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AMERICAN FEDERAL MORTGAGE CORPORATION
Independent Mortgage Company|CHESTER, NJ|Multi-Region
Loans Originated
926
Applications
1,663
Volume
$402 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
-0.211%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
-$135
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
55.7%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 21.10 basis points below market average
- Lower than average lender fees
Report Card
AMERICAN FEDERAL MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 19 metro areas · 14 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$434,320
Average Borrower Income
$205,462
Average Property Value
$631,577
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Exceptional | Acceptable | 896 | 96.8% | -0.224% | -$133 |
FHA Loans | Sound | Sound | N/A | Sound | 22 | 2.4% | +0.292% | -$393 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Exceptional | Acceptable | 771 | 83.3% | -0.216% | -$14 |
Refinance | Sound | Sound | Exceptional | Acceptable | 155 | 16.7% | -0.190% | -$729 |
Geographic Coverage
Metro Areas
18
States Served
14
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
CTDEFLGAILMAMDNCNJNYPASCTNTX
Top Metro Areas by Place Specialization Score
1
Lakewood, NJMSA
Volume: 204Mix: 22.03%
Place Specialization
Exceptional
2
Newark, NJ, NJMSA
Volume: 117Mix: 12.63%
Place Specialization
Strong
3
Trenton, NJMSA
Volume: 37Mix: 4.00%
Place Specialization
Strong
4
New York, NY-NJMSA
Volume: 118Mix: 12.74%
Place Specialization
Strong
5
Montgomery County, PAMSA
Volume: 40Mix: 4.32%
Place Specialization
Sound
6
Camden, NJ, NJMSA
Volume: 32Mix: 3.46%
Place Specialization
Sound
7
Allentown, PA-NJMSA
Volume: 18Mix: 1.94%
Place Specialization
Sound
8
Harrisburg, PAMSA
Volume: 15Mix: 1.62%
Place Specialization
Sound
9
Charlotte, NC-SCMSA
Volume: 20Mix: 2.16%
Place Specialization
Sound
10
Tampa, FL, FLMSA
Volume: 17Mix: 1.84%
Place Specialization
Sound
Showing 10 of 18 metro areas
Top States by Place Specialization Score
1
NJState
Volume: 521Mix: 56.26%
Place Specialization
Exceptional
2
PAState
Volume: 104Mix: 11.23%
Place Specialization
Strong
3
FLState
Volume: 89Mix: 9.61%
Place Specialization
Sound
4
NCState
Volume: 46Mix: 4.97%
Place Specialization
Sound
5
TXState
Volume: 40Mix: 4.32%
Place Specialization
Sound
6
GAState
Volume: 26Mix: 2.81%
Place Specialization
Sound
7
NYState
Volume: 21Mix: 2.27%
Place Specialization
Sound
8
CTState
Volume: 15Mix: 1.62%
Place Specialization
Sound
9
SCState
Volume: 16Mix: 1.73%
Place Specialization
Sound
10
ILState
Volume: 17Mix: 1.84%
Place Specialization
Sound
Showing 10 of 11 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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