American Nationwide Mortgage Company Rates, Fees & Info

TAMPA, FL

LEI: 549300WKXTUY0SWZNZ90

Tax ID: 59-3378746

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Mortgage Data

Review & Overview

American Nationwide Mortgage Company is a smaller mortgage company specializing in Home Purchase loans. American Nationwide Mortgage Company has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Providence, Chicago, Minneapolis, Virginia Beach, and Orlando among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Nationwide Mortgage Company 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. American Nationwide Mortgage Company is typically a high 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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Originations

169

Origination Dollar Volume (All Markets)

$45,555,000

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
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 16 $7,010,000 $438,125 $21,011 6.83%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 20 $5,630,000 $281,500 $12,751 6.89%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 31 $5,615,000 $181,129 $6,395 4.43%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 13 $3,395,000 $261,154 $10,570 6.89%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $2,700,000 $337,500 $13,475 6.22%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,920,000 $480,000 $19,181 6.38%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,390,000 $347,500 $18,301 6.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $1,315,000 $187,857 $5,422 5.84%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,250,000 $312,500 $8,283 6.78%
Outside of Metro Areas 5 $1,215,000 $243,000 $11,286 6.43%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $1,110,000 $555,000 $21,809 7.56%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $880,000 $440,000 $7,715 6.63%
LAFAYETTE, LA (FHA|USDA|VA) 5 $865,000 $173,000 $11,547 5.95%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $865,000 $288,333 $6,556 7.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 5 $855,000 $171,000 $10,809 5.98%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $800,000 $200,000 $8,265 6.09%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $795,000 $265,000 $12,118 7.00%
Dublin, GA (FHA|USDA|VA) 5 $745,000 $149,000 $8,549 6.10%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $725,000 $725,000 $12,714 6.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $590,000 $295,000 $6,538 7.19%
GREELEY, CO (FHA|USDA|VA) 1 $485,000 $485,000 $24,853 6.75%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $480,000 $240,000 $5,135 6.99%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $445,000 $445,000 $25,038 6.63%
ROANOKE, VA (FHA|USDA|VA) 3 $435,000 $145,000 $6,084 6.88%
GAINESVILLE, GA (FHA|USDA|VA) 1 $385,000 $385,000 $9,106 5.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $385,000 $385,000 $14,058 6.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $375,000 $375,000 $4,416 6.38%
FLORENCE, SC (FHA|USDA|VA) 1 $305,000 $305,000 $13,547 6.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $270,000 $135,000 $6,026 6.56%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $255,000 $255,000 $10,828 6.75%
Okeechobee, FL (FHA|USDA|VA) 1 $255,000 $255,000 $11,071 7.25%
Wilson, NC (FHA|USDA|VA) 2 $250,000 $125,000 $5,882 6.94%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $235,000 $235,000 $9,654 6.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $215,000 $215,000 $6,015 7.38%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $205,000 $205,000 $9,077 7.25%
DOTHAN, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.50%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $185,000 $185,000 $7,110 7.63%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $155,000 $155,000 $4,209 6.63%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $8,793 5.88%
American Nationwide Mortgage Company's top markets include Providence, Chicago, Minneapolis, Virginia Beach, and Orlando among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

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

    Charter Oak Federal Credit Union
    Similarity Rank: 32
    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    OCEAN STATE CREDIT UNION
    Similarity Rank: 45
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    SOMERSET
    Similarity Rank: 48
    ABNB Federal Credit Union
    Similarity Rank: 65
    JOHNSON MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 108
    SCIENT Federal Credit Union
    Similarity Rank: 110
    N C P D Federal Credit Union
    Similarity Rank: 126

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $19,790,000 $235,595 $6,931 5.92%
    FHA 75 $23,065,000 $307,533 $15,675 6.49%
    VA 7 $2,025,000 $289,286 $6,771 7.00%
    USDA 3 $675,000 $225,000 $10,826 6.04%

    For 2023, American Nationwide Mortgage Company's most frequently originated type of loan was Conventional, with 84 originations. Their 2nd most popular type was FHA, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 147 $40,145,000 $273,095 $11,358 6.09%
    Cash Out Refi 13 $3,075,000 $236,538 $10,012 7.16%
    Refi 9 $2,335,000 $259,444 $7,037 6.85%

    For 2023, American Nationwide Mortgage Company's most frequently cited loan purpose was Home Purchase, with 147 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 162 $44,600,000 $275,309 $11,331 6.21%
    10 Year 3 $45,000 $15,000 $135 6.79%
    15 Year 2 $430,000 $215,000 $5,736 6.13%
    20 Year 1 $95,000 $95,000 $7,129 5.75%
    Other 1 $385,000 $385,000 $14,058 6.63%

    For 2023, American Nationwide Mortgage Company's most frequently cited loan duration was 30 Year, with 162 originations. The 2nd most popular length was 10 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 77 $28,635,000 $371,883
    $4k-5k 24 $5,680,000 $236,667
    $<1k 21 $1,405,000 $66,905
    $3k-4k 18 $3,140,000 $174,444
    $2k-3k 15 $3,245,000 $216,333
    $1k-2k 9 $2,325,000 $258,333

    American Nationwide Mortgage Company's average total fees were $11,331, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 77 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 83 $24,925,000 $300,301
    7-8% 41 $11,275,000 $275,000
    5-6% 27 $7,145,000 $264,630
    <2.5% 12 $180,000 $15,000
    Over 8% 4 $1,320,000 $330,000
    4-5% 2 $710,000 $355,000

    During 2023, American Nationwide Mortgage Company's average interest rate for loans was 6.21%, while their most frequently originated rate bucket for loans was 6-7%, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 81 $23,495,000 $290,062 $11,511 6.66%
    $100k-200k 34 $5,380,000 $158,235 $7,779 6.77%
    $400k-600k 24 $11,290,000 $470,417 $18,233 6.57%
    $100,000 or less 23 $735,000 $31,957 $1,456 3.26%
    $600k-1MM 7 $4,655,000 $665,000 $27,777 6.86%

    2023 saw American Nationwide Mortgage Company place emphasis on $200k-400k loans with 81 originations, totaling $23,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 46 $9,190,000 $199,783 $9,461 5.55%
    $100k-150k 45 $14,435,000 $320,778 $11,647 6.91%
    $75k-100k 38 $9,590,000 $252,368 $10,725 5.62%
    $150k-250k 19 $8,505,000 $447,632 $17,438 6.88%
    $50k or less 18 $2,350,000 $130,556 $6,185 6.53%
    $250k+ 3 $1,485,000 $495,000 $18,286 7.54%

    American Nationwide Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $100k-150k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 26 $8,970,000 $345,000 $16,848 6.39%
    30-36% 18 $4,280,000 $237,778 $8,095 6.26%
    <20% 15 $1,285,000 $85,667 $1,782 3.68%
    20-30% 13 $2,725,000 $209,615 $7,431 6.79%
    49% 12 $3,460,000 $288,333 $11,444 6.60%
    43% 10 $3,340,000 $334,000 $11,559 6.53%
    44% 10 $2,580,000 $258,000 $11,233 5.96%
    48% 8 $2,230,000 $278,750 $8,535 6.75%
    46% 7 $2,655,000 $379,286 $19,841 6.64%
    42% 7 $1,915,000 $273,571 $8,069 6.11%
    36% 7 $2,075,000 $296,429 $13,293 6.77%
    38% 7 $1,605,000 $229,286 $10,147 6.85%
    45% 6 $1,750,000 $291,667 $11,405 5.75%
    39% 5 $695,000 $139,000 $4,752 5.65%
    41% 5 $1,505,000 $301,000 $15,223 6.80%
    47% 5 $2,175,000 $435,000 $17,897 6.65%
    40% 5 $1,715,000 $343,000 $15,792 6.50%
    37% 2 $430,000 $215,000 $9,652 7.00%

    American Nationwide Mortgage Company lent most frequently to those with DTI ratios of 50-60%, with 26 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $20,660,000 $245,952 $8,677 5.94%
    Black 55 $14,485,000 $263,364 $12,836 6.32%
    Not provided 23 $7,865,000 $341,957 $16,151 6.87%
    Asian 6 $2,350,000 $391,667 $8,506 6.67%
    Native Hawaiian 1 $195,000 $195,000 $8,469 5.88%

    Approval Rates

    Total approvals of all applications
    96.70%

    American Nationwide Mortgage Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    64.50%

    American Nationwide Mortgage Company 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 169 $45,555,000 $269,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    169 $45,555,000 $269,556

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $260,000 $130,000 $5,213 6.50%
    40-60% 12 $2,520,000 $210,000 $7,029 6.85%
    60-80% 30 $9,480,000 $316,000 $9,901 7.04%
    80-100% 107 $32,625,000 $304,907 $13,699 6.56%
    Over 100% 1 $415,000 $415,000 $9,743 6.75%
    Under 20% 17 $255,000 $15,000 $155 2.10%