American State Bank Mortgage Rates, Fees & Info
Osceola, IALEI: 254900A1GT4B0CJ1GH46
Tax ID: 42-1295132
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Mortgage Data
Review & Overview
American State Bank is a smaller bank specializing in Home Purchase loans. American State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Maryville, and Pella among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)American State 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.
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Originations
90Origination Dollar Volume (All Markets)
$10,900,000Top 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 |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 44 | $5,690,000 | $129,318 | $0 | 0.00% |
| Outside of Metro Areas | 44 | $5,120,000 | $116,364 | $0 | 0.00% |
| Maryville, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Pella, IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 90 | $10,900,000 | $121,111 | $0 | 0.00% |
For 2024, American State Bank's most frequently originated type of loan was Conventional, with 90 originations.
Loan Reason
For 2024, American State Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Home Improvement, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 90 | $10,900,000 | $121,111 | $0 | 0.00% |
For 2024, American State Bank's most frequently cited loan duration was Other, with 90 originations.
Loan Sizing
2024 saw American State Bank place emphasis on $100,000 or less loans with 53 originations, totaling $2,925,000 in origination value.
Applicant Income
American State Bank lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k-75k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 90 | $10,900,000 | $121,111 | $0 | 0.00% |
American State Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.08%
American State Bank has an average approval rate.
Pick Rate
Approvals leading to origination96.67%
American State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 90 | $10,900,000 | $121,111 |