The Carroll Mortgage Group Rates, Fees & Info

LITTLE ROCK, AR

LEI: 549300GJJ0PPDHQ8ZB37

Tax ID: 71-0785915

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    The Carroll Mortgage Group is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. The Carroll Mortgage Group has an average proportion of conventional loans. Their top markets by origination volume include: Little Rock, Hot Springs, Searcy, Pine Bluff, and Fayetteville among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Carroll Mortgage Group 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 Carroll Mortgage Group 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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    Originations

    177

    Origination Dollar Volume (All Markets)

    $27,075,000

    Awards

    THE CARROLL MORTGAGE GROUP FHA Loans bronze THE CARROLL MORTGAGE GROUP USDA Loans silver
    Show all (2) awards

    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) 139 $20,915,000 $150,468 $4,370 4.78%
    Outside of Metro Areas 9 $1,505,000 $167,222 $6,926 4.63%
    HOT SPRINGS, AR (FHA|USDA|VA) 6 $1,320,000 $220,000 $4,948 4.83%
    Searcy, AR (FHA|USDA|VA) 9 $1,125,000 $125,000 $2,733 5.00%
    PINE BLUFF, AR (FHA|USDA|VA) 4 $1,070,000 $267,500 $8,497 4.53%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $390,000 $195,000 $6,470 5.06%
    Malvern, AR (FHA|USDA|VA) 2 $210,000 $105,000 $1,696 5.00%
    Arkadelphia, AR (FHA|USDA|VA) 1 $135,000 $135,000 $4,139 5.00%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $135,000 $135,000 $2,456 4.00%
    Russellville, AR (FHA|USDA|VA) 1 $95,000 $95,000 $3,275 5.25%
    Mountain Home, AR (FHA|USDA|VA) 1 $65,000 $65,000 $2,766 3.99%
    Harrison, AR (FHA|USDA|VA) 1 $55,000 $55,000 $2,099 5.00%
    Forrest City, AR (FHA|USDA|VA) 1 $55,000 $55,000 $3,217 4.50%
    The Carroll Mortgage Group's top markets include Little Rock, Hot Springs, Searcy, Pine Bluff, and Fayetteville among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against THE CARROLL MORTGAGE GROUP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ONE BANK & TRUST, NATIONAL ASS
    Similarity Rank: 189
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 448
    ARKANSAS Federal Credit Union
    Similarity Rank: 611
    First Arkansas Bank and Trust
    Similarity Rank: 781
    First Security Bank
    Similarity Rank: 1050
    Farmers Bank & Trust Company
    Similarity Rank: 1053
    First Financial Bank
    Similarity Rank: 1950
    THE CARROLL MORTGAGE GROUP, INC.
    Similarity Rank: 2041
    Bank OZK
    Similarity Rank: 2700
    BancorpSouth
    Similarity Rank: 2928

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 80 $11,980,000 $149,750 $5,298 4.71%
    Conventional 42 $5,710,000 $135,952 $2,846 4.95%
    VA 30 $6,290,000 $209,667 $5,585 4.64%
    USDA 25 $3,095,000 $123,800 $3,256 4.89%

    For 2018, The Carroll Mortgage Group's most frequently originated type of loan was FHA, with 80 originations. Their 2nd most popular type was Conventional, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 156 $23,260,000 $149,103 $4,310 4.77%
    Cash Out Refi 9 $1,815,000 $201,667 $6,863 4.93%
    Refi 8 $1,590,000 $198,750 $5,332 4.59%
    Other 4 $410,000 $102,500 $3,901 5.28%

    For 2018, The Carroll Mortgage Group's most frequently cited loan purpose was Home Purchase, with 156 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 173 $26,735,000 $154,538 $4,511 4.79%
    15 Year 3 $245,000 $81,667 $3,390 4.33%
    Other 1 $95,000 $95,000 $1,689 5.13%

    For 2018, The Carroll Mortgage Group's most frequently cited loan duration was 30 Year, with 173 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 84 $12,120,000 $144,286
    $1k-2k 41 $4,125,000 $100,610
    $2k-3k 36 $6,410,000 $178,056
    $3k-4k 11 $2,825,000 $256,818
    $5k+ 3 $1,085,000 $361,667
    $4k-5k 2 $510,000 $255,000

    The Carroll Mortgage Group's average total fees were $4,511, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 84 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 102 $17,610,000 $172,647
    5-6% 58 $6,190,000 $106,724
    3-4% 17 $3,275,000 $192,647

    During 2018, The Carroll Mortgage Group's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 87 $12,255,000 $140,862 $3,737 4.73%
    $100,000 or less 48 $3,890,000 $81,042 $3,170 5.11%
    $200k-400k 41 $10,395,000 $253,537 $7,494 4.50%
    $400k-600k 1 $535,000 $535,000 $7,805 4.75%

    2018 saw The Carroll Mortgage Group place emphasis on $100k-200k loans with 87 originations, totaling $12,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 61 $8,855,000 $145,164 $4,575 4.81%
    $50k or less 51 $5,695,000 $111,667 $3,360 4.92%
    $75k-100k 32 $5,540,000 $173,125 $4,936 4.72%
    $100k-150k 24 $4,750,000 $197,917 $4,707 4.71%
    $150k-250k 9 $2,235,000 $248,333 $7,881 4.18%

    The Carroll Mortgage Group lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $50k or less, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 35 $5,395,000 $154,143 $4,336 4.81%
    20-30% 26 $3,570,000 $137,308 $4,402 4.77%
    50-60% 14 $2,380,000 $170,000 $6,418 4.81%
    <20% 11 $1,285,000 $116,818 $2,518 4.97%
    40% 10 $1,650,000 $165,000 $2,806 4.86%
    37% 10 $1,380,000 $138,000 $5,286 4.81%
    41% 10 $1,560,000 $156,000 $3,899 4.88%
    45% 9 $1,315,000 $146,111 $3,431 4.68%
    46% 9 $1,835,000 $203,889 $4,388 4.57%
    42% 9 $1,575,000 $175,000 $3,465 4.89%
    38% 7 $995,000 $142,143 $4,934 4.46%
    36% 6 $830,000 $138,333 $4,986 4.69%
    43% 5 $545,000 $109,000 $4,115 4.90%
    39% 5 $815,000 $163,000 $4,513 4.78%
    44% 4 $670,000 $167,500 $6,356 4.91%
    48% 4 $740,000 $185,000 $8,923 4.56%
    47% 2 $250,000 $125,000 $3,651 4.50%
    49% 1 $285,000 $285,000 $11,065 4.63%

    The Carroll Mortgage Group lent most frequently to those with DTI ratios of 30-36%, with 35 originations. The next most common DTI ratio? 20-30%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 131 $19,445,000 $148,435 $4,329 4.83%
    Black 42 $6,800,000 $161,905 $4,489 4.69%
    Not provided 2 $430,000 $215,000 $13,803 3.81%
    Asian 2 $400,000 $200,000 $4,565 4.68%

    Approval Rates

    Total approvals of all applications
    90.27%

    The Carroll Mortgage Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    50.85%

    The Carroll Mortgage Group 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
    NA 177 $27,075,000 $152,966

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $435,000 $87,000
    Single Family (1-4 Units):Site-Built 172 $26,640,000 $154,884

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 2 $250,000 $125,000 $1,736 4.13%
    60-80% 18 $2,510,000 $139,444 $3,956 5.01%
    80-100% 150 $22,740,000 $151,600 $4,361 4.77%
    Over 100% 7 $1,575,000 $225,000 $9,068 4.70%