American Bank Of Oklahoma Mortgage Rates, Fees & Info
Collinsville, OKLEI: 549300ON2ILGPUVKZT28
Tax ID: 73-1517395
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Mortgage Data
Review & Overview
American Bank Of Oklahoma is a smaller bank specializing in Home Purchase and Refi loans. American Bank Of Oklahoma has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Tulsa, Muskogee, Dallas, Bartlesville, and Houston among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)American Bank Of Oklahoma 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 Bank Of Oklahoma 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.62% | 11/21/24 |
| 30 Year Conventional Refi | 6.61% | 11/21/24 |
| 30 Year Cash-out Refi | 6.89% | 11/21/24 |
| 30 Year FHA Purchase | 7.20% | 11/21/24 |
| 30 Year FHA Refi | 6.96% | 11/21/24 |
| 30 Year VA Purchase | 6.45% | 11/21/24 |
| 30 Year VA Refi | 6.27% | 11/21/24 |
| 30 Year USDA Purchase | 7.04% | 11/21/24 |
| 15 Year Conventional Purchase | 6.08% | 11/21/24 |
| 15 Year Conventional Refi | 6.17% | 11/21/24 |
| 15 Year Cash-out Refi | 6.17% | 11/21/24 |
| 15 Year FHA Refi | 6.51% | 11/21/24 |
| 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 Bank Of Oklahoma Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
656Origination Dollar Volume (All Markets)
$149,900,000Awards
American Bank of Oklahoma - 2022
American Bank of Oklahoma is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 343 | $85,825,000 | $250,219 | $6,464 | 5.19% |
| Muskogee, OK (FHA|USDA|VA) | 164 | $28,320,000 | $172,683 | $5,292 | 5.13% |
| Outside of Metro Areas | 66 | $15,140,000 | $229,394 | $5,035 | 5.40% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 16 | $4,640,000 | $290,000 | $6,447 | 4.66% |
| Bartlesville, OK (FHA|USDA|VA) | 21 | $3,845,000 | $183,095 | $5,031 | 5.46% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $3,290,000 | $411,250 | $9,764 | 5.03% |
| Tahlequah, OK (FHA|USDA|VA) | 10 | $2,200,000 | $220,000 | $6,820 | 3.99% |
| McAlester, OK (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $6,553 | 5.69% |
| Athens, TX (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $4,796 | 5.71% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $7,657 | 4.19% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $7,436 | 4.17% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,617 | 3.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $11,437 | 4.19% |
| Stillwater, OK (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,127 | 5.56% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $14,997 | 4.50% |
| Granbury, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,084 | 3.38% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,220 | 6.75% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,199 | 5.44% |
| Altus, OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,867 | 4.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,955 | 5.88% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,494 | 3.13% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,530 | 5.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against American Bank of Oklahoma based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, American Bank Of Oklahoma's most frequently originated type of loan was Conventional, with 418 originations. Their 2nd most popular type was FHA, with 173 originations.
Loan Reason
For 2022, American Bank Of Oklahoma's most frequently cited loan purpose was Home Purchase, with 471 originations. The 2nd most popular reason was Refi, with 107 originations.
Loan Duration/Length
For 2022, American Bank Of Oklahoma's most frequently cited loan duration was 30 Year, with 507 originations. The 2nd most popular length was Other, with 58 originations.
Origination Fees/Closing Costs
American Bank Of Oklahoma's average total fees were $6,527, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 330 originations.
Interest Rates
During 2022, American Bank Of Oklahoma's average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 5-6%, with 225 originations.
Loan Sizing
2022 saw American Bank Of Oklahoma place emphasis on $200k-400k loans with 249 originations, totaling $68,485,000 in origination value.
Applicant Income
American Bank Of Oklahoma lent most frequently to those with incomes in the $50k-75k range, with 154 originations. The second most popular income band? $100k-150k, with 128 originations.
Applicant Debt to Income Ratio
American Bank Of Oklahoma lent most frequently to those with DTI ratios of 20-30%, with 115 originations. The next most common DTI ratio? 30-36%, with 102 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.92%
American Bank Of Oklahoma has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.86%
American Bank Of Oklahoma has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 656 | $149,900,000 | $228,506 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |