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

Danville, VA

LEI: 549300HGXROE7ZUGMP55

Tax ID: 54-0121975

5 stars - Updated: 6/16/24 - out of 5 stars, based on 27 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

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 a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Greensboro, Roanoke, Danville, Lynchburg, and Charlotte among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)

American National Bank And Trust Company has an average approval rate when compared to the average across all lenders. They have an 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 relatively high 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% 6/16/24
30 Year Conventional Purchase 6.49% 6/16/24
30 Year Conventional Refi 6.45% 6/16/24
30 Year Cash-out Refi 6.64% 6/16/24
30 Year FHA Purchase 7.21% 6/16/24
30 Year FHA Refi 6.27% 6/16/24
30 Year VA Purchase 6.33% 6/16/24
30 Year USDA Purchase 6.51% 6/16/24
15 Year Conventional Purchase 6.39% 6/16/24
15 Year Conventional Refi 6.29% 6/16/24
15 Year Cash-out Refi 6.29% 6/16/24
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

733

Origination Dollar Volume (All Markets)

$175,815,000

Awards

American National Bank and Trust Company 30 Year Conventional Loans gold American National Bank and Trust Company 30 Year Conventional Loans silver American National Bank and Trust Company 30 Year Conventional Loans gold American National Bank and Trust Company 30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

American National Bank And Trust Company's average 30 year fixed mortgage rate was 6.62%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.14%.

Relative Fees (Closing Costs)

American National Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $4,407.

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 $9,089.

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
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 71 $27,835,000 $392,042 $7,133 7.18%
ROANOKE, VA (FHA|USDA|VA) 121 $24,405,000 $201,694 $6,143 7.29%
Danville, VA (FHA|USDA|VA) 129 $19,935,000 $154,535 $4,705 7.35%
LYNCHBURG, VA (FHA|USDA|VA) 85 $15,205,000 $178,882 $4,720 7.40%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 16 $14,630,000 $914,375 $5,167 6.71%
BURLINGTON, NC (FHA|USDA|VA) 68 $11,950,000 $175,735 $3,452 7.53%
Martinsville, VA (FHA|USDA|VA) 67 $10,865,000 $162,164 $3,656 7.54%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 25 $10,095,000 $403,800 $3,391 7.74%
RALEIGH-CARY, NC (FHA|USDA|VA) 27 $8,025,000 $297,222 $3,879 7.09%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 23 $7,645,000 $332,391 $6,568 6.95%
Outside of Metro Areas 38 $4,550,000 $119,737 $4,259 7.50%
WINSTON-SALEM, NC (FHA|USDA|VA) 22 $4,390,000 $199,545 $4,763 7.37%
Morehead City, NC (FHA|USDA|VA) 5 $3,215,000 $643,000 $7,226 6.37%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 11 $2,495,000 $226,818 $4,413 6.98%
ASHEVILLE, NC (FHA|USDA|VA) 3 $1,885,000 $628,333 $3,362 6.95%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $1,595,000 $1,595,000 $0 6.15%
RICHMOND, VA (FHA|USDA|VA) 2 $1,510,000 $755,000 $4,607 6.81%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $980,000 $490,000 $4,665 6.68%
WILMINGTON, NC (FHA|USDA|VA) 3 $805,000 $268,333 $6,006 6.68%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $705,000 $705,000 $4,953 6.75%
Boone, NC (FHA|USDA|VA) 1 $625,000 $625,000 $0 7.88%
Albemarle, NC (FHA|USDA|VA) 1 $485,000 $485,000 $3,805 6.50%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $405,000 $405,000 $0 8.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $315,000 $315,000 $4,234 6.00%
HARRISONBURG, VA (FHA|USDA|VA) 1 $265,000 $265,000 $0 7.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $12,485 5.75%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $240,000 $120,000 $5,309 6.56%
Mount Airy, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,298 7.25%
GREENVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,440 7.13%
NEW BERN, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.38%
Wilson, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.00%
American National Bank And Trust Company's top markets include Greensboro, Roanoke, Danville, Lynchburg, and Charlotte among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • West Virginia (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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 384 $124,090,000 $323,151 $4,860 6.75%
    HELOC 333 $47,925,000 $143,919 n/a 8.00%
    FHA 8 $1,950,000 $243,750 $7,818 6.83%
    VA 4 $1,290,000 $322,500 $8,961 6.06%
    USDA 4 $560,000 $140,000 $5,208 7.06%

    For 2023, American National Bank And Trust Company's most frequently originated type of loan was Conventional, with 384 originations. Their 2nd most popular type was HELOC, with 333 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 276 $78,060,000 $282,826 $4,191 6.84%
    Refi 191 $46,895,000 $245,524 $7,145 7.34%
    Other 167 $23,135,000 $138,533 $0 8.02%
    Home Improvement 68 $18,020,000 $265,000 $0 7.89%
    Cash Out Refi 31 $9,705,000 $313,065 $5,886 6.41%

    For 2023, American National Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 276 originations. The 2nd most popular reason was Refi, with 191 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 232 $30,170,000 $130,043 $0 8.14%
    5 Year 170 $47,880,000 $281,647 $2,913 7.10%
    30 Year 118 $30,190,000 $255,847 $4,407 6.62%
    10 Year 112 $24,080,000 $215,000 $3,569 7.14%
    15 Year 46 $12,010,000 $261,087 $5,782 6.49%
    30+ year 19 $8,505,000 $447,632 $9,516 6.56%
    Other 18 $15,700,000 $872,222 $7,086 6.70%
    1 Year 16 $6,470,000 $404,375 $5,912 8.09%
    3 Year 2 $810,000 $405,000 $0 8.25%

    For 2023, American National Bank And Trust Company's most frequently cited loan duration was 20 Year, with 232 originations. The 2nd most popular length was 5 Year, with 170 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 159 $46,035,000 $289,528
    $5k+ 16 $11,750,000 $734,375
    $3k-4k 15 $3,485,000 $232,333
    $2k-3k 13 $2,555,000 $196,538
    $4k-5k 12 $3,970,000 $330,833
    $<1k 4 $1,370,000 $342,500

    American National Bank And Trust Company's average total fees were $4,407, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 159 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 277 $61,345,000 $221,462
    6-7% 229 $75,125,000 $328,057
    Over 8% 169 $23,395,000 $138,432
    5-6% 55 $15,215,000 $276,636
    4-5% 2 $620,000 $310,000
    3-4% 1 $115,000 $115,000

    During 2023, American National Bank And Trust Company's average interest rate for loans was 6.62%, while their most frequently originated rate bucket for loans was 7-8%, with 277 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 255 $14,575,000 $57,157 $3,047 7.72%
    $100k-200k 203 $27,935,000 $137,611 $3,613 7.23%
    $200k-400k 174 $47,320,000 $271,954 $5,055 7.07%
    $400k-600k 62 $29,660,000 $478,387 $6,446 6.96%
    $600k-1MM 21 $15,515,000 $738,810 $6,367 6.90%
    $1MM+ 18 $40,810,000 $2,267,222 $15,275 6.87%

    2023 saw American National Bank And Trust Company place emphasis on $100,000 or less loans with 255 originations, totaling $14,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 113 $27,745,000 $245,531 $4,946 7.25%
    $100k-150k 112 $19,450,000 $173,661 $5,159 7.48%
    $50k-75k 106 $12,020,000 $113,396 $4,173 7.28%
    $250k+ 92 $40,960,000 $445,217 $7,569 7.32%
    $50k or less 79 $6,475,000 $81,962 $3,209 7.41%
    $75k-100k 73 $9,765,000 $133,767 $5,139 7.46%

    American National Bank And Trust Company lent most frequently to those with incomes in the $150k-250k range, with 113 originations. The second most popular income band? $100k-150k, with 112 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 136 $27,220,000 $200,147 $4,266 7.42%
    <20% 119 $17,285,000 $145,252 $3,837 7.57%
    30-36% 100 $22,710,000 $227,100 $6,124 7.13%
    37% 29 $5,235,000 $180,517 $4,069 7.69%
    36% 24 $7,500,000 $312,500 $6,610 7.20%
    38% 23 $7,125,000 $309,783 $3,411 7.40%
    41% 19 $3,385,000 $178,158 $3,719 7.41%
    39% 16 $2,700,000 $168,750 $4,335 7.28%
    40% 16 $2,870,000 $179,375 $4,536 7.56%
    42% 11 $2,375,000 $215,909 $6,850 7.08%
    50-60% 9 $2,815,000 $312,778 $8,204 8.01%
    45% 7 $1,655,000 $236,429 $4,609 7.32%
    43% 7 $1,725,000 $246,429 $5,638 7.21%
    44% 6 $2,100,000 $350,000 $7,606 6.85%
    >60% 3 $345,000 $115,000 $3,700 7.63%
    49% 2 $290,000 $145,000 $3,487 6.31%
    48% 2 $510,000 $255,000 $5,242 6.13%
    46% 2 $470,000 $235,000 $8,699 6.13%

    American National Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 136 originations. The next most common DTI ratio? <20%, with 119 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 501 $95,805,000 $191,228 $5,012 7.41%
    Not applicable 144 $56,260,000 $390,694 $0 7.10%
    Not provided 43 $10,555,000 $245,465 $4,182 7.01%
    Asian 12 $9,130,000 $760,833 $7,587 6.66%
    Black 27 $3,315,000 $122,778 $5,625 7.65%
    Native Hawaiian or Islander 1 $245,000 $245,000 $3,285 7.00%
    American Indian 2 $220,000 $110,000 $2,755 6.81%
    Vietnamese 2 $160,000 $80,000 $0 7.14%
    Guamanian 1 $125,000 $125,000 $0 7.00%

    Approval Rates

    Total approvals of all applications
    88.83%

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

    Pick Rate

    Approvals leading to origination
    90.45%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 733 $175,815,000 $239,857

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    733 $175,815,000 $239,857

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 177 $29,685,000 $167,712 $4,516 7.71%
    40-60% 121 $32,825,000 $271,281 $4,124 7.17%
    60-80% 201 $67,355,000 $335,100 $5,635 6.90%
    80-100% 88 $22,660,000 $257,500 $5,028 6.84%
    Over 100% 2 $9,960,000 $4,980,000 $12,485 6.55%
    Under 20% 142 $13,120,000 $92,394 $3,399 7.86%