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

Russellville, AR

LEI: 549300LAQ3M8E5I08F43

Tax ID: 71-0697350

1.5 stars - out of 5 stars, based on 13 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Farm Credit Services Of Western Arkansas Aca is a smaller mortgage company specializing in Home Purchase and Refi loans. Farm Credit Services Of Western Arkansas Aca has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Little Rock, Fort Smith, Texarkana, and Russellville among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farm Credit Services Of Western Arkansas Aca 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. Farm Credit Services Of Western Arkansas Aca is typically an average 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 relatively high 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.90% 12/4/22
    30 Year Conventional Refi 7.93% 12/4/22
    15 Year Conventional Purchase 7.62% 12/4/22
    15 Year Conventional Refi 7.32% 12/4/22
    15 Year Cash-out Refi 7.32% 12/4/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    173

    Origination Dollar Volume (All Markets)

    $38,125,000

    Relative Rate

    Farm Credit Services Of Western Arkansas Aca's average 30 year fixed mortgage rate was 4.21%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 1.06%.

    Relative Fees (Closing Costs)

    Farm Credit Services Of Western Arkansas Aca's average total fees/closing costs for a 30 year fixed rate mortgage were $5,050.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 34 $11,560,000 $340,000 $6,539 4.07%
    Outside of Metro Areas 44 $8,150,000 $185,227 $4,156 4.01%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 17 $4,695,000 $276,176 $5,868 4.07%
    FORT SMITH, AR-OK (FHA|USDA|VA) 17 $3,465,000 $203,824 $5,069 4.11%
    TEXARKANA, TX-AR (FHA|USDA|VA) 16 $2,680,000 $167,500 $4,514 3.96%
    Russellville, AR (FHA|USDA|VA) 10 $1,920,000 $192,000 $4,193 4.13%
    HOT SPRINGS, AR (FHA|USDA|VA) 6 $1,580,000 $263,333 $5,780 4.09%
    Malvern, AR (FHA|USDA|VA) 8 $1,140,000 $142,500 $4,056 3.99%
    Hope, AR (FHA|USDA|VA) 8 $870,000 $108,750 $2,809 4.04%
    Arkadelphia, AR (FHA|USDA|VA) 4 $820,000 $205,000 $5,410 4.19%
    Camden, AR (FHA|USDA|VA) 4 $530,000 $132,500 $4,342 3.83%
    Magnolia, AR (FHA|USDA|VA) 2 $360,000 $180,000 $3,484 4.08%
    Mountain Home, AR (FHA|USDA|VA) 1 $135,000 $135,000 $2,867 3.78%
    Harrison, AR (FHA|USDA|VA) 1 $115,000 $115,000 $2,435 4.40%
    JONESBORO, AR (FHA|USDA|VA) 1 $105,000 $105,000 $1,802 4.30%
    Farm Credit Services Of Western Arkansas Aca's top markets include Fayetteville, Little Rock, Fort Smith, Texarkana, and Russellville among others.

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

    We use machine learning to identify the top lenders compared against Farm Credit Services of Western Arkansas ACA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    State Bank of De Kalb
    Similarity Rank: 285
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 561
    Truity Federal Credit Union
    Similarity Rank: 728
    The Farmers & Merchants Bank
    Similarity Rank: 784
    RED RIVER EMPLOYEES
    Similarity Rank: 1100
    Farmers Bank & Trust Company
    Similarity Rank: 1178
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 1230
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 1392
    Generations Bank
    Similarity Rank: 1947

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 173 $38,125,000 $220,376 $4,906 4.04%

    For 2021, Farm Credit Services Of Western Arkansas Aca's most frequently originated type of loan was Conventional, with 173 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 119 $28,925,000 $243,067 $5,502 4.07%
    Refi 47 $8,415,000 $179,043 $3,710 3.98%
    Home Improvement 5 $475,000 $95,000 $2,647 3.90%
    Other 2 $310,000 $155,000 $3,467 4.29%

    For 2021, Farm Credit Services Of Western Arkansas Aca's most frequently cited loan purpose was Home Purchase, with 119 originations. The 2nd most popular reason was Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 76 $18,640,000 $245,263 $5,050 4.21%
    Other 40 $9,910,000 $247,750 $5,741 4.02%
    20 Year 20 $3,320,000 $166,000 $3,538 3.80%
    30+ year 16 $4,410,000 $275,625 $6,472 4.11%
    15 Year 13 $1,275,000 $98,077 $2,868 3.66%
    10 Year 8 $570,000 $71,250 $2,687 3.69%

    For 2021, Farm Credit Services Of Western Arkansas Aca's most frequently cited loan duration was 30 Year, with 76 originations. The 2nd most popular length was Other, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 51 $5,935,000 $116,373
    $2k-3k 34 $5,720,000 $168,235
    $5k+ 32 $13,890,000 $434,063
    $4k-5k 25 $6,645,000 $265,800
    $3k-4k 17 $4,265,000 $250,882
    $<1k 13 $1,635,000 $125,769

    Farm Credit Services Of Western Arkansas Aca's average total fees were $5,050, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 51 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 87 $19,675,000 $226,149
    3-4% 85 $18,325,000 $215,588
    5-6% 1 $125,000 $125,000

    During 2021, Farm Credit Services Of Western Arkansas Aca's average interest rate for loans was 4.21%, while their most frequently originated rate bucket for loans was 4-5%, with 87 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 67 $18,405,000 $274,701 $5,892 4.10%
    $100k-200k 54 $7,800,000 $144,444 $3,511 4.12%
    $100,000 or less 36 $2,400,000 $66,667 $2,874 3.82%
    $400k-600k 11 $5,345,000 $485,909 $8,689 4.00%
    $600k-1MM 4 $2,780,000 $695,000 $11,279 4.24%
    $1MM+ 1 $1,395,000 $1,395,000 $18,137 4.00%

    2021 saw Farm Credit Services Of Western Arkansas Aca place emphasis on $200k-400k loans with 67 originations, totaling $18,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 54 $12,750,000 $236,111 $5,149 4.04%
    $75k-100k 40 $6,410,000 $160,250 $4,115 4.04%
    $150k-250k 29 $9,125,000 $314,655 $6,234 4.05%
    $50k-75k 20 $2,970,000 $148,500 $4,211 4.15%
    $250k+ 14 $4,510,000 $322,143 $5,759 3.96%
    $50k or less 14 $1,260,000 $90,000 $2,987 4.00%

    Farm Credit Services Of Western Arkansas Aca lent most frequently to those with incomes in the $100k-150k range, with 54 originations. The second most popular income band? $75k-100k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 52 $12,670,000 $243,654 $5,291 4.13%
    20-30% 49 $10,045,000 $205,000 $4,843 4.02%
    <20% 33 $4,785,000 $145,000 $3,770 3.93%
    36% 9 $2,695,000 $299,444 $5,775 4.02%
    40% 6 $1,220,000 $203,333 $4,270 3.98%
    37% 6 $1,100,000 $183,333 $4,710 4.06%
    39% 3 $735,000 $245,000 $5,640 4.28%
    50-60% 3 $1,245,000 $415,000 $7,448 4.05%
    41% 2 $550,000 $275,000 $6,182 4.38%
    38% 2 $170,000 $85,000 $2,276 3.84%
    43% 2 $990,000 $495,000 $8,419 4.23%
    44% 1 $245,000 $245,000 $2,158 3.85%
    45% 1 $265,000 $265,000 $5,669 4.58%
    46% 1 $215,000 $215,000 $5,615 4.55%
    42% 1 $245,000 $245,000 $5,663 3.75%
    >60% 1 $485,000 $485,000 $5,445 3.84%

    Farm Credit Services Of Western Arkansas Aca lent most frequently to those with DTI ratios of 30-36%, with 52 originations. The next most common DTI ratio? 20-30%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 162 $34,650,000 $213,889 $4,846 4.04%
    Not provided 5 $1,665,000 $333,000 $6,413 4.34%
    American Indian 3 $905,000 $301,667 $5,413 3.98%
    Asian 1 $485,000 $485,000 $5,445 3.84%
    Korean 1 $255,000 $255,000 $6,625 4.05%
    Black 1 $165,000 $165,000 $3,736 4.15%

    Approval Rates

    Total approvals of all applications
    85.67%

    Farm Credit Services Of Western Arkansas Aca has an average approval rate.

    Pick Rate

    Approvals leading to origination
    58.38%

    Farm Credit Services Of Western Arkansas Aca 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 173 $38,125,000 $220,376

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    173 $38,125,000 $220,376

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,110,000 $111,000 $3,734 3.93%
    40-60% 25 $4,065,000 $162,600 $3,641 3.95%
    60-80% 89 $20,925,000 $235,112 $5,064 4.03%
    80-100% 47 $11,905,000 $253,298 $5,593 4.14%
    Under 20% 2 $120,000 $60,000 $2,751 3.95%

    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%