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

HOUSTON, TX

LEI: 549300XUYE2687NHBM11

Tax ID: 76-0573460

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Home Purchase 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 Eagle Pass 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 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
    30 Year Conventional Purchase 6.88% 11/21/24
    30 Year Conventional Refi 6.75% 11/21/24
    30 Year Cash-out Refi 7.03% 11/21/24
    30 Year FHA Purchase 7.61% 11/21/24
    30 Year FHA Refi 7.60% 11/21/24
    30 Year VA Purchase 6.58% 11/21/24
    30 Year USDA Purchase 7.01% 11/21/24
    15 Year Conventional Purchase 6.28% 11/21/24
    15 Year Conventional Refi 6.19% 11/21/24
    15 Year Cash-out Refi 6.19% 11/21/24
    15 Year VA Refi 5.81% 11/21/24
    15 Year USDA Purchase 5.68% 11/21/24
    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.

    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

    770

    Origination Dollar Volume (All Markets)

    $184,830,000

    Awards

    AMERICA'S CHOICE HOME LOANS LP FHA Loans silver AMERICA'S CHOICE HOME LOANS LP FHA Loans gold
    Show all (2) awards

    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) 405 $97,495,000 $240,728 $6,861 4.45%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 154 $38,360,000 $249,091 $6,649 4.30%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 51 $13,775,000 $270,098 $5,050 4.22%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 37 $8,115,000 $219,324 $6,327 4.52%
    Eagle Pass, TX (FHA|USDA|VA) 34 $5,370,000 $157,941 $6,361 4.60%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 17 $4,285,000 $252,059 $7,118 5.03%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 13 $4,145,000 $318,846 $5,764 4.55%
    Outside of Metro Areas 14 $3,950,000 $282,143 $5,674 4.38%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $2,335,000 $259,444 $8,839 4.44%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 11 $2,165,000 $196,818 $4,437 4.39%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $920,000 $230,000 $7,267 4.41%
    El Campo, TX (FHA|USDA|VA) 5 $875,000 $175,000 $8,311 4.83%
    Corsicana, TX (FHA|USDA|VA) 1 $485,000 $485,000 $9,190 3.50%
    Brenham, TX (FHA|USDA|VA) 2 $470,000 $235,000 $5,666 4.19%
    MIDLAND, TX (FHA|USDA|VA) 1 $365,000 $365,000 $9,462 4.38%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,188 3.50%
    WACO, TX (FHA|USDA|VA) 2 $300,000 $150,000 $3,116 4.94%
    Andrews, TX (FHA|USDA|VA) 3 $265,000 $88,333 $5,069 5.08%
    AMARILLO, TX (FHA|USDA|VA) 1 $255,000 $255,000 $8,384 3.88%
    Del Rio, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,883 4.50%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $135,000 $135,000 $4,961 4.63%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,971 5.13%
    Bay City, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,402 5.00%
    ODESSA, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,352 4.50%
    America's Choice Home Loans Lp's top markets include Houston, College Station, Austin, New York, and Eagle Pass among others.

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

    N C P D Federal Credit Union
    Similarity Rank: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    Union County Savings Bank
    Similarity Rank: 150
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Blue Foundry Bank
    Similarity Rank: 212
    Bogota Savings Bank
    Similarity Rank: 246
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 266
    FUNDING RESOURCES MORTGAGE CORPORATION
    Similarity Rank: 292
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 360
    Atlantic Stewardship Bank
    Similarity Rank: 372

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 460 $120,040,000 $260,957 $5,520 4.40%
    FHA 258 $50,850,000 $197,093 $8,357 4.56%
    VA 46 $12,640,000 $274,783 $7,288 4.07%
    USDA 5 $1,085,000 $217,000 $6,700 3.83%
    VA 1 $215,000 $215,000 $0 3.63%

    For 2019, America's Choice Home Loans Lp's most frequently originated type of loan was Conventional, with 460 originations. Their 2nd most popular type was FHA, with 258 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 649 $149,115,000 $229,761 $6,835 4.50%
    Refi 103 $30,905,000 $300,049 $5,149 3.96%
    Cash Out Refi 17 $4,655,000 $273,824 $5,604 4.66%
    Home Improvement 1 $155,000 $155,000 $7,501 3.63%

    For 2019, America's Choice Home Loans Lp's most frequently cited loan purpose was Home Purchase, with 649 originations. The 2nd most popular reason was Refi, with 103 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 717 $170,265,000 $237,469 $6,700 4.48%
    15 Year 42 $10,940,000 $260,476 $5,081 3.70%
    20 Year 4 $1,440,000 $360,000 $5,234 3.66%
    Other 4 $1,500,000 $375,000 $4,782 3.72%
    10 Year 3 $685,000 $228,333 $4,867 3.63%

    For 2019, America's Choice Home Loans Lp's most frequently cited loan duration was 30 Year, with 717 originations. The 2nd most popular length was 15 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 403 $98,755,000 $245,050
    $2k-3k 180 $37,600,000 $208,889
    $3k-4k 88 $20,780,000 $236,136
    $5k+ 38 $12,850,000 $338,158
    $<1k 35 $7,565,000 $216,143
    $4k-5k 25 $7,065,000 $282,600

    America's Choice Home Loans Lp's average total fees were $6,700, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 403 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 385 $89,615,000 $232,766
    3-4% 242 $66,740,000 $275,785
    5-6% 138 $27,300,000 $197,826
    2.5-3% 3 $895,000 $298,333
    6-7% 1 $125,000 $125,000
    7-8% 1 $155,000 $155,000

    During 2019, America's Choice Home Loans Lp's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 385 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 373 $101,205,000 $271,327 $7,147 4.31%
    $100k-200k 311 $48,955,000 $157,412 $5,889 4.61%
    $400k-600k 61 $28,265,000 $463,361 $7,236 4.15%
    $100,000 or less 20 $1,580,000 $79,000 $4,442 4.83%
    $1MM+ 3 $3,465,000 $1,155,000 $10,113 4.21%
    $600k-1MM 2 $1,360,000 $680,000 $7,464 4.44%

    2019 saw America's Choice Home Loans Lp place emphasis on $200k-400k loans with 373 originations, totaling $101,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 203 $38,965,000 $191,946 $6,619 4.51%
    $100k-150k 155 $40,135,000 $258,935 $6,595 4.37%
    $75k-100k 145 $34,115,000 $235,276 $7,127 4.45%
    $50k or less 115 $17,605,000 $153,087 $5,926 4.48%
    $150k-250k 105 $34,725,000 $330,714 $6,427 4.37%
    $250k+ 46 $18,980,000 $412,609 $6,762 4.28%

    America's Choice Home Loans Lp lent most frequently to those with incomes in the $50k-75k range, with 203 originations. The second most popular income band? $100k-150k, with 155 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 115 $29,725,000 $258,478 $6,086 4.34%
    20-30% 111 $29,075,000 $261,937 $6,125 4.30%
    50-60% 109 $22,805,000 $209,220 $8,437 4.52%
    42% 44 $11,970,000 $272,045 $6,232 4.59%
    44% 39 $8,855,000 $227,051 $5,490 4.44%
    <20% 34 $8,700,000 $255,882 $5,352 4.40%
    49% 34 $8,090,000 $237,941 $7,722 4.69%
    36% 32 $7,120,000 $222,500 $6,027 4.58%
    39% 29 $5,995,000 $206,724 $5,986 4.54%
    43% 28 $5,930,000 $211,786 $6,200 4.50%
    45% 26 $6,760,000 $260,000 $6,959 4.55%
    48% 25 $5,385,000 $215,400 $7,453 4.53%
    47% 25 $6,275,000 $251,000 $7,105 4.38%
    46% 22 $4,920,000 $223,636 $7,132 4.45%
    41% 22 $5,250,000 $238,636 $5,533 4.22%
    40% 21 $5,115,000 $243,571 $6,217 4.56%
    38% 21 $4,885,000 $232,619 $6,902 4.27%
    37% 16 $3,910,000 $244,375 $6,142 4.27%
    >60% 10 $2,220,000 $222,000 $7,342 4.41%

    America's Choice Home Loans Lp lent most frequently to those with DTI ratios of 30-36%, with 115 originations. The next most common DTI ratio? 20-30%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 670 $161,830,000 $241,537 $6,490 4.40%
    Black 38 $8,540,000 $224,737 $8,234 4.64%
    Asian 26 $7,370,000 $283,462 $6,312 4.47%
    Not provided 31 $6,345,000 $204,677 $6,916 4.75%
    American Indian 3 $405,000 $135,000 $6,726 4.38%
    Other Pacific Islander 1 $175,000 $175,000 $8,193 3.75%
    Not applicable 1 $165,000 $165,000 $4,126 4.50%

    Approval Rates

    Total approvals of all applications
    97.81%

    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
    72.60%

    America's Choice Home Loans Lp has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 770 $184,830,000 $240,039

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 769 $184,705,000 $240,189

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $2,920,000 $208,571 $4,747 4.20%
    40-60% 35 $9,115,000 $260,429 $5,126 3.98%
    60-80% 177 $49,465,000 $279,463 $5,509 4.47%
    80-100% 539 $122,315,000 $226,929 $7,099 4.46%
    Over 100% 2 $590,000 $295,000 $4,250 3.69%
    Under 20% 2 $120,000 $60,000 $5,252 4.69%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    American Heritage Capital, LP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%