American Bank Mortgage Rates, Fees & Info
Corpus Christi, TXLEI: 549300BRSSSUNB0U6552
Tax ID: 74-1650800
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Mortgage Data
Review & Overview
American Bank is a smaller bank specializing in Home Purchase loans. American 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 markets by origination volume include: Corpus Christi, Austin, San Antonio, Houston, and Fredericksburg among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)American 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.
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
239Origination Dollar Volume (All Markets)
$85,955,000Top 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 |
|---|---|---|---|---|---|
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 175 | $55,595,000 | $317,686 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 15 | $9,155,000 | $610,333 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 20 | $7,190,000 | $359,500 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $3,155,000 | $450,714 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $2,155,000 | $2,155,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,540,000 | $770,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| Montrose, CO (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Beeville, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Alice, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (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 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 | 235 | $84,625,000 | $360,106 | $0 | 0.00% |
| FHA | 4 | $1,330,000 | $332,500 | $0 | 0.00% |
For 2024, American Bank's most frequently originated type of loan was Conventional, with 235 originations. Their 2nd most popular type was FHA, with 4 originations.
Loan Reason
For 2024, American Bank's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Home Improvement, with 67 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 239 | $85,955,000 | $359,644 | $0 | 0.00% |
For 2024, American Bank's most frequently cited loan duration was Other, with 239 originations.
Loan Sizing
2024 saw American Bank place emphasis on $200k-400k loans with 61 originations, totaling $16,715,000 in origination value.
Applicant Income
American Bank lent most frequently to those with incomes in the $250k+ range, with 60 originations. The second most popular income band? $150k-250k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 239 | $85,955,000 | $359,644 | $0 | 0.00% |
American Bank lent most frequently to those with DTI ratios of Exempt%, with 239 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.42%
American Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.10%
American Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 239 | $85,955,000 | $359,644 |