American Financing Corporation Mortgage Rates, Fees & Info
Aurora, COLEI: 549300ALNLUNS3Y53T24
Tax ID: 84-1594306
2020 Data | 2019 Data | 2018 Data
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Mortgage 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
24,703Origination Dollar Volume (All Markets)
$6,478,245,000Relative 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 applications74.03%
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% |