American Exchange Bank Mortgage Rates, Fees & Info
HENRYETTA, OKLEI: 5493008O0BGTGQR8PF89
Tax ID: 73-0126300
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
American Exchange Bank is a smaller bank specializing in Home Purchase and Refi loans. American Exchange Bank 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.) Their top markets by origination volume include: Tulsa, Shawnee, Oklahoma City, Ponca City, and Muskogee among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)American Exchange Bank 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.
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Originations
104Origination Dollar Volume (All Markets)
$9,080,000Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 62 | $5,430,000 | $87,581 | $0 | 0.00% |
| Outside of Metro Areas | 34 | $2,760,000 | $81,176 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 0.00% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $8,875,000 | $104,412 | $0 | 0.00% |
| FHA | 19 | $205,000 | $10,789 | $0 | 0.00% |
For 2023, American Exchange Bank's most frequently originated type of loan was Conventional, with 85 originations. Their 2nd most popular type was FHA, with 19 originations.
Loan Reason
For 2023, American Exchange Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 104 | $9,080,000 | $87,308 | $0 | 0.00% |
For 2023, American Exchange Bank's most frequently cited loan duration was Other, with 104 originations.
Loan Sizing
2023 saw American Exchange Bank place emphasis on $100,000 or less loans with 73 originations, totaling $3,185,000 in origination value.
Applicant Income
American Exchange Bank lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $50k-75k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 104 | $9,080,000 | $87,308 | $0 | 0.00% |
American Exchange Bank lent most frequently to those with DTI ratios of Exempt%, with 104 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.01%
American Exchange Bank has an average approval rate.
Pick Rate
Approvals leading to origination71.15%
American Exchange Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 104 | $9,080,000 | $87,308 |