Aimbank Mortgage Rates, Fees & Info

Littlefield, TX

LEI: 5493008ETO073AABH263

Tax ID: 75-0396855

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Aimbank is a smaller bank specializing in Home Purchase and Refi loans. Aimbank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Lubbock, Midland, Levelland, Amarillo, and Odessa among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Aimbank 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. Aimbank is typically a low 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.

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    Originations

    322

    Origination Dollar Volume (All Markets)

    $80,140,000

    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
    LUBBOCK, TX (FHA|USDA|VA) 72 $27,850,000 $386,806 $3,640 4.98%
    Outside of Metro Areas 60 $9,630,000 $160,500 $3,120 4.72%
    MIDLAND, TX (FHA|USDA|VA) 11 $8,715,000 $792,273 $4,830 4.20%
    Levelland, TX (FHA|USDA|VA) 30 $6,700,000 $223,333 $2,934 4.46%
    AMARILLO, TX (FHA|USDA|VA) 26 $4,730,000 $181,923 $3,145 4.41%
    ODESSA, TX (FHA|USDA|VA) 20 $4,520,000 $226,000 $6,491 4.57%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 10 $3,670,000 $367,000 $3,910 4.15%
    ABILENE, TX (FHA|USDA|VA) 18 $3,510,000 $195,000 $3,441 4.69%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $2,445,000 $2,445,000 $9,682 4.16%
    Snyder, TX (FHA|USDA|VA) 25 $2,125,000 $85,000 $1,502 5.28%
    Pampa, TX (FHA|USDA|VA) 28 $2,000,000 $71,429 $1,956 4.85%
    ALBUQUERQUE, NM (FHA|USDA|VA) 3 $645,000 $215,000 $2,529 4.13%
    Las Vegas, NM (FHA|USDA|VA) 1 $575,000 $575,000 $0 5.75%
    Ruidoso, NM (FHA|USDA|VA) 1 $555,000 $555,000 $0 3.70%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $365,000 $365,000 $4,079 3.00%
    Dumas, TX (FHA|USDA|VA) 2 $320,000 $160,000 $8,721 3.90%
    Andrews, TX (FHA|USDA|VA) 1 $255,000 $255,000 $1,053 4.51%
    Plainview, TX (FHA|USDA|VA) 2 $250,000 $125,000 $747 4.63%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $245,000 $245,000 $3,010 3.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,730 3.88%
    Big Spring, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.29%
    Granbury, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.25%
    Ardmore, OK (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.75%
    Borger, TX (FHA|USDA|VA) 2 $120,000 $60,000 $4,033 5.13%
    Clovis, NM (FHA|USDA|VA) 2 $90,000 $45,000 $0 6.04%
    Hereford, TX (FHA|USDA|VA) 1 $85,000 $85,000 $4,242 3.38%
    Aimbank's top markets include Lubbock, Midland, Levelland, Amarillo, and Odessa among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AIMBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Cooperative Teachers Credit Union
    Similarity Rank: 112
    Education Credit Union
    Similarity Rank: 208
    AMARILLO COMMUNITY
    Similarity Rank: 208
    Access Community Credit Union
    Similarity Rank: 275
    My Community Credit Union
    Similarity Rank: 350
    Texas Mortgage Lending, LLC
    Similarity Rank: 363
    Alliance Credit Union
    Similarity Rank: 522
    KELLY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 567
    CHEVRON
    Similarity Rank: 620
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 992

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 298 $76,540,000 $256,846 $3,029 4.77%
    FHA 16 $2,520,000 $157,500 $6,415 3.60%
    HELOC 4 $170,000 $42,500 n/a 6.38%
    VA 2 $630,000 $315,000 $4,318 3.69%
    USDA 2 $280,000 $140,000 $4,627 3.31%

    For 2020, Aimbank's most frequently originated type of loan was Conventional, with 298 originations. Their 2nd most popular type was FHA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 223 $54,315,000 $243,565 $4,185 4.78%
    Cash Out Refi 42 $6,960,000 $165,714 $1,971 4.59%
    Refi 37 $17,115,000 $462,568 $2,911 4.24%
    Home Improvement 13 $845,000 $65,000 $617 5.57%
    Other 7 $905,000 $129,286 $1,709 4.43%

    For 2020, Aimbank's most frequently cited loan purpose was Home Purchase, with 223 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 83 $14,495,000 $174,639 $1,891 5.70%
    30 Year 64 $13,190,000 $206,094 $4,659 3.76%
    15 Year 60 $12,070,000 $201,167 $2,644 4.07%
    10 Year 52 $25,430,000 $489,038 $1,294 5.01%
    20 Year 27 $6,135,000 $227,222 $2,987 3.94%
    5 Year 25 $5,565,000 $222,600 $9,682 5.41%
    1 Year 9 $3,135,000 $348,333 $0 5.53%
    3 Year 2 $120,000 $60,000 $0 5.38%

    For 2020, Aimbank's most frequently cited loan duration was Other, with 83 originations. The 2nd most popular length was 30 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 127 $25,065,000 $197,362
    $1k-2k 25 $6,015,000 $240,600

    Aimbank's average total fees were $4,659, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 127 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 112 $33,820,000 $301,964
    3-4% 96 $17,910,000 $186,563
    5-6% 58 $21,720,000 $374,483
    6-7% 40 $3,320,000 $83,000
    2.5-3% 12 $3,230,000 $269,167
    7-8% 4 $140,000 $35,000

    During 2020, Aimbank's average interest rate for loans was 3.76%, while their most frequently originated rate bucket for loans was 4-5%, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 144 $8,530,000 $59,236 $1,845 5.25%
    $100k-200k 85 $12,105,000 $142,412 $3,768 4.34%
    $200k-400k 59 $14,995,000 $254,153 $3,955 4.15%
    $400k-600k 19 $9,435,000 $496,579 $5,091 4.10%
    $1MM+ 8 $30,220,000 $3,777,500 $10,000 4.73%
    $600k-1MM 7 $4,855,000 $693,571 $6,033 4.81%

    2020 saw Aimbank place emphasis on $100,000 or less loans with 144 originations, totaling $8,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 42 $9,740,000 $231,905 $3,588 4.43%
    $100k-150k 40 $5,160,000 $129,000 $2,851 4.77%
    $250k+ 40 $15,790,000 $394,750 $4,100 4.52%
    $50k-75k 38 $4,400,000 $115,789 $2,944 4.15%
    $75k-100k 34 $4,300,000 $126,471 $3,915 4.43%
    $50k or less 33 $2,835,000 $85,909 $3,184 4.51%

    Aimbank lent most frequently to those with incomes in the $150k-250k range, with 42 originations. The second most popular income band? $100k-150k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 58 $10,070,000 $173,621 $2,825 4.21%
    30-36% 38 $5,920,000 $155,789 $2,862 4.18%
    <20% 36 $7,740,000 $215,000 $2,300 4.68%
    >60% 29 $2,675,000 $92,241 $0 5.81%
    50-60% 13 $2,385,000 $183,462 $8,289 4.56%
    39% 8 $1,780,000 $222,500 $3,776 4.15%
    36% 7 $1,215,000 $173,571 $4,652 4.58%
    38% 7 $1,645,000 $235,000 $4,163 3.95%
    40% 7 $3,715,000 $530,714 $4,831 4.12%
    41% 6 $1,200,000 $200,000 $3,676 3.95%
    43% 4 $660,000 $165,000 $5,705 3.47%
    42% 4 $710,000 $177,500 $2,788 3.68%
    49% 4 $1,050,000 $262,500 $4,648 4.28%
    44% 3 $435,000 $145,000 $4,075 4.88%
    48% 3 $945,000 $315,000 $4,615 3.42%
    47% 2 $210,000 $105,000 $3,686 4.11%
    45% 2 $430,000 $215,000 $4,304 4.00%
    37% 2 $330,000 $165,000 $3,311 4.52%

    Aimbank lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 206 $37,910,000 $184,029 $3,230 4.58%
    Not applicable 82 $35,530,000 $433,293 $0 5.38%
    Not provided 25 $5,805,000 $232,200 $4,525 3.82%
    Asian 6 $760,000 $126,667 $3,466 4.27%
    Black 3 $135,000 $45,000 $0 5.08%

    Approval Rates

    Total approvals of all applications
    84.98%

    Aimbank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.30%

    Aimbank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 322 $80,140,000 $248,882

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $22,135,000 $1,702,692
    Single Family (1-4 Units):Manufactured 17 $1,275,000 $75,000
    Single Family (1-4 Units):Site-Built 292 $56,730,000 $194,281

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $2,515,000 $76,212 $1,338 5.04%
    40-60% 52 $8,370,000 $160,962 $2,996 4.85%
    60-80% 142 $44,200,000 $311,268 $3,350 4.74%
    80-100% 79 $17,705,000 $224,114 $4,367 4.37%
    Over 100% 2 $3,460,000 $1,730,000 $0 5.77%
    Under 20% 12 $1,860,000 $155,000 $926 5.21%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Aimbank 219 East 7th Street Dalhart, TX 79022 Full Service B&M $2,969
    Aimbank 2458 Historic Route 66 Santa Rosa, NM 88435 Full Service B&M $32,319
    Aimbank 101 East Tucumcari 66 Boulevard Tucumcari, NM 88401 Full Service B&M $49,005
    Aimbank 101 West American Boulevard Muleshoe, TX 79347 Full Service B&M $127,404
    Aimbank 3004 Slide Road Lubbock, TX 79407 Full Service B&M $20,932
    Aimbank 102 East Waylon Jennings Boulevard Littlefield, TX 79339 Full Service B&M $1,632
    Aimbank 301 South Us Highway 54 Logan, NM 88426 Full Service B&M $24,037
    Aimbank 7281 Tres Hermanas Boulevard Odessa, TX 79765 Full Service B&M $233,110
    Aimbank 801 Avenue A Farwell, TX 79325 Full Service B&M $29,759
    Aimbank 1 First National Place Angel Fire, NM 87710 Full Service B&M $21,584
    Aimbank 100 South Main Miami, TX 79059 Full Service B&M $42,830
    Aimbank 110 College Avenue Levelland, TX 79336 Full Service B&M $252,469
    Aimbank 1104 South Second Street Raton, NM 87740 Full Service B&M $55,461
    Aimbank 1111 W Wall St Midland, TX 79701 Full Service B&M $68,676
    Aimbank 1224 North Hobart Pampa, TX 79065 Full Service B&M $113,816
    Aimbank 1505 U.S. Highway 82 Plains, TX 79355 Full Service B&M $16,219
    Aimbank 201 Main Street Clayton, NM 88415 Full Service B&M $67,672
    Aimbank 305 North Main Street Shamrock, TX 79079 Full Service B&M $60,901
    Aimbank 337 Phelps Avenue Littlefield, TX 79339 Full Service B&M $81,185
    Aimbank 3910 S. Treadaway Boulevard Abilene, TX 79602 Full Service B&M $82,550
    Aimbank 4704 College Avenue Snyder, TX 79549 Full Service Retail $68,437
    Aimbank 5701 Time Square Boulevard, Suite 120 Amarillo, TX 79119 Full Service B&M $19,006
    Aimbank 6502 Slide Road, Suite 110 Lubbock, TX 79424 Full Service B&M $180,801
    Aimbank 6506 19th Street Lubbock, TX 79407 Full Service B&M $10,832
    Aimbank 702 Donald Preston Drive Wolfforth, TX 79382 Full Service B&M $26,109

    For 2020, Aimbank had 25 branches.

    Yearly Performance Overview