American Bank Mortgage Rates, Fees & Info
Allentown, PALEI: 5493000V0CXKSOK29E51
Tax ID: 23-2852733
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
134Origination Dollar Volume (All Markets)
$42,610,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Their top states include:
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
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
2022 saw American Bank place emphasis on $100k-200k loans with 38 originations, totaling $5,430,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications85.54%
American Bank has an average approval rate.
Pick Rate
Approvals leading to origination94.78%
American Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 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% |