American Community Bank Of Indiana Mortgage Rates, Fees & Info
Munster, INLEI: 254900PS2KU65ZEUOA41
Tax ID: 35-0144969
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
American Community Bank Of Indiana is a smaller bank specializing in Home Purchase loans. American Community Bank Of Indiana has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Dallas, Naples, Michigan City, and North Port among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)American Community Bank Of Indiana 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
142Origination Dollar Volume (All Markets)
$41,000,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 115 | $29,135,000 | $253,348 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $3,030,000 | $757,500 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,590,000 | $795,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 142 | $41,000,000 | $288,732 | $0 | 0.00% |
For 2023, American Community Bank Of Indiana's most frequently originated type of loan was Conventional, with 142 originations.
Loan Reason
For 2023, American Community Bank Of Indiana's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 142 | $41,000,000 | $288,732 | $0 | 0.00% |
For 2023, American Community Bank Of Indiana's most frequently cited loan duration was Other, with 142 originations.
Loan Sizing
2023 saw American Community Bank Of Indiana place emphasis on $200k-400k loans with 41 originations, totaling $11,245,000 in origination value.
Applicant Income
American Community Bank Of Indiana lent most frequently to those with incomes in the $250k+ range, with 46 originations. The second most popular income band? $150k-250k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 142 | $41,000,000 | $288,732 | $0 | 0.00% |
American Community Bank Of Indiana lent most frequently to those with DTI ratios of Exempt%, with 142 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.33%
American Community Bank Of Indiana has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.07%
American Community Bank Of Indiana 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 | 142 | $41,000,000 | $288,732 |