First National Bank Of North Arkansas Mortgage Rates, Fees & Info

Berryville, AR

LEI: 5493000LJB0L73TDJT41

Tax ID: 71-0014514

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Mortgage Data

Review & Overview

First National Bank Of North Arkansas is a smaller bank specializing in Home Purchase and Refi loans. First National Bank Of North Arkansas has a high proportion of conventional loans. Their top markets by origination volume include: Harrison, Little Rock, Fayetteville, 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.)

First National Bank Of North Arkansas 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

213

Origination Dollar Volume (All Markets)

$29,485,000

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
Outside of Metro Areas 125 $15,435,000 $123,480 $0 0.00%
Harrison, AR (FHA|USDA|VA) 44 $6,580,000 $149,545 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 15 $2,925,000 $195,000 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 12 $2,190,000 $182,500 $0 0.00%
Mountain Home, AR (FHA|USDA|VA) 6 $770,000 $128,333 $0 0.00%
Branson, MO (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
Camden, AR (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
JONESBORO, AR (FHA|USDA|VA) 3 $255,000 $85,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
El Dorado, AR (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Batesville, AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Searcy, AR (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
First National Bank Of North Arkansas's top markets include Harrison, Little Rock, Fayetteville, Mountain Home, and Branson among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 213 $29,485,000 $138,427 $0 0.00%

    For 2023, First National Bank Of North Arkansas's most frequently originated type of loan was Conventional, with 213 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 106 $18,000,000 $169,811 $0 0.00%
    Refi 53 $7,885,000 $148,774 $0 0.00%
    Home Improvement 30 $1,970,000 $65,667 $0 0.00%
    Other 24 $1,630,000 $67,917 $0 0.00%

    For 2023, First National Bank Of North Arkansas's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 213 $29,485,000 $138,427 $0 0.00%

    For 2023, First National Bank Of North Arkansas's most frequently cited loan duration was Other, with 213 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 106 $5,420,000 $51,132 $0 0.00%
    $100k-200k 65 $9,105,000 $140,077 $0 0.00%
    $200k-400k 32 $8,570,000 $267,813 $0 0.00%
    $400k-600k 7 $3,495,000 $499,286 $0 0.00%
    $600k-1MM 2 $1,690,000 $845,000 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2023 saw First National Bank Of North Arkansas place emphasis on $100,000 or less loans with 106 originations, totaling $5,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 43 $2,545,000 $59,186 $0 0.00%
    $50k-75k 35 $3,485,000 $99,571 $0 0.00%
    $75k-100k 32 $3,120,000 $97,500 $0 0.00%
    $100k-150k 27 $4,965,000 $183,889 $0 0.00%
    $150k-250k 16 $2,800,000 $175,000 $0 0.00%
    $250k+ 8 $2,350,000 $293,750 $0 0.00%

    First National Bank Of North Arkansas lent most frequently to those with incomes in the $50k or less range, with 43 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 213 $29,485,000 $138,427 $0 0.00%

    First National Bank Of North Arkansas lent most frequently to those with DTI ratios of Exempt%, with 213 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 165 $19,685,000 $119,303 $0 0.00%
    Not applicable 47 $9,695,000 $206,277 $0 0.00%
    American Indian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.21%

    First National Bank Of North 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
    96.71%

    First National Bank Of North Arkansas has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 213 $29,485,000 $138,427

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    213 $29,485,000 $138,427