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 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% | 11/17/24 |
| 30 Year Conventional Refi | 6.40% | 11/17/24 |
| 30 Year Cash-out Refi | 6.46% | 11/17/24 |
| 30 Year FHA Purchase | 6.93% | 11/17/24 |
| 30 Year VA Purchase | 5.96% | 11/17/24 |
| 15 Year Conventional Purchase | 5.81% | 11/17/24 |
| 15 Year Conventional Refi | 5.91% | 11/17/24 |
| 15 Year Cash-out Refi | 5.91% | 11/17/24 |
| 15 Year FHA Purchase | 7.36% | 11/17/24 |
| 15 Year VA Purchase | 5.90% | 11/17/24 |
| 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
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This is not an official calculator from American National Bank & Trust. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
690Origination Dollar Volume (All Markets)
$200,840,000Awards
American National Bank & Trust - 2023
American National Bank & Trust is a 2023 , due to their low .
For 2023, 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
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% |
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: 70
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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
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
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
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
2023 saw American National Bank & Trust place emphasis on $200k-400k loans with 232 originations, totaling $67,740,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.78%
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 origination78.70%
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 |