What loan types does AMERICAN FEDERAL MORTGAGE CORPORATION offer?

AMERICAN FEDERAL MORTGAGE CORPORATION offers the following mortgage loan types: FHA, Conventional. Each product has its own pricing score and performance metrics.

Where does AMERICAN FEDERAL MORTGAGE CORPORATION offer mortgages?

AMERICAN FEDERAL MORTGAGE CORPORATION offers mortgages in 14 states: CT, DE, FL, GA, IL, MA, MD, NC, NJ, NY, PA, SC, TN, TX.

How competitive are AMERICAN FEDERAL MORTGAGE CORPORATION's mortgage rates?

AMERICAN FEDERAL MORTGAGE CORPORATION has an overall pricing score of 95.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is AMERICAN FEDERAL MORTGAGE CORPORATION?

AMERICAN FEDERAL MORTGAGE CORPORATION is a Independent Mortgage Company headquartered in CHESTER, NJ.

Unclaimed

American Federal Mortgage Corporation

Independent Mortgage Company•CHESTER, NJ•Direct to Consumer

We analyzed every closed loan from American Federal Mortgage — 926 loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Exceptional

vs. all lenders

Pull Through

Sound

closing strength

Products

Strong

FHA · Conventional

Place

Sound

Multi-Region · 18 mkts

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Safe Rate's Summary

What They Do Well

Offers rates 21.10 basis points below market average
Lower than average lender fees

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Report Card

American Federal Mortgage Corporation performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Exceptional	Market Leader Rates 21.1 bps below market avg
Pull Through Closing strength	Sound	Industry Standard Top 60% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
FHA	Sound	Industry Standard Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Sound	Industry Standard Top 60% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Multi-Regional19 markets

Loan Product Performance

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%Below	$133Credit
FHA Loans	Sound	Sound	—	Sound	22	2.4%	+0.292%Above	$393Credit

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Exceptional	Acceptable	771	83.3%	-0.216%Below	$14Credit
Refinance	Sound	Sound	Exceptional	Acceptable	155	16.7%	-0.190%Below	$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

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

CTDEFLGAILMAMDNCNJNYPASCTNTX

Top Metro Areas by Place Specialization Score

Lakewood, NJMSA

Volume: 204Mix: 22.03%of portfolio

Place

Exceptional

Newark, NJ, NJMSA

Volume: 117Mix: 12.63%of portfolio

Place

Strong

Trenton, NJMSA

Volume: 37Mix: 4.00%of portfolio

Place

Strong

New York, NY-NJMSA

Volume: 118Mix: 12.74%of portfolio

Place

Strong

Montgomery County, PAMSA

Volume: 40Mix: 4.32%of portfolio

Place

Sound

Camden, NJ, NJMSA

Volume: 32Mix: 3.46%of portfolio

Place

Sound

Allentown, PA-NJMSA

Volume: 18Mix: 1.94%of portfolio

Place

Sound

Harrisburg, PAMSA

Volume: 15Mix: 1.62%of portfolio

Place

Sound

Charlotte, NC-SCMSA

Volume: 20Mix: 2.16%of portfolio

Place

Sound

Tampa, FL, FLMSA

Volume: 17Mix: 1.84%of portfolio

Place

Sound

Showing 10 of 18 metro areas

Top States by Place Specialization Score

NJState

Volume: 521Mix: 56.26%of portfolio

Place

Exceptional

PAState

Volume: 104Mix: 11.23%of portfolio

Place

Strong

FLState

Volume: 89Mix: 9.61%of portfolio

Place

Sound

NCState

Volume: 46Mix: 4.97%of portfolio

Place

Sound

TXState

Volume: 40Mix: 4.32%of portfolio

Place

Sound

GAState

Volume: 26Mix: 2.81%of portfolio

Place

Sound

NYState

Volume: 21Mix: 2.27%of portfolio

Place

Sound

CTState

Volume: 15Mix: 1.62%of portfolio

Place

Sound

SCState

Volume: 16Mix: 1.73%of portfolio

Place

Sound

ILState

Volume: 17Mix: 1.84%of portfolio

Place

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)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

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.