American Bank Of Commerce Mortgage Rates, Fees & Info
Wolfforth, TXLEI: 5493006XE7ZLYUW25E11
Tax ID: 75-1095067
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
American Bank Of Commerce is a smaller bank specializing in Home Purchase and Refi loans. American Bank Of Commerce has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Dallas, Austin, Lubbock, Santa Fe, and Pueblo among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)American Bank Of Commerce 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 Bank Of Commerce 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.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.17% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 4/5/25 |
| 30 Year FHA Purchase | 7.31% | 4/5/25 |
| 30 Year VA Purchase | 6.85% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.59% | 4/5/25 |
| 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 Bank Of Commerce Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from American Bank Of Commerce. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
34Origination Dollar Volume (All Markets)
$23,580,000Relative Rate
American Bank Of Commerce's average 30 year fixed mortgage rate was
6.7%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.15%.
Relative Fees (Closing Costs)
American Bank Of Commerce's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,290.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $9,055,000 | $1,293,571 | $9,976 | 7.52% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $7,430,000 | $1,238,333 | $12,474 | 7.71% |
| Outside of Metro Areas | 6 | $2,710,000 | $451,667 | $7,428 | 7.44% |
| LUBBOCK, TX (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $3,467 | 7.22% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $8,657 | 7.48% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,079 | 8.46% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $7,135 | 7.67% |
| Bonham, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $18,453 | 5.63% |
| VICTORIA, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,493 | 6.56% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,561 | 6.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against American Bank of Commerce based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 133
Similarity Rank: 468
Similarity Rank: 800
Similarity Rank: 850
Similarity Rank: 916
Similarity Rank: 988
Similarity Rank: 994
Similarity Rank: 1035
Similarity Rank: 1152
Similarity Rank: 1603
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $21,545,000 | $797,963 | $5,699 | 7.74% |
| FHA | 6 | $1,540,000 | $256,667 | $12,520 | 6.50% |
| VA | 1 | $495,000 | $495,000 | $17,814 | 6.50% |
For 2024, American Bank Of Commerce's most frequently originated type of loan was Conventional, with 27 originations. Their 2nd most popular type was FHA, with 6 originations.
Loan Reason
For 2024, American Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
For 2024, American Bank Of Commerce's most frequently cited loan duration was 30 Year, with 16 originations. The 2nd most popular length was 10 Year, with 9 originations.
Origination Fees/Closing Costs
American Bank Of Commerce's average total fees were $9,290, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 13 | $4,285,000 | $329,615 |
| 7-8% | 11 | $7,765,000 | $705,909 |
| Over 8% | 8 | $11,040,000 | $1,380,000 |
| 5-6% | 2 | $490,000 | $245,000 |
During 2024, American Bank Of Commerce's average interest rate for loans was 6.70%, while their most frequently originated rate bucket for loans was 6-7%, with 13 originations.
Loan Sizing
2024 saw American Bank Of Commerce place emphasis on $200k-400k loans with 10 originations, totaling $2,780,000 in origination value.
Applicant Income
American Bank Of Commerce lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
American Bank Of Commerce lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.54%
American Bank Of Commerce has a below average approval rate.
Pick Rate
Approvals leading to origination70.59%
American Bank Of Commerce has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 34 | $23,580,000 | $693,529 |