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AMERICAN FINANCING CORPORATION
Independent Mortgage Company|Aurora, CO|National
Loans Originated
4,204
Applications
21,692
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Safe Rate Awards⭐FHA Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.092%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$5,065
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
19.4%
Percentage of applications that result in closed loans
Safe Rate's 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)
Report Card
AMERICAN FINANCING CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Sound | National · 50 metro areas · 50 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$265,909
Average Borrower Income
$104,756
Average Property Value
$411,311
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Acceptable | 1,707 | 40.6% | +0.114% | $4,328 |
FHA Loans | Strong | Exceptional | Sound | Sound | 2,186 | 52.0% | +0.135% | $5,617 |
VA Loans | Sound | Strong | Acceptable | Sound | 302 | 7.2% | -0.321% | $5,181 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | Acceptable | Acceptable | 703 | 16.7% | +0.401% | $4,345 |
Refinance | Strong | Exceptional | Sound | Sound | 3,501 | 83.3% | -0.008% | $5,299 |
Geographic Coverage
Metro Areas
49
States Served
50
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Denver, COMSA
Volume: 758Mix: 18.03%
Place Specialization
Exceptional
2
Atlanta, GAMSA
Volume: 458Mix: 10.89%
Place Specialization
Exceptional
3
Greeley, CO, COMSA
Volume: 125Mix: 2.97%
Place Specialization
Strong
4
Marietta, GA, GAMSA
Volume: 76Mix: 1.81%
Place Specialization
Strong
5
Fort Collins, COMSA
Volume: 50Mix: 1.19%
Place Specialization
Strong
6
Boulder, CO, COMSA
Volume: 35Mix: 0.83%
Place Specialization
Sound
7
Colorado Springs, CO, COMSA
Volume: 37Mix: 0.88%
Place Specialization
Sound
8
Las Vegas, NVMSA
Volume: 35Mix: 0.83%
Place Specialization
Sound
9
Houston, TXMSA
Volume: 48Mix: 1.14%
Place Specialization
Sound
10
Phoenix, AZMSA
Volume: 43Mix: 1.02%
Place Specialization
Sound
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
COState
Volume: 1,111Mix: 26.43%
Place Specialization
Exceptional
2
GAState
Volume: 601Mix: 14.30%
Place Specialization
Strong
3
OHState
Volume: 156Mix: 3.71%
Place Specialization
Strong
4
TXState
Volume: 196Mix: 4.66%
Place Specialization
Strong
5
FLState
Volume: 191Mix: 4.54%
Place Specialization
Sound
6
PAState
Volume: 102Mix: 2.43%
Place Specialization
Sound
7
INState
Volume: 98Mix: 2.33%
Place Specialization
Sound
8
MIState
Volume: 101Mix: 2.40%
Place Specialization
Sound
9
WYState
Volume: 35Mix: 0.83%
Place Specialization
Sound
10
TNState
Volume: 87Mix: 2.07%
Place Specialization
Sound
Showing 10 of 44 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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