Affordable Mortgage Advisors Rates, Fees & Info
Pittsburgh, PALEI: 549300DE8TS4EYTPX729
Tax ID: 20-1830388
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Mortgage Data
Review & 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 by origination volume include: Pittsburgh, Erie, Somerset, Philadelphia, and New Castle among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Affordable Mortgage Advisors 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. Affordable Mortgage Advisors 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.60% | 12/3/24 |
| 30 Year Conventional Refi | 6.40% | 12/3/24 |
| 30 Year Cash-out Refi | 6.78% | 12/3/24 |
| 30 Year FHA Purchase | 7.43% | 12/3/24 |
| 30 Year VA Purchase | 6.52% | 12/3/24 |
| 30 Year USDA Purchase | 6.88% | 12/3/24 |
| 15 Year Conventional Purchase | 6.21% | 12/3/24 |
| 15 Year Conventional Refi | 6.09% | 12/3/24 |
| 15 Year Cash-out Refi | 6.09% | 12/3/24 |
| 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. | ||
Affordable Mortgage Advisors Mortgage Calculator
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This is not an official calculator from Affordable Mortgage Advisors. 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
2,021Origination Dollar Volume (All Markets)
$471,705,000Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 1,636 | $405,990,000 | $248,160 | $4,231 | 3.00% |
| ERIE, PA (FHA|USDA|VA) | 215 | $35,415,000 | $164,721 | $3,605 | 3.06% |
| Somerset, PA (FHA|USDA|VA) | 61 | $10,495,000 | $172,049 | $4,244 | 2.98% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 16 | $5,510,000 | $344,375 | $4,312 | 2.88% |
| New Castle, PA (FHA|USDA|VA) | 33 | $4,195,000 | $127,121 | $3,110 | 3.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 19 | $2,705,000 | $142,368 | $3,797 | 3.10% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 12 | $2,580,000 | $215,000 | $0 | 2.91% |
| Meadville, PA (FHA|USDA|VA) | 17 | $2,495,000 | $146,765 | $2,379 | 3.29% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,652 | 2.92% |
| Oil City, PA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 2.96% |
| Outside of Metro Areas | 3 | $415,000 | $138,333 | $0 | 2.92% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.88% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.63% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against AFFORDABLE MORTGAGE ADVISORS 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 2020, Affordable Mortgage Advisors's most frequently originated type of loan was Conventional, with 1,809 originations. Their 2nd most popular type was FHA, with 170 originations.
Loan Reason
For 2020, Affordable Mortgage Advisors's most frequently cited loan purpose was Home Purchase, with 1,071 originations. The 2nd most popular reason was Refi, with 747 originations.
Loan Duration/Length
For 2020, Affordable Mortgage Advisors's most frequently cited loan duration was 30 Year, with 1,541 originations. The 2nd most popular length was 15 Year, with 276 originations.
Origination Fees/Closing Costs
Affordable Mortgage Advisors's average total fees were $4,279, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,813 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,102 | $262,770,000 | $238,448 |
| 3-4% | 694 | $157,530,000 | $226,988 |
| <2.5% | 187 | $45,655,000 | $244,144 |
| 4-5% | 33 | $5,085,000 | $154,091 |
| 5-6% | 5 | $665,000 | $133,000 |
During 2020, Affordable Mortgage Advisors's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,102 originations.
Loan Sizing
2020 saw Affordable Mortgage Advisors place emphasis on $200k-400k loans with 910 originations, totaling $252,150,000 in origination value.
Applicant Income
Affordable Mortgage Advisors lent most frequently to those with incomes in the $100k-150k range, with 476 originations. The second most popular income band? $50k-75k, with 409 originations.
Applicant Debt to Income Ratio
Affordable Mortgage Advisors lent most frequently to those with DTI ratios of 20-30%, with 643 originations. The next most common DTI ratio? 30-36%, with 390 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.64%
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 origination85.11%
Affordable Mortgage Advisors has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 4 | $850,000 | $212,500 |
| 10550.0 | 1 | $465,000 | $465,000 |
| 10593.38 | 1 | $145,000 | $145,000 |
| 12230.0 | 1 | $545,000 | $545,000 |
| 12429.0 | 1 | $445,000 | $445,000 |
| 1269.4 | 1 | $75,000 | $75,000 |
| 1276.98 | 1 | $135,000 | $135,000 |
| 1312.0 | 1 | $305,000 | $305,000 |
| 13197.5 | 1 | $265,000 | $265,000 |
| 1326.9 | 1 | $65,000 | $65,000 |
| 1330.94 | 1 | $335,000 | $335,000 |
| 1344.5 | 1 | $175,000 | $175,000 |
| 1347.0 | 1 | $395,000 | $395,000 |
| 1371.8 | 1 | $295,000 | $295,000 |
| 14130.0 | 1 | $185,000 | $185,000 |
| 1413.42 | 1 | $185,000 | $185,000 |
| 1426.0 | 1 | $175,000 | $175,000 |
| 1429.23 | 1 | $165,000 | $165,000 |
| 1445.88 | 1 | $85,000 | $85,000 |
| 1449.6 | 1 | $195,000 | $195,000 |
| 1449.75 | 1 | $65,000 | $65,000 |
| 146003.28 | 1 | $125,000 | $125,000 |
| 1461.5 | 1 | $215,000 | $215,000 |
| 1466.76 | 1 | $215,000 | $215,000 |
| 1468.32 | 1 | $105,000 | $105,000 |
| 1472.39 | 1 | $355,000 | $355,000 |
| 1474.42 | 1 | $225,000 | $225,000 |
| 1478.77 | 1 | $275,000 | $275,000 |
| 1489.7 | 1 | $195,000 | $195,000 |
| 1490.0 | 1 | $65,000 | $65,000 |
| 1490.76 | 1 | $45,000 | $45,000 |
| 1501.62 | 1 | $205,000 | $205,000 |
| 1523.0 | 1 | $215,000 | $215,000 |
| 1544.14 | 1 | $115,000 | $115,000 |
| 1557.5 | 1 | $125,000 | $125,000 |
| 1569.22 | 1 | $125,000 | $125,000 |
| 1570.62 | 1 | $125,000 | $125,000 |
| 1572.18 | 1 | $175,000 | $175,000 |
| 1573.72 | 1 | $105,000 | $105,000 |
| 1582.5 | 1 | $135,000 | $135,000 |
| 1583.5 | 1 | $145,000 | $145,000 |
| 1617.14 | 1 | $195,000 | $195,000 |
| 1626.64 | 1 | $75,000 | $75,000 |
| 1661.6 | 1 | $145,000 | $145,000 |
| 1670.0 | 2 | $300,000 | $150,000 |
| 1680.92 | 1 | $265,000 | $265,000 |
| 1685.0 | 1 | $215,000 | $215,000 |
| 1686.8 | 1 | $315,000 | $315,000 |
| 1688.0 | 1 | $125,000 | $125,000 |
| 1699.22 | 1 | $85,000 | $85,000 |
| 1711.54 | 1 | $165,000 | $165,000 |
| 1711.7 | 1 | $135,000 | $135,000 |
| 1712.98 | 1 | $305,000 | $305,000 |
| 1714.84 | 1 | $95,000 | $95,000 |
| 1715.0 | 1 | $95,000 | $95,000 |
| 1720.26 | 1 | $215,000 | $215,000 |
| 1747.6 | 1 | $315,000 | $315,000 |
| 1750.0 | 1 | $285,000 | $285,000 |
| 1768.0 | 1 | $185,000 | $185,000 |
| 1777.25 | 1 | $285,000 | $285,000 |
| 1802.5 | 1 | $165,000 | $165,000 |
| 1804.0 | 1 | $275,000 | $275,000 |
| 1828.31 | 1 | $465,000 | $465,000 |
| 1883.2 | 1 | $155,000 | $155,000 |
| 1885.0 | 1 | $65,000 | $65,000 |
| 1885.18 | 1 | $345,000 | $345,000 |
| 1895.24 | 1 | $155,000 | $155,000 |
| 1903.22 | 1 | $125,000 | $125,000 |
| 1908.0 | 1 | $35,000 | $35,000 |
| 1911.26 | 1 | $265,000 | $265,000 |
| 1918.16 | 1 | $205,000 | $205,000 |
| 1922.0 | 1 | $285,000 | $285,000 |
| 1929.5 | 1 | $335,000 | $335,000 |
| 1930.4 | 1 | $345,000 | $345,000 |
| 1947.5 | 1 | $135,000 | $135,000 |
| 1957.08 | 1 | $95,000 | $95,000 |
| 1962.5 | 1 | $235,000 | $235,000 |
| 1971.0 | 1 | $55,000 | $55,000 |
| 1986.98 | 1 | $235,000 | $235,000 |
| 1987.5 | 1 | $145,000 | $145,000 |
| 1992.36 | 1 | $65,000 | $65,000 |
| 2013.04 | 1 | $125,000 | $125,000 |
| 2038.5 | 1 | $155,000 | $155,000 |
| 2045.0 | 1 | $315,000 | $315,000 |
| 20495.6 | 1 | $725,000 | $725,000 |
| 2050.0 | 1 | $165,000 | $165,000 |
| 2070.28 | 1 | $155,000 | $155,000 |
| 2074.78 | 1 | $135,000 | $135,000 |
| 2075.84 | 1 | $115,000 | $115,000 |
| 2083.34 | 1 | $165,000 | $165,000 |
| 2085.2 | 1 | $175,000 | $175,000 |
| 2087.48 | 1 | $115,000 | $115,000 |
| 2090.48 | 1 | $135,000 | $135,000 |
| 2099.88 | 1 | $245,000 | $245,000 |
| 2105.48 | 1 | $175,000 | $175,000 |
| 2106.8 | 1 | $205,000 | $205,000 |
| 2110.0 | 1 | $215,000 | $215,000 |
| 2112.0 | 1 | $435,000 | $435,000 |
| 2114.0 | 1 | $145,000 | $145,000 |
| 2117.0 | 1 | $145,000 | $145,000 |
| 2118.0 | 1 | $45,000 | $45,000 |
| 2121.1 | 1 | $315,000 | $315,000 |
| 2148.0 | 1 | $445,000 | $445,000 |
| 2152.88 | 1 | $265,000 | $265,000 |
| 2156.58 | 1 | $155,000 | $155,000 |
| 2156.68 | 1 | $135,000 | $135,000 |
| 2163.5 | 1 | $275,000 | $275,000 |
| 2198.0 | 1 | $115,000 | $115,000 |
| 2200.0 | 1 | $115,000 | $115,000 |
| 2210.72 | 1 | $145,000 | $145,000 |
| 2218.0 | 1 | $225,000 | $225,000 |
| 2222.5 | 1 | $195,000 | $195,000 |
| 2240.48 | 1 | $385,000 | $385,000 |
| 2247.5 | 2 | $390,000 | $195,000 |
| 2255.76 | 1 | $335,000 | $335,000 |
| 2290.0 | 1 | $265,000 | $265,000 |
| 2303.06 | 1 | $55,000 | $55,000 |
| 2321.6 | 1 | $385,000 | $385,000 |
| 2336.0 | 1 | $105,000 | $105,000 |
| 2350.0 | 1 | $225,000 | $225,000 |
| 2357.22 | 1 | $335,000 | $335,000 |
| 2358.0 | 1 | $135,000 | $135,000 |
| 2370.0 | 1 | $225,000 | $225,000 |
| 2395.37 | 1 | $305,000 | $305,000 |
| 2395.92 | 1 | $365,000 | $365,000 |
| 2404.26 | 1 | $215,000 | $215,000 |
| 2411.0 | 1 | $235,000 | $235,000 |
| 2416.4 | 1 | $275,000 | $275,000 |
| 2425.52 | 1 | $95,000 | $95,000 |
| 2430.0 | 1 | $235,000 | $235,000 |
| 2432.02 | 1 | $195,000 | $195,000 |
| 2436.4 | 1 | $215,000 | $215,000 |
| 2437.14 | 1 | $125,000 | $125,000 |
| 2444.48 | 1 | $255,000 | $255,000 |
| 2447.0 | 1 | $235,000 | $235,000 |
| 2451.82 | 1 | $305,000 | $305,000 |
| 2474.22 | 1 | $245,000 | $245,000 |
| 2485.0 | 1 | $245,000 | $245,000 |
| 2503.78 | 1 | $335,000 | $335,000 |
| 2505.0 | 1 | $75,000 | $75,000 |
| 2510.0 | 2 | $270,000 | $135,000 |
| 2511.44 | 1 | $245,000 | $245,000 |
| 2523.12 | 1 | $165,000 | $165,000 |
| 2526.0 | 2 | $770,000 | $385,000 |
| 2546.0 | 1 | $325,000 | $325,000 |
| 2579.9 | 1 | $265,000 | $265,000 |
| 2580.0 | 1 | $135,000 | $135,000 |
| 2582.0 | 1 | $225,000 | $225,000 |
| 2602.28 | 1 | $265,000 | $265,000 |
| 2608.5 | 1 | $285,000 | $285,000 |
| 2613.08 | 1 | $65,000 | $65,000 |
| 2624.82 | 1 | $365,000 | $365,000 |
| 2649.8 | 1 | $275,000 | $275,000 |
| 2650.0 | 1 | $285,000 | $285,000 |
| 2650.8 | 1 | $175,000 | $175,000 |
| 2654.0 | 1 | $105,000 | $105,000 |
| 2662.02 | 1 | $385,000 | $385,000 |
| 2663.32 | 1 | $255,000 | $255,000 |
| 2698.01 | 1 | $45,000 | $45,000 |
| 2724.08 | 1 | $335,000 | $335,000 |
| 2737.02 | 1 | $505,000 | $505,000 |
| 2745.0 | 1 | $295,000 | $295,000 |
| 2759.74 | 1 | $125,000 | $125,000 |
| 2763.68 | 1 | $235,000 | $235,000 |
| 2770.0 | 1 | $125,000 | $125,000 |
| 2786.0 | 1 | $195,000 | $195,000 |
| 2787.54 | 1 | $85,000 | $85,000 |
| 2790.0 | 1 | $305,000 | $305,000 |
| 2791.04 | 1 | $85,000 | $85,000 |
| 2798.0 | 1 | $255,000 | $255,000 |
| 2801.38 | 1 | $155,000 | $155,000 |
| 2827.6 | 1 | $95,000 | $95,000 |
| 2840.16 | 1 | $55,000 | $55,000 |
| 2850.0 | 1 | $325,000 | $325,000 |
| 2855.5 | 1 | $105,000 | $105,000 |
| 2866.76 | 1 | $325,000 | $325,000 |
| 2896.4 | 1 | $205,000 | $205,000 |
| 2898.8 | 1 | $455,000 | $455,000 |
| 2937.5 | 1 | $335,000 | $335,000 |
| 2960.0 | 1 | $115,000 | $115,000 |
| 3017.38 | 1 | $85,000 | $85,000 |
| 3139.56 | 1 | $185,000 | $185,000 |
| 3140.0 | 1 | $155,000 | $155,000 |
| 3162.5 | 1 | $385,000 | $385,000 |
| 3185.36 | 1 | $305,000 | $305,000 |
| 3204.5 | 1 | $285,000 | $285,000 |
| 3206.0 | 1 | $165,000 | $165,000 |
| 3221.1 | 1 | $125,000 | $125,000 |
| 3362.0 | 1 | $265,000 | $265,000 |
| 3416.0 | 1 | $185,000 | $185,000 |
| 3430.0 | 1 | $105,000 | $105,000 |
| 3435.76 | 1 | $485,000 | $485,000 |
| 3450.0 | 1 | $55,000 | $55,000 |
| 3487.58 | 1 | $145,000 | $145,000 |
| 3495.28 | 1 | $85,000 | $85,000 |
| 3549.38 | 1 | $405,000 | $405,000 |
| 3550.0 | 1 | $235,000 | $235,000 |
| 3550.2 | 1 | $165,000 | $165,000 |
| 3559.94 | 1 | $125,000 | $125,000 |
| 3644.0 | 1 | $115,000 | $115,000 |
| 3860.0 | 1 | $355,000 | $355,000 |
| 3862.16 | 1 | $145,000 | $145,000 |
| 3895.0 | 1 | $265,000 | $265,000 |
| 3913.92 | 1 | $485,000 | $485,000 |
| 3950.2 | 1 | $275,000 | $275,000 |
| 3967.0 | 1 | $415,000 | $415,000 |
| 3969.18 | 1 | $315,000 | $315,000 |
| 4048.6 | 1 | $155,000 | $155,000 |
| 4066.0 | 1 | $175,000 | $175,000 |
| 4089.36 | 1 | $305,000 | $305,000 |
| 4125.0 | 1 | $395,000 | $395,000 |
| 4162.0 | 1 | $185,000 | $185,000 |
| 4210.0 | 1 | $265,000 | $265,000 |
| 4245.12 | 1 | $265,000 | $265,000 |
| 4250.0 | 1 | $275,000 | $275,000 |
| 4276.58 | 1 | $265,000 | $265,000 |
| 4354.84 | 1 | $375,000 | $375,000 |
| 4415.0 | 1 | $215,000 | $215,000 |
| 4471.96 | 1 | $195,000 | $195,000 |
| 4508.0 | 1 | $165,000 | $165,000 |
| 4541.26 | 1 | $315,000 | $315,000 |
| 4551.5 | 1 | $265,000 | $265,000 |
| 4554.8 | 1 | $275,000 | $275,000 |
| 4589.0 | 1 | $235,000 | $235,000 |
| 4591.26 | 1 | $145,000 | $145,000 |
| 4720.24 | 1 | $215,000 | $215,000 |
| 4815.88 | 1 | $205,000 | $205,000 |
| 4988.24 | 1 | $355,000 | $355,000 |
| 5186.0 | 1 | $245,000 | $245,000 |
| 5232.38 | 1 | $275,000 | $275,000 |
| 5250.0 | 2 | $710,000 | $355,000 |
| 5450.0 | 1 | $285,000 | $285,000 |
| 5478.0 | 1 | $305,000 | $305,000 |
| 5570.0 | 1 | $145,000 | $145,000 |
| 5591.05 | 1 | $95,000 | $95,000 |
| 5653.0 | 1 | $885,000 | $885,000 |
| 5663.7 | 1 | $475,000 | $475,000 |
| 5858.0 | 1 | $285,000 | $285,000 |
| 5987.2 | 1 | $295,000 | $295,000 |
| 6135.94 | 1 | $305,000 | $305,000 |
| 6200.0 | 1 | $445,000 | $445,000 |
| 6300.84 | 1 | $495,000 | $495,000 |
| 6398.0 | 1 | $295,000 | $295,000 |
| 6758.0 | 1 | $305,000 | $305,000 |
| 6837.5 | 1 | $755,000 | $755,000 |
| 7075.0 | 1 | $295,000 | $295,000 |
| 7250.0 | 1 | $165,000 | $165,000 |
| 7562.0 | 1 | $425,000 | $425,000 |
| 8628.46 | 1 | $155,000 | $155,000 |
| 8662.22 | 1 | $235,000 | $235,000 |
| 8740.84 | 1 | $215,000 | $215,000 |
| 8749.92 | 1 | $465,000 | $465,000 |
| 8948.5 | 1 | $445,000 | $445,000 |
| 9926.0 | 1 | $435,000 | $435,000 |
| NA | 1,759 | $410,995,000 | $233,653 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $515,000 | $171,667 |
| Single Family (1-4 Units):Site-Built | 2,018 | $471,190,000 | $233,494 |