Amarillo Community Mortgage Rates, Fees & Info

Amarillo, TX

LEI: 549300P6CCUZE02WB068

Tax ID: 75-0799586

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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 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.


    Originations

    117

    Origination Dollar Volume (All Markets)

    $7,915,000

    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
    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%
    Amarillo Community's top markets include Amarillo, Pampa, Dumas, Borger, and Hereford 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: 312
    Access Community Credit Union
    Similarity Rank: 435
    First United Bank
    Similarity Rank: 952
    MEMBER HOME LOAN, L.L.C.
    Similarity Rank: 1221
    ASSOCIATED MORTGAGE CORPORATION
    Similarity Rank: 1520
    TEXAS TECH
    Similarity Rank: 1700
    Amarillo National Bank
    Similarity Rank: 2100
    Centennial Bank
    Similarity Rank: 3354
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 4420
    PREMIER LENDING, INC.
    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 36 $2,290,000 $63,611 $790 4.97%
    15 Year 32 $2,790,000 $87,188 $951 4.71%
    Other 23 $1,195,000 $51,957 $650 4.62%
    20 Year 11 $1,135,000 $103,182 $837 4.93%
    5 Year 11 $455,000 $41,364 $686 3.18%
    3 Year 4 $50,000 $12,500 $648 5.09%

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 30 $2,000,000 $66,667
    3-4% 26 $2,420,000 $93,077
    5-6% 24 $1,300,000 $54,167
    6-7% 14 $600,000 $42,857
    2.5-3% 12 $1,100,000 $91,667
    7-8% 6 $270,000 $45,000
    <2.5% 5 $225,000 $45,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $4,220,000 $47,955 $750 4.92%
    $100k-200k 28 $3,490,000 $124,643 $942 3.89%
    $200k-400k 1 $205,000 $205,000 $822 3.59%

    2022 saw Amarillo Community place emphasis on $100,000 or less loans with 88 originations, totaling $4,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 47 $2,715,000 $57,766 $722 5.12%
    $100k-150k 29 $2,225,000 $76,724 $885 4.50%
    $50k-75k 25 $1,635,000 $65,400 $800 4.52%
    $75k-100k 10 $730,000 $73,000 $773 3.44%
    $150k-250k 5 $475,000 $95,000 $919 4.41%
    $250k+ 1 $135,000 $135,000 $1,272 4.69%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 37 $2,385,000 $64,459 $812 4.26%
    20-30% 32 $2,010,000 $62,813 $755 4.53%
    30-36% 14 $1,130,000 $80,714 $880 5.29%
    37% 6 $630,000 $105,000 $857 4.36%
    43% 5 $275,000 $55,000 $745 4.61%
    50-60% 5 $305,000 $61,000 $825 5.53%
    36% 3 $195,000 $65,000 $657 4.32%
    42% 3 $215,000 $71,667 $987 4.22%
    >60% 2 $50,000 $25,000 $513 6.49%
    39% 2 $40,000 $20,000 $503 7.39%
    41% 2 $90,000 $45,000 $737 4.29%
    44% 2 $90,000 $45,000 $892 5.84%
    45% 1 $115,000 $115,000 $812 3.49%
    47% 1 $65,000 $65,000 $980 7.69%
    40% 1 $205,000 $205,000 $822 3.59%
    38% 1 $115,000 $115,000 $812 3.49%

    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 applications
    88.72%

    Amarillo Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    99.15%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    117 $7,915,000 $67,650

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $2,055,000 $58,714 $766 4.88%
    40-60% 19 $1,295,000 $68,158 $776 4.91%
    60-80% 34 $3,080,000 $90,588 $905 4.55%
    80-100% 9 $935,000 $103,889 $1,019 4.30%
    Under 20% 20 $550,000 $27,500 $583 4.40%