Signature Bank Of Arkansas Mortgage Rates, Fees & Info

Fayetteville, AR

LEI: 25490046GL77VSFSYG24

Tax ID: 71-0182340

5 stars - Updated: 6/9/24 - out of 5 stars, based on 15 reviews

Latest/2023 | 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, Harrison, Jonesboro, Fort Smith, and Denver among others. We have data for 10 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. Signature Bank Of Arkansas 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
30 Year Conventional Purchase 6.79% 6/9/24
30 Year Conventional Refi 6.90% 6/9/24
30 Year Cash-out Refi 6.74% 6/9/24
30 Year VA Purchase 5.88% 6/9/24
30 Year VA Refi 6.27% 6/9/24
30 Year USDA Purchase 6.62% 6/9/24
15 Year Conventional Purchase 5.74% 6/9/24
15 Year Conventional Refi 6.11% 6/9/24
15 Year Cash-out Refi 6.11% 6/9/24
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.

Signature Bank Of Arkansas Mortgage Calculator






Your Estimates

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

This is not an official calculator from Signature Bank Of Arkansas. 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

232

Origination Dollar Volume (All Markets)

$72,570,000

Awards

Signature Bank of Arkansas 30 Year Conventional Loans silver Signature Bank of Arkansas 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

Signature Bank Of Arkansas's average 30 year fixed mortgage rate was 7.38%.

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

This yields a difference of 0.9%.

Relative Fees (Closing Costs)

Signature Bank Of Arkansas's average total fees/closing costs for a 30 year fixed rate mortgage were $3,677.

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
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 167 $55,835,000 $334,341 $3,338 7.72%
Harrison, AR (FHA|USDA|VA) 22 $5,120,000 $232,727 $1,862 8.56%
JONESBORO, AR (FHA|USDA|VA) 17 $4,105,000 $241,471 $2,852 8.17%
Outside of Metro Areas 9 $3,385,000 $376,111 $3,668 8.09%
FORT SMITH, AR-OK (FHA|USDA|VA) 11 $1,565,000 $142,273 $0 8.37%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 8.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $495,000 $495,000 $0 8.75%
Paragould, AR (FHA|USDA|VA) 1 $305,000 $305,000 $12,637 7.25%
JOPLIN, MO (FHA|USDA|VA) 2 $250,000 $125,000 $4,912 7.61%
Kennett, MO (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.54%
Signature Bank Of Arkansas's top markets include Fayetteville, Harrison, Jonesboro, Fort Smith, and Denver among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Arizona (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.

    United Bank
    Similarity Rank: 230
    First Security Bank
    Similarity Rank: 255
    The Bank of Missouri
    Similarity Rank: 288
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 520
    Priority Bank
    Similarity Rank: 555
    Signature Bank of Arkansas
    Similarity Rank: 830
    Generations Bank
    Similarity Rank: 868
    Chambers Bank
    Similarity Rank: 1170
    Firstar Bank
    Similarity Rank: 1200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 231 $72,265,000 $312,835 $3,249 7.89%
    VA 1 $305,000 $305,000 $12,637 7.25%

    For 2023, Signature Bank Of Arkansas's most frequently originated type of loan was Conventional, with 231 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 171 $56,745,000 $331,842 $3,794 7.76%
    Refi 26 $8,310,000 $319,615 $2,986 7.98%
    Cash Out Refi 18 $5,850,000 $325,000 $2,536 8.15%
    Other 12 $880,000 $73,333 $1,017 8.96%
    Home Improvement 5 $785,000 $157,000 $1,620 8.24%

    For 2023, Signature Bank Of Arkansas's most frequently cited loan purpose was Home Purchase, with 171 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 103 $37,785,000 $366,845 $3,677 7.38%
    5 Year 48 $11,620,000 $242,083 $0 8.59%
    Other 46 $11,790,000 $256,304 $2,458 7.94%
    3 Year 23 $8,765,000 $381,087 $871 8.50%
    15 Year 5 $895,000 $179,000 $2,815 6.74%
    1 Year 4 $930,000 $232,500 $2,555 9.05%
    20 Year 3 $785,000 $261,667 $0 8.48%

    For 2023, Signature Bank Of Arkansas's most frequently cited loan duration was 30 Year, with 103 originations. The 2nd most popular length was 5 Year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 79 $25,995,000 $329,051
    $1k-2k 17 $5,125,000 $301,471
    $2k-3k 7 $1,725,000 $246,429
    $3k-4k 7 $2,195,000 $313,571
    $5k+ 5 $2,655,000 $531,000
    $4k-5k 3 $1,115,000 $371,667

    Signature Bank Of Arkansas's average total fees were $3,677, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 79 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 135 $35,765,000 $264,926
    6-7% 51 $21,185,000 $415,392
    7-8% 32 $10,180,000 $318,125
    5-6% 14 $5,440,000 $388,571

    During 2023, Signature Bank Of Arkansas's average interest rate for loans was 7.38%, while their most frequently originated rate bucket for loans was Over 8%, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 88 $24,720,000 $280,909 $3,574 7.75%
    $100k-200k 52 $7,690,000 $147,885 $2,782 8.15%
    $100,000 or less 36 $2,170,000 $60,278 $1,241 8.63%
    $400k-600k 30 $14,490,000 $483,000 $3,940 7.32%
    $600k-1MM 17 $12,035,000 $707,941 $3,681 7.12%
    $1MM+ 9 $11,465,000 $1,273,889 $9,000 8.03%

    2023 saw Signature Bank Of Arkansas place emphasis on $200k-400k loans with 88 originations, totaling $24,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 42 $15,760,000 $375,238 $3,366 7.55%
    $100k-150k 37 $9,615,000 $259,865 $3,353 7.36%
    $250k+ 29 $13,385,000 $461,552 $4,479 7.82%
    $75k-100k 19 $4,355,000 $229,211 $2,999 7.00%
    $50k-75k 13 $2,165,000 $166,538 $2,995 7.82%
    $50k or less 8 $970,000 $121,250 $2,244 7.59%

    Signature Bank Of Arkansas lent most frequently to those with incomes in the $150k-250k range, with 42 originations. The second most popular income band? $100k-150k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 33 $9,005,000 $272,879 $3,166 7.53%
    20-30% 27 $7,075,000 $262,037 $2,949 7.46%
    <20% 21 $6,055,000 $288,333 $3,272 8.08%
    38% 7 $2,955,000 $422,143 $3,945 7.42%
    44% 6 $3,200,000 $533,333 $3,807 6.63%
    39% 6 $2,700,000 $450,000 $5,755 7.29%
    36% 5 $1,675,000 $335,000 $3,775 8.03%
    49% 5 $1,425,000 $285,000 $3,751 6.62%
    43% 5 $1,975,000 $395,000 $3,234 7.22%
    37% 5 $1,345,000 $269,000 $3,098 6.93%
    45% 4 $1,600,000 $400,000 $2,981 6.62%
    40% 3 $685,000 $228,333 $2,412 7.13%
    42% 2 $790,000 $395,000 $2,097 6.31%
    41% 2 $490,000 $245,000 $3,805 6.44%
    46% 2 $1,150,000 $575,000 $3,581 6.50%
    50-60% 2 $940,000 $470,000 $3,285 8.13%
    >60% 1 $215,000 $215,000 $0 9.00%
    47% 1 $285,000 $285,000 $2,544 6.38%

    Signature Bank Of Arkansas lent most frequently to those with DTI ratios of 30-36%, with 33 originations. The next most common DTI ratio? 20-30%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 128 $39,470,000 $308,359 $3,339 7.56%
    Not applicable 79 $24,285,000 $307,405 $0 8.53%
    Not provided 20 $7,410,000 $370,500 $2,895 7.65%
    Black 1 $485,000 $485,000 $3,884 7.38%
    Asian 1 $405,000 $405,000 $3,208 6.25%
    Native Hawaiian or Islander 1 $305,000 $305,000 $8,325 6.00%
    American Indian 2 $210,000 $105,000 $2,506 7.25%

    Approval Rates

    Total approvals of all applications
    96.62%

    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
    77.59%

    Signature Bank Of Arkansas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 232 $72,570,000 $312,802

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    232 $72,570,000 $312,802

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $4,210,000 $233,889 $2,434 7.48%
    40-60% 29 $9,465,000 $326,379 $3,749 7.81%
    60-80% 89 $31,525,000 $354,213 $3,557 7.62%
    80-100% 73 $24,675,000 $338,014 $3,892 8.13%
    Over 100% 2 $890,000 $445,000 $8,798 7.50%
    Under 20% 21 $1,805,000 $85,952 $1,323 8.63%