500 $4,433 3.05%
BALTIMORE-COLUMBIA-TOWSON, MD 34 $8,410,000 $247,353 $2,962 3.00%
CHEYENNE, WY 36 $8,300,000 $230,556 $5,702 2.96%
OMAHA-COUNCIL BLUFFS, NE-IA 41 $8,085,000 $197,195 $3,999 3.07%
STOCKTON, CA 25 $8,065,000 $322,600 $5,481 3.07%
ALBUQUERQUE, NM 41 $8,025,000 $195,732 $5,169 3.15%
PRESCOTT VALLEY-PRESCOTT, AZ 32 $7,890,000 $246,563 $5,132 3.13%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 25 $7,775,000 $311,000 $4,356 2.94%
INDIANAPOLIS-CARMEL-ANDERSON, IN 42 $7,570,000 $180,238 $4,325 3.20%
OAKLAND-BERKELEY-LIVERMORE, CA 20 $7,520,000 $376,000 $5,470 3.07%
ST. LOUIS, MO-IL 42 $7,410,000 $176,429 $4,220 2.88%
KENNEWICK-RICHLAND, WA 30 $7,380,000 $246,000 $4,594 3.00%
LONGVIEW, WA 32 $7,210,000 $225,313 $4,815 3.20%
ASHEVILLE, NC 31 $7,105,000 $229,194 $4,807 3.31%
JACKSONVILLE, FL 34 $7,090,000 $208,529 $5,163 2.94%
CLEVELAND-ELYRIA, OH 43 $7,015,000 $163,140 $4,703 3.12%
ANAHEIM-SANTA ANA-IRVINE, CA 20 $6,960,000 $348,000 $5,145 3.08%
TACOMA-LAKEWOOD, WA 24 $6,840,000 $285,000 $5,433 3.32%
NASSAU COUNTY-SUFFOLK COUNTY, NY 22 $6,740,000 $306,364 $6,145 3.18%
WICHITA, KS 42 $6,660,000 $158,571 $4,380 3.22%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 34 $6,490,000 $190,882 $5,244 2.97%
COLUMBIA, SC 36 $6,280,000 $174,444 $4,447 3.14%
NAPLES-MARCO ISLAND, FL 24 $6,200,000 $258,333 $6,541 3.09%
TULSA, OK 35 $6,005,000 $171,571 $5,302 3.07%
WARREN-TROY-FARMINGTON HILLS, MI 33 $5,935,000 $179,848 $4,272 2.94%
BEND, OR 24 $5,880,000 $245,000 $5,459 2.94%
ALBANY-LEBANON, OR 29 $5,865,000 $202,241 $4,662 3.05%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 24 $5,860,000 $244,167 $5,513 3.25%
MODESTO, CA 26 $5,830,000 $224,231 $4,286 3.01%
PROVIDENCE-WARWICK, RI-MA 26 $5,800,000 $223,077 $3,975 3.04%
LANCASTER, PA 28 $5,690,000 $203,214 $4,716 2.95%
BIRMINGHAM-HOOVER, AL 30 $5,680,000 $189,333 $3,796 3.14%
GRAND RAPIDS-KENTWOOD, MI 35 $5,645,000 $161,286 $4,243 3.27%
SAVANNAH, GA 27 $5,395,000 $199,815 $5,203 2.94%
MIAMI-MIAMI BEACH-KENDALL, FL 21 $5,365,000 $255,476 $5,621 3.21%
KNOXVILLE, TN 23 $5,195,000 $225,870 $4,352 2.98%
TALLAHASSEE, FL 26 $5,170,000 $198,846 $4,979 3.16%
NEWARK, NJ-PA 18 $5,150,000 $286,111 $7,549 2.78%
HUNTSVILLE, AL 22 $5,110,000 $232,273 $3,682 2.99%
HARRISBURG-CARLISLE, PA 28 $5,090,000 $181,786 $5,580 2.95%
RENO, NV 19 $5,045,000 $265,526 $5,804 3.26%
DURHAM-CHAPEL HILL, NC 24 $5,010,000 $208,750 $4,342 3.08%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 18 $4,990,000 $277,222 $5,599 2.78%
TOLEDO, OH 29 $4,925,000 $169,828 $4,546 3.02%
ROANOKE, VA 23 $4,845,000 $210,652 $4,687 3.30%
CHICAGO-NAPERVILLE-EVANSTON, IL 28 $4,840,000 $172,857 $4,206 3.18%
PHILADELPHIA, PA 19 $4,795,000 $252,368 $4,988 2.93%
WORCESTER, MA-CT 20 $4,640,000 $232,000 $4,562 2.90%
MADERA, CA 20 $4,580,000 $229,000 $4,292 3.29%
WINSTON-SALEM, NC 27 $4,545,000 $168,333 $3,441 3.18%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 20 $4,540,000 $227,000 $4,541 2.71%
YORK-HANOVER, PA 22 $4,490,000 $204,091 $5,556 3.07%
FORT WAYNE, IN 27 $4,455,000 $165,000 $3,881 3.08%
LAKE HAVASU CITY-KINGMAN, AZ 22 $4,340,000 $197,273 $4,781 3.15%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 15 $4,335,000 $289,000 $4,018 3.34%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 22 $4,330,000 $196,818 $4,689 3.12%
ANCHORAGE, AK 13 $4,275,000 $328,846 $6,440 3.12%
NEW ORLEANS-METAIRIE, LA 24 $4,270,000 $177,917 $4,972 3.31%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 26 $4,260,000 $163,846 $3,927 3.23%
SPRINGFIELD, MO 25 $4,255,000 $170,200 $3,506 3.12%
BOSTON, MA 17 $4,235,000 $249,118 $4,659 3.26%
CHATTANOOGA, TN-GA 20 $4,170,000 $208,500 $5,138 2.99%
EUGENE-SPRINGFIELD, OR 18 $4,140,000 $230,000 $5,664 3.24%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 14 $4,130,000 $295,000 $3,948 2.89%
LOGAN, UT-ID 18 $4,090,000 $227,222 $4,902 3.13%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 22 $4,070,000 $185,000 $4,247 3.06%
VISALIA, CA 17 $4,055,000 $238,529 $5,186 3.10%
HILTON HEAD ISLAND-BLUFFTON, SC 17 $4,025,000 $236,765 $4,536 3.24%
PORTLAND-SOUTH PORTLAND, ME 19 $3,815,000 $200,789 $4,131 2.87%
SAN LUIS OBISPO-PASO ROBLES, CA 10 $3,680,000 $368,000 $4,526 3.14%
LAKELAND-WINTER HAVEN, FL 20 $3,610,000 $180,500 $4,690 3.10%
PORT ST. LUCIE, FL 18 $3,600,000 $200,000 $5,167 3.31%
PENSACOLA-FERRY PASS-BRENT, FL 16 $3,530,000 $220,625 $5,267 3.45%
EL PASO, TX 23 $3,515,000 $152,826 $5,509 2.99%
ALBANY-SCHENECTADY-TROY, NY 15 $3,485,000 $232,333 $5,254 2.78%
NEW HAVEN-MILFORD, CT 16 $3,440,000 $215,000 $4,965 3.29%
MEDFORD, OR 15 $3,425,000 $228,333 $5,828 3.07%
OXNARD-THOUSAND OAKS-VENTURA, CA 10 $3,390,000 $339,000 $3,979 3.16%
BRIDGEPORT-STAMFORD-NORWALK, CT 13 $3,355,000 $258,077 $5,308 3.46%
CAMDEN, NJ 16 $3,310,000 $206,875 $4,925 2.93%
COLLEGE STATION-BRYAN, TX 16 $3,260,000 $203,750 $5,474 3.13%
NEW BRUNSWICK-LAKEWOOD, NJ 14 $3,260,000 $232,857 $4,464 3.01%
WACO, TX 17 $3,155,000 $185,588 $5,433 2.95%
SALISBURY, MD-DE 14 $3,130,000 $223,571 $5,412 3.15%
BATON ROUGE, LA 17 $3,125,000 $183,824 $4,419 3.13%
LINCOLN, NE 14 $3,100,000 $221,429 $5,162 3.28%
BELLINGHAM, WA 11 $3,095,000 $281,364 $4,411 2.95%
PANAMA CITY, FL 12 $3,080,000 $256,667 $5,115 3.01%
WILMINGTON, NC 15 $3,055,000 $203,667 $5,379 3.17%
FAYETTEVILLE, NC 18 $3,040,000 $168,889 $4,461 3.26%
SEBASTIAN-VERO BEACH, FL 15 $2,905,000 $193,667 $5,837 2.94%
LAFAYETTE, LA 18 $2,880,000 $160,000 $4,809 2.89%
STAUNTON, VA 14 $2,850,000 $203,571 $4,080 3.01%
GREENVILLE-ANDERSON, SC 15 $2,795,000 $186,333 $5,294 3.03%
HAGERSTOWN-MARTINSBURG, MD-WV 12 $2,750,000 $229,167 $4,959 2.82%
BILLINGS, MT 13 $2,745,000 $211,154 $5,160 2.80%
CORPUS CHRISTI, TX 15 $2,735,000 $182,333 $5,462 3.29%
OLYMPIA-LACEY-TUMWATER, WA 9 $2,725,000 $302,778 $3,250 3.01%
TYLER, TX 17 $2,675,000 $157,353 $4,992 3.10%
ABILENE, TX 14 $2,640,000 $188,571 $5,436 2.96%
LEXINGTON-FAYETTE, KY 14 $2,610,000 $186,429 $4,327 2.96%
READING, PA 17 $2,595,000 $152,647 $5,173 3.13%
LYNCHBURG, VA 13 $2,595,000 $199,615 $5,514 2.89%
FLAGSTAFF, AZ 9 $2,565,000 $285,000 $4,871 3.04%
WILMINGTON, DE-MD-NJ 12 $2,560,000 $213,333 $4,659 2.94%
MOBILE, AL 14 $2,510,000 $179,286 $4,311 3.10%
DES MOINES-WEST DES MOINES, IA 17 $2,495,000 $146,765 $4,393 3.41%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 11 $2,455,000 $223,182 $3,983 2.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 10 $2,450,000 $245,000 $4,676 2.94%
SPRINGFIELD, MA 13 $2,435,000 $187,308 $3,805 3.12%
JACKSONVILLE, NC 11 $2,435,000 $221,364 $4,771 3.06%
MANCHESTER-NASHUA, NH 10 $2,420,000 $242,000 $4,452 2.90%
FARMINGTON, NM 12 $2,420,000 $201,667 $5,168 3.22%
STATE COLLEGE, PA 11 $2,405,000 $218,636 $5,100 2.82%
DAPHNE-FAIRHOPE-FOLEY, AL 12 $2,360,000 $196,667 $4,850 3.01%
LAS CRUCES, NM 12 $2,360,000 $196,667 $4,530 3.11%
VALLEJO, CA 7 $2,345,000 $335,000 $5,909 3.32%
SYRACUSE, NY 17 $2,315,000 $136,176 $4,676 3.21%
MERCED, CA 11 $2,315,000 $210,455 $4,786 3.36%
GULFPORT-BILOXI, MS 12 $2,300,000 $191,667 $6,035 2.75%
SANTA FE, NM 8 $2,300,000 $287,500 $5,118 2.95%
COLUMBUS, GA-AL 13 $2,295,000 $176,538 $4,523 3.09%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 7 $2,255,000 $322,143 $4,373 2.95%
Outside of Metro Areas 8 $2,200,000 $275,000 $5,977 3.31%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 8 $2,150,000 $268,750 $6,084 2.92%
SALINAS, CA 8 $2,110,000 $263,750 $5,128 3.27%
FLORENCE, SC 9 $2,085,000 $231,667 $5,611 3.29%
DAYTON-KETTERING, OH 12 $2,080,000 $173,333 $4,359 3.17%
MILWAUKEE-WAUKESHA, WI 11 $2,035,000 $185,000 $3,917 3.22%
PUNTA GORDA, FL 8 $1,980,000 $247,500 $7,875 3.41%
BURLINGTON, NC 12 $1,960,000 $163,333 $3,406 3.18%
AKRON, OH 10 $1,950,000 $195,000 $4,887 3.01%
KILLEEN-TEMPLE, TX 8 $1,860,000 $232,500 $5,619 3.25%
DOVER, DE 11 $1,795,000 $163,182 $5,162 3.06%
CASPER, WY 7 $1,765,000 $252,143 $5,370 2.95%
HOMOSASSA SPRINGS, FL 10 $1,730,000 $173,000 $4,884 2.90%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 9 $1,725,000 $191,667 $4,187 3.42%
KINGSPORT-BRISTOL, TN-VA 11 $1,705,000 $155,000 $4,044 3.05%
POCATELLO, ID 11 $1,695,000 $154,091 $4,962 3.10%
SANTA ROSA-PETALUMA, CA 6 $1,690,000 $281,667 $3,942 3.04%
LONGVIEW, TX 9 $1,685,000 $187,222 $5,239 2.94%
CORVALLIS, OR 5 $1,675,000 $335,000 $5,049 2.83%
MISSOULA, MT 5 $1,675,000 $335,000 $2,288 3.10%
SIERRA VISTA-DOUGLAS, AZ 8 $1,640,000 $205,000 $5,561 3.08%
SANTA CRUZ-WATSONVILLE, CA 4 $1,630,000 $407,500 $5,953 2.78%
OCALA, FL 10 $1,620,000 $162,000 $5,134 3.50%
YAKIMA, WA 7 $1,595,000 $227,857 $4,512 3.05%
TOPEKA, KS 9 $1,585,000 $176,111 $3,672 3.17%
SIOUX FALLS, SD 9 $1,565,000 $173,889 $4,387 3.35%
CANTON-MASSILLON, OH 12 $1,530,000 $127,500 $4,385 3.36%
EVANSVILLE, IN-KY 9 $1,525,000 $169,444 $4,691 2.89%
THE VILLAGES, FL 8 $1,500,000 $187,500 $4,288 3.05%
AUBURN-OPELIKA, AL 9 $1,495,000 $166,111 $3,971 3.24%
SANTA MARIA-SANTA BARBARA, CA 5 $1,475,000 $295,000 $4,119 3.43%
CLARKSVILLE, TN-KY 7 $1,465,000 $209,286 $4,796 3.32%
ROCHESTER, NY 8 $1,450,000 $181,250 $5,742 3.02%
COLUMBIA, MO 9 $1,435,000 $159,444 $4,460 3.36%
HICKORY-LENOIR-MORGANTON, NC 8 $1,410,000 $176,250 $6,324 3.11%
MONROE, MI 7 $1,405,000 $200,714 $4,760 3.30%
CHARLOTTESVILLE, VA 6 $1,400,000 $233,333 $5,189 3.17%
ATHENS-CLARKE COUNTY, GA 6 $1,390,000 $231,667 $4,460 3.04%
GAINESVILLE, FL 8 $1,390,000 $173,750 $5,196 3.19%
CHAMBERSBURG-WAYNESBORO, PA 7 $1,385,000 $197,857 $6,602 2.61%
LUBBOCK, TX 8 $1,360,000 $170,000 $6,233 3.16%
WAUSAU-WESTON, WI 9 $1,345,000 $149,444 $3,858 3.08%
JACKSON, MS 7 $1,335,000 $190,714 $3,902 3.48%
SAN ANGELO, TX 5 $1,335,000 $267,000 $6,155 2.83%
BANGOR, ME 9 $1,315,000 $146,111 $3,855 3.44%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 5 $1,315,000 $263,000 $6,283 3.03%
ANN ARBOR, MI 7 $1,305,000 $186,429 $3,956 3.27%
SOUTH BEND-MISHAWAKA, IN-MI 9 $1,305,000 $145,000 $4,745 3.26%
MIDLAND, TX 6 $1,300,000 $216,667 $7,226 3.48%
REDDING, CA 7 $1,285,000 $183,571 $4,419 2.95%
NEW BERN, NC 8 $1,280,000 $160,000 $4,080 3.14%
YUMA, AZ 6 $1,260,000 $210,000 $4,923 2.96%
FORT SMITH, AR-OK 7 $1,255,000 $179,286 $3,210 2.88%
JEFFERSON CITY, MO 5 $1,255,000 $251,000 $4,653 3.05%
GETTYSBURG, PA 7 $1,235,000 $176,429 $5,869 3.02%
GREEN BAY, WI 8 $1,230,000 $153,750 $4,504 3.27%
WENATCHEE, WA 4 $1,180,000 $295,000 $4,101 2.88%
DULUTH, MN-WI 5 $1,175,000 $235,000 $4,555 3.05%
GARY, IN 7 $1,145,000 $163,571 $4,958 3.09%
SHREVEPORT-BOSSIER CITY, LA 4 $1,140,000 $285,000 $8,590 3.25%
APPLETON, WI 6 $1,130,000 $188,333 $4,634 3.31%
HANFORD-CORCORAN, CA 5 $1,115,000 $223,000 $4,303 2.65%
GOLDSBORO, NC 6 $1,080,000 $180,000 $4,100 2.83%
LAFAYETTE-WEST LAFAYETTE, IN 5 $1,065,000 $213,000 $3,879 3.08%
JONESBORO, AR 6 $1,050,000 $175,000 $5,514 3.06%
AMARILLO, TX 6 $1,050,000 $175,000 $4,424 2.73%
CAPE GIRARDEAU, MO-IL 5 $1,025,000 $205,000 $3,948 2.80%
BUFFALO-CHEEKTOWAGA, NY 8 $1,010,000 $126,250 $3,584 3.17%
SPARTANBURG, SC 7 $1,005,000 $143,571 $4,242 3.25%
LANSING-EAST LANSING, MI 7 $1,005,000 $143,571 $3,907 3.46%
LEBANON, PA 6 $1,000,000 $166,667 $5,201 2.77%
CHICO, CA 5 $995,000 $199,000 $5,076 3.38%
HUNTINGTON-ASHLAND, WV-KY-OH 8 $980,000 $122,500 $4,163 3.11%
BEAUMONT-PORT ARTHUR, TX 6 $980,000 $163,333 $6,848 2.96%
EAU CLAIRE, WI 6 $970,000 $161,667 $3,277 3.02%
BROWNSVILLE-HARLINGEN, TX 2 $970,000 $485,000 $7,621 2.75%
OCEAN CITY, NJ 4 $970,000 $242,500 $5,320 3.25%
BLOOMINGTON, IL 6 $970,000 $161,667 $3,483 3.02%
KINGSTON, NY 4 $970,000 $242,500 $6,503 2.88%
WALLA WALLA, WA 5 $965,000 $193,000 $3,484 2.60%
JOHNSON CITY, TN 7 $955,000 $136,429 $3,285 3.48%
FARGO, ND-MN 4 $950,000 $237,500 $3,247 2.78%
DOTHAN, AL 6 $950,000 $158,333 $3,084 2.83%
CEDAR RAPIDS, IA 5 $945,000 $189,000 $4,930 3.08%
EL CENTRO, CA 5 $935,000 $187,000 $4,390 3.30%
TUSCALOOSA, AL 5 $925,000 $185,000 $3,836 3.08%
MONROE, LA 6 $890,000 $148,333 $4,850 3.19%
MADISON, WI 5 $885,000 $177,000 $3,231 2.93%
ELIZABETHTOWN-FORT KNOX, KY 3 $885,000 $295,000 $4,751 2.96%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 5 $885,000 $177,000 $2,974 2.58%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 6 $870,000 $145,000 $4,878 3.48%
MONTGOMERY, AL 5 $855,000 $171,000 $3,605 3.25%
ELGIN, IL 5 $845,000 $169,000 $3,842 3.20%
DUBUQUE, IA 3 $805,000 $268,333 $3,713 3.04%
PEORIA, IL 7 $795,000 $113,571 $4,250 3.68%
FAIRBANKS, AK 3 $795,000 $265,000 $3,217 2.42%
HOUMA-THIBODAUX, LA 4 $790,000 $197,500 $5,121 3.31%
GREENVILLE, NC 5 $785,000 $157,000 $3,849 3.10%
DETROIT-DEARBORN-LIVONIA, MI 5 $785,000 $157,000 $2,801 3.05%
TWIN FALLS, ID 4 $780,000 $195,000 $4,743 3.13%
OSHKOSH-NEENAH, WI 4 $780,000 $195,000 $3,373 2.94%
WINCHESTER, VA-WV 4 $780,000 $195,000 $2,497 2.66%
HARRISONBURG, VA 5 $755,000 $151,000 $3,778 3.33%
ROCKFORD, IL 4 $750,000 $187,500 $5,826 2.94%
LEWISTON-AUBURN, ME 5 $745,000 $149,000 $4,027 3.13%
MORRISTOWN, TN 3 $735,000 $245,000 $4,061 2.92%
OWENSBORO, KY 4 $730,000 $182,500 $4,212 3.50%
WATERLOO-CEDAR FALLS, IA 4 $720,000 $180,000 $3,613 2.91%
DECATUR, AL 5 $715,000 $143,000 $2,483 2.75%
SHERMAN-DENISON, TX 4 $690,000 $172,500 $4,477 3.84%
BLACKSBURG-CHRISTIANSBURG, VA 4 $690,000 $172,500 $4,788 3.19%
WHEELING, WV-OH 4 $680,000 $170,000 $5,012 3.38%
LAWRENCE, KS 3 $675,000 $225,000 $5,593 3.33%
HAMMOND, LA 3 $675,000 $225,000 $4,654 3.21%
NAPA, CA 2 $660,000 $330,000 $6,122 3.56%
KALAMAZOO-PORTAGE, MI 3 $645,000 $215,000 $3,641 2.75%
TEXARKANA, TX-AR 6 $640,000 $106,667 $4,418 3.44%
BARNSTABLE TOWN, MA 2 $630,000 $315,000 $3,266 3.00%
GRANTS PASS, OR 4 $620,000 $155,000 $4,827 3.28%
MCALLEN-EDINBURG-MISSION, TX 4 $610,000 $152,500 $4,725 2.84%
YUBA CITY, CA 3 $585,000 $195,000 $5,530 3.58%
JACKSON, MI 4 $580,000 $145,000 $3,184 3.31%
GLENS FALLS, NY 4 $570,000 $142,500 $3,818 3.25%
ELKHART-GOSHEN, IN 4 $550,000 $137,500 $3,697 3.00%
MANSFIELD, OH 4 $540,000 $135,000 $4,588 2.84%
UTICA-ROME, NY 5 $535,000 $107,000 $3,663 2.73%
VICTORIA, TX 3 $525,000 $175,000 $6,552 2.92%
FLINT, MI 3 $525,000 $175,000 $4,838 3.00%
BRUNSWICK, GA 4 $520,000 $130,000 $4,703 3.56%
LEWISTON, ID-WA 3 $515,000 $171,667 $5,177 2.96%
MACON-BIBB COUNTY, GA 4 $510,000 $127,500 $4,295 3.72%
MIDLAND, MI 3 $505,000 $168,333 $5,209 3.58%
GRAND ISLAND, NE 2 $500,000 $250,000 $8,035 2.63%
ERIE, PA 4 $500,000 $125,000 $4,546 3.09%
WARNER ROBINS, GA 3 $495,000 $165,000 $2,475 2.58%
TRENTON-PRINCETON, NJ 2 $480,000 $240,000 $3,402 3.00%
LA CROSSE-ONALASKA, WI-MN 3 $465,000 $155,000 $3,724 3.21%
RAPID CITY, SD 2 $460,000 $230,000 $3,796 2.63%
LIMA, OH 3 $455,000 $151,667 $4,888 3.38%
MUSKEGON, MI 5 $455,000 $91,000 $3,569 3.35%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 1 $445,000 $445,000 $5,591 2.50%
CALIFORNIA-LEXINGTON PARK, MD 1 $435,000 $435,000 $3,293 2.75%
NILES, MI 3 $435,000 $145,000 $2,944 3.21%
WILLIAMSPORT, PA 3 $415,000 $138,333 $4,853 3.38%
JOPLIN, MO 4 $410,000 $102,500 $3,469 3.75%
BINGHAMTON, NY 4 $410,000 $102,500 $4,816 3.69%
CUMBERLAND, MD-WV 3 $405,000 $135,000 $2,863 3.00%
JACKSON, TN 3 $405,000 $135,000 $3,364 2.88%
ROCHESTER, MN 2 $400,000 $200,000 $3,988 2.63%
JANESVILLE-BELOIT, WI 2 $400,000 $200,000 $5,646 3.56%
SPRINGFIELD, OH 4 $400,000 $100,000 $4,309 3.34%
BLOOMSBURG-BERWICK, PA 2 $380,000 $190,000 $7,938 3.13%
ROCKY MOUNT, NC 2 $370,000 $185,000 $6,049 2.63%
COLUMBUS, IN 2 $370,000 $185,000 $3,379 3.43%
SHEBOYGAN, WI 1 $355,000 $355,000 $2,015 2.25%
SCRANTON--WILKES-BARRE, PA 2 $350,000 $175,000 $8,497 3.00%
WEIRTON-STEUBENVILLE, WV-OH 2 $330,000 $165,000 $5,162 3.31%
MORGANTOWN, WV 2 $330,000 $165,000 $2,656 3.56%
ATLANTIC CITY-HAMMONTON, NJ 2 $320,000 $160,000 $2,293 3.25%
TERRE HAUTE, IN 2 $320,000 $160,000 $4,548 2.88%
KAHULUI-WAILUKU-LAHAINA, HI 1 $315,000 $315,000 $6,701 2.75%
GADSDEN, AL 2 $310,000 $155,000 $5,454 3.19%
HOT SPRINGS, AR 2 $310,000 $155,000 $3,087 2.81%
VINELAND-BRIDGETON, NJ 2 $310,000 $155,000 $4,754 2.88%
DALTON, GA 1 $305,000 $305,000 $11,613 2.25%
MANHATTAN, KS 2 $290,000 $145,000 $2,024 2.88%
BOWLING GREEN, KY 2 $290,000 $145,000 $3,986 3.13%
PARKERSBURG-VIENNA, WV 2 $260,000 $130,000 $3,279 2.87%
CARSON CITY, NV 2 $260,000 $130,000 $3,445 2.75%
ANNISTON-OXFORD, AL 2 $260,000 $130,000 $3,293 3.13%
GREAT FALLS, MT 2 $250,000 $125,000 $3,363 3.38%
SAGINAW, MI 2 $250,000 $125,000 $4,338 3.56%
GRAND FORKS, ND-MN 1 $245,000 $245,000 $9,991 2.50%
IOWA CITY, IA 1 $245,000 $245,000 $2,470 2.63%
VALDOSTA, GA 2 $240,000 $120,000 $4,836 3.63%
FLORENCE-MUSCLE SHOALS, AL 1 $235,000 $235,000 $4,871 2.88%
JOHNSTOWN, PA 3 $235,000 $78,333 $4,190 2.67%
RACINE, WI 2 $230,000 $115,000 $3,786 3.00%
CLEVELAND, TN 2 $230,000 $115,000 $4,054 3.19%
BISMARCK, ND 1 $225,000 $225,000 $9,595 2.50%
BURLINGTON-SOUTH BURLINGTON, VT 1 $225,000 $225,000 $4,607 4.13%
DECATUR, IL 1 $225,000 $225,000 $5,586 3.13%
ST. CLOUD, MN 2 $220,000 $110,000 $3,402 3.94%
ELMIRA, NY 1 $205,000 $205,000 $3,291 2.38%
HATTIESBURG, MS 2 $200,000 $100,000 $2,525 3.19%
EAST STROUDSBURG, PA 1 $195,000 $195,000 $3,952 2.75%
FOND DU LAC, WI 1 $185,000 $185,000 $4,250 2.75%
MUNCIE, IN 2 $170,000 $85,000 $6,216 3.06%
BATTLE CREEK, MI 2 $160,000 $80,000 $2,798 3.50%
ALEXANDRIA, LA 1 $155,000 $155,000 $3,510 2.50%
SPRINGFIELD, IL 1 $155,000 $155,000 $2,697 2.88%
PITTSFIELD, MA 1 $155,000 $155,000 $4,948 3.63%
ODESSA, TX 1 $145,000 $145,000 $7,038 3.88%
CHAMPAIGN-URBANA, IL 1 $145,000 $145,000 $4,861 3.00%
SUMTER, SC 1 $135,000 $135,000 $2,813 2.88%
SEBRING-AVON PARK, FL 1 $125,000 $125,000 $2,029 3.25%
PINE BLUFF, AR 1 $85,000 $85,000 $5,133 4.88%
MICHIGAN CITY-LA PORTE, IN 1 $75,000 $75,000 $2,753 2.75%

American Financing Corporation's top markets include Denver, Greeley, Fort Collins, Portland, and Boulder among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 10,795 $2,797,295,000 $259,129
2.5-3% 9,389 $2,460,825,000 $262,097
<2.5% 3,234 $879,920,000 $272,084
4-5% 1,206 $315,940,000 $261,973
5-6% 50 $15,420,000 $308,400
6-7% 13 $4,275,000 $328,846
Over 8% 1 $275,000 $275,000

During 2020, American Financing Corporation's average interest rate was 3.21%, while their most frequently originated rate bucket was 3-4%, with 10,795 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 14,139 $4,039,055,000 $285,668 $5,478 3.12%
$100k-200k 6,817 $1,066,375,000 $156,429 $4,137 3.11%
$400k-600k 2,750 $1,259,090,000 $457,851 $6,846 3.11%
$100,000 or less 939 $72,115,000 $76,800 $3,691 3.38%
$600k-1MM 56 $37,700,000 $673,214 $11,902 3.45%
$1MM+ 2 $3,910,000 $1,955,000 $15,039 6.01%

2020 saw American Financing Corporation place emphasis on $200k-400k loans with 14,139 originations, totaling $4,039,055,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 6,031 $1,351,525,000 $224,096 $5,259 3.19%
$100k-150k 5,602 $1,662,650,000 $296,796 $5,535 3.12%
$50k or less 5,075 $1,117,745,000 $220,245 $4,261 3.05%
$75k-100k 4,986 $1,307,610,000 $262,256 $5,567 3.17%
$150k-250k 2,560 $868,900,000 $339,414 $5,508 3.09%
$250k+ 435 $165,715,000 $380,954 $5,435 3.11%

American Financing Corporation lent most frequently to those with incomes in the $50k-75k range, with 6,031 originations. The second most popular income band? $100k-150k, with 5,602 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 5,605 $1,392,985,000 $248,525 $4,725 3.06%
30-36% 4,186 $1,089,560,000 $260,287 $5,105 3.14%
<20% 4,117 $1,091,685,000 $265,165 $4,037 2.91%
44% 1,100 $294,360,000 $267,600 $5,488 3.35%
43% 873 $235,285,000 $269,513 $5,475 3.25%
50-60% 838 $247,600,000 $295,465 $9,948 3.27%
41% 812 $206,420,000 $254,212 $5,548 3.23%
42% 809 $211,315,000 $261,205 $5,465 3.27%
39% 794 $208,970,000 $263,186 $5,401 3.22%
38% 781 $210,625,000 $269,686 $5,583 3.21%
40% 747 $199,005,000 $266,406 $5,423 3.26%
36% 726 $188,040,000 $259,008 $4,963 3.19%
37% 723 $188,305,000 $260,450 $5,411 3.16%
49% 588 $166,290,000 $282,806 $6,350 3.22%
45% 554 $148,980,000 $268,917 $5,857 3.23%
48% 472 $127,280,000 $269,661 $5,956 3.23%
46% 467 $124,705,000 $267,034 $5,891 3.22%
47% 467 $132,365,000 $283,437 $6,390 3.24%
>60% 16 $6,420,000 $401,250 $12,598 2.87%

American Financing Corporation lent most frequently to those with DTI ratios of 20-30%, with 5,605 originations. The next most common DTI ratio? 30-36%, with 4,186 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 21,901 $5,716,655,000 $261,023 $5,197 3.14%
Not provided 1,490 $388,300,000 $260,604 $4,879 2.90%
Black 552 $148,790,000 $269,547 $5,759 3.16%
Asian 467 $143,275,000 $306,799 $5,482 3.09%
American Indian 215 $55,715,000 $259,140 $6,108 3.19%
Native Hawaiian 78 $25,510,000 $327,051 $6,450 3.24%

Approval Rates

Total approvals of all applications
74.03%

American Financing Corporation has a below average approval rate.

Pick Rate

Approvals leading to origination
-42.48%

American Financing Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 24,703 $6,478,245,000 $262,245

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 117 $23,715,000 $202,692
Single Family (1-4 Units):Site-Built 24,586 $6,454,530,000 $262,529

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,867 $313,675,000 $168,010 $3,770 2.97%
40-60% 5,830 $1,321,270,000 $226,633 $4,145 3.00%
60-80% 10,350 $2,852,900,000 $275,643 $5,038 3.20%
80-100% 6,411 $1,941,095,000 $302,776 $6,813 3.18%
Over 100% 73 $26,065,000 $357,055 $13,843 2.89%
Under 20% 151 $16,685,000 $110,497 $3,497 3.18%