American Exchange Bank Mortgage Rates, Fees & Info

HENRYETTA, OK

LEI: 5493008O0BGTGQR8PF89

Tax ID: 73-0126300

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    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 an average proportion of FHA loans. Their top markets by origination volume include: Tulsa, Ada, Oklahoma City, and Muskogee 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 above average approval rate when compared to the average across all lenders.

    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.

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    Originations

    100

    Origination Dollar Volume (All Markets)

    $7,730,000

    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) 77 $5,095,000 $66,169 $1,111 5.81%
    Outside of Metro Areas 18 $2,220,000 $123,333 $10 5.55%
    Ada, OK (FHA|USDA|VA) 1 $355,000 $355,000 $0 5.40%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $45,000 $15,000 $0 5.92%
    Muskogee, OK (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.52%
    American Exchange Bank's top markets include Tulsa, Ada, Oklahoma City, and Muskogee among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $6,890,000 $107,656 $10 5.52%
    FHA 36 $840,000 $23,333 $1,111 6.19%

    For 2018, American Exchange Bank's most frequently originated type of loan was Conventional, with 64 originations. Their 2nd most popular type was FHA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 41 $1,025,000 $25,000 $1,111 6.08%
    Home Purchase 28 $2,860,000 $102,143 $0 5.55%
    Refi 24 $3,000,000 $125,000 $10 5.47%
    Other 5 $535,000 $107,000 $0 5.95%
    Cash Out Refi 2 $310,000 $155,000 $0 5.04%

    For 2018, American Exchange Bank's most frequently cited loan purpose was Home Improvement, with 41 originations. The 2nd most popular reason was Home Purchase, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $5,870,000 $122,292 $0 5.29%
    10 Year 34 $440,000 $12,941 $1,111 6.20%
    5 Year 11 $585,000 $53,182 $10 6.21%
    3 Year 4 $200,000 $50,000 $0 6.80%
    1 Year 3 $635,000 $211,667 $0 5.19%

    For 2018, American Exchange Bank's most frequently cited loan duration was Other, with 48 originations. The 2nd most popular length was 10 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1 $95,000 $95,000

    American Exchange Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 69 $5,815,000 $84,275
    6-7% 15 $485,000 $32,333
    4-5% 8 $1,390,000 $173,750
    7-8% 8 $40,000 $5,000

    During 2018, American Exchange Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $2,515,000 $33,533 $561 5.92%
    $100k-200k 15 $2,105,000 $140,333 $0 5.26%
    $200k-400k 8 $2,300,000 $287,500 $0 5.28%
    $400k-600k 2 $810,000 $405,000 $0 5.47%

    2018 saw American Exchange Bank place emphasis on $100,000 or less loans with 75 originations, totaling $2,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 47 $2,675,000 $56,915 $561 5.68%
    $50k-75k 17 $705,000 $41,471 $0 6.01%
    $100k-150k 13 $2,145,000 $165,000 $0 5.55%
    $75k-100k 13 $1,335,000 $102,692 $0 5.38%
    $150k-250k 2 $610,000 $305,000 $0 5.39%
    $250k+ 2 $80,000 $40,000 $0 6.80%

    American Exchange Bank lent most frequently to those with incomes in the $50k or less range, with 47 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $1,045,000 $61,471 $0 5.47%
    30-36% 16 $1,070,000 $66,875 $0 5.49%
    Exempt% 12 $1,200,000 $100,000 $1,111 5.85%
    <20% 11 $445,000 $40,455 $10 6.11%
    48% 4 $510,000 $127,500 $0 5.99%
    49% 4 $230,000 $57,500 $0 5.59%
    50-60% 4 $140,000 $35,000 $0 5.93%
    43% 4 $370,000 $92,500 $0 5.25%
    45% 3 $885,000 $295,000 $0 5.30%
    39% 3 $125,000 $41,667 $0 5.48%
    46% 2 $200,000 $100,000 $0 5.55%
    44% 2 $170,000 $85,000 $0 5.23%
    38% 2 $100,000 $50,000 $0 5.74%
    36% 1 $35,000 $35,000 $0 5.42%
    40% 1 $345,000 $345,000 $0 5.28%
    42% 1 $25,000 $25,000 $0 5.31%
    47% 1 $15,000 $15,000 $0 5.22%
    >60% 1 $245,000 $245,000 $0 5.00%
    37% 1 $225,000 $225,000 $0 5.52%

    American Exchange Bank lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $6,055,000 $76,646 $561 5.74%
    American Indian 11 $1,175,000 $106,818 $0 5.30%
    Black 2 $250,000 $125,000 $0 5.68%
    Not applicable 8 $250,000 $31,250 $0 6.64%

    Approval Rates

    Total approvals of all applications
    100.00%

    American Exchange Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 28 $2,410,000 $86,071
    NA 72 $5,320,000 $73,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 15 $645,000 $43,000
    Single Family (1-4 Units):Site-Built 85 $7,085,000 $83,353

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $195,000 $39,000 $10 5.68%
    40-60% 18 $1,380,000 $76,667 $0 5.41%
    60-80% 27 $3,795,000 $140,556 $0 5.67%
    80-100% 11 $1,335,000 $121,364 $0 5.45%
    Over 100% 2 $360,000 $180,000 $0 5.18%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERICAN EXPRESS COMPANY Conventional home mortgage Trouble during payment process 1 50.0%
    AMERICAN EXPRESS COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 1 50.0%