American Mortgage Bank Rates, Fees & Info

OKLAHOMA CITY, OK

LEI: 254900RFZH9I62FGU045

Tax ID: 46-4215283

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Mortgage Data

Review & Overview

American Mortgage Bank is a smaller bank specializing in Home Purchase and Refi loans. They have a a high proportion of FHA loans. American Mortgage Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Oklahoma City, Dallas, Kansas City, Beaumont, and Houston among others. We have data for 70 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Mortgage Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. American Mortgage Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.88% 12/16/24
30 Year Conventional Refi 6.10% 12/16/24
30 Year Cash-out Refi 6.71% 12/16/24
30 Year FHA Purchase 7.61% 12/16/24
30 Year FHA Refi 6.27% 12/16/24
30 Year VA Purchase 7.03% 12/16/24
30 Year USDA Purchase 6.51% 12/16/24
15 Year Conventional Purchase 6.58% 12/16/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

American Mortgage Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from American Mortgage Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

431

Origination Dollar Volume (All Markets)

$78,395,000

Top 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
OKLAHOMA CITY, OK (FHA|USDA|VA) 195 $31,695,000 $162,538 $5,239 4.29%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 34 $7,580,000 $222,941 $8,750 4.26%
Outside of Metro Areas 34 $5,460,000 $160,588 $7,325 4.20%
KANSAS CITY, MO-KS (FHA|USDA|VA) 17 $4,265,000 $250,882 $6,582 4.31%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 14 $2,470,000 $176,429 $8,598 4.71%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $2,060,000 $257,500 $8,234 4.70%
LAWTON, OK (FHA|USDA|VA) 11 $1,655,000 $150,455 $4,437 4.23%
ENID, OK (FHA|USDA|VA) 9 $1,215,000 $135,000 $5,388 3.97%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $1,110,000 $185,000 $8,237 4.19%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,055,000 $211,000 $6,271 4.98%
Athens, TX (FHA|USDA|VA) 5 $1,045,000 $209,000 $8,975 4.58%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 9 $945,000 $105,000 $4,475 4.90%
TULSA, OK (FHA|USDA|VA) 4 $750,000 $187,500 $5,978 4.66%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $690,000 $172,500 $8,023 4.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $685,000 $228,333 $7,923 4.67%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $660,000 $330,000 $5,242 4.69%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $600,000 $300,000 $7,190 5.94%
Sulphur Springs, TX (FHA|USDA|VA) 3 $595,000 $198,333 $8,009 4.08%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $575,000 $575,000 $11,821 5.38%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $555,000 $185,000 $5,889 3.79%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $550,000 $275,000 $5,495 4.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $545,000 $181,667 $5,724 5.25%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $485,000 $485,000 $8,888 4.38%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $485,000 $485,000 $4,074 5.13%
Mineral Wells, TX (FHA|USDA|VA) 2 $450,000 $225,000 $12,201 4.63%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $420,000 $210,000 $6,406 4.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $410,000 $205,000 $5,018 4.75%
RENO, NV (FHA|USDA|VA) 1 $405,000 $405,000 $5,793 4.88%
LONGVIEW, TX (FHA|USDA|VA) 2 $400,000 $200,000 $9,157 3.88%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $385,000 $385,000 $5,056 4.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $360,000 $180,000 $7,619 4.38%
Duncan, OK (FHA|USDA|VA) 1 $355,000 $355,000 $7,010 4.25%
Kerrville, TX (FHA|USDA|VA) 2 $350,000 $175,000 $7,337 4.88%
Bay City, TX (FHA|USDA|VA) 1 $315,000 $315,000 $9,362 4.38%
Ponca City, OK (FHA|USDA|VA) 1 $285,000 $285,000 $12,092 4.13%
Fredericksburg, TX (FHA|USDA|VA) 1 $275,000 $275,000 $9,368 4.75%
TEXARKANA, TX-AR (FHA|USDA|VA) 2 $260,000 $130,000 $7,271 4.44%
Weatherford, OK (FHA|USDA|VA) 2 $250,000 $125,000 $4,628 4.13%
MONROE, LA (FHA|USDA|VA) 1 $245,000 $245,000 $7,009 4.88%
Branson, MO (FHA|USDA|VA) 1 $245,000 $245,000 $9,135 5.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $235,000 $235,000 $6,143 5.13%
Malvern, AR (FHA|USDA|VA) 1 $235,000 $235,000 $6,090 3.63%
Alice, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,025 4.00%
Corsicana, TX (FHA|USDA|VA) 1 $215,000 $215,000 $6,892 4.88%
PINE BLUFF, AR (FHA|USDA|VA) 1 $205,000 $205,000 $9,227 3.63%
BEND, OR (FHA|USDA|VA) 1 $205,000 $205,000 $3,624 5.13%
CARSON CITY, NV (FHA|USDA|VA) 1 $205,000 $205,000 $3,688 4.50%
EL PASO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $8,100 3.50%
Nacogdoches, TX (FHA|USDA|VA) 1 $205,000 $205,000 $8,629 4.50%
Stephenville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $12,222 3.63%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $195,000 $195,000 $10,538 4.38%
Port Lavaca, TX (FHA|USDA|VA) 1 $195,000 $195,000 $10,711 4.38%
Jacksonville, TX (FHA|USDA|VA) 2 $190,000 $95,000 $6,822 3.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $5,603 4.13%
Bonham, TX (FHA|USDA|VA) 1 $185,000 $185,000 $9,542 3.75%
Durant, OK (FHA|USDA|VA) 1 $185,000 $185,000 $10,041 4.63%
Blytheville, AR (FHA|USDA|VA) 1 $185,000 $185,000 $8,158 4.50%
Palestine, TX (FHA|USDA|VA) 1 $175,000 $175,000 $6,795 4.75%
TYLER, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,280 4.38%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $165,000 $165,000 $9,366 3.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $6,962 4.38%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $155,000 $155,000 $3,891 5.00%
Camden, AR (FHA|USDA|VA) 1 $155,000 $155,000 $6,773 4.38%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $145,000 $145,000 $4,229 5.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $145,000 $145,000 $5,129 3.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $145,000 $145,000 $7,014 4.13%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $115,000 $115,000 $5,473 3.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,615 4.75%
Pittsburg, KS (FHA|USDA|VA) 1 $85,000 $85,000 $4,732 3.50%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $55,000 $55,000 $6,052 4.63%
American Mortgage Bank's top markets include Oklahoma City, Dallas, Kansas City, Beaumont, and Houston among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 223 $35,955,000 $161,233 $7,181 4.28%
    Conventional 175 $34,935,000 $199,629 $5,435 4.45%
    VA 29 $6,875,000 $237,069 $5,259 4.29%
    USDA 4 $630,000 $157,500 $5,572 4.00%

    For 2019, American Mortgage Bank's most frequently originated type of loan was FHA, with 223 originations. Their 2nd most popular type was Conventional, with 175 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 296 $50,220,000 $169,662 $5,556 4.37%
    Refi 106 $21,150,000 $199,528 $8,440 4.23%
    Cash Out Refi 29 $7,025,000 $242,241 $6,482 4.62%

    For 2019, American Mortgage Bank's most frequently cited loan purpose was Home Purchase, with 296 originations. The 2nd most popular reason was Refi, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 408 $74,600,000 $182,843 $6,364 4.36%
    15 Year 13 $2,135,000 $164,231 $5,478 3.90%
    20 Year 5 $825,000 $165,000 $6,279 4.38%
    Other 5 $835,000 $167,000 $5,567 4.48%

    For 2019, American Mortgage Bank's most frequently cited loan duration was 30 Year, with 408 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 255 $42,815,000 $167,902
    $2k-3k 60 $10,930,000 $182,167
    $3k-4k 40 $8,330,000 $208,250
    $<1k 32 $6,080,000 $190,000
    $4k-5k 27 $5,805,000 $215,000
    $5k+ 17 $4,435,000 $260,882

    American Mortgage Bank's average total fees were $6,364, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 255 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 220 $40,960,000 $186,182
    3-4% 146 $25,730,000 $176,233
    5-6% 62 $11,000,000 $177,419
    6-7% 2 $420,000 $210,000
    2.5-3% 1 $285,000 $285,000

    During 2019, American Mortgage Bank's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 4-5%, with 220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 232 $34,590,000 $149,095 $6,020 4.31%
    $200k-400k 142 $36,300,000 $255,634 $7,354 4.31%
    $100,000 or less 49 $3,825,000 $78,061 $4,607 4.60%
    $400k-600k 8 $3,680,000 $460,000 $7,563 4.69%

    2019 saw American Mortgage Bank place emphasis on $100k-200k loans with 232 originations, totaling $34,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 124 $20,380,000 $164,355 $6,168 4.40%
    $50k or less 123 $15,875,000 $129,065 $5,145 4.22%
    $75k-100k 86 $17,420,000 $202,558 $7,004 4.36%
    $100k-150k 70 $16,650,000 $237,857 $7,421 4.36%
    $150k-250k 24 $6,650,000 $277,083 $7,584 4.72%
    $250k+ 4 $1,420,000 $355,000 $6,399 4.22%

    American Mortgage Bank lent most frequently to those with incomes in the $50k-75k range, with 124 originations. The second most popular income band? $50k or less, with 123 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 76 $13,910,000 $183,026 $6,277 4.30%
    20-30% 71 $11,695,000 $164,718 $6,151 4.29%
    50-60% 38 $6,910,000 $181,842 $7,870 4.07%
    36% 25 $4,615,000 $184,600 $5,984 4.35%
    38% 22 $4,240,000 $192,727 $6,924 4.60%
    42% 20 $4,140,000 $207,000 $6,367 4.48%
    45% 20 $4,170,000 $208,500 $6,298 4.49%
    39% 19 $3,325,000 $175,000 $5,608 4.55%
    37% 18 $3,480,000 $193,333 $6,226 4.36%
    44% 16 $3,390,000 $211,875 $6,271 4.13%
    40% 16 $2,790,000 $174,375 $5,738 4.52%
    49% 15 $2,645,000 $176,333 $6,056 4.38%
    43% 15 $2,855,000 $190,333 $6,504 4.58%
    47% 15 $2,705,000 $180,333 $6,784 4.25%
    41% 13 $2,435,000 $187,308 $5,937 4.47%
    <20% 12 $1,720,000 $143,333 $5,691 4.39%
    48% 11 $1,825,000 $165,909 $6,187 4.55%
    46% 8 $1,250,000 $156,250 $4,580 4.20%

    American Mortgage Bank lent most frequently to those with DTI ratios of 30-36%, with 76 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 359 $64,125,000 $178,621 $6,355 4.31%
    Black 45 $9,505,000 $211,222 $6,479 4.68%
    Asian 21 $3,815,000 $181,667 $5,420 4.22%
    American Indian 3 $515,000 $171,667 $7,951 4.42%
    Not provided 3 $435,000 $145,000 $5,508 4.50%

    Approval Rates

    Total approvals of all applications
    92.25%

    American Mortgage Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    51.04%

    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 431 $78,395,000 $181,891

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 17 $1,915,000 $112,647
    Single Family (1-4 Units):Site-Built 414 $76,480,000 $184,734

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $300,000 $75,000 $5,066 3.94%
    40-60% 15 $2,825,000 $188,333 $6,035 4.61%
    60-80% 66 $13,740,000 $208,182 $6,664 4.62%
    80-100% 339 $60,015,000 $177,035 $6,264 4.29%
    Over 100% 7 $1,515,000 $216,429 $7,599 4.23%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN BANCSHARES MORTGAGE, LLC Conventional home mortgage Trouble during payment process 1 100.0%