American Financing Corporation
We analyzed every closed loan from American Financing Corporation — 4.2k loans across 22k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA
Place
Sound
3/5
National · 49 mkts
Awards
FHA
Superstar
Refinance
Superstar
Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($5,065)
Explore another lender or local market
Report Card
American Financing Corporation performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+9.2 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Exceptional
Top 20% of lenders
VA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Exceptional
Top 20% of lenders
By Location· Geographic coverage
Geographic Reach
National · 50 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 | 1,707 | 40.6% | +0.114%Above | $4,328Fees | ||||
FHA Loans | 2,186 | 52.0% | +0.135%Above | $5,617Fees | ||||
VA Loans | 302 | 7.2% | -0.321%Below | $5,181Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughAcceptable
Volume1,707
Mix40.6%
Spread
+0.114%Above
Fees
$4,328Fees
FHA Loans
OverallSound
ProductExceptional
PricingSound
Pull ThroughSound
Volume2,186
Mix52.0%
Spread
+0.135%Above
Fees
$5,617Fees
VA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume302
Mix7.2%
Spread
-0.321%Below
Fees
$5,181Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 703 | 16.7% | +0.401%Above | $4,345Fees | ||||
Refinance | 3,501 | 83.3% | -0.008%Below | $5,299Fees |
Purchase
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughAcceptable
Volume703
Mix16.7%
Spread
+0.401%Above
Fees
$4,345Fees
Refinance
OverallSound
ProductExceptional
PricingSound
Pull ThroughSound
Volume3,501
Mix83.3%
Spread
-0.008%Below
Fees
$5,299Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
4,204
Applications
21,692
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.092%
vs. market APOR
Avg Net Fees
$5,065
Origination − Credits
Pullthrough Rate
19.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$265,909
Avg Borrower Income
$104,756
Avg Property Value
$411,311
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
50
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
50Nationwide · all 50 statesNortheast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South16
ALARDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Volume 758Mix 18.03% of portfolio
86/100
Exceptional
Volume 458Mix 10.89% of portfolio
80/100
Exceptional
Volume 125Mix 2.97% of portfolio
79/100
Strong
Volume 76Mix 1.81% of portfolio
65/100
Strong
Volume 50Mix 1.19% of portfolio
64/100
Strong
Volume 35Mix 0.83% of portfolio
56/100
Sound
Volume 37Mix 0.88% of portfolio
54/100
Sound
Volume 35Mix 0.83% of portfolio
52/100
Sound
Volume 48Mix 1.14% of portfolio
52/100
Sound
Volume 43Mix 1.02% of portfolio
50/100
SoundShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
ColoradoState
Volume 1,111Mix 26.43% of portfolio
86/100
Exceptional2
GeorgiaState
Volume 601Mix 14.30% of portfolio
78/100
Strong3
OhioState
Volume 156Mix 3.71% of portfolio
62/100
Strong4
TexasState
Volume 196Mix 4.66% of portfolio
60/100
Strong5
FloridaState
Volume 191Mix 4.54% of portfolio
59/100
Sound6
PennsylvaniaState
Volume 102Mix 2.43% of portfolio
58/100
Sound7
IndianaState
Volume 98Mix 2.33% of portfolio
58/100
Sound8
MichiganState
Volume 101Mix 2.40% of portfolio
58/100
Sound9
WyomingState
Volume 35Mix 0.83% of portfolio
58/100
Sound10
TennesseeState
Volume 87Mix 2.07% of portfolio
57/100
SoundShowing 10 of 44 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.