Affordable Mortgage Advisors . Rates, Fees & Info
Pittsburgh, PALEI: 549300DE8TS4EYTPX729
Tax ID: 20-1830388
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Affordable Mortgage Advisors . is a smaller mortgage company specializing in Home Purchase and Refi loans. Affordable Mortgage Advisors . 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 Pittsburgh, Erie, Somerset, Youngstown, and New Castle among others. Affordable Mortgage Advisors . 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. Affordable Mortgage Advisors . is typically an average fee lendor.Originations
2,017Origination Dollar Volume (All Markets)
$475,725,000Awards
AFFORDABLE MORTGAGE ADVISORS . - 2021
AFFORDABLE MORTGAGE ADVISORS . is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Affordable Mortgage Advisors .'s average 30 year fixed rate mortgage of loans were
3%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.15%.
Relative Fees
Affordable Mortgage Advisors .'s average total fees for a 30 year fixed rate
mortgage are $4,787.
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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 1,636 | $407,980,000 | $249,377 | $4,649 | 2.91% |
| ERIE, PA (FHA|USDA|VA) | 211 | $34,055,000 | $161,398 | $4,327 | 2.97% |
| Somerset, PA (FHA|USDA|VA) | 34 | $7,600,000 | $223,529 | $4,722 | 2.92% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 30 | $5,220,000 | $174,000 | $4,873 | 3.08% |
| New Castle, PA (FHA|USDA|VA) | 28 | $4,600,000 | $164,286 | $4,625 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 12 | $4,130,000 | $344,167 | $5,684 | 2.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 12 | $2,490,000 | $207,500 | $4,858 | 2.81% |
| Meadville, PA (FHA|USDA|VA) | 12 | $1,510,000 | $125,833 | $4,504 | 3.23% |
| Indiana, PA (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $4,446 | 3.13% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $4,231 | 2.83% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,876 | 3.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,212 | 3.25% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,415 | 2.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,280 | 2.25% |
| Warren, PA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $5,018 | 2.88% |
| READING, PA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,147 | 2.56% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,701 | 2.92% |
| Outside of Metro Areas | 3 | $365,000 | $121,667 | $3,935 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,308 | 3.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,914 | 3.00% |
| DuBois, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,091 | 3.75% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,218 | 3.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,533 | 2.88% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,610 | 3.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,997 | 3.50% |
| St. Marys, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,640 | 2.63% |
| Oil City, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,391 | 3.13% |
Affordable Mortgage Advisors .'s top markets include Pittsburgh, Erie, Somerset, Youngstown, and New Castle among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,792 | $430,810,000 | $240,407 | $4,321 | 2.94% |
| FHA | 148 | $24,490,000 | $165,473 | $6,853 | 2.85% |
| VA | 62 | $18,420,000 | $297,097 | $7,882 | 2.72% |
| USDA | 15 | $2,005,000 | $133,667 | $4,911 | 2.99% |
For the 2021 period, Affordable Mortgage Advisors .'s most frequently originated loan type of loans were Conventional, with 1,792 originations. Their 2nd most popular type is FHA, with 148 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,323 | $311,125,000 | $235,166 | $4,942 | 2.99% |
| Refi | 439 | $104,565,000 | $238,189 | $3,900 | 2.70% |
| Cash Out Refi | 255 | $60,035,000 | $235,431 | $4,188 | 2.94% |
For the 2021, Affordable Mortgage Advisors .'s most frequently cited loan purpose of loans were Home Purchase, with 1,323 originations. The 2nd most popular reason of loans were Refi, with 439 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,630 | $390,750,000 | $239,724 | $4,787 | 3.00% |
| 15 Year | 211 | $44,265,000 | $209,787 | $3,877 | 2.48% |
| 20 Year | 85 | $21,325,000 | $250,882 | $4,043 | 2.74% |
| Other | 76 | $15,770,000 | $207,500 | $3,885 | 2.87% |
| 10 Year | 15 | $3,615,000 | $241,000 | $3,835 | 2.29% |
For the 2021, Affordable Mortgage Advisors .'s most frequently cited loan length of loans were 30 Year, with 1,630 originations. The 2nd most popular length of loans were 15 Year, with 211 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,865 | $434,395,000 | $232,920 |
| $2k-3k | 88 | $23,080,000 | $262,273 |
| $3k-4k | 48 | $12,760,000 | $265,833 |
| $5k+ | 11 | $4,375,000 | $397,727 |
$4,787 of loans were Affordable Mortgage Advisors .'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,865 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,116 | $273,410,000 | $244,991 |
| 3-4% | 613 | $128,965,000 | $210,383 |
| <2.5% | 275 | $71,465,000 | $259,873 |
| 4-5% | 12 | $1,760,000 | $146,667 |
During 2021, Affordable Mortgage Advisors .'s average interest rate of loans were 3.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,116 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 861 | $243,075,000 | $282,317 | $4,942 | 2.89% |
| $100k-200k | 778 | $116,120,000 | $149,254 | $4,068 | 2.98% |
| $100,000 or less | 178 | $14,150,000 | $79,494 | $3,618 | 3.02% |
| $400k-600k | 177 | $85,085,000 | $480,706 | $5,941 | 2.79% |
| $600k-1MM | 19 | $13,115,000 | $690,263 | $8,677 | 2.87% |
| $1MM+ | 4 | $4,180,000 | $1,045,000 | $8,536 | 3.13% |
2021 saw Affordable Mortgage Advisors . place emphasis on $200k-400k loans with 861 originations, totaling $243,075,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 496 | $130,320,000 | $262,742 | $4,717 | 2.92% |
| $50k-75k | 413 | $69,095,000 | $167,300 | $4,340 | 2.96% |
| $75k-100k | 355 | $77,145,000 | $217,310 | $4,694 | 2.92% |
| $150k-250k | 329 | $107,115,000 | $325,578 | $4,808 | 2.86% |
| $50k or less | 290 | $38,910,000 | $134,172 | $4,234 | 2.96% |
| $250k+ | 134 | $53,140,000 | $396,567 | $5,300 | 2.90% |
Affordable Mortgage Advisors . lent most frequently to those with incomes in the $100k-150k range, with 496 originations. The second most popular income band? $50k-75k, with 413 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 588 | $142,530,000 | $242,398 | $4,405 | 2.90% |
| 30-36% | 408 | $100,310,000 | $245,858 | $4,711 | 2.92% |
| <20% | 244 | $54,430,000 | $223,074 | $4,126 | 2.84% |
| 36% | 83 | $18,355,000 | $221,145 | $4,706 | 2.95% |
| 39% | 68 | $15,570,000 | $228,971 | $5,098 | 2.94% |
| 44% | 65 | $15,205,000 | $233,923 | $5,156 | 3.05% |
| 37% | 65 | $14,965,000 | $230,231 | $4,450 | 2.95% |
| 38% | 64 | $15,840,000 | $247,500 | $4,532 | 2.99% |
| 40% | 63 | $13,535,000 | $214,841 | $4,665 | 2.97% |
| 42% | 59 | $12,735,000 | $215,847 | $5,072 | 3.06% |
| 41% | 57 | $13,295,000 | $233,246 | $4,590 | 3.03% |
| 43% | 54 | $12,340,000 | $228,519 | $4,908 | 3.03% |
| 48% | 41 | $8,865,000 | $216,220 | $5,246 | 2.86% |
| 47% | 37 | $9,205,000 | $248,784 | $5,040 | 2.97% |
| 46% | 36 | $8,230,000 | $228,611 | $4,873 | 2.97% |
| 49% | 32 | $7,390,000 | $230,938 | $5,414 | 2.98% |
| 45% | 31 | $6,555,000 | $211,452 | $5,005 | 2.94% |
| >60% | 12 | $3,840,000 | $320,000 | $5,658 | 2.60% |
| 50-60% | 7 | $1,325,000 | $189,286 | $5,310 | 2.75% |
Affordable Mortgage Advisors . lent most frequently to those with DTI ratios of 20-30%, with 588 originations. The next most common DTI ratio? 30-36%, with 408 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,805 | $426,275,000 | $236,163 | $4,612 | 2.92% |
| Not provided | 124 | $29,090,000 | $234,597 | $4,488 | 3.01% |
| Asian | 50 | $13,120,000 | $262,400 | $4,940 | 2.84% |
| Black | 32 | $6,160,000 | $192,500 | $5,053 | 2.93% |
| Other Asian | 4 | $780,000 | $195,000 | $4,365 | 2.81% |
| American Indian | 2 | $300,000 | $150,000 | $5,025 | 2.75% |
Approval Rates
Total approvals of all applications98.71%
Affordable Mortgage Advisors . has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.14%
Affordable Mortgage Advisors . has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,017 | $475,725,000 | $235,858 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,017 | $475,725,000 | $235,858 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 38 | $6,730,000 | $177,105 | $3,852 | 2.66% |
| 40-60% | 200 | $43,260,000 | $216,300 | $3,785 | 2.70% |
| 60-80% | 701 | $171,515,000 | $244,672 | $4,292 | 2.93% |
| 80-100% | 1,061 | $249,225,000 | $234,896 | $4,901 | 2.97% |
| Over 100% | 15 | $4,855,000 | $323,667 | $13,317 | 2.73% |
| Under 20% | 2 | $140,000 | $70,000 | $3,017 | 2.63% |
