American Exchange Bank Mortgage Rates, Fees & Info
HENRYETTA, OKLEI: 5493008O0BGTGQR8PF89
Tax ID: 73-0126300
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Mortgage Data
Review & Overview
American Exchange Bank is a smaller bank specializing in Refi and Home Purchase 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, Muskogee, Shawnee, and Mcalester among others. We have data for 5 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
69Origination Dollar Volume (All Markets)
$7,855,000Top 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) | 42 | $4,100,000 | $97,619 | $0 | 0.00% |
| Outside of Metro Areas | 23 | $3,115,000 | $135,435 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $7,775,000 | $127,459 | $0 | 0.00% |
| FHA | 8 | $80,000 | $10,000 | $0 | 0.00% |
For 2024, American Exchange Bank's most frequently originated type of loan was Conventional, with 61 originations. Their 2nd most popular type was FHA, with 8 originations.
Loan Reason
For 2024, American Exchange Bank's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $7,855,000 | $113,841 | $0 | 0.00% |
For 2024, American Exchange Bank's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2024 saw American Exchange Bank place emphasis on $100,000 or less loans with 39 originations, totaling $1,935,000 in origination value.
Applicant Income
American Exchange Bank lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $7,855,000 | $113,841 | $0 | 0.00% |
American Exchange Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.67%
American Exchange Bank has an average approval rate.
Pick Rate
Approvals leading to origination68.12%
American Exchange Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $7,855,000 | $113,841 |