American Bank And Trust Company Mortgage Rates, Fees & Info

Davenport, IA

LEI: 549300AQ83ZR1PW5DB53

Tax ID: 36-4256335

5 stars - Updated: 4/5/25 - out of 5 stars, based on 14 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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 Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. American Bank And Trust Company 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Davenport, Chicago, Iowa City, Clinton, and Galesburg among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Bank And Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. American Bank And Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.89% 4/5/25
    30 Year Conventional Refi 6.59% 4/5/25
    30 Year Cash-out Refi 6.70% 4/5/25
    30 Year FHA Purchase 7.45% 4/5/25
    30 Year VA Purchase 6.49% 4/5/25
    30 Year USDA Purchase 6.71% 4/5/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    American Bank And Trust Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from American Bank And Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    196

    Origination Dollar Volume (All Markets)

    $40,690,000

    Awards

    American Bank and Trust Company FHA Loans bronze American Bank and Trust Company 30 Year Conventional Loans silver American Bank and Trust Company FHA Loans gold American Bank and Trust Company VA Loans gold
    Show all (4) awards

    Relative Rate

    American Bank And Trust Company's average 30 year fixed mortgage rate was 6.02%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.53%.

    Relative Fees (Closing Costs)

    American Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $3,323.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 159 $27,705,000 $174,245 $2,851 6.24%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $8,255,000 $750,455 $3,842 7.70%
    IOWA CITY, IA (FHA|USDA|VA) 2 $1,090,000 $545,000 $2,807 6.44%
    Clinton, IA (FHA|USDA|VA) 4 $550,000 $137,500 $2,955 5.69%
    Galesburg, IL (FHA|USDA|VA) 1 $445,000 $445,000 $2,671 7.13%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $305,000 $305,000 $5,780 6.63%
    Outside of Metro Areas 3 $275,000 $91,667 $2,920 4.38%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $255,000 $255,000 $3,963 6.50%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $245,000 $245,000 $0 8.00%
    Sterling, IL (FHA|USDA|VA) 2 $220,000 $110,000 $2,611 7.50%
    ROCKFORD, IL (FHA|USDA|VA) 1 $215,000 $215,000 $0 8.50%
    Kirksville, MO (FHA|USDA|VA) 1 $185,000 $185,000 $2,910 5.88%
    Muscatine, IA (FHA|USDA|VA) 1 $155,000 $155,000 $2,877 5.99%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.99%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $3,340 6.38%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,177 6.50%
    Sault Ste. Marie, MI (FHA|USDA|VA) 1 $115,000 $115,000 $3,100 6.38%
    Pontiac, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,815 6.63%
    Dixon, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,163 6.63%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $55,000 $55,000 $813 8.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $25,000 $25,000 $958 7.75%
    American Bank And Trust Company's top markets include Davenport, Chicago, Iowa City, Clinton, and Galesburg among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against American Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 36
    GAS AND ELECTRIC CREDIT UNION
    Similarity Rank: 66
    R.I.A. Federal Credit Union
    Similarity Rank: 70
    Liberty Bank for Savings
    Similarity Rank: 79
    ASCENTRA
    Similarity Rank: 143
    First Credit Union
    Similarity Rank: 180
    DuTrac Community Credit Union
    Similarity Rank: 221
    THE FAMILY CREDIT UNION
    Similarity Rank: 270
    FINANCIAL PLUS
    Similarity Rank: 288
    I. H. MISSISSIPPI VALLEY CREDIT UNION
    Similarity Rank: 377

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 170 $35,740,000 $210,235 $2,305 6.35%
    FHA 12 $1,830,000 $152,500 $6,240 6.59%
    VA 11 $2,575,000 $234,091 $5,835 6.26%
    USDA 3 $545,000 $181,667 $5,439 6.04%

    For 2024, American Bank And Trust Company's most frequently originated type of loan was Conventional, with 170 originations. Their 2nd most popular type was FHA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 143 $27,585,000 $192,902 $3,197 6.03%
    Refi 28 $10,870,000 $388,214 $1,743 7.18%
    Cash Out Refi 13 $1,735,000 $133,462 $4,204 6.72%
    Other 12 $500,000 $41,667 $658 7.90%

    For 2024, American Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 147 $27,425,000 $186,565 $3,323 6.02%
    Other 39 $10,485,000 $268,846 $636 7.97%
    5 Year 5 $2,115,000 $423,000 $428 7.05%
    10 Year 3 $35,000 $11,667 $0 0.00%
    1 Year 1 $245,000 $245,000 $0 8.00%
    20 Year 1 $385,000 $385,000 $2,357 6.13%

    For 2024, American Bank And Trust Company's most frequently cited loan duration was 30 Year, with 147 originations. The 2nd most popular length was Other, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 100 $21,430,000 $214,300
    $<1k 56 $4,200,000 $75,000
    $2k-3k 14 $2,310,000 $165,000
    $3k-4k 5 $1,665,000 $333,000
    $4k-5k 1 $345,000 $345,000

    American Bank And Trust Company's average total fees were $3,323, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 100 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 93 $19,525,000 $209,946
    7-8% 55 $16,025,000 $291,364
    5-6% 21 $4,245,000 $202,143
    <2.5% 16 $120,000 $7,500
    Over 8% 11 $775,000 $70,455

    During 2024, American Bank And Trust Company's average interest rate for loans was 6.02%, while their most frequently originated rate bucket for loans was 6-7%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 70 $9,540,000 $136,286 $3,434 6.76%
    $100,000 or less 58 $2,570,000 $44,310 $1,170 5.34%
    $200k-400k 48 $13,150,000 $273,958 $3,863 6.68%
    $400k-600k 13 $6,155,000 $473,462 $4,498 7.13%
    $600k-1MM 4 $3,020,000 $755,000 $2,917 6.44%
    $1MM+ 3 $6,255,000 $2,085,000 $7,550 7.75%

    2024 saw American Bank And Trust Company place emphasis on $100k-200k loans with 70 originations, totaling $9,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 43 $5,135,000 $119,419 $2,826 5.61%
    $75k-100k 43 $6,055,000 $140,814 $2,898 5.78%
    $100k-150k 39 $7,525,000 $192,949 $3,125 7.04%
    $50k or less 28 $2,500,000 $89,286 $2,760 6.18%
    $150k-250k 20 $5,420,000 $271,000 $2,670 7.07%
    $250k+ 13 $6,115,000 $470,385 $3,431 6.92%

    American Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $75k-100k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 37 $7,655,000 $206,892 $2,886 6.23%
    20-30% 26 $4,410,000 $169,615 $2,595 6.73%
    36% 13 $1,955,000 $150,385 $3,029 6.07%
    49% 11 $2,185,000 $198,636 $2,660 6.62%
    <20% 10 $2,090,000 $209,000 $2,629 6.30%
    38% 10 $1,690,000 $169,000 $3,476 6.06%
    39% 10 $920,000 $92,000 $2,985 4.86%
    42% 10 $1,370,000 $137,000 $2,966 6.00%
    44% 8 $1,460,000 $182,500 $3,459 6.70%
    37% 8 $880,000 $110,000 $2,721 6.08%
    48% 7 $1,155,000 $165,000 $3,306 4.21%
    41% 7 $1,015,000 $145,000 $2,990 6.12%
    43% 7 $1,375,000 $196,429 $3,202 7.23%
    40% 6 $1,030,000 $171,667 $2,247 6.04%
    47% 5 $515,000 $103,000 $2,493 7.28%
    46% 5 $915,000 $183,000 $3,234 7.50%
    45% 5 $1,405,000 $281,000 $3,201 7.35%
    50-60% 2 $250,000 $125,000 $444 7.88%

    American Bank And Trust Company lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 172 $34,980,000 $203,372 $2,888 6.44%
    Not applicable 4 $1,700,000 $425,000 $0 7.32%
    Asian 8 $1,620,000 $202,500 $2,730 6.92%
    Not provided 7 $1,595,000 $227,857 $3,200 4.71%
    Black 5 $795,000 $159,000 $2,696 4.05%

    Approval Rates

    Total approvals of all applications
    90.52%

    American Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.37%

    American Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 196 $40,690,000 $207,602

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    196 $40,690,000 $207,602

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,215,000 $93,462 $1,193 7.63%
    40-60% 13 $3,175,000 $244,231 $2,769 6.59%
    60-80% 58 $19,370,000 $333,966 $2,978 6.98%
    80-100% 80 $16,030,000 $200,375 $4,120 6.60%
    Over 100% 1 $145,000 $145,000 $5,540 6.88%
    Under 20% 28 $700,000 $25,000 $282 3.48%