Bank Of Little Rock Mortgage Corporation Rates, Fees & Info

LITTLE ROCK, AR

LEI: 549300S8CJG5MSY8BH57

Tax ID: 71-0811952

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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. Their top markets by origination volume include: Little Rock, Springfield, Birmingham, Tuscaloosa, and Hot Springs among others. We have data for 93 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 6.55% 12/16/24
30 Year Conventional Refi 6.45% 12/16/24
30 Year Cash-out Refi 6.63% 12/16/24
30 Year FHA Purchase 7.32% 12/16/24
30 Year FHA Refi 7.45% 12/16/24
30 Year VA Purchase 6.18% 12/16/24
30 Year USDA Purchase 6.61% 12/16/24
15 Year Conventional Purchase 6.03% 12/16/24
15 Year Conventional Refi 6.01% 12/16/24
15 Year Cash-out Refi 6.01% 12/16/24
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

1,404

Origination Dollar Volume (All Markets)

$261,040,000
Show all (7) awards

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) 646 $118,230,000 $183,019 $3,696 4.56%
SPRINGFIELD, MO (FHA|USDA|VA) 170 $29,070,000 $171,000 $3,655 4.78%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 71 $14,935,000 $210,352 $4,658 4.68%
TUSCALOOSA, AL (FHA|USDA|VA) 71 $13,175,000 $185,563 $4,713 4.76%
Outside of Metro Areas 66 $9,470,000 $143,485 $3,371 4.70%
HOT SPRINGS, AR (FHA|USDA|VA) 55 $9,375,000 $170,455 $2,911 4.80%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 47 $9,175,000 $195,213 $3,966 4.47%
JOPLIN, MO (FHA|USDA|VA) 45 $6,495,000 $144,333 $3,787 4.82%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 18 $5,030,000 $279,444 $8,065 4.81%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 14 $4,690,000 $335,000 $9,487 4.87%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 12 $4,040,000 $336,667 $5,508 4.47%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 13 $2,845,000 $218,846 $6,095 4.89%
SALT LAKE CITY, UT (FHA|USDA|VA) 11 $2,815,000 $255,909 $4,653 4.94%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $2,115,000 $302,143 $4,043 5.41%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,525,000 $305,000 $9,075 5.13%
RICHMOND, VA (FHA|USDA|VA) 5 $1,245,000 $249,000 $6,104 4.90%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,220,000 $203,333 $4,606 5.00%
PUNTA GORDA, FL (FHA|USDA|VA) 5 $1,095,000 $219,000 $4,577 4.78%
Malvern, AR (FHA|USDA|VA) 8 $1,070,000 $133,750 $3,445 5.02%
MONTGOMERY, AL (FHA|USDA|VA) 3 $915,000 $305,000 $6,724 4.38%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $910,000 $455,000 $6,448 4.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $850,000 $141,667 $5,345 4.56%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $825,000 $165,000 $3,655 4.90%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $790,000 $395,000 $14,234 5.13%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $775,000 $258,333 $5,956 4.92%
Paragould, AR (FHA|USDA|VA) 5 $685,000 $137,000 $3,742 4.72%
BOISE CITY, ID (FHA|USDA|VA) 3 $655,000 $218,333 $5,734 4.96%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $650,000 $325,000 $9,287 4.38%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $625,000 $125,000 $4,098 4.75%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $610,000 $305,000 $6,091 4.44%
Talladega-Sylacauga, AL (FHA|USDA|VA) 4 $590,000 $147,500 $6,096 4.78%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $550,000 $275,000 $10,355 4.25%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $530,000 $265,000 $9,107 4.94%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $480,000 $240,000 $4,798 4.63%
JONESBORO, AR (FHA|USDA|VA) 4 $470,000 $117,500 $4,437 4.44%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $445,000 $148,333 $5,263 4.83%
Branson, MO (FHA|USDA|VA) 3 $445,000 $148,333 $2,412 4.92%
SPARTANBURG, SC (FHA|USDA|VA) 3 $445,000 $148,333 $2,964 5.08%
Searcy, AR (FHA|USDA|VA) 4 $430,000 $107,500 $1,954 4.63%
OCALA, FL (FHA|USDA|VA) 1 $425,000 $425,000 $7,816 4.38%
SAVANNAH, GA (FHA|USDA|VA) 3 $425,000 $141,667 $4,895 5.38%
PROVO-OREM, UT (FHA|USDA|VA) 1 $415,000 $415,000 $2,648 4.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $385,000 $385,000 $6,588 4.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $15,999 4.38%
PANAMA CITY, FL (FHA|USDA|VA) 2 $360,000 $180,000 $3,235 5.00%
Harrison, AR (FHA|USDA|VA) 2 $350,000 $175,000 $5,830 4.19%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $340,000 $170,000 $6,611 5.06%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $325,000 $325,000 $2,674 5.25%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $305,000 $305,000 $7,320 3.63%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $305,000 $305,000 $3,571 3.25%
ST. GEORGE, UT (FHA|USDA|VA) 1 $305,000 $305,000 $5,685 4.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $295,000 $295,000 $11,319 4.88%
MOBILE, AL (FHA|USDA|VA) 1 $295,000 $295,000 $9,721 4.88%
Batesville, AR (FHA|USDA|VA) 2 $270,000 $135,000 $3,459 4.81%
Centralia, IL (FHA|USDA|VA) 1 $265,000 $265,000 $4,841 4.63%
PINE BLUFF, AR (FHA|USDA|VA) 3 $245,000 $81,667 $3,490 5.17%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $245,000 $245,000 $7,352 4.63%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $240,000 $120,000 $4,437 5.25%
Arkadelphia, AR (FHA|USDA|VA) 2 $210,000 $105,000 $2,912 4.63%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $205,000 $205,000 $2,944 4.63%
FORT COLLINS, CO (FHA|USDA|VA) 1 $205,000 $205,000 $2,143 4.63%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $205,000 $205,000 $5,627 5.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,698 5.00%
DALTON, GA (FHA|USDA|VA) 1 $175,000 $175,000 $9,010 4.63%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $155,000 $155,000 $7,942 5.00%
DOTHAN, AL (FHA|USDA|VA) 1 $155,000 $155,000 $4,317 4.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $155,000 $155,000 $6,429 5.25%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,801 4.75%
Jesup, GA (FHA|USDA|VA) 1 $155,000 $155,000 $4,933 4.13%
VALDOSTA, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,827 5.13%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,245 4.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $135,000 $135,000 $5,032 4.88%
ASHEVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $6,618 5.50%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $125,000 $125,000 $1,851 4.75%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $125,000 $125,000 $2,998 4.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $125,000 $125,000 $2,892 4.50%
COLUMBUS, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,551 5.00%
Sevierville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $2,596 4.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $115,000 $115,000 $4,071 5.63%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $115,000 $115,000 $2,022 5.25%
Blytheville, AR (FHA|USDA|VA) 1 $115,000 $115,000 $4,188 4.38%
TULSA, OK (FHA|USDA|VA) 1 $105,000 $105,000 $3,001 5.38%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $105,000 $105,000 $5,467 5.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $105,000 $105,000 $5,487 5.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $4,541 4.88%
Rockport, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,332 5.25%
Albertville, AL (FHA|USDA|VA) 1 $95,000 $95,000 $4,027 4.75%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,526 5.88%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $85,000 $85,000 $4,704 4.75%
HINESVILLE, GA (FHA|USDA|VA) 1 $85,000 $85,000 $3,434 5.38%
Sedalia, MO (FHA|USDA|VA) 1 $75,000 $75,000 $3,314 5.13%
Fort Payne, AL (FHA|USDA|VA) 1 $75,000 $75,000 $4,024 5.25%
Thomasville, GA (FHA|USDA|VA) 1 $65,000 $65,000 $3,060 5.00%
Bank Of Little Rock Mortgage Corporation's top markets include Little Rock, Springfield, Birmingham, Tuscaloosa, and Hot Springs among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 744 $146,220,000 $196,532 $3,056 4.76%
    FHA 386 $63,250,000 $163,860 $5,559 4.63%
    VA 168 $37,910,000 $225,655 $5,331 4.47%
    USDA 106 $13,660,000 $128,868 $3,877 4.53%

    For 2018, Bank Of Little Rock Mortgage Corporation's most frequently originated type of loan was Conventional, with 744 originations. Their 2nd most popular type was FHA, with 386 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,146 $202,260,000 $176,492 $3,864 4.64%
    Cash Out Refi 156 $34,490,000 $221,090 $6,074 4.87%
    Refi 96 $22,780,000 $237,292 $3,470 4.75%
    Home Improvement 6 $1,510,000 $251,667 $2,867 4.79%

    For 2018, Bank Of Little Rock Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,146 originations. The 2nd most popular reason was Cash Out Refi, with 156 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,342 $250,250,000 $186,475 $4,127 4.69%
    15 Year 47 $9,065,000 $192,872 $3,298 4.17%
    20 Year 14 $1,680,000 $120,000 $2,173 4.79%
    10 Year 1 $45,000 $45,000 $2,524 4.13%

    For 2018, Bank Of Little Rock Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,342 originations. The 2nd most popular length was 15 Year, with 47 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,020 $190,680,000 $186,941
    $1k-2k 202 $30,950,000 $153,218
    $2k-3k 110 $18,780,000 $170,727
    $3k-4k 42 $10,470,000 $249,286
    $5k+ 13 $5,465,000 $420,385
    $4k-5k 10 $3,310,000 $331,000

    Bank Of Little Rock Mortgage Corporation's average total fees were $4,127, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,020 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,060 $202,780,000 $191,302
    5-6% 230 $33,380,000 $145,130
    3-4% 109 $24,065,000 $220,780
    6-7% 5 $815,000 $163,000

    During 2018, Bank Of Little Rock Mortgage Corporation's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 1,060 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 732 $106,490,000 $145,478 $3,787 4.68%
    $200k-400k 410 $111,430,000 $271,780 $4,855 4.56%
    $100,000 or less 202 $15,650,000 $77,475 $2,813 4.92%
    $400k-600k 54 $23,560,000 $436,296 $5,082 4.49%
    $600k-1MM 6 $3,910,000 $651,667 $20,128 4.54%

    2018 saw Bank Of Little Rock Mortgage Corporation place emphasis on $100k-200k loans with 732 originations, totaling $106,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 402 $48,060,000 $119,552 $3,551 4.73%
    $50k-75k 383 $60,385,000 $157,663 $4,084 4.69%
    $100k-150k 236 $58,050,000 $245,975 $4,376 4.60%
    $75k-100k 212 $43,730,000 $206,274 $4,419 4.64%
    $150k-250k 125 $36,185,000 $289,480 $4,489 4.62%
    $250k+ 46 $14,630,000 $318,043 $4,421 4.69%

    Bank Of Little Rock Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 402 originations. The second most popular income band? $50k-75k, with 383 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 288 $53,740,000 $186,597 $3,691 4.67%
    30-36% 259 $47,745,000 $184,344 $3,962 4.68%
    <20% 117 $19,665,000 $168,077 $3,079 4.60%
    50-60% 63 $12,605,000 $200,079 $6,182 4.57%
    41% 59 $11,525,000 $195,339 $4,501 4.63%
    43% 58 $10,240,000 $176,552 $3,904 4.77%
    44% 57 $11,595,000 $203,421 $4,474 4.71%
    39% 52 $8,880,000 $170,769 $3,914 4.64%
    40% 51 $10,475,000 $205,392 $4,424 4.66%
    49% 50 $8,970,000 $179,400 $4,142 4.77%
    38% 49 $9,265,000 $189,082 $4,148 4.77%
    48% 48 $8,960,000 $186,667 $4,491 4.78%
    42% 47 $8,085,000 $172,021 $4,425 4.75%
    36% 47 $9,695,000 $206,277 $4,317 4.64%
    47% 46 $7,810,000 $169,783 $4,458 4.64%
    45% 42 $7,270,000 $173,095 $4,150 4.65%
    37% 34 $6,590,000 $193,824 $3,641 4.59%
    46% 33 $6,565,000 $198,939 $4,317 4.65%
    >60% 3 $1,095,000 $365,000 $6,204 4.67%

    Bank Of Little Rock Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 288 originations. The next most common DTI ratio? 30-36%, with 259 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,247 $231,685,000 $185,794 $3,991 4.67%
    Black 101 $16,935,000 $167,673 $4,373 4.72%
    Asian 28 $6,180,000 $220,714 $4,673 4.58%
    Not provided 19 $4,725,000 $248,684 $7,000 4.66%
    American Indian 8 $1,330,000 $166,250 $4,045 4.78%
    Native Hawaiian or Islander 1 $185,000 $185,000 $11,711 4.63%

    Approval Rates

    Total approvals of all applications
    95.39%

    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
    75.93%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,404 $261,040,000 $185,926

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 29 $2,725,000 $93,966
    Single Family (1-4 Units):Site-Built 1,375 $258,315,000 $187,865

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $3,815,000 $152,600 $3,362 4.77%
    40-60% 58 $11,520,000 $198,621 $3,514 4.69%
    60-80% 288 $57,510,000 $199,688 $3,305 4.79%
    80-100% 996 $179,360,000 $180,080 $4,198 4.64%
    Over 100% 35 $8,325,000 $237,857 $8,436 4.41%
    Under 20% 2 $510,000 $255,000 $4,972 3.94%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF HAWAII CORPORATION Other type of mortgage Trouble during payment process 1 100.0%