Generations Bank Mortgage Rates, Fees & Info

Rogers, AR

LEI: 549300QWJ3UDIX8KBP64

Tax ID: 71-0025780

5 stars - Updated: 4/5/25 - out of 5 stars, based on 19 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Generations Bank is a smaller bank specializing in Home Purchase loans. Generations Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Branson, Fort Smith, Camden, and Dallas among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Generations Bank 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. Generations Bank 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.87% 4/5/25
    30 Year Conventional Refi 6.95% 4/5/25
    30 Year Cash-out Refi 6.81% 4/5/25
    30 Year FHA Purchase 6.72% 4/5/25
    30 Year FHA Refi 6.72% 4/5/25
    30 Year USDA Purchase 6.90% 4/5/25
    15 Year Conventional Purchase 6.08% 4/5/25
    15 Year Conventional Refi 6.09% 4/5/25
    15 Year Cash-out Refi 6.09% 4/5/25
    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.

    Generations Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Generations Bank. 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

    344

    Origination Dollar Volume (All Markets)

    $108,930,000

    Awards

    Generations Bank 30 Year Conventional Loans silver Generations Bank 30 Year Conventional Loans silver Generations Bank 30 Year Conventional Loans silver Generations Bank 30 Year Conventional Loans silver
    Show all (4) awards

    Relative Rate

    Generations Bank's average 30 year fixed mortgage rate was 6.7%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.15%.

    Relative Fees (Closing Costs)

    Generations Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,433.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 201 $75,345,000 $374,851 $3,501 6.83%
    Outside of Metro Areas 38 $9,470,000 $249,211 $2,968 7.35%
    Branson, MO (FHA|USDA|VA) 42 $9,010,000 $214,524 $3,170 7.03%
    FORT SMITH, AR-OK (FHA|USDA|VA) 29 $4,985,000 $171,897 $2,068 8.50%
    Camden, AR (FHA|USDA|VA) 16 $2,350,000 $146,875 $2,054 8.97%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $1,745,000 $1,745,000 $19,601 9.00%
    FARGO, ND-MN (FHA|USDA|VA) 1 $765,000 $765,000 $3,970 6.88%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $765,000 $765,000 $6,367 7.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $595,000 $595,000 $4,816 6.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $575,000 $575,000 $5,715 6.63%
    Tahlequah, OK (FHA|USDA|VA) 1 $475,000 $475,000 $4,476 7.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $455,000 $455,000 $4,951 6.63%
    HOT SPRINGS, AR (FHA|USDA|VA) 2 $440,000 $220,000 $2,742 6.63%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $435,000 $435,000 $3,320 6.00%
    Harrison, AR (FHA|USDA|VA) 1 $345,000 $345,000 $4,462 7.00%
    Frankfort, KY (FHA|USDA|VA) 1 $325,000 $325,000 $3,399 7.50%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $210,000 $105,000 $2,442 6.38%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $195,000 $195,000 $6,143 5.88%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $195,000 $195,000 $3,152 6.75%
    El Dorado, AR (FHA|USDA|VA) 1 $135,000 $135,000 $1,018 10.25%
    MONROE, LA (FHA|USDA|VA) 1 $115,000 $115,000 $2,313 6.50%
    Generations Bank's top markets include Fayetteville, Branson, Fort Smith, Camden, and Dallas among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Generations Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Security Bank
    Similarity Rank: 240
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 272
    The Bank of Missouri
    Similarity Rank: 306
    Priority Bank
    Similarity Rank: 567
    Generations Bank
    Similarity Rank: 819
    ARKANSAS Federal Credit Union
    Similarity Rank: 1404
    Chambers Bank
    Similarity Rank: 1786
    BANK OF LITTLE ROCK MORTGAGE CORPORATION
    Similarity Rank: 1843
    Firstar Bank
    Similarity Rank: 2136
    Farm Credit Services of Western Arkansas, ACA
    Similarity Rank: 2184

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 344 $108,930,000 $316,657 $3,361 7.16%

    For 2024, Generations Bank's most frequently originated type of loan was Conventional, with 344 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 285 $94,595,000 $331,912 $3,492 6.97%
    Refi 31 $9,955,000 $321,129 $2,689 7.80%
    Cash Out Refi 12 $2,950,000 $245,833 $3,105 7.27%
    Other 10 $1,200,000 $120,000 $2,673 9.22%
    Home Improvement 6 $230,000 $38,333 $1,021 9.21%

    For 2024, Generations Bank's most frequently cited loan purpose was Home Purchase, with 285 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 218 $70,170,000 $321,881 $3,433 6.70%
    3 Year 40 $12,550,000 $313,750 $0 8.73%
    10 Year 33 $8,555,000 $259,242 $3,438 5.38%
    Other 32 $9,010,000 $281,563 $2,463 9.72%
    1 Year 8 $3,750,000 $468,750 $0 8.54%
    5 Year 7 $3,395,000 $485,000 $1,420 8.41%
    15 Year 5 $1,215,000 $243,000 $4,855 6.20%
    20 Year 1 $285,000 $285,000 $1,780 7.00%

    For 2024, Generations Bank's most frequently cited loan duration was 30 Year, with 218 originations. The 2nd most popular length was 3 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 197 $60,055,000 $304,848
    $1k-2k 40 $10,050,000 $251,250
    $3k-4k 15 $4,595,000 $306,333
    $2k-3k 12 $3,230,000 $269,167
    $5k+ 6 $4,010,000 $668,333
    $4k-5k 5 $2,075,000 $415,000

    Generations Bank's average total fees were $3,433, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 197 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 185 $58,235,000 $314,784
    Over 8% 75 $21,835,000 $291,133
    5-6% 39 $11,015,000 $282,436
    7-8% 37 $15,575,000 $420,946
    4-5% 8 $2,270,000 $283,750

    During 2024, Generations Bank's average interest rate for loans was 6.70%, while their most frequently originated rate bucket for loans was 6-7%, with 185 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 153 $43,295,000 $282,974 $3,526 6.66%
    $100k-200k 77 $11,735,000 $152,403 $2,842 7.44%
    $400k-600k 49 $23,525,000 $480,102 $3,732 7.04%
    $100,000 or less 36 $2,100,000 $58,333 $1,936 8.65%
    $600k-1MM 20 $14,340,000 $717,000 $3,989 6.94%
    $1MM+ 9 $13,935,000 $1,548,333 $9,672 8.38%

    2024 saw Generations Bank place emphasis on $200k-400k loans with 153 originations, totaling $43,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 64 $20,950,000 $327,344 $3,439 7.08%
    $100k-150k 63 $15,165,000 $240,714 $3,315 7.04%
    $250k+ 53 $27,275,000 $514,623 $4,064 6.96%
    $50k-75k 50 $9,170,000 $183,400 $3,062 6.77%
    $75k-100k 42 $10,420,000 $248,095 $3,198 7.03%
    $50k or less 23 $3,715,000 $161,522 $2,941 6.67%

    Generations Bank lent most frequently to those with incomes in the $150k-250k range, with 64 originations. The second most popular income band? $100k-150k, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 63 $15,355,000 $243,730 $3,155 7.01%
    30-36% 37 $12,525,000 $338,514 $3,631 6.72%
    <20% 27 $8,135,000 $301,296 $3,606 6.99%
    44% 16 $4,810,000 $300,625 $3,528 6.42%
    38% 16 $4,720,000 $295,000 $2,825 7.04%
    43% 15 $4,125,000 $275,000 $2,908 6.66%
    41% 13 $4,645,000 $357,308 $3,033 7.55%
    39% 13 $4,715,000 $362,692 $3,331 7.27%
    48% 10 $3,350,000 $335,000 $4,255 6.54%
    36% 10 $2,470,000 $247,000 $3,244 7.40%
    37% 10 $3,170,000 $317,000 $3,830 6.98%
    49% 10 $2,850,000 $285,000 $3,670 6.54%
    45% 9 $3,615,000 $401,667 $4,002 6.50%
    40% 9 $3,425,000 $380,556 $3,262 6.29%
    42% 8 $2,590,000 $323,750 $3,251 6.63%
    47% 7 $2,515,000 $359,286 $2,923 6.41%
    50-60% 6 $1,590,000 $265,000 $2,764 7.08%
    46% 5 $1,665,000 $333,000 $3,332 5.83%

    Generations Bank lent most frequently to those with DTI ratios of 20-30%, with 63 originations. The next most common DTI ratio? 30-36%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 246 $73,740,000 $299,756 $3,323 6.98%
    Not applicable 44 $20,460,000 $465,000 $0 8.58%
    Not provided 30 $7,960,000 $265,333 $3,334 6.68%
    Asian 15 $5,345,000 $356,333 $4,269 6.51%
    Black 6 $760,000 $126,667 $3,079 8.44%
    Native Hawaiian or Islander 1 $365,000 $365,000 $0 6.63%
    American Indian 2 $300,000 $150,000 $2,751 6.75%

    Approval Rates

    Total approvals of all applications
    89.84%

    Generations Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.30%

    Generations Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1509.82 1 $105,000 $105,000
    NA 343 $108,825,000 $317,274

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    344 $108,930,000 $316,657

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $6,225,000 $230,556 $2,939 7.42%
    40-60% 53 $15,345,000 $289,528 $3,200 7.22%
    60-80% 121 $45,475,000 $375,826 $3,399 7.34%
    80-100% 130 $40,890,000 $314,538 $3,614 6.69%
    Over 100% 1 $195,000 $195,000 $0 8.50%
    Under 20% 12 $800,000 $66,667 $1,503 9.51%