Ark-la-tex Financial Services . Mortgage Rates, Fees & Info
AUSTIN, TXLEI: 5493001GDRY0EL7VG372
Tax ID: 75-2838184
2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Overview
Ark-la-tex Financial Services . is a large mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Ark-la-tex Financial Services . has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Houston, Dallas, San Diego, Austin, and Anaheim among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Ark-la-tex Financial Services . is typically an average fee lendor.Originations
28,263Origination Dollar Volume (All Markets)
$7,833,495,000Relative Rate
Ark-la-tex Financial Services .'s average 30 year fixed rate mortgage was
3.29%.
The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.
This yields a difference of -0.07%.
Relative Fees
Ark-la-tex Financial Services .'s average total fees for a 30 year fixed rate
mortgage are $4,850.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $5,021.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 18,109 | $5,047,175,000 | $278,711 | $4,001 | 3.27% |
| VA | 5,266 | $1,693,270,000 | $321,548 | $5,689 | 3.01% |
| FHA | 4,374 | $1,009,450,000 | $230,784 | $6,697 | 3.39% |
| USDA | 514 | $83,600,000 | $162,646 | $3,904 | 3.45% |
For the 2020 period, Ark-la-tex Financial Services .'s most frequently originated loan type was Conventional, with 18,109 originations. Their 2nd most popular type is VA, with 5,266 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 15,742 | $4,107,750,000 | $260,942 | $5,011 | 3.30% |
| Cash Out Refi | 6,557 | $1,949,255,000 | $297,278 | $4,598 | 3.18% |
| Refi | 5,933 | $1,768,385,000 | $298,059 | $4,143 | 3.17% |
| Home Improvement | 31 | $8,105,000 | $261,452 | $5,794 | 3.20% |
For the 2020, Ark-la-tex Financial Services .'s most frequently cited loan purpose was Home Purchase, with 15,742 originations. The 2nd most popular reason was Cash Out Refi, with 6,557 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 24,949 | $7,068,085,000 | $283,301 | $4,850 | 3.28% |
| 15 Year | 1,948 | $456,650,000 | $234,420 | $3,927 | 2.89% |
| 20 Year | 715 | $181,115,000 | $253,308 | $4,007 | 3.17% |
| Other | 385 | $106,135,000 | $275,675 | $4,571 | 3.17% |
| 10 Year | 259 | $18,415,000 | $71,100 | $1,323 | 2.50% |
| 30+ year | 6 | $3,090,000 | $515,000 | $20,931 | 3.52% |
| 5 Year | 1 | $5,000 | $5,000 | $0 | 0.00% |
For the 2020, Ark-la-tex Financial Services .'s most frequently cited loan length was 30 Year, with 24,949 originations. The 2nd most popular length was 15 Year, with 1,948 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 12,765 | $3,396,815,000 | $266,104 |
| $1k-2k | 8,100 | $2,236,660,000 | $276,131 |
| $2k-3k | 2,984 | $726,930,000 | $243,609 |
| $3k-4k | 2,833 | $816,205,000 | $288,106 |
| $5k+ | 1,487 | $637,405,000 | $428,652 |
$4,850 was Ark-la-tex Financial Services .'s average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 12,765 originations.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 2,548 | $544,270,000 | $213,607 | $4,064 | 3.34% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX | 2,130 | $543,860,000 | $255,333 | $4,682 | 3.27% |
| DALLAS-PLANO-IRVING, TX | 1,274 | $392,810,000 | $308,328 | $5,421 | 3.21% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA | 772 | $367,660,000 | $476,244 | $6,271 | 3.09% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX | 1,111 | $337,005,000 | $303,335 | $5,142 | 3.24% |
| ANAHEIM-SANTA ANA-IRVINE, CA | 623 | $327,445,000 | $525,594 | $5,057 | 3.27% |
| COLORADO SPRINGS, CO | 812 | $265,470,000 | $326,933 | $5,019 | 3.20% |
| LOS ANGELES-LONG BEACH-GLENDALE, CA | 537 | $259,445,000 | $483,138 | $7,321 | 3.25% |
| LEXINGTON-FAYETTE, KY | 1,114 | $252,270,000 | $226,454 | $3,121 | 3.39% |
| PHOENIX-MESA-CHANDLER, AZ | 838 | $243,500,000 | $290,573 | $4,782 | 3.26% |
| CHARLESTON-NORTH CHARLESTON, SC | 704 | $212,520,000 | $301,875 | $3,902 | 3.17% |
| OMAHA-COUNCIL BLUFFS, NE-IA | 855 | $197,325,000 | $230,789 | $3,223 | 3.18% |
| SAN ANTONIO-NEW BRAUNFELS, TX | 629 | $171,065,000 | $271,963 | $5,678 | 3.18% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA | 485 | $168,795,000 | $348,031 | $5,856 | 3.23% |
| GRAND RAPIDS-KENTWOOD, MI | 698 | $157,550,000 | $225,716 | $4,015 | 3.31% |
| FORT WORTH-ARLINGTON-GRAPEVINE, TX | 508 | $137,870,000 | $271,398 | $6,060 | 3.29% |
| LUBBOCK, TX | 664 | $137,710,000 | $207,395 | $4,287 | 3.29% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN | 534 | $123,350,000 | $230,993 | $3,305 | 3.32% |
| MIDLAND, TX | 411 | $120,485,000 | $293,151 | $5,123 | 3.47% |
| WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV | 275 | $115,455,000 | $419,836 | $5,330 | 3.14% |
| RALEIGH-CARY, NC | 365 | $110,225,000 | $301,986 | $4,412 | 3.15% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | 340 | $95,470,000 | $280,794 | $4,186 | 3.20% |
| NEW BRUNSWICK-LAKEWOOD, NJ | 276 | $86,800,000 | $314,493 | $4,401 | 3.20% |
| SPARTANBURG, SC | 489 | $85,605,000 | $175,061 | $4,872 | 3.22% |
| COLUMBUS, GA-AL | 327 | $74,245,000 | $227,049 | $4,354 | 3.23% |
| FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL | 227 | $66,655,000 | $293,634 | $8,135 | 3.11% |
| FRESNO, CA | 252 | $64,790,000 | $257,103 | $4,941 | 3.04% |
| SCRANTON--WILKES-BARRE, PA | 382 | $62,450,000 | $163,482 | $3,987 | 3.36% |
| TOLEDO, OH | 355 | $61,625,000 | $173,592 | $3,118 | 3.30% |
| BOISE CITY, ID | 187 | $57,765,000 | $308,904 | $7,708 | 3.20% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN | 203 | $57,365,000 | $282,586 | $4,361 | 3.06% |
| GREENSBORO-HIGH POINT, NC | 244 | $56,800,000 | $232,787 | $5,060 | 3.24% |
| NAPA, CA | 114 | $54,400,000 | $477,193 | $5,648 | 3.17% |
| BALTIMORE-COLUMBIA-TOWSON, MD | 176 | $53,930,000 | $306,420 | $7,003 | 3.04% |
| KINGSPORT-BRISTOL, TN-VA | 240 | $49,330,000 | $205,542 | $3,117 | 3.43% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA | 90 | $49,250,000 | $547,222 | $5,002 | 3.34% |
| NEWARK, NJ-PA | 153 | $46,185,000 | $301,863 | $4,727 | 3.38% |
| SANTA FE, NM | 133 | $44,995,000 | $338,308 | $5,412 | 3.01% |
| CHICAGO-NAPERVILLE-EVANSTON, IL | 151 | $42,945,000 | $284,404 | $3,708 | 3.27% |
| CHATTANOOGA, TN-GA | 186 | $41,670,000 | $224,032 | $3,100 | 3.32% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR | 169 | $40,155,000 | $237,604 | $4,744 | 3.31% |
| GREENVILLE-ANDERSON, SC | 202 | $39,830,000 | $197,178 | $4,022 | 3.19% |
| JOHNSON CITY, TN | 160 | $39,690,000 | $248,063 | $3,959 | 3.33% |
| OXNARD-THOUSAND OAKS-VENTURA, CA | 85 | $37,065,000 | $436,059 | $5,806 | 3.30% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA | 136 | $36,720,000 | $270,000 | $4,561 | 2.71% |
| DENVER-AURORA-LAKEWOOD, CO | 91 | $34,945,000 | $384,011 | $6,083 | 3.14% |
| BISMARCK, ND | 130 | $34,540,000 | $265,692 | $4,792 | 3.28% |
| ODESSA, TX | 140 | $32,520,000 | $232,286 | $6,213 | 3.45% |
| HOT SPRINGS, AR | 172 | $31,980,000 | $185,930 | $3,361 | 3.30% |
| OAKLAND-BERKELEY-LIVERMORE, CA | 71 | $30,905,000 | $435,282 | $5,682 | 3.22% |
| ST. LOUIS, MO-IL | 175 | $30,115,000 | $172,086 | $3,767 | 3.02% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI | 115 | $29,165,000 | $253,609 | $4,845 | 3.16% |
| MILWAUKEE-WAUKESHA, WI | 134 | $29,110,000 | $217,239 | $3,550 | 3.28% |
| BIRMINGHAM-HOOVER, AL | 128 | $28,590,000 | $223,359 | $5,214 | 3.34% |
| HILTON HEAD ISLAND-BLUFFTON, SC | 103 | $27,485,000 | $266,845 | $4,469 | 3.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV | 86 | $26,380,000 | $306,744 | $6,191 | 3.23% |
| WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL | 90 | $24,030,000 | $267,000 | $6,470 | 3.12% |
| MIAMI-MIAMI BEACH-KENDALL, FL | 70 | $21,840,000 | $312,000 | $7,003 | 3.30% |
| EL CENTRO, CA | 85 | $19,705,000 | $231,824 | $4,905 | 3.51% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC | 63 | $18,995,000 | $301,508 | $7,089 | 2.98% |
| NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ | 44 | $18,920,000 | $430,000 | $8,430 | 3.25% |
| AUBURN-OPELIKA, AL | 79 | $18,365,000 | $232,468 | $4,245 | 3.05% |
| BURLINGTON-SOUTH BURLINGTON, VT | 63 | $18,225,000 | $289,286 | $5,177 | 3.17% |
| WICHITA, KS | 97 | $17,465,000 | $180,052 | $4,229 | 3.44% |
| WACO, TX | 78 | $17,200,000 | $220,513 | $4,511 | 3.38% |
| MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA | 49 | $16,955,000 | $346,020 | $5,771 | 3.14% |
| ORLANDO-KISSIMMEE-SANFORD, FL | 66 | $16,710,000 | $253,182 | $5,621 | 3.12% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL | 66 | $16,390,000 | $248,333 | $5,015 | 3.09% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | 52 | $15,170,000 | $291,731 | $5,688 | 3.22% |
| EL PASO, TX | 66 | $14,840,000 | $224,848 | $6,055 | 2.97% |
| TRENTON-PRINCETON, NJ | 46 | $14,180,000 | $308,261 | $4,993 | 3.21% |
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA | 24 | $13,950,000 | $581,250 | $5,589 | 3.32% |
| FARGO, ND-MN | 52 | $13,260,000 | $255,000 | $4,411 | 3.25% |
| FREDERICK-GAITHERSBURG-ROCKVILLE, MD | 35 | $12,845,000 | $367,000 | $6,601 | 3.07% |
| DURHAM-CHAPEL HILL, NC | 47 | $12,005,000 | $255,426 | $4,651 | 3.11% |
| KILLEEN-TEMPLE, TX | 51 | $11,295,000 | $221,471 | $4,983 | 3.10% |
| BAKERSFIELD, CA | 43 | $11,085,000 | $257,791 | $4,819 | 3.08% |
| TUCSON, AZ | 42 | $10,960,000 | $260,952 | $4,373 | 3.15% |
| LAKE COUNTY-KENOSHA COUNTY, IL-WI | 39 | $10,845,000 | $278,077 | $3,351 | 3.42% |
| MEDFORD, OR | 43 | $10,715,000 | $249,186 | $4,229 | 3.43% |
| VALLEJO, CA | 32 | $10,550,000 | $329,688 | $6,278 | 3.13% |
| WINSTON-SALEM, NC | 53 | $10,495,000 | $198,019 | $4,700 | 3.27% |
| WARREN-TROY-FARMINGTON HILLS, MI | 40 | $10,400,000 | $260,000 | $3,648 | 3.21% |
| STOCKTON, CA | 39 | $10,055,000 | $257,821 | $4,452 | 2.91% |
| OCEAN CITY, NJ | 41 | $10,055,000 | $245,244 | $7,140 | 3.49% |
| GRAND FORKS, ND-MN | 46 | $9,900,000 | $215,217 | $4,224 | 3.21% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL | 39 | $9,735,000 | $249,615 | $4,930 | 3.14% |
| JACKSONVILLE, FL | 31 | $9,545,000 | $307,903 | $5,190 | 2.88% |
| CLEVELAND-ELYRIA, OH | 44 | $9,370,000 | $212,955 | $5,577 | 3.19% |
| CINCINNATI, OH-KY-IN | 36 | $9,030,000 | $250,833 | $4,234 | 3.17% |
| KNOXVILLE, TN | 36 | $8,720,000 | $242,222 | $4,145 | 3.46% |
| COLLEGE STATION-BRYAN, TX | 39 | $8,345,000 | $213,974 | $3,326 | 3.11% |
| ATLANTIC CITY-HAMMONTON, NJ | 38 | $8,210,000 | $216,053 | $5,294 | 3.46% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA | 26 | $8,180,000 | $314,615 | $5,052 | 3.13% |
| CAPE CORAL-FORT MYERS, FL | 30 | $8,050,000 | $268,333 | $3,948 | 3.13% |
| RACINE, WI | 49 | $8,015,000 | $163,571 | $2,768 | 3.27% |
| NORTH PORT-SARASOTA-BRADENTON, FL | 26 | $8,000,000 | $307,692 | $5,570 | 2.97% |
| SEATTLE-BELLEVUE-KENT, WA | 18 | $7,820,000 | $434,444 | $7,224 | 3.00% |
| PITTSBURGH, PA | 30 | $7,560,000 | $252,000 | $5,731 | 3.05% |
| SALISBURY, MD-DE | 30 | $7,500,000 | $250,000 | $4,711 | 3.20% |
| OKLAHOMA CITY, OK | 27 | $7,425,000 | $275,000 | $4,675 | 3.03% |
| MUSKEGON, MI | 40 | $7,370,000 | $184,250 | $3,818 | 3.36% |
| COLUMBIA, SC | 30 | $7,210,000 | $240,333 | $4,656 | 3.15% |
| MONROE, MI | 32 | $7,110,000 | $222,188 | $3,279 | 3.13% |
| KANSAS CITY, MO-KS | 32 | $7,110,000 | $222,188 | $4,101 | 3.11% |
| BEAUMONT-PORT ARTHUR, TX | 28 | $6,960,000 | $248,571 | $5,456 | 3.26% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL | 24 | $6,950,000 | $289,583 | $4,389 | 2.88% |
| CAMBRIDGE-NEWTON-FRAMINGHAM, MA | 19 | $6,875,000 | $361,842 | $7,289 | 3.41% |
| PUEBLO, CO | 26 | $6,720,000 | $258,462 | $4,424 | 3.29% |
| FAYETTEVILLE, NC | 30 | $6,500,000 | $216,667 | $4,014 | 3.20% |
| CAMDEN, NJ | 27 | $6,425,000 | $237,963 | $5,578 | 3.27% |
| TACOMA-LAKEWOOD, WA | 17 | $6,335,000 | $372,647 | $7,579 | 2.79% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL | 28 | $6,330,000 | $226,071 | $6,149 | 3.15% |
| SANTA ROSA-PETALUMA, CA | 15 | $6,225,000 | $415,000 | $6,413 | 3.24% |
| PHILADELPHIA, PA | 23 | $5,945,000 | $258,478 | $8,186 | 3.14% |
| CLARKSVILLE, TN-KY | 19 | $5,545,000 | $291,842 | $4,462 | 3.14% |
| NEW HAVEN-MILFORD, CT | 27 | $5,455,000 | $202,037 | $5,794 | 3.53% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN | 24 | $5,240,000 | $218,333 | $3,402 | 3.15% |
| SAN LUIS OBISPO-PASO ROBLES, CA | 13 | $5,185,000 | $398,846 | $4,889 | 2.99% |
| SANTA CRUZ-WATSONVILLE, CA | 11 | $5,165,000 | $469,545 | $4,960 | 2.91% |
| SANTA MARIA-SANTA BARBARA, CA | 14 | $5,110,000 | $365,000 | $6,859 | 3.40% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT | 24 | $5,090,000 | $212,083 | $6,401 | 3.56% |
| PENSACOLA-FERRY PASS-BRENT, FL | 18 | $5,000,000 | $277,778 | $5,059 | 2.93% |
| MODESTO, CA | 14 | $4,890,000 | $349,286 | $4,645 | 3.20% |
| ELGIN, IL | 21 | $4,885,000 | $232,619 | $3,004 | 3.06% |
| NAPLES-MARCO ISLAND, FL | 18 | $4,690,000 | $260,556 | $4,687 | 2.95% |
| LANSING-EAST LANSING, MI | 21 | $4,665,000 | $222,143 | $3,554 | 3.22% |
| BOSTON, MA | 15 | $4,615,000 | $307,667 | $6,838 | 3.60% |
| LAKELAND-WINTER HAVEN, FL | 19 | $4,465,000 | $235,000 | $5,763 | 3.09% |
| CORPUS CHRISTI, TX | 17 | $4,325,000 | $254,412 | $5,912 | 3.13% |
| MORRISTOWN, TN | 17 | $4,305,000 | $253,235 | $4,738 | 3.18% |
| PORT ST. LUCIE, FL | 19 | $4,285,000 | $225,526 | $5,400 | 3.10% |
| AMARILLO, TX | 15 | $4,255,000 | $283,667 | $7,854 | 3.06% |
| GREELEY, CO | 11 | $4,205,000 | $382,273 | $7,185 | 3.20% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ | 21 | $4,105,000 | $195,476 | $4,892 | 3.37% |
| YORK-HANOVER, PA | 22 | $4,090,000 | $185,909 | $4,212 | 3.24% |
| RICHMOND, VA | 16 | $4,080,000 | $255,000 | $5,185 | 3.35% |
| WINCHESTER, VA-WV | 17 | $3,985,000 | $234,412 | $5,011 | 3.28% |
| SHERMAN-DENISON, TX | 17 | $3,935,000 | $231,471 | $4,954 | 3.28% |
| SALT LAKE CITY, UT | 11 | $3,785,000 | $344,091 | $3,008 | 3.11% |
| AKRON, OH | 19 | $3,715,000 | $195,526 | $5,249 | 3.37% |
| KALAMAZOO-PORTAGE, MI | 16 | $3,690,000 | $230,625 | $4,350 | 3.26% |
| SAN ANGELO, TX | 15 | $3,645,000 | $243,000 | $3,604 | 3.09% |
| MADISON, WI | 14 | $3,600,000 | $257,143 | $2,645 | 3.15% |
| BRIDGEPORT-STAMFORD-NORWALK, CT | 13 | $3,435,000 | $264,231 | $6,490 | 3.33% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA | 10 | $3,400,000 | $340,000 | $5,966 | 2.72% |
| SALINAS, CA | 7 | $3,325,000 | $475,000 | $5,335 | 2.98% |
| MADERA, CA | 14 | $3,290,000 | $235,000 | $4,891 | 2.76% |
| NILES, MI | 14 | $3,260,000 | $232,857 | $3,941 | 3.26% |
| PANAMA CITY, FL | 12 | $3,140,000 | $261,667 | $9,071 | 2.90% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC | 13 | $3,135,000 | $241,154 | $4,504 | 3.23% |
| WICHITA FALLS, TX | 16 | $3,100,000 | $193,750 | $5,863 | 2.98% |
| RENO, NV | 12 | $3,090,000 | $257,500 | $3,106 | 2.85% |
| WILMINGTON, DE-MD-NJ | 10 | $2,990,000 | $299,000 | $4,255 | 3.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ | 12 | $2,960,000 | $246,667 | $3,310 | 2.92% |
| DETROIT-DEARBORN-LIVONIA, MI | 14 | $2,940,000 | $210,000 | $3,788 | 3.06% |
| COLUMBUS, OH | 12 | $2,880,000 | $240,000 | $4,022 | 2.90% |
| FLAGSTAFF, AZ | 8 | $2,830,000 | $353,750 | $3,797 | 3.08% |
| SIOUX FALLS, SD | 12 | $2,650,000 | $220,833 | $3,877 | 2.96% |
| BOULDER, CO | 6 | $2,560,000 | $426,667 | $6,189 | 3.18% |
| COEUR D'ALENE, ID | 4 | $2,420,000 | $605,000 | $2,861 | 3.19% |
| SAN RAFAEL, CA | 4 | $2,420,000 | $605,000 | $8,114 | 3.03% |
| CALIFORNIA-LEXINGTON PARK, MD | 7 | $2,365,000 | $337,857 | $5,076 | 2.68% |
| OLYMPIA-LACEY-TUMWATER, WA | 6 | $2,330,000 | $388,333 | $6,573 | 2.63% |
| SPRINGFIELD, MA | 8 | $2,310,000 | $288,750 | $5,389 | 3.25% |
| SOUTH BEND-MISHAWAKA, IN-MI | 10 | $2,220,000 | $222,000 | $5,326 | 3.24% |
| PUNTA GORDA, FL | 9 | $2,195,000 | $243,889 | $4,270 | 3.37% |
| LINCOLN, NE | 10 | $2,150,000 | $215,000 | $3,865 | 3.01% |
| SAVANNAH, GA | 8 | $2,130,000 | $266,250 | $5,487 | 3.17% |
| WORCESTER, MA-CT | 10 | $2,080,000 | $208,000 | $4,870 | 3.17% |
| ST. GEORGE, UT | 6 | $2,000,000 | $333,333 | $5,161 | 3.50% |
| LAKE HAVASU CITY-KINGMAN, AZ | 7 | $1,995,000 | $285,000 | $3,989 | 3.00% |
| WILMINGTON, NC | 10 | $1,970,000 | $197,000 | $4,132 | 3.33% |
| SPRINGFIELD, MO | 9 | $1,955,000 | $217,222 | $1,743 | 3.11% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR | 7 | $1,955,000 | $279,286 | $2,711 | 3.59% |
| ABILENE, TX | 8 | $1,940,000 | $242,500 | $3,496 | 2.97% |
| MERCED, CA | 9 | $1,875,000 | $208,333 | $3,649 | 2.58% |
| FLINT, MI | 9 | $1,805,000 | $200,556 | $4,850 | 3.21% |
| GARY, IN | 8 | $1,800,000 | $225,000 | $2,775 | 3.47% |
| OGDEN-CLEARFIELD, UT | 6 | $1,730,000 | $288,333 | $3,678 | 3.50% |
| JACKSONVILLE, NC | 8 | $1,720,000 | $215,000 | $4,790 | 3.30% |
| CLEVELAND, TN | 7 | $1,615,000 | $230,714 | $3,434 | 3.10% |
| PROVIDENCE-WARWICK, RI-MA | 7 | $1,605,000 | $229,286 | $5,959 | 3.64% |
| JEFFERSON CITY, MO | 10 | $1,550,000 | $155,000 | $2,400 | 3.16% |
| STAUNTON, VA | 7 | $1,545,000 | $220,714 | $4,199 | 3.23% |
| TYLER, TX | 6 | $1,510,000 | $251,667 | $8,340 | 3.75% |
| SALEM, OR | 5 | $1,485,000 | $297,000 | $5,461 | 3.15% |
| LAS CRUCES, NM | 7 | $1,465,000 | $209,286 | $4,842 | 3.05% |
| MEMPHIS, TN-MS-AR | 5 | $1,445,000 | $289,000 | $3,580 | 3.07% |
| MCALLEN-EDINBURG-MISSION, TX | 8 | $1,440,000 | $180,000 | $5,739 | 3.28% |
| AUGUSTA-RICHMOND COUNTY, GA-SC | 5 | $1,425,000 | $285,000 | $3,738 | 2.73% |
| ROANOKE, VA | 6 | $1,410,000 | $235,000 | $5,073 | 2.89% |
| HUNTINGTON-ASHLAND, WV-KY-OH | 9 | $1,375,000 | $152,778 | $3,391 | 3.29% |
| BURLINGTON, NC | 7 | $1,375,000 | $196,429 | $5,670 | 3.16% |
| FORT COLLINS, CO | 4 | $1,330,000 | $332,500 | $3,394 | 3.22% |
| MONTGOMERY, AL | 6 | $1,320,000 | $220,000 | $6,061 | 3.44% |
| HUNTSVILLE, AL | 4 | $1,320,000 | $330,000 | $3,471 | 2.69% |
| ATHENS-CLARKE COUNTY, GA | 5 | $1,295,000 | $259,000 | $1,616 | 3.17% |
| MOUNT VERNON-ANACORTES, WA | 3 | $1,265,000 | $421,667 | $6,481 | 2.96% |
| NEW ORLEANS-METAIRIE, LA | 4 | $1,260,000 | $315,000 | $3,551 | 3.69% |
| OCALA, FL | 6 | $1,250,000 | $208,333 | $3,799 | 2.90% |
| TULSA, OK | 5 | $1,235,000 | $247,000 | $5,206 | 2.93% |
| LONGVIEW, TX | 5 | $1,195,000 | $239,000 | $6,294 | 3.22% |
| ELIZABETHTOWN-FORT KNOX, KY | 7 | $1,185,000 | $169,286 | $4,219 | 3.16% |
| BATON ROUGE, LA | 5 | $1,175,000 | $235,000 | $4,860 | 2.75% |
| LYNCHBURG, VA | 4 | $1,170,000 | $292,500 | $4,390 | 3.03% |
| TALLAHASSEE, FL | 4 | $1,170,000 | $292,500 | $4,225 | 3.09% |
| ALBUQUERQUE, NM | 5 | $1,155,000 | $231,000 | $4,231 | 3.18% |
| ANN ARBOR, MI | 4 | $1,150,000 | $287,500 | $3,830 | 3.22% |
| SEBRING-AVON PARK, FL | 6 | $1,100,000 | $183,333 | $3,995 | 3.27% |
| DALTON, GA | 6 | $1,070,000 | $178,333 | $2,893 | 2.98% |
| BARNSTABLE TOWN, MA | 4 | $1,030,000 | $257,500 | $4,736 | 3.34% |
| EAST STROUDSBURG, PA | 5 | $1,005,000 | $201,000 | $6,664 | 3.38% |
| YUMA, AZ | 3 | $1,005,000 | $335,000 | $2,196 | 2.79% |
| HOMOSASSA SPRINGS, FL | 5 | $975,000 | $195,000 | $3,389 | 2.77% |
| EUGENE-SPRINGFIELD, OR | 3 | $965,000 | $321,667 | $4,627 | 2.75% |
| SIERRA VISTA-DOUGLAS, AZ | 4 | $960,000 | $240,000 | $2,785 | 2.66% |
| ASHEVILLE, NC | 3 | $935,000 | $311,667 | $4,647 | 2.79% |
| BATTLE CREEK, MI | 3 | $935,000 | $311,667 | $5,056 | 3.04% |
| DULUTH, MN-WI | 3 | $895,000 | $298,333 | $5,609 | 2.88% |
| VISALIA, CA | 5 | $895,000 | $179,000 | $4,889 | 3.47% |
| LAFAYETTE-WEST LAFAYETTE, IN | 5 | $875,000 | $175,000 | $2,554 | 3.08% |
| DES MOINES-WEST DES MOINES, IA | 4 | $870,000 | $217,500 | $2,615 | 3.34% |
| JONESBORO, AR | 4 | $860,000 | $215,000 | $6,222 | 3.28% |
| FLORENCE, SC | 3 | $845,000 | $281,667 | $4,818 | 3.25% |
| DOVER, DE | 3 | $835,000 | $278,333 | $4,070 | 3.25% |
| CHARLOTTESVILLE, VA | 3 | $795,000 | $265,000 | $2,787 | 3.38% |
| GETTYSBURG, PA | 4 | $770,000 | $192,500 | $4,456 | 3.19% |
| BROWNSVILLE-HARLINGEN, TX | 3 | $755,000 | $251,667 | $4,892 | 2.75% |
| CARSON CITY, NV | 3 | $745,000 | $248,333 | $2,665 | 3.33% |
| ROME, GA | 2 | $740,000 | $370,000 | $4,305 | 3.56% |
| VINELAND-BRIDGETON, NJ | 4 | $730,000 | $182,500 | $6,327 | 3.22% |
| SUMTER, SC | 4 | $720,000 | $180,000 | $3,936 | 3.34% |
| APPLETON, WI | 3 | $715,000 | $238,333 | $4,006 | 3.41% |
| CAPE GIRARDEAU, MO-IL | 4 | $710,000 | $177,500 | $1,176 | 3.16% |
| GRANTS PASS, OR | 3 | $685,000 | $228,333 | $3,973 | 3.87% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY | 2 | $660,000 | $330,000 | $13,482 | 3.13% |
| THE VILLAGES, FL | 3 | $655,000 | $218,333 | $3,665 | 2.63% |
| ALEXANDRIA, LA | 3 | $655,000 | $218,333 | $2,670 | 2.71% |
| HANFORD-CORCORAN, CA | 3 | $655,000 | $218,333 | $5,440 | 2.96% |
| DOTHAN, AL | 2 | $650,000 | $325,000 | $4,813 | 2.63% |
| SAGINAW, MI | 4 | $650,000 | $162,500 | $3,867 | 3.56% |
| FORT WAYNE, IN | 4 | $610,000 | $152,500 | $2,488 | 3.09% |
| LAFAYETTE, LA | 4 | $610,000 | $152,500 | $3,279 | 3.28% |
| BEND, OR | 2 | $560,000 | $280,000 | $5,908 | 3.56% |
| SEBASTIAN-VERO BEACH, FL | 4 | $550,000 | $137,500 | $3,705 | 3.31% |
| MANCHESTER-NASHUA, NH | 1 | $545,000 | $545,000 | $11,604 | 2.50% |
| COLUMBIA, MO | 3 | $535,000 | $178,333 | $1,162 | 2.79% |
| WARNER ROBINS, GA | 3 | $515,000 | $171,667 | $2,802 | 3.08% |
| PROVO-OREM, UT | 2 | $510,000 | $255,000 | $5,432 | 3.13% |
| TWIN FALLS, ID | 2 | $500,000 | $250,000 | $9,324 | 3.31% |
| CHICO, CA | 2 | $490,000 | $245,000 | $3,507 | 2.69% |
| NASSAU COUNTY-SUFFOLK COUNTY, NY | 1 | $485,000 | $485,000 | $5,617 | 3.75% |
| GOLDSBORO, NC | 3 | $465,000 | $155,000 | $2,070 | 3.50% |
| SPOKANE-SPOKANE VALLEY, WA | 2 | $450,000 | $225,000 | $2,388 | 2.63% |
| GREENVILLE, NC | 2 | $450,000 | $225,000 | $4,810 | 3.43% |
| DAPHNE-FAIRHOPE-FOLEY, AL | 1 | $445,000 | $445,000 | $3,612 | 3.38% |
| MACON-BIBB COUNTY, GA | 2 | $430,000 | $215,000 | $7,305 | 4.88% |
| EVANSVILLE, IN-KY | 3 | $425,000 | $141,667 | $1,934 | 3.08% |
| LA CROSSE-ONALASKA, WI-MN | 1 | $415,000 | $415,000 | $3,347 | 2.88% |
| FOND DU LAC, WI | 2 | $410,000 | $205,000 | $3,116 | 3.12% |
| MANHATTAN, KS | 1 | $405,000 | $405,000 | $3,263 | 2.63% |
| LONGVIEW, WA | 1 | $405,000 | $405,000 | $2,538 | 2.75% |
| TERRE HAUTE, IN | 2 | $390,000 | $195,000 | $2,331 | 3.12% |
| FORT SMITH, AR-OK | 2 | $390,000 | $195,000 | $2,646 | 2.88% |
| BLOOMINGTON, IN | 2 | $390,000 | $195,000 | $1,886 | 3.19% |
| ROCKFORD, IL | 2 | $380,000 | $190,000 | $5,297 | 3.13% |
| CUMBERLAND, MD-WV | 2 | $360,000 | $180,000 | $3,053 | 3.87% |
| LANCASTER, PA | 2 | $350,000 | $175,000 | $6,911 | 3.13% |
| JACKSON, MI | 2 | $340,000 | $170,000 | $4,185 | 3.06% |
| NORWICH-NEW LONDON, CT | 2 | $340,000 | $170,000 | $5,788 | 3.94% |
| BUFFALO-CHEEKTOWAGA, NY | 1 | $335,000 | $335,000 | $2,918 | 3.88% |
| HARRISBURG-CARLISLE, PA | 2 | $330,000 | $165,000 | $3,948 | 3.24% |
| ELKHART-GOSHEN, IN | 1 | $325,000 | $325,000 | $1,364 | 3.13% |
| OWENSBORO, KY | 2 | $320,000 | $160,000 | $2,347 | 3.69% |
| CHAMBERSBURG-WAYNESBORO, PA | 1 | $315,000 | $315,000 | $1,064 | 2.99% |
| HAGERSTOWN-MARTINSBURG, MD-WV | 2 | $310,000 | $155,000 | $4,357 | 3.38% |
| TUSCALOOSA, AL | 2 | $310,000 | $155,000 | $2,474 | 3.68% |
| YUBA CITY, CA | 1 | $305,000 | $305,000 | $7,411 | 2.25% |
| SPRINGFIELD, IL | 1 | $305,000 | $305,000 | $6,235 | 2.49% |
| BELLINGHAM, WA | 1 | $305,000 | $305,000 | $6,451 | 2.50% |
| JACKSON, TN | 1 | $285,000 | $285,000 | $2,909 | 2.50% |
| TOPEKA, KS | 2 | $270,000 | $135,000 | $5,622 | 3.69% |
| KENNEWICK-RICHLAND, WA | 1 | $265,000 | $265,000 | $2,652 | 2.50% |
| LAKE CHARLES, LA | 1 | $255,000 | $255,000 | $4,205 | 2.25% |
| BOWLING GREEN, KY | 1 | $245,000 | $245,000 | $440 | 3.49% |
| ST. CLOUD, MN | 1 | $245,000 | $245,000 | $2,797 | 3.13% |
| BLOOMSBURG-BERWICK, PA | 2 | $240,000 | $120,000 | $2,379 | 3.38% |
| JANESVILLE-BELOIT, WI | 1 | $225,000 | $225,000 | $5,377 | 3.49% |
| ALBANY, GA | 1 | $215,000 | $215,000 | $3,954 | 3.13% |
| CANTON-MASSILLON, OH | 1 | $215,000 | $215,000 | $2,403 | 2.63% |
| MICHIGAN CITY-LA PORTE, IN | 1 | $215,000 | $215,000 | $3,325 | 2.88% |
| WAUSAU-WESTON, WI | 1 | $205,000 | $205,000 | $1,925 | 3.13% |
| ROCHESTER, MN | 1 | $205,000 | $205,000 | $7,982 | 3.49% |
| HAMMOND, LA | 1 | $205,000 | $205,000 | $2,749 | 2.75% |
| HARRISONBURG, VA | 1 | $195,000 | $195,000 | $7,145 | 3.13% |
| CASPER, WY | 1 | $195,000 | $195,000 | $4,172 | 3.25% |
| SHREVEPORT-BOSSIER CITY, LA | 1 | $195,000 | $195,000 | $1,312 | 3.38% |
| ROCKY MOUNT, NC | 1 | $195,000 | $195,000 | $2,071 | 3.13% |
| GAINESVILLE, GA | 1 | $185,000 | $185,000 | $3,484 | 2.63% |
| LOGAN, UT-ID | 1 | $175,000 | $175,000 | $5,272 | 2.63% |
| ENID, OK | 1 | $175,000 | $175,000 | $3,864 | 2.88% |
| JOPLIN, MO | 1 | $175,000 | $175,000 | $3,633 | 2.25% |
| VALDOSTA, GA | 1 | $165,000 | $165,000 | $3,655 | 3.00% |
| HICKORY-LENOIR-MORGANTON, NC | 1 | $165,000 | $165,000 | $5,735 | 3.13% |
| STATE COLLEGE, PA | 1 | $165,000 | $165,000 | $4,812 | 3.13% |
| BAY CITY, MI | 1 | $155,000 | $155,000 | $3,774 | 3.12% |
| MOBILE, AL | 1 | $145,000 | $145,000 | $847 | 4.25% |
| DAYTON-KETTERING, OH | 1 | $145,000 | $145,000 | $3,550 | 2.63% |
| PEORIA, IL | 1 | $125,000 | $125,000 | $430 | 3.13% |
| LAWTON, OK | 1 | $125,000 | $125,000 | $2,569 | 2.75% |
| READING, PA | 1 | $115,000 | $115,000 | $3,658 | 4.13% |
| GAINESVILLE, FL | 1 | $105,000 | $105,000 | $4,539 | 2.88% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA | 1 | $95,000 | $95,000 | $2,290 | 3.63% |
| PINE BLUFF, AR | 1 | $95,000 | $95,000 | $2,711 | 3.00% |
| OSHKOSH-NEENAH, WI | 1 | $65,000 | $65,000 | $1,750 | 3.49% |
Ark-la-tex Financial Services .'s top markets include Houston, Dallas, San Diego, Austin, and Anaheim among others.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 15,260 | $4,099,440,000 | $268,640 |
| 2.5-3% | 9,681 | $2,886,685,000 | $298,180 |
| 4-5% | 1,602 | $369,470,000 | $230,630 |
| <2.5% | 1,544 | $448,160,000 | $290,259 |
| 5-6% | 171 | $29,145,000 | $170,439 |
| 6-7% | 5 | $595,000 | $119,000 |
During 2020, Ark-la-tex Financial Services .'s average interest rate was 3.29%, while their most frequently originated rate bucket was 3-4%, with 15,260 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 14,544 | $4,077,100,000 | $280,329 | $4,947 | 3.21% |
| $100k-200k | 7,654 | $1,204,330,000 | $157,346 | $3,659 | 3.36% |
| $400k-600k | 3,840 | $1,819,360,000 | $473,792 | $5,887 | 3.15% |
| $100,000 or less | 1,348 | $86,180,000 | $63,932 | $2,336 | 3.16% |
| $600k-1MM | 819 | $573,815,000 | $700,629 | $8,509 | 3.22% |
| $1MM+ | 58 | $72,710,000 | $1,253,621 | $17,083 | 3.16% |
2020 saw Ark-la-tex Financial Services . place emphasis on $200k-400k loans with 14,544 originations, totaling $4,077,100,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 6,173 | $1,292,195,000 | $209,330 | $4,486 | 3.31% |
| $100k-150k | 6,065 | $1,899,885,000 | $313,254 | $5,101 | 3.26% |
| $50k or less | 5,246 | $1,120,670,000 | $213,624 | $3,912 | 3.16% |
| $75k-100k | 5,054 | $1,304,680,000 | $258,148 | $4,918 | 3.28% |
| $150k-250k | 3,767 | $1,452,675,000 | $385,632 | $5,378 | 3.24% |
| $250k+ | 1,299 | $573,165,000 | $441,236 | $5,434 | 3.24% |
Ark-la-tex Financial Services . lent most frequently to those with incomes in the $50k-75k range, with 6,173 originations. The second most popular income band? $100k-150k, with 6,065 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 5,407 | $1,455,145,000 | $269,122 | $4,245 | 3.22% |
| 30-36% | 4,819 | $1,309,915,000 | $271,823 | $4,484 | 3.25% |
| <20% | 3,238 | $900,300,000 | $278,042 | $3,829 | 3.04% |
| 50-60% | 1,420 | $382,890,000 | $269,641 | $7,237 | 3.36% |
| 44% | 1,175 | $319,565,000 | $271,970 | $4,824 | 3.39% |
| 41% | 1,017 | $280,255,000 | $275,570 | $5,181 | 3.34% |
| 42% | 1,014 | $282,930,000 | $279,024 | $4,878 | 3.30% |
| 43% | 985 | $273,375,000 | $277,538 | $4,974 | 3.36% |
| 40% | 973 | $263,235,000 | $270,540 | $4,738 | 3.30% |
| 39% | 961 | $267,115,000 | $277,955 | $4,998 | 3.29% |
| 36% | 914 | $249,750,000 | $273,249 | $4,619 | 3.33% |
| 37% | 906 | $246,960,000 | $272,583 | $4,511 | 3.28% |
| 38% | 890 | $245,800,000 | $276,180 | $4,732 | 3.29% |
| 49% | 823 | $240,735,000 | $292,509 | $5,476 | 3.34% |
| 45% | 682 | $193,520,000 | $283,754 | $5,182 | 3.32% |
| 46% | 671 | $187,305,000 | $279,143 | $5,296 | 3.30% |
| 48% | 650 | $184,710,000 | $284,169 | $5,226 | 3.31% |
| 47% | 632 | $175,980,000 | $278,449 | $5,420 | 3.32% |
| >60% | 84 | $33,600,000 | $400,000 | $9,261 | 3.33% |
Ark-la-tex Financial Services . lent most frequently to those with DTI ratios of 20-30%, with 5,407 originations. The next most common DTI ratio? 30-36%, with 4,819 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 20,783 | $5,672,095,000 | $272,920 | $4,630 | 3.24% |
| Not provided | 4,681 | $1,379,945,000 | $294,797 | $4,980 | 3.24% |
| Black | 1,694 | $431,700,000 | $254,841 | $5,225 | 3.26% |
| Asian | 861 | $278,715,000 | $323,711 | $4,652 | 3.19% |
| American Indian | 175 | $48,585,000 | $277,629 | $5,858 | 3.33% |
| Native Hawaiian | 55 | $18,055,000 | $328,273 | $5,506 | 3.21% |
| Asian Indian | 4 | $2,050,000 | $512,500 | $4,502 | 3.53% |
| Other Pacific Islander | 3 | $545,000 | $181,667 | $6,111 | 3.29% |
| Chinese | 2 | $470,000 | $235,000 | $1,941 | 2.93% |
| Other Asian | 2 | $450,000 | $225,000 | $2,769 | 2.93% |
| Korean | 1 | $445,000 | $445,000 | $6,386 | 3.75% |
| Vietnamese | 1 | $255,000 | $255,000 | $4,002 | 2.63% |
| Filipino | 1 | $185,000 | $185,000 | $525 | 2.88% |
Approval Rates
Total approvals of all applications91.92%
Ark-la-tex Financial Services . has an average approval rate.
Pick Rate
Approvals leading to origination77.36%
Ark-la-tex Financial Services . has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $10,000 | $5,000 |
| NA | 28,261 | $7,833,485,000 | $277,184 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 45 | $8,165,000 | $181,444 |
| Single Family (1-4 Units):Site-Built | 28,218 | $7,825,330,000 | $277,317 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 689 | $162,515,000 | $235,871 | $3,913 | 3.09% |
| 40-60% | 2,519 | $723,015,000 | $287,025 | $4,052 | 3.11% |
| 60-80% | 7,640 | $2,263,740,000 | $296,301 | $4,384 | 3.29% |
| 80-100% | 15,449 | $4,158,375,000 | $269,168 | $4,764 | 3.29% |
| Over 100% | 1,128 | $372,230,000 | $329,991 | $10,304 | 3.08% |
| Under 20% | 362 | $14,650,000 | $40,470 | $694 | 2.10% |