American Bank & Trust Company Mortgage Rates, Fees & Info
Opelousas, LALEI: 549300E8WNDXIPI7FA49
Tax ID: 72-0510483
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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, New Orleans, and Baton Rouge among others. We have data for 4 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.
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Originations
123Origination Dollar Volume (All Markets)
$21,065,000Top 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) | 78 | $12,340,000 | $158,205 | $2,319 | 7.13% |
| Opelousas, LA (FHA|USDA|VA) | 40 | $7,300,000 | $182,500 | $0 | 7.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 121 | $20,865,000 | $172,438 | $0 | 0.00% |
| Conventional | 2 | $200,000 | $100,000 | $2,319 | 7.31% |
For 2023, American Bank & Trust Company's most frequently originated type of loan was Conventional, with 121 originations. Their 2nd most popular type was Conventional, with 2 originations.
Loan Reason
For 2023, American Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 122 | $21,050,000 | $172,541 | $2,319 | 7.13% |
| 5 Year | 1 | $15,000 | $15,000 | $0 | 7.50% |
For 2023, American Bank & Trust Company's most frequently cited loan duration was Other, with 122 originations. The 2nd most popular length was 5 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $185,000 | $185,000 |
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 |
|---|---|---|---|
| 7-8% | 2 | $200,000 | $100,000 |
During 2023, American Bank & Trust Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 2 originations.
Loan Sizing
2023 saw American Bank & Trust Company place emphasis on $100k-200k loans with 49 originations, totaling $6,845,000 in origination value.
Applicant Income
American Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 121 | $20,865,000 | $172,438 | $0 | 0.00% |
| 39% | 1 | $185,000 | $185,000 | $2,319 | 7.13% |
American Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 121 originations. The next most common DTI ratio? 39%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.27%
American Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.12%
American Bank & Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 121 | $20,865,000 | $172,438 |
| NA | 2 | $200,000 | $100,000 |