First National Bank Of North Arkansas Mortgage Rates, Fees & Info
Berryville, ARLEI: 5493000LJB0L73TDJT41
Tax ID: 71-0014514
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First National Bank Of North Arkansas is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First National Bank Of North Arkansas has a high proportion of conventional loans. Their top markets by origination volume include: Harrison, Fayetteville, Springfield, Mountain Home, and Little Rock among others. We have data for 7 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 a below average pick rate when compared to similar lenders.
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Originations
170Origination Dollar Volume (All Markets)
$16,390,000Top 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 | 103 | $9,105,000 | $88,398 | $0 | 0.00% |
| Harrison, AR (FHA|USDA|VA) | 43 | $3,805,000 | $88,488 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 12 | $1,880,000 | $156,667 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 170 | $16,390,000 | $96,412 | $0 | 0.00% |
For 2022, First National Bank Of North Arkansas's most frequently originated type of loan was Conventional, with 170 originations.
Loan Reason
For 2022, First National Bank Of North Arkansas's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 170 | $16,390,000 | $96,412 | $0 | 0.00% |
For 2022, First National Bank Of North Arkansas's most frequently cited loan duration was Other, with 170 originations.
Loan Sizing
2022 saw First National Bank Of North Arkansas place emphasis on $100,000 or less loans with 115 originations, totaling $5,815,000 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 57 originations. The second most popular income band? $50k-75k, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 170 | $16,390,000 | $96,412 | $0 | 0.00% |
First National Bank Of North Arkansas lent most frequently to those with DTI ratios of Exempt%, with 170 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 152 | $14,320,000 | $94,211 | $0 | 0.00% |
| Not applicable | 18 | $2,070,000 | $115,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.92%
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 origination88.82%
First National Bank Of North Arkansas has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 170 | $16,390,000 | $96,412 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |