Affordable Mortgage Advisors Rates, Fees & Info

Pittsburgh, PA

LEI: 549300DE8TS4EYTPX729

Tax ID: 20-1830388

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Youngstown, and New Castle among others. We have data for 27 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Affordable Mortgage Advisors. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    2,017

    Origination Dollar Volume (All Markets)

    $475,725,000

    Awards

    AFFORDABLE MORTGAGE ADVISORS 30 Year Conventional Loans bronze AFFORDABLE MORTGAGE ADVISORS FHA Loans bronze
    Show all (2) awards

    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
    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.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • 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.

    Widget Federal Credit Union
    Similarity Rank: 36
    Marquette Savings Bank
    Similarity Rank: 198
    TRI BORO
    Similarity Rank: 208
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 280
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 414
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 524
    ERIE FEDERAL CREDIT UNION
    Similarity Rank: 528
    Standard Bank, PaSB
    Similarity Rank: 584
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 639
    Seven Seventeen Credit Union
    Similarity Rank: 750

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Affordable Mortgage Advisors's most frequently originated type of loan was Conventional, with 1,792 originations. Their 2nd most popular type was FHA, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Affordable Mortgage Advisors's most frequently cited loan purpose was Home Purchase, with 1,323 originations. The 2nd most popular reason was 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 2021, Affordable Mortgage Advisors's most frequently cited loan duration was 30 Year, with 1,630 originations. The 2nd most popular length was 15 Year, with 211 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,865 $434,395,000 $232,920
    $2k-3k 88 $23,080,000 $262,273
    $3k-4k 32 $8,310,000 $259,688
    $4k-5k 16 $4,450,000 $278,125
    $5k+ 11 $4,375,000 $397,727

    Affordable Mortgage Advisors's average total fees were $4,787, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.00%, while their most frequently originated rate bucket for loans was 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 applications
    98.69%

    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 origination
    84.58%

    Affordable Mortgage Advisors has a below 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%