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 Cash Out Refi and 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. They have an above average pick rate when compared to similar 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

    76

    Origination Dollar Volume (All Markets)

    $15,370,000

    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 76 $15,370,000 $202,237 $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 76 $15,370,000 $202,237 $0 0.00%

    For 2019, American Interstate Bank's most frequently originated type of loan was Conventional, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 24 $3,430,000 $142,917 $0 0.00%
    Home Purchase 22 $9,630,000 $437,727 $0 0.00%
    Refi 19 $1,415,000 $74,474 $0 0.00%
    Other 9 $875,000 $97,222 $0 0.00%
    Home Improvement 2 $20,000 $10,000 $0 0.00%

    For 2019, American Interstate Bank's most frequently cited loan purpose was Cash Out Refi, with 24 originations. The 2nd most popular reason was Home Purchase, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 76 $15,370,000 $202,237 $0 0.00%

    For 2019, American Interstate Bank's most frequently cited loan duration was Other, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 34 $4,760,000 $140,000 $0 0.00%
    $100,000 or less 32 $2,040,000 $63,750 $0 0.00%
    $200k-400k 5 $1,215,000 $243,000 $0 0.00%
    $1MM+ 3 $6,415,000 $2,138,333 $0 0.00%
    $400k-600k 2 $940,000 $470,000 $0 0.00%

    2019 saw American Interstate Bank place emphasis on $100k-200k loans with 34 originations, totaling $4,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $680,000 $113,333 $0 0.00%
    $50k or less 5 $355,000 $71,000 $0 0.00%
    $75k-100k 4 $750,000 $187,500 $0 0.00%
    $250k+ 2 $220,000 $110,000 $0 0.00%
    $150k-250k 1 $95,000 $95,000 $0 0.00%
    $50k-75k 1 $205,000 $205,000 $0 0.00%

    American Interstate Bank lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $50k or less, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 57 $13,065,000 $229,211 $0 0.00%
    White 19 $2,305,000 $121,316 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.50%

    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
    97.37%

    American Interstate Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 76 $15,370,000 $202,237

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $5,605,000 $1,868,333
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 72 $9,670,000 $134,306

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Trouble during payment process 4 100.0%