American Riviera Bank Mortgage Rates, Fees & Info
Santa Barbara, CALEI: 2549003O1765OJT2BV03
Tax ID: 20-5071344
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Mortgage Data
Review & Overview
American Riviera Bank is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. American Riviera Bank has a high proportion of conventional loans. Their top markets by origination volume include: Santa Maria, San Luis Obispo, Los Angeles, Salinas, and Fresno among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)American Riviera Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
20Origination Dollar Volume (All Markets)
$17,080,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 10 | $10,470,000 | $1,047,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 5 | $2,975,000 | $595,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $255,000 | $255,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $17,080,000 | $854,000 | $0 | 0.00% |
For 2023, American Riviera Bank's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 8 | $7,380,000 | $922,500 | $0 | 0.00% |
| Refi | 7 | $5,635,000 | $805,000 | $0 | 0.00% |
| Home Purchase | 5 | $4,065,000 | $813,000 | $0 | 0.00% |
For 2023, American Riviera Bank's most frequently cited loan purpose was Cash Out Refi, with 8 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 20 | $17,080,000 | $854,000 | $0 | 0.00% |
For 2023, American Riviera Bank's most frequently cited loan duration was Other, with 20 originations.
Loan Sizing
2023 saw American Riviera Bank place emphasis on $1MM+ loans with 6 originations, totaling $10,700,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 3 | $3,185,000 | $1,061,667 | $0 | 0.00% |
| $150k-250k | 1 | $825,000 | $825,000 | $0 | 0.00% |
| $50k-75k | 1 | $125,000 | $125,000 | $0 | 0.00% |
American Riviera Bank lent most frequently to those with incomes in the $250k+ range, with 3 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 20 | $17,080,000 | $854,000 | $0 | 0.00% |
American Riviera Bank lent most frequently to those with DTI ratios of Exempt%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
American Riviera Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.00%
American Riviera Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 20 | $17,080,000 | $854,000 |