American State Bank Mortgage Rates, Fees & Info
Arp, TXLEI: 549300VR7DBNPPSMHV60
Tax ID: 75-0118190
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Mortgage Data
Review & Overview
American State Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. American State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Dallas, Lubbock, Tyler, and Amarillo among others. We have data for 39 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
261Origination Dollar Volume (All Markets)
$290,125,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 47 | $50,335,000 | $1,070,957 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 14 | $40,100,000 | $2,864,286 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 41 | $24,535,000 | $598,415 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 43 | $21,865,000 | $508,488 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 15 | $20,385,000 | $1,359,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $16,005,000 | $16,005,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 5 | $15,295,000 | $3,059,000 | $0 | 0.00% |
| Outside of Metro Areas | 23 | $12,495,000 | $543,261 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $10,160,000 | $2,540,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $9,255,000 | $9,255,000 | $0 | 0.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $8,930,000 | $4,465,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $7,005,000 | $7,005,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $5,565,000 | $5,565,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $5,565,000 | $5,565,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $5,415,000 | $1,083,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $3,885,000 | $777,000 | $0 | 0.00% |
| Kingsville, TX (FHA|USDA|VA) | 2 | $3,610,000 | $1,805,000 | $0 | 0.00% |
| Pearsall, TX (FHA|USDA|VA) | 2 | $3,250,000 | $1,625,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 2 | $3,150,000 | $1,575,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 0.00% |
| Huntsville, TX (FHA|USDA|VA) | 2 | $2,560,000 | $1,280,000 | $0 | 0.00% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $2,455,000 | $2,455,000 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 12 | $2,390,000 | $199,167 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $2,130,000 | $1,065,000 | $0 | 0.00% |
| Palestine, TX (FHA|USDA|VA) | 2 | $1,940,000 | $970,000 | $0 | 0.00% |
| Bonham, TX (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $0 | 0.00% |
| Lufkin, TX (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Plainview, TX (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Dumas, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 261 | $290,125,000 | $1,111,590 | $0 | 0.00% |
For 2022, American State Bank's most frequently originated type of loan was Conventional, with 261 originations.
Loan Reason
For 2022, American State Bank's most frequently cited loan purpose was Home Purchase, with 169 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 261 | $290,125,000 | $1,111,590 | $0 | 0.00% |
For 2022, American State Bank's most frequently cited loan duration was Other, with 261 originations.
Loan Sizing
2022 saw American State Bank place emphasis on $1MM+ loans with 61 originations, totaling $224,845,000 in origination value.
Applicant Income
American State Bank lent most frequently to those with incomes in the $250k+ range, with 50 originations. The second most popular income band? $150k-250k, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 261 | $290,125,000 | $1,111,590 | $0 | 0.00% |
American State Bank lent most frequently to those with DTI ratios of Exempt%, with 261 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.52%
American State Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.44%
American State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 261 | $290,125,000 | $1,111,590 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |