American Momentum Bank Mortgage Rates, Fees & Info
College Station, TXLEI: 549300IJB00VM6H8PP97
Tax ID: 16-1764661
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Mortgage Data
Review & Overview
American Momentum Bank is a smaller bank specializing in Home Purchase loans. American Momentum Bank 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.) Their top markets by origination volume include: College Station, Cape Coral, Tampa, Naples, and North Port among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)American Momentum Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
295Origination Dollar Volume (All Markets)
$156,945,000Top 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 |
|---|---|---|---|---|---|
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 97 | $45,855,000 | $472,732 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 38 | $24,290,000 | $639,211 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 44 | $21,610,000 | $491,136 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 16 | $11,140,000 | $696,250 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 12 | $10,090,000 | $840,833 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $8,115,000 | $1,159,286 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 12 | $4,980,000 | $415,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $4,665,000 | $1,555,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $4,280,000 | $535,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $3,900,000 | $487,500 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 8 | $3,310,000 | $413,750 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $3,160,000 | $316,000 | $0 | 0.00% |
| ODESSA, TX (FHA|USDA|VA) | 10 | $2,000,000 | $200,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,905,000 | $635,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $1,635,000 | $1,635,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 0.00% |
| Andrews, TX (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 0.00% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against American Momentum Bank 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 | 269 | $147,715,000 | $549,126 | $0 | 0.00% |
| FHA | 19 | $6,065,000 | $319,211 | $0 | 0.00% |
| VA | 7 | $3,165,000 | $452,143 | $0 | 0.00% |
For 2024, American Momentum Bank's most frequently originated type of loan was Conventional, with 269 originations. Their 2nd most popular type was FHA, with 19 originations.
Loan Reason
For 2024, American Momentum Bank's most frequently cited loan purpose was Home Purchase, with 269 originations. The 2nd most popular reason was Home Improvement, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 295 | $156,945,000 | $532,017 | $0 | 0.00% |
For 2024, American Momentum Bank's most frequently cited loan duration was Other, with 295 originations.
Loan Sizing
2024 saw American Momentum Bank place emphasis on $200k-400k loans with 90 originations, totaling $25,440,000 in origination value.
Applicant Income
American Momentum Bank lent most frequently to those with incomes in the $250k+ range, with 102 originations. The second most popular income band? $150k-250k, with 74 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 295 | $156,945,000 | $532,017 | $0 | 0.00% |
American Momentum Bank lent most frequently to those with DTI ratios of Exempt%, with 295 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.96%
American Momentum Bank has a below average approval rate.
Pick Rate
Approvals leading to origination69.15%
American Momentum Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 295 | $156,945,000 | $532,017 |