Bank Of Little Rock Mortgage Corporation Rates, Fees & Info

LITTLE ROCK, AR

LEI: 549300S8CJG5MSY8BH57

Tax ID: 71-0811952

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

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  • 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

    Bank Of Little Rock Mortgage Corporation is a smaller bank specializing in Home Purchase loans. Bank Of Little Rock Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Little Rock, Fayetteville, Fort Smith, Hot Springs, and Searcy among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Little Rock Mortgage Corporation 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. Bank Of Little Rock Mortgage Corporation 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.93% 4/5/25
    30 Year Conventional Refi 6.74% 4/5/25
    30 Year Cash-out Refi 6.88% 4/5/25
    30 Year FHA Purchase 7.24% 4/5/25
    30 Year VA Purchase 6.42% 4/5/25
    30 Year VA Refi 5.89% 4/5/25
    30 Year USDA Purchase 6.78% 4/5/25
    15 Year Conventional Purchase 5.92% 4/5/25
    15 Year Conventional Refi 5.47% 4/5/25
    15 Year Cash-out Refi 5.47% 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.

    Bank Of Little Rock Mortgage Corporation Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Bank Of Little Rock Mortgage Corporation. 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

    378

    Origination Dollar Volume (All Markets)

    $108,500,000
    Show all (8) awards

    Relative Rate

    Bank Of Little Rock Mortgage Corporation's average 30 year fixed mortgage rate was 6.64%.

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

    This yields a difference of 0.09%.

    Relative Fees (Closing Costs)

    Bank Of Little Rock Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $4,457.

    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
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 246 $69,620,000 $283,008 $4,532 6.57%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 69 $25,055,000 $363,116 $4,659 6.70%
    Outside of Metro Areas 30 $6,360,000 $212,000 $3,258 6.67%
    FORT SMITH, AR-OK (FHA|USDA|VA) 6 $1,560,000 $260,000 $3,963 6.60%
    HOT SPRINGS, AR (FHA|USDA|VA) 5 $1,005,000 $201,000 $4,017 6.53%
    Searcy, AR (FHA|USDA|VA) 4 $900,000 $225,000 $5,046 6.22%
    TULSA, OK (FHA|USDA|VA) 3 $795,000 $265,000 $5,606 6.66%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $545,000 $545,000 $3,926 6.99%
    Russellville, AR (FHA|USDA|VA) 3 $535,000 $178,333 $4,167 7.04%
    Mountain Home, AR (FHA|USDA|VA) 1 $365,000 $365,000 $3,628 6.99%
    PINE BLUFF, AR (FHA|USDA|VA) 2 $340,000 $170,000 $4,923 6.69%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $325,000 $325,000 $5,611 6.63%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $265,000 $265,000 $2,289 7.13%
    JOPLIN, MO (FHA|USDA|VA) 1 $255,000 $255,000 $4,291 6.50%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,616 6.88%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,500 6.50%
    Camden, AR (FHA|USDA|VA) 1 $75,000 $75,000 $4,003 6.88%
    Brownsville, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.88%
    Clarksburg, WV (FHA|USDA|VA) 1 $55,000 $55,000 $3,812 6.50%
    Bank Of Little Rock Mortgage Corporation's top markets include Little Rock, Fayetteville, Fort Smith, Hot Springs, and Searcy among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

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

    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 80
    Mutual Savings Credit Union
    Similarity Rank: 119
    Liberty Mortgage Corporation
    Similarity Rank: 120
    Southwest Missouri Bank
    Similarity Rank: 130
    ALABAMA CREDIT UNION
    Similarity Rank: 150
    GRANITE FEDERAL CREDIT UNION
    Similarity Rank: 150
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 168
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 384
    UTAH COMMUNITY
    Similarity Rank: 390
    BLUCURRENT
    Similarity Rank: 392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 282 $81,020,000 $287,305 $3,685 6.68%
    FHA 54 $14,360,000 $265,926 $8,268 6.45%
    VA 36 $12,020,000 $333,889 $3,879 6.37%
    USDA 6 $1,100,000 $183,333 $5,387 6.27%

    For 2024, Bank Of Little Rock Mortgage Corporation's most frequently originated type of loan was Conventional, with 282 originations. Their 2nd most popular type was FHA, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 349 $101,575,000 $291,046 $4,501 6.62%
    Cash Out Refi 15 $2,685,000 $179,000 $3,573 6.71%
    Refi 14 $4,240,000 $302,857 $3,280 6.26%

    For 2024, Bank Of Little Rock Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 349 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 358 $101,320,000 $283,017 $4,457 6.64%
    20 Year 11 $4,095,000 $372,273 $3,953 6.26%
    15 Year 8 $2,850,000 $356,250 $3,754 5.86%
    Other 1 $235,000 $235,000 $6,945 6.88%

    For 2024, Bank Of Little Rock Mortgage Corporation's most frequently cited loan duration was 30 Year, with 358 originations. The 2nd most popular length was 20 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 221 $64,865,000 $293,507
    $1k-2k 68 $18,400,000 $270,588
    $2k-3k 45 $13,685,000 $304,111
    $3k-4k 8 $3,250,000 $406,250
    $4k-5k 8 $2,680,000 $335,000
    $5k+ 4 $1,330,000 $332,500

    Bank Of Little Rock Mortgage Corporation's average total fees were $4,457, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 221 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 283 $78,005,000 $275,636
    5-6% 47 $16,315,000 $347,128
    7-8% 47 $13,475,000 $286,702
    4-5% 1 $705,000 $705,000

    During 2024, Bank Of Little Rock Mortgage Corporation's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 6-7%, with 283 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 194 $54,840,000 $282,680 $4,914 6.61%
    $100k-200k 91 $13,885,000 $152,582 $3,495 6.62%
    $400k-600k 61 $28,765,000 $471,557 $4,525 6.70%
    $100,000 or less 19 $1,455,000 $76,579 $2,869 6.64%
    $600k-1MM 12 $8,330,000 $694,167 $4,243 6.25%
    $1MM+ 1 $1,225,000 $1,225,000 $4,819 6.00%

    2024 saw Bank Of Little Rock Mortgage Corporation place emphasis on $200k-400k loans with 194 originations, totaling $54,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 106 $29,780,000 $280,943 $4,726 6.72%
    $150k-250k 70 $26,210,000 $374,429 $4,374 6.69%
    $75k-100k 68 $17,170,000 $252,500 $5,088 6.58%
    $50k-75k 59 $10,985,000 $186,186 $4,125 6.47%
    $250k+ 49 $20,125,000 $410,714 $4,010 6.60%
    $50k or less 25 $3,895,000 $155,800 $3,139 6.40%

    Bank Of Little Rock Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 106 originations. The second most popular income band? $150k-250k, with 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 75 $23,275,000 $310,333 $4,052 6.52%
    30-36% 69 $19,855,000 $287,754 $4,786 6.61%
    <20% 30 $5,860,000 $195,333 $3,241 6.41%
    43% 18 $5,270,000 $292,778 $4,439 6.70%
    49% 18 $5,600,000 $311,111 $4,998 6.63%
    50-60% 17 $4,865,000 $286,176 $6,204 6.60%
    40% 17 $4,535,000 $266,765 $3,963 6.73%
    42% 16 $5,780,000 $361,250 $3,972 6.48%
    45% 16 $4,680,000 $292,500 $5,079 6.83%
    44% 15 $3,975,000 $265,000 $4,792 6.56%
    38% 12 $3,800,000 $316,667 $3,866 6.67%
    36% 12 $3,060,000 $255,000 $4,746 6.55%
    41% 12 $3,180,000 $265,000 $3,831 6.83%
    47% 11 $3,175,000 $288,636 $4,787 6.81%
    46% 11 $3,255,000 $295,909 $5,837 6.88%
    48% 9 $2,235,000 $248,333 $5,598 6.82%
    37% 9 $2,665,000 $296,111 $3,676 6.58%
    39% 9 $2,595,000 $288,333 $3,896 6.64%
    >60% 1 $175,000 $175,000 $3,976 7.13%

    Bank Of Little Rock Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 75 originations. The next most common DTI ratio? 30-36%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 305 $86,115,000 $282,344 $4,357 6.60%
    Black 29 $9,265,000 $319,483 $4,587 6.59%
    Asian 19 $5,285,000 $278,158 $5,495 6.69%
    Not provided 16 $4,960,000 $310,000 $4,738 6.68%
    American Indian 3 $845,000 $281,667 $5,107 6.71%
    Asian Indian 3 $815,000 $271,667 $4,864 6.70%
    Filipino 1 $525,000 $525,000 $3,600 6.88%
    Vietnamese 1 $455,000 $455,000 $0 6.62%
    Other Asian 1 $235,000 $235,000 $2,555 6.13%

    Approval Rates

    Total approvals of all applications
    95.28%

    Bank Of Little Rock Mortgage Corporation 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
    67.99%

    Bank Of Little Rock Mortgage Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 378 $108,500,000 $287,037

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    378 $108,500,000 $287,037

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $3,480,000 $174,000 $2,711 6.50%
    40-60% 36 $8,980,000 $249,444 $3,533 6.36%
    60-80% 109 $32,175,000 $295,183 $4,072 6.71%
    80-100% 207 $62,765,000 $303,213 $4,854 6.62%
    Over 100% 3 $795,000 $265,000 $8,708 6.58%
    Under 20% 3 $305,000 $101,667 $2,328 6.50%