American National Bank & Trust Mortgage Rates, Fees & Info

Wichita Falls, TX

LEI: 549300LG8MECYD8F2A55

Tax ID: 75-1511306

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 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% 11/22/24
    30 Year Conventional Refi 6.40% 11/22/24
    30 Year Cash-out Refi 6.46% 11/22/24
    30 Year FHA Purchase 6.93% 11/22/24
    30 Year VA Purchase 5.96% 11/22/24
    15 Year Conventional Purchase 5.81% 11/22/24
    15 Year Conventional Refi 5.91% 11/22/24
    15 Year Cash-out Refi 5.91% 11/22/24
    15 Year FHA Purchase 7.36% 11/22/24
    15 Year VA Purchase 5.90% 11/22/24
    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

    593

    Origination Dollar Volume (All Markets)

    $193,765,000
    Show all (7) awards

    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%
    American National Bank & Trust's top markets include Dallas, Wichita Falls, Oklahoma City, Vernon, and Gainesville among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Florida (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
    Similarity Rank: 80
    Extraco Banks
    Similarity Rank: 336
    AAXY L.L.C.
    Similarity Rank: 792
    TEXANS
    Similarity Rank: 1170
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1179
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 1290
    DATCU
    Similarity Rank: 1548
    Texas Bank and Trust Company
    Similarity Rank: 1566
    LONE STAR
    Similarity Rank: 1752
    Opendoor Home Loans LLC
    Similarity Rank: 2000

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 405 $135,325,000 $334,136 $5,523 5.03%
    Cash Out Refi 107 $38,575,000 $360,514 $3,991 4.83%
    Refi 61 $17,285,000 $283,361 $3,051 4.51%
    Home Improvement 15 $1,985,000 $132,333 $3,116 5.25%
    Other 5 $595,000 $119,000 $2,374 5.98%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 376 $114,270,000 $303,910 $5,417 4.96%
    15 Year 74 $11,580,000 $156,486 $3,298 4.60%
    Other 54 $16,870,000 $312,407 $4,304 5.00%
    5 Year 33 $33,055,000 $1,001,667 $0 5.21%
    10 Year 29 $10,435,000 $359,828 $2,264 4.99%
    1 Year 12 $3,900,000 $325,000 $6,781 5.46%
    20 Year 8 $1,510,000 $188,750 $2,909 4.92%
    30+ year 6 $1,990,000 $331,667 $5,440 5.77%
    3 Year 1 $155,000 $155,000 $0 5.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 424 $107,950,000 $254,599
    $1k-2k 26 $6,760,000 $260,000
    $5k+ 19 $17,065,000 $898,158
    $2k-3k 15 $4,425,000 $295,000
    $3k-4k 11 $3,545,000 $322,273
    $4k-5k 8 $3,540,000 $442,500

    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

    Loan Rate Originations Total Value Average Loan
    5-6% 217 $72,395,000 $333,618
    4-5% 168 $46,710,000 $278,036
    3-4% 105 $47,185,000 $449,381
    6-7% 59 $17,255,000 $292,458
    2.5-3% 21 $3,795,000 $180,714
    7-8% 17 $4,405,000 $259,118
    <2.5% 5 $1,665,000 $333,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 196 $56,690,000 $289,235 $5,304 5.05%
    $100k-200k 180 $26,920,000 $149,556 $3,865 4.77%
    $100,000 or less 98 $6,240,000 $63,673 $2,471 4.95%
    $400k-600k 72 $34,000,000 $472,222 $6,135 5.06%
    $600k-1MM 31 $22,295,000 $719,194 $7,391 5.09%
    $1MM+ 16 $47,620,000 $2,976,250 $22,618 4.98%

    2022 saw American National Bank & Trust place emphasis on $200k-400k loans with 196 originations, totaling $56,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 139 $37,945,000 $272,986 $4,885 4.96%
    $150k-250k 105 $33,825,000 $322,143 $4,879 5.03%
    $50k-75k 89 $13,135,000 $147,584 $4,181 4.68%
    $75k-100k 86 $14,730,000 $171,279 $4,120 5.09%
    $250k+ 73 $44,755,000 $613,082 $8,447 5.21%
    $50k or less 44 $4,680,000 $106,364 $3,192 4.45%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 111 $28,805,000 $259,505 $4,886 4.81%
    30-36% 92 $23,360,000 $253,913 $4,233 4.82%
    50-60% 52 $15,290,000 $294,038 $6,276 5.05%
    <20% 35 $10,345,000 $295,571 $4,816 5.01%
    39% 25 $6,615,000 $264,600 $4,322 4.89%
    37% 22 $5,840,000 $265,455 $5,032 4.78%
    43% 21 $8,215,000 $391,190 $6,503 5.29%
    38% 20 $6,890,000 $344,500 $4,995 4.89%
    36% 18 $5,370,000 $298,333 $4,363 5.03%
    45% 17 $3,795,000 $223,235 $5,031 4.81%
    40% 17 $5,185,000 $305,000 $4,937 4.97%
    44% 16 $7,500,000 $468,750 $5,596 4.85%
    47% 15 $4,555,000 $303,667 $5,299 5.12%
    41% 14 $2,780,000 $198,571 $3,330 4.17%
    46% 14 $4,460,000 $318,571 $5,666 5.26%
    49% 13 $3,545,000 $272,692 $4,777 4.88%
    42% 12 $2,790,000 $232,500 $3,504 5.20%
    48% 10 $1,790,000 $179,000 $4,310 5.31%
    >60% 9 $1,565,000 $173,889 $4,652 5.54%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 417 $107,275,000 $257,254 $4,608 4.92%
    Not applicable 46 $42,900,000 $932,609 $0 5.13%
    Not provided 96 $33,700,000 $351,042 $6,247 4.98%
    Black 16 $4,900,000 $306,250 $5,125 5.13%
    Asian 11 $3,025,000 $275,000 $4,224 4.95%
    American Indian 7 $1,965,000 $280,714 $5,653 4.96%

    Approval Rates

    Total approvals of all applications
    95.59%

    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 origination
    82.97%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    593 $193,765,000 $326,754

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $19,910,000 $452,500 $3,060 4.87%
    40-60% 82 $23,640,000 $288,293 $3,985 4.54%
    60-80% 185 $76,175,000 $411,757 $5,174 4.97%
    80-100% 225 $66,705,000 $296,467 $5,523 5.05%
    Over 100% 12 $3,240,000 $270,000 $9,880 4.31%
    Under 20% 44 $3,920,000 $89,091 $2,557 5.36%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    American Financial Network Inc. FHA mortgage Trouble during payment process 1 100.0%