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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top two markets are Tulsa and Muskogee .

    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. They typically have relatively high 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.

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    Originations

    103

    Origination Dollar Volume (All Markets)

    $8,195,000

    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) 71 $5,575,000 $78,521 $0 5.97%
    Outside of Metro Areas 31 $2,585,000 $83,387 $0 5.64%
    Muskogee, OK (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.45%
    American Exchange Bank's top markets include Tulsa 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 73 $7,875,000 $107,877 $0 5.56%
    FHA 30 $320,000 $10,667 $0 6.63%

    For 2019, American Exchange Bank's most frequently originated type of loan was Conventional, with 73 originations. Their 2nd most popular type was FHA, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 38 $910,000 $23,947 $0 6.46%
    Home Purchase 31 $4,105,000 $132,419 $0 5.57%
    Refi 27 $2,935,000 $108,704 $0 5.56%
    Other 7 $245,000 $35,000 $0 5.18%

    For 2019, American Exchange Bank's most frequently cited loan purpose was Home Improvement, with 38 originations. The 2nd most popular reason was Home Purchase, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 54 $5,410,000 $100,185 $0 5.27%
    10 Year 30 $320,000 $10,667 $0 6.63%
    3 Year 11 $655,000 $59,545 $0 6.65%
    1 Year 5 $875,000 $175,000 $0 5.71%
    15 Year 2 $180,000 $90,000 $0 6.95%
    30 Year 1 $755,000 $755,000 $0 5.49%

    For 2019, American Exchange Bank's most frequently cited loan duration was 5 Year, with 54 originations. The 2nd most popular length was 10 Year, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 56 $5,890,000 $105,179
    7-8% 19 $95,000 $5,000
    4-5% 14 $1,300,000 $92,857
    6-7% 14 $910,000 $65,000

    During 2019, American Exchange Bank's average interest rate for loans was 5.49%, while their most frequently originated rate bucket for loans was 5-6%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 80 $2,970,000 $37,125 $0 6.01%
    $100k-200k 15 $2,045,000 $136,333 $0 5.41%
    $200k-400k 5 $1,295,000 $259,000 $0 5.20%
    $400k-600k 2 $1,130,000 $565,000 $0 5.60%
    $600k-1MM 1 $755,000 $755,000 $0 5.49%

    2019 saw American Exchange Bank place emphasis on $100,000 or less loans with 80 originations, totaling $2,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $1,685,000 $43,205 $0 6.09%
    $50k-75k 19 $1,075,000 $56,579 $0 5.52%
    $75k-100k 19 $1,745,000 $91,842 $0 5.81%
    $100k-150k 11 $1,005,000 $91,364 $0 5.60%
    $150k-250k 6 $1,550,000 $258,333 $0 5.33%

    American Exchange Bank lent most frequently to those with incomes in the $50k or less range, with 39 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
    20-30% 19 $1,585,000 $83,421 $0 5.46%
    <20% 16 $1,060,000 $66,250 $0 5.61%
    Exempt% 11 $345,000 $31,364 $0 6.37%
    30-36% 9 $865,000 $96,111 $0 5.57%
    50-60% 6 $1,020,000 $170,000 $0 5.82%
    39% 5 $165,000 $33,000 $0 5.98%
    48% 4 $310,000 $77,500 $0 6.01%
    42% 3 $195,000 $65,000 $0 5.74%
    47% 2 $20,000 $10,000 $0 6.28%
    45% 2 $20,000 $10,000 $0 6.27%
    41% 2 $660,000 $330,000 $0 5.42%
    43% 2 $50,000 $25,000 $0 5.02%
    36% 2 $150,000 $75,000 $0 5.34%
    46% 2 $310,000 $155,000 $0 5.32%
    >60% 2 $10,000 $5,000 $0 7.17%
    38% 1 $25,000 $25,000 $0 5.00%
    37% 1 $5,000 $5,000 $0 7.61%
    49% 1 $5,000 $5,000 $0 7.37%

    American Exchange Bank lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? <20%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $6,055,000 $78,636 $0 5.82%
    Not applicable 9 $1,135,000 $126,111 $0 6.49%
    American Indian 12 $700,000 $58,333 $0 5.69%
    Asian 2 $180,000 $90,000 $0 6.95%
    Black 3 $125,000 $41,667 $0 5.29%

    Approval Rates

    Total approvals of all applications
    81.01%

    American Exchange Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.73%

    American Exchange Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 21 $485,000 $23,095
    NA 82 $7,710,000 $94,024

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $540,000 $45,000
    Single Family (1-4 Units):Site-Built 91 $7,655,000 $84,121

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $200,000 $33,333 $0 5.16%
    40-60% 9 $675,000 $75,000 $0 5.22%
    60-80% 41 $5,195,000 $126,707 $0 5.60%
    80-100% 11 $1,475,000 $134,091 $0 5.69%
    Over 100% 2 $180,000 $90,000 $0 6.95%
    Under 20% 3 $135,000 $45,000 $0 5.34%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN BANCSHARES MORTGAGE, LLC Conventional home mortgage Trouble during payment process 1 100.0%