American National Bank & Trust Mortgage Rates, Fees & Info
Wichita Falls, TXLEI: 549300LG8MECYD8F2A55
Tax ID: 75-1511306
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Mortgage Data
Review & Overview
American National Bank & Trust is a smaller bank specializing in Home Purchase loans. American National Bank & Trust 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: Dallas, Wichita Falls, Oklahoma City, Vernon, and Gainesville among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)American National Bank & Trust 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 National Bank & Trust is typically an average 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.43% | 12/4/23 |
| 30 Year Conventional Refi | 6.40% | 12/4/23 |
| 30 Year Cash-out Refi | 6.46% | 12/4/23 |
| 30 Year FHA Purchase | 6.93% | 12/4/23 |
| 30 Year VA Purchase | 5.96% | 12/4/23 |
| 15 Year Conventional Purchase | 5.81% | 12/4/23 |
| 15 Year Conventional Refi | 5.91% | 12/4/23 |
| 15 Year Cash-out Refi | 5.91% | 12/4/23 |
| 15 Year FHA Purchase | 7.36% | 12/4/23 |
| 15 Year VA Purchase | 5.90% | 12/4/23 |
| 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 National Bank & Trust Mortgage Calculator
Your Estimates
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This is not an official calculator from American National Bank & Trust. 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
593Origination Dollar Volume (All Markets)
$193,765,000Awards
American National Bank & Trust - 2022
American National Bank & Trust is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
American National Bank & Trust's average 30 year fixed mortgage rate was
4.96%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.2%.
Relative Fees (Closing Costs)
American National Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,417.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 200 | $100,710,000 | $503,550 | $6,863 | 5.14% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 317 | $59,845,000 | $188,785 | $3,914 | 4.80% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $9,955,000 | $9,955,000 | $0 | 3.75% |
| Outside of Metro Areas | 24 | $5,930,000 | $247,083 | $3,246 | 4.98% |
| Vernon, TX (FHA|USDA|VA) | 13 | $2,055,000 | $158,077 | $3,965 | 5.09% |
| Gainesville, TX (FHA|USDA|VA) | 7 | $1,565,000 | $223,571 | $6,120 | 5.02% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 5.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $10,318 | 5.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $3,031 | 3.72% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $5,552 | 5.50% |
| WACO, TX (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $0 | 4.75% |
| Granbury, TX (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $6,837 | 5.67% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $4,536 | 4.50% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $4,466 | 5.17% |
| Taos, NM (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 6.50% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $6,574 | 2.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $6,985 | 5.63% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,777 | 5.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,379 | 6.25% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,513 | 6.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,764 | 5.50% |
| Bonham, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,877 | 6.88% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,270 | 6.75% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,713 | 5.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,862 | 2.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against American National Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 95
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 504 | $171,980,000 | $341,230 | $4,426 | 5.01% |
| VA | 54 | $14,880,000 | $275,556 | $6,990 | 4.55% |
| FHA | 35 | $6,905,000 | $197,286 | $7,299 | 4.70% |
For 2022, American National Bank & Trust's most frequently originated type of loan was Conventional, with 504 originations. Their 2nd most popular type was VA, with 54 originations.
Loan Reason
For 2022, American National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 405 originations. The 2nd most popular reason was Cash Out Refi, with 107 originations.
Loan Duration/Length
For 2022, American National Bank & Trust's most frequently cited loan duration was 30 Year, with 376 originations. The 2nd most popular length was 15 Year, with 74 originations.
Origination Fees/Closing Costs
American National Bank & Trust's average total fees were $5,417, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 424 originations.
Interest Rates
During 2022, American National Bank & Trust's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 5-6%, with 217 originations.
Loan Sizing
2022 saw American National Bank & Trust place emphasis on $200k-400k loans with 196 originations, totaling $56,690,000 in origination value.
Applicant Income
American National Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 139 originations. The second most popular income band? $150k-250k, with 105 originations.
Applicant Debt to Income Ratio
American National Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 111 originations. The next most common DTI ratio? 30-36%, with 92 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.59%
American National Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination82.97%
American National Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 593 | $193,765,000 | $326,754 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| American Financial Network Inc. | FHA mortgage | Trouble during payment process | 1 | 100.0% |