America's Choice Home Loans Lp Mortgage Rates, Fees & Info

HOUSTON, TX

LEI: 549300XUYE2687NHBM11

Tax ID: 76-0573460

1.9 stars - out of 5 stars, based on 23 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Mortgage Calculator
  • 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

    America's Choice Home Loans Lp is a smaller mortgage company specializing in loans. America's Choice Home Loans Lp 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 by origination volume include: Houston, College Station, Austin, New York, and San Antonio among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    America's Choice Home Loans Lp 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. America's Choice Home Loans Lp 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.

    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
    30 Year Conventional Purchase 6.88% 4/1/23
    30 Year Conventional Refi 6.75% 4/1/23
    30 Year Cash-out Refi 7.03% 4/1/23
    30 Year FHA Purchase 7.61% 4/1/23
    30 Year FHA Refi 7.60% 4/1/23
    30 Year VA Purchase 6.58% 4/1/23
    30 Year USDA Purchase 7.01% 4/1/23
    15 Year Conventional Purchase 6.28% 4/1/23
    15 Year Conventional Refi 6.19% 4/1/23
    15 Year Cash-out Refi 6.19% 4/1/23
    15 Year VA Refi 5.81% 4/1/23
    15 Year USDA Purchase 5.68% 4/1/23
    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.

    America's Choice Home Loans Lp Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from America's Choice Home Loans Lp. 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

    530

    Origination Dollar Volume (All Markets)

    $158,380,000
    Show all (5) awards

    Relative Rate

    America's Choice Home Loans Lp's average 30 year fixed mortgage rate was 5.07%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.31%.

    Relative Fees (Closing Costs)

    America's Choice Home Loans Lp's average total fees/closing costs for a 30 year fixed rate mortgage were $8,668.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 260 $81,170,000 $312,192 $8,867 4.98%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 155 $45,815,000 $295,581 $8,751 4.97%
    Outside of Metro Areas 25 $6,295,000 $251,800 $6,989 4.74%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 18 $6,160,000 $342,222 $7,796 4.70%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 13 $4,045,000 $311,154 $6,976 5.46%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 11 $3,585,000 $325,909 $8,476 5.35%
    WACO, TX (FHA|USDA|VA) 9 $1,985,000 $220,556 $3,873 3.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 8 $1,770,000 $221,250 $5,797 5.14%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $1,100,000 $275,000 $5,102 5.19%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $865,000 $288,333 $9,606 6.75%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $835,000 $278,333 $8,073 3.58%
    Eagle Pass, TX (FHA|USDA|VA) 3 $655,000 $218,333 $9,252 3.88%
    ABILENE, TX (FHA|USDA|VA) 2 $640,000 $320,000 $8,050 6.00%
    Brenham, TX (FHA|USDA|VA) 2 $580,000 $290,000 $6,856 5.63%
    Huntsville, TX (FHA|USDA|VA) 2 $580,000 $290,000 $12,992 5.44%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $410,000 $205,000 $7,534 6.19%
    Athens, TX (FHA|USDA|VA) 2 $410,000 $205,000 $7,474 5.25%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $320,000 $160,000 $6,747 4.69%
    Brownwood, TX (FHA|USDA|VA) 1 $305,000 $305,000 $5,408 5.88%
    Corsicana, TX (FHA|USDA|VA) 1 $305,000 $305,000 $10,625 6.13%
    Bay City, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,659 5.50%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,597 5.25%
    LUBBOCK, TX (FHA|USDA|VA) 1 $135,000 $135,000 $6,623 6.75%
    Alice, TX (FHA|USDA|VA) 1 $95,000 $95,000 $5,326 4.38%
    America's Choice Home Loans Lp's top markets include Houston, College Station, Austin, New York, and San Antonio among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

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

    First Central Credit Union
    Similarity Rank: 255
    N C P D Federal Credit Union
    Similarity Rank: 306
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 326
    Schuyler Savings Bank
    Similarity Rank: 352
    The First National Bank of Long Island
    Similarity Rank: 374
    Lone Star National Bank
    Similarity Rank: 528
    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 546
    The Atlantic Federal Credit Union
    Similarity Rank: 588
    Generations Community Federal Credit Union
    Similarity Rank: 704
    American Momentum Bank
    Similarity Rank: 759

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 380 $116,220,000 $305,842 $7,351 4.93%
    FHA 120 $31,360,000 $261,333 $11,706 5.12%
    VA 29 $10,515,000 $362,586 $9,173 5.03%
    USDA 1 $285,000 $285,000 $7,637 5.38%

    For 2022, America's Choice Home Loans Lp's most frequently originated type of loan was Conventional, with 380 originations. Their 2nd most popular type was FHA, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 443 $132,155,000 $298,318 $8,833 5.12%
    Refi 82 $24,690,000 $301,098 $6,375 4.19%
    Cash Out Refi 5 $1,535,000 $307,000 $8,983 4.80%

    For 2022, America's Choice Home Loans Lp's most frequently cited loan purpose was Home Purchase, with 443 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 497 $149,275,000 $300,352 $8,668 5.07%
    15 Year 30 $8,280,000 $276,000 $5,172 3.62%
    10 Year 2 $390,000 $195,000 $5,191 4.25%
    20 Year 1 $435,000 $435,000 $5,776 3.00%

    For 2022, America's Choice Home Loans Lp's most frequently cited loan duration was 30 Year, with 497 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 156 $55,900,000 $358,333
    $1k-2k 127 $36,955,000 $290,984
    $2k-3k 87 $22,935,000 $263,621
    $3k-4k 75 $20,325,000 $271,000
    $4k-5k 61 $17,435,000 $285,820
    $<1k 19 $3,825,000 $201,316

    America's Choice Home Loans Lp's average total fees were $8,668, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 156 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 202 $60,660,000 $300,297
    4-5% 114 $33,380,000 $292,807
    3-4% 111 $33,375,000 $300,676
    6-7% 71 $20,135,000 $283,592
    2.5-3% 17 $4,615,000 $271,471
    7-8% 10 $3,460,000 $346,000
    <2.5% 5 $2,755,000 $551,000

    During 2022, America's Choice Home Loans Lp's average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 5-6%, with 202 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 321 $92,115,000 $286,963 $8,922 5.05%
    $100k-200k 110 $17,550,000 $159,545 $5,628 4.92%
    $400k-600k 74 $35,430,000 $478,784 $9,850 4.84%
    $600k-1MM 20 $12,830,000 $641,500 $11,878 4.59%
    $100,000 or less 5 $455,000 $91,000 $4,304 5.08%

    2022 saw America's Choice Home Loans Lp place emphasis on $200k-400k loans with 321 originations, totaling $92,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 142 $45,230,000 $318,521 $8,134 5.08%
    $75k-100k 112 $31,540,000 $281,607 $9,137 5.06%
    $150k-250k 110 $38,790,000 $352,636 $8,652 4.84%
    $50k-75k 94 $21,420,000 $227,872 $8,258 5.01%
    $250k+ 37 $15,385,000 $415,811 $8,795 4.93%
    $50k or less 35 $6,015,000 $171,857 $7,081 4.68%

    America's Choice Home Loans Lp lent most frequently to those with incomes in the $100k-150k range, with 142 originations. The second most popular income band? $75k-100k, with 112 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 85 $23,835,000 $280,412 $7,201 4.95%
    20-30% 70 $19,450,000 $277,857 $6,628 4.68%
    50-60% 50 $14,110,000 $282,200 $11,633 5.37%
    49% 34 $12,590,000 $370,294 $10,006 5.32%
    44% 29 $7,395,000 $255,000 $8,111 4.97%
    46% 27 $7,775,000 $287,963 $9,138 5.07%
    45% 27 $7,885,000 $292,037 $9,156 4.81%
    41% 24 $8,180,000 $340,833 $7,863 4.90%
    <20% 24 $5,990,000 $249,583 $6,262 4.71%
    42% 21 $7,155,000 $340,714 $9,653 5.14%
    48% 20 $5,850,000 $292,500 $9,447 5.19%
    40% 19 $5,475,000 $288,158 $8,481 5.04%
    43% 19 $6,255,000 $329,211 $9,494 5.08%
    47% 17 $6,155,000 $362,059 $8,858 4.83%
    38% 17 $5,555,000 $326,765 $8,493 5.15%
    37% 17 $5,335,000 $313,824 $9,304 4.61%
    36% 14 $4,400,000 $314,286 $7,500 5.09%
    39% 13 $4,105,000 $315,769 $7,548 4.61%
    >60% 1 $345,000 $345,000 $10,591 5.63%

    America's Choice Home Loans Lp lent most frequently to those with DTI ratios of 30-36%, with 85 originations. The next most common DTI ratio? 20-30%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 460 $136,930,000 $297,674 $8,290 4.99%
    Black 41 $12,175,000 $296,951 $10,550 5.03%
    Asian 19 $6,475,000 $340,789 $7,623 4.71%
    American Indian 5 $1,335,000 $267,000 $7,215 4.43%
    Not provided 3 $895,000 $298,333 $12,098 4.58%
    Native Hawaiian or Islander 1 $295,000 $295,000 $7,500 6.13%
    Asian Indian 1 $275,000 $275,000 $11,107 5.63%

    Approval Rates

    Total approvals of all applications
    98.02%

    America's Choice Home Loans Lp 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
    50.75%

    America's Choice Home Loans Lp 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 530 $158,380,000 $298,830

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    530 $158,380,000 $298,830

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $3,705,000 $247,000 $5,432 4.44%
    40-60% 40 $11,540,000 $288,500 $6,412 4.38%
    60-80% 164 $48,770,000 $297,378 $7,427 4.91%
    80-100% 305 $92,695,000 $303,918 $9,444 5.12%
    Over 100% 3 $825,000 $275,000 $10,547 4.88%
    Under 20% 3 $845,000 $281,667 $3,954 4.96%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    AMERICAN ADVISORS GROUP FHA mortgage Closing on a mortgage 1 50.0%
    AMERICAN ADVISORS GROUP Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%