Farm Credit Services Of Western Arkansas Pca Mortgage Rates, Fees & Info
Russellville, ARLEI: 549300FQD0RJERL83Q30
Tax ID: 71-0697352
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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: Fayetteville, Little Rock, Fort Smith, Camden, 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 an above average pick rate when compared to similar lenders.
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Originations
22Origination Dollar Volume (All Markets)
$1,500,000Top 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 |
|---|---|---|---|---|---|
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $1,750 | 5.77% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $1,072 | 5.99% |
| Outside of Metro Areas | 5 | $155,000 | $31,000 | $893 | 5.87% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $733 | 6.43% |
| Camden, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $550 | 6.45% |
| Russellville, AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,045 | 7.22% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $550 | 6.10% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $1,500,000 | $68,182 | $1,165 | 6.03% |
For 2022, Farm Credit Services Of Western Arkansas Pca's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 11 | $655,000 | $59,545 | $1,292 | 6.00% |
| Home Improvement | 7 | $685,000 | $97,857 | $1,106 | 5.64% |
| Other | 4 | $160,000 | $40,000 | $833 | 6.81% |
For 2022, Farm Credit Services Of Western Arkansas Pca's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
For 2022, Farm Credit Services Of Western Arkansas Pca's most frequently cited loan duration was Other, with 15 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 | 11 | $455,000 | $41,364 |
| $1k-2k | 10 | $1,010,000 | $101,000 |
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 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 6 | $730,000 | $121,667 |
| 6-7% | 5 | $155,000 | $31,000 |
| 5-6% | 4 | $230,000 | $57,500 |
| 7-8% | 4 | $170,000 | $42,500 |
| Over 8% | 2 | $120,000 | $60,000 |
| 3-4% | 1 | $95,000 | $95,000 |
During 2022, 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 6 originations.
Loan Sizing
2022 saw Farm Credit Services Of Western Arkansas Pca place emphasis on $100,000 or less loans with 19 originations, totaling $875,000 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 8 originations. The second most popular income band? $150k-250k, with 6 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 9 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $1,500,000 | $68,182 | $1,165 | 6.03% |
Approval Rates
Total approvals of all applications92.00%
Farm Credit Services Of Western Arkansas Pca has an average approval rate.
Pick Rate
Approvals leading to origination95.45%
Farm Credit Services Of Western Arkansas Pca 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 | 22 | $1,500,000 | $68,182 |