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 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, Kansas City, Beaumont, San Antonio, and Dallas among others. We have data for 49 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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
510Origination Dollar Volume (All Markets)
$103,230,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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 2021, American Mortgage Bank's most frequently originated type of loan was Conventional, with 245 originations. Their 2nd most popular type was FHA, with 235 originations.
Loan Reason
For 2021, American Mortgage Bank's most frequently cited loan purpose was Home Purchase, with 397 originations. The 2nd most popular reason was Refi, with 68 originations.
Loan Duration/Length
For 2021, American Mortgage Bank's most frequently cited loan duration was 30 Year, with 479 originations. The 2nd most popular length was 15 Year, with 20 originations.
Origination Fees/Closing Costs
American Mortgage Bank's average total fees were $5,966, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.14%, while their most frequently originated rate bucket for loans was 3-4%, with 226 originations.
Loan Sizing
2021 saw American Mortgage Bank place emphasis on $100k-200k loans with 264 originations, totaling $40,760,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.18%
American Mortgage Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.08%
American Mortgage Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 510 | $103,230,000 | $202,412 |
LTV Distribution
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% |