American Bank Center Mortgage Rates, Fees & Info

Dickinson, ND

LEI: 549300UONVHJ0G6DSL23

Tax ID: 45-0342587

5 stars - Updated: 9/25/23 - out of 5 stars, based on 22 reviews

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

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Mortgage Data

Review & Overview

American Bank Center is a smaller bank specializing in Home Purchase loans. American Bank Center has a high proportion of conventional loans. They have a low ratio of USDA 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: Bismarck, Great Falls, Dickinson, Billings, and Minot among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

American Bank Center 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 Center 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 6.42% 9/25/23
30 Year Conventional Refi 6.13% 9/25/23
30 Year Cash-out Refi 6.57% 9/25/23
30 Year FHA Purchase 7.69% 9/25/23
30 Year VA Purchase 6.56% 9/25/23
30 Year VA Refi 6.27% 9/25/23
30 Year USDA Purchase 6.65% 9/25/23
15 Year Conventional Purchase 6.10% 9/25/23
15 Year Conventional Refi 5.95% 9/25/23
15 Year Cash-out Refi 5.95% 9/25/23
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 Center Mortgage Calculator






Your Estimates

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

This is not an official calculator from American Bank Center. 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

471

Origination Dollar Volume (All Markets)

$134,225,000
Show all (6) awards

Relative Rate

American Bank Center's average 30 year fixed mortgage rate was 4.71%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.05%.

Relative Fees (Closing Costs)

American Bank Center's average total fees/closing costs for a 30 year fixed rate mortgage were $5,629.

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 $4,750.

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
BISMARCK, ND (FHA|USDA|VA) 105 $36,365,000 $346,333 $5,004 4.39%
Outside of Metro Areas 116 $22,490,000 $193,879 $4,509 4.78%
GREAT FALLS, MT (FHA|USDA|VA) 65 $20,745,000 $319,154 $5,909 4.55%
Dickinson, ND (FHA|USDA|VA) 76 $19,960,000 $262,632 $4,969 4.89%
BILLINGS, MT (FHA|USDA|VA) 56 $18,500,000 $330,357 $7,084 5.25%
Minot, ND (FHA|USDA|VA) 22 $6,000,000 $272,727 $5,593 4.90%
FARGO, ND-MN (FHA|USDA|VA) 6 $1,810,000 $301,667 $6,218 4.68%
Kalispell, MT (FHA|USDA|VA) 4 $1,460,000 $365,000 $5,215 5.16%
RAPID CITY, SD (FHA|USDA|VA) 2 $1,310,000 $655,000 $5,513 4.81%
Williston, ND (FHA|USDA|VA) 2 $1,100,000 $550,000 $0 5.64%
GRAND FORKS, ND-MN (FHA|USDA|VA) 6 $1,050,000 $175,000 $3,806 4.56%
Helena, MT (FHA|USDA|VA) 2 $780,000 $390,000 $6,899 4.31%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $615,000 $205,000 $4,746 5.58%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $555,000 $555,000 $7,291 3.50%
MISSOULA, MT (FHA|USDA|VA) 1 $545,000 $545,000 $6,869 3.88%
Butte-Silver Bow, MT (FHA|USDA|VA) 2 $400,000 $200,000 $0 5.73%
Bozeman, MT (FHA|USDA|VA) 1 $355,000 $355,000 $0 5.38%
MANKATO, MN (FHA|USDA|VA) 1 $185,000 $185,000 $3,846 5.25%
American Bank Center's top markets include Bismarck, Great Falls, Dickinson, Billings, and Minot among others.

Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against American Bank Center based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    WESTERN COOPERATIVE CREDIT UNION
    Similarity Rank: 35
    Montana Federal Credit Union
    Similarity Rank: 48
    The Yellowstone Bank
    Similarity Rank: 74
    BILLINGS
    Similarity Rank: 198
    Altana Federal Credit Union
    Similarity Rank: 225
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 396
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 435
    Starion Bank
    Similarity Rank: 440
    Dacotah Bank
    Similarity Rank: 476
    CAPITAL CREDIT UNION
    Similarity Rank: 704

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 445 $128,615,000 $289,022 $5,056 4.75%
    USDA 17 $3,775,000 $222,059 $7,745 4.71%
    FHA 8 $1,600,000 $200,000 $7,917 4.94%
    VA 1 $235,000 $235,000 $8,054 5.20%

    For 2022, American Bank Center's most frequently originated type of loan was Conventional, with 445 originations. Their 2nd most popular type was USDA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 355 $108,325,000 $305,141 $5,663 4.89%
    Refi 52 $13,420,000 $258,077 $3,795 4.21%
    Cash Out Refi 34 $8,620,000 $253,529 $5,178 4.00%
    Other 16 $2,400,000 $150,000 $2,787 4.51%
    Home Improvement 14 $1,460,000 $104,286 $1,296 5.26%

    For 2022, American Bank Center's most frequently cited loan purpose was Home Purchase, with 355 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 279 $74,945,000 $268,620 $5,629 4.71%
    20 Year 51 $10,995,000 $215,588 $4,730 4.94%
    Other 45 $21,015,000 $467,000 $3,648 5.24%
    15 Year 45 $10,895,000 $242,111 $3,770 4.03%
    5 Year 23 $2,955,000 $128,478 $140 4.90%
    10 Year 18 $9,890,000 $549,444 $6,935 4.74%
    1 Year 5 $925,000 $185,000 $180 5.90%
    30+ year 4 $2,370,000 $592,500 $7,280 5.47%
    3 Year 1 $235,000 $235,000 $0 4.25%

    For 2022, American Bank Center's most frequently cited loan duration was 30 Year, with 279 originations. The 2nd most popular length was 20 Year, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 87 $24,805,000 $285,115
    $2k-3k 84 $17,070,000 $203,214
    $4k-5k 58 $20,890,000 $360,172
    $<1k 55 $10,715,000 $194,818
    $1k-2k 49 $5,865,000 $119,694
    $5k+ 39 $22,485,000 $576,538

    American Bank Center's average total fees were $5,629, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 87 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 138 $33,180,000 $240,435
    4-5% 125 $37,275,000 $298,200
    3-4% 107 $37,145,000 $347,150
    6-7% 50 $13,090,000 $261,800
    2.5-3% 25 $6,465,000 $258,600
    <2.5% 13 $3,115,000 $239,615
    7-8% 9 $1,825,000 $202,778
    % 3 $295,000 $98,333
    Over 8% 1 $1,835,000 $1,835,000

    During 2022, American Bank Center's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 5-6%, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 191 $52,155,000 $273,063 $5,711 4.72%
    $100k-200k 126 $19,190,000 $152,302 $4,210 4.77%
    $100,000 or less 67 $4,005,000 $59,776 $1,584 4.92%
    $400k-600k 59 $27,395,000 $464,322 $7,024 4.58%
    $600k-1MM 21 $14,855,000 $707,381 $8,455 4.85%
    $1MM+ 7 $16,625,000 $2,375,000 $14,222 4.68%

    2022 saw American Bank Center place emphasis on $200k-400k loans with 191 originations, totaling $52,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 101 $29,585,000 $292,921 $5,536 4.54%
    $75k-100k 77 $16,895,000 $219,416 $5,384 4.88%
    $50k-75k 75 $13,915,000 $185,533 $5,062 4.74%
    $150k-250k 65 $23,205,000 $357,000 $6,178 4.76%
    $50k or less 49 $5,845,000 $119,286 $3,697 4.44%
    $250k+ 24 $12,140,000 $505,833 $7,391 4.78%

    American Bank Center lent most frequently to those with incomes in the $100k-150k range, with 101 originations. The second most popular income band? $75k-100k, with 77 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 81 $20,915,000 $258,210 $5,051 4.35%
    30-36% 79 $19,145,000 $242,342 $4,983 4.58%
    <20% 33 $8,355,000 $253,182 $4,241 4.56%
    40% 23 $7,995,000 $347,609 $5,341 4.38%
    44% 22 $5,530,000 $251,364 $5,334 4.61%
    38% 22 $6,390,000 $290,455 $6,291 4.56%
    41% 18 $5,200,000 $288,889 $5,739 4.48%
    36% 16 $3,580,000 $223,750 $5,144 4.79%
    42% 12 $2,980,000 $248,333 $4,791 5.08%
    39% 12 $3,130,000 $260,833 $5,098 5.58%
    43% 11 $3,305,000 $300,455 $4,796 3.94%
    45% 11 $3,255,000 $295,909 $5,833 4.22%
    37% 10 $2,960,000 $296,000 $5,515 4.29%
    49% 9 $2,085,000 $231,667 $5,424 5.26%
    47% 8 $2,150,000 $268,750 $5,146 5.08%
    46% 8 $2,260,000 $282,500 $4,936 5.33%
    48% 6 $1,960,000 $326,667 $6,276 4.89%
    50-60% 2 $620,000 $310,000 $6,836 5.01%
    >60% 2 $1,050,000 $525,000 $9,859 4.88%

    American Bank Center lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? 30-36%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 397 $102,905,000 $259,207 $5,180 4.68%
    Not applicable 45 $23,165,000 $514,778 $13,997 5.24%
    Not provided 22 $6,350,000 $288,636 $5,130 5.01%
    Asian 3 $915,000 $305,000 $6,273 4.58%
    Black 3 $645,000 $215,000 $5,305 4.39%
    American Indian 1 $245,000 $245,000 $9,988 4.88%

    Approval Rates

    Total approvals of all applications
    96.94%

    American Bank Center 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
    87.26%

    American Bank Center has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 471 $134,225,000 $284,979

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    471 $134,225,000 $284,979

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $5,315,000 $161,061 $2,238 4.87%
    40-60% 46 $11,970,000 $260,217 $5,017 4.70%
    60-80% 183 $64,055,000 $350,027 $5,555 4.72%
    80-100% 187 $51,295,000 $274,305 $5,905 4.75%
    Over 100% 1 $235,000 $235,000 $8,054 5.20%
    Under 20% 21 $1,355,000 $64,524 $501 4.86%

    Complaints

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