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

Russellville, AR

LEI: 549300LAQ3M8E5I08F43

Tax ID: 71-0697350

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

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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, Little Rock, Russellville, and Texarkana 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 above average approval rate when compared to the average across all lenders. They have an above 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.

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 7.21% 3/27/24
30 Year Conventional Refi 7.25% 3/27/24
15 Year Conventional Purchase 6.95% 3/27/24
15 Year Conventional Refi 7.03% 3/27/24
15 Year Cash-out Refi 7.03% 3/27/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Farm Credit Services Of Western Arkansas Aca. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

325

Origination Dollar Volume (All Markets)

$65,185,000

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
Outside of Metro Areas 108 $19,150,000 $177,315 $4,062 4.08%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 44 $11,300,000 $256,818 $4,736 4.12%
FORT SMITH, AR-OK (FHA|USDA|VA) 33 $7,255,000 $219,848 $4,313 4.01%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 31 $6,515,000 $210,161 $4,690 4.20%
Russellville, AR (FHA|USDA|VA) 31 $5,485,000 $176,935 $3,653 4.18%
TEXARKANA, TX-AR (FHA|USDA|VA) 26 $5,020,000 $193,077 $4,800 4.45%
Harrison, AR (FHA|USDA|VA) 9 $2,075,000 $230,556 $3,899 3.96%
Hope, AR (FHA|USDA|VA) 12 $1,870,000 $155,833 $3,568 4.11%
Malvern, AR (FHA|USDA|VA) 8 $1,570,000 $196,250 $4,495 4.39%
HOT SPRINGS, AR (FHA|USDA|VA) 6 $1,240,000 $206,667 $3,401 4.29%
Mountain Home, AR (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $8,789 3.65%
Arkadelphia, AR (FHA|USDA|VA) 6 $930,000 $155,000 $3,595 3.93%
Magnolia, AR (FHA|USDA|VA) 5 $825,000 $165,000 $3,421 4.07%
Camden, AR (FHA|USDA|VA) 3 $595,000 $198,333 $4,975 3.85%
El Dorado, AR (FHA|USDA|VA) 2 $220,000 $110,000 $4,044 4.18%
Farm Credit Services Of Western Arkansas Aca's top markets include Fayetteville, Fort Smith, Little Rock, Russellville, and Texarkana among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 325 $65,185,000 $200,569 $4,237 4.13%

    For 2020, Farm Credit Services Of Western Arkansas Aca's most frequently originated type of loan was Conventional, with 325 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 178 $40,170,000 $225,674 $5,039 4.14%
    Refi 125 $22,045,000 $176,360 $3,290 4.10%
    Home Improvement 12 $1,050,000 $87,500 $2,759 4.27%
    Other 10 $1,920,000 $192,000 $3,457 4.23%

    For 2020, Farm Credit Services Of Western Arkansas Aca's most frequently cited loan purpose was Home Purchase, with 178 originations. The 2nd most popular reason was Refi, with 125 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 120 $26,100,000 $217,500 $4,206 4.27%
    Other 89 $18,405,000 $206,798 $5,040 4.14%
    20 Year 42 $6,870,000 $163,571 $3,337 4.01%
    15 Year 40 $6,960,000 $174,000 $3,087 3.94%
    30+ year 20 $5,820,000 $291,000 $6,190 4.21%
    10 Year 14 $1,030,000 $73,571 $2,639 3.75%

    For 2020, Farm Credit Services Of Western Arkansas Aca's most frequently cited loan duration was 30 Year, with 120 originations. The 2nd most popular length was Other, with 89 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 99 $13,785,000 $139,242
    $2k-3k 81 $14,275,000 $176,235
    $3k-4k 47 $10,735,000 $228,404
    $4k-5k 40 $10,410,000 $260,250
    $5k+ 32 $12,420,000 $388,125
    $<1k 25 $3,255,000 $130,200

    Farm Credit Services Of Western Arkansas Aca's average total fees were $4,206, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 99 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 185 $39,895,000 $215,649
    4-5% 130 $23,740,000 $182,615
    5-6% 8 $1,280,000 $160,000
    6-7% 2 $270,000 $135,000

    During 2020, Farm Credit Services Of Western Arkansas Aca's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 3-4%, with 185 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 128 $34,090,000 $266,328 $5,148 4.11%
    $100k-200k 124 $18,280,000 $147,419 $3,506 4.14%
    $100,000 or less 55 $3,805,000 $69,182 $2,728 4.21%
    $400k-600k 16 $7,120,000 $445,000 $6,957 4.01%
    $1MM+ 1 $1,135,000 $1,135,000 $8,789 3.65%
    $600k-1MM 1 $755,000 $755,000 $14,106 3.95%

    2020 saw Farm Credit Services Of Western Arkansas Aca place emphasis on $200k-400k loans with 128 originations, totaling $34,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 106 $24,260,000 $228,868 $4,699 4.12%
    $75k-100k 59 $9,635,000 $163,305 $3,917 4.16%
    $50k-75k 55 $8,395,000 $152,636 $3,992 4.21%
    $150k-250k 43 $10,705,000 $248,953 $4,473 4.11%
    $250k+ 30 $8,690,000 $289,667 $4,448 3.95%
    $50k or less 27 $2,435,000 $90,185 $3,108 4.22%

    Farm Credit Services Of Western Arkansas Aca lent most frequently to those with incomes in the $100k-150k range, with 106 originations. The second most popular income band? $75k-100k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 120 $23,340,000 $194,500 $4,258 4.15%
    30-36% 83 $17,055,000 $205,482 $4,167 4.17%
    <20% 60 $11,290,000 $188,167 $3,930 4.04%
    36% 12 $2,030,000 $169,167 $4,367 4.31%
    37% 11 $2,405,000 $218,636 $4,461 4.15%
    39% 9 $2,165,000 $240,556 $4,860 4.14%
    40% 6 $960,000 $160,000 $3,242 3.91%
    38% 5 $995,000 $199,000 $5,014 4.23%
    42% 4 $1,180,000 $295,000 $6,717 4.45%
    41% 3 $585,000 $195,000 $4,184 3.73%
    50-60% 2 $280,000 $140,000 $3,444 4.08%
    44% 1 $505,000 $505,000 $5,105 4.00%
    45% 1 $435,000 $435,000 $8,218 4.40%
    48% 1 $455,000 $455,000 $4,107 4.00%
    43% 1 $215,000 $215,000 $2,938 4.75%

    Farm Credit Services Of Western Arkansas Aca lent most frequently to those with DTI ratios of 20-30%, with 120 originations. The next most common DTI ratio? 30-36%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 293 $56,965,000 $194,420 $4,114 4.14%
    Not provided 20 $5,380,000 $269,000 $5,238 3.98%
    Black 4 $1,440,000 $360,000 $8,053 4.13%
    American Indian 5 $905,000 $181,000 $4,130 4.13%
    Not applicable 2 $360,000 $180,000 $4,546 4.28%
    Native Hawaiian or Islander 1 $135,000 $135,000 $4,549 3.95%

    Approval Rates

    Total approvals of all applications
    90.20%

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

    Pick Rate

    Approvals leading to origination
    90.15%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 325 $65,185,000 $200,569

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $290,000 $72,500
    Single Family (1-4 Units):Site-Built 321 $64,895,000 $202,165

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $1,785,000 $93,947 $2,945 4.19%
    40-60% 49 $7,545,000 $153,980 $3,596 4.07%
    60-80% 170 $37,010,000 $217,706 $4,341 4.14%
    80-100% 83 $18,425,000 $221,988 $4,776 4.14%
    Under 20% 4 $420,000 $105,000 $2,729 4.39%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Franklin Credit Management Corporation Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 12.5%
    Franklin Credit Management Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 12.5%
    Franklin Credit Management Corporation Conventional home mortgage Struggling to pay mortgage 6 75.0%