Ameristate Bank Mortgage Rates, Fees & Info

Atoka, OK

LEI: 549300NXKD4J4RBJI403

Tax ID: 73-0133600

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

    Ameristate Bank is a smaller bank specializing in Home Purchase and Refi loans. Ameristate Bank has a high proportion of conventional loans. Their top (well, only) market is Sherman.

    Ameristate Bank has an average approval rate when compared to the average across all lenders. They have a below 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

    99

    Origination Dollar Volume (All Markets)

    $16,575,000

    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 $12,540,000 $165,000 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 23 $4,035,000 $175,435 $0 0.00%
    Ameristate Bank's top markets include and Sherman among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $16,575,000 $167,424 $0 0.00%

    For 2022, Ameristate Bank's most frequently originated type of loan was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $11,630,000 $181,719 $0 0.00%
    Refi 29 $4,605,000 $158,793 $0 0.00%
    Other 4 $270,000 $67,500 $0 0.00%
    Home Improvement 2 $70,000 $35,000 $0 0.00%

    For 2022, Ameristate Bank's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 99 $16,575,000 $167,424 $0 0.00%

    For 2022, Ameristate Bank's most frequently cited loan duration was Other, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,640,000 $57,391 $0 0.00%
    $100k-200k 33 $4,645,000 $140,758 $0 0.00%
    $200k-400k 15 $4,065,000 $271,000 $0 0.00%
    $1MM+ 2 $3,570,000 $1,785,000 $0 0.00%
    $400k-600k 2 $1,020,000 $510,000 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2022 saw Ameristate Bank place emphasis on $100,000 or less loans with 46 originations, totaling $2,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $2,200,000 $157,143 $0 0.00%
    $75k-100k 13 $1,485,000 $114,231 $0 0.00%
    $150k-250k 9 $2,115,000 $235,000 $0 0.00%
    $50k or less 9 $575,000 $63,889 $0 0.00%
    $50k-75k 8 $690,000 $86,250 $0 0.00%
    $250k+ 4 $520,000 $130,000 $0 0.00%

    Ameristate Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 99 $16,575,000 $167,424 $0 0.00%

    Ameristate Bank lent most frequently to those with DTI ratios of Exempt%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 33 $7,785,000 $235,909 $0 0.00%
    White 53 $6,695,000 $126,321 $0 0.00%
    American Indian 11 $1,795,000 $163,182 $0 0.00%
    Not provided 2 $300,000 $150,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.80%

    Ameristate Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.88%

    Ameristate Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 99 $16,575,000 $167,424

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    99 $16,575,000 $167,424

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    AMERIS BANCORP Conventional home mortgage Trouble during payment process 1 100.0%