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
Promptness
Not enough data
—/5
No quote responses measured yet
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
2/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
1,707 loans · 0.11% above market
Strong
Top 40% of lenders
4/5
FHA
2,186 loans · 0.14% above market
Exceptional
Top 20% of lenders
5/5
VA
302 loans · 0.32% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
703 loans · 0.40% above market
Sound
Top 60% of lenders
3/5
Refinance
3,501 loans · 0.01% below market
Exceptional
Top 20% of lenders
5/5
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Sound
Top 60% of lenders
3/5
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
50Full-year 2024 · HMDANationwide · all 50 statesLoans originated
< 2020–5050–100100+None
Northeast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South16
ALARDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 44 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 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.