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 Improvement, Home Purchase, and Refi loans. Farm Credit Services Of Western Arkansas Pca has a high proportion of conventional loans. Their top markets by origination volume include: Magnolia, Texarkana, Fayetteville, Fort Smith, and Russellville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Farm Credit Services Of Western Arkansas Pca 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.
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Originations
11Origination Dollar Volume (All Markets)
$515,000Top 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 | 3 | $135,000 | $45,000 | $1,492 | 7.82% |
| Magnolia, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,060 | 8.10% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $1,076 | 7.33% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,600 | 8.25% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,150 | 7.95% |
| Russellville, AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.45% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,250 | 8.70% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 11 | $515,000 | $46,818 | $1,276 | 7.90% |
For 2024, Farm Credit Services Of Western Arkansas Pca's most frequently originated type of loan was Conventional, with 11 originations.
Loan Reason
For 2024, Farm Credit Services Of Western Arkansas Pca's most frequently cited loan purpose was Home Improvement, with 5 originations. The 2nd most popular reason was Home Purchase, with 4 originations.
Loan Duration/Length
For 2024, Farm Credit Services Of Western Arkansas Pca's most frequently cited loan duration was Other, with 5 originations. The 2nd most popular length was 10 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 6 | $230,000 | $38,333 |
| $1k-2k | 4 | $250,000 | $62,500 |
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 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 7 | $365,000 | $52,143 |
| 7-8% | 3 | $125,000 | $41,667 |
| 5-6% | 1 | $25,000 | $25,000 |
During 2024, 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 7 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 10 | $410,000 | $41,000 | $1,300 | 7.88% |
| $100k-200k | 1 | $105,000 | $105,000 | $1,060 | 8.10% |
2024 saw Farm Credit Services Of Western Arkansas Pca place emphasis on $100,000 or less loans with 10 originations, totaling $410,000 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 4 originations. The second most popular income band? $250k+, with 2 originations.
Applicant Debt to Income Ratio
Farm Credit Services Of Western Arkansas Pca lent most frequently to those with DTI ratios of 20-30%, with 4 originations. The next most common DTI ratio? <20%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 10 | $480,000 | $48,000 | $1,338 | 7.97% |
| American Indian | 1 | $35,000 | $35,000 | $725 | 7.20% |
Approval Rates
Total approvals of all applications92.86%
Farm Credit Services Of Western Arkansas Pca has an average approval rate.
Pick Rate
Approvals leading to origination81.82%
Farm Credit Services Of Western Arkansas Pca has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 11 | $515,000 | $46,818 |