American National Bank Of Minnesota Mortgage Rates, Fees & Info
Baxter, MNLEI: 549300IJ5M3CD2DPIX47
Tax ID: 41-1449276
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
American National Bank Of Minnesota is a smaller bank specializing in Home Purchase loans. American National Bank Of Minnesota has a high proportion of conventional loans. Their top markets by origination volume include: Brainerd, St. Cloud, Alexandria, Fergus Falls, and Minneapolis among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)American National Bank Of Minnesota 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
167Origination Dollar Volume (All Markets)
$28,925,000Top 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 |
|---|---|---|---|---|---|
| Brainerd, MN (FHA|USDA|VA) | 66 | $11,240,000 | $170,303 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 19 | $4,105,000 | $216,053 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $3,370,000 | $187,222 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 18 | $2,930,000 | $162,778 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 22 | $2,830,000 | $128,636 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 6 | $2,310,000 | $385,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 11 | $685,000 | $62,273 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 167 | $28,925,000 | $173,204 | $0 | 0.00% |
For 2023, American National Bank Of Minnesota's most frequently originated type of loan was Conventional, with 167 originations.
Loan Reason
For 2023, American National Bank Of Minnesota's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 167 | $28,925,000 | $173,204 | $0 | 0.00% |
For 2023, American National Bank Of Minnesota's most frequently cited loan duration was Other, with 167 originations.
Loan Sizing
2023 saw American National Bank Of Minnesota place emphasis on $100,000 or less loans with 66 originations, totaling $3,740,000 in origination value.
Applicant Income
American National Bank Of Minnesota lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $50k or less, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 167 | $28,925,000 | $173,204 | $0 | 0.00% |
American National Bank Of Minnesota lent most frequently to those with DTI ratios of Exempt%, with 167 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.32%
American National Bank Of Minnesota has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.61%
American National Bank Of Minnesota has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 167 | $28,925,000 | $173,204 |