Farm Credit Services Of Western Arkansas Pca Mortgage Rates, Fees & Info
Russellville, ARLEI: 549300FQD0RJERL83Q30
Tax ID: 71-0697352
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Mortgage Data
Review & Overview
Farm Credit Services Of Western Arkansas Pca is a smaller mortgage company specializing in Home Purchase and Home Improvement loans. Farm Credit Services Of Western Arkansas Pca has a high proportion of conventional loans. Their top markets by origination volume include: Texarkana, Fort Smith, and Little Rock among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Farm Credit Services Of Western Arkansas Pca has an 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
8Origination Dollar Volume (All Markets)
$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 | 4 | $170,000 | $42,500 | $1,677 | 8.05% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,900 | 7.85% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,150 | 7.65% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $675 | 8.85% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $390,000 | $48,750 | $1,522 | 8.05% |
For 2023, Farm Credit Services Of Western Arkansas Pca's most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 6 | $280,000 | $46,667 | $1,280 | 8.20% |
| Home Improvement | 1 | $85,000 | $85,000 | $2,975 | 8.00% |
| Refi | 1 | $25,000 | $25,000 | $0 | 7.16% |
For 2023, Farm Credit Services Of Western Arkansas Pca's most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Home Improvement, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 4 | $250,000 | $62,500 | $1,645 | 8.47% |
| Other | 3 | $115,000 | $38,333 | $1,358 | 7.78% |
| 5 Year | 1 | $25,000 | $25,000 | $0 | 7.16% |
For 2023, Farm Credit Services Of Western Arkansas Pca's most frequently cited loan duration was 10 Year, with 4 originations. The 2nd most popular length was Other, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 4 | $140,000 | $35,000 |
| $1k-2k | 2 | $140,000 | $70,000 |
| $2k-3k | 1 | $85,000 | $85,000 |
Farm Credit Services Of Western Arkansas Pca's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 4 | $190,000 | $47,500 |
| 7-8% | 3 | $145,000 | $48,333 |
| 6-7% | 1 | $55,000 | $55,000 |
During 2023, Farm Credit Services Of Western Arkansas Pca's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 7 | $285,000 | $40,714 | $1,517 | 7.93% |
| $100k-200k | 1 | $105,000 | $105,000 | $1,550 | 8.85% |
2023 saw Farm Credit Services Of Western Arkansas Pca place emphasis on $100,000 or less loans with 7 originations, totaling $285,000 in origination value.
Applicant Income
Farm Credit Services Of Western Arkansas Pca lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $75k-100k, with 3 originations.
Applicant Debt to Income Ratio
Farm Credit Services Of Western Arkansas Pca lent most frequently to those with DTI ratios of 30-36%, with 3 originations. The next most common DTI ratio? 36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 7 | $355,000 | $50,714 | $1,584 | 8.10% |
| Asian | 1 | $35,000 | $35,000 | $1,150 | 7.65% |
Approval Rates
Total approvals of all applications81.82%
Farm Credit Services Of Western Arkansas Pca has a below average approval rate.
Pick Rate
Approvals leading to origination87.50%
Farm Credit Services Of Western Arkansas Pca has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8 | $390,000 | $48,750 |