93 Mortgage Rates, Fees & Info

Little Rock, AR

LEI: 254900OL1MBVNMHDQ522

Tax ID: 71-0120610

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Mortgage Data

Review & Overview

93 is a smaller mortgage company specializing in Home Purchase and Other loans. 93 has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Fayetteville, Midland, El Dorado, and Jonesboro among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

93 has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

39

Origination Dollar Volume (All Markets)

$4,995,000

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
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 27 $3,515,000 $130,185 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $405,000 $135,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
El Dorado, AR (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
JONESBORO, AR (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Arkadelphia, AR (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Outside of Metro Areas 2 $20,000 $10,000 $0 0.00%
93's top markets include Little Rock, Fayetteville, Midland, El Dorado, and Jonesboro among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $4,995,000 $128,077 $0 0.00%

    For 2019, 93's most frequently originated type of loan was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18 $2,800,000 $155,556 $0 0.00%
    Other 11 $1,135,000 $103,182 $0 0.00%
    Home Improvement 5 $245,000 $49,000 $0 0.00%
    Refi 5 $815,000 $163,000 $0 0.00%

    For 2019, 93's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Other, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 39 $4,995,000 $128,077 $0 0.00%

    For 2019, 93's most frequently cited loan duration was Other, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $850,000 $47,222 $0 0.00%
    $100k-200k 13 $1,835,000 $141,154 $0 0.00%
    $200k-400k 7 $1,905,000 $272,143 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2019 saw 93 place emphasis on $100,000 or less loans with 18 originations, totaling $850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 12 $2,460,000 $205,000 $0 0.00%
    $150k-250k 7 $875,000 $125,000 $0 0.00%
    $100k-150k 5 $305,000 $61,000 $0 0.00%
    $50k-75k 3 $395,000 $131,667 $0 0.00%
    $75k-100k 3 $305,000 $101,667 $0 0.00%
    $50k or less 2 $10,000 $5,000 $0 0.00%

    93 lent most frequently to those with incomes in the $250k+ range, with 12 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 39 $4,995,000 $128,077 $0 0.00%

    93 lent most frequently to those with DTI ratios of Exempt%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 31 $4,385,000 $141,452 $0 0.00%
    Not applicable 5 $535,000 $107,000 $0 0.00%
    Black 3 $75,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.35%

    93 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
    94.87%

    93 has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 39 $4,995,000 $128,077

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $290,000 $145,000
    Single Family (1-4 Units):Manufactured 1 $5,000 $5,000
    Single Family (1-4 Units):Site-Built 36 $4,700,000 $130,556