American Mortgage Service Company Rates, Fees & Info

CINCINNATI, OH

LEI: 549300FOZZQIQVHMVH05

Tax ID: 31-0868609

5 stars - out of 5 stars, based on 80 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

American Mortgage Service Company is a small mortgage company specializing in Home Purchase loans. American Mortgage Service 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 Cincinnati, Louisville/jefferson County, Lexington, Columbus, and Indianapolis among others. American Mortgage Service 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. American Mortgage Service Company is typically an average fee lendor.


Originations

6,369

Origination Dollar Volume (All Markets)

$1,379,455,000
Show all (28) awards

Relative Rate

American Mortgage Service Company's average 30 year fixed rate mortgage of loans were 3.02%.

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

This yields a difference of -0.13%.

Relative Fees

American Mortgage Service Company's average total fees for a 30 year fixed rate mortgage are $4,285.

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
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1,703 $358,085,000 $210,267 $3,948 3.01%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 734 $160,300,000 $218,392 $3,757 2.94%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 458 $117,310,000 $256,135 $4,343 2.75%
COLUMBUS, OH (FHA|USDA|VA) 426 $111,400,000 $261,502 $5,355 2.95%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 457 $106,445,000 $232,921 $3,446 2.94%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 339 $77,235,000 $227,832 $6,103 3.15%
KNOXVILLE, TN (FHA|USDA|VA) 180 $53,230,000 $295,722 $3,450 2.81%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 280 $51,500,000 $183,929 $3,367 2.96%
BLOOMINGTON, IN (FHA|USDA|VA) 153 $37,365,000 $244,216 $3,340 2.94%
Outside of Metro Areas 215 $33,355,000 $155,140 $4,209 3.10%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 118 $32,700,000 $277,119 $4,338 3.04%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 117 $27,245,000 $232,863 $6,302 2.79%
Bluffton, IN (FHA|USDA|VA) 163 $26,905,000 $165,061 $2,430 2.95%
FORT WAYNE, IN (FHA|USDA|VA) 113 $21,815,000 $193,053 $3,113 2.87%
DAYTON-KETTERING, OH (FHA|USDA|VA) 84 $14,500,000 $172,619 $4,108 3.03%
MUNCIE, IN (FHA|USDA|VA) 89 $12,915,000 $145,112 $2,743 3.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 69 $12,915,000 $187,174 $4,225 2.89%
Warsaw, IN (FHA|USDA|VA) 49 $9,655,000 $197,041 $2,915 2.81%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 51 $6,695,000 $131,275 $3,581 3.08%
Marion, IN (FHA|USDA|VA) 53 $6,515,000 $122,925 $3,340 3.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 20 $4,990,000 $249,500 $5,560 2.92%
Richmond-Berea, KY (FHA|USDA|VA) 18 $3,970,000 $220,556 $3,802 2.98%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $3,210,000 $1,605,000 $10,413 2.88%
Decatur, IN (FHA|USDA|VA) 22 $3,180,000 $144,545 $2,486 3.06%
EVANSVILLE, IN-KY (FHA|USDA|VA) 14 $2,900,000 $207,143 $4,313 3.18%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 13 $2,825,000 $217,308 $8,180 3.44%
Frankfort, IN (FHA|USDA|VA) 16 $2,780,000 $173,750 $4,200 2.91%
Bardstown, KY (FHA|USDA|VA) 13 $2,775,000 $213,462 $4,938 2.88%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 14 $2,740,000 $195,714 $3,692 3.11%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $2,710,000 $338,750 $5,149 2.75%
MORRISTOWN, TN (FHA|USDA|VA) 11 $2,405,000 $218,636 $4,479 3.10%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 11 $2,395,000 $217,727 $3,401 2.91%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $2,355,000 $336,429 $6,222 3.59%
Central City, KY (FHA|USDA|VA) 18 $2,350,000 $130,556 $4,158 3.17%
Angola, IN (FHA|USDA|VA) 8 $2,290,000 $286,250 $2,800 3.00%
Huntington, IN (FHA|USDA|VA) 14 $2,150,000 $153,571 $2,085 2.85%
Bedford, IN (FHA|USDA|VA) 9 $1,955,000 $217,222 $4,179 2.81%
SPRINGFIELD, OH (FHA|USDA|VA) 13 $1,935,000 $148,846 $3,852 2.91%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $1,650,000 $206,250 $3,658 3.23%
Richmond, IN (FHA|USDA|VA) 12 $1,640,000 $136,667 $4,312 3.23%
Crawfordsville, IN (FHA|USDA|VA) 9 $1,595,000 $177,222 $3,461 2.96%
Frankfort, KY (FHA|USDA|VA) 9 $1,585,000 $176,111 $3,704 3.10%
Sevierville, TN (FHA|USDA|VA) 4 $1,570,000 $392,500 $11,128 3.09%
Cullman, AL (FHA|USDA|VA) 10 $1,570,000 $157,000 $3,544 2.98%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,450,000 $241,667 $5,713 3.08%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,425,000 $285,000 $6,394 3.15%
New Castle, IN (FHA|USDA|VA) 9 $1,165,000 $129,444 $4,327 3.21%
Logansport, IN (FHA|USDA|VA) 10 $1,160,000 $116,000 $3,808 3.26%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,140,000 $190,000 $3,865 2.94%
COLUMBUS, IN (FHA|USDA|VA) 4 $1,140,000 $285,000 $6,572 3.03%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 6 $1,090,000 $181,667 $4,394 3.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $1,050,000 $175,000 $4,860 3.27%
Auburn, IN (FHA|USDA|VA) 5 $1,025,000 $205,000 $3,995 3.13%
Wilmington, OH (FHA|USDA|VA) 5 $995,000 $199,000 $3,495 3.00%
BOWLING GREEN, KY (FHA|USDA|VA) 4 $980,000 $245,000 $5,441 3.16%
AKRON, OH (FHA|USDA|VA) 4 $920,000 $230,000 $4,822 2.75%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 4 $850,000 $212,500 $6,996 3.13%
Greenville, OH (FHA|USDA|VA) 5 $835,000 $167,000 $4,484 3.00%
MONTGOMERY, AL (FHA|USDA|VA) 4 $830,000 $207,500 $2,204 2.78%
Marion, OH (FHA|USDA|VA) 5 $815,000 $163,000 $4,610 3.48%
Urbana, OH (FHA|USDA|VA) 4 $760,000 $190,000 $5,910 3.03%
KOKOMO, IN (FHA|USDA|VA) 7 $745,000 $106,429 $3,133 3.11%
Bellefontaine, OH (FHA|USDA|VA) 3 $745,000 $248,333 $6,472 3.08%
TERRE HAUTE, IN (FHA|USDA|VA) 5 $705,000 $141,000 $3,088 3.10%
THE VILLAGES, FL (FHA|USDA|VA) 2 $670,000 $335,000 $4,541 3.50%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $645,000 $215,000 $3,739 2.71%
Wapakoneta, OH (FHA|USDA|VA) 4 $620,000 $155,000 $6,227 2.84%
Zanesville, OH (FHA|USDA|VA) 3 $605,000 $201,667 $3,171 3.38%
Newport, TN (FHA|USDA|VA) 5 $605,000 $121,000 $3,702 2.35%
Atmore, AL (FHA|USDA|VA) 3 $595,000 $198,333 $5,411 3.21%
Mount Vernon, OH (FHA|USDA|VA) 3 $575,000 $191,667 $4,407 2.75%
Kendallville, IN (FHA|USDA|VA) 3 $565,000 $188,333 $4,413 3.04%
Glasgow, KY (FHA|USDA|VA) 2 $560,000 $280,000 $4,653 3.06%
Mount Sterling, KY (FHA|USDA|VA) 4 $540,000 $135,000 $3,044 2.97%
London, KY (FHA|USDA|VA) 3 $535,000 $178,333 $3,889 2.79%
Key West, FL (FHA|USDA|VA) 1 $525,000 $525,000 $5,176 3.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $520,000 $260,000 $4,569 3.44%
Peru, IN (FHA|USDA|VA) 5 $515,000 $103,000 $3,169 2.98%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $505,000 $168,333 $2,473 3.04%
Shelbyville, TN (FHA|USDA|VA) 1 $465,000 $465,000 $20,286 3.25%
North Vernon, IN (FHA|USDA|VA) 3 $455,000 $151,667 $2,433 2.83%
TOLEDO, OH (FHA|USDA|VA) 3 $435,000 $145,000 $5,012 2.96%
Greensburg, IN (FHA|USDA|VA) 3 $425,000 $141,667 $4,251 2.79%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $420,000 $210,000 $2,362 2.63%
Somerset, KY (FHA|USDA|VA) 3 $415,000 $138,333 $3,117 3.46%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $410,000 $205,000 $5,333 2.44%
Madisonville, KY (FHA|USDA|VA) 2 $410,000 $205,000 $5,937 2.63%
Coldwater, MI (FHA|USDA|VA) 1 $405,000 $405,000 $2,852 2.25%
Maysville, KY (FHA|USDA|VA) 3 $385,000 $128,333 $4,484 2.79%
Seymour, IN (FHA|USDA|VA) 1 $385,000 $385,000 $5,031 3.13%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,052 3.38%
SAGINAW, MI (FHA|USDA|VA) 1 $375,000 $375,000 $11,749 3.63%
Washington Court House, OH (FHA|USDA|VA) 2 $350,000 $175,000 $4,705 2.75%
Sandusky, OH (FHA|USDA|VA) 2 $350,000 $175,000 $3,538 3.00%
Jackson, OH (FHA|USDA|VA) 1 $345,000 $345,000 $10,313 2.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,894 2.44%
Defiance, OH (FHA|USDA|VA) 2 $330,000 $165,000 $5,177 2.69%
OWENSBORO, KY (FHA|USDA|VA) 3 $325,000 $108,333 $3,408 2.83%
Celina, OH (FHA|USDA|VA) 2 $310,000 $155,000 $5,868 3.06%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $13,657 4.00%
Cookeville, TN (FHA|USDA|VA) 2 $270,000 $135,000 $2,677 3.00%
PANAMA CITY, FL (FHA|USDA|VA) 2 $270,000 $135,000 $4,176 2.94%
MIDLAND, MI (FHA|USDA|VA) 1 $265,000 $265,000 $12,381 2.63%
Washington, IN (FHA|USDA|VA) 2 $250,000 $125,000 $2,224 3.25%
Portsmouth, OH (FHA|USDA|VA) 2 $250,000 $125,000 $3,267 2.75%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,712 2.50%
Campbellsville, KY (FHA|USDA|VA) 2 $230,000 $115,000 $4,439 3.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,063 3.25%
Brownsville, TN (FHA|USDA|VA) 2 $210,000 $105,000 $3,573 3.25%
MANSFIELD, OH (FHA|USDA|VA) 2 $210,000 $105,000 $5,115 2.81%
Jasper, IN (FHA|USDA|VA) 1 $195,000 $195,000 $4,359 3.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $6,150 3.13%
Athens, TN (FHA|USDA|VA) 1 $185,000 $185,000 $5,271 2.63%
Plymouth, IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,007 2.50%
Tiffin, OH (FHA|USDA|VA) 1 $185,000 $185,000 $4,922 3.00%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $185,000 $185,000 $5,654 2.88%
Sidney, OH (FHA|USDA|VA) 2 $180,000 $90,000 $3,383 3.44%
MOBILE, AL (FHA|USDA|VA) 1 $175,000 $175,000 $4,355 2.25%
Connersville, IN (FHA|USDA|VA) 3 $175,000 $58,333 $2,876 3.21%
FLINT, MI (FHA|USDA|VA) 1 $165,000 $165,000 $6,299 2.75%
Chillicothe, OH (FHA|USDA|VA) 1 $155,000 $155,000 $6,462 3.50%
MONROE, MI (FHA|USDA|VA) 1 $145,000 $145,000 $3,726 3.88%
Scottsburg, IN (FHA|USDA|VA) 1 $135,000 $135,000 $4,462 2.88%
Athens, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,585 2.63%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $125,000 $125,000 $3,013 3.13%
Murray, KY (FHA|USDA|VA) 1 $115,000 $115,000 $5,084 3.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $105,000 $105,000 $3,620 3.25%
DECATUR, AL (FHA|USDA|VA) 1 $105,000 $105,000 $2,726 2.75%
Paducah, KY-IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,362 3.00%
Paris, TN (FHA|USDA|VA) 1 $75,000 $75,000 $3,235 3.38%
Danville, KY (FHA|USDA|VA) 1 $55,000 $55,000 $1,329 2.75%

American Mortgage Service Company's top markets include Cincinnati, Louisville/jefferson County, Lexington, Columbus, and Indianapolis among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 4,374 $961,010,000 $219,710 $3,152 2.98%
FHA 1,237 $241,085,000 $194,895 $6,761 3.03%
VA 516 $138,650,000 $268,702 $5,626 2.77%
USDA 242 $38,710,000 $159,959 $4,590 2.90%

For the 2021 period, American Mortgage Service Company's most frequently originated loan type of loans were Conventional, with 4,374 originations. Their 2nd most popular type is FHA, with 1,237 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 4,353 $981,285,000 $225,427 $4,602 3.00%
Refi 1,248 $248,810,000 $199,367 $2,833 2.78%
Cash Out Refi 734 $143,140,000 $195,014 $3,243 3.07%
Other 33 $6,135,000 $185,909 $2,616 3.01%
Home Improvement 1 $85,000 $85,000 $2,361 2.88%

For the 2021, American Mortgage Service Company's most frequently cited loan purpose of loans were Home Purchase, with 4,353 originations. The 2nd most popular reason of loans were Refi, with 1,248 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 5,591 $1,231,615,000 $220,285 $4,285 3.02%
15 Year 477 $88,555,000 $185,650 $2,644 2.48%
20 Year 217 $43,225,000 $199,194 $2,612 2.75%
Other 50 $10,290,000 $205,800 $2,576 2.91%
10 Year 34 $5,770,000 $169,706 $2,505 2.52%

For the 2021, American Mortgage Service Company's most frequently cited loan length of loans were 30 Year, with 5,591 originations. The 2nd most popular length of loans were 15 Year, with 477 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 4,655 $981,875,000 $210,929
$<1k 1,186 $272,940,000 $230,135
$2k-3k 336 $73,710,000 $219,375
$3k-4k 157 $38,865,000 $247,548
$5k+ 35 $12,065,000 $344,714

$4,285 of loans were American Mortgage Service Company's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 4,655 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,867 $642,975,000 $224,268
3-4% 2,350 $472,250,000 $200,957
<2.5% 1,045 $245,105,000 $234,550
4-5% 107 $19,125,000 $178,738

During 2021, American Mortgage Service Company's average interest rate of loans were 3.02%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,867 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,875 $783,435,000 $272,499 $4,670 2.91%
$100k-200k 2,637 $401,515,000 $152,262 $3,576 3.00%
$100,000 or less 538 $41,750,000 $77,602 $2,861 3.12%
$400k-600k 307 $141,145,000 $459,756 $4,774 2.91%
$600k-1MM 10 $7,440,000 $744,000 $6,992 3.13%
$1MM+ 2 $4,170,000 $2,085,000 $11,894 3.38%

2021 saw American Mortgage Service Company place emphasis on $200k-400k loans with 2,875 originations, totaling $783,435,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,890 $373,490,000 $197,614 $4,269 2.98%
$50k or less 1,537 $223,865,000 $145,651 $3,914 3.01%
$75k-100k 1,170 $273,850,000 $234,060 $4,306 2.96%
$100k-150k 1,101 $296,045,000 $268,887 $3,961 2.94%
$150k-250k 482 $150,500,000 $312,241 $3,830 2.92%
$250k+ 126 $48,540,000 $385,238 $3,880 2.96%

American Mortgage Service Company lent most frequently to those with incomes in the $50k-75k range, with 1,890 originations. The second most popular income band? $50k or less, with 1,537 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 526 $107,860,000 $205,057 $3,285 2.74%
30-36% 329 $68,115,000 $207,036 $3,566 2.77%
<20% 212 $42,540,000 $200,660 $2,823 2.61%
50-60% 75 $17,635,000 $235,133 $6,803 2.55%
36% 66 $14,520,000 $220,000 $4,040 2.76%
39% 64 $12,440,000 $194,375 $4,184 2.91%
43% 63 $14,045,000 $222,937 $4,160 2.76%
42% 61 $13,075,000 $214,344 $3,667 2.78%
37% 61 $13,295,000 $217,951 $4,054 2.79%
38% 61 $12,545,000 $205,656 $4,448 2.74%
44% 61 $14,035,000 $230,082 $3,640 2.78%
40% 55 $11,675,000 $212,273 $3,720 2.74%
41% 54 $12,200,000 $225,926 $4,180 2.82%
45% 45 $10,325,000 $229,444 $4,746 2.88%
46% 43 $9,255,000 $215,233 $4,491 2.81%
48% 31 $6,435,000 $207,581 $4,485 2.81%
47% 31 $5,925,000 $191,129 $4,449 2.72%
49% 29 $6,605,000 $227,759 $5,091 2.73%
>60% 4 $990,000 $247,500 $8,837 3.28%

American Mortgage Service Company lent most frequently to those with DTI ratios of 20-30%, with 526 originations. The next most common DTI ratio? 30-36%, with 329 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,083 $853,765,000 $209,102 $3,826 2.96%
Not provided 1,773 $398,405,000 $224,707 $4,446 3.01%
Black 289 $66,515,000 $230,156 $5,472 2.96%
Asian 198 $55,340,000 $279,495 $4,084 2.82%
American Indian 15 $2,615,000 $174,333 $5,067 3.05%
Asian Indian 3 $825,000 $275,000 $3,125 2.67%
Native Hawaiian 4 $770,000 $192,500 $3,145 3.56%
Not applicable 2 $650,000 $325,000 $4,828 2.38%
Other Asian 1 $445,000 $445,000 $2,701 2.25%
Filipino 1 $125,000 $125,000 $2,075 2.38%

Approval Rates

Total approvals of all applications
94.68%

American Mortgage Service Company has an average approval rate.

Pick Rate

Approvals leading to origination
84.00%

American Mortgage Service Company has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 6,369 $1,379,455,000 $216,589

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
6,369 $1,379,455,000 $216,589

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 34 $4,210,000 $123,824 $2,410 2.53%
40-60% 169 $33,905,000 $200,621 $2,617 2.54%
60-80% 582 $123,570,000 $212,320 $2,824 2.73%
80-100% 1,091 $233,525,000 $214,047 $4,335 2.78%
Over 100% 38 $10,860,000 $285,789 $9,458 2.62%
Under 20% 8 $220,000 $27,500 $2,528 2.70%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
American Mortgage Service Company Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
American Mortgage Service Company FHA mortgage Closing on a mortgage 2 66.7%