American Federal Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
70th5.5% deniedPricingmedian rate spread over APOR, weight 30%
91st-0.19 ptsProcesswithdrawn + incomplete share, weight 15%
2nd40.5%Closing coststotal loan costs ÷ loan amount, weight 10%
78th1.20% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,368 | 755 | 3.8% | 6.4% | 6.38% | $296M |
| 2024 | 1,700 | 938 | 3.2% | 5.4% | 6.38% | $406M |
| 2025 | 1,612 | 906 | 3.3% | 5.5% | 6.13% | $399M |
What American Federal Mortgage lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 191 investment properties.
Why American Federal Mortgage denies applications
Primary reason reported for each of the 53 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at American Federal Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 23 | 7 | 58.8% |
| $50k – $100k | 183 | 109 | 6.0% |
| $100k – $150k | 349 | 201 | 3.8% |
| $150k – $250k | 621 | 352 | 4.9% |
| Over $250k | 428 | 234 | 3.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 27 | 17 | 5.6% |
| 25–34 | 441 | 245 | 3.5% |
| 35–44 | 670 | 390 | 4.4% |
| 45–54 | 271 | 140 | 7.9% |
| 55–64 | 145 | 76 | 12.6% |
| 65–74 | 44 | 29 | 3.3% |
Where American Federal Mortgage lends
14 states and 235 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Jersey | 741 | 442 | 3.9% | 6.25% | #87 |
| Pennsylvania | 204 | 144 | 2.5% | 6.25% | #270 |
| Florida | 149 | 82 | 4.0% | 6.31% | #421 |
| Texas | 136 | 42 | 2.9% | 5.93% | #495 |
| North Carolina | 101 | 40 | 1.0% | 6.13% | #322 |
| Georgia | 93 | 40 | 4.3% | 6.06% | #349 |
| New York | 39 | 27 | 0.0% | 6.13% | #356 |
| Tennessee | 35 | 13 | 2.9% | 6.13% | #461 |
| Illinois | 27 | 12 | 3.7% | 6.13% | #553 |
| South Carolina | 27 | 21 | 0.0% | 6.25% | #410 |
| Connecticut | 24 | 15 | 0.0% | 6.00% | #279 |
| Delaware | 18 | 15 | 0.0% | 6.38% | #192 |
| Massachusetts | 11 | 8 | 9.1% | 6.06% | #451 |
| Maryland | 7 | 5 | 14.3% | 6.13% | #503 |
Frequently asked questions
American Federal Mortgage denied 5.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 70th percentile of small mortgage lenders.
The most common reason American Federal Mortgage gave in 2025 was "debt-to-income ratio", cited on 43.4% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans American Federal Mortgage originated in 2025 was 6.13%, and its median rate spread over the average prime offer rate was -0.19 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 58% of its applications were for home purchases, 41% for refinancing (including cash-out), and 2% for home improvement or other purposes. By loan type: 96% conventional, 3% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.