Generations Bank Mortgage Rates, Fees & Info
Rogers, ARLEI: 549300QWJ3UDIX8KBP64
Tax ID: 71-0025780
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Mortgage Data
Review & Overview
Generations Bank is a smaller bank specializing in Home Purchase and Refi loans. Generations Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Fort Smith, Camden, Little Rock, and Dallas among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Generations Bank has an above 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.48% | 12/3/24 |
| 30 Year Conventional Refi | 6.29% | 12/3/24 |
| 30 Year Cash-out Refi | 6.28% | 12/3/24 |
| 30 Year FHA Purchase | 6.78% | 12/3/24 |
| 30 Year VA Refi | 6.95% | 12/3/24 |
| 15 Year Conventional Purchase | 6.02% | 12/3/24 |
| 15 Year Conventional Refi | 5.72% | 12/3/24 |
| 15 Year Cash-out Refi | 5.72% | 12/3/24 |
| 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. | ||
Generations Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
392Origination Dollar Volume (All Markets)
$115,800,000Top 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) | 258 | $88,370,000 | $342,519 | $3,600 | 4.99% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 40 | $9,160,000 | $229,000 | $2,759 | 5.28% |
| Outside of Metro Areas | 25 | $6,105,000 | $244,200 | $4,463 | 5.39% |
| Camden, AR (FHA|USDA|VA) | 39 | $2,945,000 | $75,513 | $1,637 | 5.97% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 8 | $1,510,000 | $188,750 | $3,661 | 4.91% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $0 | 4.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $5,951 | 5.75% |
| El Dorado, AR (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $2,625 | 6.05% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $6,136 | 3.19% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $9,511 | 5.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $2,929 | 5.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,868 | 5.50% |
| Branson, MO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,689 | 3.63% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 6.25% |
| TULSA, OK (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,182 | 5.38% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,989 | 4.00% |
| Tahlequah, OK (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,831 | 4.81% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,782 | 3.38% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.50% |
| Miami, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,317 | 3.50% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 392 | $115,800,000 | $295,408 | $3,462 | 5.15% |
For 2022, Generations Bank's most frequently originated type of loan was Conventional, with 392 originations.
Loan Reason
For 2022, Generations Bank's most frequently cited loan purpose was Home Purchase, with 238 originations. The 2nd most popular reason was Refi, with 75 originations.
Loan Duration/Length
For 2022, Generations Bank's most frequently cited loan duration was 30 Year, with 217 originations. The 2nd most popular length was Other, with 88 originations.
Origination Fees/Closing Costs
Generations Bank's average total fees were $3,963, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 188 originations.
Interest Rates
During 2022, Generations Bank's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 5-6%, with 125 originations.
Loan Sizing
2022 saw Generations Bank place emphasis on $200k-400k loans with 156 originations, totaling $43,820,000 in origination value.
Applicant Income
Generations Bank lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $50k-75k, with 59 originations.
Applicant Debt to Income Ratio
Generations Bank lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? 30-36%, with 72 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.98%
Generations Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.04%
Generations Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 121.41 | 1 | $25,000 | $25,000 |
| 131.0 | 1 | $15,000 | $15,000 |
| 315.0 | 1 | $35,000 | $35,000 |
| 320.0 | 1 | $55,000 | $55,000 |
| 336.6 | 1 | $25,000 | $25,000 |
| 372.1 | 1 | $45,000 | $45,000 |
| NA | 386 | $115,600,000 | $299,482 |