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 |

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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.

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% 3/27/24
30 Year Conventional Refi 6.75% 3/27/24
30 Year Cash-out Refi 7.03% 3/27/24
30 Year FHA Purchase 7.61% 3/27/24
30 Year FHA Refi 7.60% 3/27/24
30 Year VA Purchase 6.58% 3/27/24
30 Year USDA Purchase 7.01% 3/27/24
15 Year Conventional Purchase 6.28% 3/27/24
15 Year Conventional Refi 6.19% 3/27/24
15 Year Cash-out Refi 6.19% 3/27/24
15 Year VA Refi 5.81% 3/27/24
15 Year USDA Purchase 5.68% 3/27/24
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

1,512

Origination Dollar Volume (All Markets)

$397,850,000
Show all (7) 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) 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%
America's Choice Home Loans Lp's top markets include Houston, College Station, Austin, Waco, and New York 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.

    North Jersey Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,187 $320,935,000 $270,375 $4,669 3.05%
    FHA 234 $50,570,000 $216,111 $8,513 3.24%
    VA 77 $23,415,000 $304,091 $7,006 2.91%
    USDA 12 $2,460,000 $205,000 $6,714 3.13%
    HELOC 1 $305,000 $305,000 n/a 2.50%
    FHA 1 $165,000 $165,000 $0 5.00%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 725 $198,685,000 $274,048 $4,290 2.91%
    Home Purchase 701 $174,155,000 $248,438 $6,535 3.21%
    Cash Out Refi 85 $24,765,000 $291,353 $5,531 3.26%
    Home Improvement 1 $245,000 $245,000 $3,152 3.00%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,169 $310,835,000 $265,898 $5,745 3.17%
    15 Year 253 $63,475,000 $250,889 $4,222 2.64%
    20 Year 47 $12,335,000 $262,447 $4,225 2.97%
    Other 27 $8,075,000 $299,074 $4,578 3.19%
    10 Year 16 $3,130,000 $195,625 $3,662 2.59%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 972 $252,430,000 $259,702
    $2k-3k 259 $66,855,000 $258,127
    $<1k 123 $30,125,000 $244,919
    $3k-4k 83 $23,485,000 $282,952
    $5k+ 41 $13,835,000 $337,439
    $4k-5k 32 $10,650,000 $332,813

    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

    Loan Rate Originations Total Value Average Loan
    2.5-3% 621 $166,045,000 $267,383
    3-4% 554 $142,340,000 $256,931
    <2.5% 256 $71,750,000 $280,273
    4-5% 68 $14,070,000 $206,912
    5-6% 6 $1,730,000 $288,333
    6-7% 3 $625,000 $208,333
    7-8% 3 $1,045,000 $348,333
    Over 8% 1 $245,000 $245,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 831 $229,765,000 $276,492 $5,581 3.00%
    $100k-200k 463 $74,395,000 $160,680 $4,739 3.21%
    $400k-600k 187 $87,995,000 $470,561 $6,249 2.98%
    $100,000 or less 27 $2,275,000 $84,259 $3,359 3.16%
    $600k-1MM 3 $2,215,000 $738,333 $20,850 4.33%
    $1MM+ 1 $1,205,000 $1,205,000 $10,075 3.88%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 385 $105,365,000 $273,675 $5,108 3.03%
    $150k-250k 305 $96,585,000 $316,672 $4,942 2.99%
    $50k-75k 286 $56,670,000 $198,147 $5,754 3.16%
    $75k-100k 226 $51,690,000 $228,717 $5,883 3.12%
    $250k+ 178 $62,760,000 $352,584 $5,232 3.06%
    $50k or less 131 $24,515,000 $187,137 $5,963 3.12%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 367 $101,645,000 $276,962 $4,660 2.97%
    30-36% 253 $68,435,000 $270,494 $5,199 3.05%
    <20% 136 $36,970,000 $271,838 $4,257 2.85%
    50-60% 87 $19,735,000 $226,839 $8,091 3.26%
    44% 70 $19,450,000 $277,857 $5,721 3.28%
    42% 59 $13,525,000 $229,237 $5,469 3.18%
    36% 56 $14,790,000 $264,107 $5,268 3.25%
    43% 52 $12,390,000 $238,269 $6,090 3.20%
    41% 52 $12,520,000 $240,769 $5,300 3.00%
    40% 47 $11,335,000 $241,170 $5,878 3.27%
    39% 45 $11,995,000 $266,556 $5,570 3.14%
    49% 44 $11,090,000 $252,045 $6,021 3.06%
    45% 42 $11,270,000 $268,333 $6,187 3.22%
    38% 42 $10,940,000 $260,476 $5,523 3.09%
    37% 42 $10,190,000 $242,619 $5,586 3.10%
    46% 39 $10,545,000 $270,385 $7,440 3.20%
    47% 32 $7,610,000 $237,813 $6,024 3.19%
    48% 30 $8,220,000 $274,000 $5,204 3.08%
    >60% 3 $875,000 $291,667 $6,024 2.83%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,241 $330,735,000 $266,507 $5,321 3.08%
    Not provided 123 $29,355,000 $238,659 $5,720 3.00%
    Black 85 $20,965,000 $246,647 $6,642 3.24%
    Asian 58 $15,770,000 $271,897 $4,645 2.88%
    American Indian 2 $460,000 $230,000 $3,774 2.44%
    Native Hawaiian or Islander 2 $390,000 $195,000 $6,069 3.06%
    Vietnamese 1 $175,000 $175,000 $4,075 2.38%

    Approval Rates

    Total approvals of all applications
    97.84%

    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 origination
    65.48%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $11,585,000 $218,585 $3,878 2.83%
    40-60% 198 $50,630,000 $255,707 $4,077 2.80%
    60-80% 598 $166,340,000 $278,161 $4,641 3.10%
    80-100% 647 $164,685,000 $254,536 $6,451 3.15%
    Over 100% 14 $4,380,000 $312,857 $14,227 3.03%
    Under 20% 1 $85,000 $85,000 $0 3.50%

    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%