The First National Bank Of Fort Smith Mortgage Rates, Fees & Info
Fort Smith, ARLEI: 549300BREPLU2KKPI102
Tax ID: 71-0058845
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Mortgage Data
Review & Overview
The First National Bank Of Fort Smith is a smaller bank specializing in Home Purchase loans. The First National Bank Of Fort Smith has a high proportion of conventional loans. The First National Bank Of Fort Smith has a low ratio of conventional loans.They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Fayetteville, Fort Smith, Little Rock, Oklahoma City, and Searcy among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank Of Fort Smith 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. The First National Bank Of Fort Smith is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.59% | 5/13/24 |
| 30 Year Conventional Refi | 6.82% | 5/13/24 |
| 30 Year Cash-out Refi | 6.67% | 5/13/24 |
| 30 Year FHA Purchase | 6.95% | 5/13/24 |
| 30 Year FHA Refi | 6.27% | 5/13/24 |
| 30 Year VA Purchase | 6.27% | 5/13/24 |
| 30 Year VA Refi | 6.27% | 5/13/24 |
| 30 Year USDA Purchase | 6.27% | 5/13/24 |
| 15 Year Conventional Purchase | 6.11% | 5/13/24 |
| 15 Year Conventional Refi | 6.19% | 5/13/24 |
| 15 Year Cash-out Refi | 6.19% | 5/13/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The First National Bank Of Fort Smith Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
581Origination Dollar Volume (All Markets)
$314,935,000Awards
The First National Bank of Fort Smith - 2022
The First National Bank of Fort Smith is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Top 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 |
|---|---|---|---|---|---|
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 217 | $151,435,000 | $697,857 | $3,586 | 4.87% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 206 | $80,690,000 | $391,699 | $2,633 | 5.20% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 21 | $32,275,000 | $1,536,905 | $2,761 | 6.31% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $19,335,000 | $6,445,000 | $3,361 | 4.88% |
| Outside of Metro Areas | 112 | $18,150,000 | $162,054 | $3,858 | 5.09% |
| Searcy, AR (FHA|USDA|VA) | 1 | $6,635,000 | $6,635,000 | $0 | 3.90% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $1,120,000 | $560,000 | $0 | 4.60% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $6,527 | 6.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 4.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $6,141 | 4.88% |
| Tahlequah, OK (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $3,371 | 4.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 4.60% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,230 | 3.50% |
| TULSA, OK (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,734 | 3.63% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,067 | 5.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Harrison, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,388 | 4.99% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,990 | 5.88% |
| Russellville, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,477 | 6.50% |
| McAlester, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The First National Bank of Fort Smith 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 | 483 | $300,615,000 | $622,391 | $3,200 | 5.07% |
| Conventional | 95 | $13,865,000 | $145,947 | $0 | 0.00% |
| FHA | 3 | $455,000 | $151,667 | $6,692 | 6.58% |
For 2022, The First National Bank Of Fort Smith's most frequently originated type of loan was Conventional, with 483 originations. Their 2nd most popular type was Conventional, with 95 originations.
Loan Reason
For 2022, The First National Bank Of Fort Smith's most frequently cited loan purpose was Home Purchase, with 413 originations. The 2nd most popular reason was Refi, with 96 originations.
Loan Duration/Length
For 2022, The First National Bank Of Fort Smith's most frequently cited loan duration was 30 Year, with 231 originations. The 2nd most popular length was 5 Year, with 130 originations.
Origination Fees/Closing Costs
The First National Bank Of Fort Smith's average total fees were $3,504, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 174 originations.
Interest Rates
During 2022, The First National Bank Of Fort Smith's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 5-6%, with 164 originations.
Loan Sizing
2022 saw The First National Bank Of Fort Smith place emphasis on $200k-400k loans with 167 originations, totaling $45,945,000 in origination value.
Applicant Income
The First National Bank Of Fort Smith lent most frequently to those with incomes in the $100k-150k range, with 84 originations. The second most popular income band? $50k-75k, with 80 originations.
Applicant Debt to Income Ratio
The First National Bank Of Fort Smith lent most frequently to those with DTI ratios of Exempt%, with 95 originations. The next most common DTI ratio? 20-30%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.91%
The First National Bank Of Fort Smith has an average approval rate.
Pick Rate
Approvals leading to origination60.07%
The First National Bank Of Fort Smith has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 95 | $13,865,000 | $145,947 |
| NA | 486 | $301,070,000 | $619,486 |