American Nation Bank Mortgage Rates, Fees & Info

Ardmore, OK

LEI: 5493001YBS0V28ZNVE97

Tax ID: 73-1171113

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Mortgage Data

Review & Overview

American Nation Bank is a smaller bank specializing in Home Purchase loans. American Nation Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ardmore, Durant, Guymon, Dallas, and Crestview among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Nation 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.

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Originations

82

Origination Dollar Volume (All Markets)

$18,610,000

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
Ardmore, OK (FHA|USDA|VA) 49 $7,785,000 $158,878 $0 0.00%
Durant, OK (FHA|USDA|VA) 7 $2,865,000 $409,286 $0 0.00%
Guymon, OK (FHA|USDA|VA) 1 $2,655,000 $2,655,000 $0 0.00%
Outside of Metro Areas 10 $1,690,000 $169,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,520,000 $380,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $0 0.00%
Duncan, OK (FHA|USDA|VA) 6 $450,000 $75,000 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
AMARILLO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
LAWTON, OK (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
American Nation Bank's top markets include Ardmore, Durant, Guymon, Dallas, and Crestview among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $18,610,000 $226,951 $0 0.00%

    For 2023, American Nation Bank's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $15,335,000 $300,686 $0 0.00%
    Refi 16 $2,280,000 $142,500 $0 0.00%
    Home Improvement 11 $675,000 $61,364 $0 0.00%
    Other 4 $320,000 $80,000 $0 0.00%

    For 2023, American Nation Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 82 $18,610,000 $226,951 $0 0.00%

    For 2023, American Nation Bank's most frequently cited loan duration was Other, with 82 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $2,290,000 $60,263 $0 0.00%
    $100k-200k 20 $2,790,000 $139,500 $0 0.00%
    $200k-400k 10 $2,780,000 $278,000 $0 0.00%
    $400k-600k 6 $2,760,000 $460,000 $0 0.00%
    $600k-1MM 6 $4,310,000 $718,333 $0 0.00%
    $1MM+ 2 $3,680,000 $1,840,000 $0 0.00%

    2023 saw American Nation Bank place emphasis on $100,000 or less loans with 38 originations, totaling $2,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $2,860,000 $238,333 $0 0.00%
    $50k-75k 12 $1,450,000 $120,833 $0 0.00%
    $250k+ 10 $4,940,000 $494,000 $0 0.00%
    $50k or less 9 $445,000 $49,444 $0 0.00%
    $150k-250k 8 $1,850,000 $231,250 $0 0.00%
    $75k-100k 8 $810,000 $101,250 $0 0.00%

    American Nation Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 82 $18,610,000 $226,951 $0 0.00%

    American Nation Bank lent most frequently to those with DTI ratios of Exempt%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 56 $12,440,000 $222,143 $0 0.00%
    Not applicable 22 $5,820,000 $264,545 $0 0.00%
    American Indian 4 $350,000 $87,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.46%

    American Nation Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.05%

    American Nation Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 82 $18,610,000 $226,951

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    82 $18,610,000 $226,951