Farm Credit Services Of Western Arkansas Aca Mortgage Rates, Fees & Info
Russellville, ARLEI: 549300LAQ3M8E5I08F43
Tax ID: 71-0697350
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Mortgage Data
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, Fort Smith, Russellville, Texarkana, and Little Rock among others. We have data for 14 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.21% | 11/17/24 |
| 30 Year Conventional Refi | 7.25% | 11/17/24 |
| 15 Year Conventional Purchase | 6.95% | 11/17/24 |
| 15 Year Conventional Refi | 7.03% | 11/17/24 |
| 15 Year Cash-out Refi | 7.03% | 11/17/24 |
| 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. | ||
Farm Credit Services Of Western Arkansas Aca Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
194Origination Dollar Volume (All Markets)
$34,890,000Top 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) | 43 | $9,195,000 | $213,837 | $4,576 | 4.92% |
| Outside of Metro Areas | 55 | $8,545,000 | $155,364 | $3,956 | 4.72% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 38 | $7,000,000 | $184,211 | $3,624 | 4.93% |
| Russellville, AR (FHA|USDA|VA) | 11 | $2,865,000 | $260,455 | $5,635 | 4.78% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 15 | $2,055,000 | $137,000 | $3,374 | 5.21% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 10 | $2,030,000 | $203,000 | $4,084 | 4.76% |
| Harrison, AR (FHA|USDA|VA) | 6 | $1,030,000 | $171,667 | $2,529 | 5.18% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,342 | 4.92% |
| Malvern, AR (FHA|USDA|VA) | 5 | $475,000 | $95,000 | $3,319 | 5.24% |
| Magnolia, AR (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,002 | 4.57% |
| Camden, AR (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,301 | 4.48% |
| El Dorado, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,689 | 5.15% |
| Hope, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,406 | 4.05% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,001 | 5.40% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 194 | $34,890,000 | $179,845 | $4,006 | 4.88% |
For 2019, Farm Credit Services Of Western Arkansas Aca's most frequently originated type of loan was Conventional, with 194 originations.
Loan Reason
For 2019, Farm Credit Services Of Western Arkansas Aca's most frequently cited loan purpose was Home Purchase, with 125 originations. The 2nd most popular reason was Refi, with 61 originations.
Loan Duration/Length
For 2019, Farm Credit Services Of Western Arkansas Aca's most frequently cited loan duration was 30 Year, with 88 originations. The 2nd most popular length was Other, with 32 originations.
Origination Fees/Closing Costs
Farm Credit Services Of Western Arkansas Aca's average total fees were $4,175, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 72 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 116 | $21,270,000 | $183,362 |
| 5-6% | 66 | $11,940,000 | $180,909 |
| 6-7% | 7 | $975,000 | $139,286 |
| 3-4% | 5 | $705,000 | $141,000 |
During 2019, Farm Credit Services Of Western Arkansas Aca's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 4-5%, with 116 originations.
Loan Sizing
2019 saw Farm Credit Services Of Western Arkansas Aca place emphasis on $100k-200k loans with 88 originations, totaling $13,370,000 in origination value.
Applicant Income
Farm Credit Services Of Western Arkansas Aca lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $75k-100k, with 43 originations.
Applicant Debt to Income Ratio
Farm Credit Services Of Western Arkansas Aca lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? 30-36%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.77%
Farm Credit Services Of Western Arkansas Aca has a below average approval rate.
Pick Rate
Approvals leading to origination85.57%
Farm Credit Services Of Western Arkansas Aca has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 194 | $34,890,000 | $179,845 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 7 | $325,000 | $46,429 |
| Single Family (1-4 Units):Site-Built | 187 | $34,565,000 | $184,840 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Franklin Credit Management Corporation | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| Franklin Credit Management Corporation | Conventional home mortgage | Trouble during payment process | 2 | 14.3% |
| Franklin Credit Management Corporation | FHA mortgage | Struggling to pay mortgage | 2 | 14.3% |
| Franklin Credit Management Corporation | Other type of mortgage | Struggling to pay mortgage | 5 | 35.7% |
| Franklin Credit Management Corporation | Other type of mortgage | Trouble during payment process | 2 | 14.3% |