American Momentum Bank Mortgage Rates, Fees & Info

College Station, TX

LEI: 549300IJB00VM6H8PP97

Tax ID: 16-1764661

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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, Tampa, Cape Coral, Naples, and Orlando among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Momentum Bank 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 Momentum Bank 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.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.50%	12/16/24
30 Year Conventional Refi	6.55%	12/16/24
30 Year Cash-out Refi	6.42%	12/16/24
30 Year FHA Purchase	7.69%	12/16/24
30 Year VA Purchase	5.99%	12/16/24
15 Year Conventional Purchase	6.09%	12/16/24
15 Year Conventional Refi	5.73%	12/16/24
15 Year Cash-out Refi	5.73%	12/16/24
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 Momentum Bank Mortgage Calculator

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This is not an official calculator from American Momentum Bank. 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

380

Origination Dollar Volume (All Markets)

$127,150,000

Employee count

170

Awards

American Momentum Bank 30 Year Conventional Loans bronze

Show all (2) awards

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
COLLEGE STATION-BRYAN, TX (FHA\|USDA\|VA)	158	$41,180,000	$260,633	$4,137	4.73%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	126	$38,190,000	$303,095	$4,415	4.87%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	34	$16,770,000	$493,235	$5,576	4.56%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	10	$12,810,000	$1,281,000	$9,069	4.46%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	10	$4,110,000	$411,000	$6,078	4.96%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	8	$3,400,000	$425,000	$4,309	5.11%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	13	$2,775,000	$213,462	$3,634	4.63%
TUCSON, AZ (FHA\|USDA\|VA)	1	$1,355,000	$1,355,000	$8,098	4.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$1,255,000	$1,255,000	$13,876	4.00%
Outside of Metro Areas	5	$925,000	$185,000	$2,352	4.91%
JACKSONVILLE, FL (FHA\|USDA\|VA)	2	$760,000	$380,000	$6,250	4.31%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$605,000	$605,000	$7,108	4.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	2	$550,000	$275,000	$7,012	4.06%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	1	$455,000	$455,000	$5,155	4.63%
OCALA, FL (FHA\|USDA\|VA)	1	$455,000	$455,000	$5,929	4.25%
TYLER, TX (FHA\|USDA\|VA)	2	$350,000	$175,000	$4,419	4.44%
AMARILLO, TX (FHA\|USDA\|VA)	1	$295,000	$295,000	$2,934	4.13%
Granbury, TX (FHA\|USDA\|VA)	1	$295,000	$295,000	$4,507	4.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$235,000	$235,000	$4,498	4.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$205,000	$205,000	$6,507	5.75%
KILLEEN-TEMPLE, TX (FHA\|USDA\|VA)	1	$175,000	$175,000	$3,526	4.25%

American Momentum Bank's top markets include College Station, Tampa, Cape Coral, Naples, and Orlando among others.

Their top states include:

Florida (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

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.

McCoy Federal Credit Union
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PRIORITY HOME MORTGAGE, L.P.
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The Bank & Trust of Bryan/College Station
Similarity Rank: 396

Priority Bank
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Preferred Community Bank
Similarity Rank: 484

SAN ANTONIO CITIZENS
Similarity Rank: 531

Extraco Banks
Similarity Rank: 550

ADVISA MORTGAGE SERVICES, LTD.
Similarity Rank: 678

CAPITAL PLUS FINANCIAL, LLC
Similarity Rank: 729

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	374	$125,260,000	$334,920	$4,535	4.76%
VA	4	$1,510,000	$377,500	$10,280	4.44%
FHA	2	$380,000	$190,000	$6,726	4.81%

For 2018, American Momentum Bank's most frequently originated type of loan was Conventional, with 374 originations. Their 2nd most popular type was VA, with 4 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	305	$98,155,000	$321,820	$4,655	4.72%
Refi	37	$17,125,000	$462,838	$4,224	4.60%
Cash Out Refi	29	$11,115,000	$383,276	$5,643	4.81%
Home Improvement	7	$455,000	$65,000	$1,540	6.32%
Other	2	$300,000	$150,000	$380	5.57%

For 2018, American Momentum Bank's most frequently cited loan purpose was Home Purchase, with 305 originations. The 2nd most popular reason was Refi, with 37 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	289	$83,505,000	$288,945	$4,392	4.72%
30+ year	26	$22,590,000	$868,846	$8,730	4.54%
15 Year	22	$5,400,000	$245,455	$3,660	4.24%
Other	21	$6,285,000	$299,286	$4,841	5.23%
10 Year	13	$1,615,000	$124,231	$1,648	5.65%
5 Year	5	$6,855,000	$1,371,000	$0	5.44%
20 Year	4	$900,000	$225,000	$5,326	4.63%

For 2018, American Momentum Bank's most frequently cited loan duration was 30 Year, with 289 originations. The 2nd most popular length was 30+ year, with 26 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	229	$81,375,000	$355,349
$<1k	49	$6,545,000	$133,571
$2k-3k	22	$9,490,000	$431,364
$3k-4k	10	$4,220,000	$422,000
$5k+	3	$2,875,000	$958,333
$4k-5k	1	$795,000	$795,000

American Momentum Bank's average total fees were $4,392, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 229 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	259	$98,695,000	$381,062
5-6%	75	$18,595,000	$247,933
3-4%	30	$8,500,000	$283,333
6-7%	10	$970,000	$97,000
2.5-3%	1	$325,000	$325,000
7-8%	1	$15,000	$15,000

During 2018, American Momentum Bank's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 259 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	129	$36,625,000	$283,915	$4,479	4.67%
$100k-200k	108	$16,040,000	$148,519	$3,455	4.75%
$400k-600k	55	$26,375,000	$479,545	$6,216	4.60%
$100,000 or less	54	$3,090,000	$57,222	$1,634	5.22%
$600k-1MM	20	$15,440,000	$772,000	$8,173	4.58%
$1MM+	14	$29,580,000	$2,112,857	$12,753	4.66%

2018 saw American Momentum Bank place emphasis on $200k-400k loans with 129 originations, totaling $36,625,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	89	$26,525,000	$298,034	$4,523	4.77%
$250k+	84	$51,030,000	$607,500	$6,385	4.64%
$100k-150k	64	$15,320,000	$239,375	$4,047	4.72%
$50k-75k	50	$8,510,000	$170,200	$4,039	4.74%
$75k-100k	40	$9,290,000	$232,250	$4,194	4.67%
$50k or less	33	$3,935,000	$119,242	$3,188	4.91%

American Momentum Bank lent most frequently to those with incomes in the $150k-250k range, with 89 originations. The second most popular income band? $250k+, with 84 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	83	$23,935,000	$288,373	$4,261	4.80%
30-36%	68	$27,660,000	$406,765	$4,781	4.78%
<20%	29	$10,185,000	$351,207	$4,746	4.60%
40%	22	$6,060,000	$275,455	$4,437	4.75%
42%	19	$6,365,000	$335,000	$5,240	4.62%
43%	18	$3,230,000	$179,444	$3,859	4.65%
38%	17	$4,545,000	$267,353	$4,337	4.71%
46%	17	$7,925,000	$466,176	$6,456	4.70%
41%	16	$4,360,000	$272,500	$3,413	4.95%
39%	15	$5,005,000	$333,667	$4,888	4.61%
49%	14	$3,960,000	$282,857	$5,175	4.39%
44%	11	$2,515,000	$228,636	$3,947	4.53%
36%	11	$4,365,000	$396,818	$5,456	4.66%
45%	7	$1,405,000	$200,714	$3,823	5.23%
48%	6	$1,400,000	$233,333	$4,560	4.96%
47%	4	$910,000	$227,500	$5,880	4.78%
37%	3	$775,000	$258,333	$4,376	4.13%
50-60%	2	$570,000	$285,000	$3,825	4.44%

American Momentum Bank lent most frequently to those with DTI ratios of 20-30%, with 83 originations. The next most common DTI ratio? 30-36%, with 68 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	269	$84,985,000	$315,929	$4,623	4.75%
Not provided	59	$18,255,000	$309,407	$4,591	4.59%
Not applicable	16	$11,900,000	$743,750	$0	5.27%
Asian	22	$8,250,000	$375,000	$5,380	4.70%
Black	11	$3,335,000	$303,182	$4,107	5.15%
Native Hawaiian or Islander	2	$320,000	$160,000	$3,174	4.56%
American Indian	1	$105,000	$105,000	$3,128	3.75%

Approval Rates

Total approvals of all applications
91.74%

American Momentum Bank has an average approval rate.

Pick Rate

Approvals leading to origination
70.26%

American Momentum Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	380	$127,150,000	$334,605

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	3	$7,955,000	$2,651,667
Single Family (1-4 Units):Site-Built	377	$119,195,000	$316,167

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	17	$5,115,000	$300,882	$3,330	4.61%
40-60%	46	$25,050,000	$544,565	$4,949	4.51%
60-80%	141	$51,865,000	$367,837	$5,233	4.75%
80-100%	148	$43,390,000	$293,176	$4,689	4.75%
Over 100%	1	$325,000	$325,000	$0	2.75%
Under 20%	26	$1,400,000	$53,846	$776	5.41%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
AMERICAN PACIFIC MORTGAGE	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	2	25.0%
AMERICAN PACIFIC MORTGAGE	Other type of mortgage	Closing on a mortgage	1	12.5%
AMERICAN PACIFIC MORTGAGE	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	12.5%
AMERICAN PACIFIC MORTGAGE	Conventional home mortgage	Trouble during payment process	2	25.0%
AMERICAN PACIFIC MORTGAGE	Conventional home mortgage	Closing on a mortgage	2	25.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
American Momentum Bank	1001 South Fort Harrison Avenue Clearwater, FL 33756	Full Service B&M	$36,921
American Momentum Bank	1119 E. Villa Maria Road Bryan, TX 77802	Full Service B&M	$14,624
American Momentum Bank	15150 North Florida Avenue Tampa, FL 33613	Full Service B&M	$25,377
American Momentum Bank	201 South Orange Orlando, FL 32801	Full Service B&M	$45,599
American Momentum Bank	3155 Daniels Road Winter Garden, FL 34787	Full Service B&M	$4,471
American Momentum Bank	3939 Mcintosh Road Sarasota, FL 34233	Full Service B&M	$32,673
American Momentum Bank	4030 Highway 6 South College Station, TX 77845	Full Service B&M	$50,775
American Momentum Bank	4830 W Kennedy Blvd Tampa, FL 33609	Full Service B&M	$157,113
American Momentum Bank	5201 Bahia Vista Sarasota, FL 34232	Limited, Mobile/Seasonal Office	$6,948
American Momentum Bank	5237 Summerlin Commons Blvd Fort Myers, FL 33907	Limited, Administrative	$0
American Momentum Bank	544 South Washington Boulevard Sarasota, FL 34236	Full Service B&M	$20,534
American Momentum Bank	5540 Fruitville Road Sarasota, FL 34232	Full Service B&M	$22,596
American Momentum Bank	5858 Central Avenue Saint Petersburg, FL 33707	Full Service B&M	$20,023
American Momentum Bank	8625 Tamiami Trail North Naples, FL 34108	Full Service B&M	$124,006
American Momentum Bank	One Momentum Boulevard College Station, TX 77845	Full Service B&M	$266,583

For 2018, American Momentum Bank had 15 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$47,467
Net interest income	$42,657
Total noninterest income	$5,414
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$625
Trading account gains and fees	$0
Additional Noninterest Income	$4,789
Pre-tax net operating income	$19,549
Securities gains (or losses, -)	$0
Income before extraordinary items	$14,816
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$14,816
Minority interest net income	$0
Net income	$14,816
Sale, conversion, retirement of capital stock, net	$185
Net operating income	$14,816

American Momentum Bank's gross interest income from loans was $47,467,000.
American Momentum Bank's net interest income from loans was $42,657,000.
American Momentum Bank's fee based income from loans was $625,000.
American Momentum Bank's net income from loans was $14,816,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,810
Provision for credit losses	$98
Total noninterest expense	$28,424
Salaries and employee benefits	$15,103
Premises and equipment expense	$5,536
Additional noninterest expense	$7,785
Applicable income taxes	$4,733
Net charge-offs	$-842
Cash dividends	$0

American Momentum Bank's interest expense for loans was $4,810,000.
American Momentum Bank's payroll and benefits expense were $15,103,000.
American Momentum Bank's property, plant and equipment expenses $5,536,000.

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	2.0%
HELOC loans	36.0%
All other family	0.0%
Commercial & industrial loans	5.0%
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	$827,339
Deposits held in domestic offices	$827,339
Deposits by Individuals, partnerships, and corporations	$827,296
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$43
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	$297,694
Demand deposits	$261,690
Nontransaction accounts	$529,645
Money market deposit accounts (MMDAs)	$449,021
Other savings deposits (excluding MMDAs)	$16,872
Total time deposits	$63,751
Total time and savings deposits	$565,649
Noninterest-bearing deposits	$280,272
Interest-bearing deposits	$547,067
Retail deposits	$800,239
IRAs and Keogh plan accounts	$4,770
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,088,974
Cash & Balances due from depository institutions	$29,320
Interest-bearing balances	$14,482
Total securities	$166,602
Federal funds sold & reverse repurchase	$0
Net loans and leases	$846,432
Loan and leases loss allowance	$11,125
Trading account assets	$0
Bank premises and fixed assets	$10,688
Other real estate owned	$15,093
Goodwill and other intangibles	$7,931
All other assets	$12,908

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,088,974
Total Liabilities	$863,010
Total deposits	$827,339
Interest-bearing deposits	$547,067
Deposits held in domestic offices	$827,339
% insured (estimated)	$49
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$32,000
Subordinated debt	$0
All other liabilities	$3,671

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$846,432
Loan and leases loss allowance	$11,125
Total loans and leases (domestic)	$857,557
All real estate loans	$815,551
Real estate loans in domestic offices	$815,551
Construction and development loans	$129,069
Residential 1-4 family construction	$28,507
Other construction, all land development and other land	$100,562
Loans secured by nonfarm nonresidential properties	$434,672
Nonfarm nonresidential secured by owner-occupied properties	$117,704
Commercial real estate & other non-farm, non-residential	$316,968
Multifamily residential real estate	$64,943
1-4 family residential loans	$186,142
Farmland loans	$725
Loans held in foreign offices	$0
Farm loans	$1,246
Commercial and industrial loans	$39,372
To non-U.S. addressees	$0
Loans to individuals	$1,192
Credit card loans	$0
Related Plans	$326
Consumer Auto Loans	$220
Other loans to individuals	$646
All other loans & leases	$196
Loans to foreign governments and official institutions	$0
Other loans	$196
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$1,056
Loans secured by real estate to non-U.S. addressees	$12,700
Restructured Loans & leases	$6,530
Non 1-4 family restructured loans & leases	$6,530
Total loans and leases (foreign)	$0

American Momentum Bank had $846,432,000 of loans outstanding in 2018. $815,551,000 of loans were in real estate loans. $129,069,000 of loans were in development loans. $64,943,000 of loans were in multifamily mortgage loans. $186,142,000 of loans were in 1-4 family mortgage loans. $1,246,000 of loans were in farm loans. $0 of loans were in credit card loans. $220,000 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	203	$38,578	$190,039
Nonfarm, nonresidential loans - <$100k	19	$721	$37,947
Nonfarm, nonresidential loans - $100-250k	57	$6,127	$107,491
Nonfarm, nonresidential loans - $250k-1MM	127	$31,730	$249,843
Commercial & Industrial, US addressed loans - <$1MM	249	$25,600	$102,811
Commercial & Industrial, US addressed loans - <$100k	83	$2,139	$25,771
Commercial & Industrial, US addressed loans - $100-250k	71	$5,487	$77,282
Commercial & Industrial, US addressed loans - $250k-1MM	95	$17,974	$189,200
Farmland loans - <$1MM	7	$724	$103,429
Farmland loans - <$100k	1	$44	$44,000
Farmland loans - $100-250k	5	$443	$88,600
Farmland loans - $250k-1MM	1	$237	$237,000
Agriculture operations loans - <$1MM	1	$401	$401,000
Agriculture operations loans - $250k-1MM	1	$401	$401,000