American Portfolio Mortgage Corporation Rates, Fees & Info

CARSON CITY, NV

LEI: 549300BBKMRS6J0CB539

Tax ID: 36-4078960

4.8 stars - out of 5 stars, based on 55 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

American Portfolio Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Refi loans. American Portfolio Mortgage 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 Chicago, Minneapolis, St. Louis, Lansing, and The Villages among others. American Portfolio Mortgage Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. American Portfolio Mortgage Corporation is typically an average fee lendor.


Originations

3,035

Origination Dollar Volume (All Markets)

$680,685,000
Show all (9) awards

Relative Rate

American Portfolio Mortgage Corporation's average 30 year fixed rate mortgage of loans were 3.09%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.06%.

Relative Fees

American Portfolio Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $5,138.

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 $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2,006 $448,700,000 $223,679 $5,176 3.05%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 128 $34,670,000 $270,859 $4,818 2.89%
ST. LOUIS, MO-IL (FHA|USDA|VA) 152 $28,370,000 $186,645 $3,372 2.92%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 136 $24,410,000 $179,485 $3,711 3.11%
THE VILLAGES, FL (FHA|USDA|VA) 75 $19,155,000 $255,400 $4,132 3.12%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 35 $8,435,000 $241,000 $5,140 3.08%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 40 $7,380,000 $184,500 $4,150 3.19%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 20 $7,320,000 $366,000 $2,696 2.49%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 16 $6,980,000 $436,250 $4,414 2.61%
Faribault-Northfield, MN (FHA|USDA|VA) 28 $6,410,000 $228,929 $4,913 2.98%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 41 $5,945,000 $145,000 $3,447 3.07%
Outside of Metro Areas 26 $4,860,000 $186,923 $3,544 3.06%
OCALA, FL (FHA|USDA|VA) 19 $3,735,000 $196,579 $4,304 3.08%
ROCKFORD, IL (FHA|USDA|VA) 19 $3,715,000 $195,526 $5,327 3.06%
Whitewater, WI (FHA|USDA|VA) 11 $2,485,000 $225,909 $2,839 3.07%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 10 $2,410,000 $241,000 $6,683 3.33%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 12 $2,330,000 $194,167 $3,160 3.03%
RACINE, WI (FHA|USDA|VA) 11 $2,295,000 $208,636 $5,562 2.75%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $2,275,000 $325,000 $3,793 3.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $2,220,000 $370,000 $5,636 3.15%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $2,120,000 $530,000 $7,673 2.59%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $1,970,000 $328,333 $3,635 2.52%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 9 $1,895,000 $210,556 $5,601 3.03%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $1,665,000 $185,000 $3,430 2.85%
KANKAKEE, IL (FHA|USDA|VA) 8 $1,640,000 $205,000 $5,671 2.89%
Owatonna, MN (FHA|USDA|VA) 9 $1,615,000 $179,444 $4,608 3.17%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $12,188 3.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,405,000 $281,000 $4,406 2.38%
Mount Vernon, IL (FHA|USDA|VA) 12 $1,350,000 $112,500 $3,387 3.01%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $1,305,000 $261,000 $4,365 2.78%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 7 $1,295,000 $185,000 $3,928 3.20%
TUCSON, AZ (FHA|USDA|VA) 6 $1,270,000 $211,667 $6,518 3.48%
Ottawa, IL (FHA|USDA|VA) 6 $1,260,000 $210,000 $4,377 3.13%
BOISE CITY, ID (FHA|USDA|VA) 1 $1,235,000 $1,235,000 $9,069 2.88%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,210,000 $302,500 $3,686 2.94%
New Philadelphia-Dover, OH (FHA|USDA|VA) 8 $1,190,000 $148,750 $5,719 2.83%
BLOOMINGTON, IL (FHA|USDA|VA) 3 $1,115,000 $371,667 $3,585 3.04%
JACKSON, MI (FHA|USDA|VA) 6 $1,100,000 $183,333 $2,643 2.92%
KNOXVILLE, TN (FHA|USDA|VA) 3 $1,025,000 $341,667 $4,163 3.33%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,000,000 $250,000 $5,151 3.31%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $895,000 $298,333 $2,189 2.25%
CANTON-MASSILLON, OH (FHA|USDA|VA) 6 $880,000 $146,667 $5,131 2.63%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $815,000 $271,667 $2,265 3.17%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $810,000 $405,000 $3,704 3.44%
MADISON, WI (FHA|USDA|VA) 4 $810,000 $202,500 $4,128 3.19%
Beaver Dam, WI (FHA|USDA|VA) 3 $765,000 $255,000 $4,870 3.42%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $740,000 $370,000 $4,715 3.56%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $735,000 $245,000 $4,242 3.21%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $725,000 $241,667 $2,979 3.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $685,000 $228,333 $5,397 2.79%
Red Wing, MN (FHA|USDA|VA) 2 $660,000 $330,000 $6,094 2.81%
MANKATO, MN (FHA|USDA|VA) 3 $645,000 $215,000 $3,595 3.00%
ROCHESTER, MN (FHA|USDA|VA) 2 $630,000 $315,000 $7,136 2.94%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $600,000 $300,000 $3,654 3.13%
Fergus Falls, MN (FHA|USDA|VA) 1 $545,000 $545,000 $4,300 3.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $545,000 $181,667 $4,541 2.63%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $535,000 $535,000 $6,138 3.50%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $525,000 $525,000 $1,494 2.63%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $510,000 $255,000 $4,476 2.69%
DULUTH, MN-WI (FHA|USDA|VA) 2 $510,000 $255,000 $2,963 2.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $500,000 $250,000 $5,821 3.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $500,000 $250,000 $4,758 2.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $485,000 $485,000 $3,468 2.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $470,000 $235,000 $4,649 2.88%
FLINT, MI (FHA|USDA|VA) 2 $470,000 $235,000 $7,035 2.81%
Marquette, MI (FHA|USDA|VA) 2 $460,000 $230,000 $7,922 3.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $460,000 $230,000 $3,660 3.50%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 3 $435,000 $145,000 $4,736 3.21%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $405,000 $405,000 $2,903 3.25%
RENO, NV (FHA|USDA|VA) 1 $405,000 $405,000 $1,029 2.75%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $395,000 $395,000 $2,627 3.13%
WILMINGTON, NC (FHA|USDA|VA) 2 $390,000 $195,000 $2,494 3.06%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $380,000 $190,000 $2,571 3.25%
ASHEVILLE, NC (FHA|USDA|VA) 1 $335,000 $335,000 $2,717 2.88%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $325,000 $325,000 $9,121 2.00%
Brainerd, MN (FHA|USDA|VA) 2 $310,000 $155,000 $3,382 3.00%
PEORIA, IL (FHA|USDA|VA) 1 $295,000 $295,000 $1,271 2.75%
IOWA CITY, IA (FHA|USDA|VA) 1 $295,000 $295,000 $1,666 3.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,908 3.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $285,000 $285,000 $4,542 3.25%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $285,000 $285,000 $9,958 3.75%
ST. CLOUD, MN (FHA|USDA|VA) 1 $275,000 $275,000 $2,815 3.13%
Adrian, MI (FHA|USDA|VA) 1 $255,000 $255,000 $2,935 3.88%
Quincy, IL-MO (FHA|USDA|VA) 1 $255,000 $255,000 $4,144 3.13%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $255,000 $255,000 $3,814 2.38%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $250,000 $125,000 $2,474 3.13%
Hillsdale, MI (FHA|USDA|VA) 1 $235,000 $235,000 $3,012 2.75%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $235,000 $235,000 $1,863 2.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $3,921 3.13%
FORT WAYNE, IN (FHA|USDA|VA) 1 $225,000 $225,000 $2,858 2.88%
Cookeville, TN (FHA|USDA|VA) 1 $225,000 $225,000 $7,581 2.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,929 3.13%
Greeneville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $8,694 3.75%
GREELEY, CO (FHA|USDA|VA) 1 $215,000 $215,000 $3,456 2.63%
MUSKEGON, MI (FHA|USDA|VA) 1 $215,000 $215,000 $1,772 2.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,226 2.25%
GAINESVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,168 3.00%
VALLEJO, CA (FHA|USDA|VA) 1 $195,000 $195,000 $3,160 3.25%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $190,000 $95,000 $3,528 3.56%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $185,000 $185,000 $5,713 2.88%
ANN ARBOR, MI (FHA|USDA|VA) 1 $185,000 $185,000 $1,995 3.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,671 3.25%
SPARTANBURG, SC (FHA|USDA|VA) 1 $185,000 $185,000 $3,637 3.88%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $175,000 $175,000 $6,263 2.75%
Menomonie, WI (FHA|USDA|VA) 1 $165,000 $165,000 $5,529 2.38%
Freeport, IL (FHA|USDA|VA) 1 $165,000 $165,000 $3,874 3.38%
Rochelle, IL (FHA|USDA|VA) 1 $155,000 $155,000 $4,788 2.75%
Payson, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $4,179 3.38%
Coshocton, OH (FHA|USDA|VA) 1 $145,000 $145,000 $6,635 2.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,106 3.38%
Austin, MN (FHA|USDA|VA) 1 $135,000 $135,000 $3,521 3.63%
Dixon, IL (FHA|USDA|VA) 1 $115,000 $115,000 $6,815 3.38%
Crossville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $3,221 3.38%
COLUMBIA, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,067 3.25%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,858 3.25%
NILES, MI (FHA|USDA|VA) 1 $95,000 $95,000 $3,053 3.38%
Centralia, IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,389 2.75%

American Portfolio Mortgage Corporation's top markets include Chicago, Minneapolis, St. Louis, Lansing, and The Villages among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,153 $473,335,000 $219,849 $3,930 3.11%
FHA 624 $131,770,000 $211,170 $7,929 2.97%
VA 231 $70,355,000 $304,567 $4,774 2.58%
USDA 27 $5,225,000 $193,519 $5,181 2.72%

For the 2021 period, American Portfolio Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 2,153 originations. Their 2nd most popular type is FHA, with 624 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,760 $403,590,000 $229,313 $6,021 3.11%
Refi 1,275 $277,095,000 $217,329 $3,178 2.93%

For the 2021, American Portfolio Mortgage Corporation's most frequently cited loan purpose of loans were Home Purchase, with 1,760 originations. The 2nd most popular reason of loans were Refi, with 1,275 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,602 $599,860,000 $230,538 $5,138 3.09%
15 Year 279 $50,255,000 $180,125 $2,932 2.62%
20 Year 100 $20,860,000 $208,600 $3,055 2.96%
10 Year 29 $4,215,000 $145,345 $2,793 2.42%
Other 25 $5,495,000 $219,800 $3,259 3.00%

For the 2021, American Portfolio Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 2,602 originations. The 2nd most popular length of loans were 15 Year, with 279 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 2,134 $456,830,000 $214,072
$<1k 477 $111,755,000 $234,287
$2k-3k 256 $60,980,000 $238,203
$3k-4k 129 $38,335,000 $297,171
$5k+ 34 $11,760,000 $345,882

$5,138 of loans were American Portfolio Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,134 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,386 $307,950,000 $222,186
2.5-3% 1,220 $274,820,000 $225,262
<2.5% 381 $88,895,000 $233,320
4-5% 48 $9,020,000 $187,917

During 2021, American Portfolio Mortgage Corporation's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 3-4%, with 1,386 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,374 $373,080,000 $271,528 $5,427 3.02%
$100k-200k 1,220 $186,450,000 $152,828 $4,211 3.06%
$100,000 or less 230 $18,450,000 $80,217 $3,531 3.04%
$400k-600k 197 $91,155,000 $462,716 $5,619 2.95%
$600k-1MM 12 $8,820,000 $735,000 $9,665 2.95%
$1MM+ 2 $2,730,000 $1,365,000 $10,628 3.19%

2021 saw American Portfolio Mortgage Corporation place emphasis on $200k-400k loans with 1,374 originations, totaling $373,080,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 785 $151,875,000 $193,471 $5,129 3.07%
$100k-150k 616 $164,450,000 $266,964 $4,928 3.07%
$75k-100k 573 $130,705,000 $228,106 $5,023 3.05%
$50k or less 543 $78,095,000 $143,821 $4,900 3.06%
$150k-250k 312 $90,880,000 $291,282 $4,375 2.99%
$250k+ 77 $30,095,000 $390,844 $4,369 3.07%

American Portfolio Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 785 originations. The second most popular income band? $100k-150k, with 616 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 603 $130,585,000 $216,559 $4,680 3.08%
20-30% 582 $128,190,000 $220,258 $3,993 2.99%
<20% 163 $35,305,000 $216,595 $3,520 2.95%
44% 131 $29,565,000 $225,687 $5,608 3.25%
42% 129 $28,875,000 $223,837 $4,887 3.12%
37% 127 $28,235,000 $222,323 $4,602 3.08%
50-60% 122 $27,400,000 $224,590 $8,101 2.98%
43% 118 $24,750,000 $209,746 $5,054 3.09%
49% 115 $25,235,000 $219,435 $5,666 3.12%
36% 113 $24,805,000 $219,513 $4,960 3.03%
41% 112 $25,510,000 $227,768 $5,701 3.09%
39% 108 $25,440,000 $235,556 $5,156 3.10%
40% 95 $21,835,000 $229,842 $4,910 3.08%
38% 94 $20,640,000 $219,574 $5,304 3.11%
47% 81 $19,435,000 $239,938 $5,344 2.95%
46% 77 $19,445,000 $252,532 $5,924 3.08%
45% 75 $16,545,000 $220,600 $5,583 2.99%
48% 69 $14,895,000 $215,870 $5,621 3.06%
>60% 1 $495,000 $495,000 $21,148 3.00%

American Portfolio Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 603 originations. The next most common DTI ratio? 20-30%, with 582 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,312 $517,830,000 $223,975 $4,524 3.02%
Black 478 $101,780,000 $212,929 $6,506 3.15%
Not provided 177 $43,995,000 $248,559 $4,410 2.98%
Asian 53 $13,495,000 $254,623 $4,723 2.92%
American Indian 9 $2,025,000 $225,000 $3,741 3.01%
Not applicable 2 $660,000 $330,000 $4,418 3.19%
Asian Indian 2 $380,000 $190,000 $2,902 3.44%
Other Asian 1 $325,000 $325,000 $5,175 2.75%
Native Hawaiian 1 $195,000 $195,000 $1,763 2.63%

Approval Rates

Total approvals of all applications
98.13%

American Portfolio Mortgage Corporation 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
78.27%

American Portfolio Mortgage Corporation has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,035 $680,685,000 $224,278

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,035 $680,685,000 $224,278

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 61 $7,335,000 $120,246 $2,974 2.75%
40-60% 286 $53,420,000 $186,783 $2,999 2.85%
60-80% 935 $209,555,000 $224,123 $3,678 3.11%
80-100% 1,616 $371,660,000 $229,988 $5,957 3.08%
Over 100% 20 $6,270,000 $313,500 $12,564 2.76%
Under 20% 1 $75,000 $75,000 $1,998 3.38%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
AMERICAN PORTIFOLIO MORTGAGE FHA mortgage Trouble during payment process 1 50.0%
AMERICAN PORTIFOLIO MORTGAGE VA mortgage Trouble during payment process 1 50.0%