American Plus Bank N.a. Mortgage Rates, Fees & Info
Arcadia, CALEI: 5493006P6GBZAI0Z3G19
Tax ID: 20-8502680
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
American Plus Bank N.a. is a smaller bank specializing in Refi and Home Purchase loans. American Plus Bank N.a. has a high proportion of conventional loans. Their top two markets are Los Angeles and Riverside .American Plus Bank N.a. 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.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
43Origination Dollar Volume (All Markets)
$25,655,000Top 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 |
---|---|---|---|---|---|
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 16 | $19,450,000 | $1,215,625 | $0 | 0.00% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 27 | $6,205,000 | $229,815 | $0 | 0.00% |
Their top states include:
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 43 | $25,655,000 | $596,628 | $0 | 0.00% |
For 2018, American Plus Bank N.a.'s most frequently originated type of loan was Conventional, with 43 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Refi | 30 | $8,660,000 | $288,667 | $0 | 0.00% |
Home Purchase | 10 | $13,870,000 | $1,387,000 | $0 | 0.00% |
Cash Out Refi | 3 | $3,125,000 | $1,041,667 | $0 | 0.00% |
For 2018, American Plus Bank N.a.'s most frequently cited loan purpose was Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 43 | $25,655,000 | $596,628 | $0 | 0.00% |
For 2018, American Plus Bank N.a.'s most frequently cited loan duration was Other, with 43 originations.
Loan Sizing
2018 saw American Plus Bank N.a. place emphasis on $100k-200k loans with 16 originations, totaling $2,740,000 in origination value.
Applicant Income
American Plus Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 43 | $25,655,000 | $596,628 | $0 | 0.00% |
American Plus Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 43 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.15%
American Plus Bank N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.07%
American Plus Bank N.a. has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 43 | $25,655,000 | $596,628 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Multifamily:Site-Built | 6 | $10,860,000 | $1,810,000 |
Single Family (1-4 Units):Site-Built | 37 | $14,795,000 | $399,865 |
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
AMERIS BANCORP | Other type of mortgage | Closing on a mortgage | 1 | 100.0% |