Amarillo National Bank Mortgage Rates, Fees & Info
Amarillo, TXLEI: 549300ASIS4D2QDWH380
Tax ID: 75-0109799
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Mortgage Data
Review & Overview
Amarillo National Bank is a smaller bank specializing in Home Purchase loans. Amarillo National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Amarillo, Lubbock, Dallas, Borger, and College Station among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)Amarillo National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Amarillo National Bank is typically an average 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.06% | 12/29/24 |
| 30 Year Conventional Refi | 6.85% | 12/29/24 |
| 30 Year Cash-out Refi | 7.06% | 12/29/24 |
| 30 Year FHA Purchase | 7.33% | 12/29/24 |
| 30 Year FHA Refi | 6.63% | 12/29/24 |
| 30 Year VA Purchase | 6.08% | 12/29/24 |
| 30 Year VA Refi | 5.94% | 12/29/24 |
| 30 Year USDA Purchase | 7.36% | 12/29/24 |
| 15 Year Conventional Purchase | 6.36% | 12/29/24 |
| 15 Year Conventional Refi | 6.15% | 12/29/24 |
| 15 Year Cash-out Refi | 6.15% | 12/29/24 |
| 15 Year FHA Purchase | 7.65% | 12/29/24 |
| 15 Year VA Refi | 5.68% | 12/29/24 |
| 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. | ||
Amarillo National Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Amarillo National Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,582Origination Dollar Volume (All Markets)
$299,900,000Awards
Amarillo National Bank - 2023
Amarillo National Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Amarillo National Bank's average 30 year fixed mortgage rate was
6.9%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.42%.
Relative Fees (Closing Costs)
Amarillo National Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,650.
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 $9,089.
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 |
|---|---|---|---|---|---|
| AMARILLO, TX (FHA|USDA|VA) | 1,078 | $189,780,000 | $176,048 | $5,475 | 7.59% |
| LUBBOCK, TX (FHA|USDA|VA) | 156 | $25,370,000 | $162,628 | $5,599 | 7.91% |
| Outside of Metro Areas | 81 | $17,905,000 | $221,049 | $5,172 | 7.32% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 35 | $14,685,000 | $419,571 | $6,822 | 7.51% |
| Borger, TX (FHA|USDA|VA) | 73 | $9,735,000 | $133,356 | $4,529 | 7.29% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 33 | $7,035,000 | $213,182 | $4,798 | 7.48% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $6,890,000 | $689,000 | $10,818 | 7.65% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $3,700,000 | $370,000 | $4,814 | 7.66% |
| Dumas, TX (FHA|USDA|VA) | 22 | $3,600,000 | $163,636 | $5,436 | 7.31% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $2,935,000 | $2,935,000 | $12,841 | 7.88% |
| Pampa, TX (FHA|USDA|VA) | 17 | $1,725,000 | $101,471 | $3,868 | 7.58% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $4,918 | 7.55% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,400,000 | $700,000 | $8,186 | 7.81% |
| Plainview, TX (FHA|USDA|VA) | 8 | $1,200,000 | $150,000 | $3,954 | 7.53% |
| TYLER, TX (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $9,707 | 8.13% |
| Hereford, TX (FHA|USDA|VA) | 7 | $1,055,000 | $150,714 | $3,405 | 7.68% |
| Branson, MO (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $5,486 | 8.00% |
| Durant, OK (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,856 | 6.56% |
| Levelland, TX (FHA|USDA|VA) | 8 | $670,000 | $83,750 | $2,838 | 8.94% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,048 | 8.88% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $12,177 | 7.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $6,175 | 7.63% |
| Brenham, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,621 | 8.75% |
| Clovis, NM (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $10,299 | 8.25% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,954 | 7.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,611 | 6.63% |
| Palestine, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,451 | 7.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,065 | 6.25% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,260 | 6.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,378 | 7.13% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,276 | 6.50% |
| Las Vegas, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,964 | 8.00% |
| Snyder, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,918 | 7.56% |
| Taos, NM (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 8.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,459 | 6.50% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,193 | 6.00% |
| ENID, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,481 | 7.13% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,963 | 7.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,836 | 6.50% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,688 | 7.56% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.50% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.25% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,254 | 6.38% |
| Paris, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,650 | 7.13% |
| TULSA, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,756 | 6.13% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,303 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Amarillo National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Amarillo National Bank's most frequently originated type of loan was Conventional, with 755 originations. Their 2nd most popular type was HELOC, with 618 originations.
Loan Reason
For 2023, Amarillo National Bank's most frequently cited loan purpose was Home Purchase, with 862 originations. The 2nd most popular reason was Other, with 610 originations.
Loan Duration/Length
For 2023, Amarillo National Bank's most frequently cited loan duration was 30 Year, with 821 originations. The 2nd most popular length was 15 Year, with 704 originations.
Origination Fees/Closing Costs
Amarillo National Bank's average total fees were $5,650, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 699 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 570 | $58,340,000 | $102,351 |
| 6-7% | 460 | $110,800,000 | $240,870 |
| 7-8% | 415 | $97,515,000 | $234,976 |
| 5-6% | 134 | $32,580,000 | $243,134 |
| 4-5% | 3 | $665,000 | $221,667 |
During 2023, Amarillo National Bank's average interest rate for loans was 6.90%, while their most frequently originated rate bucket for loans was Over 8%, with 570 originations.
Loan Sizing
2023 saw Amarillo National Bank place emphasis on $100,000 or less loans with 568 originations, totaling $31,760,000 in origination value.
Applicant Income
Amarillo National Bank lent most frequently to those with incomes in the $100k-150k range, with 416 originations. The second most popular income band? $75k-100k, with 275 originations.
Applicant Debt to Income Ratio
Amarillo National Bank lent most frequently to those with DTI ratios of 30-36%, with 256 originations. The next most common DTI ratio? 20-30%, with 243 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.04%
Amarillo National Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.99%
Amarillo National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,582 | $299,900,000 | $189,570 |