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

Review & Overview

Amplify is a smaller mortgage company specializing in Refi and Home Purchase loans. Amplify has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Dallas, Houston, San Antonio, and Corpus Christi among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)

Amplify has an above 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%	12/23/24
30 Year Conventional Purchase	6.66%	12/23/24
30 Year Conventional Refi	6.38%	12/23/24
30 Year Cash-out Refi	6.63%	12/23/24
30 Year FHA Purchase	6.27%	12/23/24
15 Year Conventional Purchase	7.56%	12/23/24
15 Year Conventional Refi	6.53%	12/23/24
15 Year Cash-out Refi	6.53%	12/23/24
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

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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

1,869

Origination Dollar Volume (All Markets)

$596,335,000

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1,378	$428,960,000	$311,292	$3,861	3.84%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	194	$67,550,000	$348,196	$3,237	4.26%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	145	$46,265,000	$319,069	$3,340	4.45%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	55	$19,225,000	$349,545	$3,434	4.63%
Outside of Metro Areas	38	$15,480,000	$407,368	$4,084	4.20%
CORPUS CHRISTI, TX (FHA\|USDA\|VA)	10	$5,070,000	$507,000	$5,663	3.96%
KILLEEN-TEMPLE, TX (FHA\|USDA\|VA)	13	$1,805,000	$138,846	$3,880	3.36%
COLLEGE STATION-BRYAN, TX (FHA\|USDA\|VA)	5	$1,735,000	$347,000	$5,618	3.10%
Edwards, CO (FHA\|USDA\|VA)	1	$1,645,000	$1,645,000	$5,239	3.75%
MIDLAND, TX (FHA\|USDA\|VA)	3	$1,025,000	$341,667	$2,267	4.87%
SHERMAN-DENISON, TX (FHA\|USDA\|VA)	2	$1,020,000	$510,000	$6,101	4.13%
FORT COLLINS, CO (FHA\|USDA\|VA)	2	$1,000,000	$500,000	$4,815	3.25%
Port Lavaca, TX (FHA\|USDA\|VA)	1	$795,000	$795,000	$11,238	3.50%
WACO, TX (FHA\|USDA\|VA)	3	$705,000	$235,000	$3,092	3.23%
MCALLEN-EDINBURG-MISSION, TX (FHA\|USDA\|VA)	1	$685,000	$685,000	$6,139	3.63%
Fredericksburg, TX (FHA\|USDA\|VA)	2	$620,000	$310,000	$3,044	4.81%
Brenham, TX (FHA\|USDA\|VA)	1	$345,000	$345,000	$5,744	3.38%
ODESSA, TX (FHA\|USDA\|VA)	1	$335,000	$335,000	$564	6.25%
EL PASO, TX (FHA\|USDA\|VA)	1	$255,000	$255,000	$4,195	3.00%
Brownwood, TX (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,763	3.13%
Huntsville, TX (FHA\|USDA\|VA)	2	$230,000	$115,000	$2,248	3.28%
SAN ANGELO, TX (FHA\|USDA\|VA)	1	$205,000	$205,000	$550	5.88%
Sulphur Springs, TX (FHA\|USDA\|VA)	1	$195,000	$195,000	$4,043	3.25%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	1	$195,000	$195,000	$5,753	2.13%
ABILENE, TX (FHA\|USDA\|VA)	1	$175,000	$175,000	$3,208	2.88%
AMARILLO, TX (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,710	3.63%
Kerrville, TX (FHA\|USDA\|VA)	1	$125,000	$125,000	$325	3.30%
WICHITA FALLS, TX (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,927	3.25%
Rockport, TX (FHA\|USDA\|VA)	1	$65,000	$65,000	$554	6.63%
LAREDO, TX (FHA\|USDA\|VA)	1	$65,000	$65,000	$325	4.05%
Athens, TX (FHA\|USDA\|VA)	1	$45,000	$45,000	$325	3.00%

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

Their top states include:

Texas (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

North Carolina (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.

GULF COAST
Similarity Rank: 474

United Heritage Credit Union
Similarity Rank: 657

CADENCE LENDING GROUP, INC.
Similarity Rank: 1480

MEMBERS CHOICE Credit Union
Similarity Rank: 1824

AAXY L.L.C.
Similarity Rank: 1836

Shea Mortgage Inc.
Similarity Rank: 1848

TEXAS TRUST
Similarity Rank: 1885

ASSOCIATED CREDIT UNION OF TEXAS
Similarity Rank: 1895

DATCU
Similarity Rank: 1900

PRIMEWAY
Similarity Rank: 2088

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	1,862	$594,530,000	$319,296	$3,741	3.96%
VA	3	$875,000	$291,667	$5,284	2.42%
FHA	2	$510,000	$255,000	$11,833	3.25%
HELOC	1	$145,000	$145,000	n/a	4.50%
USDA	1	$275,000	$275,000	$8,213	3.25%

For 2020, Amplify's most frequently originated type of loan was Conventional, with 1,862 originations. Their 2nd most popular type was VA, with 3 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	811	$279,235,000	$344,309	$4,096	3.48%
Home Purchase	594	$199,250,000	$335,438	$3,628	4.73%
Cash Out Refi	254	$77,350,000	$304,528	$3,997	3.73%
Home Improvement	140	$24,210,000	$172,929	$2,026	3.87%
Other	65	$15,035,000	$231,308	$3,193	4.11%
NA	5	$1,255,000	$251,000	$6,767	3.58%

For 2020, Amplify's most frequently cited loan purpose was Refi, with 811 originations. The 2nd most popular reason was Home Purchase, with 594 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	869	$423,655,000	$487,520	$6,263	3.38%
15 Year	801	$143,555,000	$179,220	$1,605	4.58%
20 Year	84	$17,870,000	$212,738	$2,377	4.29%
10 Year	81	$8,555,000	$105,617	$911	3.90%
5 Year	32	$2,600,000	$81,250	$370	3.42%
Other	2	$100,000	$50,000	$500	5.39%

For 2020, Amplify's most frequently cited loan duration was 30 Year, with 869 originations. The 2nd most popular length was 15 Year, with 801 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	870	$202,040,000	$232,230
$1k-2k	624	$221,810,000	$355,465
$2k-3k	173	$80,805,000	$467,081
$5k+	100	$63,230,000	$632,300
$3k-4k	63	$15,485,000	$245,794
$4k-5k	36	$12,470,000	$346,389

Amplify's average total fees were $6,263, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 870 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	833	$389,255,000	$467,293
5-6%	389	$59,665,000	$153,380
2.5-3%	316	$82,750,000	$261,867
4-5%	160	$29,440,000	$184,000
<2.5%	96	$23,490,000	$244,688
6-7%	72	$11,010,000	$152,917
7-8%	3	$725,000	$241,667

During 2020, Amplify's average interest rate for loans was 3.38%, while their most frequently originated rate bucket for loans was 3-4%, with 833 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	531	$148,745,000	$280,122	$3,854	3.57%
$100k-200k	457	$67,775,000	$148,304	$2,173	4.19%
$100,000 or less	376	$26,150,000	$69,548	$685	4.71%
$600k-1MM	298	$232,300,000	$779,530	$8,191	3.63%
$400k-600k	183	$90,325,000	$493,579	$5,836	3.55%
$1MM+	24	$31,040,000	$1,293,333	$8,544	3.64%

2020 saw Amplify place emphasis on $200k-400k loans with 531 originations, totaling $148,745,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	660	$208,600,000	$316,061	$3,651	4.16%
$250k+	503	$249,415,000	$495,855	$4,509	4.35%
$100k-150k	368	$79,840,000	$216,957	$3,269	3.62%
$75k-100k	155	$29,765,000	$192,032	$3,374	3.44%
$50k-75k	145	$24,095,000	$166,172	$3,487	3.28%
$50k or less	38	$4,620,000	$121,579	$2,841	3.34%

Amplify lent most frequently to those with incomes in the $150k-250k range, with 660 originations. The second most popular income band? $250k+, with 503 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	471	$143,885,000	$305,488	$3,855	3.71%
30-36%	362	$125,000,000	$345,304	$3,999	3.93%
<20%	170	$56,970,000	$335,118	$4,041	3.46%
44%	98	$29,490,000	$300,918	$3,225	4.31%
42%	95	$34,385,000	$361,947	$3,368	4.21%
41%	82	$20,570,000	$250,854	$3,417	4.23%
40%	81	$28,545,000	$352,407	$3,823	4.37%
43%	80	$28,320,000	$354,000	$4,106	4.23%
39%	74	$24,450,000	$330,405	$4,541	4.06%
36%	65	$22,425,000	$345,000	$4,023	3.70%
37%	65	$21,425,000	$329,615	$3,112	4.30%
38%	61	$19,435,000	$318,607	$3,252	4.26%
46%	38	$8,680,000	$228,421	$2,990	4.31%
45%	36	$10,790,000	$299,722	$3,062	4.39%
47%	31	$7,215,000	$232,742	$3,421	4.45%
49%	29	$7,955,000	$274,310	$3,419	3.78%
48%	25	$5,735,000	$229,400	$2,960	4.20%
50-60%	4	$440,000	$110,000	$1,328	4.89%
>60%	2	$620,000	$310,000	$3,504	2.50%

Amplify lent most frequently to those with DTI ratios of 20-30%, with 471 originations. The next most common DTI ratio? 30-36%, with 362 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,350	$442,050,000	$327,444	$3,789	3.96%
Not provided	306	$99,170,000	$324,085	$3,704	4.10%
Asian	124	$35,810,000	$288,790	$3,830	3.74%
Black	52	$11,690,000	$224,808	$3,162	4.09%
American Indian	18	$3,590,000	$199,444	$4,254	3.36%
Asian Indian	12	$2,550,000	$212,500	$1,882	3.33%
Native Hawaiian or Islander	1	$475,000	$475,000	$10,395	2.88%
Vietnamese	2	$370,000	$185,000	$2,427	3.21%
Chinese	2	$280,000	$140,000	$3,045	3.65%
Other Asian	1	$255,000	$255,000	$4,189	4.50%
Japanese	1	$95,000	$95,000	$4,203	2.63%

Approval Rates

Total approvals of all applications
93.09%

Amplify has an average approval rate.

Pick Rate

Approvals leading to origination
54.36%

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	1,869	$596,335,000	$319,066

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	1,869	$596,335,000	$319,066

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	349	$70,115,000	$200,903	$1,437	4.56%
40-60%	272	$91,960,000	$338,088	$4,804	3.23%
60-80%	618	$300,720,000	$486,602	$5,957	3.38%
80-100%	198	$93,010,000	$469,747	$6,440	3.41%
Under 20%	432	$40,530,000	$93,819	$601	5.01%