American National Bank And Trust Company Mortgage Rates, Fees & Info

Danville, VA

LEI: 549300HGXROE7ZUGMP55

Tax ID: 54-0121975

5 stars - Updated: 9/18/23 - out of 5 stars, based on 33 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    American National Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. American National Bank And Trust Company has a high proportion of conventional loans. They have a low ratio of USDA 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: Roanoke, Lynchburg, Greensboro, Burlington, and Danville among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American National Bank And 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. American National Bank And Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 9/18/23
    30 Year Conventional Purchase 6.49% 9/18/23
    30 Year Conventional Refi 6.45% 9/18/23
    30 Year Cash-out Refi 6.64% 9/18/23
    30 Year FHA Purchase 7.21% 9/18/23
    30 Year FHA Refi 6.27% 9/18/23
    30 Year VA Purchase 6.33% 9/18/23
    30 Year USDA Purchase 6.51% 9/18/23
    15 Year Conventional Purchase 6.39% 9/18/23
    15 Year Conventional Refi 6.29% 9/18/23
    15 Year Cash-out Refi 6.29% 9/18/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    American National Bank And Trust Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from American National Bank And Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,106

    Origination Dollar Volume (All Markets)

    $298,370,000
    Show all (16) awards

    Relative Rate

    American National Bank And Trust Company's average 30 year fixed mortgage rate was 4.56%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.2%.

    Relative Fees (Closing Costs)

    American National Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $4,645.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top 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
    ROANOKE, VA (FHA|USDA|VA) 242 $62,080,000 $256,529 $4,688 4.50%
    LYNCHBURG, VA (FHA|USDA|VA) 118 $44,580,000 $377,797 $3,930 4.46%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 148 $37,860,000 $255,811 $5,207 4.67%
    BURLINGTON, NC (FHA|USDA|VA) 129 $24,995,000 $193,760 $3,579 4.66%
    Danville, VA (FHA|USDA|VA) 129 $22,395,000 $173,605 $3,503 4.74%
    WINSTON-SALEM, NC (FHA|USDA|VA) 49 $18,255,000 $372,551 $4,668 4.44%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 25 $12,385,000 $495,400 $4,589 4.40%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 22 $12,000,000 $545,455 $4,195 4.99%
    Martinsville, VA (FHA|USDA|VA) 86 $11,670,000 $135,698 $3,717 5.09%
    RALEIGH-CARY, NC (FHA|USDA|VA) 24 $7,920,000 $330,000 $4,080 5.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $7,475,000 $830,556 $4,658 4.50%
    GREENVILLE, NC (FHA|USDA|VA) 4 $7,370,000 $1,842,500 $3,057 4.87%
    Outside of Metro Areas 51 $7,025,000 $137,745 $3,795 4.36%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 28 $6,540,000 $233,571 $3,064 4.40%
    FAYETTEVILLE, NC (FHA|USDA|VA) 5 $3,415,000 $683,000 $12,970 4.56%
    WILMINGTON, NC (FHA|USDA|VA) 4 $1,930,000 $482,500 $3,277 4.21%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,130,000 $565,000 $0 3.35%
    Morehead City, NC (FHA|USDA|VA) 4 $1,080,000 $270,000 $2,797 4.59%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $885,000 $885,000 $0 4.05%
    Henderson, NC (FHA|USDA|VA) 2 $850,000 $425,000 $2,634 5.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $845,000 $845,000 $7,670 3.75%
    RICHMOND, VA (FHA|USDA|VA) 2 $740,000 $370,000 $3,582 4.56%
    NEW BERN, NC (FHA|USDA|VA) 3 $705,000 $235,000 $3,343 3.33%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $630,000 $157,500 $2,695 4.72%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $605,000 $605,000 $0 5.50%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $505,000 $505,000 $4,948 3.50%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $385,000 $385,000 $0 4.13%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $385,000 $385,000 $0 4.50%
    Cullowhee, NC (FHA|USDA|VA) 1 $375,000 $375,000 $6,139 4.88%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $305,000 $305,000 $4,799 4.75%
    Laurinburg, NC (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.75%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,480 5.00%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,898 4.25%
    Rockingham, NC (FHA|USDA|VA) 3 $145,000 $48,333 $0 4.92%
    North Wilkesboro, NC (FHA|USDA|VA) 1 $115,000 $115,000 $2,897 4.75%
    Boone, NC (FHA|USDA|VA) 1 $55,000 $55,000 $3,746 4.63%
    American National Bank And Trust Company's top markets include Roanoke, Lynchburg, Greensboro, Burlington, and Danville among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against American National Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CENTRAL VIRGINIA
    Similarity Rank: 222
    Piedmont Federal Savings Bank
    Similarity Rank: 544
    Virginia Credit Union, Inc.
    Similarity Rank: 912
    DUKE UNIVERSITY FEDERAL CREDIT UNION
    Similarity Rank: 1245
    C & F Mortgage Corporation
    Similarity Rank: 1640
    ValleyStar Credit Union
    Similarity Rank: 1953
    FREEDOM FIRST
    Similarity Rank: 1955
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 2106
    Opendoor Home Loans LLC
    Similarity Rank: 2140
    Cf Bank
    Similarity Rank: 2664

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 649 $222,875,000 $343,413 $3,790 4.69%
    HELOC 431 $69,125,000 $160,383 n/a 4.53%
    USDA 14 $2,640,000 $188,571 $5,796 4.09%
    FHA 6 $1,250,000 $208,333 $7,117 4.04%
    VA 6 $2,480,000 $413,333 $13,589 4.83%

    For 2022, American National Bank And Trust Company's most frequently originated type of loan was Conventional, with 649 originations. Their 2nd most popular type was HELOC, with 431 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 457 $150,555,000 $329,442 $4,302 4.85%
    Refi 306 $87,030,000 $284,412 $3,985 4.34%
    Other 187 $31,075,000 $166,176 $0 4.52%
    Home Improvement 82 $10,860,000 $132,439 $0 4.75%
    Cash Out Refi 74 $18,850,000 $254,730 $3,692 4.41%

    For 2022, American National Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 457 originations. The 2nd most popular reason was Refi, with 306 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 436 $80,000,000 $183,486 $3,154 4.52%
    5 Year 284 $101,620,000 $357,817 $4,592 4.85%
    30 Year 157 $39,305,000 $250,350 $4,645 4.56%
    15 Year 156 $44,390,000 $284,551 $3,776 4.45%
    Other 46 $26,940,000 $585,652 $4,276 4.59%
    1 Year 23 $3,845,000 $167,174 $0 5.16%
    20 Year 3 $2,055,000 $685,000 $2,995 3.57%
    3 Year 1 $215,000 $215,000 $0 5.40%

    For 2022, American National Bank And Trust Company's most frequently cited loan duration was 10 Year, with 436 originations. The 2nd most popular length was 5 Year, with 284 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 134 $35,980,000 $268,507
    $1k-2k 134 $32,820,000 $244,925
    $2k-3k 20 $5,450,000 $272,500
    $5k+ 15 $7,515,000 $501,000
    $3k-4k 11 $2,955,000 $268,636
    $4k-5k 11 $4,365,000 $396,818

    American National Bank And Trust Company's average total fees were $4,645, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 134 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 354 $100,590,000 $284,153
    5-6% 306 $71,480,000 $233,595
    4-5% 252 $89,930,000 $356,865
    6-7% 107 $18,895,000 $176,589
    2.5-3% 67 $13,775,000 $205,597
    7-8% 12 $1,720,000 $143,333
    <2.5% 8 $1,980,000 $247,500

    During 2022, American National Bank And Trust Company's average interest rate for loans was 4.56%, while their most frequently originated rate bucket for loans was 3-4%, with 354 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 348 $20,540,000 $59,023 $2,830 4.70%
    $100k-200k 307 $43,675,000 $142,264 $3,437 4.62%
    $200k-400k 285 $79,355,000 $278,439 $4,092 4.61%
    $400k-600k 87 $42,005,000 $482,816 $5,212 4.52%
    $600k-1MM 42 $29,890,000 $711,667 $7,250 4.48%
    $1MM+ 37 $82,905,000 $2,240,676 $11,407 4.24%

    2022 saw American National Bank And Trust Company place emphasis on $100,000 or less loans with 348 originations, totaling $20,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 180 $36,670,000 $203,722 $3,974 4.52%
    $150k-250k 140 $34,600,000 $247,143 $4,118 4.62%
    $50k-75k 140 $18,620,000 $133,000 $3,769 4.58%
    $250k+ 128 $46,180,000 $360,781 $5,648 4.45%
    $50k or less 116 $10,960,000 $94,483 $3,457 4.67%
    $75k-100k 97 $17,675,000 $182,216 $4,256 4.51%

    American National Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 180 originations. The second most popular income band? $150k-250k, with 140 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 198 $38,550,000 $194,697 $3,844 4.44%
    <20% 186 $33,220,000 $178,602 $3,245 4.51%
    30-36% 131 $25,705,000 $196,221 $4,585 4.70%
    38% 35 $7,405,000 $211,571 $3,973 4.43%
    37% 26 $5,680,000 $218,462 $4,836 4.48%
    39% 26 $5,990,000 $230,385 $5,952 4.43%
    41% 24 $5,260,000 $219,167 $3,615 4.66%
    36% 22 $4,740,000 $215,455 $3,898 4.54%
    40% 21 $5,515,000 $262,619 $3,536 4.59%
    42% 16 $3,120,000 $195,000 $4,112 4.33%
    45% 10 $3,040,000 $304,000 $3,420 5.34%
    44% 9 $3,445,000 $382,778 $6,616 4.15%
    43% 9 $2,245,000 $249,444 $4,215 3.71%
    46% 8 $2,310,000 $288,750 $4,624 4.08%
    50-60% 7 $1,735,000 $247,857 $4,209 3.96%
    >60% 6 $590,000 $98,333 $0 4.85%
    48% 6 $1,750,000 $291,667 $3,435 5.00%
    49% 4 $1,100,000 $275,000 $6,431 4.22%
    47% 3 $535,000 $178,333 $3,277 3.92%

    American National Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 198 originations. The next most common DTI ratio? <20%, with 186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 701 $140,175,000 $199,964 $3,839 4.55%
    Not applicable 285 $127,115,000 $446,018 $7,670 4.77%
    Not provided 58 $17,460,000 $301,034 $6,144 4.47%
    Asian 26 $8,210,000 $315,769 $5,115 4.67%
    Black 32 $4,850,000 $151,563 $4,115 4.97%
    Asian Indian 2 $330,000 $165,000 $0 4.25%
    American Indian 1 $185,000 $185,000 $3,451 3.00%
    Native Hawaiian 1 $45,000 $45,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    95.13%

    American National Bank And 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 origination
    91.32%

    American National Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,106 $298,370,000 $269,774

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,106 $298,370,000 $269,774

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 209 $27,135,000 $129,833 $3,032 4.46%
    40-60% 178 $59,000,000 $331,461 $3,800 4.56%
    60-80% 331 $121,255,000 $366,329 $4,271 4.65%
    80-100% 236 $75,070,000 $318,093 $4,032 4.69%
    Over 100% 3 $1,425,000 $475,000 $21,593 5.29%
    Under 20% 145 $14,005,000 $96,586 $2,520 4.70%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    American Financial Network Inc. FHA mortgage Trouble during payment process 1 100.0%