First Western Bank Mortgage Rates, Fees & Info

Booneville, AR

LEI: 54930013SG5BXUL3G429

Tax ID: 71-0031220

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

First Western Bank is a smaller bank specializing in Home Purchase loans. First Western Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Fort Smith, Tahlequah, and Pine Bluff among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Western Bank 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

122

Origination Dollar Volume (All Markets)

$48,580,000

Top Markets

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Leaflet | Map data © OpenStreetMap contributors| Map style: © OpenTopoMap (CC-BY-SA)

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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
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	84	$41,070,000	$488,929	$0	0.00%
FORT SMITH, AR-OK (FHA\|USDA\|VA)	23	$4,305,000	$187,174	$0	0.00%
Outside of Metro Areas	13	$2,925,000	$225,000	$0	0.00%
Tahlequah, OK (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%
PINE BLUFF, AR (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	0.00%

First Western Bank's top markets include Fayetteville, Fort Smith, Tahlequah, and Pine Bluff among others.

Their top states include:

Arkansas (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	122	$48,580,000	$398,197	$0	0.00%

For 2024, First Western Bank's most frequently originated type of loan was Conventional, with 122 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	101	$34,925,000	$345,792	$0	0.00%
Refi	13	$9,025,000	$694,231	$0	0.00%
Home Improvement	6	$4,550,000	$758,333	$0	0.00%
Other	2	$80,000	$40,000	$0	0.00%

For 2024, First Western Bank's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Refi, with 13 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	122	$48,580,000	$398,197	$0	0.00%

For 2024, First Western Bank's most frequently cited loan duration was Other, with 122 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	54	$15,870,000	$293,889	$0	0.00%
$100k-200k	27	$3,985,000	$147,593	$0	0.00%
$400k-600k	23	$10,475,000	$455,435	$0	0.00%
$100,000 or less	11	$685,000	$62,273	$0	0.00%
$1MM+	5	$16,155,000	$3,231,000	$0	0.00%
$600k-1MM	2	$1,410,000	$705,000	$0	0.00%

2024 saw First Western Bank place emphasis on $200k-400k loans with 54 originations, totaling $15,870,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	10	$2,150,000	$215,000	$0	0.00%
$250k+	8	$2,880,000	$360,000	$0	0.00%
$150k-250k	6	$1,960,000	$326,667	$0	0.00%
$50k or less	4	$830,000	$207,500	$0	0.00%
$50k-75k	3	$445,000	$148,333	$0	0.00%
$75k-100k	2	$490,000	$245,000	$0	0.00%

First Western Bank lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $250k+, with 8 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	122	$48,580,000	$398,197	$0	0.00%

First Western Bank lent most frequently to those with DTI ratios of Exempt%, with 122 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	88	$39,740,000	$451,591	$0	0.00%
White	28	$6,640,000	$237,143	$0	0.00%
Asian	6	$2,200,000	$366,667	$0	0.00%

Approval Rates

Total approvals of all applications
98.41%

First Western Bank 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
98.36%

First Western Bank 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	122	$48,580,000	$398,197

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	122	$48,580,000	$398,197