Premier Bank Of Arkansas Mortgage Rates, Fees & Info
Marion, ARLEI: 549300NPHJJV4PURQK31
Tax ID: 71-0810705
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Mortgage Data
Review & Overview
Premier Bank Of Arkansas is a smaller bank specializing in Home Purchase loans. Premier Bank Of Arkansas has a high proportion of conventional loans. Their top (well, only) market is Memphis.Premier Bank Of Arkansas has an above average approval rate when compared to the average across all lenders.
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Originations
2Origination Dollar Volume (All Markets)
$350,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 1 | $305,000 | $305,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2 | $350,000 | $175,000 | $0 | 0.00% |
For 2023, Premier Bank Of Arkansas's most frequently originated type of loan was Conventional, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Other | 1 | $45,000 | $45,000 | $0 | 0.00% |
For 2023, Premier Bank Of Arkansas's most frequently cited loan purpose was Home Purchase, with 1 originations. The 2nd most popular reason was Other, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 2 | $350,000 | $175,000 | $0 | 0.00% |
For 2023, Premier Bank Of Arkansas's most frequently cited loan duration was Other, with 2 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 1 | $45,000 | $45,000 | $0 | 0.00% |
| $200k-400k | 1 | $305,000 | $305,000 | $0 | 0.00% |
2023 saw Premier Bank Of Arkansas place emphasis on $100,000 or less loans with 1 originations, totaling $45,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1 | $45,000 | $45,000 | $0 | 0.00% |
Premier Bank Of Arkansas lent most frequently to those with incomes in the $100k-150k range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 2 | $350,000 | $175,000 | $0 | 0.00% |
Premier Bank Of Arkansas lent most frequently to those with DTI ratios of Exempt%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 1 | $305,000 | $305,000 | $0 | 0.00% |
| White | 1 | $45,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Premier Bank Of Arkansas has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 2 | $350,000 | $175,000 |