Premier Bank Of Arkansas Mortgage Rates, Fees & Info
Marion, ARLEI: 549300NPHJJV4PURQK31
Tax ID: 71-0810705
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Premier Bank Of Arkansas is a smaller bank specializing in Home Purchase and Refi loans. Premier Bank Of Arkansas has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Naples, Jonesboro, and Memphis among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Premier Bank Of Arkansas 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.
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Originations
22Origination Dollar Volume (All Markets)
$14,730,000Top 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) | 5 | $8,625,000 | $1,725,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $2,705,000 | $2,705,000 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 4 | $2,060,000 | $515,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 9 | $945,000 | $105,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $395,000 | $131,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $14,730,000 | $669,545 | $0 | 0.00% |
For 2022, Premier Bank Of Arkansas's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
For 2022, Premier Bank Of Arkansas's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 21 | $14,655,000 | $697,857 | $0 | 0.00% |
| 10 Year | 1 | $75,000 | $75,000 | $0 | 0.00% |
For 2022, Premier Bank Of Arkansas's most frequently cited loan duration was Other, with 21 originations. The 2nd most popular length was 10 Year, with 1 originations.
Loan Sizing
2022 saw Premier Bank Of Arkansas place emphasis on $100,000 or less loans with 8 originations, totaling $440,000 in origination value.
Applicant Income
Premier Bank Of Arkansas lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $150k-250k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 22 | $14,730,000 | $669,545 | $0 | 0.00% |
Premier Bank Of Arkansas lent most frequently to those with DTI ratios of Exempt%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.47%
Premier Bank Of Arkansas has a below average approval rate.
Pick Rate
Approvals leading to origination81.82%
Premier Bank Of Arkansas has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 22 | $14,730,000 | $669,545 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 80-100% | 1 | $1,055,000 | $1,055,000 | $0 | 0.00% |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PRIMARY RESIDENTIAL MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| PRIMARY RESIDENTIAL MORTGAGE | VA mortgage | Trouble during payment process | 1 | 50.0% |