Signature Bank Of Arkansas Mortgage Rates, Fees & Info
Fayetteville, ARLEI: 25490046GL77VSFSYG24
Tax ID: 71-0182340
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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Fayetteville, Jonesboro, Harrison, Mountain Home, and Branson among others. We have data for 12 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.79% | 4/21/24 |
| 30 Year Conventional Refi | 6.90% | 4/21/24 |
| 30 Year Cash-out Refi | 6.74% | 4/21/24 |
| 30 Year VA Purchase | 5.88% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.62% | 4/21/24 |
| 15 Year Conventional Purchase | 5.74% | 4/21/24 |
| 15 Year Conventional Refi | 6.11% | 4/21/24 |
| 15 Year Cash-out Refi | 6.11% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
402Origination Dollar Volume (All Markets)
$130,210,000Awards
Signature Bank of Arkansas - 2022
Signature Bank of Arkansas is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 319 | $106,605,000 | $334,185 | $3,300 | 5.43% |
| JONESBORO, AR (FHA|USDA|VA) | 28 | $9,760,000 | $348,571 | $3,046 | 5.90% |
| Outside of Metro Areas | 19 | $5,645,000 | $297,105 | $2,689 | 5.46% |
| Harrison, AR (FHA|USDA|VA) | 25 | $4,145,000 | $165,800 | $2,166 | 5.85% |
| Mountain Home, AR (FHA|USDA|VA) | 3 | $2,565,000 | $855,000 | $1,008 | 4.67% |
| Branson, MO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,412 | 5.25% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,386 | 4.57% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 5.60% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.50% |
| Batesville, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.61% |
| Paragould, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.23% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.23% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 400 | $129,570,000 | $323,925 | $3,248 | 5.51% |
| VA | 1 | $395,000 | $395,000 | $2,556 | 2.75% |
| USDA | 1 | $245,000 | $245,000 | $5,059 | 3.13% |
For 2022, Signature Bank Of Arkansas's most frequently originated type of loan was Conventional, with 400 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2022, Signature Bank Of Arkansas's most frequently cited loan purpose was Home Purchase, with 268 originations. The 2nd most popular reason was Refi, with 71 originations.
Loan Duration/Length
For 2022, Signature Bank Of Arkansas's most frequently cited loan duration was 30 Year, with 165 originations. The 2nd most popular length was Other, with 93 originations.
Origination Fees/Closing Costs
Signature Bank Of Arkansas's average total fees were $3,482, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 139 originations.
Interest Rates
During 2022, Signature Bank Of Arkansas's average interest rate for loans was 5.58%, while their most frequently originated rate bucket for loans was 4-5%, with 124 originations.
Loan Sizing
2022 saw Signature Bank Of Arkansas place emphasis on $200k-400k loans with 174 originations, totaling $48,210,000 in origination value.
Applicant Income
Signature Bank Of Arkansas lent most frequently to those with incomes in the $150k-250k range, with 63 originations. The second most popular income band? $250k+, with 59 originations.
Applicant Debt to Income Ratio
Signature Bank Of Arkansas lent most frequently to those with DTI ratios of 20-30%, with 79 originations. The next most common DTI ratio? <20%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.05%
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 origination85.57%
Signature Bank Of Arkansas has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 402 | $130,210,000 | $323,905 |