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, Minneapolis, and Fergus Falls among others. We have data for 18 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
255Origination Dollar Volume (All Markets)
$54,515,000Top 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) | 119 | $27,505,000 | $231,134 | $0 | 0.00% |
| Outside of Metro Areas | 36 | $5,910,000 | $164,167 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 16 | $3,590,000 | $224,375 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 15 | $3,545,000 | $236,333 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 15 | $3,405,000 | $227,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 22 | $2,670,000 | $121,364 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,680,000 | $840,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 13 | $1,335,000 | $102,692 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Williston, ND (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 255 | $54,515,000 | $213,784 | $0 | 0.00% |
For 2022, American National Bank Of Minnesota's most frequently originated type of loan was Conventional, with 255 originations.
Loan Reason
For 2022, American National Bank Of Minnesota's most frequently cited loan purpose was Home Purchase, with 168 originations. The 2nd most popular reason was Refi, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 255 | $54,515,000 | $213,784 | $0 | 0.00% |
For 2022, American National Bank Of Minnesota's most frequently cited loan duration was Other, with 255 originations.
Loan Sizing
2022 saw American National Bank Of Minnesota place emphasis on $100,000 or less loans with 81 originations, totaling $4,475,000 in origination value.
Applicant Income
American National Bank Of Minnesota lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $50k-75k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 255 | $54,515,000 | $213,784 | $0 | 0.00% |
American National Bank Of Minnesota lent most frequently to those with DTI ratios of Exempt%, with 255 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination91.37%
American National Bank Of Minnesota has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 255 | $54,515,000 | $213,784 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Financial Network Inc. | FHA mortgage | Trouble during payment process | 1 | 100.0% |