Bank Of Little Rock Mortgage Corporation Rates, Fees & Info

LITTLE ROCK, AR

LEI: 549300S8CJG5MSY8BH57

Tax ID: 71-0811952

5 stars - Updated: 6/16/24 - out of 5 stars, based on 22 reviews

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

Jump to:

Mortgage Data

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, Springfield, Hot Springs, and Kansas City among others. We have data for 40 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 an average 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 relatively high 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 6.55% 6/16/24
30 Year Conventional Refi 6.45% 6/16/24
30 Year Cash-out Refi 6.63% 6/16/24
30 Year FHA Purchase 7.32% 6/16/24
30 Year FHA Refi 7.45% 6/16/24
30 Year VA Purchase 6.18% 6/16/24
30 Year USDA Purchase 6.61% 6/16/24
15 Year Conventional Purchase 6.03% 6/16/24
15 Year Conventional Refi 6.01% 6/16/24
15 Year Cash-out Refi 6.01% 6/16/24
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.

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

483

Origination Dollar Volume (All Markets)

$122,265,000
Show all (7) awards

Relative Rate

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

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.16%.

Relative Fees (Closing Costs)

Bank Of Little Rock Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $4,916.

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 $9,089.

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) 298 $72,540,000 $243,423 $4,835 6.58%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 70 $21,750,000 $310,714 $4,101 6.80%
Outside of Metro Areas 27 $6,425,000 $237,963 $5,840 6.52%
SPRINGFIELD, MO (FHA|USDA|VA) 26 $5,610,000 $215,769 $5,897 6.66%
HOT SPRINGS, AR (FHA|USDA|VA) 8 $2,060,000 $257,500 $4,878 6.47%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $1,275,000 $425,000 $4,966 7.67%
JOPLIN, MO (FHA|USDA|VA) 7 $1,145,000 $163,571 $3,719 6.69%
Searcy, AR (FHA|USDA|VA) 5 $1,015,000 $203,000 $4,167 6.43%
SPARTANBURG, SC (FHA|USDA|VA) 2 $750,000 $375,000 $8,384 7.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $600,000 $300,000 $4,888 7.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $555,000 $555,000 $6,092 6.88%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $555,000 $555,000 $5,685 5.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $515,000 $515,000 $5,910 5.75%
TULSA, OK (FHA|USDA|VA) 1 $465,000 $465,000 $4,679 7.37%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $455,000 $455,000 $6,366 6.00%
Russellville, AR (FHA|USDA|VA) 1 $445,000 $445,000 $3,566 7.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $415,000 $415,000 $10,177 5.75%
BATON ROUGE, LA (FHA|USDA|VA) 1 $405,000 $405,000 $13,509 7.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $375,000 $375,000 $4,088 7.38%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $365,000 $365,000 $9,744 6.75%
Malvern, AR (FHA|USDA|VA) 2 $340,000 $170,000 $6,002 6.31%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $325,000 $325,000 $10,296 7.13%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $305,000 $305,000 $6,436 7.99%
Lawrenceburg, TN (FHA|USDA|VA) 1 $295,000 $295,000 $8,341 6.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $285,000 $285,000 $5,564 6.75%
Batesville, AR (FHA|USDA|VA) 2 $280,000 $140,000 $3,658 6.63%
Coffeyville, KS (FHA|USDA|VA) 1 $265,000 $265,000 $5,919 6.25%
GAINESVILLE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $5,359 6.50%
Arkadelphia, AR (FHA|USDA|VA) 2 $260,000 $130,000 $5,200 5.94%
PINE BLUFF, AR (FHA|USDA|VA) 2 $260,000 $130,000 $4,877 6.13%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $215,000 $215,000 $6,156 6.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.50%
Altus, OK (FHA|USDA|VA) 1 $215,000 $215,000 $3,653 6.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $195,000 $195,000 $7,099 6.63%
Paragould, AR (FHA|USDA|VA) 1 $185,000 $185,000 $3,454 6.13%
JACKSON, TN (FHA|USDA|VA) 2 $180,000 $90,000 $0 7.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $145,000 $145,000 $2,730 7.50%
Helena-West Helena, AR (FHA|USDA|VA) 1 $75,000 $75,000 $3,832 6.50%
LOUISVILLE, KY (FHA|USDA|VA) 1 $65,000 $65,000 $3,470 7.50%
Bank Of Little Rock Mortgage Corporation's top markets include Little Rock, Fayetteville, Springfield, Hot Springs, and Kansas City among others.

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

    BLUCURRENT
    Similarity Rank: 56
    Southwest Missouri Bank
    Similarity Rank: 128
    United Bank
    Similarity Rank: 230
    NEST HOME LENDING, LLC
    Similarity Rank: 234
    Liberty Mortgage Corporation
    Similarity Rank: 348
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 352
    Mutual Savings Credit Union
    Similarity Rank: 360
    ALABAMA CREDIT UNION
    Similarity Rank: 378
    CYPRUS Federal Credit Union
    Similarity Rank: 390
    Alabama One Credit Union
    Similarity Rank: 494

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 333 $82,985,000 $249,204 $3,649 6.72%
    FHA 96 $23,230,000 $241,979 $7,941 6.46%
    VA 48 $15,040,000 $313,333 $6,624 6.32%
    USDA 6 $1,010,000 $168,333 $4,881 6.06%

    For 2023, Bank Of Little Rock Mortgage Corporation's most frequently originated type of loan was Conventional, with 333 originations. Their 2nd most popular type was FHA, with 96 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 450 $115,390,000 $256,422 $4,985 6.63%
    Cash Out Refi 17 $3,775,000 $222,059 $3,851 6.68%
    Refi 16 $3,100,000 $193,750 $3,700 6.38%

    For 2023, Bank Of Little Rock Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 450 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 468 $117,180,000 $250,385 $4,916 6.64%
    15 Year 12 $4,460,000 $371,667 $4,566 6.10%
    20 Year 3 $625,000 $208,333 $4,597 6.33%

    For 2023, Bank Of Little Rock Mortgage Corporation's most frequently cited loan duration was 30 Year, with 468 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 280 $71,900,000 $256,786
    $1k-2k 70 $16,690,000 $238,429
    $2k-3k 50 $12,080,000 $241,600
    $3k-4k 27 $8,105,000 $300,185
    $4k-5k 11 $3,755,000 $341,364
    $5k+ 10 $4,290,000 $429,000

    Bank Of Little Rock Mortgage Corporation's average total fees were $4,916, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 280 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 261 $66,725,000 $255,651
    7-8% 116 $29,870,000 $257,500
    5-6% 101 $24,495,000 $242,525
    Over 8% 5 $1,175,000 $235,000

    During 2023, 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 261 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 244 $68,810,000 $282,008 $5,059 6.65%
    $100k-200k 154 $23,510,000 $152,662 $3,910 6.58%
    $400k-600k 49 $22,855,000 $466,429 $7,457 6.67%
    $100,000 or less 29 $2,325,000 $80,172 $2,846 6.64%
    $600k-1MM 7 $4,765,000 $680,714 $7,641 6.14%

    2023 saw Bank Of Little Rock Mortgage Corporation place emphasis on $200k-400k loans with 244 originations, totaling $68,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 123 $35,275,000 $286,789 $5,084 6.62%
    $50k-75k 103 $19,015,000 $184,612 $4,705 6.62%
    $150k-250k 88 $27,930,000 $317,386 $5,047 6.75%
    $75k-100k 84 $20,050,000 $238,690 $5,117 6.56%
    $50k or less 54 $7,750,000 $143,519 $4,230 6.45%
    $250k+ 31 $12,245,000 $395,000 $5,155 6.75%

    Bank Of Little Rock Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 123 originations. The second most popular income band? $50k-75k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $21,685,000 $249,253 $4,377 6.59%
    30-36% 83 $21,325,000 $256,928 $4,392 6.56%
    50-60% 35 $11,015,000 $314,714 $8,328 6.39%
    <20% 32 $6,700,000 $209,375 $3,600 6.42%
    49% 24 $5,900,000 $245,833 $4,806 6.57%
    48% 22 $6,210,000 $282,273 $4,762 6.87%
    38% 21 $4,975,000 $236,905 $4,447 7.07%
    43% 21 $6,295,000 $299,762 $6,518 6.49%
    39% 20 $5,370,000 $268,500 $4,257 6.99%
    44% 18 $3,180,000 $176,667 $4,518 6.81%
    46% 18 $4,160,000 $231,111 $5,686 6.68%
    40% 16 $4,210,000 $263,125 $4,948 6.65%
    45% 16 $4,410,000 $275,625 $6,694 6.55%
    37% 15 $3,945,000 $263,000 $4,938 6.69%
    41% 14 $3,070,000 $219,286 $3,648 6.67%
    42% 13 $2,895,000 $222,692 $3,851 6.66%
    36% 13 $3,665,000 $281,923 $5,168 6.65%
    47% 13 $2,735,000 $210,385 $3,821 6.52%
    >60% 2 $520,000 $260,000 $5,698 6.25%

    Bank Of Little Rock Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 385 $97,365,000 $252,896 $4,887 6.63%
    Not provided 29 $7,635,000 $263,276 $4,533 6.55%
    Black 32 $7,270,000 $227,188 $5,483 6.56%
    Asian 17 $5,095,000 $299,706 $4,672 6.55%
    Asian Indian 7 $2,115,000 $302,143 $4,543 6.61%
    American Indian 6 $1,180,000 $196,667 $5,401 6.52%
    Vietnamese 3 $565,000 $188,333 $2,986 7.37%
    Other Asian 2 $450,000 $225,000 $3,785 7.18%
    1 $445,000 $445,000 $7,796 7.50%
    Filipino 1 $145,000 $145,000 $0 7.13%

    Approval Rates

    Total approvals of all applications
    94.55%

    Bank Of Little Rock Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.43%

    Bank Of Little Rock Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 483 $122,265,000 $253,137

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    483 $122,265,000 $253,137

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $3,120,000 $156,000 $2,871 6.44%
    40-60% 48 $10,610,000 $221,042 $3,559 6.62%
    60-80% 129 $30,175,000 $233,915 $3,812 6.74%
    80-100% 275 $75,335,000 $273,945 $5,451 6.59%
    Over 100% 10 $2,930,000 $293,000 $10,923 6.49%
    Under 20% 1 $95,000 $95,000 $3,953 5.50%