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, Minneapolis, St. Louis, Lansing, and The Villages among others. We have data for 117 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% | 4/28/24 |
| 30 Year Conventional Purchase | 7.01% | 4/28/24 |
| 30 Year Conventional Refi | 6.98% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 30 Year FHA Purchase | 7.46% | 4/28/24 |
| 30 Year FHA Refi | 7.20% | 4/28/24 |
| 30 Year VA Purchase | 6.40% | 4/28/24 |
| 30 Year VA Refi | 6.34% | 4/28/24 |
| 30 Year USDA Purchase | 6.67% | 4/28/24 |
| 15 Year Conventional Purchase | 6.56% | 4/28/24 |
| 15 Year Conventional Refi | 6.47% | 4/28/24 |
| 15 Year Cash-out Refi | 6.47% | 4/28/24 |
| 15 Year FHA Refi | 6.82% | 4/28/24 |
| 15 Year VA Purchase | 6.49% | 4/28/24 |
| 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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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
3,035Origination Dollar Volume (All Markets)
$680,685,000Awards
AMERICAN PORTFOLIO MORTGAGE CORPORATION - 2021
AMERICAN PORTFOLIO MORTGAGE CORPORATION is a 2021 , due to their low .
For 2021, 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) | 2,006 | $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% |
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Product Mix
For 2021, American Portfolio Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,153 originations. Their 2nd most popular type was FHA, with 624 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. 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 2021, American Portfolio Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,760 originations. The 2nd most popular reason was Refi, with 1,275 originations.
Loan Duration/Length
For 2021, American Portfolio Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,602 originations. The 2nd most popular length was 15 Year, with 279 originations.
Origination Fees/Closing Costs
American Portfolio Mortgage Corporation's average total fees were $5,138, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.09%, while their most frequently originated rate bucket for loans was 3-4%, with 1,386 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications98.12%
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 origination78.32%
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 |
LTV Distribution
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% |