Amarillo Community Mortgage Rates, Fees & Info

Amarillo, TX

LEI: 549300P6CCUZE02WB068

Tax ID: 75-0799586

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
  • 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

    Amarillo Community is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Amarillo Community has a high proportion of conventional loans. Their top markets by origination volume include: Amarillo, Dallas, Dumas, Hereford, and Abilene among others. We have data for 8 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 a below average pick rate when compared to similar lenders. Amarillo Community is typically an average 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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Refi 6.28% 11/21/24
    15 Year Cash-out Refi 6.28% 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.

    Amarillo Community Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Amarillo Community. 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

    131

    Origination Dollar Volume (All Markets)

    $15,255,000

    Awards

    AMARILLO COMMUNITY 30 Year Conventional Loans gold
    Show all (1) 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
    AMARILLO, TX (FHA|USDA|VA) 121 $14,485,000 $119,711 $3,092 3.91%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $305,000 $305,000 $8,279 3.13%
    Outside of Metro Areas 3 $175,000 $58,333 $498 4.32%
    Dumas, TX (FHA|USDA|VA) 2 $90,000 $45,000 $530 5.74%
    Hereford, TX (FHA|USDA|VA) 1 $75,000 $75,000 $764 4.74%
    ABILENE, TX (FHA|USDA|VA) 1 $55,000 $55,000 $5,301 3.00%
    Pampa, TX (FHA|USDA|VA) 1 $55,000 $55,000 $657 4.24%
    Borger, TX (FHA|USDA|VA) 1 $15,000 $15,000 $356 8.49%
    Amarillo Community's top markets include Amarillo, Dallas, Dumas, Hereford, and Abilene among others.

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

    • 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.

    Education Credit Union
    Similarity Rank: 208
    AMARILLO COMMUNITY
    Similarity Rank: 208
    Access Community Credit Union
    Similarity Rank: 275
    First United Bank
    Similarity Rank: 496
    ASSOCIATED MORTGAGE CORPORATION
    Similarity Rank: 1600
    KELLER MORTGAGE, LLC
    Similarity Rank: 2120
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 2128
    Amarillo National Bank
    Similarity Rank: 2856
    Happy State Bank
    Similarity Rank: 3472
    PLANET HOME LENDING, LLC
    Similarity Rank: 5949

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $15,255,000 $116,450 $2,991 3.97%

    For 2020, Amarillo Community's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 82 $5,860,000 $71,463 $1,451 4.54%
    Refi 26 $4,510,000 $173,462 $5,087 2.81%
    Home Purchase 23 $4,885,000 $212,391 $6,184 3.27%

    For 2020, Amarillo Community's most frequently cited loan purpose was Cash Out Refi, with 82 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 49 $9,445,000 $192,755 $5,636 3.13%
    15 Year 26 $3,210,000 $123,462 $3,204 3.53%
    Other 19 $1,035,000 $54,474 $598 4.61%
    10 Year 18 $940,000 $52,222 $854 4.95%
    5 Year 8 $180,000 $22,500 $411 4.46%
    20 Year 7 $375,000 $53,571 $533 6.88%
    3 Year 4 $70,000 $17,500 $372 3.68%

    For 2020, Amarillo Community's most frequently cited loan duration was 30 Year, with 49 originations. The 2nd most popular length was 15 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 85 $6,105,000 $71,824
    $1k-2k 31 $4,895,000 $157,903
    $2k-3k 8 $1,840,000 $230,000
    $3k-4k 6 $1,960,000 $326,667
    $4k-5k 1 $455,000 $455,000

    Amarillo Community's average total fees were $5,636, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 85 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 38 $6,160,000 $162,105
    3-4% 35 $3,945,000 $112,714
    4-5% 23 $1,775,000 $77,174
    5-6% 15 $755,000 $50,333
    <2.5% 11 $2,215,000 $201,364
    6-7% 4 $190,000 $47,500
    Over 8% 3 $155,000 $51,667
    7-8% 2 $60,000 $30,000

    During 2020, Amarillo Community's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 2.5-3%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $3,905,000 $52,067 $1,053 4.71%
    $100k-200k 37 $5,745,000 $155,270 $5,054 3.00%
    $200k-400k 17 $4,735,000 $278,529 $6,982 2.97%
    $400k-600k 2 $870,000 $435,000 $7,564 3.00%

    2020 saw Amarillo Community place emphasis on $100,000 or less loans with 75 originations, totaling $3,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 34 $3,400,000 $100,000 $2,841 4.03%
    $50k or less 34 $2,290,000 $67,353 $1,680 4.42%
    $75k-100k 27 $2,995,000 $110,926 $3,135 3.96%
    $100k-150k 24 $4,080,000 $170,000 $4,223 3.59%
    $150k-250k 12 $2,490,000 $207,500 $4,550 3.33%

    Amarillo Community lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $50k or less, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 64 $4,540,000 $70,938 $1,276 4.52%
    20-30% 21 $2,785,000 $132,619 $4,126 3.42%
    30-36% 17 $2,655,000 $156,176 $4,656 3.32%
    40% 5 $1,215,000 $243,000 $5,382 3.23%
    37% 4 $680,000 $170,000 $5,586 2.84%
    45% 3 $335,000 $111,667 $5,133 3.79%
    39% 3 $415,000 $138,333 $3,115 4.52%
    44% 3 $905,000 $301,667 $7,742 3.46%
    42% 2 $310,000 $155,000 $5,107 3.06%
    41% 2 $270,000 $135,000 $3,594 3.93%
    46% 2 $240,000 $120,000 $3,599 3.37%
    38% 1 $175,000 $175,000 $5,703 4.25%
    50-60% 1 $85,000 $85,000 $4,401 3.25%
    47% 1 $455,000 $455,000 $10,520 3.25%
    49% 1 $125,000 $125,000 $6,150 2.63%
    43% 1 $65,000 $65,000 $764 5.99%

    Amarillo Community lent most frequently to those with DTI ratios of <20%, with 64 originations. The next most common DTI ratio? 20-30%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 112 $12,150,000 $108,482 $2,775 4.05%
    Not provided 10 $2,120,000 $212,000 $5,648 3.06%
    Asian 3 $545,000 $181,667 $4,732 4.04%
    Black 5 $275,000 $55,000 $1,562 4.27%
    Native Hawaiian or Islander 1 $165,000 $165,000 $5,036 2.88%

    Approval Rates

    Total approvals of all applications
    72.35%

    Amarillo Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.52%

    Amarillo Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $225,000 $225,000
    NA 130 $15,030,000 $115,615

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 131 $15,255,000 $116,450

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,020,000 $51,000 $713 4.96%
    40-60% 21 $1,655,000 $78,810 $2,152 4.26%
    60-80% 42 $5,150,000 $122,619 $3,296 3.80%
    80-100% 36 $7,160,000 $198,889 $5,321 3.34%
    Under 20% 12 $270,000 $22,500 $420 4.34%