American State Bank Mortgage Rates, Fees & Info
Sioux Center, IALEI: 549300BNZVNK1XN85P72
Tax ID: 42-0318300
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Mortgage Data
Review & Overview
American State Bank is a smaller bank specializing in Home Purchase loans. American State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sioux Falls, Spirit Lake, Storm Lake, Ames, and Brookings among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)American State 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.
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Originations
269Origination Dollar Volume (All Markets)
$85,505,000Top Markets
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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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 208 | $44,030,000 | $211,683 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 18 | $23,420,000 | $1,301,111 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 13 | $9,235,000 | $710,385 | $0 | 0.00% |
| Storm Lake, IA (FHA|USDA|VA) | 3 | $2,485,000 | $828,333 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 0.00% |
| Brookings, SD (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 0.00% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Durango, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against American State 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 269 | $85,505,000 | $317,862 | $0 | 0.00% |
For 2024, American State Bank's most frequently originated type of loan was Conventional, with 269 originations.
Loan Reason
For 2024, American State Bank's most frequently cited loan purpose was Home Purchase, with 218 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 269 | $85,505,000 | $317,862 | $0 | 0.00% |
For 2024, American State Bank's most frequently cited loan duration was Other, with 269 originations.
Loan Sizing
2024 saw American State Bank place emphasis on $100k-200k loans with 99 originations, totaling $15,595,000 in origination value.
Applicant Income
American State Bank lent most frequently to those with incomes in the $50k-75k range, with 58 originations. The second most popular income band? $100k-150k, with 56 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 269 | $85,505,000 | $317,862 | $0 | 0.00% |
American State Bank lent most frequently to those with DTI ratios of Exempt%, with 269 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.56%
American State Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.99%
American State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 269 | $85,505,000 | $317,862 |