Great American Bank Mortgage Rates, Fees & Info

Lawrence, KS

LEI: 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

195

Origination Dollar Volume (All Markets)

$48,265,000

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
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%
Great American Bank's top markets include Kansas City and Lawrence among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 131 $34,925,000 $266,603 $0 0.00%
    Refi 51 $10,705,000 $209,902 $0 0.00%
    Home Improvement 13 $2,635,000 $202,692 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 87 $12,355,000 $142,011 $0 0.00%
    $200k-400k 49 $13,325,000 $271,939 $0 0.00%
    $100,000 or less 37 $2,575,000 $69,595 $0 0.00%
    $400k-600k 11 $5,215,000 $474,091 $0 0.00%
    $1MM+ 7 $11,925,000 $1,703,571 $0 0.00%
    $600k-1MM 4 $2,870,000 $717,500 $0 0.00%

    2022 saw Great American Bank place emphasis on $100k-200k loans with 87 originations, totaling $12,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 15 $4,595,000 $306,333 $0 0.00%
    $150k-250k 14 $2,400,000 $171,429 $0 0.00%
    $100k-150k 9 $3,165,000 $351,667 $0 0.00%
    $75k-100k 7 $1,015,000 $145,000 $0 0.00%
    $50k-75k 3 $195,000 $65,000 $0 0.00%
    $50k or less 2 $190,000 $95,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 144 $36,230,000 $251,597 $0 0.00%
    White 43 $10,545,000 $245,233 $0 0.00%
    Not provided 8 $1,490,000 $186,250 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    95.90%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    195 $48,265,000 $247,513