Amplify Mortgage Rates, Fees & Info
Austin, TXLEI: 549300T7QCXC3PXO0W07
Tax ID: 74-1592875
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Mortgage Data
Review & 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 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,266Origination Dollar Volume (All Markets)
$1,070,250,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,260 | $1,068,150,000 | $472,633 | $5,180 | 3.76% |
| VA | 4 | $1,670,000 | $417,500 | $12,602 | 2.53% |
| HELOC | 2 | $430,000 | $215,000 | n/a | 3.00% |
For 2021, Amplify's most frequently originated type of loan was Conventional, with 2,260 originations. Their 2nd most popular type was VA, with 4 originations.
Loan Reason
For 2021, Amplify's most frequently cited loan purpose was Home Purchase, with 967 originations. The 2nd most popular reason was Refi, with 595 originations.
Loan Duration/Length
For 2021, Amplify's most frequently cited loan duration was 30 Year, with 1,214 originations. The 2nd most popular length was 15 Year, with 769 originations.
Origination Fees/Closing Costs
Amplify's average total fees were $8,276, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 902 originations.
Interest Rates
During 2021, Amplify's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 1,101 originations.
Loan Sizing
2021 saw Amplify place emphasis on $600k-1MM loans with 616 originations, totaling $482,700,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.37%
Amplify has an average approval rate.
Pick Rate
Approvals leading to origination79.92%
Amplify has a below average pick rate.
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 |