First Security Bank Mortgage Rates, Fees & Info

Searcy, AR

LEI: 254900561K135J92VD38

Tax ID: 71-0159420

5 stars - Updated: 7/13/25 - out of 5 stars, based on 37 reviews

Latest/2024 | 2023 Data | 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

    First Security Bank is a smaller bank specializing in Home Purchase loans. First Security 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: Little Rock, Fayetteville, Searcy, Hot Springs, and Fort Smith among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Security Bank 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. First Security 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 8.75% 7/13/25
    30 Year Conventional Purchase 6.57% 7/13/25
    30 Year Conventional Refi 6.49% 7/13/25
    30 Year Cash-out Refi 6.62% 7/13/25
    30 Year FHA Purchase 6.72% 7/13/25
    30 Year FHA Refi 6.72% 7/13/25
    30 Year VA Purchase 6.09% 7/13/25
    30 Year USDA Purchase 6.49% 7/13/25
    15 Year Conventional Purchase 5.86% 7/13/25
    15 Year Conventional Refi 5.59% 7/13/25
    15 Year Cash-out Refi 5.59% 7/13/25
    15 Year VA Purchase 6.15% 7/13/25
    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.

    First Security Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First Security 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

    1,333

    Origination Dollar Volume (All Markets)

    $261,975,000
    Show all (24) awards

    Relative Rate

    First Security Bank's average 30 year fixed mortgage rate was 6.31%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.24%.

    Relative Fees (Closing Costs)

    First Security Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,023.

    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 $8,356.

    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
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 550 $94,140,000 $171,164 $4,156 8.11%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 185 $49,685,000 $268,568 $3,640 8.09%
    Searcy, AR (FHA|USDA|VA) 196 $27,950,000 $142,602 $3,850 7.79%
    Outside of Metro Areas 154 $27,720,000 $180,000 $3,913 8.06%
    HOT SPRINGS, AR (FHA|USDA|VA) 65 $13,265,000 $204,077 $3,713 7.61%
    FORT SMITH, AR-OK (FHA|USDA|VA) 28 $10,360,000 $370,000 $3,934 8.11%
    Russellville, AR (FHA|USDA|VA) 49 $8,485,000 $173,163 $3,126 7.04%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $6,995,000 $999,286 $0 8.18%
    Mountain Home, AR (FHA|USDA|VA) 48 $6,970,000 $145,208 $2,690 7.58%
    JONESBORO, AR (FHA|USDA|VA) 36 $6,760,000 $187,778 $3,802 7.25%
    Batesville, AR (FHA|USDA|VA) 5 $6,665,000 $1,333,000 $2,423 8.25%
    Malvern, AR (FHA|USDA|VA) 2 $810,000 $405,000 $5,429 6.86%
    Arkadelphia, AR (FHA|USDA|VA) 1 $655,000 $655,000 $0 8.50%
    Harrison, AR (FHA|USDA|VA) 1 $555,000 $555,000 $1,129 6.50%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $295,000 $295,000 $755 6.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.43%
    Paragould, AR (FHA|USDA|VA) 1 $185,000 $185,000 $6,797 5.88%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.50%
    Helena-West Helena, AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.75%
    Camden, AR (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.95%
    First Security Bank's top markets include Little Rock, Fayetteville, Searcy, Hot Springs, and Fort Smith among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)

    • Similar Lenders

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

    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 272
    First National Bank
    Similarity Rank: 456
    Priority Bank
    Similarity Rank: 567
    Generations Bank
    Similarity Rank: 672
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 736
    Southern Bank
    Similarity Rank: 1062
    First Security Bank
    Similarity Rank: 1140
    PILGRIM MORTGAGE LLC
    Similarity Rank: 1702
    Firstar Bank
    Similarity Rank: 2136
    Evolve Bank & Trust
    Similarity Rank: 2142

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 730 $172,820,000 $236,740 $3,342 7.44%
    HELOC 486 $62,600,000 $128,807 n/a 9.17%
    FHA 66 $13,340,000 $202,121 $6,087 6.00%
    USDA 31 $5,655,000 $182,419 $3,880 5.99%
    VA 20 $7,560,000 $378,000 $5,802 5.94%

    For 2024, First Security Bank's most frequently originated type of loan was Conventional, with 730 originations. Their 2nd most popular type was HELOC, with 486 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 732 $191,680,000 $261,858 $3,887 7.29%
    Other 189 $17,335,000 $91,720 $1,869 9.05%
    Home Improvement 186 $12,940,000 $69,570 $324 9.14%
    Refi 185 $31,935,000 $172,622 $3,728 8.56%
    Cash Out Refi 41 $8,085,000 $197,195 $4,517 6.27%

    For 2024, First Security Bank's most frequently cited loan purpose was Home Purchase, with 732 originations. The 2nd most popular reason was Other, with 189 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    3 Year 544 $68,880,000 $126,618 $568 9.13%
    30 Year 462 $114,130,000 $247,035 $4,023 6.31%
    1 Year 162 $35,930,000 $221,790 $2,037 8.75%
    Other 98 $20,520,000 $209,388 $1,120 8.25%
    5 Year 33 $13,615,000 $412,576 $328 8.58%
    15 Year 30 $7,880,000 $262,667 $5,335 5.75%
    20 Year 3 $965,000 $321,667 $5,170 6.21%
    10 Year 1 $55,000 $55,000 $2,561 7.00%

    For 2024, First Security Bank's most frequently cited loan duration was 3 Year, with 544 originations. The 2nd most popular length was 30 Year, with 462 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 227 $50,885,000 $224,163
    $1k-2k 124 $26,750,000 $215,726
    $2k-3k 97 $21,195,000 $218,505
    $3k-4k 36 $10,310,000 $286,389
    $4k-5k 31 $11,955,000 $385,645
    $5k+ 17 $7,625,000 $448,529

    First Security Bank's average total fees were $4,023, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 227 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 738 $111,600,000 $151,220
    6-7% 286 $70,870,000 $247,797
    5-6% 176 $41,090,000 $233,466
    7-8% 130 $37,080,000 $285,231
    4-5% 3 $1,335,000 $445,000

    During 2024, First Security Bank's average interest rate for loans was 6.31%, while their most frequently originated rate bucket for loans was Over 8%, with 738 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 493 $26,535,000 $53,824 $1,653 8.92%
    $100k-200k 376 $53,790,000 $143,059 $3,176 7.52%
    $200k-400k 324 $86,620,000 $267,346 $4,385 7.17%
    $400k-600k 90 $43,400,000 $482,222 $5,348 7.23%
    $600k-1MM 40 $27,630,000 $690,750 $4,969 7.71%
    $1MM+ 10 $24,000,000 $2,400,000 $21,772 8.06%

    2024 saw First Security Bank place emphasis on $100,000 or less loans with 493 originations, totaling $26,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 249 $45,015,000 $180,783 $4,081 7.83%
    $50k-75k 223 $28,545,000 $128,004 $3,153 7.58%
    $150k-250k 203 $50,145,000 $247,020 $4,671 7.78%
    $75k-100k 162 $25,110,000 $155,000 $3,545 7.84%
    $50k or less 135 $12,895,000 $95,519 $2,670 7.79%
    $250k+ 98 $31,910,000 $325,612 $6,456 8.25%

    First Security Bank lent most frequently to those with incomes in the $100k-150k range, with 249 originations. The second most popular income band? $50k-75k, with 223 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 291 $45,145,000 $155,137 $3,339 7.85%
    30-36% 217 $39,675,000 $182,834 $3,742 7.87%
    <20% 186 $21,960,000 $118,065 $2,983 8.46%
    39% 47 $9,695,000 $206,277 $3,965 7.47%
    37% 41 $6,895,000 $168,171 $4,136 7.93%
    38% 41 $7,365,000 $179,634 $3,869 7.68%
    36% 38 $8,690,000 $228,684 $3,318 7.42%
    40% 26 $4,390,000 $168,846 $3,006 8.18%
    41% 23 $5,475,000 $238,043 $3,588 6.90%
    42% 20 $5,530,000 $276,500 $4,828 6.75%
    43% 17 $4,505,000 $265,000 $4,138 6.24%
    50-60% 17 $5,025,000 $295,588 $9,067 7.18%
    45% 17 $4,105,000 $241,471 $2,676 7.32%
    47% 16 $3,540,000 $221,250 $3,620 6.33%
    48% 15 $4,335,000 $289,000 $5,310 6.64%
    46% 14 $4,190,000 $299,286 $5,189 6.67%
    49% 14 $4,200,000 $300,000 $5,787 6.12%
    44% 13 $3,245,000 $249,615 $4,026 6.06%
    >60% 6 $2,150,000 $358,333 $1,848 9.15%

    First Security Bank lent most frequently to those with DTI ratios of 20-30%, with 291 originations. The next most common DTI ratio? 30-36%, with 217 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,045 $184,115,000 $176,187 $3,847 7.84%
    Not applicable 214 $61,900,000 $289,252 $1,760 8.66%
    Not provided 35 $9,245,000 $264,143 $3,814 7.07%
    Asian 10 $2,440,000 $244,000 $3,984 6.80%
    Black 18 $1,910,000 $106,111 $2,850 7.96%
    American Indian 8 $1,640,000 $205,000 $2,670 8.00%
    Native Hawaiian or Islander 2 $680,000 $340,000 $1,943 6.56%
    Other Asian 1 $45,000 $45,000 $173 7.24%

    Approval Rates

    Total approvals of all applications
    91.34%

    First Security Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.95%

    First Security Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    162.5 1 $25,000 $25,000
    172.5 1 $25,000 $25,000
    NA 1,331 $261,925,000 $196,788

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,333 $261,975,000 $196,530

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 265 $27,775,000 $104,811 $2,429 8.75%
    40-60% 204 $52,760,000 $258,627 $3,767 7.65%
    60-80% 316 $82,870,000 $262,247 $3,884 7.60%
    80-100% 328 $83,580,000 $254,817 $3,940 7.01%
    Over 100% 4 $2,710,000 $677,500 $17,426 6.03%
    Under 20% 214 $11,050,000 $51,636 $1,452 9.18%