First Arkansas Bank And Trust Mortgage Rates, Fees & Info
Jacksonville, ARLEI: 5493007BBMW58UQT5588
Tax ID: 71-0231333
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Arkansas Bank And Trust is a smaller bank specializing in Home Purchase loans. First Arkansas Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Searcy, Fayetteville, and Hot Springs among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)First Arkansas Bank And Trust 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
71Origination Dollar Volume (All Markets)
$20,185,000Top 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 |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 56 | $16,290,000 | $290,893 | $3,206 | 8.66% |
| Outside of Metro Areas | 9 | $2,585,000 | $287,222 | $4,092 | 8.70% |
| Searcy, AR (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $0 | 8.70% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 9.50% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.95% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Arkansas Bank and Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $20,185,000 | $284,296 | $3,428 | 8.67% |
For 2024, First Arkansas Bank And Trust's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
For 2024, First Arkansas Bank And Trust's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
For 2024, First Arkansas Bank And Trust's most frequently cited loan duration was 3 Year, with 41 originations. The 2nd most popular length was Other, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 8 | $2,240,000 | $280,000 |
First Arkansas Bank And Trust's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 57 | $14,995,000 | $263,070 |
| 7-8% | 13 | $3,515,000 | $270,385 |
| 5-6% | 1 | $1,675,000 | $1,675,000 |
During 2024, First Arkansas Bank And Trust's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 57 originations.
Loan Sizing
2024 saw First Arkansas Bank And Trust place emphasis on $100k-200k loans with 34 originations, totaling $4,780,000 in origination value.
Applicant Income
First Arkansas Bank And Trust lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
First Arkansas Bank And Trust lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? 20-30%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.10%
First Arkansas Bank And Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.77%
First Arkansas Bank And Trust 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 |
|---|---|---|---|
| NA | 71 | $20,185,000 | $284,296 |