American Bank N.a. Mortgage Rates, Fees & Info
Waco, TXLEI: 2549006VBLRP288VX853
Tax ID: 74-2218943
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Mortgage Data
Review & Overview
American Bank N.a. is a smaller bank specializing in Home Purchase loans. American Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Waco, Killeen, Austin, Houston, and Dallas among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)American Bank N.a. 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.
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Originations
200Origination Dollar Volume (All Markets)
$63,820,000Top 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 |
|---|---|---|---|---|---|
| WACO, TX (FHA|USDA|VA) | 175 | $47,115,000 | $269,229 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $6,425,000 | $2,141,667 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $2,740,000 | $685,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,730,000 | $288,333 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Durango, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 200 | $63,820,000 | $319,100 | $0 | 0.00% |
For 2022, American Bank N.a.'s most frequently originated type of loan was Conventional, with 200 originations.
Loan Reason
For 2022, American Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 200 | $63,820,000 | $319,100 | $0 | 0.00% |
For 2022, American Bank N.a.'s most frequently cited loan duration was Other, with 200 originations.
Loan Sizing
2022 saw American Bank N.a. place emphasis on $200k-400k loans with 66 originations, totaling $18,650,000 in origination value.
Applicant Income
American Bank N.a. lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $250k+, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 200 | $63,820,000 | $319,100 | $0 | 0.00% |
American Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 200 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.76%
American Bank N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.00%
American Bank N.a. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 200 | $63,820,000 | $319,100 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |