American State Bank Mortgage Rates, Fees & Info

Arp, TX

LEI: 549300VR7DBNPPSMHV60

Tax ID: 75-0118190

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Mortgage Data

Review & Overview

American State Bank is a smaller bank specializing in Home Purchase loans. American State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Dallas, Amarillo, Tyler, and Lufkin among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

American State Bank 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.

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Originations

93

Origination Dollar Volume (All Markets)

$54,075,000

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $12,505,000 $833,667 $0 0.00%
Outside of Metro Areas 14 $11,000,000 $785,714 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 8 $6,850,000 $856,250 $0 0.00%
AMARILLO, TX (FHA|USDA|VA) 13 $5,955,000 $458,077 $0 0.00%
TYLER, TX (FHA|USDA|VA) 10 $5,010,000 $501,000 $0 0.00%
Lufkin, TX (FHA|USDA|VA) 4 $2,810,000 $702,500 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 10 $2,520,000 $252,000 $0 0.00%
Jacksonville, TX (FHA|USDA|VA) 1 $965,000 $965,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $785,000 $785,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $775,000 $775,000 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
Huntsville, TX (FHA|USDA|VA) 1 $725,000 $725,000 $0 0.00%
Gainesville, TX (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
Athens, TX (FHA|USDA|VA) 3 $645,000 $215,000 $0 0.00%
Bonham, TX (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
Granbury, TX (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
Plainview, TX (FHA|USDA|VA) 3 $235,000 $78,333 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
TULSA, OK (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Snyder, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Nacogdoches, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
American State Bank's top markets include Houston, Dallas, Amarillo, Tyler, and Lufkin among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $54,075,000 $581,452 $0 0.00%

    For 2023, American State Bank's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 59 $40,145,000 $680,424 $0 0.00%
    Cash Out Refi 20 $5,080,000 $254,000 $0 0.00%
    Refi 10 $4,420,000 $442,000 $0 0.00%
    Other 3 $4,235,000 $1,411,667 $0 0.00%
    Home Improvement 1 $195,000 $195,000 $0 0.00%

    For 2023, American State Bank's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $54,075,000 $581,452 $0 0.00%

    For 2023, American State Bank's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 26 $4,060,000 $156,154 $0 0.00%
    $600k-1MM 17 $13,835,000 $813,824 $0 0.00%
    $100,000 or less 14 $1,040,000 $74,286 $0 0.00%
    $200k-400k 13 $3,825,000 $294,231 $0 0.00%
    $1MM+ 12 $26,080,000 $2,173,333 $0 0.00%
    $400k-600k 11 $5,235,000 $475,909 $0 0.00%

    2023 saw American State Bank place emphasis on $100k-200k loans with 26 originations, totaling $4,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 17 $19,115,000 $1,124,412 $0 0.00%
    $150k-250k 15 $7,305,000 $487,000 $0 0.00%
    $75k-100k 7 $1,755,000 $250,714 $0 0.00%
    $100k-150k 6 $1,950,000 $325,000 $0 0.00%
    $50k or less 3 $315,000 $105,000 $0 0.00%
    $50k-75k 1 $155,000 $155,000 $0 0.00%

    American State Bank lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $150k-250k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $54,075,000 $581,452 $0 0.00%

    American State Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 44 $23,480,000 $533,636 $0 0.00%
    White 35 $19,595,000 $559,857 $0 0.00%
    Black 5 $6,245,000 $1,249,000 $0 0.00%
    Not provided 6 $2,550,000 $425,000 $0 0.00%
    Asian 3 $2,205,000 $735,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.73%

    American State Bank 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
    87.10%

    American State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 93 $54,075,000 $581,452

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    93 $54,075,000 $581,452