Eustis And American Mortgage Company Rates, Fees & Info
NEW ORLEANS, LALEI: 549300DG3IV05V4C4E03
Tax ID: 72-0484657
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Mortgage Data
Review & Overview
Eustis And American Mortgage Company is a smaller 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. Their top markets by origination volume include: Dallas, Houston, New Orleans, Baton Rouge, and Shreveport among others. We have data for 62 markets. (Some data included below & more in-depth data is available with an active subscription.)Eustis And American Mortgage Company 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. Eustis And American Mortgage Company 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/18/24 |
| 30 Year Conventional Purchase | 6.76% | 4/18/24 |
| 30 Year Conventional Refi | 6.59% | 4/18/24 |
| 30 Year Cash-out Refi | 6.91% | 4/18/24 |
| 30 Year FHA Purchase | 7.57% | 4/18/24 |
| 30 Year FHA Refi | 7.47% | 4/18/24 |
| 30 Year VA Purchase | 6.45% | 4/18/24 |
| 30 Year VA Refi | 6.80% | 4/18/24 |
| 30 Year USDA Purchase | 6.88% | 4/18/24 |
| 30 Year USDA Refi | 7.21% | 4/18/24 |
| 15 Year Conventional Purchase | 6.11% | 4/18/24 |
| 15 Year Conventional Refi | 5.98% | 4/18/24 |
| 15 Year Cash-out Refi | 5.98% | 4/18/24 |
| 15 Year FHA Purchase | 7.66% | 4/18/24 |
| 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. | ||
Eustis And American Mortgage Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,082Origination Dollar Volume (All Markets)
$411,220,000Awards
EUSTIS AND AMERICAN MORTGAGE COMPANY - 2018
EUSTIS AND AMERICAN MORTGAGE COMPANY is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 270 | $66,240,000 | $245,333 | $6,828 | 4.98% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 339 | $64,435,000 | $190,074 | $5,301 | 5.15% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 222 | $51,700,000 | $232,883 | $5,355 | 4.97% |
| BATON ROUGE, LA (FHA|USDA|VA) | 208 | $42,520,000 | $204,423 | $6,058 | 4.91% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 140 | $26,190,000 | $187,071 | $5,164 | 4.93% |
| Outside of Metro Areas | 130 | $21,760,000 | $167,385 | $5,361 | 4.90% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 86 | $18,270,000 | $212,442 | $4,472 | 5.07% |
| EL PASO, TX (FHA|USDA|VA) | 95 | $17,115,000 | $180,158 | $5,283 | 4.62% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 78 | $14,200,000 | $182,051 | $8,410 | 4.51% |
| LAFAYETTE, LA (FHA|USDA|VA) | 80 | $13,950,000 | $174,375 | $6,666 | 4.80% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 69 | $10,245,000 | $148,478 | $4,025 | 5.04% |
| Fort Polk South, LA (FHA|USDA|VA) | 50 | $9,810,000 | $196,200 | $4,829 | 4.94% |
| DeRidder, LA (FHA|USDA|VA) | 44 | $7,010,000 | $159,318 | $4,470 | 5.07% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 40 | $6,550,000 | $163,750 | $6,856 | 5.10% |
| ABILENE, TX (FHA|USDA|VA) | 24 | $4,550,000 | $189,583 | $5,205 | 4.55% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $3,050,000 | $305,000 | $7,334 | 5.15% |
| Picayune, MS (FHA|USDA|VA) | 21 | $2,895,000 | $137,857 | $5,169 | 5.14% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 12 | $2,630,000 | $219,167 | $5,890 | 4.57% |
| Huntsville, TX (FHA|USDA|VA) | 12 | $2,380,000 | $198,333 | $6,107 | 4.91% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $2,175,000 | $310,714 | $5,383 | 5.09% |
| MONROE, LA (FHA|USDA|VA) | 13 | $1,905,000 | $146,538 | $5,898 | 5.13% |
| LAREDO, TX (FHA|USDA|VA) | 11 | $1,855,000 | $168,636 | $7,746 | 4.83% |
| LUBBOCK, TX (FHA|USDA|VA) | 10 | $1,840,000 | $184,000 | $5,903 | 4.51% |
| HAMMOND, LA (FHA|USDA|VA) | 11 | $1,595,000 | $145,000 | $4,096 | 4.93% |
| Opelousas, LA (FHA|USDA|VA) | 7 | $1,425,000 | $203,571 | $6,337 | 4.80% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 7 | $1,255,000 | $179,286 | $4,344 | 5.43% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $7,364 | 4.88% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 7 | $1,115,000 | $159,286 | $6,339 | 5.02% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $6,325 | 4.53% |
| Minden, LA (FHA|USDA|VA) | 7 | $765,000 | $109,286 | $5,695 | 5.07% |
| Jennings, LA (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $8,441 | 4.66% |
| LONGVIEW, TX (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $6,911 | 5.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $4,760 | 4.97% |
| Morgan City, LA (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $8,203 | 4.50% |
| Granbury, TX (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,530 | 4.71% |
| MIDLAND, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $5,277 | 4.67% |
| WACO, TX (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $7,179 | 4.71% |
| Ruston, LA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,452 | 5.04% |
| Bogalusa, LA (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $4,762 | 4.54% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,080 | 4.50% |
| Bonham, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,035 | 4.88% |
| Lufkin, TX (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,470 | 5.08% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,744 | 4.88% |
| Bay City, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,185 | 5.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,149 | 4.75% |
| New Castle, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $6,931 | 5.44% |
| TYLER, TX (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,182 | 4.69% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,314 | 4.38% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,196 | 4.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,844 | 4.63% |
| Washington, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,906 | 5.13% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,457 | 4.88% |
| Ada, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,454 | 5.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,784 | 5.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,819 | 5.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,832 | 4.13% |
| El Campo, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,272 | 5.50% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,045 | 5.50% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,821 | 4.38% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,797 | 5.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,951 | 5.50% |
| Athens, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,205 | 5.25% |
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Product Mix
For 2018, Eustis And American Mortgage Company's most frequently originated type of loan was Conventional, with 1,120 originations. Their 2nd most popular type was FHA, with 599 originations.
Loan Reason
For 2018, Eustis And American Mortgage Company's most frequently cited loan purpose was Home Purchase, with 1,693 originations. The 2nd most popular reason was Refi, with 212 originations.
Loan Duration/Length
For 2018, Eustis And American Mortgage Company's most frequently cited loan duration was 30 Year, with 1,993 originations. The 2nd most popular length was 15 Year, with 50 originations.
Origination Fees/Closing Costs
Eustis And American Mortgage Company's average total fees were $5,771, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 979 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,234 | $267,000,000 | $216,370 |
| 5-6% | 739 | $122,745,000 | $166,096 |
| 3-4% | 81 | $16,875,000 | $208,333 |
| 6-7% | 27 | $4,045,000 | $149,815 |
| 7-8% | 1 | $555,000 | $555,000 |
During 2018, Eustis And American Mortgage Company's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 4-5%, with 1,234 originations.
Loan Sizing
2018 saw Eustis And American Mortgage Company place emphasis on $100k-200k loans with 1,071 originations, totaling $159,515,000 in origination value.
Applicant Income
Eustis And American Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 599 originations. The second most popular income band? $50k or less, with 457 originations.
Applicant Debt to Income Ratio
Eustis And American Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 35 originations. The next most common DTI ratio? 50-60%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.20%
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 origination72.53%
Eustis And American Mortgage Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,082 | $411,220,000 | $197,512 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 80 | $10,510,000 | $131,375 |
| Single Family (1-4 Units):Site-Built | 2,002 | $400,710,000 | $200,155 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| EUSTIS MORTGAGE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |