Signature Bank Of Arkansas Mortgage Rates, Fees & Info

Fayetteville, AR

LEI: 25490046GL77VSFSYG24

Tax ID: 71-0182340

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Signature Bank Of Arkansas is a smaller bank specializing in Home Purchase loans. Signature Bank Of Arkansas has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Jonesboro, Fort Smith, Harrison, and Stillwater among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Signature Bank Of Arkansas 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.

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

293

Origination Dollar Volume (All Markets)

$153,835,000

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
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 181 $110,845,000 $612,403 $0 0.00%
JONESBORO, AR (FHA|USDA|VA) 33 $10,235,000 $310,152 $0 0.00%
Outside of Metro Areas 19 $9,515,000 $500,789 $0 0.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 5 $6,455,000 $1,291,000 $0 0.00%
Harrison, AR (FHA|USDA|VA) 33 $6,205,000 $188,030 $0 0.00%
Stillwater, OK (FHA|USDA|VA) 1 $2,775,000 $2,775,000 $0 0.00%
TULSA, OK (FHA|USDA|VA) 10 $2,050,000 $205,000 $0 0.00%
Edwards, CO (FHA|USDA|VA) 1 $1,695,000 $1,695,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 0.00%
Mountain Home, AR (FHA|USDA|VA) 3 $615,000 $205,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
Somerset, KY (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
Blytheville, AR (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $300,000 $150,000 $0 0.00%
Signature Bank Of Arkansas's top markets include Fayetteville, Jonesboro, Fort Smith, Harrison, and Stillwater among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

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

    FIRST WESTERN MORTGAGE, INC.
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    First Security Bank
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    First Financial Bank
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    Firstar Bank
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    ARKANSAS Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 293 $153,835,000 $525,034 $0 0.00%

    For 2024, Signature Bank Of Arkansas's most frequently originated type of loan was Conventional, with 293 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 230 $127,450,000 $554,130 $0 0.00%
    Refi 48 $24,270,000 $505,625 $0 0.00%
    Cash Out Refi 8 $1,250,000 $156,250 $0 0.00%
    Other 4 $430,000 $107,500 $0 0.00%
    Home Improvement 3 $435,000 $145,000 $0 0.00%

    For 2024, Signature Bank Of Arkansas's most frequently cited loan purpose was Home Purchase, with 230 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 293 $153,835,000 $525,034 $0 0.00%

    For 2024, Signature Bank Of Arkansas's most frequently cited loan duration was Other, with 293 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 122 $34,150,000 $279,918 $0 0.00%
    $100k-200k 61 $9,445,000 $154,836 $0 0.00%
    $400k-600k 35 $16,915,000 $483,286 $0 0.00%
    $600k-1MM 29 $20,605,000 $710,517 $0 0.00%
    $100,000 or less 26 $1,680,000 $64,615 $0 0.00%
    $1MM+ 20 $71,040,000 $3,552,000 $0 0.00%

    2024 saw Signature Bank Of Arkansas place emphasis on $200k-400k loans with 122 originations, totaling $34,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 50 $18,890,000 $377,800 $0 0.00%
    $250k+ 40 $23,930,000 $598,250 $0 0.00%
    $100k-150k 33 $9,895,000 $299,848 $0 0.00%
    $50k-75k 31 $5,545,000 $178,871 $0 0.00%
    $75k-100k 23 $5,715,000 $248,478 $0 0.00%
    $50k or less 12 $1,630,000 $135,833 $0 0.00%

    Signature Bank Of Arkansas lent most frequently to those with incomes in the $150k-250k range, with 50 originations. The second most popular income band? $250k+, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 293 $153,835,000 $525,034 $0 0.00%

    Signature Bank Of Arkansas lent most frequently to those with DTI ratios of Exempt%, with 293 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 101 $87,495,000 $866,287 $0 0.00%
    White 165 $55,075,000 $333,788 $0 0.00%
    Not provided 14 $6,410,000 $457,857 $0 0.00%
    Asian 7 $3,145,000 $449,286 $0 0.00%
    American Indian 4 $1,220,000 $305,000 $0 0.00%
    Black 1 $255,000 $255,000 $0 0.00%
    Filipino 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.68%

    Signature Bank Of Arkansas 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
    80.89%

    Signature Bank Of Arkansas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 293 $153,835,000 $525,034

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    293 $153,835,000 $525,034