Amplify Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300T7QCXC3PXO0W07

Tax ID: 74-1592875

1.2 stars - out of 5 stars, based on 48 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Amplify is a small mortgage company specializing in Home Purchase and Refi loans. Amplify has a high proportion of conventional loans. Their top markets include Austin, Dallas, Houston, San Antonio, and Corpus Christi among others. Amplify has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Amplify is typically a high fee lendor.


Originations

2,266

Origination Dollar Volume (All Markets)

$1,070,250,000

Relative Rate

Amplify's average 30 year fixed rate mortgage of loans were 3.23%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.08%.

Relative Fees

Amplify's average total fees for a 30 year fixed rate mortgage are $8,276.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1,546 $681,930,000 $441,093 $5,023 3.67%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 267 $150,585,000 $563,989 $5,344 4.02%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 249 $127,105,000 $510,462 $5,367 4.02%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 80 $42,300,000 $528,750 $5,571 4.04%
Outside of Metro Areas 40 $23,800,000 $595,000 $7,000 3.52%
CORPUS CHRISTI, TX (FHA|USDA|VA) 17 $10,945,000 $643,824 $6,999 3.64%
LUBBOCK, TX (FHA|USDA|VA) 2 $4,250,000 $2,125,000 $5,317 3.81%
EL PASO, TX (FHA|USDA|VA) 5 $3,455,000 $691,000 $7,328 3.26%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 17 $2,555,000 $150,294 $2,899 3.62%
SAN ANGELO, TX (FHA|USDA|VA) 2 $2,470,000 $1,235,000 $10,904 3.75%
WACO, TX (FHA|USDA|VA) 5 $2,365,000 $473,000 $6,171 3.30%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 5 $2,355,000 $471,000 $5,404 3.67%
Fredericksburg, TX (FHA|USDA|VA) 4 $2,330,000 $582,500 $6,188 3.84%
Rockport, TX (FHA|USDA|VA) 3 $2,235,000 $745,000 $8,488 3.21%
Mineral Wells, TX (FHA|USDA|VA) 2 $2,200,000 $1,100,000 $7,308 3.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $1,900,000 $950,000 $14,832 3.00%
Stephenville, TX (FHA|USDA|VA) 2 $1,650,000 $825,000 $7,253 2.94%
AMARILLO, TX (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $12,075 3.38%
Brenham, TX (FHA|USDA|VA) 3 $845,000 $281,667 $6,891 3.08%
Huntsville, TX (FHA|USDA|VA) 1 $815,000 $815,000 $5,479 3.25%
Athens, TX (FHA|USDA|VA) 1 $765,000 $765,000 $6,910 3.38%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $370,000 $185,000 $3,364 4.00%
Taos, NM (FHA|USDA|VA) 1 $365,000 $365,000 $4,313 3.38%
ABILENE, TX (FHA|USDA|VA) 1 $255,000 $255,000 $13,389 2.50%
Sulphur Springs, TX (FHA|USDA|VA) 1 $255,000 $255,000 $7,624 2.75%
Mount Pleasant, TX (FHA|USDA|VA) 1 $245,000 $245,000 $6,121 3.25%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $205,000 $205,000 $7,926 3.00%
Granbury, TX (FHA|USDA|VA) 2 $150,000 $75,000 $2,104 3.16%
Bay City, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,601 3.00%
Beeville, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,070 3.38%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $35,000 $35,000 $325 3.50%

Amplify's top markets include Austin, Dallas, Houston, San Antonio, and Corpus Christi among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,262 $1,068,580,000 $472,405 $5,180 3.76%
VA 4 $1,670,000 $417,500 $12,602 2.53%

For the 2021 period, Amplify's most frequently originated loan type of loans were Conventional, with 2,262 originations. Their 2nd most popular type is VA, with 4 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 967 $515,835,000 $533,438 $5,969 4.20%
Refi 595 $329,875,000 $554,412 $6,135 3.21%
Cash Out Refi 533 $153,505,000 $288,002 $2,585 3.64%
Home Improvement 103 $35,325,000 $342,961 $5,090 3.55%
Other 67 $35,165,000 $524,851 $6,625 3.29%
NA 1 $545,000 $545,000 $6,000 2.38%

For the 2021, Amplify's most frequently cited loan purpose of loans were Home Purchase, with 967 originations. The 2nd most popular reason of loans were Refi, with 595 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,214 $877,230,000 $722,595 $8,276 3.23%
15 Year 769 $145,035,000 $188,602 $1,576 4.56%
20 Year 146 $25,640,000 $175,616 $1,846 4.11%
10 Year 95 $14,405,000 $151,632 $904 3.47%
5 Year 36 $6,990,000 $194,167 $346 3.56%
Other 6 $950,000 $158,333 $500 4.66%

For the 2021, Amplify's most frequently cited loan length of loans were 30 Year, with 1,214 originations. The 2nd most popular length of loans were 15 Year, with 769 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 902 $527,370,000 $584,667
$<1k 806 $115,380,000 $143,151
$2k-3k 258 $195,630,000 $758,256
$5k+ 179 $150,695,000 $841,872
$3k-4k 83 $63,365,000 $763,434

$8,276 of loans were Amplify's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 902 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,101 $741,175,000 $673,183
2.5-3% 386 $191,940,000 $497,254
5-6% 346 $50,820,000 $146,879
4-5% 202 $37,230,000 $184,307
<2.5% 146 $36,590,000 $250,616
6-7% 84 $12,270,000 $146,071
7-8% 1 $225,000 $225,000

During 2021, Amplify's average interest rate of loans were 3.23%, while their most frequently originated rate bucket of loans were 3-4%, with 1,101 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$600k-1MM 616 $482,700,000 $783,604 $8,681 3.32%
$100k-200k 462 $66,330,000 $143,571 $1,864 4.15%
$200k-400k 440 $118,810,000 $270,023 $3,540 3.69%
$100,000 or less 381 $26,405,000 $69,304 $707 4.57%
$1MM+ 213 $298,615,000 $1,401,948 $12,738 3.27%
$400k-600k 154 $77,390,000 $502,532 $6,324 3.12%

2021 saw Amplify place emphasis on $600k-1MM loans with 616 originations, totaling $482,700,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 861 $618,745,000 $718,635 $7,034 3.79%
$150k-250k 747 $303,915,000 $406,847 $4,645 3.93%
$100k-150k 338 $83,220,000 $246,213 $3,443 3.64%
$75k-100k 136 $23,440,000 $172,353 $3,093 3.27%
$50k-75k 110 $18,840,000 $171,273 $3,280 3.12%
$50k or less 38 $4,710,000 $123,947 $2,960 3.27%

Amplify lent most frequently to those with incomes in the $250k+ range, with 861 originations. The second most popular income band? $150k-250k, with 747 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 530 $253,460,000 $478,226 $5,564 3.55%
30-36% 495 $244,895,000 $494,737 $5,289 3.78%
<20% 212 $113,400,000 $534,906 $5,844 3.36%
44% 113 $41,465,000 $366,947 $3,481 4.12%
41% 109 $52,065,000 $477,661 $5,301 3.92%
39% 104 $49,080,000 $471,923 $5,604 3.77%
38% 101 $55,995,000 $554,406 $5,518 3.77%
42% 97 $51,815,000 $534,175 $5,660 3.78%
40% 95 $45,365,000 $477,526 $5,176 3.77%
43% 94 $34,620,000 $368,298 $3,460 4.27%
37% 86 $40,210,000 $467,558 $5,149 3.87%
36% 77 $33,565,000 $435,909 $4,776 3.81%
45% 33 $12,375,000 $375,000 $3,959 4.18%
46% 31 $10,415,000 $335,968 $4,541 3.80%
47% 18 $5,480,000 $304,444 $4,530 4.25%
48% 18 $4,510,000 $250,556 $3,144 4.24%
49% 13 $3,455,000 $265,769 $4,490 3.38%
50-60% 2 $390,000 $195,000 $6,857 3.45%
>60% 2 $310,000 $155,000 $2,153 3.45%

Amplify lent most frequently to those with DTI ratios of 20-30%, with 530 originations. The next most common DTI ratio? 30-36%, with 495 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,649 $786,445,000 $476,922 $5,188 3.73%
Not provided 337 $165,355,000 $490,668 $5,574 3.73%
Asian 165 $76,615,000 $464,333 $5,315 3.82%
Not applicable 28 $16,450,000 $587,500 $0 4.45%
Black 57 $15,515,000 $272,193 $3,182 3.97%
American Indian 13 $3,725,000 $286,538 $3,444 4.03%
Asian Indian 9 $3,125,000 $347,222 $4,257 4.39%
Other Asian 4 $1,930,000 $482,500 $8,510 3.00%
Native Hawaiian 3 $955,000 $318,333 $2,528 4.11%
Vietnamese 1 $135,000 $135,000 $5,405 2.88%

Approval Rates

Total approvals of all applications
89.16%

Amplify has an average approval rate.

Pick Rate

Approvals leading to origination
67.21%

Amplify has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 2,266 $1,070,250,000 $472,308

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,266 $1,070,250,000 $472,308

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 359 $92,705,000 $258,231 $2,084 4.28%
40-60% 305 $155,095,000 $508,508 $6,119 3.01%
60-80% 698 $481,290,000 $689,527 $8,016 3.25%
80-100% 378 $288,590,000 $763,466 $8,700 3.32%
Over 100% 2 $1,160,000 $580,000 $20,765 2.81%
Under 20% 524 $51,410,000 $98,111 $563 4.81%