American Interbanc Mortgage Rates, Fees & Info

IRVINE, CA

LEI: 549300ZP7KNREEE1OI11

Tax ID: 33-0816610

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
  • 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

    American Interbanc Mortgage is a smaller mortgage company specializing in Refi and Cash Out Refi loans. American Interbanc Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Sacramento, Riverside, San Diego, and San Francisco among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Interbanc Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. American Interbanc Mortgage is typically a low 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.

    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.


    Originations

    194

    Origination Dollar Volume (All Markets)

    $62,160,000
    Show all (8) 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 53 $17,925,000 $338,208 $1,457 3.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 26 $7,630,000 $293,462 $931 3.66%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 28 $7,610,000 $271,786 $1,394 3.86%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 18 $6,500,000 $361,111 $1,374 3.60%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 15 $5,515,000 $367,667 $1,062 3.65%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 9 $3,405,000 $378,333 $1,408 3.55%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $1,765,000 $353,000 $1,238 3.95%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $1,675,000 $335,000 $2,667 3.83%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,360,000 $340,000 $946 3.81%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,125,000 $375,000 $1,382 3.73%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $755,000 $251,667 $2,366 4.01%
    MERCED, CA (FHA|USDA|VA) 3 $745,000 $248,333 $1,380 3.54%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $680,000 $340,000 $1,364 3.87%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $650,000 $325,000 $960 3.27%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $610,000 $305,000 $1,975 3.94%
    STOCKTON, CA (FHA|USDA|VA) 2 $590,000 $295,000 $700 4.01%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $430,000 $215,000 $1,195 3.69%
    MODESTO, CA (FHA|USDA|VA) 2 $400,000 $200,000 $775 3.32%
    BEND, OR (FHA|USDA|VA) 1 $385,000 $385,000 $3,564 3.75%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $325,000 $325,000 $757 3.50%
    Outside of Metro Areas 1 $305,000 $305,000 $1,690 3.79%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $285,000 $285,000 $2,264 3.50%
    FRESNO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $885 3.55%
    VISALIA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $1,561 4.01%
    NAPA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $1,110 3.28%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,137 4.00%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $245,000 $245,000 $327 3.78%
    Clearlake, CA (FHA|USDA|VA) 1 $205,000 $205,000 $1,145 4.13%
    American Interbanc Mortgage's top markets include Los Angeles, Sacramento, Riverside, San Diego, and San Francisco among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Similar Lenders

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

    FRONTWAVE
    Similarity Rank: 92
    LBS FINANCIAL
    Similarity Rank: 210
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 216
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612
    USE Credit Union
    Similarity Rank: 690
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 732

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 194 $62,160,000 $320,412 $1,350 3.73%

    For 2018, American Interbanc Mortgage's most frequently originated type of loan was Conventional, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 126 $39,360,000 $312,381 $959 3.54%
    Cash Out Refi 56 $18,370,000 $328,036 $1,867 4.03%
    Home Purchase 12 $4,430,000 $369,167 $3,039 4.31%

    For 2018, American Interbanc Mortgage's most frequently cited loan purpose was Refi, with 126 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 107 $36,795,000 $343,879 $1,463 4.04%
    15 Year 69 $19,835,000 $287,464 $1,216 3.28%
    20 Year 11 $3,315,000 $301,364 $1,325 3.78%
    10 Year 7 $2,215,000 $316,429 $968 3.19%

    For 2018, American Interbanc Mortgage's most frequently cited loan duration was 30 Year, with 107 originations. The 2nd most popular length was 15 Year, with 69 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 186 $58,710,000 $315,645
    $1k-2k 3 $1,135,000 $378,333
    $5k+ 2 $810,000 $405,000
    $2k-3k 1 $415,000 $415,000
    $3k-4k 1 $675,000 $675,000
    $4k-5k 1 $415,000 $415,000

    American Interbanc Mortgage's average total fees were $1,463, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 186 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 128 $40,210,000 $314,141
    4-5% 46 $15,850,000 $344,565
    2.5-3% 15 $4,765,000 $317,667
    5-6% 3 $835,000 $278,333
    % 2 $500,000 $250,000

    During 2018, American Interbanc Mortgage's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 3-4%, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 142 $42,300,000 $297,887 $1,280 3.72%
    $400k-600k 36 $15,630,000 $434,167 $1,684 3.85%
    $100k-200k 13 $2,325,000 $178,846 $833 3.40%
    $600k-1MM 3 $1,905,000 $635,000 $2,876 4.17%

    2018 saw American Interbanc Mortgage place emphasis on $200k-400k loans with 142 originations, totaling $42,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 68 $22,310,000 $328,088 $1,471 3.76%
    $75k-100k 41 $12,795,000 $312,073 $1,140 3.72%
    $150k-250k 38 $12,880,000 $338,947 $1,219 3.60%
    $50k-75k 28 $7,490,000 $267,500 $1,261 3.84%
    $250k+ 17 $6,355,000 $373,824 $1,843 3.70%
    $50k or less 2 $330,000 $165,000 $1,044 3.75%

    American Interbanc Mortgage lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $75k-100k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 38 $11,620,000 $305,789 $940 3.50%
    30-36% 37 $11,605,000 $313,649 $1,391 3.73%
    <20% 17 $5,555,000 $326,765 $1,721 3.54%
    49% 12 $4,070,000 $339,167 $1,280 3.98%
    37% 11 $3,785,000 $344,091 $1,095 3.57%
    47% 9 $2,815,000 $312,778 $1,420 3.67%
    44% 8 $2,770,000 $346,250 $1,674 3.85%
    48% 8 $2,730,000 $341,250 $1,599 3.86%
    36% 7 $1,845,000 $263,571 $989 3.60%
    43% 7 $2,765,000 $395,000 $2,140 4.05%
    42% 6 $1,730,000 $288,333 $1,061 3.73%
    38% 6 $2,240,000 $373,333 $1,413 3.96%
    39% 6 $1,640,000 $273,333 $1,095 3.82%
    40% 6 $1,940,000 $323,333 $1,010 3.66%
    41% 6 $1,940,000 $323,333 $1,182 3.84%
    46% 5 $1,465,000 $293,000 $1,608 4.02%
    45% 4 $1,260,000 $315,000 $1,785 4.62%
    50-60% 1 $385,000 $385,000 $7,397 3.63%

    American Interbanc Mortgage lent most frequently to those with DTI ratios of 20-30%, with 38 originations. The next most common DTI ratio? 30-36%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 113 $36,235,000 $320,664 $1,234 3.67%
    Not provided 45 $14,645,000 $325,444 $1,340 3.82%
    Asian 28 $8,990,000 $321,071 $1,757 3.72%
    Black 5 $1,325,000 $265,000 $1,764 3.94%
    American Indian 2 $620,000 $310,000 $1,349 4.14%
    Native Hawaiian or Islander 1 $345,000 $345,000 $1,363 4.13%

    Approval Rates

    Total approvals of all applications
    93.62%

    American Interbanc Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    56.19%

    American Interbanc Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 194 $62,160,000 $320,412

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 194 $62,160,000 $320,412

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $12,195,000 $283,605 $1,028 3.41%
    40-60% 57 $18,215,000 $319,561 $1,295 3.60%
    60-80% 86 $29,110,000 $338,488 $1,522 3.94%
    80-100% 5 $1,865,000 $373,000 $2,061 4.40%
    Under 20% 3 $775,000 $258,333 $888 3.42%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Closing on a mortgage 1 11.1%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 22.2%
    AMERICAN INTERNET MORTGAGE Other type of mortgage Trouble during payment process 1 11.1%
    AMERICAN INTERNET MORTGAGE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    AMERICAN INTERNET MORTGAGE Conventional home mortgage Trouble during payment process 4 44.4%