American Bank Mortgage Rates, Fees & Info

Allentown, PA

LEI: 5493000V0CXKSOK29E51

Tax ID: 23-2852733

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Mortgage Data

Review & Overview

American Bank is a smaller bank specializing in Home Purchase and Refi loans. American Bank has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Philadelphia, Reading, East Stroudsburg, and Lancaster among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

134

Origination Dollar Volume (All Markets)

$42,610,000

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
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 90 $26,400,000 $293,333 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 32 $13,000,000 $406,250 $0 0.00%
READING, PA (FHA|USDA|VA) 4 $740,000 $185,000 $0 0.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
LANCASTER, PA (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
Outside of Metro Areas 1 $485,000 $485,000 $0 0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
PITTSBURGH, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
American Bank's top markets include Allentown, Philadelphia, Reading, East Stroudsburg, and Lancaster among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 134 $42,610,000 $317,985 $0 0.00%

    For 2022, American Bank's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $28,660,000 $387,297 $0 0.00%
    Refi 40 $9,920,000 $248,000 $0 0.00%
    Home Improvement 19 $3,985,000 $209,737 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2022, American Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 134 $42,610,000 $317,985 $0 0.00%

    For 2022, American Bank's most frequently cited loan duration was Other, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 38 $5,430,000 $142,895 $0 0.00%
    $200k-400k 37 $11,175,000 $302,027 $0 0.00%
    $100,000 or less 28 $1,600,000 $57,143 $0 0.00%
    $400k-600k 14 $6,930,000 $495,000 $0 0.00%
    $600k-1MM 9 $6,245,000 $693,889 $0 0.00%
    $1MM+ 8 $11,230,000 $1,403,750 $0 0.00%

    2022 saw American Bank place emphasis on $100k-200k loans with 38 originations, totaling $5,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 20 $6,810,000 $340,500 $0 0.00%
    $100k-150k 19 $4,485,000 $236,053 $0 0.00%
    $250k+ 14 $6,790,000 $485,000 $0 0.00%
    $75k-100k 13 $2,605,000 $200,385 $0 0.00%
    $50k or less 12 $1,190,000 $99,167 $0 0.00%
    $50k-75k 7 $1,625,000 $232,143 $0 0.00%

    American Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 134 $42,610,000 $317,985 $0 0.00%

    American Bank lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $20,685,000 $261,835 $0 0.00%
    Not applicable 44 $17,910,000 $407,045 $0 0.00%
    Asian 5 $2,635,000 $527,000 $0 0.00%
    Not provided 4 $1,110,000 $277,500 $0 0.00%
    Black 2 $270,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.54%

    American Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.78%

    American Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 134 $42,610,000 $317,985

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    134 $42,610,000 $317,985

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    AMERIS BANCORP Conventional home mortgage Trouble during payment process 1 100.0%