The First National Bank Of Lawrence County At Walnut Ridge Mortgage Rates, Fees & Info
Walnut Ridge, ARLEI: 549300SEIRB4CK6DTC04
Tax ID: 71-0104875
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 two markets are Jonesboro and Paragould .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
53Origination Dollar Volume (All Markets)
$6,325,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 49 | $4,865,000 | $99,286 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $0 | 0.00% |
| Paragould, AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $6,325,000 | $119,340 | $0 | 0.00% |
For 2024, The First National Bank Of Lawrence County At Walnut Ridge's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2024, The First National Bank Of Lawrence County At Walnut Ridge's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $6,325,000 | $119,340 | $0 | 0.00% |
For 2024, The First National Bank Of Lawrence County At Walnut Ridge's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2024 saw The First National Bank Of Lawrence County At Walnut Ridge place emphasis on $100,000 or less loans with 34 originations, totaling $1,640,000 in origination value.
Applicant Income
The First National Bank Of Lawrence County At Walnut Ridge lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $50k or less, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $6,325,000 | $119,340 | $0 | 0.00% |
The First National Bank Of Lawrence County At Walnut Ridge lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 50 | $5,830,000 | $116,600 | $0 | 0.00% |
| Not applicable | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Asian | 2 | $170,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications74.71%
The First National Bank Of Lawrence County At Walnut Ridge has a below average approval rate.
Pick Rate
Approvals leading to origination77.36%
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 | 53 | $6,325,000 | $119,340 |