The First National Bank Of Lawrence County At Walnut Ridge Mortgage Rates, Fees & Info

Walnut Ridge, AR

LEI: 549300SEIRB4CK6DTC04

Tax ID: 71-0104875

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The First National Bank Of Lawrence County At Walnut Ridge is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank Of Lawrence County At Walnut Ridge has a high proportion of conventional loans. Their top markets by origination volume include: Mountain Home, Batesville, and Jonesboro among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First National Bank Of Lawrence County At Walnut Ridge 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.

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    Originations

    64

    Origination Dollar Volume (All Markets)

    $6,210,000

    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
    Outside of Metro Areas 58 $5,040,000 $86,897 $0 0.00%
    Mountain Home, AR (FHA|USDA|VA) 2 $630,000 $315,000 $0 0.00%
    Batesville, AR (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    JONESBORO, AR (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
    The First National Bank Of Lawrence County At Walnut Ridge's top markets include Mountain Home, Batesville, and Jonesboro among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $6,210,000 $97,031 $0 0.00%

    For 2023, The First National Bank Of Lawrence County At Walnut Ridge's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $2,450,000 $102,083 $0 0.00%
    Refi 21 $2,455,000 $116,905 $0 0.00%
    Home Improvement 11 $615,000 $55,909 $0 0.00%
    Other 8 $690,000 $86,250 $0 0.00%

    For 2023, The First National Bank Of Lawrence County At Walnut Ridge's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $6,210,000 $97,031 $0 0.00%

    For 2023, The First National Bank Of Lawrence County At Walnut Ridge's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,120,000 $48,182 $0 0.00%
    $100k-200k 13 $1,845,000 $141,923 $0 0.00%
    $200k-400k 6 $1,740,000 $290,000 $0 0.00%
    $400k-600k 1 $505,000 $505,000 $0 0.00%

    2023 saw The First National Bank Of Lawrence County At Walnut Ridge place emphasis on $100,000 or less loans with 44 originations, totaling $2,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $925,000 $54,412 $0 0.00%
    $75k-100k 14 $1,120,000 $80,000 $0 0.00%
    $50k-75k 10 $640,000 $64,000 $0 0.00%
    $100k-150k 7 $435,000 $62,143 $0 0.00%
    $250k+ 7 $1,345,000 $192,143 $0 0.00%
    $150k-250k 5 $1,195,000 $239,000 $0 0.00%

    The First National Bank Of Lawrence County At Walnut Ridge lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $6,210,000 $97,031 $0 0.00%

    The First National Bank Of Lawrence County At Walnut Ridge lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 60 $5,660,000 $94,333 $0 0.00%
    Not applicable 4 $550,000 $137,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.00%

    The First National Bank Of Lawrence County At Walnut Ridge has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.25%

    The First National Bank Of Lawrence County At Walnut Ridge has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 64 $6,210,000 $97,031

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    64 $6,210,000 $97,031