American National Bank & Trust Mortgage Rates, Fees & Info

Wichita Falls, TX

LEI: 549300LG8MECYD8F2A55

Tax ID: 75-1511306

5 stars - Updated: 7/20/24 - out of 5 stars, based on 26 reviews

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

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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 an average proportion of FHA loans. Their top markets by origination volume include: Dallas, Wichita Falls, Gainesville, Sherman, and Austin among others. We have data for 42 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 relatively high 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% 7/20/24
30 Year Conventional Refi 6.40% 7/20/24
30 Year Cash-out Refi 6.46% 7/20/24
30 Year FHA Purchase 6.93% 7/20/24
30 Year VA Purchase 5.96% 7/20/24
15 Year Conventional Purchase 5.81% 7/20/24
15 Year Conventional Refi 5.91% 7/20/24
15 Year Cash-out Refi 5.91% 7/20/24
15 Year FHA Purchase 7.36% 7/20/24
15 Year VA Purchase 5.90% 7/20/24
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 National Bank & Trust Mortgage Calculator






Your Estimates

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

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

690

Origination Dollar Volume (All Markets)

$200,840,000
Show all (5) awards

Relative Rate

American National Bank & Trust's average 30 year fixed mortgage rate was 6.85%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.37%.

Relative Fees (Closing Costs)

American National Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $6,738.

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 $9,089.

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) 215 $90,125,000 $419,186 $8,428 7.05%
WICHITA FALLS, TX (FHA|USDA|VA) 285 $51,585,000 $181,000 $4,434 6.84%
Gainesville, TX (FHA|USDA|VA) 50 $13,290,000 $265,800 $6,554 7.05%
SHERMAN-DENISON, TX (FHA|USDA|VA) 32 $10,450,000 $326,563 $7,488 6.92%
Outside of Metro Areas 26 $8,570,000 $329,615 $6,441 7.20%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $3,760,000 $470,000 $8,172 7.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $2,225,000 $741,667 $12,933 7.38%
Vernon, TX (FHA|USDA|VA) 18 $2,070,000 $115,000 $4,406 6.57%
MIDLAND, TX (FHA|USDA|VA) 1 $1,325,000 $1,325,000 $10,963 7.63%
Corsicana, TX (FHA|USDA|VA) 3 $1,285,000 $428,333 $5,901 6.75%
WACO, TX (FHA|USDA|VA) 7 $1,265,000 $180,714 $4,482 7.54%
Stephenville, TX (FHA|USDA|VA) 2 $1,150,000 $575,000 $13,264 7.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $1,060,000 $530,000 $7,760 7.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $965,000 $965,000 $17,575 6.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $860,000 $430,000 $7,513 7.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $855,000 $855,000 $3,496 7.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $775,000 $775,000 $12,345 7.25%
LUBBOCK, TX (FHA|USDA|VA) 4 $690,000 $172,500 $3,453 6.84%
Mineral Wells, TX (FHA|USDA|VA) 3 $645,000 $215,000 $4,986 7.25%
Rockport, TX (FHA|USDA|VA) 1 $635,000 $635,000 $13,362 7.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $580,000 $290,000 $2,535 7.31%
Levelland, TX (FHA|USDA|VA) 1 $575,000 $575,000 $12,331 7.25%
AMARILLO, TX (FHA|USDA|VA) 2 $570,000 $285,000 $10,572 7.00%
Bonham, TX (FHA|USDA|VA) 1 $455,000 $455,000 $9,126 7.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $455,000 $455,000 $0 8.50%
El Campo, TX (FHA|USDA|VA) 1 $445,000 $445,000 $10,250 7.00%
EL PASO, TX (FHA|USDA|VA) 1 $395,000 $395,000 $7,674 6.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $395,000 $395,000 $16,234 6.50%
Ruidoso, NM (FHA|USDA|VA) 1 $385,000 $385,000 $7,631 7.75%
LAWTON, OK (FHA|USDA|VA) 2 $380,000 $190,000 $14,331 6.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $375,000 $375,000 $4,308 6.50%
SAN ANGELO, TX (FHA|USDA|VA) 1 $325,000 $325,000 $7,248 7.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $315,000 $315,000 $0 8.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $8,862 7.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $2,531 7.50%
Brownwood, TX (FHA|USDA|VA) 1 $225,000 $225,000 $7,613 6.13%
ABILENE, TX (FHA|USDA|VA) 1 $215,000 $215,000 $2,096 7.50%
TYLER, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,050 6.75%
Paris, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,227 7.50%
Palestine, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,431 8.50%
Muskogee, OK (FHA|USDA|VA) 1 $85,000 $85,000 $2,008 7.50%
Athens, TX (FHA|USDA|VA) 1 $65,000 $65,000 $4,209 6.00%
American National Bank & Trust's top markets include Dallas, Wichita Falls, Gainesville, Sherman, and Austin among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • 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.

    TEXOMA COMMUNITY CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 591 $175,505,000 $296,963 $5,676 7.07%
    FHA 51 $11,485,000 $225,196 $9,407 6.49%
    VA 48 $13,850,000 $288,542 $9,878 6.13%

    For 2023, American National Bank & Trust's most frequently originated type of loan was Conventional, with 591 originations. Their 2nd most popular type was FHA, with 51 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 524 $159,610,000 $304,599 $7,012 6.87%
    Other 53 $6,265,000 $118,208 $3,402 7.42%
    Cash Out Refi 50 $16,220,000 $324,400 $6,693 7.29%
    Home Improvement 34 $9,590,000 $282,059 $3,015 7.43%
    Refi 29 $9,155,000 $315,690 $4,375 6.66%

    For 2023, American National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 524 originations. The 2nd most popular reason was Other, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 568 $170,010,000 $299,313 $6,738 6.85%
    15 Year 46 $7,560,000 $164,348 $3,736 6.66%
    5 Year 24 $9,690,000 $403,750 $0 8.75%
    Other 18 $3,520,000 $195,556 $4,385 7.67%
    20 Year 12 $2,550,000 $212,500 $4,696 7.02%
    10 Year 11 $1,615,000 $146,818 $1,329 7.60%
    1 Year 7 $4,135,000 $590,714 $0 8.71%
    30+ year 2 $1,060,000 $530,000 $6,831 5.63%
    3 Year 2 $700,000 $350,000 $0 8.75%

    For 2023, American National Bank & Trust's most frequently cited loan duration was 30 Year, with 568 originations. The 2nd most popular length was 15 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 313 $68,945,000 $220,272
    $5k+ 78 $47,540,000 $609,487
    $1k-2k 61 $12,495,000 $204,836
    $2k-3k 59 $16,925,000 $286,864
    $3k-4k 36 $12,850,000 $356,944
    $4k-5k 23 $10,715,000 $465,870

    American National Bank & Trust's average total fees were $6,738, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 313 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 268 $79,210,000 $295,560
    7-8% 250 $79,120,000 $316,480
    5-6% 111 $26,105,000 $235,180
    Over 8% 60 $15,680,000 $261,333
    4-5% 1 $725,000 $725,000

    During 2023, American National Bank & Trust's average interest rate for loans was 6.85%, while their most frequently originated rate bucket for loans was 6-7%, with 268 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 232 $67,740,000 $291,983 $7,000 6.89%
    $100k-200k 190 $28,260,000 $148,737 $4,089 6.88%
    $100,000 or less 125 $8,025,000 $64,200 $2,759 7.18%
    $400k-600k 72 $35,190,000 $488,750 $9,318 7.01%
    $600k-1MM 61 $44,005,000 $721,393 $11,146 6.90%
    $1MM+ 10 $17,620,000 $1,762,000 $15,444 7.68%

    2023 saw American National Bank & Trust place emphasis on $200k-400k loans with 232 originations, totaling $67,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 158 $39,760,000 $251,646 $6,175 6.86%
    $150k-250k 140 $48,060,000 $343,286 $6,963 7.05%
    $250k+ 134 $65,140,000 $486,119 $9,168 7.07%
    $75k-100k 94 $17,950,000 $190,957 $5,738 6.87%
    $50k-75k 76 $10,980,000 $144,474 $4,572 6.51%
    $50k or less 48 $4,890,000 $101,875 $3,973 6.47%

    American National Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 158 originations. The second most popular income band? $150k-250k, with 140 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 111 $28,525,000 $256,982 $5,306 6.75%
    30-36% 100 $31,470,000 $314,700 $6,145 6.85%
    50-60% 61 $17,005,000 $278,770 $8,145 7.05%
    <20% 41 $11,015,000 $268,659 $5,638 6.79%
    40% 33 $10,875,000 $329,545 $7,334 6.83%
    41% 33 $9,915,000 $300,455 $6,356 6.67%
    42% 32 $8,290,000 $259,063 $5,408 6.89%
    38% 28 $7,990,000 $285,357 $6,862 6.89%
    49% 24 $6,760,000 $281,667 $6,097 7.12%
    45% 24 $7,890,000 $328,750 $9,046 6.96%
    39% 22 $4,600,000 $209,091 $6,744 6.47%
    43% 22 $6,240,000 $283,636 $5,965 7.01%
    47% 22 $5,640,000 $256,364 $6,660 6.78%
    46% 20 $5,540,000 $277,000 $5,468 7.02%
    44% 19 $6,675,000 $351,316 $6,445 6.83%
    >60% 16 $3,650,000 $228,125 $4,941 6.95%
    37% 15 $4,445,000 $296,333 $6,769 6.66%
    48% 14 $4,420,000 $315,714 $7,297 6.86%
    36% 12 $3,850,000 $320,833 $5,935 6.92%

    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 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 489 $136,555,000 $279,254 $6,209 6.88%
    Not provided 124 $38,310,000 $308,952 $6,460 6.90%
    Not applicable 33 $12,305,000 $372,879 $0 8.65%
    Asian 24 $9,740,000 $405,833 $10,968 6.70%
    Black 12 $2,760,000 $230,000 $5,483 7.01%
    American Indian 6 $690,000 $115,000 $3,419 6.58%
    Native Hawaiian or Islander 2 $480,000 $240,000 $8,314 6.63%

    Approval Rates

    Total approvals of all applications
    97.78%

    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 origination
    78.70%

    American National Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 690 $200,840,000 $291,072

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    690 $200,840,000 $291,072

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 77 $13,965,000 $181,364 $3,685 7.00%
    40-60% 63 $19,765,000 $313,730 $5,085 7.03%
    60-80% 200 $72,560,000 $362,800 $7,133 7.16%
    80-100% 290 $86,100,000 $296,897 $6,973 6.78%
    Over 100% 14 $4,090,000 $292,143 $14,544 5.81%
    Under 20% 46 $4,360,000 $94,783 $2,779 7.48%