American Home Mortgage Rates, Fees & InfoAtlanta, GA
Tax ID: 58-1582772
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewAmerican Home Mortgage is a smaller mortgage company specializing in loans. American Home Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Jacksonville, Gainesville, Gainesville, and Crestview among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)
American Home Mortgage has an above average approval rate when compared to the average across all lenders. American Home Mortgage 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.27%||3/23/23|
|30 Year Conventional Refi||6.27%||3/23/23|
|30 Year Cash-out Refi||6.27%||3/23/23|
|15 Year Conventional Purchase||5.68%||3/23/23|
|15 Year Conventional Refi||5.68%||3/23/23|
|15 Year Cash-out Refi||5.68%||3/23/23|
|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.|
Origination Dollar Volume (All Markets)$71,500,000
American Home Mortgage's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
American Home Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,546.
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.
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|
|ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)||136||$63,610,000||$467,721||$4,374||4.68%|
|Outside of Metro Areas||3||$2,205,000||$735,000||$6,774||5.17%|
|JACKSONVILLE, FL (FHA|USDA|VA)||3||$1,025,000||$341,667||$5,051||5.71%|
|GAINESVILLE, FL (FHA|USDA|VA)||2||$950,000||$475,000||$5,683||4.56%|
|GAINESVILLE, GA (FHA|USDA|VA)||2||$770,000||$385,000||$2,895||3.06%|
|CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)||1||$585,000||$585,000||$11,745||3.25%|
|COLUMBUS, GA-AL (FHA|USDA|VA)||3||$555,000||$185,000||$4,201||4.83%|
|Americus, GA (FHA|USDA|VA)||1||$385,000||$385,000||$4,882||5.63%|
|Jefferson, GA (FHA|USDA|VA)||1||$365,000||$365,000||$4,068||5.13%|
|MACON-BIBB COUNTY, GA (FHA|USDA|VA)||1||$335,000||$335,000||$7,895||5.38%|
|ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA)||1||$325,000||$325,000||$3,393||3.38%|
|PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)||1||$265,000||$265,000||$3,630||3.00%|
|St. Marys, GA (FHA|USDA|VA)||1||$125,000||$125,000||$2,757||3.75%|
We use machine learning to identify the top lenders compared against AMERICAN HOME MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, American Home Mortgage's most frequently originated type of loan was Conventional, with 156 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||25||$9,505,000||$380,200||$3,466||3.81%|
For 2022, American Home Mortgage's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, American Home Mortgage's most frequently cited loan duration was 30 Year, with 144 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
American Home Mortgage's average total fees were $4,546, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 101 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, American Home Mortgage's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 5-6%, with 52 originations.
2022 saw American Home Mortgage place emphasis on $200k-400k loans with 55 originations, totaling $16,795,000 in origination value.
American Home Mortgage lent most frequently to those with incomes in the $150k-250k range, with 54 originations. The second most popular income band? $100k-150k, with 37 originations.
Applicant Debt to Income Ratio
American Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 35 originations.
Approval RatesTotal approvals of all applications
American Home Mortgage has an average approval rate.
Pick RateApprovals leading to origination
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|AMERICAN PACIFIC MORTGAGE||Conventional home mortgage||Trouble during payment process||1||100.0%|