Academy Mortgage Corporation Rates, Fees & Info

Salt Lake City, UT

LEI: 549300WTZMQSET2VY242

Tax ID: 87-0456373

2020 Data | 2019 Data | 2018 Data


Overview

Academy Mortgage Corporation is a large mortgage company specializing in Home Purchase and Refi loans. Academy Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Ogden, Phoenix, Portland, Salt Lake City, and Seattle among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Academy Mortgage Corporation is typically a high fee lendor.


Originations

59,173

Origination Dollar Volume (All Markets)

$15,283,705,000

Relative Rate

Academy Mortgage Corporation's average 30 year fixed rate mortgage was 3.24%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.12%.

Relative Fees

Academy Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $6,189.

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 $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 45,487 $11,699,295,000 $257,201 $4,940 3.00%
FHA 9,087 $2,128,005,000 $234,181 $9,393 3.42%
VA 3,786 $1,291,780,000 $341,199 $8,020 3.05%
USDA 813 $164,625,000 $202,491 $6,349 3.28%

For the 2020 period, Academy Mortgage Corporation's most frequently originated loan type was Conventional, with 45,487 originations. Their 2nd most popular type is FHA, with 9,087 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 33,753 $7,982,665,000 $236,502 $6,897 2.96%
Refi 15,244 $4,370,280,000 $286,689 $4,548 3.14%
Cash Out Refi 10,175 $2,930,455,000 $288,005 $5,406 3.32%
Home Improvement 1 $305,000 $305,000 $7,016 2.88%

For the 2020, Academy Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 33,753 originations. The 2nd most popular reason was Refi, with 15,244 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 49,740 $13,714,110,000 $275,716 $6,189 3.24%
15 Year 3,977 $879,525,000 $221,153 $4,134 2.75%
20 Year 1,733 $451,335,000 $260,436 $4,180 3.13%
Other 1,329 $165,275,000 $124,360 $3,991 1.43%
3 Year 1,071 $9,585,000 $8,950 $0 0.02%
10 Year 681 $54,885,000 $80,595 $3,414 2.59%
5 Year 626 $3,540,000 $5,655 $0 0.03%
30+ year 16 $5,450,000 $340,625 $8,223 5.23%

For the 2020, Academy Mortgage Corporation's most frequently cited loan length was 30 Year, with 49,740 originations. The 2nd most popular length was 15 Year, with 3,977 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 20,683 $5,774,615,000 $279,196
$3k-4k 13,587 $3,821,235,000 $281,242
$2k-3k 9,400 $2,238,130,000 $238,099
$<1k 8,235 $737,985,000 $89,616
$5k+ 6,305 $2,504,495,000 $397,224

$6,189 was Academy Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 20,683 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 6,441 $1,482,085,000 $230,102 $5,506 3.10%
OGDEN-CLEARFIELD, UT 3,884 $1,025,770,000 $264,101 $6,220 3.38%
PHOENIX-MESA-CHANDLER, AZ 4,365 $992,265,000 $227,323 $6,935 3.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 2,837 $958,755,000 $337,947 $6,174 3.22%
SALT LAKE CITY, UT 2,763 $867,375,000 $313,925 $5,440 3.28%
SEATTLE-BELLEVUE-KENT, WA 1,365 $664,525,000 $486,832 $7,107 3.15%
BOISE CITY, ID 2,672 $664,490,000 $248,686 $6,348 3.14%
COLORADO SPRINGS, CO 1,777 $512,605,000 $288,467 $5,286 2.83%
BALTIMORE-COLUMBIA-TOWSON, MD 1,309 $388,065,000 $296,459 $4,185 3.03%
OLYMPIA-LACEY-TUMWATER, WA 1,172 $364,460,000 $310,973 $6,599 3.11%
GRAND JUNCTION, CO 1,508 $337,690,000 $223,932 $4,729 2.97%
DALLAS-PLANO-IRVING, TX 1,276 $287,930,000 $225,650 $6,663 2.90%
PROVO-OREM, UT 929 $279,735,000 $301,114 $6,293 3.30%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 1,462 $261,470,000 $178,844 $7,177 2.60%
DENVER-AURORA-LAKEWOOD, CO 855 $260,745,000 $304,965 $5,674 2.87%
MODESTO, CA 971 $246,115,000 $253,465 $5,261 2.98%
COEUR D'ALENE, ID 920 $238,360,000 $259,087 $6,155 3.18%
TACOMA-LAKEWOOD, WA 678 $225,890,000 $333,171 $7,627 2.97%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 850 $214,830,000 $252,741 $8,919 2.71%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 535 $208,445,000 $389,617 $3,539 3.22%
FORT COLLINS, CO 660 $206,490,000 $312,864 $5,043 3.06%
SALEM, OR 701 $206,145,000 $294,073 $5,557 3.31%
URBAN HONOLULU, HI 354 $191,610,000 $541,271 $10,832 3.07%
ST. GEORGE, UT 709 $184,495,000 $260,219 $5,599 3.43%
PORTLAND-SOUTH PORTLAND, ME 521 $147,415,000 $282,946 $4,160 3.26%
GREELEY, CO 469 $132,545,000 $282,612 $6,101 2.91%
YUMA, AZ 782 $130,530,000 $166,918 $6,164 2.92%
JACKSONVILLE, FL 817 $128,425,000 $157,191 $6,772 2.47%
SPRINGFIELD, MA 680 $127,030,000 $186,809 $4,921 3.10%
BEND, OR 359 $113,635,000 $316,532 $6,493 3.34%
SAN ANTONIO-NEW BRAUNFELS, TX 627 $112,105,000 $178,796 $7,741 2.42%
STOCKTON, CA 345 $111,435,000 $323,000 $5,433 3.14%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 578 $109,360,000 $189,204 $6,566 2.72%
ALBUQUERQUE, NM 550 $92,580,000 $168,327 $5,613 3.62%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 275 $92,325,000 $335,727 $7,128 2.82%
ANCHORAGE, AK 313 $87,655,000 $280,048 $6,926 3.07%
LONGVIEW, WA 368 $84,390,000 $229,321 $7,208 2.87%
DETROIT-DEARBORN-LIVONIA, MI 569 $82,265,000 $144,578 $4,201 2.98%
LOS ANGELES-LONG BEACH-GLENDALE, CA 188 $82,230,000 $437,394 $9,020 3.07%
WALLA WALLA, WA 335 $77,105,000 $230,164 $5,885 2.97%
COLUMBUS, OH 354 $70,230,000 $198,390 $5,613 2.99%
SANTA CRUZ-WATSONVILLE, CA 125 $68,155,000 $545,240 $7,013 3.34%
LAKE HAVASU CITY-KINGMAN, AZ 281 $63,595,000 $226,317 $5,972 3.29%
SEBASTIAN-VERO BEACH, FL 253 $60,435,000 $238,874 $4,938 3.23%
MCALLEN-EDINBURG-MISSION, TX 394 $59,420,000 $150,812 $6,650 2.65%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 112 $57,830,000 $516,339 $6,407 3.21%
FLAGSTAFF, AZ 211 $56,885,000 $269,597 $6,738 3.12%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 182 $56,850,000 $312,363 $5,889 2.83%
ALBANY-LEBANON, OR 211 $55,765,000 $264,289 $5,289 3.35%
WARREN-TROY-FARMINGTON HILLS, MI 242 $51,390,000 $212,355 $4,150 3.33%
SPOKANE-SPOKANE VALLEY, WA 214 $47,270,000 $220,888 $4,437 3.21%
BROWNSVILLE-HARLINGEN, TX 313 $46,195,000 $147,588 $6,617 2.98%
KANSAS CITY, MO-KS 291 $45,865,000 $157,612 $4,170 2.86%
ANAHEIM-SANTA ANA-IRVINE, CA 102 $45,630,000 $447,353 $8,394 3.04%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 119 $44,245,000 $371,807 $4,228 2.89%
YAKIMA, WA 205 $43,085,000 $210,171 $6,970 2.66%
BURLINGTON-SOUTH BURLINGTON, VT 174 $41,480,000 $238,391 $4,722 2.98%
PITTSFIELD, MA 246 $38,330,000 $155,813 $5,225 3.22%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 139 $38,045,000 $273,705 $5,824 3.20%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 116 $36,140,000 $311,552 $5,446 3.27%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 111 $36,095,000 $325,180 $6,785 3.11%
BAY CITY, MI 382 $35,720,000 $93,508 $3,880 2.93%
PORT ST. LUCIE, FL 145 $34,855,000 $240,379 $5,866 3.32%
MOUNT VERNON-ANACORTES, WA 99 $34,615,000 $349,646 $6,877 3.17%
PHILADELPHIA, PA 108 $33,700,000 $312,037 $4,903 3.26%
ROCKFORD, IL 330 $31,660,000 $95,939 $4,738 2.24%
PRESCOTT VALLEY-PRESCOTT, AZ 134 $31,200,000 $232,836 $5,862 3.25%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 105 $29,725,000 $283,095 $5,266 3.09%
CORVALLIS, OR 95 $29,625,000 $311,842 $4,928 3.32%
MIAMI-MIAMI BEACH-KENDALL, FL 89 $29,555,000 $332,079 $7,579 3.37%
GARY, IN 165 $28,385,000 $172,030 $4,269 3.15%
MIDLAND, MI 234 $28,170,000 $120,385 $4,496 3.05%
ANN ARBOR, MI 104 $27,160,000 $261,154 $4,608 3.18%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 92 $26,980,000 $293,261 $5,523 3.31%
LOGAN, UT-ID 114 $26,890,000 $235,877 $5,737 3.30%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 117 $26,545,000 $226,880 $7,111 2.88%
OAKLAND-BERKELEY-LIVERMORE, CA 52 $26,110,000 $502,115 $7,343 3.26%
FORT WAYNE, IN 198 $25,940,000 $131,010 $4,708 2.57%
PUEBLO, CO 158 $25,770,000 $163,101 $6,175 2.39%
TYLER, TX 162 $25,190,000 $155,494 $6,179 2.65%
BOULDER, CO 61 $25,105,000 $411,557 $4,805 3.18%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 98 $24,930,000 $254,388 $5,405 3.60%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 46 $23,490,000 $510,652 $8,456 3.04%
KENNEWICK-RICHLAND, WA 94 $23,280,000 $247,660 $6,189 2.86%
RALEIGH-CARY, NC 82 $20,950,000 $255,488 $5,046 3.10%
FRESNO, CA 110 $20,290,000 $184,455 $8,116 2.78%
MERCED, CA 87 $19,975,000 $229,598 $7,127 2.62%
BANGOR, ME 100 $18,170,000 $181,700 $4,648 3.50%
ORLANDO-KISSIMMEE-SANFORD, FL 93 $17,505,000 $188,226 $4,767 3.50%
SAGINAW, MI 143 $17,475,000 $122,203 $4,179 3.01%
CAMDEN, NJ 62 $17,240,000 $278,065 $4,510 3.04%
BOSTON, MA 49 $16,505,000 $336,837 $3,824 3.10%
MILWAUKEE-WAUKESHA, WI 77 $16,485,000 $214,091 $4,351 3.46%
LAS VEGAS-HENDERSON-PARADISE, NV 61 $16,455,000 $269,754 $5,620 3.49%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 55 $14,885,000 $270,636 $2,732 3.22%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 20 $13,410,000 $670,500 $6,391 3.22%
WILMINGTON, DE-MD-NJ 64 $12,940,000 $202,188 $4,864 3.07%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 54 $12,850,000 $237,963 $4,823 3.30%
CHICAGO-NAPERVILLE-EVANSTON, IL 61 $12,745,000 $208,934 $6,438 2.79%
SALISBURY, MD-DE 47 $12,295,000 $261,596 $3,656 3.00%
MORRISTOWN, TN 81 $11,995,000 $148,086 $5,772 3.07%
MONROE, LA 64 $11,780,000 $184,063 $4,734 3.22%
SAVANNAH, GA 51 $11,395,000 $223,431 $5,290 3.28%
LONGVIEW, TX 62 $11,140,000 $179,677 $5,988 3.06%
EUGENE-SPRINGFIELD, OR 35 $10,735,000 $306,714 $4,985 3.21%
LEWISTON-AUBURN, ME 51 $10,395,000 $203,824 $4,467 3.33%
FLINT, MI 79 $9,955,000 $126,013 $4,776 3.11%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 39 $9,855,000 $252,692 $4,276 3.36%
SHERMAN-DENISON, TX 46 $9,100,000 $197,826 $6,394 2.79%
WORCESTER, MA-CT 35 $8,275,000 $236,429 $5,373 3.10%
JACKSON, MS 53 $8,205,000 $154,811 $6,566 3.62%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 33 $7,995,000 $242,273 $4,578 3.33%
TUCSON, AZ 41 $7,755,000 $189,146 $5,797 3.11%
TEXARKANA, TX-AR 72 $7,600,000 $105,556 $5,799 2.70%
THE VILLAGES, FL 31 $7,555,000 $243,710 $5,365 3.16%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 19 $7,475,000 $393,421 $11,006 3.61%
BAKERSFIELD, CA 25 $7,265,000 $290,600 $6,386 3.25%
WENATCHEE, WA 18 $7,120,000 $395,556 $4,810 3.31%
BELLINGHAM, WA 23 $6,955,000 $302,391 $6,399 2.98%
IDAHO FALLS, ID 36 $6,940,000 $192,778 $7,186 3.10%
SALINAS, CA 15 $6,815,000 $454,333 $5,646 3.37%
MONROE, MI 35 $6,475,000 $185,000 $4,902 2.79%
KAHULUI-WAILUKU-LAHAINA, HI 13 $6,385,000 $491,154 $9,507 3.25%
RENO, NV 21 $6,095,000 $290,238 $3,559 3.36%
NORTH PORT-SARASOTA-BRADENTON, FL 27 $5,925,000 $219,444 $5,157 2.74%
OXNARD-THOUSAND OAKS-VENTURA, CA 13 $5,865,000 $451,154 $5,987 3.06%
FAIRBANKS, AK 18 $5,840,000 $324,444 $10,723 2.89%
AUGUSTA-RICHMOND COUNTY, GA-SC 28 $5,260,000 $187,857 $5,191 3.21%
SANTA ROSA-PETALUMA, CA 12 $5,080,000 $423,333 $5,069 3.22%
LANSING-EAST LANSING, MI 27 $4,855,000 $179,815 $4,350 3.09%
FAYETTEVILLE, NC 22 $4,800,000 $218,182 $5,167 3.30%
DURHAM-CHAPEL HILL, NC 18 $4,780,000 $265,556 $4,555 3.21%
SAN RAFAEL, CA 8 $4,750,000 $593,750 $7,202 3.16%
VALLEJO, CA 18 $4,690,000 $260,556 $8,093 2.87%
BEAUMONT-PORT ARTHUR, TX 30 $4,580,000 $152,667 $6,780 3.00%
MEMPHIS, TN-MS-AR 29 $4,525,000 $156,034 $5,584 3.40%
TWIN FALLS, ID 18 $4,370,000 $242,778 $5,563 3.08%
POCATELLO, ID 25 $4,225,000 $169,000 $4,787 3.23%
NEW BRUNSWICK-LAKEWOOD, NJ 8 $4,160,000 $520,000 $7,957 3.14%
PROVIDENCE-WARWICK, RI-MA 13 $4,125,000 $317,308 $3,834 3.19%
HAGERSTOWN-MARTINSBURG, MD-WV 17 $3,865,000 $227,353 $5,612 2.73%
GOLDSBORO, NC 17 $3,695,000 $217,353 $4,362 3.24%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 23 $3,615,000 $157,174 $6,608 3.17%
GRAND RAPIDS-KENTWOOD, MI 21 $3,535,000 $168,333 $4,146 3.46%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 20 $3,450,000 $172,500 $6,823 3.04%
CAPE CORAL-FORT MYERS, FL 12 $3,440,000 $286,667 $5,336 3.06%
KILLEEN-TEMPLE, TX 21 $3,405,000 $162,143 $6,299 2.89%
CALIFORNIA-LEXINGTON PARK, MD 11 $3,365,000 $305,909 $6,028 3.31%
BARNSTABLE TOWN, MA 10 $3,240,000 $324,000 $3,139 3.03%
CORPUS CHRISTI, TX 12 $3,130,000 $260,833 $6,456 2.80%
PALM BAY-MELBOURNE-TITUSVILLE, FL 13 $3,005,000 $231,154 $5,994 3.34%
MIDLAND, TX 14 $2,920,000 $208,571 $8,008 3.34%
FARMINGTON, NM 20 $2,900,000 $145,000 $5,756 3.84%
OCALA, FL 18 $2,900,000 $161,111 $4,490 3.31%
INDIANAPOLIS-CARMEL-ANDERSON, IN 18 $2,820,000 $156,667 $5,206 2.97%
GRANTS PASS, OR 9 $2,735,000 $303,889 $5,269 3.49%
TULSA, OK 12 $2,580,000 $215,000 $5,839 3.53%
YORK-HANOVER, PA 11 $2,525,000 $229,545 $4,746 3.03%
ST. LOUIS, MO-IL 12 $2,510,000 $209,167 $3,638 2.56%
CEDAR RAPIDS, IA 31 $2,405,000 $77,581 $4,502 2.15%
CHEYENNE, WY 11 $2,405,000 $218,636 $5,019 2.45%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 8 $2,320,000 $290,000 $5,912 3.22%
MEDFORD, OR 8 $2,320,000 $290,000 $5,012 3.38%
CHICO, CA 8 $2,300,000 $287,500 $6,783 2.88%
VISALIA, CA 13 $2,265,000 $174,231 $7,338 2.58%
OCEAN CITY, NJ 6 $2,240,000 $373,333 $3,605 2.60%
ELGIN, IL 17 $2,035,000 $119,706 $6,177 2.18%
BIRMINGHAM-HOOVER, AL 10 $1,880,000 $188,000 $4,803 3.60%
MADERA, CA 10 $1,860,000 $186,000 $9,658 2.75%
NAPLES-MARCO ISLAND, FL 5 $1,815,000 $363,000 $5,520 2.90%
ODESSA, TX 11 $1,795,000 $163,182 $7,850 3.41%
MANCHESTER-NASHUA, NH 7 $1,715,000 $245,000 $2,357 3.73%
WACO, TX 7 $1,685,000 $240,714 $4,922 3.34%
GREENVILLE-ANDERSON, SC 10 $1,600,000 $160,000 $4,913 3.66%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 9 $1,545,000 $171,667 $6,371 2.76%
HATTIESBURG, MS 10 $1,510,000 $151,000 $6,097 2.84%
READING, PA 6 $1,510,000 $251,667 $5,838 3.42%
KALAMAZOO-PORTAGE, MI 12 $1,480,000 $123,333 $4,851 2.99%
COLLEGE STATION-BRYAN, TX 6 $1,460,000 $243,333 $6,360 3.44%
COLUMBIA, SC 7 $1,415,000 $202,143 $2,709 3.43%
ATLANTIC CITY-HAMMONTON, NJ 5 $1,395,000 $279,000 $4,995 3.00%
MICHIGAN CITY-LA PORTE, IN 9 $1,355,000 $150,556 $3,727 3.64%
NEW ORLEANS-METAIRIE, LA 5 $1,275,000 $255,000 $9,039 3.13%
KNOXVILLE, TN 5 $1,255,000 $251,000 $4,438 3.20%
LAKELAND-WINTER HAVEN, FL 7 $1,255,000 $179,286 $4,453 3.29%
CHARLOTTESVILLE, VA 3 $1,125,000 $375,000 $5,135 3.00%
SAN LUIS OBISPO-PASO ROBLES, CA 4 $1,120,000 $280,000 $7,172 2.68%
ELKHART-GOSHEN, IN 7 $1,055,000 $150,714 $3,658 2.95%
JACKSON, MI 5 $1,045,000 $209,000 $4,088 2.95%
RACINE, WI 6 $1,040,000 $173,333 $4,223 3.88%
GAINESVILLE, FL 4 $1,020,000 $255,000 $4,131 3.19%
CINCINNATI, OH-KY-IN 7 $1,015,000 $145,000 $4,312 3.18%
OKLAHOMA CITY, OK 5 $1,005,000 $201,000 $4,940 3.05%
GAINESVILLE, GA 4 $960,000 $240,000 $9,302 3.38%
BATON ROUGE, LA 4 $930,000 $232,500 $5,905 3.03%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 2 $920,000 $460,000 $7,436 3.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 4 $910,000 $227,500 $4,840 3.31%
HINESVILLE, GA 4 $910,000 $227,500 $6,948 3.13%
MISSOULA, MT 4 $900,000 $225,000 $3,838 3.69%
SOUTH BEND-MISHAWAKA, IN-MI 9 $885,000 $98,333 $4,088 2.86%
CLEVELAND-ELYRIA, OH 5 $865,000 $173,000 $5,638 3.95%
TRENTON-PRINCETON, NJ 2 $860,000 $430,000 $3,546 3.00%
PITTSBURGH, PA 4 $810,000 $202,500 $3,153 2.81%
JANESVILLE-BELOIT, WI 7 $775,000 $110,714 $4,231 3.79%
LEWISTON, ID-WA 3 $735,000 $245,000 $5,671 3.50%
SIERRA VISTA-DOUGLAS, AZ 4 $720,000 $180,000 $4,781 3.19%
EL PASO, TX 6 $660,000 $110,000 $7,570 2.90%
DAYTON-KETTERING, OH 4 $650,000 $162,500 $8,266 2.78%
SPRINGFIELD, MO 3 $635,000 $211,667 $4,842 3.17%
SANTA FE, NM 5 $635,000 $127,000 $4,756 2.83%
NAPA, CA 2 $630,000 $315,000 $6,011 3.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 3 $625,000 $208,333 $3,970 3.75%
BRIDGEPORT-STAMFORD-NORWALK, CT 2 $620,000 $310,000 $3,567 2.50%
FOND DU LAC, WI 2 $620,000 $310,000 $7,032 3.19%
LAS CRUCES, NM 3 $615,000 $205,000 $4,129 3.25%
HOMOSASSA SPRINGS, FL 3 $615,000 $205,000 $5,209 3.38%
RICHMOND, VA 2 $600,000 $300,000 $2,507 2.94%
HARRISONBURG, VA 1 $585,000 $585,000 $9,634 2.75%
CHARLESTON-NORTH CHARLESTON, SC 2 $560,000 $280,000 $5,188 3.06%
KANKAKEE, IL 5 $555,000 $111,000 $4,335 2.63%
BATTLE CREEK, MI 3 $545,000 $181,667 $4,620 3.17%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 2 $540,000 $270,000 $3,473 3.13%
HILTON HEAD ISLAND-BLUFFTON, SC 2 $520,000 $260,000 $2,951 3.69%
WILMINGTON, NC 2 $510,000 $255,000 $2,967 3.13%
TALLAHASSEE, FL 3 $505,000 $168,333 $3,450 2.96%
PUNTA GORDA, FL 2 $490,000 $245,000 $4,111 3.25%
HARRISBURG-CARLISLE, PA 2 $480,000 $240,000 $4,080 3.13%
SEBRING-AVON PARK, FL 4 $480,000 $120,000 $4,010 3.13%
JONESBORO, AR 4 $470,000 $117,500 $4,502 3.59%
TERRE HAUTE, IN 2 $470,000 $235,000 $2,588 3.31%
STAUNTON, VA 2 $460,000 $230,000 $3,956 3.50%
COLUMBIA, MO 1 $455,000 $455,000 $3,105 2.88%
NEWARK, NJ-PA 1 $455,000 $455,000 $3,481 3.13%
CASPER, WY 2 $450,000 $225,000 $4,361 3.25%
WICHITA, KS 2 $450,000 $225,000 $5,682 3.06%
MACON-BIBB COUNTY, GA 3 $445,000 $148,333 $4,203 3.96%
YUBA CITY, CA 2 $440,000 $220,000 $9,506 3.00%
KINGSPORT-BRISTOL, TN-VA 4 $440,000 $110,000 $3,720 2.84%
GREENSBORO-HIGH POINT, NC 3 $435,000 $145,000 $4,869 3.75%
DES MOINES-WEST DES MOINES, IA 2 $430,000 $215,000 $3,844 3.69%
OMAHA-COUNCIL BLUFFS, NE-IA 2 $430,000 $215,000 $1,855 3.31%
BILLINGS, MT 2 $420,000 $210,000 $6,346 3.50%
SANTA MARIA-SANTA BARBARA, CA 1 $415,000 $415,000 $3,164 3.13%
GREEN BAY, WI 3 $415,000 $138,333 $3,258 3.63%
BURLINGTON, NC 2 $400,000 $200,000 $4,701 3.56%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 3 $395,000 $131,667 $8,633 2.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 2 $390,000 $195,000 $5,334 3.06%
MADISON, WI 2 $390,000 $195,000 $9,038 3.25%
GULFPORT-BILOXI, MS 4 $390,000 $97,500 $4,748 3.13%
EAST STROUDSBURG, PA 3 $385,000 $128,333 $3,445 2.96%
WICHITA FALLS, TX 2 $380,000 $190,000 $3,868 2.94%
CLARKSVILLE, TN-KY 3 $375,000 $125,000 $4,788 3.38%
AMARILLO, TX 2 $370,000 $185,000 $6,114 2.88%
AKRON, OH 2 $360,000 $180,000 $6,734 3.25%
PENSACOLA-FERRY PASS-BRENT, FL 2 $360,000 $180,000 $3,196 4.00%
CHAMBERSBURG-WAYNESBORO, PA 2 $340,000 $170,000 $5,450 2.94%
LAREDO, TX 1 $335,000 $335,000 $5,115 2.75%
ROCHESTER, MN 2 $320,000 $160,000 $9,184 3.00%
CARSON CITY, NV 1 $315,000 $315,000 $6,772 3.25%
ATHENS-CLARKE COUNTY, GA 1 $315,000 $315,000 $3,609 3.88%
HUNTSVILLE, AL 2 $300,000 $150,000 $5,254 2.88%
TUSCALOOSA, AL 1 $285,000 $285,000 $3,291 3.13%
JOHNSON CITY, TN 3 $285,000 $95,000 $5,873 2.71%
VICTORIA, TX 1 $265,000 $265,000 $6,865 3.75%
SHREVEPORT-BOSSIER CITY, LA 1 $265,000 $265,000 $3,544 3.13%
LAFAYETTE, LA 2 $260,000 $130,000 $6,873 2.25%
LEBANON, PA 1 $255,000 $255,000 $3,783 3.13%
LANCASTER, PA 1 $255,000 $255,000 $4,341 3.00%
JACKSONVILLE, NC 1 $255,000 $255,000 $3,089 2.88%
WAUSAU-WESTON, WI 2 $250,000 $125,000 $5,108 3.38%
SAN ANGELO, TX 1 $245,000 $245,000 $8,386 3.13%
MOBILE, AL 1 $245,000 $245,000 $2,852 3.00%
WINSTON-SALEM, NC 2 $240,000 $120,000 $3,819 3.56%
LIMA, OH 1 $235,000 $235,000 $2,740 2.50%
ST. CLOUD, MN 1 $225,000 $225,000 $6,915 3.13%
GETTYSBURG, PA 1 $225,000 $225,000 $5,423 2.63%
WINCHESTER, VA-WV 2 $220,000 $110,000 $6,860 2.63%
NILES, MI 2 $210,000 $105,000 $2,446 3.19%
CHATTANOOGA, TN-GA 1 $205,000 $205,000 $4,868 3.63%
SPRINGFIELD, OH 1 $205,000 $205,000 $8,081 3.75%
HANFORD-CORCORAN, CA 1 $205,000 $205,000 $5,745 3.88%
ASHEVILLE, NC 1 $195,000 $195,000 $2,114 3.00%
BISMARCK, ND 1 $195,000 $195,000 $5,978 3.63%
BLOOMINGTON, IN 1 $195,000 $195,000 $2,676 3.63%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 2 $190,000 $95,000 $7,388 1.81%
APPLETON, WI 1 $185,000 $185,000 $3,667 3.75%
NEW BERN, NC 1 $185,000 $185,000 $6,024 2.88%
ABILENE, TX 1 $175,000 $175,000 $7,109 2.88%
HUNTINGTON-ASHLAND, WV-KY-OH 1 $175,000 $175,000 $2,438 3.38%
WARNER ROBINS, GA 1 $175,000 $175,000 $3,385 2.75%
ROCKY MOUNT, NC 1 $175,000 $175,000 $5,617 2.75%
COLUMBUS, GA-AL 2 $170,000 $85,000 $3,262 2.81%
REDDING, CA 1 $165,000 $165,000 $4,969 3.38%
BRUNSWICK, GA 1 $165,000 $165,000 $5,108 2.63%
OSHKOSH-NEENAH, WI 1 $155,000 $155,000 $5,998 3.75%
MUSKEGON, MI 1 $155,000 $155,000 $4,644 3.75%
DOTHAN, AL 1 $155,000 $155,000 $2,966 3.00%
PANAMA CITY, FL 1 $155,000 $155,000 $2,686 2.63%
SPARTANBURG, SC 1 $145,000 $145,000 $5,538 3.25%
PEORIA, IL 1 $135,000 $135,000 $3,091 3.38%
KOKOMO, IN 1 $135,000 $135,000 $3,313 3.99%
DULUTH, MN-WI 1 $125,000 $125,000 $3,251 3.38%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 1 $115,000 $115,000 $4,039 2.88%
HOUMA-THIBODAUX, LA 1 $115,000 $115,000 $5,195 2.75%
CANTON-MASSILLON, OH 1 $105,000 $105,000 $2,642 2.88%
JACKSON, TN 1 $105,000 $105,000 $3,473 3.38%
MANSFIELD, OH 1 $105,000 $105,000 $4,312 4.38%
DECATUR, AL 1 $105,000 $105,000 $2,795 2.63%
TOPEKA, KS 1 $105,000 $105,000 $10 3.25%
ST. JOSEPH, MO-KS 2 $100,000 $50,000 $5,243 1.88%
GREENVILLE, NC 1 $95,000 $95,000 $4,924 2.75%
SPRINGFIELD, IL 1 $95,000 $95,000 $3,254 2.88%
FORT SMITH, AR-OK 1 $85,000 $85,000 $3,105 4.99%
Outside of Metro Areas 2 $30,000 $15,000 $0 0.00%

Academy Mortgage Corporation's top markets include Ogden, Phoenix, Portland, Salt Lake City, and Seattle among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 30,736 $8,721,350,000 $283,750
2.5-3% 17,180 $5,089,160,000 $296,226
<2.5% 6,884 $645,240,000 $93,730
4-5% 3,613 $757,975,000 $209,791
5-6% 669 $65,865,000 $98,453
6-7% 80 $3,990,000 $49,875
7-8% 10 $110,000 $11,000

During 2020, Academy Mortgage Corporation's average interest rate was 3.24%, while their most frequently originated rate bucket was 3-4%, with 30,736 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 29,967 $8,562,415,000 $285,728 $6,149 3.27%
$100k-200k 13,004 $2,052,620,000 $157,845 $4,770 3.35%
$400k-600k 7,453 $3,500,025,000 $469,613 $6,984 3.21%
$100,000 or less 7,451 $188,175,000 $25,255 $3,738 1.59%
$600k-1MM 1,184 $832,120,000 $702,804 $9,153 3.24%
$1MM+ 114 $148,350,000 $1,301,316 $16,257 3.17%

2020 saw Academy Mortgage Corporation place emphasis on $200k-400k loans with 29,967 originations, totaling $8,562,415,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 16,630 $3,399,060,000 $204,393 $6,054 2.99%
$100k-150k 11,838 $3,817,150,000 $322,449 $6,050 3.19%
$75k-100k 11,545 $3,009,925,000 $260,712 $6,197 3.09%
$50k or less 9,998 $1,388,620,000 $138,890 $5,277 2.90%
$150k-250k 6,114 $2,382,280,000 $389,643 $6,008 3.24%
$250k+ 2,174 $992,110,000 $456,352 $6,090 3.25%

Academy Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 16,630 originations. The second most popular income band? $100k-150k, with 11,838 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 10,810 $2,939,930,000 $271,964 $5,062 3.09%
30-36% 10,705 $2,801,985,000 $261,745 $5,643 3.08%
<20% 3,284 $853,040,000 $259,756 $4,372 2.99%
44% 3,204 $812,380,000 $253,552 $6,416 3.22%
43% 2,781 $696,095,000 $250,304 $6,211 3.11%
50-60% 2,749 $619,155,000 $225,229 $9,298 3.02%
42% 2,708 $668,240,000 $246,765 $6,317 3.04%
41% 2,473 $621,365,000 $251,260 $6,183 3.01%
39% 2,352 $578,970,000 $246,161 $6,044 2.99%
40% 2,275 $560,135,000 $246,213 $6,242 3.01%
38% 2,270 $578,280,000 $254,749 $6,193 3.03%
37% 2,105 $520,735,000 $247,380 $6,000 3.00%
36% 2,075 $522,405,000 $251,761 $5,926 3.05%
49% 1,892 $513,640,000 $271,480 $6,784 3.18%
45% 1,808 $468,880,000 $259,336 $6,395 3.04%
46% 1,567 $401,485,000 $256,213 $6,676 3.08%
48% 1,547 $399,305,000 $258,116 $6,568 3.13%
47% 1,519 $400,165,000 $263,440 $6,705 3.14%
>60% 176 $33,170,000 $188,466 $8,008 2.45%

Academy Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 10,810 originations. The next most common DTI ratio? 30-36%, with 10,705 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 50,973 $13,116,165,000 $257,316 $5,866 3.09%
Not provided 3,421 $935,965,000 $273,594 $5,884 3.00%
Asian 1,755 $568,705,000 $324,048 $6,514 3.10%
Black 2,401 $505,415,000 $210,502 $7,274 2.73%
American Indian 416 $97,860,000 $235,240 $6,598 2.91%
Native Hawaiian 188 $53,600,000 $285,106 $7,790 3.21%
Asian Indian 7 $2,095,000 $299,286 $3,877 3.21%
Japanese 5 $1,515,000 $303,000 $6,579 3.22%
Vietnamese 2 $850,000 $425,000 $4,967 3.25%
Filipino 2 $580,000 $290,000 $4,076 3.31%
Korean 1 $435,000 $435,000 $10,143 3.75%
Other Asian 1 $285,000 $285,000 $10,258 3.75%
Native Hawiian 1 $235,000 $235,000 $5,759 3.38%

Approval Rates

Total approvals of all applications
92.90%

Academy Mortgage Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
79.70%

Academy Mortgage Corporation has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 59,173 $15,283,705,000 $258,288

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 1,301 $192,795,000 $148,190
Single Family (1-4 Units):Site-Built 57,872 $15,090,910,000 $260,764

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,685 $326,795,000 $193,944 $3,807 3.01%
40-60% 6,485 $1,664,995,000 $256,746 $4,205 3.06%
60-80% 17,417 $5,315,355,000 $305,182 $5,062 3.29%
80-100% 26,874 $7,572,940,000 $281,794 $6,805 3.37%
Over 100% 926 $335,900,000 $362,743 $13,257 3.07%
Under 20% 5,786 $67,720,000 $11,704 $3,369 1.02%