Amarillo Community Mortgage Rates, Fees & Info
Amarillo, TXLEI: 549300P6CCUZE02WB068
Tax ID: 75-0799586
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Mortgage Data
Review & Overview
Amarillo Community is a smaller mortgage company specializing in Cash Out Refi loans. Amarillo Community has a high proportion of conventional loans. Their top markets by origination volume include: Amarillo, Hereford, Pampa, Dumas, and Borger among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Amarillo Community has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 6.28% | 5/4/24 |
| 15 Year Cash-out Refi | 6.28% | 5/4/24 |
| 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. | ||
Amarillo Community Mortgage Calculator
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Originations
109Origination Dollar Volume (All Markets)
$7,315,000Top 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 |
|---|---|---|---|---|---|
| AMARILLO, TX (FHA|USDA|VA) | 93 | $6,085,000 | $65,430 | $977 | 7.28% |
| Outside of Metro Areas | 5 | $445,000 | $89,000 | $1,223 | 7.13% |
| Hereford, TX (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $1,522 | 5.72% |
| Pampa, TX (FHA|USDA|VA) | 6 | $290,000 | $48,333 | $827 | 7.46% |
| Dumas, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,042 | 5.49% |
| Borger, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,200 | 6.54% |
Similar Lenders
We use machine learning to identify the top lenders compared against AMARILLO COMMUNITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 109 | $7,315,000 | $67,110 | $1,001 | 7.22% |
For 2023, Amarillo Community's most frequently originated type of loan was Conventional, with 109 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 92 | $6,330,000 | $68,804 | $1,038 | 7.07% |
| Other | 14 | $880,000 | $62,857 | $876 | 8.24% |
| Refi | 3 | $105,000 | $35,000 | $555 | 7.12% |
For 2023, Amarillo Community's most frequently cited loan purpose was Cash Out Refi, with 92 originations. The 2nd most popular reason was Other, with 14 originations.
Loan Duration/Length
For 2023, Amarillo Community's most frequently cited loan duration was 20 Year, with 32 originations. The 2nd most popular length was 10 Year, with 30 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 87 | $4,275,000 | $49,138 |
| $1k-2k | 22 | $3,040,000 | $138,182 |
Amarillo Community's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 87 originations.
Interest Rates
During 2023, Amarillo Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 32 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 87 | $4,275,000 | $49,138 | $797 | 7.29% |
| $100k-200k | 22 | $3,040,000 | $138,182 | $1,768 | 6.93% |
2023 saw Amarillo Community place emphasis on $100,000 or less loans with 87 originations, totaling $4,275,000 in origination value.
Applicant Income
Amarillo Community lent most frequently to those with incomes in the $50k or less range, with 36 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
Amarillo Community lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? <20%, with 19 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 99 | $6,895,000 | $69,646 | $1,026 | 7.19% |
| Black | 7 | $315,000 | $45,000 | $753 | 7.13% |
| Asian | 3 | $105,000 | $35,000 | $736 | 8.17% |
Approval Rates
Total approvals of all applications87.68%
Amarillo Community has an average approval rate.
Pick Rate
Approvals leading to origination90.83%
Amarillo Community has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1252.0 | 1 | $95,000 | $95,000 |
| 1559.0 | 1 | $75,000 | $75,000 |
| 1622.0 | 1 | $95,000 | $95,000 |
| 1627.0 | 1 | $135,000 | $135,000 |
| 422.0 | 1 | $15,000 | $15,000 |
| 482.0 | 1 | $15,000 | $15,000 |
| 547.0 | 1 | $25,000 | $25,000 |
| 572.0 | 1 | $35,000 | $35,000 |
| 622.0 | 1 | $35,000 | $35,000 |
| NA | 100 | $6,790,000 | $67,900 |