Farm Credit Services Of Western Arkansas Pca Mortgage Rates, Fees & Info

Russellville, AR

LEI: 549300FQD0RJERL83Q30

Tax ID: 71-0697352

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Little Rock, Fort Smith, Malvern, Russellville, and Fayetteville 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.

    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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    Originations

    15

    Origination Dollar Volume (All Markets)

    $775,000

    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
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $280,000 $140,000 $2,109 4.16%
    FORT SMITH, AR-OK (FHA|USDA|VA) 6 $190,000 $31,667 $918 4.27%
    Outside of Metro Areas 3 $145,000 $48,333 $767 4.23%
    Malvern, AR (FHA|USDA|VA) 1 $65,000 $65,000 $1,200 4.45%
    Russellville, AR (FHA|USDA|VA) 1 $35,000 $35,000 $880 4.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $35,000 $35,000 $550 4.45%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $25,000 $25,000 $550 4.50%
    Farm Credit Services Of Western Arkansas Pca's top markets include Little Rock, Fort Smith, Malvern, Russellville, and Fayetteville among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 15 $775,000 $51,667 $1,014 4.30%

    For 2021, Farm Credit Services Of Western Arkansas Pca's most frequently originated type of loan was Conventional, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7 $445,000 $63,571 $1,165 4.31%
    Home Improvement 5 $215,000 $43,000 $800 4.57%
    Other 3 $115,000 $38,333 $1,017 3.84%

    For 2021, Farm Credit Services Of Western Arkansas Pca's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Home Improvement, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 11 $615,000 $55,909 $1,004 4.11%
    10 Year 3 $145,000 $48,333 $1,167 5.12%
    5 Year 1 $15,000 $15,000 $660 3.93%

    For 2021, Farm Credit Services Of Western Arkansas Pca's most frequently cited loan duration was Other, with 11 originations. The 2nd most popular length was 10 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 10 $310,000 $31,000
    $1k-2k 4 $290,000 $72,500
    $2k-3k 1 $175,000 $175,000

    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 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 10 $470,000 $47,000
    3-4% 3 $225,000 $75,000
    <2.5% 1 $15,000 $15,000
    5-6% 1 $65,000 $65,000

    During 2021, 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 4-5%, with 10 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 13 $495,000 $38,077 $845 4.32%
    $100k-200k 2 $280,000 $140,000 $2,109 4.16%

    2021 saw Farm Credit Services Of Western Arkansas Pca place emphasis on $100,000 or less loans with 13 originations, totaling $495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 5 $305,000 $61,000 $1,273 3.83%
    $75k-100k 5 $275,000 $55,000 $902 4.38%
    $100k-150k 3 $135,000 $45,000 $1,077 4.88%
    $50k or less 2 $60,000 $30,000 $550 4.38%

    Farm Credit Services Of Western Arkansas Pca lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $75k-100k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5 $145,000 $29,000 $786 4.09%
    30-36% 2 $240,000 $120,000 $1,609 3.83%
    >60% 2 $170,000 $85,000 $1,375 4.65%
    46% 1 $15,000 $15,000 $660 3.93%
    38% 1 $35,000 $35,000 $550 4.45%
    36% 1 $25,000 $25,000 $550 4.50%
    42% 1 $65,000 $65,000 $1,800 5.70%

    Farm Credit Services Of Western Arkansas Pca lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? 30-36%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 12 $610,000 $50,833 $921 4.12%
    American Indian 2 $100,000 $50,000 $1,175 4.70%
    Not provided 1 $65,000 $65,000 $1,800 5.70%

    Approval Rates

    Total approvals of all applications
    100.00%

    Farm Credit Services Of Western Arkansas Pca has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    80.00%

    Farm Credit Services Of Western Arkansas Pca has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 15 $775,000 $51,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    15 $775,000 $51,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 1 $65,000 $65,000 $550 4.19%
    60-80% 4 $270,000 $67,500 $1,275 4.75%
    80-100% 8 $360,000 $45,000 $976 4.04%
    Under 20% 2 $80,000 $40,000 $875 4.48%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Franklin Credit Management Corporation Conventional home mortgage Struggling to pay mortgage 6 54.5%
    Franklin Credit Management Corporation Conventional home mortgage Trouble during payment process 3 27.3%
    Franklin Credit Management Corporation Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 9.1%
    Franklin Credit Management Corporation Other type of mortgage Struggling to pay mortgage 1 9.1%