American Exchange Bank Mortgage Rates, Fees & Info

HENRYETTA, OK

LEI: 5493008O0BGTGQR8PF89

Tax ID: 73-0126300

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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

104

Origination Dollar Volume (All Markets)

$9,080,000

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
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%
American Exchange Bank's top markets include Tulsa, Shawnee, Oklahoma City, Ponca City, and Muskogee among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $3,460,000 $101,765 $0 0.00%
    Refi 33 $4,515,000 $136,818 $0 0.00%
    Home Improvement 23 $365,000 $15,870 $0 0.00%
    Other 13 $705,000 $54,231 $0 0.00%
    Cash Out Refi 1 $35,000 $35,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $3,185,000 $43,630 $0 0.00%
    $100k-200k 23 $3,195,000 $138,913 $0 0.00%
    $200k-400k 7 $2,265,000 $323,571 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 35 $1,885,000 $53,857 $0 0.00%
    $50k-75k 19 $1,325,000 $69,737 $0 0.00%
    $100k-150k 18 $1,740,000 $96,667 $0 0.00%
    $75k-100k 16 $1,190,000 $74,375 $0 0.00%
    $150k-250k 6 $1,100,000 $183,333 $0 0.00%
    $250k+ 3 $545,000 $181,667 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $5,505,000 $79,783 $0 0.00%
    American Indian 19 $1,565,000 $82,368 $0 0.00%
    Not applicable 7 $1,295,000 $185,000 $0 0.00%
    Black 7 $585,000 $83,571 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%
    Asian Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.01%

    American Exchange Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.15%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    104 $9,080,000 $87,308