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, Dallas, Beaumont, and Houston among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)American Mortgage Bank has an 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% | 6/26/24 |
| 30 Year Conventional Refi | 6.10% | 6/26/24 |
| 30 Year Cash-out Refi | 6.71% | 6/26/24 |
| 30 Year FHA Purchase | 7.61% | 6/26/24 |
| 30 Year FHA Refi | 6.27% | 6/26/24 |
| 30 Year VA Purchase | 7.03% | 6/26/24 |
| 30 Year USDA Purchase | 6.51% | 6/26/24 |
| 15 Year Conventional Purchase | 6.58% | 6/26/24 |
| 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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This is not an official calculator from American Mortgage Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
347Origination Dollar Volume (All Markets)
$74,665,000Top 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) | 237 | $48,395,000 | $204,198 | $7,198 | 5.07% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 32 | $8,970,000 | $280,313 | $9,574 | 5.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 17 | $4,675,000 | $275,000 | $7,552 | 5.57% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 9 | $1,665,000 | $185,000 | $7,334 | 5.11% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $8,260 | 5.38% |
| Outside of Metro Areas | 8 | $1,030,000 | $128,750 | $6,648 | 4.58% |
| TULSA, OK (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $9,949 | 6.18% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $8,837 | 4.08% |
| Shawnee, OK (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $7,620 | 5.46% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $13,583 | 5.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $6,035 | 4.38% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $8,169 | 5.88% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $12,111 | 4.75% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $13,698 | 5.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,644 | 5.63% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,202 | 5.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,119 | 3.99% |
| DALTON, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,703 | 6.13% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,965 | 4.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $18,933 | 6.75% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,273 | 3.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,338 | 5.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $17,320 | 5.38% |
| LAWTON, OK (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,305 | 4.06% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,712 | 4.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,416 | 6.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,801 | 5.75% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,952 | 3.63% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,735 | 6.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,920 | 4.49% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,896 | 5.25% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,607 | 3.88% |
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 2022, American Mortgage Bank's most frequently originated type of loan was Conventional, with 197 originations. Their 2nd most popular type was FHA, with 145 originations.
Loan Reason
For 2022, American Mortgage Bank's most frequently cited loan purpose was Home Purchase, with 320 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
For 2022, American Mortgage Bank's most frequently cited loan duration was 30 Year, with 341 originations. The 2nd most popular length was 20 Year, with 4 originations.
Origination Fees/Closing Costs
American Mortgage Bank's average total fees were $7,653, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 150 originations.
Interest Rates
During 2022, American Mortgage Bank's average interest rate for loans was 5.13%, while their most frequently originated rate bucket for loans was 5-6%, with 140 originations.
Loan Sizing
2022 saw American Mortgage Bank place emphasis on $100k-200k loans with 157 originations, totaling $25,005,000 in origination value.
Applicant Income
American Mortgage Bank lent most frequently to those with incomes in the $50k-75k range, with 121 originations. The second most popular income band? $50k or less, with 106 originations.
Applicant Debt to Income Ratio
American Mortgage Bank lent most frequently to those with DTI ratios of 30-36%, with 60 originations. The next most common DTI ratio? 50-60%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.67%
American Mortgage Bank has an average approval rate.
Pick Rate
Approvals leading to origination75.50%
American Mortgage Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 347 | $74,665,000 | $215,173 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |