Amarillo National Bank Mortgage Rates, Fees & Info

Amarillo, TX

LEI: 549300ASIS4D2QDWH380

Tax ID: 75-0109799

5 stars - Updated: 7/11/24 - out of 5 stars, based on 40 reviews

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

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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.

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

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.06% 7/11/24
30 Year Conventional Refi 6.85% 7/11/24
30 Year Cash-out Refi 7.06% 7/11/24
30 Year FHA Purchase 7.33% 7/11/24
30 Year FHA Refi 6.63% 7/11/24
30 Year VA Purchase 6.08% 7/11/24
30 Year VA Refi 5.94% 7/11/24
30 Year USDA Purchase 7.36% 7/11/24
15 Year Conventional Purchase 6.36% 7/11/24
15 Year Conventional Refi 6.15% 7/11/24
15 Year Cash-out Refi 6.15% 7/11/24
15 Year FHA Purchase 7.65% 7/11/24
15 Year VA Refi 5.68% 7/11/24
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

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

This is not an official calculator from Amarillo National Bank. 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

1,582

Origination Dollar Volume (All Markets)

$299,900,000
Show all (11) awards

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%
Amarillo National Bank's top markets include Amarillo, Lubbock, Dallas, Borger, and College Station among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • 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.

    SOUTHERN LENDING SERVICES, LTD.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 755 $200,235,000 $265,212 $4,617 7.09%
    HELOC 618 $54,030,000 $87,427 n/a 8.57%
    FHA 171 $35,635,000 $208,392 $8,079 6.60%
    VA 36 $9,720,000 $270,000 $7,055 6.20%
    USDA 2 $280,000 $140,000 $5,524 5.63%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 862 $226,060,000 $262,251 $5,647 6.87%
    Other 610 $55,530,000 $91,033 $2,389 8.56%
    Cash Out Refi 64 $8,770,000 $137,031 $3,931 8.10%
    Refi 32 $7,780,000 $243,125 $4,291 6.78%
    Home Improvement 14 $1,760,000 $125,714 $1,600 9.29%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 821 $220,375,000 $268,423 $5,650 6.90%
    15 Year 704 $71,060,000 $100,938 $4,243 8.33%
    5 Year 18 $2,720,000 $151,111 $704 8.86%
    Other 17 $3,055,000 $179,706 $1,605 9.56%
    10 Year 11 $675,000 $61,364 $2,190 6.70%
    20 Year 8 $1,370,000 $171,250 $4,775 6.84%
    3 Year 3 $645,000 $215,000 $0 9.00%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 699 $177,415,000 $253,813
    $1k-2k 93 $30,825,000 $331,452
    $2k-3k 31 $7,365,000 $237,581
    $5k+ 29 $9,015,000 $310,862
    $3k-4k 21 $5,575,000 $265,476
    $4k-5k 16 $4,210,000 $263,125

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 568 $31,760,000 $55,915 $2,870 8.37%
    $100k-200k 468 $68,810,000 $147,030 $4,733 7.40%
    $200k-400k 417 $114,075,000 $273,561 $6,015 6.92%
    $400k-600k 86 $41,120,000 $478,140 $6,821 6.88%
    $600k-1MM 29 $20,365,000 $702,241 $6,413 7.01%
    $1MM+ 14 $23,770,000 $1,697,857 $11,127 7.96%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 416 $75,300,000 $181,010 $5,678 7.54%
    $75k-100k 275 $40,775,000 $148,273 $5,478 7.49%
    $150k-250k 268 $56,360,000 $210,299 $5,285 7.69%
    $50k-75k 261 $31,745,000 $121,628 $4,957 7.51%
    $250k+ 168 $78,180,000 $465,357 $6,450 7.48%
    $50k or less 155 $10,855,000 $70,032 $3,913 7.84%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 256 $50,380,000 $196,797 $5,000 7.46%
    20-30% 243 $39,885,000 $164,136 $4,620 7.41%
    44% 146 $18,550,000 $127,055 $4,632 8.11%
    45% 112 $15,040,000 $134,286 $5,729 8.23%
    <20% 90 $18,250,000 $202,778 $4,484 7.34%
    43% 87 $16,295,000 $187,299 $5,693 7.86%
    38% 77 $15,435,000 $200,455 $5,309 7.61%
    42% 76 $11,570,000 $152,237 $5,289 7.73%
    41% 71 $11,985,000 $168,803 $6,249 7.73%
    40% 62 $11,050,000 $178,226 $6,456 7.69%
    37% 57 $18,015,000 $316,053 $6,288 7.60%
    50-60% 52 $12,400,000 $238,462 $8,618 6.73%
    36% 52 $12,240,000 $235,385 $4,866 7.53%
    39% 50 $8,950,000 $179,000 $5,010 7.50%
    49% 39 $9,685,000 $248,333 $5,581 7.05%
    47% 31 $7,105,000 $229,194 $5,086 7.09%
    48% 30 $10,250,000 $341,667 $5,811 7.13%
    46% 29 $7,735,000 $266,724 $5,106 6.91%
    >60% 2 $640,000 $320,000 $12,817 7.75%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,328 $253,790,000 $191,107 $5,352 7.58%
    Not provided 127 $20,915,000 $164,685 $5,455 7.66%
    Asian 51 $9,985,000 $195,784 $5,355 7.41%
    American Indian 34 $6,020,000 $177,059 $6,180 7.55%
    Black 28 $5,090,000 $181,786 $5,649 7.37%
    Not applicable 13 $3,295,000 $253,462 $0 8.89%
    Native Hawaiian or Islander 1 $805,000 $805,000 $0 8.00%

    Approval Rates

    Total approvals of all applications
    91.04%

    Amarillo National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.99%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,582 $299,900,000 $189,570

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 294 $29,730,000 $101,122 $2,705 8.40%
    40-60% 175 $37,775,000 $215,857 $4,653 7.64%
    60-80% 298 $74,300,000 $249,329 $4,812 7.21%
    80-100% 551 $143,025,000 $259,574 $6,031 6.88%
    Over 100% 7 $1,885,000 $269,286 $13,601 7.07%
    Under 20% 257 $13,185,000 $51,304 $1,305 8.61%