American Mortgage Service Company Rates, Fees & Info

CINCINNATI, OH

LEI: 549300FOZZQIQVHMVH05

Tax ID: 31-0868609

5 stars - Updated: 3/17/24 - out of 5 stars, based on 55 reviews

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

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Mortgage Data

Review & Overview

American Mortgage Service Company is a smaller 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 by origination volume include: Cincinnati, Columbus, Lexington, Louisville, and Pensacola among others. We have data for 108 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Mortgage Service 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. American Mortgage Service 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.

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 6.76% 3/17/24
30 Year Conventional Refi 6.67% 3/17/24
30 Year Cash-out Refi 6.81% 3/17/24
30 Year FHA Purchase 7.53% 3/17/24
30 Year FHA Refi 7.08% 3/17/24
30 Year VA Purchase 6.42% 3/17/24
30 Year VA Refi 6.00% 3/17/24
30 Year USDA Purchase 6.92% 3/17/24
30 Year USDA Refi 6.27% 3/17/24
15 Year Conventional Purchase 6.15% 3/17/24
15 Year Conventional Refi 6.11% 3/17/24
15 Year Cash-out Refi 6.11% 3/17/24
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.

American Mortgage Service Company Mortgage Calculator






Your Estimates

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

This is not an official calculator from American Mortgage Service Company. 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

2,992

Origination Dollar Volume (All Markets)

$712,000,000
Show all (28) awards

Relative Rate

American Mortgage Service Company's average 30 year fixed mortgage rate was 4.97%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.21%.

Relative Fees (Closing Costs)

American Mortgage Service Company's average total fees/closing costs for a 30 year fixed rate mortgage were $5,677.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 844 $186,880,000 $221,422 $5,081 5.00%
COLUMBUS, OH (FHA|USDA|VA) 316 $91,640,000 $290,000 $6,657 4.86%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 190 $57,790,000 $304,158 $6,171 4.50%
LOUISVILLE, KY (FHA|USDA|VA) 247 $57,575,000 $233,097 $5,086 4.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 162 $44,580,000 $275,185 $10,051 4.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 183 $44,095,000 $240,956 $4,349 5.02%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 67 $23,775,000 $354,851 $7,229 4.82%
Outside of Metro Areas 130 $23,570,000 $181,308 $5,055 5.13%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 113 $23,565,000 $208,540 $4,323 4.73%
BLOOMINGTON, IN (FHA|USDA|VA) 74 $20,120,000 $271,892 $5,284 4.77%
KNOXVILLE, TN (FHA|USDA|VA) 56 $18,170,000 $324,464 $5,904 4.44%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 64 $16,450,000 $257,031 $7,628 4.74%
Bluffton, IN (FHA|USDA|VA) 63 $10,315,000 $163,730 $3,185 5.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 50 $7,820,000 $156,400 $4,863 5.28%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 29 $5,875,000 $202,586 $5,485 4.65%
FORT WAYNE, IN (FHA|USDA|VA) 28 $5,740,000 $205,000 $4,023 5.25%
MUNCIE, IN (FHA|USDA|VA) 26 $4,960,000 $190,769 $3,721 5.16%
Warsaw, IN (FHA|USDA|VA) 21 $4,815,000 $229,286 $3,043 4.82%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 10 $3,220,000 $322,000 $5,192 4.83%
Decatur, IN (FHA|USDA|VA) 22 $3,200,000 $145,455 $3,613 5.23%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $3,060,000 $382,500 $7,904 4.39%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 24 $2,930,000 $122,083 $4,549 4.96%
Bardstown, KY (FHA|USDA|VA) 11 $2,735,000 $248,636 $5,110 5.26%
Frankfort, IN (FHA|USDA|VA) 10 $2,160,000 $216,000 $5,616 4.83%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 11 $2,105,000 $191,364 $4,334 4.76%
Bedford, IN (FHA|USDA|VA) 8 $1,740,000 $217,500 $4,064 4.88%
Somerset, KY (FHA|USDA|VA) 8 $1,690,000 $211,250 $4,578 4.63%
Richmond, IN (FHA|USDA|VA) 10 $1,670,000 $167,000 $4,647 5.36%
Richmond-Berea, KY (FHA|USDA|VA) 6 $1,670,000 $278,333 $9,256 5.29%
Sevierville, TN (FHA|USDA|VA) 5 $1,345,000 $269,000 $8,599 4.68%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,170,000 $292,500 $9,699 4.53%
TERRE HAUTE, IN (FHA|USDA|VA) 8 $1,080,000 $135,000 $3,817 5.30%
MORRISTOWN, TN (FHA|USDA|VA) 5 $1,055,000 $211,000 $6,228 3.90%
Central City, KY (FHA|USDA|VA) 7 $1,025,000 $146,429 $4,875 4.96%
Urbana, OH (FHA|USDA|VA) 5 $995,000 $199,000 $4,686 4.03%
Huntington, IN (FHA|USDA|VA) 6 $970,000 $161,667 $4,189 4.98%
Cookeville, TN (FHA|USDA|VA) 4 $960,000 $240,000 $7,592 4.44%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $960,000 $240,000 $6,234 5.09%
Angola, IN (FHA|USDA|VA) 4 $910,000 $227,500 $5,052 5.69%
Mount Vernon, OH (FHA|USDA|VA) 4 $880,000 $220,000 $5,457 5.84%
Wabash, IN (FHA|USDA|VA) 5 $855,000 $171,000 $2,595 4.75%
SPRINGFIELD, OH (FHA|USDA|VA) 6 $850,000 $141,667 $5,292 5.58%
COLUMBUS, IN (FHA|USDA|VA) 4 $830,000 $207,500 $7,178 5.44%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 4 $820,000 $205,000 $5,339 4.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $775,000 $258,333 $2,598 5.38%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $750,000 $375,000 $19,172 4.25%
Wilmington, OH (FHA|USDA|VA) 2 $730,000 $365,000 $8,046 6.06%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 3 $715,000 $238,333 $5,834 4.08%
Crawfordsville, IN (FHA|USDA|VA) 4 $700,000 $175,000 $4,679 3.84%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $685,000 $137,000 $5,650 4.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $670,000 $335,000 $2,681 5.63%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $665,000 $221,667 $6,834 5.83%
Greensburg, IN (FHA|USDA|VA) 4 $640,000 $160,000 $5,014 5.19%
Bellefontaine, OH (FHA|USDA|VA) 4 $630,000 $157,500 $5,599 5.53%
Marion, OH (FHA|USDA|VA) 4 $620,000 $155,000 $6,267 6.13%
Marion, IN (FHA|USDA|VA) 5 $595,000 $119,000 $3,758 5.53%
Washington, IN (FHA|USDA|VA) 3 $565,000 $188,333 $5,881 4.96%
Kendallville, IN (FHA|USDA|VA) 3 $555,000 $185,000 $6,213 5.38%
HOT SPRINGS, AR (FHA|USDA|VA) 3 $555,000 $185,000 $4,282 6.04%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $535,000 $535,000 $2,750 5.50%
Sidney, OH (FHA|USDA|VA) 2 $530,000 $265,000 $9,224 5.19%
Mount Sterling, KY (FHA|USDA|VA) 3 $515,000 $171,667 $5,315 3.46%
Maysville, KY (FHA|USDA|VA) 3 $515,000 $171,667 $7,128 5.92%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $460,000 $230,000 $7,326 4.44%
Greenville, OH (FHA|USDA|VA) 3 $455,000 $151,667 $5,585 6.04%
Bucyrus-Galion, OH (FHA|USDA|VA) 2 $440,000 $220,000 $8,668 4.69%
Frankfort, KY (FHA|USDA|VA) 2 $430,000 $215,000 $5,053 4.81%
Scottsburg, IN (FHA|USDA|VA) 2 $430,000 $215,000 $5,769 5.63%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $430,000 $215,000 $6,024 5.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $420,000 $210,000 $4,714 6.19%
New Castle, IN (FHA|USDA|VA) 3 $415,000 $138,333 $4,308 5.58%
Connersville, IN (FHA|USDA|VA) 4 $410,000 $102,500 $4,531 4.03%
HATTIESBURG, MS (FHA|USDA|VA) 2 $400,000 $200,000 $8,112 4.75%
Madisonville, KY (FHA|USDA|VA) 2 $360,000 $180,000 $6,154 5.06%
OWENSBORO, KY (FHA|USDA|VA) 3 $355,000 $118,333 $5,805 4.58%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $355,000 $118,333 $3,240 4.79%
OCALA, FL (FHA|USDA|VA) 1 $355,000 $355,000 $9,610 5.13%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $345,000 $345,000 $12,753 5.25%
MONROE, LA (FHA|USDA|VA) 2 $340,000 $170,000 $6,385 5.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $315,000 $315,000 $5,208 5.13%
London, KY (FHA|USDA|VA) 1 $295,000 $295,000 $3,120 5.25%
Wapakoneta, OH (FHA|USDA|VA) 1 $255,000 $255,000 $9,484 4.00%
Shelbyville, TN (FHA|USDA|VA) 1 $255,000 $255,000 $11,566 5.00%
Auburn, IN (FHA|USDA|VA) 2 $250,000 $125,000 $3,398 4.69%
Chillicothe, OH (FHA|USDA|VA) 1 $245,000 $245,000 $4,425 3.88%
Cullman, AL (FHA|USDA|VA) 1 $225,000 $225,000 $8,037 3.75%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $215,000 $215,000 $3,070 3.38%
KOKOMO, IN (FHA|USDA|VA) 2 $200,000 $100,000 $3,742 4.88%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $185,000 $185,000 $6,348 3.75%
Plymouth, IN (FHA|USDA|VA) 1 $185,000 $185,000 $4,581 5.63%
El Dorado, AR (FHA|USDA|VA) 1 $175,000 $175,000 $5,274 5.38%
CLEVELAND, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,344 5.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,686 4.13%
AKRON, OH (FHA|USDA|VA) 1 $165,000 $165,000 $8,054 4.75%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $165,000 $165,000 $5,498 5.25%
Logansport, IN (FHA|USDA|VA) 1 $155,000 $155,000 $4,353 5.13%
Findlay, OH (FHA|USDA|VA) 1 $155,000 $155,000 $5,233 4.88%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,694 3.50%
TOLEDO, OH (FHA|USDA|VA) 1 $145,000 $145,000 $6,256 5.25%
MOBILE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,825 6.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $135,000 $135,000 $2,932 3.50%
Martin, TN (FHA|USDA|VA) 1 $125,000 $125,000 $3,190 3.38%
Peru, IN (FHA|USDA|VA) 1 $115,000 $115,000 $3,761 5.63%
Washington Court House, OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,545 4.25%
SAGINAW, MI (FHA|USDA|VA) 1 $105,000 $105,000 $5,127 4.13%
MANSFIELD, OH (FHA|USDA|VA) 1 $95,000 $95,000 $2,846 5.75%
Defiance, OH (FHA|USDA|VA) 1 $85,000 $85,000 $3,750 3.38%
Ashtabula, OH (FHA|USDA|VA) 1 $65,000 $65,000 $3,170 4.13%
American Mortgage Service Company's top markets include Cincinnati, Columbus, Lexington, Louisville, and Pensacola among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,911 $455,955,000 $238,595 $4,309 4.94%
    FHA 726 $158,260,000 $217,989 $8,156 4.95%
    VA 250 $80,300,000 $321,200 $8,204 4.64%
    USDA 105 $17,485,000 $166,524 $4,945 4.85%

    For 2022, American Mortgage Service Company's most frequently originated type of loan was Conventional, with 1,911 originations. Their 2nd most popular type was FHA, with 726 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,631 $637,205,000 $242,191 $5,775 5.00%
    Cash Out Refi 222 $45,440,000 $204,685 $4,413 4.48%
    Refi 139 $29,355,000 $211,187 $3,977 4.03%

    For 2022, American Mortgage Service Company's most frequently cited loan purpose was Home Purchase, with 2,631 originations. The 2nd most popular reason was Cash Out Refi, with 222 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,854 $683,410,000 $239,457 $5,677 4.97%
    15 Year 95 $20,655,000 $217,421 $3,998 3.69%
    20 Year 32 $6,490,000 $202,813 $3,345 3.99%
    10 Year 6 $900,000 $150,000 $3,506 3.60%
    Other 5 $545,000 $109,000 $3,135 4.35%

    For 2022, American Mortgage Service Company's most frequently cited loan duration was 30 Year, with 2,854 originations. The 2nd most popular length was 15 Year, with 95 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,641 $358,215,000 $218,291
    $2k-3k 382 $83,620,000 $218,901
    $<1k 307 $73,435,000 $239,202
    $5k+ 260 $92,520,000 $355,846
    $3k-4k 255 $61,055,000 $239,431
    $4k-5k 147 $43,155,000 $293,571

    American Mortgage Service Company's average total fees were $5,677, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,641 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,114 $260,300,000 $233,662
    3-4% 699 $165,515,000 $236,788
    4-5% 649 $161,725,000 $249,191
    6-7% 358 $82,950,000 $231,704
    2.5-3% 92 $23,090,000 $250,978
    7-8% 63 $14,425,000 $228,968
    <2.5% 17 $3,995,000 $235,000

    During 2022, American Mortgage Service Company's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 5-6%, with 1,114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,422 $398,440,000 $280,197 $6,353 4.89%
    $100k-200k 1,107 $170,125,000 $153,681 $4,372 4.97%
    $400k-600k 214 $99,070,000 $462,944 $8,352 4.90%
    $100,000 or less 209 $16,605,000 $79,450 $3,369 4.92%
    $600k-1MM 38 $25,700,000 $676,316 $8,300 4.59%
    $1MM+ 2 $2,060,000 $1,030,000 $22,578 5.25%

    2022 saw American Mortgage Service Company place emphasis on $200k-400k loans with 1,422 originations, totaling $398,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 937 $190,035,000 $202,812 $5,271 4.91%
    $100k-150k 601 $177,755,000 $295,765 $6,390 4.90%
    $75k-100k 574 $145,260,000 $253,066 $5,978 4.95%
    $50k or less 553 $79,385,000 $143,553 $4,543 4.80%
    $150k-250k 267 $95,025,000 $355,899 $6,021 5.09%
    $250k+ 60 $24,540,000 $409,000 $6,589 5.04%

    American Mortgage Service Company lent most frequently to those with incomes in the $50k-75k range, with 937 originations. The second most popular income band? $100k-150k, with 601 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,767 $399,355,000 $226,007 $5,107 4.88%
    Not provided 1,025 $256,945,000 $250,678 $6,239 5.00%
    Black 140 $39,150,000 $279,643 $7,005 4.81%
    Asian 55 $15,495,000 $281,727 $5,273 4.68%
    American Indian 3 $675,000 $225,000 $9,757 5.46%
    Native Hawaiian or Islander 2 $380,000 $190,000 $3,729 4.88%

    Approval Rates

    Total approvals of all applications
    93.81%

    American Mortgage Service Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.44%

    American Mortgage Service Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,992 $712,000,000 $237,968

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,992 $712,000,000 $237,968

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Trouble during payment process 1 100.0%