American Home Mortgage Rates, Fees & Info

Atlanta, GA

LEI: 549300N1YHCNRTYZ3E91

Tax ID: 58-1582772

5 stars - out of 5 stars, based on 19 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

American Home Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. American Home Mortgage has a high proportion of conventional loans. Their top markets include Atlanta, Jacksonville, Crestview, Brunswick, and Athens among others. American Home Mortgage has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. American Home Mortgage is typically a low fee lendor.


Originations

357

Origination Dollar Volume (All Markets)

$124,465,000

Awards

AMERICAN HOME MORTGAGE  30 Year Conventional Loans silver AMERICAN HOME MORTGAGE  30 Year Conventional Loans silver AMERICAN HOME MORTGAGE  30 Year Conventional Loans silver AMERICAN HOME MORTGAGE  30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

American Home Mortgage 's average 30 year fixed rate mortgage of loans were 2.92%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.23%.

Relative Fees

American Home Mortgage 's average total fees for a 30 year fixed rate mortgage are $3,124.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 294 $104,530,000 $355,544 $2,982 2.82%
Outside of Metro Areas 41 $12,475,000 $304,268 $3,238 3.06%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,780,000 $296,667 $3,005 2.85%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,365,000 $455,000 $5,271 3.29%
BRUNSWICK, GA (FHA|USDA|VA) 2 $1,020,000 $510,000 $4,375 3.19%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $640,000 $320,000 $2,680 3.06%
GAINESVILLE, GA (FHA|USDA|VA) 2 $580,000 $290,000 $2,896 2.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $515,000 $515,000 $5,404 2.38%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $465,000 $465,000 $4,037 2.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $365,000 $365,000 $3,304 3.00%
Jefferson, GA (FHA|USDA|VA) 1 $275,000 $275,000 $3,051 3.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $205,000 $205,000 $1,853 2.88%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $145,000 $145,000 $2,816 2.63%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $105,000 $105,000 $1,547 2.75%

American Home Mortgage 's top markets include Atlanta, Jacksonville, Crestview, Brunswick, and Athens among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 357 $124,465,000 $348,641 $3,040 2.86%

For the 2021 period, American Home Mortgage 's most frequently originated loan type of loans were Conventional, with 357 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 150 $60,000,000 $400,000 $3,457 2.87%
Refi 142 $43,310,000 $305,000 $2,502 2.81%
Cash Out Refi 65 $21,155,000 $325,462 $3,255 2.93%

For the 2021, American Home Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 150 originations. The 2nd most popular reason of loans were Refi, with 142 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 306 $110,090,000 $359,771 $3,124 2.92%
15 Year 43 $12,475,000 $290,116 $2,571 2.44%
20 Year 6 $1,430,000 $238,333 $2,250 2.67%
10 Year 2 $470,000 $235,000 $2,626 2.25%

For the 2021, American Home Mortgage 's most frequently cited loan length of loans were 30 Year, with 306 originations. The 2nd most popular length of loans were 15 Year, with 43 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 212 $76,500,000 $360,849
$1k-2k 22 $7,530,000 $342,273
$2k-3k 7 $2,385,000 $340,714
$3k-4k 5 $1,895,000 $379,000
$5k+ 4 $1,550,000 $387,500

$3,124 of loans were American Home Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 212 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 189 $62,545,000 $330,926
3-4% 91 $35,155,000 $386,319
<2.5% 75 $26,415,000 $352,200
4-5% 2 $350,000 $175,000

During 2021, American Home Mortgage 's average interest rate of loans were 2.92%, while their most frequently originated rate bucket of loans were 2.5-3%, with 189 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 171 $51,365,000 $300,380 $2,776 2.82%
$400k-600k 104 $50,720,000 $487,692 $3,831 2.80%
$100k-200k 65 $10,395,000 $159,923 $2,250 2.92%
$600k-1MM 9 $6,615,000 $735,000 $4,260 3.44%
$100,000 or less 4 $320,000 $80,000 $1,474 3.06%
$1MM+ 4 $5,050,000 $1,262,500 $5,450 3.38%

2021 saw American Home Mortgage place emphasis on $200k-400k loans with 171 originations, totaling $51,365,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 105 $41,125,000 $391,667 $3,168 2.83%
$100k-150k 88 $30,170,000 $342,841 $3,010 2.87%
$50k-75k 52 $11,740,000 $225,769 $2,432 2.83%
$250k+ 47 $24,315,000 $517,340 $3,740 2.91%
$75k-100k 42 $13,220,000 $314,762 $3,035 2.84%
$50k or less 23 $3,895,000 $169,348 $2,526 2.92%

American Home Mortgage lent most frequently to those with incomes in the $150k-250k range, with 105 originations. The second most popular income band? $100k-150k, with 88 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 94 $32,620,000 $347,021 $2,968 2.85%
<20% 75 $25,215,000 $336,200 $3,028 2.76%
30-36% 64 $23,200,000 $362,500 $3,061 2.84%
40% 14 $4,460,000 $318,571 $2,517 3.10%
37% 14 $4,220,000 $301,429 $2,649 2.90%
41% 12 $5,310,000 $442,500 $3,459 2.85%
42% 12 $4,420,000 $368,333 $3,107 2.83%
44% 11 $3,225,000 $293,182 $3,183 2.92%
36% 11 $4,275,000 $388,636 $3,655 3.14%
45% 11 $3,815,000 $346,818 $2,934 2.80%
38% 9 $2,525,000 $280,556 $2,898 2.99%
46% 7 $2,145,000 $306,429 $3,180 2.82%
49% 6 $1,790,000 $298,333 $3,592 2.79%
43% 5 $1,845,000 $369,000 $3,124 2.80%
47% 4 $1,510,000 $377,500 $2,869 2.94%
39% 4 $2,200,000 $550,000 $3,589 3.03%
48% 3 $1,425,000 $475,000 $3,971 3.00%

American Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 94 originations. The next most common DTI ratio? <20%, with 75 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 315 $108,355,000 $343,984 $3,024 2.85%
Not provided 20 $6,960,000 $348,000 $3,080 2.89%
Asian 11 $4,775,000 $434,091 $3,428 2.85%
Black 6 $1,560,000 $260,000 $2,518 2.85%
Asian Indian 1 $1,275,000 $1,275,000 $5,523 3.25%
Chinese 2 $800,000 $400,000 $3,145 2.88%
Other Asian 1 $545,000 $545,000 $3,752 2.38%
American Indian 1 $195,000 $195,000 $2,920 3.38%

Approval Rates

Total approvals of all applications
98.01%

American Home Mortgage 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
97.43%

American Home Mortgage has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 357 $124,465,000 $348,641

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
357 $124,465,000 $348,641

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 27 $7,445,000 $275,741 $2,702 2.90%
40-60% 80 $24,920,000 $311,500 $2,894 2.75%
60-80% 157 $56,575,000 $360,350 $3,090 2.90%
80-100% 86 $33,350,000 $387,791 $3,237 2.84%
Under 20% 2 $230,000 $115,000 $330 3.94%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
AMERICAN PACIFIC MORTGAGE Conventional home mortgage Trouble during payment process 21 75.0%
AMERICAN PACIFIC MORTGAGE Conventional home mortgage Closing on a mortgage 1 3.6%
AMERICAN PACIFIC MORTGAGE Conventional home mortgage Incorrect information on your report 1 3.6%
AMERICAN PACIFIC MORTGAGE VA mortgage Closing on a mortgage 1 3.6%
AMERICAN PACIFIC MORTGAGE Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.6%
AMERICAN PACIFIC MORTGAGE FHA mortgage Trouble during payment process 1 3.6%
AMERICAN PACIFIC MORTGAGE FHA mortgage Closing on a mortgage 1 3.6%
AMERICAN PACIFIC MORTGAGE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.6%