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 Refi and Home Purchase 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Chicago, St. Louis, Minneapolis, The Villages, and Lansing among others. We have data for 107 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 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,730Origination Dollar Volume (All Markets)
$823,900,000Awards
AMERICAN PORTFOLIO MORTGAGE CORPORATION - 2020
AMERICAN PORTFOLIO MORTGAGE CORPORATION is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2,411 | $531,185,000 | $220,317 | $4,233 | 3.08% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 262 | $55,190,000 | $210,649 | $3,092 | 2.95% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 180 | $46,360,000 | $257,556 | $4,113 | 3.08% |
| THE VILLAGES, FL (FHA|USDA|VA) | 110 | $25,490,000 | $231,727 | $3,460 | 2.99% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 145 | $22,325,000 | $153,966 | $3,351 | 3.22% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 49 | $11,735,000 | $239,490 | $5,164 | 3.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 34 | $10,650,000 | $313,235 | $3,445 | 2.61% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 47 | $9,655,000 | $205,426 | $3,714 | 3.01% |
| OCALA, FL (FHA|USDA|VA) | 47 | $9,145,000 | $194,574 | $3,812 | 3.07% |
| Outside of Metro Areas | 43 | $7,725,000 | $179,651 | $3,743 | 2.97% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 13 | $5,865,000 | $451,154 | $9,812 | 2.87% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 19 | $4,605,000 | $242,368 | $3,933 | 3.17% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 17 | $4,295,000 | $252,647 | $3,114 | 2.88% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 27 | $4,225,000 | $156,481 | $3,177 | 3.23% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 10 | $4,010,000 | $401,000 | $2,310 | 2.26% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 23 | $3,395,000 | $147,609 | $4,628 | 3.22% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $3,330,000 | $416,250 | $2,334 | 2.84% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 23 | $3,305,000 | $143,696 | $4,205 | 3.42% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 11 | $2,975,000 | $270,455 | $4,174 | 2.57% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $2,865,000 | $409,286 | $5,969 | 2.95% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $2,750,000 | $343,750 | $4,479 | 2.92% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 13 | $2,465,000 | $189,615 | $4,769 | 2.82% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $2,345,000 | $335,000 | $2,952 | 2.71% |
| RACINE, WI (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $3,271 | 3.11% |
| Mount Vernon, IL (FHA|USDA|VA) | 15 | $1,915,000 | $127,667 | $3,303 | 3.19% |
| TUCSON, AZ (FHA|USDA|VA) | 12 | $1,730,000 | $144,167 | $4,290 | 3.20% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $4,358 | 3.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $3,316 | 3.08% |
| ROCKFORD, IL (FHA|USDA|VA) | 10 | $1,620,000 | $162,000 | $2,499 | 3.18% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $4,770 | 2.88% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 7 | $1,565,000 | $223,571 | $3,008 | 3.04% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $5,274 | 2.80% |
| Whitewater, WI (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $2,709 | 3.44% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $4,224 | 2.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $5,323 | 2.98% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $3,214 | 2.85% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $1,781 | 2.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $3,914 | 3.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $4,739 | 2.83% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $2,596 | 3.34% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $4,533 | 3.35% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $2,700 | 3.38% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $19,261 | 3.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $5,013 | 3.06% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,015 | 2.63% |
| KANKAKEE, IL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $3,800 | 2.66% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $2,991 | 2.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $1,819 | 3.13% |
| Ottawa, IL (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $5,349 | 3.16% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $12,412 | 2.75% |
| PEORIA, IL (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $2,556 | 2.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,998 | 3.21% |
| FLINT, MI (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,585 | 3.13% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $3,616 | 3.04% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,365 | 4.19% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $8,467 | 3.63% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,930 | 2.75% |
| Holland, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,790 | 2.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,647 | 3.38% |
| MANKATO, MN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,615 | 3.06% |
| Red Wing, MN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,020 | 2.56% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,397 | 3.38% |
| MADISON, WI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,140 | 2.94% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,660 | 3.13% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $1,877 | 3.63% |
| Centralia, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,609 | 3.38% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,283 | 2.38% |
| Rochelle, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,841 | 3.06% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,445 | 3.50% |
| SALEM, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,020 | 3.25% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,822 | 3.19% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,920 | 5.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,317 | 3.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,030 | 2.81% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,183 | 3.50% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,632 | 2.63% |
| AKRON, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,507 | 3.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,383 | 2.88% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,527 | 2.75% |
| Adrian, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,735 | 2.50% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,755 | 2.38% |
| BEND, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,790 | 2.38% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,328 | 3.38% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,614 | 3.00% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,176 | 2.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,107 | 2.25% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $750 | 2.38% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,413 | 2.63% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,541 | 2.75% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,833 | 2.75% |
| Dixon, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,355 | 3.13% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,142 | 3.25% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,979 | 4.50% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,952 | 2.63% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,249 | 2.38% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,340 | 3.13% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,962 | 2.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,602 | 2.75% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,183 | 2.88% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,869 | 3.50% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,015 | 4.50% |
| Wooster, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,384 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,542 | 3.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,766 | 5.38% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,067 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,152 | 4.50% |
| Freeport, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,913 | 4.00% |
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Product Mix
For 2020, American Portfolio Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,795 originations. Their 2nd most popular type was FHA, with 574 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 2,093 | $477,195,000 | $227,996 | $2,855 | 2.98% |
| Home Purchase | 1,637 | $346,705,000 | $211,793 | $5,593 | 3.18% |
For 2020, American Portfolio Mortgage Corporation's most frequently cited loan purpose was Refi, with 2,093 originations. The 2nd most popular reason was Home Purchase, with 1,637 originations.
Loan Duration/Length
For 2020, American Portfolio Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,875 originations. The 2nd most popular length was 15 Year, with 556 originations.
Origination Fees/Closing Costs
American Portfolio Mortgage Corporation's average total fees were $4,445, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,631 originations.
Interest Rates
During 2020, American Portfolio Mortgage Corporation's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 3-4%, with 1,549 originations.
Loan Sizing
2020 saw American Portfolio Mortgage Corporation place emphasis on $200k-400k loans with 1,732 originations, totaling $472,370,000 in origination value.
Applicant Income
American Portfolio Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 892 originations. The second most popular income band? $100k-150k, with 805 originations.
Applicant Debt to Income Ratio
American Portfolio Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 828 originations. The next most common DTI ratio? 30-36%, with 724 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.11%
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 origination79.01%
American Portfolio Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,730 | $823,900,000 | $220,885 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 35 | $4,235,000 | $121,000 |
| Single Family (1-4 Units):Site-Built | 3,695 | $819,665,000 | $221,831 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN SECURITY MORTGAGE CORPORATION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| AMERICAN SECURITY MORTGAGE CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |