American Bank Center Mortgage Rates, Fees & Info
Dickinson, NDLEI: 549300UONVHJ0G6DSL23
Tax ID: 45-0342587
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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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Bismarck, Dickinson, Billings, Great Falls, and Minot among others. We have data for 20 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.
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
381Origination Dollar Volume (All Markets)
$104,125,000Top 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) | 115 | $36,265,000 | $315,348 | $0 | 0.00% |
| Outside of Metro Areas | 83 | $17,345,000 | $208,976 | $0 | 0.00% |
| Dickinson, ND (FHA|USDA|VA) | 44 | $11,890,000 | $270,227 | $0 | 0.00% |
| BILLINGS, MT (FHA|USDA|VA) | 34 | $11,110,000 | $326,765 | $0 | 0.00% |
| GREAT FALLS, MT (FHA|USDA|VA) | 37 | $8,395,000 | $226,892 | $0 | 0.00% |
| Minot, ND (FHA|USDA|VA) | 30 | $5,670,000 | $189,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 18 | $5,270,000 | $292,778 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $2,205,000 | $2,205,000 | $0 | 0.00% |
| Helena, MT (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $0 | 0.00% |
| MISSOULA, MT (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $0 | 0.00% |
| Willmar, MN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
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.
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Product Mix
For 2024, American Bank Center's most frequently originated type of loan was Conventional, with 339 originations. Their 2nd most popular type was FHA, with 26 originations.
Loan Reason
For 2024, American Bank Center's most frequently cited loan purpose was Home Purchase, with 312 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 381 | $104,125,000 | $273,294 | $0 | 0.00% |
For 2024, American Bank Center's most frequently cited loan duration was Other, with 381 originations.
Loan Sizing
2024 saw American Bank Center place emphasis on $200k-400k loans with 167 originations, totaling $47,315,000 in origination value.
Applicant Income
American Bank Center lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $50k-75k, with 72 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 381 | $104,125,000 | $273,294 | $0 | 0.00% |
American Bank Center lent most frequently to those with DTI ratios of Exempt%, with 381 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.63%
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 origination87.40%
American Bank Center has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 381 | $104,125,000 | $273,294 |