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 Refi and Home Purchase loans. American Home Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Jacksonville, Athens, Gainesville, and Brunswick among others. We have data for 16 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% 11/21/24
    30 Year Conventional Refi 6.27% 11/21/24
    30 Year Cash-out Refi 6.27% 11/21/24
    15 Year Conventional Purchase 5.68% 11/21/24
    15 Year Conventional Refi 5.68% 11/21/24
    15 Year Cash-out Refi 5.68% 11/21/24
    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

    432

    Origination Dollar Volume (All Markets)

    $153,700,000

    Awards

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

    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) 382 $137,430,000 $359,764 $2,922 3.03%
    Outside of Metro Areas 16 $6,270,000 $391,875 $2,708 2.84%
    JACKSONVILLE, FL (FHA|USDA|VA) 8 $2,500,000 $312,500 $3,074 2.55%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 5 $1,895,000 $379,000 $2,717 2.90%
    GAINESVILLE, GA (FHA|USDA|VA) 3 $925,000 $308,333 $3,630 2.83%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $900,000 $450,000 $4,107 3.19%
    COLUMBUS, GA-AL (FHA|USDA|VA) 4 $670,000 $167,500 $3,689 2.59%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $610,000 $305,000 $3,622 2.44%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $515,000 $515,000 $5,726 2.63%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $475,000 $475,000 $4,393 2.99%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $365,000 $121,667 $2,553 4.13%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $315,000 $315,000 $2,754 2.25%
    VALDOSTA, GA (FHA|USDA|VA) 1 $275,000 $275,000 $2,913 2.88%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $205,000 $205,000 $2,929 3.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,356 3.38%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,995 2.38%
    American Home Mortgage's top markets include Atlanta, Jacksonville, Athens, Gainesville, and Brunswick 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.

    Emory Alliance Credit Union
    Similarity Rank: 855
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 932
    Credence Funding Corporation
    Similarity Rank: 1560
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1792
    COCA-COLA
    Similarity Rank: 2496
    Kwik Mortgage Corporation
    Similarity Rank: 3026
    Queensborough National Bank & Trust Company
    Similarity Rank: 3266
    LOANSNAP, INC.
    Similarity Rank: 3318
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 3348
    Opendoor Home Loans LLC
    Similarity Rank: 3616

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 432 $153,700,000 $355,787 $2,941 3.01%

    For 2020, American Home Mortgage's most frequently originated type of loan was Conventional, with 432 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 230 $80,290,000 $349,087 $2,625 3.03%
    Home Purchase 155 $57,865,000 $373,323 $3,422 2.87%
    Cash Out Refi 47 $15,545,000 $330,745 $2,904 3.39%

    For 2020, American Home Mortgage's most frequently cited loan purpose was Refi, with 230 originations. The 2nd most popular reason was Home Purchase, with 155 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 360 $131,390,000 $364,972 $2,970 3.08%
    15 Year 59 $18,335,000 $310,763 $2,757 2.57%
    20 Year 10 $2,740,000 $274,000 $2,955 3.01%
    Other 3 $1,235,000 $411,667 $3,102 3.00%

    For 2020, American Home Mortgage's most frequently cited loan duration was 30 Year, with 360 originations. The 2nd most popular length was 15 Year, with 59 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 281 $97,485,000 $346,922
    $1k-2k 21 $6,255,000 $297,857
    $2k-3k 9 $3,665,000 $407,222
    $3k-4k 3 $865,000 $288,333
    $4k-5k 2 $1,040,000 $520,000
    $5k+ 2 $2,430,000 $1,215,000

    American Home Mortgage's average total fees were $2,970, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 281 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 166 $62,120,000 $374,217
    2.5-3% 162 $55,790,000 $344,383
    <2.5% 90 $31,700,000 $352,222
    4-5% 14 $4,090,000 $292,143

    During 2020, American Home Mortgage's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 3-4%, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 204 $61,500,000 $301,471 $2,707 2.94%
    $400k-600k 161 $76,205,000 $473,323 $3,261 3.02%
    $100k-200k 54 $8,620,000 $159,630 $2,458 3.13%
    $100,000 or less 6 $520,000 $86,667 $2,695 3.52%
    $600k-1MM 5 $3,865,000 $773,000 $4,609 3.65%
    $1MM+ 2 $2,990,000 $1,495,000 $10,758 3.88%

    2020 saw American Home Mortgage place emphasis on $200k-400k loans with 204 originations, totaling $61,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 119 $41,105,000 $345,420 $2,864 2.96%
    $150k-250k 119 $48,425,000 $406,933 $3,002 3.02%
    $250k+ 65 $30,775,000 $473,462 $3,436 3.03%
    $75k-100k 56 $17,250,000 $308,036 $2,831 3.10%
    $50k-75k 55 $12,875,000 $234,091 $2,629 3.01%
    $50k or less 18 $3,270,000 $181,667 $2,561 2.96%

    American Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $150k-250k, with 119 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 119 $44,635,000 $375,084 $2,896 3.02%
    <20% 87 $30,245,000 $347,644 $2,778 3.00%
    30-36% 80 $28,350,000 $354,375 $3,023 2.92%
    42% 16 $6,080,000 $380,000 $3,386 3.04%
    43% 15 $5,245,000 $349,667 $2,658 3.06%
    40% 14 $4,460,000 $318,571 $3,139 2.90%
    45% 13 $4,865,000 $374,231 $3,207 3.17%
    41% 12 $3,850,000 $320,833 $2,672 3.03%
    38% 11 $4,005,000 $364,091 $3,093 3.01%
    37% 11 $4,345,000 $395,000 $3,107 3.10%
    46% 10 $3,500,000 $350,000 $3,287 3.16%
    49% 9 $2,425,000 $269,444 $2,741 3.21%
    36% 8 $2,350,000 $293,750 $3,029 2.97%
    39% 8 $3,210,000 $401,250 $2,958 2.97%
    47% 8 $2,060,000 $257,500 $2,573 3.16%
    44% 6 $2,300,000 $383,333 $3,885 2.90%
    48% 5 $1,775,000 $355,000 $2,652 3.08%

    American Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? <20%, with 87 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 387 $140,355,000 $362,674 $2,963 3.00%
    Not provided 20 $5,580,000 $279,000 $2,701 3.26%
    Asian 17 $5,235,000 $307,941 $2,746 3.09%
    Black 7 $2,095,000 $299,286 $2,946 2.91%
    American Indian 1 $435,000 $435,000 $2,592 3.88%

    Approval Rates

    Total approvals of all applications
    96.86%

    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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 432 $153,700,000 $355,787

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 432 $153,700,000 $355,787

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $7,255,000 $268,704 $2,827 2.82%
    40-60% 94 $31,660,000 $336,809 $2,724 2.98%
    60-80% 219 $81,485,000 $372,078 $2,889 3.09%
    80-100% 90 $32,880,000 $365,333 $3,337 2.92%
    Under 20% 2 $420,000 $210,000 $2,700 2.94%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AMERICAN HOME MORTGAGE, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%