American National Bank Mortgage Rates, Fees & Info

Omaha, NE

LEI: VEQ70DCTAI4TBBHPYI39

Tax ID: 47-0486526

5 stars - Updated: 12/16/24 - out of 5 stars, based on 21 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 National Bank is a smaller bank specializing in Home Purchase loans. American National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Omaha, Minneapolis, Fremont, Abilene, and Pittsburgh among others. We have data for 21 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 relatively high 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 5.38% 12/16/24
    30 Year Conventional Refi 6.95% 12/16/24
    30 Year Cash-out Refi 7.22% 12/16/24
    30 Year FHA Purchase 7.38% 12/16/24
    30 Year FHA Refi 7.35% 12/16/24
    30 Year VA Purchase 6.44% 12/16/24
    30 Year USDA Purchase 6.04% 12/16/24
    15 Year Conventional Purchase 6.33% 12/16/24
    15 Year Conventional Refi 6.59% 12/16/24
    15 Year Cash-out Refi 6.59% 12/16/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from American National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    445

    Origination Dollar Volume (All Markets)

    $184,365,000

    Awards

    American National Bank FHA Loans gold American National Bank 30 Year Conventional Loans bronze American National Bank FHA Loans gold
    Show all (3) awards

    Relative Rate

    American National Bank's average 30 year fixed mortgage rate was 6.57%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.09%.

    Relative Fees (Closing Costs)

    American National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,870.

    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 $9,089.

    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) 321 $124,105,000 $386,620 $2,945 7.26%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 60 $12,880,000 $214,667 $2,102 7.85%
    Fremont, NE (FHA|USDA|VA) 3 $10,825,000 $3,608,333 $3,752 7.95%
    ABILENE, TX (FHA|USDA|VA) 2 $10,390,000 $5,195,000 $0 6.93%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $8,365,000 $8,365,000 $0 6.22%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $8,285,000 $8,285,000 $0 6.33%
    Outside of Metro Areas 34 $4,280,000 $125,882 $3,357 7.40%
    LINCOLN, NE (FHA|USDA|VA) 9 $1,845,000 $205,000 $2,453 7.74%
    TUCSON, AZ (FHA|USDA|VA) 1 $645,000 $645,000 $6,910 7.13%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $475,000 $475,000 $7,637 7.00%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $355,000 $355,000 $7,591 6.38%
    Brainerd, MN (FHA|USDA|VA) 1 $305,000 $305,000 $4,613 6.38%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $285,000 $285,000 $5,026 7.13%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $255,000 $255,000 $4,232 6.38%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $245,000 $245,000 $2,775 7.13%
    Crossville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $6,334 7.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,793 6.50%
    Spirit Lake, IA (FHA|USDA|VA) 2 $160,000 $80,000 $3,418 8.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $155,000 $155,000 $5,485 7.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $105,000 $105,000 $3,179 6.88%
    Carroll, IA (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.30%
    American National Bank's top markets include Omaha, Minneapolis, Fremont, Abilene, and Pittsburgh among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • 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.

    METRO CU
    Similarity Rank: 56
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 72
    South Metro Federal Credit Union
    Similarity Rank: 130
    Cobalt Credit Union
    Similarity Rank: 192
    LIBERTY FIRST
    Similarity Rank: 225
    MY Credit Union
    Similarity Rank: 225
    FOUR POINTS
    Similarity Rank: 240
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 243
    Security First Bank
    Similarity Rank: 260
    First State Bank
    Similarity Rank: 396

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 248 $128,410,000 $517,782 $2,532 6.70%
    HELOC 176 $50,970,000 $289,602 n/a 8.35%
    FHA 12 $2,070,000 $172,500 $7,083 6.67%
    VA 9 $2,915,000 $323,889 $9,418 6.88%

    For 2023, American National Bank's most frequently originated type of loan was Conventional, with 248 originations. Their 2nd most popular type was HELOC, with 176 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 212 $155,520,000 $733,585 $3,605 6.44%
    Refi 86 $13,920,000 $161,860 $1,293 8.23%
    Home Improvement 81 $7,715,000 $95,247 $549 8.23%
    Other 53 $4,365,000 $82,358 $1,168 8.25%
    Cash Out Refi 13 $2,845,000 $218,846 $4,691 7.34%

    For 2023, American National Bank's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Refi, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 172 $41,510,000 $241,337 $3,870 6.57%
    20 Year 171 $20,665,000 $120,848 $3,747 8.39%
    5 Year 36 $26,140,000 $726,111 $455 7.53%
    10 Year 27 $51,055,000 $1,890,926 $268 5.21%
    15 Year 19 $2,375,000 $125,000 $1,445 7.81%
    Other 17 $41,685,000 $2,452,059 $458 7.25%
    1 Year 3 $935,000 $311,667 $0 8.25%

    For 2023, American National Bank's most frequently cited loan duration was 30 Year, with 172 originations. The 2nd most popular length was 20 Year, with 171 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 82 $11,310,000 $137,927
    $1k-2k 82 $18,120,000 $220,976
    $2k-3k 31 $7,735,000 $249,516
    $5k+ 8 $3,260,000 $407,500
    $3k-4k 6 $2,090,000 $348,333
    $4k-5k 5 $1,255,000 $251,000

    American National Bank's average total fees were $3,870, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 82 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 189 $21,365,000 $113,042
    7-8% 114 $98,500,000 $864,035
    6-7% 106 $59,890,000 $565,000
    <2.5% 19 $135,000 $7,105
    5-6% 14 $4,410,000 $315,000
    3-4% 2 $60,000 $30,000

    During 2023, American National Bank's average interest rate for loans was 6.57%, while their most frequently originated rate bucket for loans was Over 8%, with 189 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 189 $8,775,000 $46,429 $905 7.39%
    $100k-200k 108 $15,180,000 $140,556 $3,576 7.49%
    $200k-400k 96 $26,650,000 $277,604 $4,214 7.20%
    $400k-600k 23 $10,935,000 $475,435 $4,829 7.43%
    $1MM+ 17 $114,545,000 $6,737,941 $3,270 7.01%
    $600k-1MM 12 $8,280,000 $690,000 $8,750 7.39%

    2023 saw American National Bank place emphasis on $100,000 or less loans with 189 originations, totaling $8,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 82 $7,870,000 $95,976 $2,351 6.26%
    $100k-150k 81 $11,105,000 $137,099 $3,344 7.75%
    $250k+ 72 $22,750,000 $315,972 $3,141 7.83%
    $150k-250k 66 $13,070,000 $198,030 $4,358 7.81%
    $75k-100k 54 $7,650,000 $141,667 $3,394 7.23%
    $50k or less 42 $2,910,000 $69,286 $2,347 7.51%

    American National Bank lent most frequently to those with incomes in the $50k-75k range, with 82 originations. The second most popular income band? $100k-150k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 91 $14,775,000 $162,363 $3,108 7.64%
    30-36% 75 $13,705,000 $182,733 $2,732 7.64%
    <20% 48 $8,070,000 $168,125 $2,055 8.12%
    40% 21 $2,745,000 $130,714 $2,223 5.60%
    36% 17 $2,465,000 $145,000 $3,595 7.13%
    37% 16 $1,980,000 $123,750 $3,840 6.36%
    39% 15 $1,875,000 $125,000 $2,659 7.67%
    38% 14 $1,570,000 $112,143 $1,755 7.62%
    42% 12 $1,960,000 $163,333 $4,534 6.69%
    43% 12 $2,720,000 $226,667 $3,391 6.66%
    44% 11 $1,645,000 $149,545 $5,557 7.18%
    46% 10 $1,740,000 $174,000 $3,500 6.58%
    41% 9 $1,325,000 $147,222 $2,184 7.91%
    47% 9 $1,545,000 $171,667 $3,179 6.63%
    49% 9 $1,455,000 $161,667 $3,061 7.18%
    45% 8 $2,270,000 $283,750 $3,861 7.15%
    48% 7 $1,395,000 $199,286 $2,591 6.14%
    50-60% 7 $2,085,000 $297,857 $6,258 7.50%
    >60% 4 $350,000 $87,500 $576 8.88%

    American National Bank lent most frequently to those with DTI ratios of 20-30%, with 91 originations. The next most common DTI ratio? 30-36%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 40 $117,280,000 $2,932,000 $0 7.22%
    White 315 $55,465,000 $176,079 $3,170 7.26%
    Not provided 64 $7,630,000 $119,219 $1,669 8.00%
    Asian 8 $1,910,000 $238,750 $4,609 7.31%
    Black 14 $1,700,000 $121,429 $4,041 6.84%
    Asian Indian 2 $200,000 $100,000 $0 8.53%
    American Indian 1 $125,000 $125,000 $5,841 5.88%
    Other Pacific Islander 1 $55,000 $55,000 $0 8.15%

    Approval Rates

    Total approvals of all applications
    81.00%

    American National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.97%

    American National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 445 $184,365,000 $414,303

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    445 $184,365,000 $414,303

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $27,225,000 $336,111 $1,331 8.20%
    40-60% 31 $17,615,000 $568,226 $3,568 7.60%
    60-80% 70 $85,700,000 $1,224,286 $3,991 7.06%
    80-100% 108 $40,160,000 $371,852 $4,273 7.04%
    Over 100% 3 $955,000 $318,333 $16,573 8.04%
    Under 20% 150 $11,520,000 $76,800 $321 7.20%