American Mortgage Service Company Rates, Fees & Info

CINCINNATI, OH

LEI: 549300FOZZQIQVHMVH05

Tax ID: 31-0868609

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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 by origination volume include: Cincinnati, Louisville, Lexington, Columbus, and Indianapolis among others. We have data for 131 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.

    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% 12/16/24
    30 Year Conventional Refi 6.67% 12/16/24
    30 Year Cash-out Refi 6.81% 12/16/24
    30 Year FHA Purchase 7.53% 12/16/24
    30 Year FHA Refi 7.08% 12/16/24
    30 Year VA Purchase 6.42% 12/16/24
    30 Year VA Refi 6.00% 12/16/24
    30 Year USDA Purchase 6.92% 12/16/24
    30 Year USDA Refi 6.27% 12/16/24
    15 Year Conventional Purchase 6.15% 12/16/24
    15 Year Conventional Refi 6.11% 12/16/24
    15 Year Cash-out Refi 6.11% 12/16/24
    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

    6,369

    Origination Dollar Volume (All Markets)

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

    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) 1,703 $358,085,000 $210,267 $3,948 3.01%
    LOUISVILLE, KY (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, Lexington, Columbus, and Indianapolis among others.

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

    • Similar Lenders

    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.

    PrimeTrust Financial Federal Credit Union
    Similarity Rank: 20
    Crossroads Bank
    Similarity Rank: 110
    BEACON CREDIT UNION
    Similarity Rank: 144
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 210
    CONSUMER Credit Union
    Similarity Rank: 224
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 228
    Security Federal Savings Bank
    Similarity Rank: 238
    Eglin Federal Credit Union
    Similarity Rank: 296
    Gulf Winds Credit Union
    Similarity Rank: 324
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, American Mortgage Service Company's most frequently originated type of loan was Conventional, with 4,374 originations. Their 2nd most popular type was FHA, with 1,237 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, American Mortgage Service Company's most frequently cited loan purpose was Home Purchase, with 4,353 originations. The 2nd most popular reason was 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 2021, American Mortgage Service Company's most frequently cited loan duration was 30 Year, with 5,591 originations. The 2nd most popular length was 15 Year, with 477 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 110 $26,370,000 $239,727
    $4k-5k 47 $12,495,000 $265,851
    $5k+ 35 $12,065,000 $344,714

    American Mortgage Service Company's average total fees were $4,285, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.02%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    96.16%

    American Mortgage Service 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
    81.02%

    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%