Acb Bank Mortgage Rates, Fees & Info

Cherokee, OK

LEI: 549300WPD0RUUTUL5H65

Tax ID: 73-0123600

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Acb Bank is a smaller bank specializing in Home Purchase and Refi loans. Acb Bank has a high proportion of conventional loans. Their top markets by origination volume include: Enid, Stillwater, and Mcalester among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Acb 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.

    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.

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    Originations

    22

    Origination Dollar Volume (All Markets)

    $3,750,000

    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
    Outside of Metro Areas 8 $2,090,000 $261,250 $0 0.00%
    ENID, OK (FHA|USDA|VA) 11 $1,435,000 $130,455 $0 0.00%
    Stillwater, OK (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    McAlester, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Acb Bank's top markets include Enid, Stillwater, and Mcalester among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 22 $3,750,000 $170,455 $0 0.00%

    For 2023, Acb Bank's most frequently originated type of loan was Conventional, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 16 $2,530,000 $158,125 $0 0.00%
    Refi 5 $1,195,000 $239,000 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2023, Acb Bank's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 22 $3,750,000 $170,455 $0 0.00%

    For 2023, Acb Bank's most frequently cited loan duration was Other, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 11 $665,000 $60,455 $0 0.00%
    $100k-200k 6 $930,000 $155,000 $0 0.00%
    $200k-400k 2 $670,000 $335,000 $0 0.00%
    $400k-600k 2 $810,000 $405,000 $0 0.00%
    $600k-1MM 1 $675,000 $675,000 $0 0.00%

    2023 saw Acb Bank place emphasis on $100,000 or less loans with 11 originations, totaling $665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 4 $1,110,000 $277,500 $0 0.00%
    $50k or less 4 $600,000 $150,000 $0 0.00%
    $75k-100k 3 $255,000 $85,000 $0 0.00%
    $150k-250k 1 $55,000 $55,000 $0 0.00%
    $250k+ 1 $95,000 $95,000 $0 0.00%
    $50k-75k 1 $165,000 $165,000 $0 0.00%

    Acb Bank lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $50k or less, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 22 $3,750,000 $170,455 $0 0.00%

    Acb Bank lent most frequently to those with DTI ratios of Exempt%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 13 $2,205,000 $169,615 $0 0.00%
    Not applicable 8 $1,470,000 $183,750 $0 0.00%
    Not provided 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.00%

    Acb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.45%

    Acb 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 22 $3,750,000 $170,455

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    22 $3,750,000 $170,455