American Bank Mortgage Rates, Fees & InfoCorpus Christi, TX
Tax ID: 74-1650800
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewAmerican 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, Rockport, and San Diego among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)
American 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.
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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Origination Dollar Volume (All Markets)$79,990,000
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)||126||$44,130,000||$350,238||$0||0.00%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||15||$11,575,000||$771,667||$0||0.00%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||16||$9,040,000||$565,000||$0||0.00%|
|Rockport, TX (FHA|USDA|VA)||5||$2,435,000||$487,000||$0||0.00%|
|Outside of Metro Areas||5||$2,325,000||$465,000||$0||0.00%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||1||$1,775,000||$1,775,000||$0||0.00%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||3||$1,225,000||$408,333||$0||0.00%|
|Oak Harbor, WA (FHA|USDA|VA)||1||$1,055,000||$1,055,000||$0||0.00%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||2||$1,010,000||$505,000||$0||0.00%|
|Uvalde, TX (FHA|USDA|VA)||1||$1,005,000||$1,005,000||$0||0.00%|
|BOISE CITY, ID (FHA|USDA|VA)||1||$855,000||$855,000||$0||0.00%|
|MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA)||2||$840,000||$420,000||$0||0.00%|
|COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)||2||$730,000||$365,000||$0||0.00%|
|Kerrville, TX (FHA|USDA|VA)||1||$565,000||$565,000||$0||0.00%|
|REDDING, CA (FHA|USDA|VA)||2||$550,000||$275,000||$0||0.00%|
|WACO, TX (FHA|USDA|VA)||1||$405,000||$405,000||$0||0.00%|
|LUBBOCK, TX (FHA|USDA|VA)||1||$285,000||$285,000||$0||0.00%|
|VICTORIA, TX (FHA|USDA|VA)||1||$185,000||$185,000||$0||0.00%|
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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, American Bank's most frequently originated type of loan was Conventional, with 178 originations. Their 2nd most popular type was VA, with 5 originations.
For 2022, American Bank's most frequently cited loan purpose was Home Purchase, with 146 originations. The 2nd most popular reason was Refi, with 18 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, American Bank's most frequently cited loan duration was Other, with 186 originations.
2022 saw American Bank place emphasis on $200k-400k loans with 73 originations, totaling $21,325,000 in origination value.
American Bank lent most frequently to those with incomes in the $250k+ range, with 69 originations. The second most popular income band? $150k-250k, with 36 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
American Bank lent most frequently to those with DTI ratios of Exempt%, with 186 originations.
Approval RatesTotal approvals of all applications
American Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
American Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|AMERIS BANCORP||Conventional home mortgage||Trouble during payment process||1||100.0%|