American National Bank Mortgage Rates, Fees & Info
Omaha, NELEI: VEQ70DCTAI4TBBHPYI39
Tax ID: 47-0486526
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Mortgage Data
Review & Overview
American National Bank is a smaller bank specializing in Home Purchase loans. American National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Omaha, Minneapolis, Little Rock, Lincoln, and Columbia among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)American National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. American National Bank 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/30/23 |
| 30 Year Conventional Purchase | 5.38% | 11/30/23 |
| 30 Year Conventional Refi | 6.95% | 11/30/23 |
| 30 Year Cash-out Refi | 7.22% | 11/30/23 |
| 30 Year FHA Purchase | 7.38% | 11/30/23 |
| 30 Year FHA Refi | 7.35% | 11/30/23 |
| 30 Year VA Purchase | 6.44% | 11/30/23 |
| 30 Year USDA Purchase | 6.04% | 11/30/23 |
| 15 Year Conventional Purchase | 6.33% | 11/30/23 |
| 15 Year Conventional Refi | 6.59% | 11/30/23 |
| 15 Year Cash-out Refi | 6.59% | 11/30/23 |
| 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. | ||
American National Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
967Origination Dollar Volume (All Markets)
$308,015,000Awards
American National Bank - 2022
American National Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
American National Bank's average 30 year fixed mortgage rate was
4.4%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.36%.
Relative Fees (Closing Costs)
American National Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,586.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 673 | $105,595,000 | $156,902 | $3,217 | 4.55% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 149 | $47,425,000 | $318,289 | $2,245 | 5.05% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $40,965,000 | $13,655,000 | $0 | 4.50% |
| LINCOLN, NE (FHA|USDA|VA) | 15 | $37,985,000 | $2,532,333 | $2,262 | 5.35% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $23,515,000 | $23,515,000 | $0 | 4.75% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $10,230,000 | $5,115,000 | $0 | 4.68% |
| Outside of Metro Areas | 91 | $9,545,000 | $104,890 | $2,502 | 4.68% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $9,525,000 | $9,525,000 | $0 | 4.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $8,990,000 | $4,495,000 | $19,417 | 4.60% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 4.45% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,990,000 | $995,000 | $4,216 | 5.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 4.00% |
| Fremont, NE (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $4,782 | 5.54% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $5,807 | 4.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $2,355 | 5.18% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $9,379 | 6.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,241 | 3.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $2,900 | 4.88% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,919 | 4.94% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,082 | 6.38% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 6.71% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,340 | 5.63% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,195 | 5.88% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 5.70% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,583 | 5.75% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,439 | 5.88% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,866 | 5.88% |
| CASPER, WY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,286 | 3.13% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,082 | 6.31% |
| Branson, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.50% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,641 | 5.50% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.60% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against American National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, American National Bank's most frequently originated type of loan was Conventional, with 535 originations. Their 2nd most popular type was HELOC, with 305 originations.
Loan Reason
For 2022, American National Bank's most frequently cited loan purpose was Home Purchase, with 552 originations. The 2nd most popular reason was Home Improvement, with 146 originations.
Loan Duration/Length
For 2022, American National Bank's most frequently cited loan duration was 30 Year, with 485 originations. The 2nd most popular length was 20 Year, with 303 originations.
Origination Fees/Closing Costs
American National Bank's average total fees were $3,586, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 292 originations.
Interest Rates
During 2022, American National Bank's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 5-6%, with 244 originations.
Loan Sizing
2022 saw American National Bank place emphasis on $100,000 or less loans with 387 originations, totaling $16,115,000 in origination value.
Applicant Income
American National Bank lent most frequently to those with incomes in the $50k-75k range, with 212 originations. The second most popular income band? $100k-150k, with 163 originations.
Applicant Debt to Income Ratio
American National Bank lent most frequently to those with DTI ratios of 20-30%, with 217 originations. The next most common DTI ratio? 30-36%, with 175 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.78%
American National Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.46%
American National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 967 | $308,015,000 | $318,526 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIS BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |