American Federal Mortgage Corporation
We analyzed every closed loan from American Federal Mortgage Corporation — 926 loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional
Place
Sound
3/5
Multi-Region · 18 mkts
Awards
Conventional
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Offers rates 21.10 basis points below market average
- Lower than average lender fees
Explore another lender or local market
Report Card
American Federal Mortgage Corporation performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 21.1 bps below market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 19 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 896 | 96.8% | -0.224%Below | $133Credit | ||||
FHA Loans | — | 22 | 2.4% | +0.292%Above | $393Credit |
Conventional
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughAcceptable
Volume896
Mix96.8%
Spread
-0.224%Below
Fees
$133Credit
FHA Loans
OverallSound
ProductSound
Pricing—
Pull ThroughSound
Volume22
Mix2.4%
Spread
+0.292%Above
Fees
$393Credit
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 771 | 83.3% | -0.216%Below | $14Credit | ||||
Refinance | 155 | 16.7% | -0.190%Below | $729Credit |
Purchase
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughAcceptable
Volume771
Mix83.3%
Spread
-0.216%Below
Fees
$14Credit
Refinance
OverallStrong
ProductSound
PricingExceptional
Pull ThroughAcceptable
Volume155
Mix16.7%
Spread
-0.190%Below
Fees
$729Credit
At a Glance
Lender Overview
Lending Activity
Loans Originated
926
Applications
1,663
Volume
$402 million
Pricing & Closing
Avg Rate Spread
-0.211%
vs. market APOR
Avg Net Fees
$-135
Origination − Credits
Pullthrough Rate
55.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$434,320
Avg Borrower Income
$205,462
Avg Property Value
$631,577
Geographic Coverage
Geographic Performance
Metro Areas
18
markets with activity
States Served
14
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
14Northeast5
CTMANJNYPA
Midwest1
IL
South8
DEFLGAMDNCSCTNTX
Top Metro Areas by Place Specialization Score
Volume 204Mix 22.03% of portfolio
81/100
Exceptional
Volume 117Mix 12.63% of portfolio
75/100
Strong
Volume 37Mix 4.00% of portfolio
68/100
Strong
Volume 118Mix 12.74% of portfolio
68/100
Strong
Volume 40Mix 4.32% of portfolio
60/100
Sound
Volume 32Mix 3.46% of portfolio
56/100
Sound
Volume 18Mix 1.94% of portfolio
50/100
Sound
Volume 15Mix 1.62% of portfolio
48/100
Sound
Volume 20Mix 2.16% of portfolio
47/100
Sound
Volume 17Mix 1.84% of portfolio
45/100
SoundShowing 10 of 18 metro areas
Top States by Place Specialization Score
1
New JerseyState
Volume 521Mix 56.26% of portfolio
86/100
Exceptional2
PennsylvaniaState
Volume 104Mix 11.23% of portfolio
63/100
Strong3
FloridaState
Volume 89Mix 9.61% of portfolio
56/100
Sound4
North CarolinaState
Volume 46Mix 4.97% of portfolio
51/100
Sound5
TexasState
Volume 40Mix 4.32% of portfolio
47/100
Sound6
GeorgiaState
Volume 26Mix 2.81% of portfolio
46/100
Sound7
New YorkState
Volume 21Mix 2.27% of portfolio
45/100
Sound8
ConnecticutState
Volume 15Mix 1.62% of portfolio
43/100
Sound9
South CarolinaState
Volume 16Mix 1.73% of portfolio
43/100
Sound10
IllinoisState
Volume 17Mix 1.84% of portfolio
42/100
SoundShowing 10 of 11 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.