America's Choice Home Loans Lp Mortgage Rates, Fees & Info
HOUSTON, TXLEI: 549300XUYE2687NHBM11
Tax ID: 76-0573460
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.88% | 4/14/24 |
| 30 Year Conventional Refi | 6.75% | 4/14/24 |
| 30 Year Cash-out Refi | 7.03% | 4/14/24 |
| 30 Year FHA Purchase | 7.61% | 4/14/24 |
| 30 Year FHA Refi | 7.60% | 4/14/24 |
| 30 Year VA Purchase | 6.58% | 4/14/24 |
| 30 Year USDA Purchase | 7.01% | 4/14/24 |
| 15 Year Conventional Purchase | 6.28% | 4/14/24 |
| 15 Year Conventional Refi | 6.19% | 4/14/24 |
| 15 Year Cash-out Refi | 6.19% | 4/14/24 |
| 15 Year VA Refi | 5.81% | 4/14/24 |
| 15 Year USDA Purchase | 5.68% | 4/14/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
770Origination Dollar Volume (All Markets)
$184,830,000Awards
AMERICA'S CHOICE HOME LOANS LP - 2019
AMERICA'S CHOICE HOME LOANS LP is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications97.81%
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 origination72.60%
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
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% |