American Momentum Bank Mortgage Rates, Fees & Info

College Station, TX

LEI: 549300IJB00VM6H8PP97

Tax ID: 16-1764661

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Mortgage Data

Bank 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: Tampa, College Station, Houston, Orlando, and Cape Coral among others. We have data for 22 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






Your Estimates

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

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

432

Origination Dollar Volume (All Markets)

$201,130,000

Employee count

272

Awards

American Momentum Bank 30 Year Conventional Loans silver American Momentum Bank 30 Year Conventional Loans silver American Momentum Bank 30 Year Conventional Loans bronze
Show all (3) 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
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 153 $68,535,000 $447,941 $4,701 4.40%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 164 $47,500,000 $289,634 $4,437 4.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $29,610,000 $2,467,500 $4,117 3.92%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 25 $26,875,000 $1,075,000 $8,369 3.95%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 32 $14,290,000 $446,563 $5,470 4.20%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $3,770,000 $942,500 $7,555 4.31%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 9 $1,955,000 $217,222 $3,221 4.67%
Outside of Metro Areas 9 $1,795,000 $199,444 $4,201 3.98%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,025,000 $205,000 $5,687 4.77%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $895,000 $895,000 $9,301 4.00%
LUBBOCK, TX (FHA|USDA|VA) 3 $665,000 $221,667 $4,821 3.71%
ODESSA, TX (FHA|USDA|VA) 3 $655,000 $218,333 $4,300 4.58%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $585,000 $585,000 $6,172 4.00%
MIDLAND, TX (FHA|USDA|VA) 1 $565,000 $565,000 $8,426 4.25%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $560,000 $280,000 $2,671 4.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $505,000 $505,000 $5,853 4.00%
AMARILLO, TX (FHA|USDA|VA) 2 $440,000 $220,000 $5,029 3.69%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $255,000 $255,000 $4,098 4.38%
Brenham, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,385 3.25%
Andrews, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,717 3.38%
GAINESVILLE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,403 4.50%
TYLER, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,017 3.88%
American Momentum Bank's top markets include Tampa, College Station, Houston, Orlando, and Cape Coral among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 416 $197,140,000 $473,894 $4,730 4.28%
    FHA 12 $2,510,000 $209,167 $8,035 4.18%
    VA 4 $1,480,000 $370,000 $9,185 4.00%

    For 2019, American Momentum Bank's most frequently originated type of loan was Conventional, with 416 originations. Their 2nd most popular type was FHA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 324 $167,300,000 $516,358 $5,206 4.29%
    Refi 59 $20,765,000 $351,949 $3,420 4.08%
    Cash Out Refi 43 $12,795,000 $297,558 $4,725 4.17%
    Home Improvement 6 $270,000 $45,000 $676 6.11%

    For 2019, American Momentum Bank's most frequently cited loan purpose was Home Purchase, with 324 originations. The 2nd most popular reason was Refi, with 59 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 325 $94,965,000 $292,200 $4,479 4.29%
    15 Year 35 $9,905,000 $283,000 $4,597 3.81%
    30+ year 32 $32,590,000 $1,018,438 $9,539 4.26%
    10 Year 15 $2,605,000 $173,667 $3,058 4.51%
    20 Year 9 $1,835,000 $203,889 $4,148 4.31%
    5 Year 8 $58,210,000 $7,276,250 $0 4.68%
    Other 8 $1,020,000 $127,500 $0 4.75%

    For 2019, American Momentum Bank's most frequently cited loan duration was 30 Year, with 325 originations. The 2nd most popular length was 15 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 287 $112,795,000 $393,014
    $<1k 41 $6,465,000 $157,683
    $2k-3k 15 $6,035,000 $402,333
    $3k-4k 5 $2,105,000 $421,000
    $5k+ 5 $2,255,000 $451,000
    $4k-5k 1 $225,000 $225,000

    American Momentum Bank's average total fees were $4,479, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 287 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 209 $59,865,000 $286,435
    3-4% 173 $75,535,000 $436,618
    5-6% 35 $37,195,000 $1,062,714
    6-7% 7 $465,000 $66,429
    2.5-3% 5 $27,955,000 $5,591,000
    <2.5% 2 $30,000 $15,000
    7-8% 1 $85,000 $85,000

    During 2019, American Momentum Bank's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 4-5%, with 209 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 168 $46,320,000 $275,714 $4,430 4.15%
    $100k-200k 124 $18,220,000 $146,935 $3,553 4.38%
    $400k-600k 52 $24,610,000 $473,269 $6,372 4.04%
    $100,000 or less 42 $2,640,000 $62,857 $1,633 4.84%
    $600k-1MM 27 $21,145,000 $783,148 $8,202 4.22%
    $1MM+ 19 $88,195,000 $4,641,842 $11,517 4.06%

    2019 saw American Momentum Bank place emphasis on $200k-400k loans with 168 originations, totaling $46,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 115 $68,405,000 $594,826 $6,118 4.34%
    $150k-250k 101 $32,015,000 $316,980 $4,983 4.27%
    $100k-150k 66 $15,890,000 $240,758 $5,041 4.21%
    $50k-75k 60 $11,480,000 $191,333 $4,026 4.26%
    $75k-100k 51 $10,695,000 $209,706 $3,887 4.31%
    $50k or less 29 $3,755,000 $129,483 $3,615 4.22%

    American Momentum Bank lent most frequently to those with incomes in the $250k+ range, with 115 originations. The second most popular income band? $150k-250k, with 101 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 95 $28,815,000 $303,316 $4,525 4.13%
    30-36% 80 $36,390,000 $454,875 $5,319 4.26%
    <20% 42 $18,540,000 $441,429 $4,888 4.31%
    42% 21 $7,455,000 $355,000 $5,423 4.27%
    41% 20 $6,760,000 $338,000 $4,702 4.37%
    38% 16 $6,020,000 $376,250 $4,868 4.22%
    45% 16 $4,740,000 $296,250 $4,692 4.13%
    37% 15 $3,395,000 $226,333 $6,059 4.61%
    44% 15 $3,485,000 $232,333 $5,062 4.34%
    46% 13 $2,925,000 $225,000 $4,605 4.22%
    49% 13 $2,955,000 $227,308 $4,697 4.06%
    47% 13 $3,325,000 $255,769 $3,931 4.22%
    39% 13 $4,295,000 $330,385 $5,356 4.32%
    40% 12 $2,340,000 $195,000 $3,979 4.41%
    48% 12 $2,710,000 $225,833 $3,981 4.75%
    36% 12 $3,750,000 $312,500 $5,094 4.78%
    43% 8 $2,690,000 $336,250 $5,543 4.20%
    50-60% 3 $625,000 $208,333 $7,551 4.79%
    >60% 1 $105,000 $105,000 $2,481 4.63%

    American Momentum Bank lent most frequently to those with DTI ratios of 20-30%, with 95 originations. The next most common DTI ratio? 30-36%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 327 $114,715,000 $350,810 $4,913 4.27%
    Not applicable 9 $58,385,000 $6,487,222 $0 3.78%
    Not provided 68 $21,090,000 $310,147 $4,983 4.30%
    Asian 21 $5,615,000 $267,381 $4,464 4.42%
    Black 2 $590,000 $295,000 $3,871 3.94%
    Native Hawaiian or Islander 3 $425,000 $141,667 $3,661 4.33%
    Other Asian 1 $195,000 $195,000 $0 5.12%
    Asian Indian 1 $115,000 $115,000 $3,671 4.38%

    Approval Rates

    Total approvals of all applications
    91.64%

    American Momentum Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.62%

    American Momentum Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 432 $201,130,000 $465,579

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $56,160,000 $28,080,000
    Single Family (1-4 Units):Site-Built 430 $144,970,000 $337,140

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $5,050,000 $252,500 $3,350 4.72%
    40-60% 59 $77,295,000 $1,310,085 $4,318 3.98%
    60-80% 171 $57,335,000 $335,292 $5,000 4.31%
    80-100% 160 $59,530,000 $372,063 $5,426 4.25%
    Over 100% 2 $730,000 $365,000 $13,400 4.00%
    Under 20% 20 $1,190,000 $59,500 $469 4.61%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN BANCSHARES MORTGAGE, LLC Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    American Momentum Bank 1001 South Fort Harrison Avenue, Suite 100 Clearwater, FL 33756 Full Service B&M $25,867
    American Momentum Bank 1119 E. Villa Maria Road Bryan, TX 77802 Full Service B&M $24,436
    American Momentum Bank 15150 North Florida Avenue Tampa, FL 33613 Full Service B&M $25,826
    American Momentum Bank 200 South Main Street Andrews, TX 79714 Full Service B&M $137,784
    American Momentum Bank 201 South Orange Orlando, FL 32801 Full Service B&M $47,974
    American Momentum Bank 2525 North Grandview Odessa, TX 79761 Full Service B&M $103,378
    American Momentum Bank 3018 Kermit Hwy Odessa, TX 79764 Full Service B&M $46,095
    American Momentum Bank 3155 Daniels Road, 3155 Winter Garden, FL 34787 Full Service B&M $5,657
    American Momentum Bank 3939 Mcintosh Road Sarasota, FL 34233 Full Service B&M $30,796
    American Momentum Bank 4030 Highway 6 South College Station, TX 77845 Full Service B&M $38,339
    American Momentum Bank 407 N. Big Spring Midland, TX 79701 Full Service B&M $145,554
    American Momentum Bank 4409 W. Wadley Ave. Midland, TX 79707 Full Service B&M $69,393
    American Momentum Bank 4830 W Kennedy Blvd Tampa, FL 33609 Full Service B&M $156,031
    American Momentum Bank 500 South Washington Boulevard Sarasota, FL 34236 Full Service B&M $23,752
    American Momentum Bank 505 North Main Street Seminole, TX 79360 Full Service B&M $47,231
    American Momentum Bank 5201 Bahia Vista Sarasota, FL 34232 Limited, Mobile/Seasonal Office $5,672
    American Momentum Bank 5237 Summerlin Commons Blvd Fort Myers, FL 33907 Limited, Administrative $0
    American Momentum Bank 5540 Fruitville Road Sarasota, FL 34232 Full Service B&M $25,516
    American Momentum Bank 5858 Central Avenue Saint Petersburg, FL 33707 Full Service B&M $16,964
    American Momentum Bank 6533 82nd Street Lubbock, TX 79423 Full Service B&M $34,967
    American Momentum Bank 8625 Tamiami Trail North Naples, FL 34108 Full Service B&M $110,258
    American Momentum Bank One Momentum Boulevard College Station, TX 77845 Full Service B&M $290,610

    For 2019, American Momentum Bank had 22 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $83,275
    Net interest income $72,524
    Total noninterest income $9,561
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,340
    Trading account gains and fees $0
    Additional Noninterest Income $8,221
    Pre-tax net operating income $34,513
    Securities gains (or losses, -) $220
    Income before extraordinary items $26,402
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,402
    Minority interest net income $0
    Net income $26,402
    Sale, conversion, retirement of capital stock, net $541
    Net operating income $26,228

    American Momentum Bank's gross interest income from loans was $83,275,000.
    American Momentum Bank's net interest income from loans was $72,524,000.
    American Momentum Bank's fee based income from loans was $1,340,000.
    American Momentum Bank's net income from loans was $26,402,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,751
    Provision for credit losses $2,473
    Total noninterest expense $45,099
    Salaries and employee benefits $24,233
    Premises and equipment expense $5,791
    Additional noninterest expense $15,075
    Applicable income taxes $8,331
    Net charge-offs $2,724
    Cash dividends $0

    American Momentum Bank's interest expense for loans was $10,751,000.
    American Momentum Bank's payroll and benefits expense were $24,233,000.
    American Momentum Bank's property, plant and equipment expenses $5,791,000.

    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 42.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,476,556
    Deposits held in domestic offices $1,476,556
    Deposits by Individuals, partnerships, and corporations $1,452,186
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,144
    Deposits by Commercial banks and other depository institutions in U.S. $226
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $668,007
    Demand deposits $586,589
    Nontransaction accounts $808,549
    Money market deposit accounts (MMDAs) $496,240
    Other savings deposits (excluding MMDAs) $59,548
    Total time deposits $252,762
    Total time and savings deposits $889,967
    Noninterest-bearing deposits $668,007
    Interest-bearing deposits $808,549
    Retail deposits $1,352,472
    IRAs and Keogh plan accounts $13,819
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,741,998
    Cash & Balances due from depository institutions $169,491
    Interest-bearing balances $131,355
    Total securities $183,558
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,283,959
    Loan and leases loss allowance $10,874
    Trading account assets $0
    Bank premises and fixed assets $24,711
    Other real estate owned $15,781
    Goodwill and other intangibles $37,294
    All other assets $27,204

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,741,998
    Total Liabilities $1,487,614
    Total deposits $1,476,556
    Interest-bearing deposits $808,549
    Deposits held in domestic offices $1,476,556
    % insured (estimated) $53
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $4,935
    All other liabilities $6,123

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,283,959
    Loan and leases loss allowance $10,874
    Total loans and leases (domestic) $1,294,833
    All real estate loans $1,047,405
    Real estate loans in domestic offices $1,047,405
    Construction and development loans $193,525
    Residential 1-4 family construction $74,002
    Other construction, all land development and other land $119,523
    Loans secured by nonfarm nonresidential properties $565,508
    Nonfarm nonresidential secured by owner-occupied properties $184,499
    Commercial real estate & other non-farm, non-residential $381,009
    Multifamily residential real estate $63,600
    1-4 family residential loans $211,331
    Farmland loans $13,441
    Loans held in foreign offices $0
    Farm loans $8,988
    Commercial and industrial loans $234,173
    To non-U.S. addressees $0
    Loans to individuals $4,072
    Credit card loans $0
    Related Plans $361
    Consumer Auto Loans $1,171
    Other loans to individuals $2,540
    All other loans & leases $194
    Loans to foreign governments and official institutions $0
    Other loans $194
    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 $13,749
    Restructured Loans & leases $6,409
    Non 1-4 family restructured loans & leases $6,409
    Total loans and leases (foreign) $0

    American Momentum Bank had $1,283,959,000 of loans outstanding in 2019. $1,047,405,000 of loans were in real estate loans. $193,525,000 of loans were in development loans. $63,600,000 of loans were in multifamily mortgage loans. $211,331,000 of loans were in 1-4 family mortgage loans. $8,988,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,171,000 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 500 $128,904 $257,808
    Nonfarm, nonresidential loans - <$100k 162 $9,154 $56,506
    Nonfarm, nonresidential loans - $100-250k 157 $26,381 $168,032
    Nonfarm, nonresidential loans - $250k-1MM 181 $93,369 $515,851
    Commercial & Industrial, US addressed loans - <$1MM 1,168 $97,856 $83,781
    Commercial & Industrial, US addressed loans - <$100k 927 $26,649 $28,748
    Commercial & Industrial, US addressed loans - $100-250k 143 $22,102 $154,559
    Commercial & Industrial, US addressed loans - $250k-1MM 98 $49,105 $501,071
    Farmland loans - <$1MM 46 $6,361 $138,283
    Farmland loans - <$100k 22 $1,230 $55,909
    Farmland loans - $100-250k 16 $2,824 $176,500
    Farmland loans - $250k-1MM 8 $2,307 $288,375
    Agriculture operations loans - <$1MM 66 $5,766 $87,364
    Agriculture operations loans - <$100k 46 $1,355 $29,457
    Agriculture operations loans - $100-250k 15 $2,511 $167,400
    Agriculture operations loans - $250k-1MM 5 $1,900 $380,000