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 (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
124Origination Dollar Volume (All Markets)
$16,690,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 67 | $9,835,000 | $146,791 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 57 | $6,855,000 | $120,263 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 124 | $16,690,000 | $134,597 | $0 | 0.00% |
For 2022, American State Bank's most frequently originated type of loan was Conventional, with 124 originations.
Loan Reason
For 2022, American State Bank's most frequently cited loan purpose was Home Purchase, with 75 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 | 124 | $16,690,000 | $134,597 | $0 | 0.00% |
For 2022, American State Bank's most frequently cited loan duration was Other, with 124 originations.
Loan Sizing
2022 saw American State Bank place emphasis on $100,000 or less loans with 67 originations, totaling $3,285,000 in origination value.
Applicant Income
American State Bank lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 124 | $16,690,000 | $134,597 | $0 | 0.00% |
American State Bank lent most frequently to those with DTI ratios of Exempt%, with 124 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 106 | $14,550,000 | $137,264 | $0 | 0.00% |
| Not applicable | 18 | $2,140,000 | $118,889 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.66%
American State Bank has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 124 | $16,690,000 | $134,597 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |