American Heritage National Bank Mortgage Rates, Fees & Info
Long Prairie, MNLEI: 549300G3WIMVDYUYQC27
Tax ID: 41-0138450
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Mortgage Data
Review & Overview
American Heritage National Bank is a smaller bank specializing in Home Purchase loans. American Heritage National Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Cloud, Minneapolis, New Ulm, Brainerd, and Cape Coral among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)American Heritage National Bank 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
113Origination Dollar Volume (All Markets)
$62,915,000Top 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 |
|---|---|---|---|---|---|
| ST. CLOUD, MN (FHA|USDA|VA) | 74 | $38,380,000 | $518,649 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 18 | $11,260,000 | $625,556 | $0 | 0.00% |
| New Ulm, MN (FHA|USDA|VA) | 1 | $6,205,000 | $6,205,000 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $2,775,000 | $252,273 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 3 | $1,955,000 | $651,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $0 | 0.00% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 113 | $62,915,000 | $556,770 | $0 | 0.00% |
For 2022, American Heritage National Bank's most frequently originated type of loan was Conventional, with 113 originations.
Loan Reason
For 2022, American Heritage National Bank's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 113 | $62,915,000 | $556,770 | $0 | 0.00% |
For 2022, American Heritage National Bank's most frequently cited loan duration was Other, with 113 originations.
Loan Sizing
2022 saw American Heritage National Bank place emphasis on $200k-400k loans with 35 originations, totaling $10,195,000 in origination value.
Applicant Income
American Heritage National Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 113 | $62,915,000 | $556,770 | $0 | 0.00% |
American Heritage National Bank lent most frequently to those with DTI ratios of Exempt%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.41%
American Heritage National 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 origination90.27%
American Heritage National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 113 | $62,915,000 | $556,770 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |