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. American Community Bank Of Indiana has a low ratio of conventional loans. Their top markets by origination volume include: Chicago, Michigan City, Savannah, Warsaw, and Indianapolis among others. We have data for 15 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
187Origination Dollar Volume (All Markets)
$54,475,000Top 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) | 166 | $47,620,000 | $286,867 | $0 | 3.13% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,005,000 | $335,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 186 | $54,130,000 | $291,022 | $0 | 0.00% |
| Conventional | 1 | $345,000 | $345,000 | $0 | 3.13% |
For 2022, American Community Bank Of Indiana's most frequently originated type of loan was Conventional, with 186 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2022, American Community Bank Of Indiana's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 187 | $54,475,000 | $291,310 | $0 | 3.13% |
For 2022, American Community Bank Of Indiana's most frequently cited loan duration was Other, with 187 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1 | $345,000 | $345,000 |
During 2022, American Community Bank Of Indiana's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 1 originations.
Loan Sizing
2022 saw American Community Bank Of Indiana place emphasis on $200k-400k loans with 61 originations, totaling $17,665,000 in origination value.
Applicant Income
American Community Bank Of Indiana lent most frequently to those with incomes in the $150k-250k range, with 44 originations. The second most popular income band? $250k+, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 187 | $54,475,000 | $291,310 | $0 | 3.13% |
American Community Bank Of Indiana lent most frequently to those with DTI ratios of Exempt%, with 187 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.51%
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 origination90.37%
American Community Bank Of Indiana has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 186 | $54,130,000 | $291,022 |
| NA | 1 | $345,000 | $345,000 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Financial Network Inc. | FHA mortgage | Trouble during payment process | 1 | 100.0% |