Great American Bank Mortgage Rates, Fees & Info
Lawrence, KSLEI: 549300WOSE1H63K0E875
Tax ID: 48-1218768
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Mortgage Data
Review & Overview
Great American Bank is a smaller bank specializing in Home Purchase and Refi loans. Great American Bank has a high proportion of conventional loans. Their top two markets are Kansas City and Lawrence .Great American Bank 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.
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Originations
195Origination Dollar Volume (All Markets)
$48,265,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 107 | $20,955,000 | $195,841 | $0 | 0.00% |
| Outside of Metro Areas | 30 | $14,970,000 | $499,000 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 58 | $12,340,000 | $212,759 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 195 | $48,265,000 | $247,513 | $0 | 0.00% |
For 2022, Great American Bank's most frequently originated type of loan was Conventional, with 195 originations.
Loan Reason
For 2022, Great American Bank's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Refi, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 195 | $48,265,000 | $247,513 | $0 | 0.00% |
For 2022, Great American Bank's most frequently cited loan duration was Other, with 195 originations.
Loan Sizing
2022 saw Great American Bank place emphasis on $100k-200k loans with 87 originations, totaling $12,355,000 in origination value.
Applicant Income
Great American Bank lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 195 | $48,265,000 | $247,513 | $0 | 0.00% |
Great American Bank lent most frequently to those with DTI ratios of Exempt%, with 195 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Great American 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 origination95.90%
Great American Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 195 | $48,265,000 | $247,513 |