American Federal Mortgage Corporation Rates, Fees & Info

CHESTER, NJ

LEI: 549300KWKWPEKL40WD44

Tax ID: 22-2812732

5 stars - out of 5 stars, based on 57 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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 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 by origination volume include: New York, Philadelphia, Trenton, Raleigh, and Charlotte among others. We have data for 107 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Federal Mortgage Corporation 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 Federal Mortgage Corporation 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 6.14% 1/29/23
    30 Year Conventional Refi 6.21% 1/29/23
    30 Year FHA Purchase 6.96% 1/29/23
    30 Year FHA Refi 6.59% 1/29/23
    15 Year Conventional Purchase 5.55% 1/29/23
    15 Year Conventional Refi 5.70% 1/29/23
    15 Year Cash-out Refi 5.70% 1/29/23
    15 Year FHA Purchase 5.68% 1/29/23
    15 Year FHA Refi 5.68% 1/29/23
    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.


    Originations

    3,288

    Origination Dollar Volume (All Markets)

    $1,111,350,000
    Show all (39) awards

    Relative Rate

    American Federal Mortgage Corporation's average 30 year fixed mortgage rate was 2.78%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.37%.

    Relative Fees (Closing Costs)

    American Federal Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $3,635.

    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
    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.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • New York (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AMERICAN FEDERAL MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    S. C. STATE FEDERAL CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, American Federal Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,277 originations. Their 2nd most popular type was FHA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, American Federal Mortgage Corporation's most frequently cited loan purpose was Refi, with 2,255 originations. The 2nd most popular reason was 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 2021, American Federal Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,854 originations. The 2nd most popular length was 15 Year, with 951 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 33 $12,785,000 $387,424
    $5k+ 20 $8,700,000 $435,000
    $4k-5k 18 $7,030,000 $390,556

    American Federal Mortgage Corporation's average total fees were $3,635, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.78%, while their most frequently originated rate bucket for loans was 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 applications
    97.52%

    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 origination
    74.67%

    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%