Premier Bank Of Arkansas Mortgage Rates, Fees & Info

Marion, AR

LEI: 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

2

Origination Dollar Volume (All Markets)

$350,000

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 1 $305,000 $305,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Premier Bank Of Arkansas's top markets include and Memphis among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • 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 applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 2 $350,000 $175,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2 $350,000 $175,000