American Mortgage Bank Rates, Fees & Info
OKLAHOMA CITY, OKLEI: 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. 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 by origination volume include: Oklahoma City, Dallas, Kansas City, Lawton, and Virginia Beach among others. We have data for 78 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
740Origination Dollar Volume (All Markets)
$146,070,000Awards
American Mortgage Bank - 2020
American Mortgage Bank is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 438 | $79,520,000 | $181,553 | $5,285 | 3.05% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 56 | $14,180,000 | $253,214 | $6,998 | 3.36% |
| Outside of Metro Areas | 33 | $7,105,000 | $215,303 | $6,510 | 3.32% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 35 | $6,795,000 | $194,143 | $5,055 | 3.03% |
| LAWTON, OK (FHA|USDA|VA) | 24 | $4,340,000 | $180,833 | $5,804 | 3.29% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $2,165,000 | $309,286 | $3,516 | 3.04% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $2,075,000 | $230,556 | $6,470 | 2.89% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 6 | $1,150,000 | $191,667 | $5,804 | 3.48% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $4,232 | 2.91% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $8,843 | 3.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $6,200 | 2.97% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $4,586 | 2.94% |
| ENID, OK (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $4,043 | 3.46% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $4,119 | 2.63% |
| Duncan, OK (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,778 | 3.63% |
| Ruston, LA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $8,959 | 3.29% |
| Weatherford, OK (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,212 | 2.91% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $6,264 | 3.41% |
| TYLER, TX (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $9,320 | 3.83% |
| Athens, TX (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,623 | 2.92% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,126 | 3.06% |
| Gainesville, TX (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $9,886 | 3.08% |
| Guymon, OK (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $7,361 | 3.17% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $9,618 | 2.81% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,407 | 2.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $8,009 | 3.31% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $8,109 | 3.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $11,344 | 3.63% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,998 | 3.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,810 | 3.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $7,007 | 3.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,605 | 2.94% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,549 | 4.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $9,749 | 3.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $5,659 | 3.67% |
| TULSA, OK (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,983 | 3.58% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $11,589 | 2.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,927 | 2.75% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,544 | 3.75% |
| Shawnee, OK (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $1,820 | 3.08% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,069 | 3.19% |
| Ardmore, OK (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,450 | 3.31% |
| Sulphur Springs, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,971 | 3.69% |
| McPherson, KS (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,094 | 3.88% |
| Granbury, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $9,757 | 3.56% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,886 | 3.63% |
| Natchitoches, LA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,910 | 3.63% |
| Bay City, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,229 | 3.50% |
| Stillwater, OK (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,316 | 3.81% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,093 | 3.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,103 | 2.63% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,037 | 4.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,441 | 3.13% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,263 | 3.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,588 | 2.88% |
| MONROE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,115 | 3.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,961 | 2.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,011 | 3.13% |
| Minden, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,460 | 3.13% |
| Palestine, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,233 | 3.25% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,539 | 3.25% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,661 | 3.88% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,368 | 3.88% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,061 | 3.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,497 | 3.75% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,808 | 2.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,733 | 3.75% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,870 | 3.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,970 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,985 | 3.38% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,605 | 2.50% |
| Alice, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,604 | 3.63% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,356 | 2.75% |
| Elk City, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,880 | 3.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,909 | 3.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,768 | 2.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,650 | 4.63% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,023 | 3.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against American Mortgage Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2020, American Mortgage Bank's most frequently originated type of loan was Conventional, with 380 originations. Their 2nd most popular type was FHA, with 298 originations.
Loan Reason
For 2020, American Mortgage Bank's most frequently cited loan purpose was Home Purchase, with 488 originations. The 2nd most popular reason was Refi, with 201 originations.
Loan Duration/Length
For 2020, American Mortgage Bank's most frequently cited loan duration was 30 Year, with 659 originations. The 2nd most popular length was 15 Year, with 44 originations.
Origination Fees/Closing Costs
American Mortgage Bank's average total fees were $5,820, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 588 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 369 | $71,585,000 | $193,997 |
| 2.5-3% | 216 | $44,440,000 | $205,741 |
| <2.5% | 126 | $24,610,000 | $195,317 |
| 4-5% | 28 | $5,200,000 | $185,714 |
| 5-6% | 1 | $235,000 | $235,000 |
During 2020, American Mortgage Bank's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 3-4%, with 369 originations.
Loan Sizing
2020 saw American Mortgage Bank place emphasis on $100k-200k loans with 397 originations, totaling $60,605,000 in origination value.
Applicant Income
American Mortgage Bank lent most frequently to those with incomes in the $50k or less range, with 232 originations. The second most popular income band? $50k-75k, with 217 originations.
Applicant Debt to Income Ratio
American Mortgage Bank lent most frequently to those with DTI ratios of 30-36%, with 154 originations. The next most common DTI ratio? 20-30%, with 127 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.97%
American Mortgage Bank has an average approval rate.
Pick Rate
Approvals leading to origination64.86%
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 | 740 | $146,070,000 | $197,392 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 24 | $4,040,000 | $168,333 |
| Single Family (1-4 Units):Site-Built | 716 | $142,030,000 | $198,366 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN BANCSHARES MORTGAGE, LLC | FHA mortgage | Closing on a mortgage | 1 | 50.0% |
| AMERICAN BANCSHARES MORTGAGE, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |