American Mortgage Bank Rates, Fees & Info

OKLAHOMA CITY, OK

LEI: 254900RFZH9I62FGU045

Tax ID: 46-4215283

3.8 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

American Mortgage Bank is a smaller bank specializing in Home Purchase loans. American Mortgage Bank has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Oklahoma City, Kansas City, Beaumont, San Antonio, and Dallas among others. American Mortgage Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. American Mortgage Bank is typically an average fee lendor.


Originations

510

Origination Dollar Volume (All Markets)

$103,230,000

Relative Rate

American Mortgage Bank 's average 30 year fixed rate mortgage of loans were 3.14%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.01%.

Relative Fees

American Mortgage Bank 's average total fees for a 30 year fixed rate mortgage are $5,966.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
OKLAHOMA CITY, OK (FHA|USDA|VA) 359 $68,855,000 $191,797 $5,859 3.05%
KANSAS CITY, MO-KS (FHA|USDA|VA) 39 $9,415,000 $241,410 $5,313 3.30%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 16 $3,560,000 $222,500 $7,613 3.52%
Outside of Metro Areas 12 $2,010,000 $167,500 $5,250 3.11%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $1,925,000 $275,000 $5,478 3.07%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $1,545,000 $220,714 $6,611 3.32%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,545,000 $220,714 $7,223 3.45%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $1,455,000 $291,000 $6,383 3.45%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,130,000 $282,500 $5,860 3.25%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $1,055,000 $211,000 $7,174 3.35%
Stillwater, OK (FHA|USDA|VA) 3 $695,000 $231,667 $6,649 3.04%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $545,000 $545,000 $4,213 2.63%
ENID, OK (FHA|USDA|VA) 3 $525,000 $175,000 $4,925 3.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $505,000 $505,000 $3,601 2.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $500,000 $250,000 $7,106 2.81%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $465,000 $465,000 $8,368 3.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $415,000 $415,000 $5,499 3.13%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $380,000 $190,000 $7,077 3.69%
LAFAYETTE, LA (FHA|USDA|VA) 2 $380,000 $190,000 $6,821 3.38%
LAWTON, OK (FHA|USDA|VA) 3 $375,000 $125,000 $0 3.58%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $365,000 $365,000 $0 3.13%
Woodward, OK (FHA|USDA|VA) 1 $345,000 $345,000 $8,281 2.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $335,000 $335,000 $4,419 3.25%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $310,000 $155,000 $4,300 3.19%
Gainesville, TX (FHA|USDA|VA) 1 $305,000 $305,000 $7,104 2.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $3,107 2.63%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $245,000 $245,000 $7,198 3.25%
Athens, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,733 3.63%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $809 2.25%
Nogales, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $6,062 3.50%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $3,085 2.25%
Durant, OK (FHA|USDA|VA) 1 $215,000 $215,000 $8,817 3.00%
McAlester, OK (FHA|USDA|VA) 1 $215,000 $215,000 $4,953 2.00%
Shawnee, OK (FHA|USDA|VA) 1 $205,000 $205,000 $8,398 2.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.00%
BATON ROUGE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $4,375 3.00%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $165,000 $165,000 $4,710 4.00%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $165,000 $165,000 $7,046 2.88%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $165,000 $165,000 $2,655 2.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $155,000 $155,000 $3,929 2.38%
TULSA, OK (FHA|USDA|VA) 1 $145,000 $145,000 $4,384 2.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,706 3.25%
TYLER, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,818 4.13%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $135,000 $135,000 $2,900 3.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $135,000 $135,000 $7,499 4.25%
LUBBOCK, TX (FHA|USDA|VA) 1 $125,000 $125,000 $6,484 3.00%
Altus, OK (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.63%
HATTIESBURG, MS (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.75%
GREEN BAY, WI (FHA|USDA|VA) 1 $85,000 $85,000 $5,290 3.25%

American Mortgage Bank 's top markets include Oklahoma City, Kansas City, Beaumont, San Antonio, and Dallas among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 245 $50,295,000 $205,286 $4,171 3.19%
FHA 235 $45,615,000 $194,106 $7,317 3.06%
VA 28 $6,940,000 $247,857 $6,273 2.84%
USDA 2 $380,000 $190,000 $5,606 3.81%

For the 2021 period, American Mortgage Bank 's most frequently originated loan type of loans were Conventional, with 245 originations. Their 2nd most popular type is FHA, with 235 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 397 $81,325,000 $204,849 $6,109 3.13%
Refi 68 $13,430,000 $197,500 $4,805 2.84%
Cash Out Refi 45 $8,475,000 $188,333 $5,090 3.38%

For the 2021, American Mortgage Bank 's most frequently cited loan purpose of loans were Home Purchase, with 397 originations. The 2nd most popular reason of loans were Refi, with 68 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 479 $97,905,000 $204,395 $5,966 3.14%
15 Year 20 $4,000,000 $200,000 $4,795 2.64%
20 Year 6 $660,000 $110,000 $3,580 2.92%
Other 3 $415,000 $138,333 $3,138 2.83%
10 Year 2 $250,000 $125,000 $3,802 2.38%

For the 2021, American Mortgage Bank 's most frequently cited loan length of loans were 30 Year, with 479 originations. The 2nd most popular length of loans were 15 Year, with 20 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 405 $81,145,000 $200,358
$2k-3k 46 $11,360,000 $246,957
$3k-4k 12 $3,240,000 $270,000
$5k+ 4 $1,040,000 $260,000
$<1k 3 $935,000 $311,667

$5,966 of loans were American Mortgage Bank 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 405 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 226 $47,200,000 $208,850
2.5-3% 202 $40,640,000 $201,188
<2.5% 55 $11,075,000 $201,364
4-5% 27 $4,315,000 $159,815

During 2021, American Mortgage Bank 's average interest rate of loans were 3.14%, while their most frequently originated rate bucket of loans were 3-4%, with 226 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 264 $40,760,000 $154,394 $5,438 3.10%
$200k-400k 188 $49,330,000 $262,394 $6,764 3.08%
$100,000 or less 36 $2,990,000 $83,056 $4,388 3.39%
$400k-600k 22 $10,150,000 $461,364 $4,706 3.14%

2021 saw American Mortgage Bank place emphasis on $100k-200k loans with 264 originations, totaling $40,760,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 172 $27,000,000 $156,977 $5,638 3.01%
$50k-75k 156 $30,590,000 $196,090 $6,209 3.21%
$75k-100k 71 $15,885,000 $223,732 $6,038 3.09%
$100k-150k 51 $14,245,000 $279,314 $6,079 3.17%
$150k-250k 42 $11,180,000 $266,190 $5,052 3.24%
$250k+ 12 $3,190,000 $265,833 $5,573 3.01%

American Mortgage Bank lent most frequently to those with incomes in the $50k or less range, with 172 originations. The second most popular income band? $50k-75k, with 156 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 86 $16,580,000 $192,791 $5,303 3.17%
20-30% 71 $14,295,000 $201,338 $5,186 3.03%
50-60% 45 $9,585,000 $213,000 $7,225 3.00%
40% 31 $6,655,000 $214,677 $6,086 3.14%
39% 27 $5,545,000 $205,370 $6,151 3.24%
44% 25 $5,215,000 $208,600 $6,610 3.28%
<20% 23 $3,735,000 $162,391 $5,217 3.14%
42% 22 $4,650,000 $211,364 $6,122 3.20%
45% 22 $3,800,000 $172,727 $5,529 2.99%
38% 20 $4,310,000 $215,500 $6,069 3.14%
43% 20 $4,930,000 $246,500 $5,838 3.29%
46% 20 $4,090,000 $204,500 $5,858 3.21%
49% 20 $4,190,000 $209,500 $5,990 2.96%
47% 18 $3,790,000 $210,556 $6,059 2.97%
41% 17 $3,295,000 $193,824 $6,396 3.24%
37% 12 $2,070,000 $172,500 $5,425 3.00%
48% 11 $2,385,000 $216,818 $6,609 3.14%
36% 10 $2,280,000 $228,000 $6,095 3.28%

American Mortgage Bank lent most frequently to those with DTI ratios of 30-36%, with 86 originations. The next most common DTI ratio? 20-30%, with 71 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 365 $70,985,000 $194,479 $5,788 3.06%
Black 93 $22,735,000 $244,462 $6,643 3.32%
Not provided 31 $5,795,000 $186,935 $5,082 3.24%
Asian 16 $2,880,000 $180,000 $4,302 2.90%
American Indian 4 $700,000 $175,000 $5,842 3.34%
Native Hawaiian 1 $135,000 $135,000 $5,624 2.88%

Approval Rates

Total approvals of all applications
94.11%

American Mortgage Bank has an average approval rate.

Pick Rate

Approvals leading to origination
60.96%

American Mortgage Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 510 $103,230,000 $202,412

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
510 $103,230,000 $202,412

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 3 $845,000 $281,667 $3,944 2.67%
40-60% 12 $2,260,000 $188,333 $4,249 3.10%
60-80% 97 $18,265,000 $188,299 $4,512 3.20%
80-100% 393 $80,545,000 $204,949 $6,131 3.10%
Over 100% 4 $1,190,000 $297,500 $9,210 2.84%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
AMERICAN BANCSHARES MORTGAGE, LLC Conventional home mortgage Closing on a mortgage 1 100.0%