American Home Mortgage Rates, Fees & Info

Atlanta, GA

LEI: 549300N1YHCNRTYZ3E91

Tax ID: 58-1582772

5 stars - out of 5 stars, based on 12 reviews

Latest/2022 | 2021 Data | 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 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.

    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 6.27% 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.


    Originations

    156

    Origination Dollar Volume (All Markets)

    $71,500,000

    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 mortgage rate was 4.79%.

    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.

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

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    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.

    Credence Funding Corporation
    Similarity Rank: 553
    UNITED SECURITY FINANCIAL CORP
    Similarity Rank: 1053
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1131
    LGE COMMUNITY
    Similarity Rank: 1595
    Aurora Financial, LLC
    Similarity Rank: 1612
    First American Bank and Trust Company
    Similarity Rank: 1936
    POWERCO
    Similarity Rank: 1968
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2028
    Queensborough National Bank & Trust Company
    Similarity Rank: 2325
    COCA-COLA
    Similarity Rank: 2940

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 156 $71,500,000 $458,333 $4,478 4.67%

    For 2022, American Home Mortgage's most frequently originated type of loan was Conventional, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 118 $55,710,000 $472,119 $4,696 4.97%
    Cash Out Refi 25 $9,505,000 $380,200 $3,466 3.81%
    Refi 13 $6,285,000 $483,462 $4,440 3.58%

    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 Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 144 $67,120,000 $466,111 $4,546 4.79%
    15 Year 8 $3,160,000 $395,000 $3,808 3.31%
    20 Year 3 $1,005,000 $335,000 $3,461 3.13%
    10 Year 1 $215,000 $215,000 $3,037 2.50%

    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
    $<1k 101 $45,635,000 $451,832
    $1k-2k 24 $8,880,000 $370,000
    $5k+ 8 $4,930,000 $616,250
    $2k-3k 7 $2,575,000 $367,857
    $3k-4k 7 $3,985,000 $569,286
    $4k-5k 4 $2,550,000 $637,500

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 52 $24,680,000 $474,615
    3-4% 47 $21,075,000 $448,404
    4-5% 28 $14,910,000 $532,500
    6-7% 13 $5,195,000 $399,615
    2.5-3% 10 $3,570,000 $357,000
    7-8% 4 $1,590,000 $397,500
    <2.5% 2 $480,000 $240,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 55 $16,795,000 $305,364 $3,915 4.48%
    $400k-600k 47 $23,305,000 $495,851 $4,476 4.86%
    $600k-1MM 29 $19,705,000 $679,483 $5,555 4.98%
    $100k-200k 18 $2,970,000 $165,000 $3,302 4.49%
    $1MM+ 7 $8,725,000 $1,246,429 $7,466 3.96%

    2022 saw American Home Mortgage place emphasis on $200k-400k loans with 55 originations, totaling $16,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 54 $26,470,000 $490,185 $4,384 4.73%
    $100k-150k 37 $13,545,000 $366,081 $4,790 4.54%
    $250k+ 31 $22,885,000 $738,226 $5,442 4.72%
    $50k-75k 18 $4,090,000 $227,222 $3,330 4.50%
    $75k-100k 13 $3,935,000 $302,692 $3,480 5.01%
    $50k or less 3 $575,000 $191,667 $3,558 4.04%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 39 $18,565,000 $476,026 $4,340 4.58%
    30-36% 35 $16,945,000 $484,143 $4,911 4.70%
    <20% 17 $7,825,000 $460,294 $4,118 4.21%
    41% 8 $4,030,000 $503,750 $5,384 4.98%
    48% 8 $2,990,000 $373,750 $3,957 4.75%
    43% 7 $3,965,000 $566,429 $5,367 4.64%
    39% 6 $2,130,000 $355,000 $3,785 4.77%
    44% 6 $2,010,000 $335,000 $3,372 4.21%
    37% 5 $2,255,000 $451,000 $4,472 5.33%
    42% 5 $2,225,000 $445,000 $4,562 4.95%
    45% 5 $2,035,000 $407,000 $4,335 4.65%
    38% 4 $1,670,000 $417,500 $4,153 4.84%
    36% 4 $2,090,000 $522,500 $5,669 4.59%
    40% 2 $920,000 $460,000 $4,234 5.50%
    46% 2 $710,000 $355,000 $3,603 6.13%
    49% 2 $730,000 $365,000 $3,404 4.88%
    47% 1 $405,000 $405,000 $3,508 3.38%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 142 $64,770,000 $456,127 $4,473 4.63%
    Black 5 $2,835,000 $567,000 $4,524 4.28%
    Asian 5 $2,325,000 $465,000 $5,028 5.50%
    Not provided 4 $1,570,000 $392,500 $3,900 5.31%

    Approval Rates

    Total approvals of all applications
    94.55%

    American Home Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 156 $71,500,000 $458,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    156 $71,500,000 $458,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $2,055,000 $293,571 $3,399 3.96%
    40-60% 22 $10,240,000 $465,455 $4,386 3.86%
    60-80% 63 $27,855,000 $442,143 $4,627 4.60%
    80-100% 61 $29,475,000 $483,197 $4,494 5.06%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    AMERICAN PACIFIC MORTGAGE Conventional home mortgage Trouble during payment process 1 100.0%