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 Refi and 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Houston, College Station, Austin, Waco, and New York among others. We have data for 36 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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,512Origination Dollar Volume (All Markets)
$397,850,000Awards
AMERICA'S CHOICE HOME LOANS LP - 2020
AMERICA'S CHOICE HOME LOANS LP is a 2020 , due to their low .
For 2020, 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) | 798 | $211,600,000 | $265,163 | $5,517 | 3.08% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 297 | $76,385,000 | $257,189 | $5,796 | 3.05% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 76 | $21,680,000 | $285,263 | $3,988 | 2.99% |
| WACO, TX (FHA|USDA|VA) | 46 | $13,670,000 | $297,174 | $3,901 | 2.85% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 52 | $12,630,000 | $242,885 | $5,945 | 3.17% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 38 | $11,710,000 | $308,158 | $4,914 | 2.97% |
| Outside of Metro Areas | 43 | $9,805,000 | $228,023 | $4,487 | 3.04% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 25 | $7,905,000 | $316,200 | $6,506 | 3.01% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 25 | $6,455,000 | $258,200 | $5,526 | 3.12% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 23 | $5,745,000 | $249,783 | $3,377 | 2.78% |
| Athens, TX (FHA|USDA|VA) | 16 | $4,100,000 | $256,250 | $4,565 | 3.07% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 12 | $3,100,000 | $258,333 | $4,396 | 3.55% |
| Eagle Pass, TX (FHA|USDA|VA) | 15 | $2,685,000 | $179,000 | $7,008 | 3.67% |
| GAINESVILLE, GA (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $11,119 | 4.78% |
| MIDLAND, TX (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $5,008 | 2.81% |
| Corsicana, TX (FHA|USDA|VA) | 7 | $965,000 | $137,857 | $2,502 | 2.93% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,894 | 3.33% |
| TYLER, TX (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $3,598 | 2.88% |
| Brenham, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $9,334 | 3.25% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,156 | 2.63% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $6,335 | 2.75% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $12,164 | 3.50% |
| Mount Pleasant, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,558 | 2.88% |
| Brownwood, TX (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $4,496 | 2.92% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,125 | 3.63% |
| El Campo, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,505 | 2.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,461 | 4.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,007 | 2.88% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,821 | 2.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,509 | 3.13% |
| Palestine, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,252 | 2.25% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,525 | 4.13% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,896 | 3.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,963 | 3.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,656 | 2.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,012 | 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 2020, America's Choice Home Loans Lp's most frequently originated type of loan was Conventional, with 1,187 originations. Their 2nd most popular type was FHA, with 234 originations.
Loan Reason
For 2020, America's Choice Home Loans Lp's most frequently cited loan purpose was Refi, with 725 originations. The 2nd most popular reason was Home Purchase, with 701 originations.
Loan Duration/Length
For 2020, America's Choice Home Loans Lp's most frequently cited loan duration was 30 Year, with 1,169 originations. The 2nd most popular length was 15 Year, with 253 originations.
Origination Fees/Closing Costs
America's Choice Home Loans Lp's average total fees were $5,745, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 972 originations.
Interest Rates
During 2020, America's Choice Home Loans Lp's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 621 originations.
Loan Sizing
2020 saw America's Choice Home Loans Lp place emphasis on $200k-400k loans with 831 originations, totaling $229,765,000 in origination value.
Applicant Income
America's Choice Home Loans Lp lent most frequently to those with incomes in the $100k-150k range, with 385 originations. The second most popular income band? $150k-250k, with 305 originations.
Applicant Debt to Income Ratio
America's Choice Home Loans Lp lent most frequently to those with DTI ratios of 20-30%, with 367 originations. The next most common DTI ratio? 30-36%, with 253 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.84%
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 origination65.48%
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 | 1,512 | $397,850,000 | $263,128 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $385,000 | $385,000 |
| Single Family (1-4 Units):Site-Built | 1,511 | $397,465,000 | $263,048 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN HOME MORTGAGE, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 100.0% |