American Federal Mortgage Corporation Rates, Fees & Info
CHESTER, NJLEI: 549300KWKWPEKL40WD44
Tax ID: 22-2812732
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
American Federal Mortgage Corporation is a small mortgage company specializing in Refi and Home Purchase loans. American Federal Mortgage Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include New York, Philadelphia, Trenton, Raleigh, and Charlotte among others. American Federal Mortgage Corporation 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 Federal Mortgage Corporation is typically an average fee lendor.Originations
3,288Origination Dollar Volume (All Markets)
$1,111,350,000Awards
AMERICAN FEDERAL MORTGAGE CORPORATION - 2021
AMERICAN FEDERAL MORTGAGE CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
American Federal Mortgage Corporation's average 30 year fixed rate mortgage of loans were
2.78%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.37%.
Relative Fees
American Federal Mortgage Corporation's average total fees for a 30 year fixed rate
mortgage are $3,635.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,738 | $631,580,000 | $363,395 | $3,322 | 2.59% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 457 | $147,615,000 | $323,009 | $3,610 | 2.57% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 108 | $40,610,000 | $376,019 | $3,354 | 2.54% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 80 | $26,480,000 | $331,000 | $2,674 | 2.66% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 61 | $18,405,000 | $301,721 | $2,843 | 2.63% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 41 | $17,525,000 | $427,439 | $2,598 | 2.67% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 69 | $16,575,000 | $240,217 | $3,180 | 2.68% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 53 | $16,575,000 | $312,736 | $3,422 | 2.69% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 51 | $14,245,000 | $279,314 | $3,639 | 2.40% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 49 | $14,165,000 | $289,082 | $3,536 | 2.71% |
| PITTSBURGH, PA (FHA|USDA|VA) | 42 | $11,260,000 | $268,095 | $3,388 | 2.60% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 35 | $10,115,000 | $289,000 | $2,734 | 2.46% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 33 | $10,065,000 | $305,000 | $2,826 | 2.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 33 | $10,035,000 | $304,091 | $2,772 | 2.59% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 28 | $8,670,000 | $309,643 | $3,500 | 2.57% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 27 | $8,565,000 | $317,222 | $2,738 | 2.67% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 24 | $7,790,000 | $324,583 | $3,275 | 2.53% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 17 | $6,335,000 | $372,647 | $3,384 | 2.54% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 17 | $5,585,000 | $328,529 | $2,493 | 2.70% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 20 | $4,940,000 | $247,000 | $2,702 | 2.71% |
| COLUMBIA, SC (FHA|USDA|VA) | 20 | $4,500,000 | $225,000 | $2,464 | 2.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 15 | $4,425,000 | $295,000 | $3,681 | 2.71% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 12 | $4,390,000 | $365,833 | $3,973 | 2.53% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 12 | $3,740,000 | $311,667 | $3,405 | 2.64% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 10 | $2,980,000 | $298,000 | $3,444 | 2.89% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 9 | $2,835,000 | $315,000 | $2,388 | 2.72% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 8 | $2,780,000 | $347,500 | $5,122 | 2.33% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 7 | $2,495,000 | $356,429 | $2,550 | 2.50% |
| LANCASTER, PA (FHA|USDA|VA) | 12 | $2,440,000 | $203,333 | $3,170 | 2.61% |
| Outside of Metro Areas | 10 | $2,310,000 | $231,000 | $3,221 | 2.76% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 9 | $2,265,000 | $251,667 | $3,090 | 2.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $3,105 | 2.42% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 7 | $2,045,000 | $292,143 | $3,523 | 2.57% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $1,920,000 | $320,000 | $4,774 | 2.54% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 6 | $1,900,000 | $316,667 | $3,433 | 2.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $2,903 | 2.66% |
| Torrington, CT (FHA|USDA|VA) | 6 | $1,730,000 | $288,333 | $3,058 | 2.60% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 8 | $1,730,000 | $216,250 | $2,232 | 2.61% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 8 | $1,720,000 | $215,000 | $3,226 | 2.38% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $2,449 | 2.50% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $3,742 | 2.65% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $4,241 | 2.58% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $2,976 | 2.42% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $3,554 | 2.91% |
| READING, PA (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $3,391 | 2.28% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $2,725 | 2.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $2,508 | 2.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $3,601 | 2.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $2,934 | 2.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $3,372 | 3.00% |
| KINGSTON, NY (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $5,489 | 2.71% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,818 | 2.42% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,652 | 2.33% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $4,857 | 2.81% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,345 | 2.29% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $2,692 | 2.38% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,940 | 2.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $3,015 | 2.42% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,630 | 2.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $2,545 | 2.71% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,112 | 2.44% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,882 | 2.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,208 | 2.31% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,428 | 2.63% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,554 | 2.63% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,949 | 2.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,694 | 2.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,225 | 2.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,138 | 2.63% |
| Easton, MD (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,605 | 2.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,529 | 3.06% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,330 | 2.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,920 | 2.69% |
| ERIE, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,468 | 2.50% |
| Key West, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,250 | 3.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,992 | 2.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,602 | 2.88% |
| Hudson, NY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,270 | 3.63% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,067 | 1.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,063 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,241 | 3.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,174 | 2.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,087 | 3.25% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,510 | 2.75% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,220 | 3.25% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,505 | 2.63% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,824 | 2.63% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,086 | 2.38% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,161 | 3.00% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,215 | 2.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,199 | 2.75% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,454 | 2.63% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,385 | 2.88% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,230 | 2.81% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,732 | 2.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,788 | 2.63% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,568 | 3.13% |
| Meadville, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,702 | 2.13% |
| Boone, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,036 | 2.75% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,741 | 2.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,809 | 2.25% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,468 | 2.75% |
| Sanford, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,874 | 3.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,704 | 2.13% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,335 | 2.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,575 | 3.38% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,954 | 2.38% |
American Federal Mortgage Corporation's top markets include New York, Philadelphia, Trenton, Raleigh, and Charlotte among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 3,277 | $1,107,545,000 | $337,975 | $3,285 | 2.59% |
| FHA | 11 | $3,805,000 | $345,909 | $9,912 | 2.60% |
For the 2021 period, American Federal Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 3,277 originations. Their 2nd most popular type is FHA, with 11 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 2,255 | $716,025,000 | $317,528 | $2,888 | 2.55% |
| Home Purchase | 931 | $362,925,000 | $389,823 | $4,332 | 2.69% |
| Home Improvement | 102 | $32,400,000 | $317,647 | $3,218 | 2.70% |
For the 2021, American Federal Mortgage Corporation's most frequently cited loan purpose of loans were Refi, with 2,255 originations. The 2nd most popular reason of loans were Home Purchase, with 931 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,854 | $681,800,000 | $367,745 | $3,635 | 2.78% |
| 15 Year | 951 | $280,185,000 | $294,621 | $2,879 | 2.27% |
| 20 Year | 324 | $105,230,000 | $324,784 | $2,956 | 2.59% |
| 10 Year | 118 | $29,530,000 | $250,254 | $2,657 | 2.15% |
| Other | 41 | $14,605,000 | $356,220 | $3,056 | 2.79% |
For the 2021, American Federal Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 1,854 originations. The 2nd most popular length of loans were 15 Year, with 951 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2,893 | $964,415,000 | $333,362 |
| $1k-2k | 244 | $91,300,000 | $374,180 |
| $2k-3k | 80 | $27,120,000 | $339,000 |
| $3k-4k | 51 | $19,815,000 | $388,529 |
| $5k+ | 20 | $8,700,000 | $435,000 |
$3,635 of loans were American Federal Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,893 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,642 | $588,970,000 | $358,691 |
| <2.5% | 1,425 | $453,115,000 | $317,975 |
| 3-4% | 216 | $67,680,000 | $313,333 |
| 4-5% | 5 | $1,585,000 | $317,000 |
During 2021, American Federal Mortgage Corporation's average interest rate of loans were 2.78%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,642 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,769 | $523,235,000 | $295,780 | $3,067 | 2.57% |
| $400k-600k | 834 | $397,530,000 | $476,655 | $3,925 | 2.60% |
| $100k-200k | 519 | $83,735,000 | $161,339 | $2,571 | 2.60% |
| $600k-1MM | 137 | $97,005,000 | $708,066 | $5,191 | 2.74% |
| $100,000 or less | 22 | $1,930,000 | $87,727 | $2,557 | 2.65% |
| $1MM+ | 7 | $7,915,000 | $1,130,714 | $10,369 | 2.88% |
2021 saw American Federal Mortgage Corporation place emphasis on $200k-400k loans with 1,769 originations, totaling $523,235,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1,099 | $350,895,000 | $319,286 | $3,198 | 2.59% |
| $150k-250k | 1,043 | $390,425,000 | $374,329 | $3,405 | 2.57% |
| $75k-100k | 450 | $122,220,000 | $271,600 | $3,127 | 2.63% |
| $250k+ | 395 | $185,765,000 | $470,291 | $3,858 | 2.54% |
| $50k-75k | 255 | $55,195,000 | $216,451 | $2,963 | 2.69% |
| $50k or less | 46 | $6,850,000 | $148,913 | $2,645 | 2.67% |
American Federal Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,099 originations. The second most popular income band? $150k-250k, with 1,043 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,119 | $369,365,000 | $330,085 | $3,209 | 2.55% |
| 30-36% | 725 | $257,905,000 | $355,731 | $3,403 | 2.62% |
| <20% | 387 | $118,615,000 | $306,499 | $3,108 | 2.50% |
| 36% | 119 | $39,945,000 | $335,672 | $3,311 | 2.61% |
| 37% | 104 | $36,930,000 | $355,096 | $3,430 | 2.62% |
| 39% | 95 | $34,555,000 | $363,737 | $3,333 | 2.67% |
| 38% | 92 | $32,740,000 | $355,870 | $3,337 | 2.63% |
| 41% | 88 | $29,650,000 | $336,932 | $3,413 | 2.66% |
| 42% | 85 | $31,385,000 | $369,235 | $3,722 | 2.68% |
| 44% | 80 | $28,110,000 | $351,375 | $3,333 | 2.71% |
| 40% | 80 | $26,260,000 | $328,250 | $3,326 | 2.61% |
| 43% | 74 | $25,930,000 | $350,405 | $3,465 | 2.71% |
| 45% | 52 | $17,700,000 | $340,385 | $3,449 | 2.61% |
| 48% | 48 | $17,220,000 | $358,750 | $3,820 | 2.59% |
| 47% | 48 | $15,680,000 | $326,667 | $3,602 | 2.64% |
| 46% | 45 | $14,815,000 | $329,222 | $3,236 | 2.60% |
| 49% | 45 | $13,925,000 | $309,444 | $3,236 | 2.79% |
| 50-60% | 2 | $620,000 | $310,000 | $3,264 | 2.88% |
American Federal Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,119 originations. The next most common DTI ratio? 30-36%, with 725 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,803 | $587,715,000 | $325,965 | $3,254 | 2.62% |
| Asian | 963 | $345,865,000 | $359,154 | $3,363 | 2.55% |
| Not provided | 358 | $121,750,000 | $340,084 | $3,387 | 2.61% |
| Asian Indian | 90 | $31,130,000 | $345,889 | $3,343 | 2.46% |
| Black | 39 | $12,395,000 | $317,821 | $3,400 | 2.75% |
| Other Asian | 14 | $5,280,000 | $377,143 | $3,658 | 2.51% |
| American Indian | 9 | $3,205,000 | $356,111 | $3,597 | 2.78% |
| Chinese | 7 | $2,545,000 | $363,571 | $3,181 | 2.54% |
| Korean | 3 | $995,000 | $331,667 | $3,725 | 2.63% |
| Filipino | 2 | $470,000 | $235,000 | $2,546 | 2.44% |
Approval Rates
Total approvals of all applications96.58%
American Federal Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.69%
American Federal Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,288 | $1,111,350,000 | $338,002 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,288 | $1,111,350,000 | $338,002 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 255 | $57,715,000 | $226,333 | $2,617 | 2.44% |
| 40-60% | 883 | $262,195,000 | $296,937 | $2,802 | 2.47% |
| 60-80% | 1,552 | $567,120,000 | $365,412 | $3,401 | 2.65% |
| 80-100% | 584 | $222,050,000 | $380,223 | $4,147 | 2.70% |
| Under 20% | 14 | $2,270,000 | $162,143 | $2,379 | 2.39% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERISAVE MORTGAGE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 212 | 44.5% |
| AMERISAVE MORTGAGE CORPORATION | VA mortgage | Trouble during payment process | 3 | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | VA mortgage | Closing on a mortgage | 3 | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 23 | 4.8% |
| AMERISAVE MORTGAGE CORPORATION | Other type of mortgage | Trouble during payment process | 1 | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | Other type of mortgage | Improper use of your report | 1 | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | Other type of mortgage | Closing on a mortgage | 2 | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 14 | 2.9% |
| AMERISAVE MORTGAGE CORPORATION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | FHA mortgage | Trouble during payment process | 1 | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | FHA mortgage | Incorrect information on your report | 1 | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | FHA mortgage | Closing on a mortgage | 4 | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 35 | 7.4% |
| AMERISAVE MORTGAGE CORPORATION | Conventional home mortgage | Trouble during payment process | 65 | 13.7% |
| AMERISAVE MORTGAGE CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | Conventional home mortgage | Improper use of your report | 3 | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | Conventional home mortgage | Closing on a mortgage | 105 | 22.1% |
