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

Athens, GA

LEI: 549300WHACUOETOKO184

Tax ID: 58-0550806

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Atlanta, Jefferson, Cullowhee, and Gainesville among others. We have data for 22 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.40% 11/22/24
    30 Year Conventional Refi 6.35% 11/22/24
    30 Year Cash-out Refi 6.66% 11/22/24
    15 Year Conventional Purchase 5.57% 11/22/24
    15 Year Conventional Refi 6.16% 11/22/24
    15 Year Cash-out Refi 6.16% 11/22/24
    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

    298

    Origination Dollar Volume (All Markets)

    $106,580,000

    Awards

    First American Bank and Trust Company 30 Year Conventional Loans silver First American Bank and Trust Company 30 Year Conventional Loans bronze First American Bank and Trust Company 30 Year Conventional Loans silver
    Show all (3) awards

    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) 180 $62,110,000 $345,056 $4,221 4.55%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 47 $18,645,000 $396,702 $4,917 4.81%
    Outside of Metro Areas 27 $10,085,000 $373,519 $4,003 4.66%
    Jefferson, GA (FHA|USDA|VA) 14 $5,320,000 $380,000 $5,642 4.57%
    Cullowhee, NC (FHA|USDA|VA) 2 $1,790,000 $895,000 $4,228 4.54%
    GAINESVILLE, GA (FHA|USDA|VA) 3 $1,545,000 $515,000 $6,562 5.88%
    Milledgeville, GA (FHA|USDA|VA) 4 $1,030,000 $257,500 $3,068 4.53%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $805,000 $805,000 $4,531 3.75%
    BRUNSWICK, GA (FHA|USDA|VA) 3 $775,000 $258,333 $5,573 5.22%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $615,000 $615,000 $10,254 5.50%
    ROME, GA (FHA|USDA|VA) 2 $580,000 $290,000 $5,252 5.50%
    Cornelia, GA (FHA|USDA|VA) 2 $570,000 $285,000 $5,280 4.13%
    COLUMBIA, SC (FHA|USDA|VA) 3 $555,000 $185,000 $0 5.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $485,000 $485,000 $4,240 3.25%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $445,000 $445,000 $4,160 3.13%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $275,000 $275,000 $5,794 3.50%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,346 6.99%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,398 3.75%
    Toccoa, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.54%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,022 3.00%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $115,000 $115,000 $3,213 4.75%
    Greenwood, SC (FHA|USDA|VA) 1 $75,000 $75,000 $4,451 5.50%
    First American Bank And Trust Company's top markets include Athens, Atlanta, Jefferson, Cullowhee, and Gainesville among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (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: 594
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 2249
    Opendoor Home Loans LLC
    Similarity Rank: 2300
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 2632
    PEACH STATE FEDERAL CREDIT UNION
    Similarity Rank: 2660
    CDC Federal Credit Union
    Similarity Rank: 2830
    CONSUMERS COOPERATIVE CREDIT UNION
    Similarity Rank: 3264
    IVY MORTGAGE, INC.
    Similarity Rank: 3648
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 4212
    First American Bank and Trust Company
    Similarity Rank: 4290

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 297 $106,035,000 $357,020 $4,451 4.63%
    HELOC 1 $545,000 $545,000 n/a 4.00%

    For 2022, First American Bank And Trust Company's most frequently originated type of loan was Conventional, with 297 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 181 $77,675,000 $429,144 $4,717 4.68%
    Refi 74 $17,510,000 $236,622 $3,643 4.82%
    Cash Out Refi 36 $10,830,000 $300,833 $4,331 3.85%
    Other 5 $465,000 $93,000 $1,917 5.29%
    Home Improvement 2 $100,000 $50,000 $0 5.00%

    For 2022, First American Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 181 originations. The 2nd most popular reason was Refi, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 169 $67,165,000 $397,426 $4,717 4.58%
    5 Year 47 $8,715,000 $185,426 $0 5.10%
    Other 38 $14,590,000 $383,947 $1,224 5.11%
    15 Year 24 $8,380,000 $349,167 $4,420 3.54%
    1 Year 7 $3,405,000 $486,429 $4,218 5.06%
    20 Year 6 $1,740,000 $290,000 $4,254 3.91%
    3 Year 4 $420,000 $105,000 $0 4.53%
    10 Year 3 $2,165,000 $721,667 $2,473 2.86%

    For 2022, First American Bank And Trust Company's most frequently cited loan duration was 30 Year, with 169 originations. The 2nd most popular length was 5 Year, with 47 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 98 $40,010,000 $408,265
    $1k-2k 51 $14,525,000 $284,804
    $2k-3k 22 $7,060,000 $320,909
    $3k-4k 18 $5,620,000 $312,222
    $5k+ 18 $9,150,000 $508,333
    $4k-5k 8 $3,320,000 $415,000

    First American Bank And Trust Company's average total fees were $4,717, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 98 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 84 $37,060,000 $441,190
    5-6% 83 $24,595,000 $296,325
    4-5% 77 $25,975,000 $337,338
    6-7% 24 $6,270,000 $261,250
    2.5-3% 16 $8,550,000 $534,375
    <2.5% 10 $3,770,000 $377,000
    7-8% 4 $360,000 $90,000

    During 2022, First American Bank And Trust Company's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 3-4%, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 104 $30,410,000 $292,404 $4,276 4.67%
    $100k-200k 55 $8,455,000 $153,727 $3,319 4.66%
    $400k-600k 53 $25,635,000 $483,679 $5,390 4.30%
    $100,000 or less 44 $2,630,000 $59,773 $2,088 5.22%
    $600k-1MM 34 $24,080,000 $708,235 $5,755 4.37%
    $1MM+ 8 $15,370,000 $1,921,250 $4,960 3.89%

    2022 saw First American Bank And Trust Company place emphasis on $200k-400k loans with 104 originations, totaling $30,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 59 $33,305,000 $564,492 $5,042 4.52%
    $150k-250k 55 $22,645,000 $411,727 $4,645 4.64%
    $100k-150k 49 $13,715,000 $279,898 $4,393 4.60%
    $75k-100k 38 $9,940,000 $261,579 $4,590 4.73%
    $50k-75k 29 $5,855,000 $201,897 $3,780 4.57%
    $50k or less 18 $2,500,000 $138,889 $3,069 4.62%

    First American Bank And Trust Company lent most frequently to those with incomes in the $250k+ range, with 59 originations. The second most popular income band? $150k-250k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 57 $21,685,000 $380,439 $4,066 4.47%
    30-36% 40 $12,920,000 $323,000 $4,878 4.87%
    <20% 26 $9,290,000 $357,308 $3,908 4.37%
    44% 13 $2,815,000 $216,538 $4,453 4.44%
    40% 10 $3,180,000 $318,000 $5,212 4.85%
    49% 10 $4,270,000 $427,000 $4,078 4.57%
    42% 9 $3,955,000 $439,444 $5,306 4.22%
    39% 9 $4,145,000 $460,556 $5,459 4.55%
    37% 8 $1,670,000 $208,750 $4,909 4.56%
    41% 8 $3,770,000 $471,250 $4,265 5.19%
    45% 6 $1,340,000 $223,333 $3,020 4.46%
    36% 6 $1,210,000 $201,667 $2,937 4.10%
    43% 6 $2,120,000 $353,333 $4,391 4.66%
    47% 6 $1,740,000 $290,000 $4,494 4.52%
    48% 6 $2,370,000 $395,000 $5,964 4.06%
    38% 5 $2,025,000 $405,000 $4,877 3.32%
    50-60% 4 $1,520,000 $380,000 $4,729 4.91%
    >60% 2 $600,000 $300,000 $4,963 6.44%
    46% 2 $930,000 $465,000 $6,842 4.93%

    First American Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 57 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 173 $59,995,000 $346,792 $4,256 4.64%
    Not provided 61 $24,445,000 $400,738 $5,098 4.60%
    Not applicable 48 $18,360,000 $382,500 $0 4.71%
    Asian 7 $2,025,000 $289,286 $4,500 3.34%
    Black 7 $1,605,000 $229,286 $2,383 5.48%
    Asian Indian 2 $150,000 $75,000 $2,541 4.44%

    Approval Rates

    Total approvals of all applications
    98.49%

    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
    93.29%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 298 $106,580,000 $357,651

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    298 $106,580,000 $357,651

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $4,020,000 $118,235 $2,426 5.19%
    40-60% 58 $22,320,000 $384,828 $4,158 4.61%
    60-80% 120 $44,680,000 $372,333 $4,914 4.41%
    80-100% 75 $34,865,000 $464,867 $4,690 4.60%
    Under 20% 11 $695,000 $63,182 $1,282 5.56%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%