American National Bank And Trust Company Mortgage Rates, Fees & Info
Danville, VALEI: 549300HGXROE7ZUGMP55
Tax ID: 54-0121975
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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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 3/27/23 |
| 30 Year Conventional Purchase | 6.49% | 3/27/23 |
| 30 Year Conventional Refi | 6.45% | 3/27/23 |
| 30 Year Cash-out Refi | 6.64% | 3/27/23 |
| 30 Year FHA Purchase | 7.21% | 3/27/23 |
| 30 Year FHA Refi | 6.27% | 3/27/23 |
| 30 Year VA Purchase | 6.33% | 3/27/23 |
| 30 Year USDA Purchase | 6.51% | 3/27/23 |
| 15 Year Conventional Purchase | 6.39% | 3/27/23 |
| 15 Year Conventional Refi | 6.29% | 3/27/23 |
| 15 Year Cash-out Refi | 6.29% | 3/27/23 |
| 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. | ||
Originations
1,106Origination Dollar Volume (All Markets)
$298,370,000Awards
American National Bank and Trust Company - 2022
American National Bank and Trust Company is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications95.13%
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 origination91.32%
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 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Financial Network Inc. | FHA mortgage | Trouble during payment process | 1 | 100.0% |