American Home Mortgage Rates, Fees & Info

Atlanta, GA

LEI: 549300N1YHCNRTYZ3E91

Tax ID: 58-1582772

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Home Purchase, Refi, and Cash Out Refi loans. American Home Mortgage has a high proportion of conventional loans.

    American Home Mortgage has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. American Home Mortgage is typically a high 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 relatively high 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% 11/17/24
    30 Year Conventional Refi 6.27% 11/17/24
    30 Year Cash-out Refi 6.27% 11/17/24
    15 Year Conventional Purchase 5.68% 11/17/24
    15 Year Conventional Refi 5.68% 11/17/24
    15 Year Cash-out Refi 5.68% 11/17/24
    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.

    American Home Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from American Home Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    287

    Origination Dollar Volume (All Markets)

    $92,705,000

    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
    Outside of Metro Areas 287 $92,705,000 $323,014 $17,704 6.54%
    American Home Mortgage's top markets include

    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.

    Emory Alliance Credit Union
    Similarity Rank: 516
    LGE COMMUNITY
    Similarity Rank: 1503
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 3174
    Colony Bank
    Similarity Rank: 3220
    Capital City Bank
    Similarity Rank: 3344
    Aurora Financial, LLC
    Similarity Rank: 3869
    ROBINS FINANCIAL
    Similarity Rank: 3894
    IVY MORTGAGE, INC.
    Similarity Rank: 4212
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 4576
    RBC Bank, (Georgia)
    Similarity Rank: 4710

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 287 $92,705,000 $323,014 $17,704 6.54%

    For 2019, American Home Mortgage's most frequently originated type of loan was Conventional, with 287 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 132 $42,080,000 $318,788 $28,611 4.17%
    Refi 93 $31,705,000 $340,914 $8,448 11.54%
    Cash Out Refi 62 $18,920,000 $305,161 $8,217 4.07%

    For 2019, American Home Mortgage's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 93 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 254 $83,010,000 $326,811 $18,885 6.92%
    15 Year 30 $9,000,000 $300,000 $8,865 3.52%
    20 Year 2 $430,000 $215,000 $6,825 4.19%
    Other 1 $265,000 $265,000 $5,760 3.50%

    For 2019, American Home Mortgage's most frequently cited loan duration was 30 Year, with 254 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 197 $63,775,000 $323,731
    $1k-2k 9 $2,375,000 $263,889
    $2k-3k 2 $780,000 $390,000
    $3k-4k 1 $345,000 $345,000
    $4k-5k 1 $425,000 $425,000

    American Home Mortgage's average total fees were $18,885, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 197 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 147 $48,915,000 $332,755
    4-5% 128 $40,850,000 $319,141
    5-6% 8 $1,740,000 $217,500
    2.5-3% 2 $430,000 $215,000
    Over 8% 2 $770,000 $385,000

    During 2019, American Home Mortgage's average interest rate for loans was 6.92%, while their most frequently originated rate bucket for loans was 3-4%, with 147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 125 $36,425,000 $291,400 $8,451 9.72%
    $400k-600k 77 $35,475,000 $460,714 $12,387 3.96%
    $100k-200k 69 $10,425,000 $151,087 $5,826 4.19%
    $600k-1MM 12 $9,060,000 $755,000 $219,844 4.17%
    $100,000 or less 3 $255,000 $85,000 $2,553 4.49%
    $1MM+ 1 $1,065,000 $1,065,000 $17,733 4.00%

    2019 saw American Home Mortgage place emphasis on $200k-400k loans with 125 originations, totaling $36,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 70 $26,540,000 $379,143 $11,264 9.17%
    $100k-150k 62 $21,000,000 $338,710 $8,771 9.76%
    $50k-75k 57 $11,565,000 $202,895 $6,873 4.03%
    $250k+ 44 $20,660,000 $469,545 $68,884 4.07%
    $75k-100k 34 $9,700,000 $285,294 $7,846 4.06%
    $50k or less 20 $3,240,000 $162,000 $5,524 4.11%

    American Home Mortgage lent most frequently to those with incomes in the $150k-250k range, with 70 originations. The second most popular income band? $100k-150k, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 82 $28,710,000 $350,122 $10,258 8.40%
    30-36% 61 $18,255,000 $299,262 $8,953 4.02%
    <20% 30 $10,490,000 $349,667 $9,260 4.00%
    42% 13 $3,365,000 $258,846 $8,328 4.13%
    36% 12 $4,710,000 $392,500 $9,940 3.80%
    41% 11 $3,025,000 $275,000 $7,724 4.26%
    44% 11 $3,565,000 $324,091 $8,227 4.24%
    37% 9 $2,495,000 $277,222 $7,059 3.94%
    43% 9 $2,675,000 $297,222 $7,403 43.43%
    40% 8 $2,340,000 $292,500 $7,748 4.42%
    45% 8 $2,250,000 $281,250 $9,566 4.00%
    49% 7 $1,875,000 $267,857 $8,510 4.05%
    38% 7 $2,915,000 $416,429 $356,759 4.23%
    39% 6 $1,790,000 $298,333 $8,576 3.98%
    46% 5 $1,825,000 $365,000 $12,528 4.08%
    48% 4 $1,040,000 $260,000 $8,675 4.09%
    47% 2 $930,000 $465,000 $8,135 3.88%
    50-60% 1 $155,000 $155,000 $5,570 3.75%
    >60% 1 $295,000 $295,000 $9,331 5.13%

    American Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 82 originations. The next most common DTI ratio? 30-36%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 273 $89,555,000 $328,040 $18,245 6.66%
    Black 7 $1,685,000 $240,714 $6,778 4.32%
    Asian 5 $1,115,000 $223,000 $7,838 3.80%
    Not provided 2 $350,000 $175,000 $6,980 4.44%

    Approval Rates

    Total approvals of all applications
    98.08%

    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
    94.77%

    American Home Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 287 $92,705,000 $323,014

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 287 $92,705,000 $323,014

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $6,045,000 $241,800 $9,879 3.96%
    40-60% 37 $12,535,000 $338,784 $8,999 3.84%
    60-80% 149 $51,345,000 $344,597 $26,013 4.08%
    80-100% 74 $22,020,000 $297,568 $8,262 13.76%
    Under 20% 1 $75,000 $75,000 $890 4.50%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN EQUITY MORTGAGE Conventional home mortgage Closing on a mortgage 1 100.0%