American Interstate Bank Mortgage Rates, Fees & Info

ELKHORN, NE

LEI: 549300J3TZX7Q4LX5I08

Tax ID: 47-0157590

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    American Interstate Bank is a smaller bank specializing in Home Purchase loans. American Interstate Bank has a high proportion of conventional loans.

    American Interstate Bank has an above average approval rate when compared to the average across all lenders.

    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.

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    Originations

    74

    Origination Dollar Volume (All Markets)

    $11,520,000

    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
    Outside of Metro Areas 74 $11,520,000 $155,676 $0 0.00%
    American Interstate Bank's top markets include

    Their top states include:
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 74 $11,520,000 $155,676 $0 0.00%

    For 2018, American Interstate Bank's most frequently originated type of loan was Conventional, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $5,690,000 $203,214 $0 0.00%
    Refi 20 $2,090,000 $104,500 $0 0.00%
    Other 18 $2,230,000 $123,889 $0 0.00%
    Cash Out Refi 8 $1,510,000 $188,750 $0 0.00%

    For 2018, American Interstate Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 74 $11,520,000 $155,676 $0 0.00%

    For 2018, American Interstate Bank's most frequently cited loan duration was Other, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 32 $4,480,000 $140,000 $0 0.00%
    $100,000 or less 28 $1,630,000 $58,214 $0 0.00%
    $200k-400k 11 $2,895,000 $263,182 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%
    $400k-600k 1 $445,000 $445,000 $0 0.00%
    $600k-1MM 1 $865,000 $865,000 $0 0.00%

    2018 saw American Interstate Bank place emphasis on $100k-200k loans with 32 originations, totaling $4,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 7 $755,000 $107,857 $0 0.00%
    $100k-150k 6 $1,040,000 $173,333 $0 0.00%
    $150k-250k 6 $720,000 $120,000 $0 0.00%
    $50k or less 5 $605,000 $121,000 $0 0.00%
    $50k-75k 3 $415,000 $138,333 $0 0.00%
    $250k+ 1 $155,000 $155,000 $0 0.00%

    American Interstate Bank lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $100k-150k, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 43 $7,495,000 $174,302 $0 0.00%
    White 25 $3,615,000 $144,600 $0 0.00%
    Black 6 $410,000 $68,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    American Interstate Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 74 $11,520,000 $155,676

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $2,085,000 $417,000
    Single Family (1-4 Units):Site-Built 69 $9,435,000 $136,739

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERICAN INTERNET MORTGAGE Other type of mortgage Trouble during payment process 1 11.1%
    AMERICAN INTERNET MORTGAGE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Trouble during payment process 4 44.4%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 22.2%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Closing on a mortgage 1 11.1%