Amplify Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300T7QCXC3PXO0W07

Tax ID: 74-1592875

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

    Amplify is a smaller mortgage company specializing in Home Purchase and Refi loans. Amplify has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Dallas, Houston, San Antonio, and Edwards among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Amplify 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. Amplify 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.

    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
    Home Equity Line of Credit (HELOC) 6.38% 4/21/24
    30 Year Conventional Purchase 6.66% 4/21/24
    30 Year Conventional Refi 6.38% 4/21/24
    30 Year Cash-out Refi 6.63% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 7.56% 4/21/24
    15 Year Conventional Refi 6.53% 4/21/24
    15 Year Cash-out Refi 6.53% 4/21/24
    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.

    Amplify Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Amplify. 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

    905

    Origination Dollar Volume (All Markets)

    $144,405,000

    Awards

    AMPLIFY 30 Year Conventional Loans silver AMPLIFY 30 Year Conventional Loans silver
    Show all (2) 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
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 608 $102,430,000 $168,470 $1,951 4.92%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 144 $19,700,000 $136,806 $1,186 5.24%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 77 $9,325,000 $121,104 $1,228 5.17%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 28 $4,260,000 $152,143 $2,106 5.42%
    Outside of Metro Areas 19 $3,815,000 $200,789 $1,970 5.07%
    Edwards, CO (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $4,470 4.50%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 4 $760,000 $190,000 $1,417 4.99%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $460,000 $115,000 $1,168 5.14%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $360,000 $180,000 $763 5.38%
    EL PASO, TX (FHA|USDA|VA) 3 $305,000 $101,667 $1,468 4.67%
    VICTORIA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $300 6.10%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $125,000 $125,000 $6,033 4.63%
    Brenham, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,669 5.63%
    Athens, TX (FHA|USDA|VA) 1 $115,000 $115,000 $553 8.50%
    Jacksonville, TX (FHA|USDA|VA) 1 $105,000 $105,000 $300 5.85%
    ABILENE, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,767 4.38%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $85,000 $85,000 $325 5.60%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $85,000 $85,000 $800 5.25%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $75,000 $75,000 $3,895 4.50%
    LAREDO, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,185 4.75%
    ODESSA, TX (FHA|USDA|VA) 1 $65,000 $65,000 $810 6.50%
    Huntsville, TX (FHA|USDA|VA) 1 $55,000 $55,000 $325 5.35%
    Granbury, TX (FHA|USDA|VA) 1 $55,000 $55,000 $325 4.00%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $55,000 $55,000 $325 6.00%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $45,000 $45,000 $325 4.00%
    Amplify's top markets include Austin, Dallas, Houston, San Antonio, and Edwards among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AMPLIFY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Extraco Banks
    Similarity Rank: 330
    MEMBERS CHOICE Credit Union
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    SMART FINANCIAL CREDIT UNION
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    TEXAS BAY
    Similarity Rank: 888
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1060
    First National Bank Texas
    Similarity Rank: 1134
    TEXANS
    Similarity Rank: 1204
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1215
    NEIGHBORHOOD
    Similarity Rank: 1228
    JSC
    Similarity Rank: 1296

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 904 $144,220,000 $159,535 $1,758 5.02%
    USDA 1 $185,000 $185,000 $5,631 4.50%

    For 2019, Amplify's most frequently originated type of loan was Conventional, with 904 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 278 $52,180,000 $187,698 $1,808 5.60%
    Refi 210 $43,430,000 $206,810 $2,993 4.38%
    Home Improvement 202 $18,010,000 $89,158 $648 5.00%
    Cash Out Refi 125 $21,275,000 $170,200 $2,031 4.77%
    Other 51 $3,535,000 $69,314 $551 5.46%
    NA 39 $5,975,000 $153,205 $1,631 4.66%

    For 2019, Amplify's most frequently cited loan purpose was Home Purchase, with 278 originations. The 2nd most popular reason was Refi, with 210 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 469 $62,755,000 $133,806 $927 5.49%
    30 Year 210 $63,540,000 $302,571 $4,867 4.07%
    10 Year 89 $6,365,000 $71,517 $478 4.95%
    20 Year 70 $6,850,000 $97,857 $684 5.61%
    5 Year 66 $4,670,000 $70,758 $360 4.14%
    Other 1 $225,000 $225,000 $0 6.50%

    For 2019, Amplify's most frequently cited loan duration was 15 Year, with 469 originations. The 2nd most popular length was 30 Year, with 210 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 630 $73,010,000 $115,889
    $1k-2k 201 $52,975,000 $263,557
    $2k-3k 24 $6,870,000 $286,250
    $3k-4k 12 $3,030,000 $252,500
    $5k+ 9 $3,575,000 $397,222
    $4k-5k 2 $310,000 $155,000

    Amplify's average total fees were $4,867, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 630 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 262 $30,680,000 $117,099
    4-5% 240 $41,260,000 $171,917
    3-4% 221 $49,885,000 $225,724
    6-7% 141 $16,125,000 $114,362
    7-8% 30 $4,550,000 $151,667
    2.5-3% 8 $1,670,000 $208,750
    Over 8% 3 $235,000 $78,333

    During 2019, Amplify's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 5-6%, with 262 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 426 $26,880,000 $63,099 $573 5.31%
    $100k-200k 240 $34,820,000 $145,083 $1,866 5.05%
    $200k-400k 185 $49,755,000 $268,946 $3,308 4.54%
    $400k-600k 37 $17,395,000 $470,135 $4,554 4.12%
    $600k-1MM 13 $10,125,000 $778,846 $7,832 4.30%
    $1MM+ 4 $5,430,000 $1,357,500 $8,304 4.38%

    2019 saw Amplify place emphasis on $100,000 or less loans with 426 originations, totaling $26,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 275 $45,325,000 $164,818 $1,599 5.16%
    $100k-150k 229 $34,095,000 $148,886 $1,819 4.83%
    $250k+ 153 $35,345,000 $231,013 $1,628 5.41%
    $50k-75k 89 $10,945,000 $122,978 $2,341 4.52%
    $75k-100k 86 $10,120,000 $117,674 $1,748 4.85%
    $50k or less 50 $4,290,000 $85,800 $1,806 4.72%

    Amplify lent most frequently to those with incomes in the $150k-250k range, with 275 originations. The second most popular income band? $100k-150k, with 229 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 174 $28,650,000 $164,655 $1,795 4.70%
    30-36% 158 $21,370,000 $135,253 $1,695 4.90%
    <20% 59 $9,785,000 $165,847 $2,336 4.38%
    36% 50 $7,190,000 $143,800 $1,461 5.23%
    43% 50 $6,550,000 $131,000 $1,303 5.25%
    42% 43 $7,625,000 $177,326 $1,973 5.28%
    41% 42 $6,810,000 $162,143 $1,568 5.43%
    44% 40 $6,680,000 $167,000 $1,887 5.17%
    39% 36 $5,510,000 $153,056 $1,560 5.33%
    38% 35 $6,285,000 $179,571 $1,625 5.20%
    49% 32 $6,860,000 $214,375 $2,527 4.78%
    37% 32 $4,560,000 $142,500 $1,430 5.16%
    40% 29 $3,865,000 $133,276 $1,410 5.24%
    46% 28 $5,750,000 $205,357 $2,337 5.13%
    45% 27 $4,545,000 $168,333 $1,713 4.96%
    47% 26 $4,600,000 $176,923 $1,905 5.28%
    48% 18 $3,170,000 $176,111 $1,408 5.39%

    Amplify lent most frequently to those with DTI ratios of 20-30%, with 174 originations. The next most common DTI ratio? 30-36%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 638 $98,450,000 $154,310 $1,696 4.97%
    Not provided 147 $26,265,000 $178,673 $2,116 5.15%
    Asian 55 $9,785,000 $177,909 $1,801 4.92%
    Not applicable 23 $4,285,000 $186,304 $0 5.77%
    Black 26 $2,700,000 $103,846 $1,073 5.18%
    American Indian 10 $2,230,000 $223,000 $2,450 4.76%
    Asian Indian 4 $530,000 $132,500 $2,451 3.91%
    Vietnamese 1 $85,000 $85,000 $325 3.50%
    Native Hawaiian or Islander 1 $75,000 $75,000 $553 6.50%

    Approval Rates

    Total approvals of all applications
    77.75%

    Amplify has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    49.39%

    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 905 $144,405,000 $159,564

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $675,000 $675,000
    Single Family (1-4 Units):Site-Built 904 $143,730,000 $158,993

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 229 $33,825,000 $147,707 $821 5.36%
    40-60% 82 $16,910,000 $206,220 $2,988 4.13%
    60-80% 171 $49,645,000 $290,322 $4,477 4.45%
    80-100% 62 $17,910,000 $288,871 $4,532 4.27%
    Under 20% 361 $26,115,000 $72,341 $508 5.40%