American Investors Bank And Mortgage Rates, Fees & Info

Eden Prairie, MN

LEI: 549300HR275MEUDIFB90

Tax ID: 20-0577100

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    American Investors Bank And Mortgage is a smaller bank specializing in Cash Out Refi and Refi loans. American Investors Bank And Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Faribault, Owatonna, Brainerd, and Austin among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Investors Bank And Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. American Investors Bank And Mortgage 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% 3/24/24
    30 Year Conventional Purchase 7.43% 3/24/24
    30 Year Conventional Refi 6.27% 3/24/24
    15 Year Conventional Purchase 6.38% 3/24/24
    15 Year Conventional Refi 7.79% 3/24/24
    15 Year Cash-out Refi 7.79% 3/24/24
    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 Investors Bank And Mortgage Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from American Investors Bank And Mortgage. 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

    57

    Origination Dollar Volume (All Markets)

    $5,645,000

    Employee count

    14

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 52 $4,870,000 $93,654 $824 4.56%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $335,000 $335,000 $1,135 3.75%
    Owatonna, MN (FHA|USDA|VA) 1 $215,000 $215,000 $491 6.13%
    Brainerd, MN (FHA|USDA|VA) 1 $155,000 $155,000 $2,358 3.50%
    Austin, MN (FHA|USDA|VA) 2 $70,000 $35,000 $508 4.13%
    American Investors Bank And Mortgage's top markets include Minneapolis, Faribault, Owatonna, Brainerd, and Austin among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $5,645,000 $99,035 $840 4.54%

    For 2020, American Investors Bank And Mortgage's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 33 $2,435,000 $73,788 $673 4.72%
    Refi 21 $2,575,000 $122,619 $935 4.38%
    Home Purchase 3 $635,000 $211,667 $2,044 3.67%

    For 2020, American Investors Bank And Mortgage's most frequently cited loan purpose was Cash Out Refi, with 33 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 38 $3,920,000 $103,158 $762 4.16%
    15 Year 14 $720,000 $51,429 $605 5.57%
    30 Year 4 $940,000 $235,000 $2,439 4.13%
    Other 1 $65,000 $65,000 $617 6.24%

    For 2020, American Investors Bank And Mortgage's most frequently cited loan duration was 20 Year, with 38 originations. The 2nd most popular length was 15 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 53 $4,525,000 $85,377
    $1k-2k 2 $270,000 $135,000
    $2k-3k 1 $445,000 $445,000
    $4k-5k 1 $405,000 $405,000

    American Investors Bank And Mortgage's average total fees were $2,439, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 53 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 24 $3,470,000 $144,583
    4-5% 15 $995,000 $66,333
    5-6% 13 $765,000 $58,846
    6-7% 5 $415,000 $83,000

    During 2020, American Investors Bank And Mortgage's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $2,105,000 $53,974 $596 4.69%
    $100k-200k 11 $1,475,000 $134,091 $994 4.29%
    $200k-400k 5 $1,215,000 $243,000 $935 4.30%
    $400k-600k 2 $850,000 $425,000 $4,594 3.63%

    2020 saw American Investors Bank And Mortgage place emphasis on $100,000 or less loans with 39 originations, totaling $2,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 16 $1,910,000 $119,375 $897 4.36%
    $150k-250k 15 $1,895,000 $126,333 $746 4.43%
    $100k-150k 12 $480,000 $40,000 $524 4.57%
    $75k-100k 9 $955,000 $106,111 $1,221 4.99%
    $50k-75k 4 $380,000 $95,000 $1,061 4.53%
    $50k or less 1 $25,000 $25,000 $718 4.75%

    American Investors Bank And Mortgage lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $150k-250k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $1,120,000 $93,333 $1,006 4.55%
    30-36% 12 $920,000 $76,667 $493 4.55%
    <20% 9 $1,105,000 $122,778 $885 4.07%
    42% 5 $385,000 $77,000 $627 4.25%
    39% 4 $220,000 $55,000 $600 4.63%
    45% 4 $440,000 $110,000 $677 5.28%
    44% 3 $505,000 $168,333 $1,899 5.16%
    37% 2 $60,000 $30,000 $465 5.19%
    43% 2 $490,000 $245,000 $2,388 3.81%
    50-60% 2 $340,000 $170,000 $755 4.56%
    36% 1 $35,000 $35,000 $202 3.75%
    38% 1 $25,000 $25,000 $202 5.75%

    American Investors Bank And Mortgage lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $4,925,000 $104,787 $897 4.55%
    Not provided 5 $375,000 $75,000 $451 4.10%
    Asian 3 $275,000 $91,667 $748 4.25%
    Black 2 $70,000 $35,000 $630 5.88%

    Approval Rates

    Total approvals of all applications
    100.00%

    American Investors Bank And Mortgage 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
    80.70%

    American Investors Bank And Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 57 $5,645,000 $99,035

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 57 $5,645,000 $99,035

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,660,000 $138,333 $711 4.35%
    40-60% 2 $560,000 $280,000 $3,774 3.63%
    60-80% 3 $785,000 $261,667 $2,467 4.33%
    Under 20% 40 $2,640,000 $66,000 $604 4.66%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AMERICAN HOME MORTGAGE, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American Investors Bank and Mortgage 6385 Old Shady Oak Road, Suite 110 Eden Prairie, MN 55344 Full Service B&M $65,930

    For 2020, American Investors Bank And Mortgage had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,713
    Net interest income $2,917
    Total noninterest income $332
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $0
    Trading account gains and fees $0
    Additional Noninterest Income $332
    Pre-tax net operating income $826
    Securities gains (or losses, -) $51
    Income before extraordinary items $633
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $633
    Minority interest net income $0
    Net income $633
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $592

    American Investors Bank And Mortgage's gross interest income from loans was $3,713,000.
    American Investors Bank And Mortgage's net interest income from loans was $2,917,000.
    American Investors Bank And Mortgage's fee based income from loans was $0.
    American Investors Bank And Mortgage's net income from loans was $633,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $796
    Provision for credit losses $48
    Total noninterest expense $2,375
    Salaries and employee benefits $1,441
    Premises and equipment expense $234
    Additional noninterest expense $700
    Applicable income taxes $244
    Net charge-offs $-69
    Cash dividends $250

    American Investors Bank And Mortgage's interest expense for loans was $796,000.
    American Investors Bank And Mortgage's payroll and benefits expense were $1,441,000.
    American Investors Bank And Mortgage's property, plant and equipment expenses $234,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $76,295
    Deposits held in domestic offices $76,295
    Deposits by Individuals, partnerships, and corporations $70,096
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $6,200
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $5,867
    Demand deposits $1,835
    Nontransaction accounts $70,429
    Money market deposit accounts (MMDAs) $48,063
    Other savings deposits (excluding MMDAs) $0
    Total time deposits $22,365
    Total time and savings deposits $74,461
    Noninterest-bearing deposits $1,835
    Interest-bearing deposits $74,460
    Retail deposits $72,192
    IRAs and Keogh plan accounts $3,342
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $90,103
    Cash & Balances due from depository institutions $233
    Interest-bearing balances $30
    Total securities $12,548
    Federal funds sold & reverse repurchase $65
    Net loans and leases $76,288
    Loan and leases loss allowance $940
    Trading account assets $0
    Bank premises and fixed assets $33
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $936

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $90,103
    Total Liabilities $80,202
    Total deposits $76,295
    Interest-bearing deposits $74,460
    Deposits held in domestic offices $76,295
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,600
    Subordinated debt $0
    All other liabilities $307

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $76,288
    Loan and leases loss allowance $940
    Total loans and leases (domestic) $77,228
    All real estate loans $70,437
    Real estate loans in domestic offices $70,437
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $7,635
    Nonfarm nonresidential secured by owner-occupied properties $504
    Commercial real estate & other non-farm, non-residential $7,131
    Multifamily residential real estate $0
    1-4 family residential loans $62,802
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $507
    To non-U.S. addressees $0
    Loans to individuals $151
    Credit card loans $0
    Related Plans $22
    Consumer Auto Loans $0
    Other loans to individuals $129
    All other loans & leases $6,133
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    American Investors Bank and Mortgage had $76,288,000 of loans outstanding in 2020. $70,437,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $62,802,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 16 $7,635 $477,188
    Nonfarm, nonresidential loans - <$100k 1 $84 $84,000
    Nonfarm, nonresidential loans - $100-250k 1 $136 $136,000
    Nonfarm, nonresidential loans - $250k-1MM 14 $7,415 $529,643
    Commercial & Industrial, US addressed loans - <$1MM 2 $507 $253,500
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $507 $253,500