American Mortgage Service Company Rates, Fees & Info
CINCINNATI, OHLEI: 549300FOZZQIQVHMVH05
Tax ID: 31-0868609
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Mortgage Data
Review & Overview
American Mortgage Service Company is a small mortgage company specializing in Home Purchase and Refi 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, Louisville, Indianapolis, Lexington, and Columbus among others. We have data for 122 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 a low 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.76% | 4/21/24 |
| 30 Year Conventional Refi | 6.67% | 4/21/24 |
| 30 Year Cash-out Refi | 6.81% | 4/21/24 |
| 30 Year FHA Purchase | 7.53% | 4/21/24 |
| 30 Year FHA Refi | 7.08% | 4/21/24 |
| 30 Year VA Purchase | 6.42% | 4/21/24 |
| 30 Year VA Refi | 6.00% | 4/21/24 |
| 30 Year USDA Purchase | 6.92% | 4/21/24 |
| 30 Year USDA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.15% | 4/21/24 |
| 15 Year Conventional Refi | 6.11% | 4/21/24 |
| 15 Year Cash-out Refi | 6.11% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,604Origination Dollar Volume (All Markets)
$1,373,190,000Awards
AMERICAN MORTGAGE SERVICE COMPANY - 2020
AMERICAN MORTGAGE SERVICE COMPANY is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1,745 | $348,365,000 | $199,636 | $3,901 | 3.16% |
| LOUISVILLE, KY (FHA|USDA|VA) | 601 | $131,135,000 | $218,195 | $3,988 | 3.15% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 536 | $123,990,000 | $231,325 | $3,272 | 3.09% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 490 | $115,610,000 | $235,939 | $4,279 | 3.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 420 | $104,700,000 | $249,286 | $5,489 | 3.11% |
| KNOXVILLE, TN (FHA|USDA|VA) | 255 | $73,985,000 | $290,137 | $3,806 | 3.05% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 347 | $73,085,000 | $210,620 | $5,276 | 3.23% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 258 | $47,550,000 | $184,302 | $3,902 | 3.16% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 164 | $38,060,000 | $232,073 | $3,157 | 3.07% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 135 | $36,175,000 | $267,963 | $5,047 | 3.23% |
| Bluffton, IN (FHA|USDA|VA) | 189 | $30,265,000 | $160,132 | $2,386 | 3.21% |
| Outside of Metro Areas | 197 | $29,265,000 | $148,553 | $3,748 | 3.23% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 138 | $27,900,000 | $202,174 | $4,933 | 3.07% |
| FORT WAYNE, IN (FHA|USDA|VA) | 142 | $26,200,000 | $184,507 | $3,159 | 3.14% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 69 | $12,695,000 | $183,986 | $4,142 | 3.01% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 69 | $12,375,000 | $179,348 | $4,368 | 3.09% |
| MUNCIE, IN (FHA|USDA|VA) | 90 | $12,020,000 | $133,556 | $2,877 | 3.07% |
| Warsaw, IN (FHA|USDA|VA) | 61 | $11,675,000 | $191,393 | $2,650 | 2.90% |
| Marion, IN (FHA|USDA|VA) | 64 | $7,660,000 | $119,688 | $2,892 | 3.10% |
| MONTGOMERY, AL (FHA|USDA|VA) | 34 | $6,430,000 | $189,118 | $3,647 | 3.28% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 41 | $5,485,000 | $133,780 | $3,582 | 3.36% |
| Bardstown, KY (FHA|USDA|VA) | 28 | $5,230,000 | $186,786 | $4,929 | 3.28% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 14 | $3,610,000 | $257,857 | $3,692 | 3.38% |
| Richmond-Berea, KY (FHA|USDA|VA) | 14 | $3,530,000 | $252,143 | $3,526 | 3.03% |
| Sevierville, TN (FHA|USDA|VA) | 15 | $3,195,000 | $213,000 | $4,737 | 3.14% |
| Decatur, IN (FHA|USDA|VA) | 22 | $3,090,000 | $140,455 | $3,412 | 3.13% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 24 | $3,040,000 | $126,667 | $4,498 | 3.60% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 15 | $2,855,000 | $190,333 | $5,144 | 3.43% |
| Richmond, IN (FHA|USDA|VA) | 19 | $2,595,000 | $136,579 | $3,860 | 3.39% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 14 | $2,510,000 | $179,286 | $3,691 | 3.20% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 13 | $2,475,000 | $190,385 | $4,262 | 3.00% |
| Huntington, IN (FHA|USDA|VA) | 18 | $2,440,000 | $135,556 | $3,051 | 3.31% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 10 | $2,300,000 | $230,000 | $3,837 | 3.14% |
| Frankfort, IN (FHA|USDA|VA) | 12 | $2,140,000 | $178,333 | $4,565 | 3.10% |
| MORRISTOWN, TN (FHA|USDA|VA) | 12 | $2,120,000 | $176,667 | $4,872 | 2.99% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 10 | $2,110,000 | $211,000 | $4,123 | 3.08% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 10 | $1,880,000 | $188,000 | $5,618 | 3.34% |
| Frankfort, KY (FHA|USDA|VA) | 12 | $1,860,000 | $155,000 | $4,020 | 3.28% |
| Wabash, IN (FHA|USDA|VA) | 10 | $1,750,000 | $175,000 | $2,666 | 2.98% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $8,660 | 3.06% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $1,530,000 | $191,250 | $5,620 | 3.25% |
| New Castle, IN (FHA|USDA|VA) | 11 | $1,455,000 | $132,273 | $3,148 | 3.18% |
| Crawfordsville, IN (FHA|USDA|VA) | 10 | $1,400,000 | $140,000 | $4,094 | 3.49% |
| Central City, KY (FHA|USDA|VA) | 15 | $1,385,000 | $92,333 | $3,468 | 3.86% |
| Danville, KY (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $3,436 | 2.83% |
| Auburn, IN (FHA|USDA|VA) | 9 | $1,285,000 | $142,778 | $2,744 | 2.96% |
| AKRON, OH (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $3,767 | 2.94% |
| Urbana, OH (FHA|USDA|VA) | 9 | $1,185,000 | $131,667 | $4,143 | 3.44% |
| Bedford, IN (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $3,387 | 3.25% |
| Logansport, IN (FHA|USDA|VA) | 9 | $1,115,000 | $123,889 | $3,963 | 3.11% |
| Angola, IN (FHA|USDA|VA) | 7 | $1,075,000 | $153,571 | $2,271 | 3.48% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $4,213 | 3.20% |
| Washington, IN (FHA|USDA|VA) | 9 | $995,000 | $110,556 | $3,762 | 3.47% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $6,156 | 2.97% |
| Wilmington, OH (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $3,271 | 3.19% |
| London, KY (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $3,771 | 3.69% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $5,736 | 2.71% |
| COLUMBUS, IN (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $4,027 | 3.00% |
| KOKOMO, IN (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $3,865 | 3.08% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $3,972 | 2.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $2,371 | 2.67% |
| Kendallville, IN (FHA|USDA|VA) | 6 | $830,000 | $138,333 | $4,350 | 3.19% |
| Madisonville, KY (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $3,198 | 3.40% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $6,296 | 2.38% |
| Coldwater, MI (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $3,291 | 2.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $5,759 | 2.97% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 7 | $785,000 | $112,143 | $3,056 | 3.27% |
| Cullman, AL (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $2,741 | 2.93% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $3,928 | 3.05% |
| TOLEDO, OH (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $5,218 | 3.06% |
| Somerset, KY (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $4,846 | 3.17% |
| OWENSBORO, KY (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $2,286 | 3.28% |
| Mount Sterling, KY (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $4,849 | 3.22% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,634 | 2.50% |
| Mount Vernon, OH (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,764 | 2.88% |
| Sidney, OH (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $4,526 | 3.66% |
| JACKSON, TN (FHA|USDA|VA) | 6 | $590,000 | $98,333 | $3,374 | 3.48% |
| Bellefontaine, OH (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $4,388 | 3.06% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $3,835 | 3.72% |
| DECATUR, AL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,557 | 2.92% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $6,376 | 3.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,304 | 2.75% |
| Campbellsville, KY (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,291 | 3.88% |
| Chillicothe, OH (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $9,799 | 2.94% |
| Defiance, OH (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $4,459 | 3.42% |
| Wooster, OH (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,674 | 2.56% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,399 | 2.75% |
| Athens, OH (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,396 | 3.19% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,794 | 2.94% |
| Van Wert, OH (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $6,123 | 3.58% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,399 | 2.75% |
| Glasgow, KY (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,082 | 2.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,381 | 2.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,416 | 2.88% |
| Newport, TN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,464 | 3.13% |
| Seymour, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,833 | 2.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,075 | 2.88% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,150 | 2.50% |
| Connersville, IN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,671 | 3.38% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,409 | 3.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,166 | 3.88% |
| Wapakoneta, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,390 | 3.19% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,691 | 2.63% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,338 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,174 | 3.88% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,944 | 2.63% |
| Marion, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,861 | 4.06% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,964 | 3.50% |
| Celina, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,260 | 3.88% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,406 | 3.75% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,227 | 3.75% |
| Greenville, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.88% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,651 | 3.25% |
| Findlay, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,229 | 3.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,228 | 2.75% |
| FLINT, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,993 | 4.75% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,769 | 3.25% |
| Jasper, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,460 | 2.88% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,836 | 3.25% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,461 | 3.00% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,449 | 2.75% |
| Peru, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,232 | 3.25% |
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We use machine learning to identify the top lenders compared against AMERICAN MORTGAGE SERVICE COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2020, American Mortgage Service Company's most frequently originated type of loan was Conventional, with 4,114 originations. Their 2nd most popular type was FHA, with 1,401 originations.
Loan Reason
For 2020, American Mortgage Service Company's most frequently cited loan purpose was Home Purchase, with 4,691 originations. The 2nd most popular reason was Refi, with 1,485 originations.
Loan Duration/Length
For 2020, American Mortgage Service Company's most frequently cited loan duration was 30 Year, with 5,892 originations. The 2nd most popular length was 15 Year, with 470 originations.
Origination Fees/Closing Costs
American Mortgage Service Company's average total fees were $4,148, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,346 originations.
Interest Rates
During 2020, American Mortgage Service Company's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 3-4%, with 2,925 originations.
Loan Sizing
2020 saw American Mortgage Service Company place emphasis on $100k-200k loans with 2,938 originations, totaling $445,440,000 in origination value.
Applicant Income
American Mortgage Service Company lent most frequently to those with incomes in the $50k-75k range, with 1,888 originations. The second most popular income band? $50k or less, with 1,753 originations.
Applicant Debt to Income Ratio
American Mortgage Service Company lent most frequently to those with DTI ratios of 20-30%, with 1,530 originations. The next most common DTI ratio? 30-36%, with 1,108 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.77%
American Mortgage Service Company has an average approval rate.
Pick Rate
Approvals leading to origination86.27%
American Mortgage Service Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,604 | $1,373,190,000 | $207,933 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 54 | $6,240,000 | $115,556 |
| Single Family (1-4 Units):Site-Built | 6,550 | $1,366,950,000 | $208,695 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Mortgage Service Company | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| American Mortgage Service Company | Other type of mortgage | Closing on a mortgage | 1 | 50.0% |