Eustis And American Mortgage Company Rates, Fees & Info

NEW ORLEANS, LA

LEI: 549300DG3IV05V4C4E03

Tax ID: 72-0484657

3.7 stars - out of 5 stars, based on 73 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Eustis And American Mortgage Company is a small mortgage company specializing in Home Purchase loans. Eustis And American Mortgage Company 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 New Orleans, Dallas, Houston, Baton Rouge, and Nashville among others. Eustis And American Mortgage Company 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. Eustis And American Mortgage Company is typically a high fee lendor.


Originations

5,320

Origination Dollar Volume (All Markets)

$1,351,560,000
Show all (20) awards

Relative Rate

Eustis And American Mortgage Company's average 30 year fixed rate mortgage of loans were 3.12%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.03%.

Relative Fees

Eustis And American Mortgage Company's average total fees for a 30 year fixed rate mortgage are $6,105.

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
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1,142 $343,520,000 $300,806 $5,607 3.09%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 732 $222,350,000 $303,757 $7,315 3.14%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 619 $151,615,000 $244,935 $5,904 3.10%
BATON ROUGE, LA (FHA|USDA|VA) 512 $125,850,000 $245,801 $6,202 2.98%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 258 $72,830,000 $282,287 $4,462 3.11%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 304 $64,970,000 $213,717 $5,697 3.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 309 $59,735,000 $193,317 $4,131 3.16%
Outside of Metro Areas 173 $37,235,000 $215,231 $5,930 3.13%
EL PASO, TX (FHA|USDA|VA) 113 $25,245,000 $223,407 $5,880 2.87%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 123 $24,865,000 $202,154 $6,263 2.86%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 105 $21,735,000 $207,000 $7,955 2.87%
AMARILLO, TX (FHA|USDA|VA) 109 $20,235,000 $185,642 $6,429 3.26%
Fort Polk South, LA (FHA|USDA|VA) 90 $17,360,000 $192,889 $5,303 2.81%
DeRidder, LA (FHA|USDA|VA) 81 $15,705,000 $193,889 $5,642 2.84%
LAFAYETTE, LA (FHA|USDA|VA) 53 $10,895,000 $205,566 $5,599 2.97%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 26 $10,710,000 $411,923 $7,578 3.18%
Picayune, MS (FHA|USDA|VA) 58 $10,520,000 $181,379 $5,493 2.98%
HAMMOND, LA (FHA|USDA|VA) 39 $7,975,000 $204,487 $4,902 2.93%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 31 $6,325,000 $204,032 $4,643 2.94%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 19 $6,175,000 $325,000 $6,789 3.11%
Minden, LA (FHA|USDA|VA) 34 $5,320,000 $156,471 $5,516 3.08%
Pampa, TX (FHA|USDA|VA) 35 $5,105,000 $145,857 $5,593 3.23%
CANTON-MASSILLON, OH (FHA|USDA|VA) 21 $4,075,000 $194,048 $3,813 3.46%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $3,935,000 $787,000 $9,107 3.20%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 9 $3,735,000 $415,000 $4,067 2.96%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $3,275,000 $467,857 $4,079 2.95%
ALEXANDRIA, LA (FHA|USDA|VA) 9 $2,805,000 $311,667 $5,916 2.71%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $2,680,000 $446,667 $9,708 3.13%
LAKE CHARLES, LA (FHA|USDA|VA) 10 $2,680,000 $268,000 $6,480 3.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 10 $2,580,000 $258,000 $6,590 2.85%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 8 $2,330,000 $291,250 $5,612 3.22%
TYLER, TX (FHA|USDA|VA) 8 $2,270,000 $283,750 $5,556 3.20%
Huntsville, TX (FHA|USDA|VA) 11 $1,875,000 $170,455 $4,662 3.30%
JACKSON, MS (FHA|USDA|VA) 6 $1,740,000 $290,000 $8,970 2.90%
SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $1,610,000 $268,333 $8,207 2.94%
COLUMBUS, OH (FHA|USDA|VA) 6 $1,550,000 $258,333 $8,342 3.21%
Opelousas, LA (FHA|USDA|VA) 7 $1,465,000 $209,286 $4,726 3.34%
PANAMA CITY, FL (FHA|USDA|VA) 5 $1,395,000 $279,000 $6,916 3.25%
AKRON, OH (FHA|USDA|VA) 7 $1,335,000 $190,714 $3,539 3.57%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 6 $1,240,000 $206,667 $3,038 3.25%
LUBBOCK, TX (FHA|USDA|VA) 6 $1,230,000 $205,000 $5,551 3.73%
MOBILE, AL (FHA|USDA|VA) 8 $1,230,000 $153,750 $4,531 3.16%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,210,000 $302,500 $8,671 3.06%
Bay City, TX (FHA|USDA|VA) 5 $1,175,000 $235,000 $6,137 3.43%
OKLAHOMA CITY, OK (FHA|USDA|VA) 5 $1,155,000 $231,000 $4,674 3.53%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 8 $1,150,000 $143,750 $4,616 3.75%
WACO, TX (FHA|USDA|VA) 5 $1,095,000 $219,000 $5,364 3.30%
Paris, TX (FHA|USDA|VA) 3 $1,075,000 $358,333 $7,004 3.25%
MONTGOMERY, AL (FHA|USDA|VA) 3 $995,000 $331,667 $4,805 2.88%
MONROE, LA (FHA|USDA|VA) 4 $980,000 $245,000 $8,503 2.97%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 4 $890,000 $222,500 $5,545 3.69%
Athens, TX (FHA|USDA|VA) 4 $880,000 $220,000 $6,187 3.03%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $860,000 $430,000 $5,168 3.06%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $780,000 $390,000 $9,681 2.87%
Bogalusa, LA (FHA|USDA|VA) 4 $770,000 $192,500 $7,245 3.31%
Natchitoches, LA (FHA|USDA|VA) 4 $760,000 $190,000 $8,021 2.88%
MIDLAND, TX (FHA|USDA|VA) 3 $735,000 $245,000 $7,352 3.13%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $730,000 $182,500 $6,114 2.91%
Hereford, TX (FHA|USDA|VA) 4 $730,000 $182,500 $5,962 2.88%
LONGVIEW, TX (FHA|USDA|VA) 5 $705,000 $141,000 $4,543 3.28%
New Castle, IN (FHA|USDA|VA) 6 $700,000 $116,667 $4,798 3.21%
BOWLING GREEN, KY (FHA|USDA|VA) 4 $690,000 $172,500 $6,043 3.66%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $690,000 $172,500 $4,887 3.38%
Alamogordo, NM (FHA|USDA|VA) 2 $670,000 $335,000 $8,827 2.88%
Lufkin, TX (FHA|USDA|VA) 5 $665,000 $133,000 $6,268 3.23%
BOULDER, CO (FHA|USDA|VA) 1 $645,000 $645,000 $3,269 2.50%
Ruston, LA (FHA|USDA|VA) 3 $645,000 $215,000 $4,969 3.38%
Granbury, TX (FHA|USDA|VA) 3 $585,000 $195,000 $5,768 2.96%
Corsicana, TX (FHA|USDA|VA) 2 $570,000 $285,000 $17,042 3.00%
Glenwood Springs, CO (FHA|USDA|VA) 1 $545,000 $545,000 $4,112 3.50%
Cookeville, TN (FHA|USDA|VA) 2 $540,000 $270,000 $7,054 3.19%
ASHEVILLE, NC (FHA|USDA|VA) 2 $530,000 $265,000 $5,713 3.13%
Brevard, NC (FHA|USDA|VA) 1 $525,000 $525,000 $5,900 2.88%
Morgan City, LA (FHA|USDA|VA) 3 $515,000 $171,667 $4,100 2.67%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $515,000 $515,000 $4,024 2.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $510,000 $255,000 $8,038 3.31%
BLOOMINGTON, IN (FHA|USDA|VA) 3 $465,000 $155,000 $3,743 3.42%
Borger, TX (FHA|USDA|VA) 5 $455,000 $91,000 $5,021 3.28%
SAVANNAH, GA (FHA|USDA|VA) 2 $450,000 $225,000 $8,697 3.19%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $410,000 $205,000 $2,971 2.81%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,250 2.99%
GREELEY, CO (FHA|USDA|VA) 1 $395,000 $395,000 $4,043 2.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $395,000 $395,000 $3,262 2.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,399 2.94%
Gainesville, TX (FHA|USDA|VA) 2 $380,000 $190,000 $6,069 3.12%
HATTIESBURG, MS (FHA|USDA|VA) 1 $355,000 $355,000 $13,573 3.13%
Bonham, TX (FHA|USDA|VA) 1 $345,000 $345,000 $5,977 4.00%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $315,000 $315,000 $3,442 2.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $315,000 $315,000 $4,399 3.25%
Natchez, MS-LA (FHA|USDA|VA) 1 $315,000 $315,000 $3,541 2.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $310,000 $155,000 $5,558 3.38%
Wooster, OH (FHA|USDA|VA) 1 $305,000 $305,000 $3,964 3.25%
Warrensburg, MO (FHA|USDA|VA) 1 $305,000 $305,000 $2,761 3.00%
LAS CRUCES, NM (FHA|USDA|VA) 2 $300,000 $150,000 $5,791 3.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $295,000 $295,000 $4,777 4.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $290,000 $145,000 $4,850 3.19%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $285,000 $285,000 $3,749 3.38%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $275,000 $275,000 $8,425 3.25%
COLUMBUS, IN (FHA|USDA|VA) 2 $260,000 $130,000 $6,715 3.25%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $255,000 $255,000 $5,893 2.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $240,000 $120,000 $3,845 3.88%
Kerrville, TX (FHA|USDA|VA) 1 $235,000 $235,000 $5,871 2.25%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $225,000 $225,000 $6,184 3.50%
Ashland, OH (FHA|USDA|VA) 1 $215,000 $215,000 $5,390 3.50%
Mount Pleasant, TX (FHA|USDA|VA) 1 $215,000 $215,000 $6,876 3.13%
LAREDO, TX (FHA|USDA|VA) 1 $215,000 $215,000 $9,261 2.88%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $215,000 $215,000 $3,684 3.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,849 4.38%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $195,000 $195,000 $4,454 3.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $195,000 $195,000 $3,650 2.63%
VICTORIA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,423 2.88%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $195,000 $195,000 $9,875 3.50%
Columbus, MS (FHA|USDA|VA) 1 $185,000 $185,000 $6,773 3.25%
KOKOMO, IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,648 2.75%
Frankfort, IN (FHA|USDA|VA) 2 $180,000 $90,000 $3,930 3.75%
HINESVILLE, GA (FHA|USDA|VA) 1 $175,000 $175,000 $1,247 3.00%
Nacogdoches, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,059 2.38%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $7,356 3.50%
Mineral Wells, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,570 3.50%
ODESSA, TX (FHA|USDA|VA) 2 $170,000 $85,000 $4,022 3.06%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $145,000 $145,000 $2,983 2.50%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,556 2.63%
Palestine, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,735 3.00%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $5,181 3.25%
FORT WAYNE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $3,780 2.75%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $115,000 $115,000 $4,185 3.38%
Holland, MI (FHA|USDA|VA) 1 $115,000 $115,000 $4,891 3.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $105,000 $105,000 $3,721 3.75%
Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,771 2.63%
MUNCIE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,462 2.25%
ABILENE, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,762 3.88%
Tupelo, MS (FHA|USDA|VA) 1 $75,000 $75,000 $3,171 3.63%
Statesboro, GA (FHA|USDA|VA) 1 $75,000 $75,000 $4,631 3.25%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $75,000 $75,000 $2,623 3.25%
Connersville, IN (FHA|USDA|VA) 1 $75,000 $75,000 $2,672 3.38%
Marion, IN (FHA|USDA|VA) 1 $65,000 $65,000 $2,686 2.38%
Vincennes, IN (FHA|USDA|VA) 1 $65,000 $65,000 $3,207 2.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,500 3.38%

Eustis And American Mortgage Company's top markets include New Orleans, Dallas, Houston, Baton Rouge, and Nashville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,480 $935,570,000 $268,842 $4,932 3.11%
FHA 1,115 $243,915,000 $218,758 $8,452 3.12%
VA 403 $115,135,000 $285,695 $7,215 2.80%
USDA 322 $56,940,000 $176,832 $5,736 2.85%

For the 2021 period, Eustis And American Mortgage Company's most frequently originated loan type of loans were Conventional, with 3,480 originations. Their 2nd most popular type is FHA, with 1,115 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,450 $881,540,000 $255,519 $6,438 3.10%
Refi 1,072 $264,770,000 $246,987 $4,571 2.87%
Cash Out Refi 790 $204,530,000 $258,899 $5,296 3.21%
Other 7 $615,000 $87,857 $0 5.59%
Home Improvement 1 $105,000 $105,000 $7,403 2.25%

For the 2021, Eustis And American Mortgage Company's most frequently cited loan purpose of loans were Home Purchase, with 3,450 originations. The 2nd most popular reason of loans were Refi, with 1,072 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,696 $1,220,120,000 $259,821 $6,105 3.12%
15 Year 416 $86,960,000 $209,038 $4,230 2.57%
20 Year 139 $30,585,000 $220,036 $4,480 2.87%
Other 48 $10,250,000 $213,542 $4,379 3.30%
10 Year 21 $3,645,000 $173,571 $3,730 2.74%

For the 2021, Eustis And American Mortgage Company's most frequently cited loan length of loans were 30 Year, with 4,696 originations. The 2nd most popular length of loans were 15 Year, with 416 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 3,441 $852,795,000 $247,833
$2k-3k 628 $150,520,000 $239,682
$3k-4k 538 $143,410,000 $266,561
$<1k 379 $85,795,000 $226,372
$5k+ 315 $115,735,000 $367,413

$6,105 of loans were Eustis And American Mortgage Company's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,441 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 2,396 $595,720,000 $248,631
2.5-3% 2,024 $536,970,000 $265,301
<2.5% 748 $190,110,000 $254,158
4-5% 141 $27,605,000 $195,780
5-6% 6 $500,000 $83,333
6-7% 5 $655,000 $131,000

During 2021, Eustis And American Mortgage Company's average interest rate of loans were 3.12%, while their most frequently originated rate bucket of loans were 3-4%, with 2,396 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,577 $714,725,000 $277,348 $6,449 3.03%
$100k-200k 1,853 $286,495,000 $154,611 $4,892 3.09%
$400k-600k 499 $237,005,000 $474,960 $7,009 3.01%
$100,000 or less 289 $23,135,000 $80,052 $3,873 3.37%
$600k-1MM 76 $56,820,000 $747,632 $9,586 3.16%
$1MM+ 26 $33,380,000 $1,283,846 $11,354 3.07%

2021 saw Eustis And American Mortgage Company place emphasis on $200k-400k loans with 2,577 originations, totaling $714,725,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,255 $264,425,000 $210,697 $5,884 3.07%
$100k-150k 1,115 $317,055,000 $284,354 $6,257 3.08%
$75k-100k 990 $247,510,000 $250,010 $6,129 3.06%
$50k or less 981 $158,305,000 $161,371 $5,077 3.02%
$150k-250k 705 $235,455,000 $333,979 $5,787 3.12%
$250k+ 246 $121,120,000 $492,358 $7,005 3.18%

Eustis And American Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 1,255 originations. The second most popular income band? $100k-150k, with 1,115 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
43% 4 $950,000 $237,500 $5,402 2.97%
20-30% 4 $1,020,000 $255,000 $3,860 2.94%
30-36% 4 $1,100,000 $275,000 $4,972 3.38%
<20% 2 $220,000 $110,000 $3,261 3.44%
41% 2 $650,000 $325,000 $3,755 2.88%
44% 2 $480,000 $240,000 $4,597 2.81%
49% 2 $620,000 $310,000 $3,870 3.06%
48% 1 $175,000 $175,000 $5,662 3.63%
39% 1 $315,000 $315,000 $10,603 3.63%
50-60% 1 $415,000 $415,000 $15,289 2.88%

Eustis And American Mortgage Company lent most frequently to those with DTI ratios of 43%, with 4 originations. The next most common DTI ratio? 20-30%, with 4 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,571 $920,745,000 $257,840 $5,702 3.05%
Not provided 809 $217,675,000 $269,067 $6,154 3.11%
Black 682 $154,460,000 $226,481 $6,863 3.11%
Asian 235 $53,485,000 $227,596 $5,033 3.15%
American Indian 19 $4,115,000 $216,579 $5,961 3.00%
Native Hawaiian 4 $1,080,000 $270,000 $5,024 2.91%

Approval Rates

Total approvals of all applications
96.19%

Eustis And American Mortgage Company 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
74.44%

Eustis And American Mortgage Company has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 5,320 $1,351,560,000 $254,053

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
5,320 $1,351,560,000 $254,053

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1 $125,000 $125,000 $3,347 2.88%
40-60% 2 $300,000 $150,000 $4,933 2.75%
60-80% 6 $1,230,000 $205,000 $3,579 3.29%
80-100% 12 $3,440,000 $286,667 $6,369 3.15%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
EUSTIS MORTGAGE CORPORATION FHA mortgage Closing on a mortgage 1 100.0%