First National Bank Of North Arkansas Mortgage Rates, Fees & Info
Berryville, ARLEI: 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
213Origination Dollar Volume (All Markets)
$29,485,000Top 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% |
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
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
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
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
Approval Rates
Total approvals of all applications98.21%
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 origination96.71%
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 |