American Riviera Bank Mortgage Rates, Fees & Info

Santa Barbara, CA

LEI: 2549003O1765OJT2BV03

Tax ID: 20-5071344

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    American Riviera Bank is a smaller bank specializing in Refi loans. American Riviera Bank has a high proportion of conventional loans. Their top markets by origination volume include: Santa Maria, San Luis Obispo, Salinas, Oxnard, and Los Angeles among others. We have data for 6 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 an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    84

    Origination Dollar Volume (All Markets)

    $104,120,000

    Top 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) 53 $73,285,000 $1,382,736 $0 0.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 25 $21,375,000 $855,000 $0 0.00%
    SALINAS, CA (FHA|USDA|VA) 2 $4,460,000 $2,230,000 $0 0.00%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $3,880,000 $1,940,000 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $695,000 $695,000 $0 0.00%
    MODESTO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    American Riviera Bank's top markets include Santa Maria, San Luis Obispo, Salinas, Oxnard, and Los Angeles among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $104,120,000 $1,239,524 $0 0.00%

    For 2022, American Riviera Bank's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 46 $66,180,000 $1,438,696 $0 0.00%
    Cash Out Refi 21 $17,725,000 $844,048 $0 0.00%
    Home Purchase 17 $20,215,000 $1,189,118 $0 0.00%

    For 2022, American Riviera Bank's most frequently cited loan purpose was Refi, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 84 $104,120,000 $1,239,524 $0 0.00%

    For 2022, American Riviera Bank's most frequently cited loan duration was Other, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 32 $75,560,000 $2,361,250 $0 0.00%
    $600k-1MM 25 $19,015,000 $760,600 $0 0.00%
    $200k-400k 13 $3,815,000 $293,462 $0 0.00%
    $400k-600k 11 $5,295,000 $481,364 $0 0.00%
    $100k-200k 3 $435,000 $145,000 $0 0.00%

    2022 saw American Riviera Bank place emphasis on $1MM+ loans with 32 originations, totaling $75,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 14 $14,500,000 $1,035,714 $0 0.00%
    $150k-250k 10 $10,150,000 $1,015,000 $0 0.00%
    $100k-150k 6 $2,250,000 $375,000 $0 0.00%
    $50k-75k 3 $565,000 $188,333 $0 0.00%
    $50k or less 1 $855,000 $855,000 $0 0.00%

    American Riviera Bank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $150k-250k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 84 $104,120,000 $1,239,524 $0 0.00%

    American Riviera Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $40,025,000 $1,143,571 $0 0.00%
    Not applicable 18 $35,690,000 $1,982,778 $0 0.00%
    Not provided 27 $24,885,000 $921,667 $0 0.00%
    Asian 3 $2,655,000 $885,000 $0 0.00%
    American Indian 1 $865,000 $865,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.61%

    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 origination
    90.48%

    American Riviera Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 84 $104,120,000 $1,239,524

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    84 $104,120,000 $1,239,524

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    AMERIS BANCORP Conventional home mortgage Trouble during payment process 1 100.0%