American Financial Lending Mortgage Rates, Fees & Info
PHOENIX, AZLEI: 549300BIIFMYRSTVLE14
Tax ID: 26-0905232
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Mortgage Data
Review & Overview
American Financial Lending is a smaller mortgage company specializing in Home Purchase loans. American Financial Lending has a high proportion of conventional loans.American Financial Lending 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 3/25/24 |
| 30 Year Conventional Refi | 6.27% | 3/25/24 |
| 30 Year Cash-out Refi | 6.27% | 3/25/24 |
| 30 Year FHA Purchase | 6.27% | 3/25/24 |
| 30 Year VA Purchase | 6.27% | 3/25/24 |
| 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 Financial Lending Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1Origination Dollar Volume (All Markets)
$185,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1 | $185,000 | $185,000 | $0 | 0.00% |
For 2022, American Financial Lending's most frequently originated type of loan was Conventional, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1 | $185,000 | $185,000 | $0 | 0.00% |
For 2022, American Financial Lending's most frequently cited loan purpose was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1 | $185,000 | $185,000 | $0 | 0.00% |
For 2022, American Financial Lending's most frequently cited loan duration was 30 Year, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 1 | $185,000 | $185,000 | $0 | 0.00% |
2022 saw American Financial Lending place emphasis on $100k-200k loans with 1 originations, totaling $185,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 1 | $185,000 | $185,000 | $0 | 0.00% |
American Financial Lending lent most frequently to those with incomes in the $50k or less range, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1 | $185,000 | $185,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
American Financial Lending 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-1,000.00%
American Financial Lending 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 | 1 | $185,000 | $185,000 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Financial Network Inc. | FHA mortgage | Trouble during payment process | 1 | 100.0% |