American State Bank Mortgage Rates, Fees & Info

Osceola, IA

LEI: 254900A1GT4B0CJ1GH46

Tax ID: 42-1295132

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Mortgage Data

Review & Overview

American State Bank is a smaller bank specializing in Home Purchase and Refi loans. American State Bank has a high proportion of conventional loans. Their top (well, only) market is Des Moines.

American State Bank has an above average approval rate when compared to the average across all lenders.

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Originations

108

Origination Dollar Volume (All Markets)

$14,210,000

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
Outside of Metro Areas 65 $8,225,000 $126,538 $0 0.00%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 43 $5,985,000 $139,186 $0 0.00%
American State Bank's top markets include and Des Moines among others.

Their top states include:
  • Iowa (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $14,210,000 $131,574 $0 0.00%

    For 2023, American State Bank's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $9,440,000 $168,571 $0 0.00%
    Home Improvement 25 $1,355,000 $54,200 $0 0.00%
    Refi 17 $3,015,000 $177,353 $0 0.00%
    Other 10 $400,000 $40,000 $0 0.00%

    For 2023, American State Bank's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Home Improvement, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 108 $14,210,000 $131,574 $0 0.00%

    For 2023, American State Bank's most frequently cited loan duration was Other, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,225,000 $49,615 $0 0.00%
    $100k-200k 25 $3,715,000 $148,600 $0 0.00%
    $200k-400k 12 $3,560,000 $296,667 $0 0.00%
    $600k-1MM 4 $2,850,000 $712,500 $0 0.00%
    $400k-600k 2 $860,000 $430,000 $0 0.00%

    2023 saw American State Bank place emphasis on $100,000 or less loans with 65 originations, totaling $3,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $1,455,000 $63,261 $0 0.00%
    $100k-150k 16 $2,680,000 $167,500 $0 0.00%
    $50k-75k 16 $1,900,000 $118,750 $0 0.00%
    $75k-100k 16 $2,020,000 $126,250 $0 0.00%
    $150k-250k 10 $2,090,000 $209,000 $0 0.00%
    $250k+ 3 $1,355,000 $451,667 $0 0.00%

    American State Bank lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 108 $14,210,000 $131,574 $0 0.00%

    American State Bank lent most frequently to those with DTI ratios of Exempt%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $13,175,000 $144,780 $0 0.00%
    Not applicable 17 $1,035,000 $60,882 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    American State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 108 $14,210,000 $131,574

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $14,210,000 $131,574