First American Bank And Trust Company Mortgage Rates, Fees & Info

Athens, GA

LEI: 549300WHACUOETOKO184

Tax ID: 58-0550806

5 stars - Updated: 5/26/24 - out of 5 stars, based on 14 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

First American Bank And Trust Company is a smaller bank specializing in Home Purchase loans. First American Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Athens, Auburn, Atlanta, Gainesville, and Jefferson among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

First American Bank And Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. First American Bank And Trust Company 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 relatively high 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 6.40% 5/26/24
30 Year Conventional Refi 6.35% 5/26/24
30 Year Cash-out Refi 6.66% 5/26/24
15 Year Conventional Purchase 5.57% 5/26/24
15 Year Conventional Refi 6.16% 5/26/24
15 Year Cash-out Refi 6.16% 5/26/24
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.

First American Bank And Trust Company Mortgage Calculator






Your Estimates

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

This is not an official calculator from First American Bank And Trust Company. 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

200

Origination Dollar Volume (All Markets)

$93,460,000

Awards

First American Bank and Trust Company 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

First American Bank And Trust Company's average 30 year fixed mortgage rate was 6.54%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.06%.

Relative Fees (Closing Costs)

First American Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $5,389.

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 $9,089.

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
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 130 $50,870,000 $391,308 $4,658 6.65%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $11,495,000 $11,495,000 $0 6.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 29 $10,025,000 $345,690 $5,892 6.67%
Outside of Metro Areas 21 $7,795,000 $371,190 $4,149 6.74%
GAINESVILLE, GA (FHA|USDA|VA) 4 $7,690,000 $1,922,500 $4,212 6.73%
Jefferson, GA (FHA|USDA|VA) 9 $3,575,000 $397,222 $7,886 6.57%
SAVANNAH, GA (FHA|USDA|VA) 1 $905,000 $905,000 $5,715 6.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $405,000 $405,000 $4,492 6.32%
Alexander City, AL (FHA|USDA|VA) 1 $255,000 $255,000 $4,462 7.99%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,557 6.38%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $205,000 $205,000 $3,397 6.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.50%
First American Bank And Trust Company's top markets include Athens, Auburn, Atlanta, Gainesville, and Jefferson among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

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

    LGE COMMUNITY
    Similarity Rank: 546
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    East West Bank
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    SANCTUARY HOME MORTGAGE LLC
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    PEACH STATE FEDERAL CREDIT UNION
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    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 1700
    VICTORY MORTGAGE, L.L.C.
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    COCA-COLA
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    South Pacific Financial Corporation
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 200 $93,460,000 $467,300 $4,911 6.66%

    For 2023, First American Bank And Trust Company's most frequently originated type of loan was Conventional, with 200 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 145 $74,845,000 $516,172 $5,373 6.55%
    Refi 43 $14,525,000 $337,791 $1,962 7.00%
    Other 5 $1,735,000 $347,000 $3,366 6.62%
    Cash Out Refi 5 $1,465,000 $293,000 $5,262 6.62%
    Home Improvement 2 $890,000 $445,000 $5,096 7.63%

    For 2023, First American Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 115 $48,325,000 $420,217 $5,389 6.54%
    Other 37 $31,945,000 $863,378 $875 7.02%
    5 Year 17 $3,105,000 $182,647 $0 6.80%
    1 Year 10 $3,810,000 $381,000 $3,686 7.77%
    15 Year 8 $2,070,000 $258,750 $5,287 5.68%
    10 Year 8 $3,150,000 $393,750 $2,824 5.90%
    3 Year 3 $255,000 $85,000 $0 7.26%
    20 Year 2 $800,000 $400,000 $4,861 6.49%

    For 2023, First American Bank And Trust Company's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was Other, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 57 $20,285,000 $355,877
    $1k-2k 28 $9,130,000 $326,071
    $2k-3k 19 $7,455,000 $392,368
    $3k-4k 16 $5,500,000 $343,750
    $5k+ 15 $9,015,000 $601,000
    $4k-5k 9 $4,395,000 $488,333

    First American Bank And Trust Company's average total fees were $5,389, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 101 $50,405,000 $499,059
    7-8% 51 $21,175,000 $415,196
    5-6% 43 $20,255,000 $471,047
    Over 8% 4 $1,330,000 $332,500
    4-5% 1 $295,000 $295,000

    During 2023, First American Bank And Trust Company's average interest rate for loans was 6.54%, while their most frequently originated rate bucket for loans was 6-7%, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 86 $26,090,000 $303,372 $4,630 6.60%
    $600k-1MM 29 $21,685,000 $747,759 $7,397 6.50%
    $100,000 or less 28 $1,650,000 $58,929 $1,599 7.03%
    $400k-600k 27 $12,755,000 $472,407 $5,207 6.60%
    $100k-200k 23 $3,525,000 $153,261 $3,569 6.73%
    $1MM+ 7 $27,755,000 $3,965,000 $12,170 6.57%

    2023 saw First American Bank And Trust Company place emphasis on $200k-400k loans with 86 originations, totaling $26,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 49 $20,215,000 $412,551 $5,974 6.63%
    $250k+ 42 $20,730,000 $493,571 $4,971 6.76%
    $100k-150k 34 $10,650,000 $313,235 $4,506 6.55%
    $75k-100k 18 $5,310,000 $295,000 $5,027 6.71%
    $50k-75k 14 $2,430,000 $173,571 $3,095 6.89%
    $50k or less 9 $1,535,000 $170,556 $2,596 6.88%

    First American Bank And Trust Company lent most frequently to those with incomes in the $150k-250k range, with 49 originations. The second most popular income band? $250k+, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $10,605,000 $342,097 $5,098 6.49%
    30-36% 27 $10,245,000 $379,444 $4,785 6.61%
    <20% 25 $7,305,000 $292,200 $3,632 6.64%
    41% 11 $5,715,000 $519,545 $5,443 6.41%
    44% 7 $3,355,000 $479,286 $4,280 6.52%
    49% 7 $2,465,000 $352,143 $6,472 6.12%
    43% 6 $2,350,000 $391,667 $4,581 7.23%
    50-60% 6 $1,370,000 $228,333 $3,455 6.86%
    45% 5 $1,755,000 $351,000 $6,433 6.60%
    38% 5 $1,745,000 $349,000 $3,865 6.57%
    48% 4 $1,500,000 $375,000 $4,239 6.59%
    >60% 3 $2,105,000 $701,667 $8,405 8.08%
    36% 3 $1,395,000 $465,000 $4,540 6.62%
    39% 3 $1,285,000 $428,333 $5,899 6.58%
    40% 3 $1,455,000 $485,000 $8,489 6.53%
    47% 2 $830,000 $415,000 $7,275 6.81%
    42% 2 $1,320,000 $660,000 $7,037 7.13%
    37% 2 $680,000 $340,000 $4,971 6.81%
    46% 1 $185,000 $185,000 $3,047 7.00%

    First American Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 144 $51,120,000 $355,000 $4,801 6.74%
    Not applicable 31 $32,015,000 $1,032,742 $0 6.52%
    Not provided 17 $7,195,000 $423,235 $6,001 6.32%
    Asian 4 $2,280,000 $570,000 $5,115 6.53%
    Black 4 $850,000 $212,500 $3,277 6.59%

    Approval Rates

    Total approvals of all applications
    96.92%

    First American Bank And Trust Company 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
    90.00%

    First American Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 200 $93,460,000 $467,300

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    200 $93,460,000 $467,300

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $5,215,000 $193,148 $2,360 6.93%
    40-60% 33 $10,405,000 $315,303 $5,021 6.70%
    60-80% 70 $47,330,000 $676,143 $5,276 6.60%
    80-100% 57 $29,645,000 $520,088 $5,720 6.53%
    Under 20% 13 $865,000 $66,538 $1,658 6.89%