Amarillo Community Mortgage Rates, Fees & Info
Amarillo, TXLEI: 549300P6CCUZE02WB068
Tax ID: 75-0799586
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Pampa, Dumas, Borger, and Hereford 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 above average pick rate when compared to similar lenders.
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 |
|---|---|---|
| 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
117Origination Dollar Volume (All Markets)
$7,915,000Top 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) | 95 | $6,655,000 | $70,053 | $783 | 4.61% |
| Pampa, TX (FHA|USDA|VA) | 8 | $360,000 | $45,000 | $821 | 4.84% |
| Outside of Metro Areas | 5 | $275,000 | $55,000 | $898 | 4.59% |
| Dumas, TX (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $780 | 5.22% |
| Borger, TX (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $1,003 | 5.19% |
| Hereford, TX (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $806 | 4.76% |
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.
Similarity Rank: 312
Similarity Rank: 435
Similarity Rank: 952
Similarity Rank: 1221
Similarity Rank: 1520
Similarity Rank: 1700
Similarity Rank: 2100
Similarity Rank: 3354
Similarity Rank: 4420
Similarity Rank: 5292
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $7,915,000 | $67,650 | $796 | 4.66% |
For 2022, Amarillo Community's most frequently originated type of loan was Conventional, with 117 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 101 | $6,855,000 | $67,871 | $805 | 4.74% |
| Refi | 16 | $1,060,000 | $66,250 | $745 | 4.18% |
For 2022, Amarillo Community's most frequently cited loan purpose was Cash Out Refi, with 101 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
For 2022, Amarillo Community's most frequently cited loan duration was 10 Year, with 36 originations. The 2nd most popular length was 15 Year, with 32 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 113 | $7,475,000 | $66,150 |
| $1k-2k | 4 | $440,000 | $110,000 |
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 113 originations.
Interest Rates
During 2022, Amarillo Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 30 originations.
Loan Sizing
2022 saw Amarillo Community place emphasis on $100,000 or less loans with 88 originations, totaling $4,220,000 in origination value.
Applicant Income
Amarillo Community lent most frequently to those with incomes in the $50k or less range, with 47 originations. The second most popular income band? $100k-150k, with 29 originations.
Applicant Debt to Income Ratio
Amarillo Community lent most frequently to those with DTI ratios of <20%, with 37 originations. The next most common DTI ratio? 20-30%, with 32 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 106 | $7,160,000 | $67,547 | $801 | 4.65% |
| Asian | 7 | $645,000 | $92,143 | $858 | 4.22% |
| Black | 4 | $110,000 | $27,500 | $556 | 5.84% |
Approval Rates
Total approvals of all applications88.72%
Amarillo Community has an average approval rate.
Pick Rate
Approvals leading to origination99.15%
Amarillo Community has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 117 | $7,915,000 | $67,650 |