American Bank & Trust Company Mortgage Rates, Fees & Info
Opelousas, LALEI: 549300E8WNDXIPI7FA49
Tax ID: 72-0510483
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
American Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. American Bank & Trust Company has a high proportion of conventional loans. American Bank & Trust Company has a low ratio of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, Baton Rouge, and New Orleans among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)American Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
86Origination Dollar Volume (All Markets)
$16,690,000Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 57 | $10,875,000 | $190,789 | $4,018 | 6.88% |
| Opelousas, LA (FHA|USDA|VA) | 25 | $4,475,000 | $179,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $255,000 | $255,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $16,515,000 | $194,294 | $0 | 0.00% |
| Conventional | 1 | $175,000 | $175,000 | $4,018 | 6.88% |
For 2024, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 85 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2024, American Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $16,515,000 | $194,294 | $0 | 0.00% |
| 1 Year | 1 | $175,000 | $175,000 | $4,018 | 6.88% |
For 2024, American Bank & Trust Company's most frequently cited loan duration was Other, with 85 originations. The 2nd most popular length was 1 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $175,000 | $175,000 |
American Bank & Trust Company's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1 | $175,000 | $175,000 |
During 2024, American Bank & Trust Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 1 originations.
Loan Sizing
2024 saw American Bank & Trust Company place emphasis on $100,000 or less loans with 34 originations, totaling $2,000,000 in origination value.
Applicant Income
American Bank & Trust Company lent most frequently to those with incomes in the $75k-100k range, with 14 originations. The second most popular income band? $250k+, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 85 | $16,515,000 | $194,294 | $0 | 0.00% |
| 46% | 1 | $175,000 | $175,000 | $4,018 | 6.88% |
American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 85 originations. The next most common DTI ratio? 46%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.79%
American Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination94.19%
American Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 85 | $16,515,000 | $194,294 |
| NA | 1 | $175,000 | $175,000 |