American Finance House Lariba Mortgage Rates, Fees & Info
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Tax ID: 95-4196389
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Mortgage Data
Review & Overview
American Finance House Lariba is a smaller mortgage company specializing in Home Purchase loans. American Finance House Lariba has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Houston, Atlanta, Portland, and Detroit among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)American Finance House Lariba has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. American Finance House Lariba 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 relatively high 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 | 7.05% | 10/29/24 |
| 30 Year Conventional Refi | 6.91% | 10/29/24 |
| 30 Year Cash-out Refi | 7.13% | 10/29/24 |
| 15 Year Conventional Purchase | 6.31% | 10/29/24 |
| 15 Year Conventional Refi | 6.11% | 10/29/24 |
| 15 Year Cash-out Refi | 6.11% | 10/29/24 |
| 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 Finance House Lariba Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from American Finance House Lariba. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
118Origination Dollar Volume (All Markets)
$43,120,000Relative Rate
American Finance House Lariba's average 30 year fixed mortgage rate was
6.98%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.5%.
Relative Fees (Closing Costs)
American Finance House Lariba's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,943.
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 $9,089.
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) | 22 | $9,230,000 | $419,545 | $7,202 | 6.86% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $3,980,000 | $497,500 | $7,471 | 6.83% |
| Outside of Metro Areas | 9 | $3,395,000 | $377,222 | $5,873 | 6.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $2,595,000 | $288,333 | $5,366 | 7.18% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $6,140 | 6.90% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $1,745,000 | $581,667 | $7,880 | 6.29% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,605,000 | $535,000 | $4,993 | 6.95% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,525,000 | $508,333 | $9,280 | 7.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $6,732 | 7.16% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $3,485 | 6.58% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $5,732 | 6.79% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $2,619 | 6.59% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $6,246 | 7.16% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $3,928 | 6.95% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $10,771 | 6.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $13,660 | 6.44% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,662 | 7.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,679 | 6.41% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,978 | 6.99% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $14,658 | 7.55% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,962 | 6.69% |
| TYLER, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,194 | 6.84% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $9,083 | 6.77% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,459 | 6.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,244 | 7.48% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,990 | 6.60% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,088 | 5.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,824 | 7.29% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,492 | 6.60% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,296 | 7.23% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,864 | 7.70% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,966 | 6.99% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,322 | 7.45% |
| Torrington, CT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,082 | 7.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,596 | 6.98% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,899 | 8.22% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,797 | 7.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,097 | 6.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,673 | 6.40% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,817 | 8.13% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,289 | 7.34% |
| Bonham, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,655 | 7.57% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,492 | 6.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,362 | 7.62% |
Similar Lenders
We use machine learning to identify the top lenders compared against AMERICAN FINANCE HOUSE LARIBA 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 118 | $43,120,000 | $365,424 | $6,009 | 6.90% |
For 2023, American Finance House Lariba's most frequently originated type of loan was Conventional, with 118 originations.
Loan Reason
For 2023, American Finance House Lariba's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
For 2023, American Finance House Lariba's most frequently cited loan duration was 30 Year, with 102 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
American Finance House Lariba's average total fees were $5,943, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 41 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 67 | $25,575,000 | $381,716 |
| 7-8% | 41 | $14,685,000 | $358,171 |
| 5-6% | 8 | $2,400,000 | $300,000 |
| Over 8% | 2 | $460,000 | $230,000 |
During 2023, American Finance House Lariba's average interest rate for loans was 6.98%, while their most frequently originated rate bucket for loans was 6-7%, with 67 originations.
Loan Sizing
2023 saw American Finance House Lariba place emphasis on $200k-400k loans with 55 originations, totaling $16,015,000 in origination value.
Applicant Income
American Finance House Lariba lent most frequently to those with incomes in the $150k-250k range, with 41 originations. The second most popular income band? $100k-150k, with 32 originations.
Applicant Debt to Income Ratio
American Finance House Lariba lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.81%
American Finance House Lariba has a below average approval rate.
Pick Rate
Approvals leading to origination24.58%
American Finance House Lariba has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 118 | $43,120,000 | $365,424 |