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, 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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Originations
186Origination Dollar Volume (All Markets)
$79,990,000Top 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) | 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% |
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 | 178 | $77,990,000 | $438,146 | $0 | 0.00% |
| VA | 5 | $1,315,000 | $263,000 | $0 | 0.00% |
| FHA | 3 | $685,000 | $228,333 | $0 | 0.00% |
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.
Loan Reason
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 Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 186 | $79,990,000 | $430,054 | $0 | 0.00% |
For 2022, American Bank's most frequently cited loan duration was Other, with 186 originations.
Loan Sizing
2022 saw American Bank place emphasis on $200k-400k loans with 73 originations, totaling $21,325,000 in origination value.
Applicant Income
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 |
|---|---|---|---|---|---|
| Exempt% | 186 | $79,990,000 | $430,054 | $0 | 0.00% |
American Bank lent most frequently to those with DTI ratios of Exempt%, with 186 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.69%
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 origination86.56%
American Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 186 | $79,990,000 | $430,054 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |