American Portfolio Mortgage Corporation Rates, Fees & Info
CARSON CITY, NVLEI: 549300BBKMRS6J0CB539
Tax ID: 36-4078960
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Mortgage Data
Review & 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 by origination volume include: Chicago, San Diego, Minneapolis, Lansing, and Ocala among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)American Portfolio Mortgage Corporation 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 Portfolio Mortgage Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 7.01% | 4/21/24 |
| 30 Year Conventional Refi | 6.98% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 4/21/24 |
| 30 Year FHA Purchase | 7.46% | 4/21/24 |
| 30 Year FHA Refi | 7.20% | 4/21/24 |
| 30 Year VA Purchase | 6.40% | 4/21/24 |
| 30 Year VA Refi | 6.34% | 4/21/24 |
| 30 Year USDA Purchase | 6.67% | 4/21/24 |
| 15 Year Conventional Purchase | 6.56% | 4/21/24 |
| 15 Year Conventional Refi | 6.47% | 4/21/24 |
| 15 Year Cash-out Refi | 6.47% | 4/21/24 |
| 15 Year FHA Refi | 6.82% | 4/21/24 |
| 15 Year VA Purchase | 6.49% | 4/21/24 |
| 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 Portfolio Mortgage Corporation Mortgage Calculator
Your Estimates
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This is not an official calculator from American Portfolio Mortgage Corporation. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
107Origination Dollar Volume (All Markets)
$23,645,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 75 | $15,115,000 | $201,533 | $6,186 | 4.87% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,775,000 | $591,667 | $13,354 | 4.38% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $4,664 | 5.75% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 6 | $1,010,000 | $168,333 | $4,804 | 4.85% |
| OCALA, FL (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $4,380 | 5.44% |
| KANKAKEE, IL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $6,412 | 5.34% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $6,887 | 4.56% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,632 | 5.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $15,378 | 4.75% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,473 | 4.75% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,795 | 5.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,594 | 4.56% |
| Huntington, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,859 | 5.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,040 | 4.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,398 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against AMERICAN PORTFOLIO MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, American Portfolio Mortgage Corporation's most frequently originated type of loan was Conventional, with 57 originations. Their 2nd most popular type was FHA, with 34 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 87 | $18,895,000 | $217,184 | $6,528 | 4.96% |
| Refi | 20 | $4,750,000 | $237,500 | $4,019 | 4.76% |
For 2018, American Portfolio Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
For 2018, American Portfolio Mortgage Corporation's most frequently cited loan duration was 30 Year, with 99 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
American Portfolio Mortgage Corporation's average total fees were $6,326, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 63 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 72 | $17,040,000 | $236,667 |
| 5-6% | 28 | $4,520,000 | $161,429 |
| 3-4% | 5 | $1,605,000 | $321,000 |
| 7-8% | 1 | $325,000 | $325,000 |
| Over 8% | 1 | $155,000 | $155,000 |
During 2018, American Portfolio Mortgage Corporation's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 72 originations.
Loan Sizing
2018 saw American Portfolio Mortgage Corporation place emphasis on $200k-400k loans with 42 originations, totaling $11,650,000 in origination value.
Applicant Income
American Portfolio Mortgage Corporation lent most frequently to those with incomes in the $75k-100k range, with 30 originations. The second most popular income band? $50k-75k, with 25 originations.
Applicant Debt to Income Ratio
American Portfolio Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 20-30%, with 17 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination24.30%
American Portfolio Mortgage 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 | 107 | $23,645,000 | $220,981 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $235,000 | $235,000 |
| Single Family (1-4 Units):Site-Built | 106 | $23,410,000 | $220,849 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERISAVE MORTGAGE CORPORATION | Conventional home mortgage | Closing on a mortgage | 3 | 20.0% |
| AMERISAVE MORTGAGE CORPORATION | Other type of mortgage | Closing on a mortgage | 1 | 6.7% |
| AMERISAVE MORTGAGE CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| AMERISAVE MORTGAGE CORPORATION | FHA mortgage | Trouble during payment process | 1 | 6.7% |
| AMERISAVE MORTGAGE CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| AMERISAVE MORTGAGE CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 6.7% |
| AMERISAVE MORTGAGE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 7 | 46.7% |