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, Houston, Rockport, and San Antonio among others. We have data for 14 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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Originations
180Origination Dollar Volume (All Markets)
$76,260,000Top 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 |
|---|---|---|---|---|---|
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 122 | $49,180,000 | $403,115 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 19 | $10,665,000 | $561,316 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $3,470,000 | $578,333 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 5 | $2,865,000 | $573,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $2,465,000 | $821,667 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 11 | $2,115,000 | $192,273 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $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 | 174 | $74,590,000 | $428,678 | $0 | 0.00% |
| FHA | 5 | $1,385,000 | $277,000 | $0 | 0.00% |
| VA | 1 | $285,000 | $285,000 | $0 | 0.00% |
For 2023, American Bank's most frequently originated type of loan was Conventional, with 174 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
For 2023, American Bank's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 180 | $76,260,000 | $423,667 | $0 | 0.00% |
For 2023, American Bank's most frequently cited loan duration was Other, with 180 originations.
Loan Sizing
2023 saw American Bank place emphasis on $200k-400k loans with 53 originations, totaling $14,525,000 in origination value.
Applicant Income
American Bank lent most frequently to those with incomes in the $250k+ range, with 53 originations. The second most popular income band? $100k-150k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 180 | $76,260,000 | $423,667 | $0 | 0.00% |
American Bank lent most frequently to those with DTI ratios of Exempt%, with 180 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.81%
American Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.11%
American Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 180 | $76,260,000 | $423,667 |