First National Bank Of Eastern Arkansas Mortgage Rates, Fees & Info

FORREST CITY, AR

LEI: 549300UHLXT004ITEJ56

Tax ID: 71-0128070

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Mortgage Data

Review & Overview

First National Bank Of Eastern Arkansas is a smaller bank specializing in Home Purchase and Refi loans. First National Bank Of Eastern Arkansas has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Forrest City, Oxford, Batesville, and Blytheville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank Of Eastern Arkansas has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

97

Origination Dollar Volume (All Markets)

$10,525,000

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
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 34 $6,240,000 $183,529 $0 0.00%
Outside of Metro Areas 25 $1,645,000 $65,800 $0 0.00%
Forrest City, AR (FHA|USDA|VA) 24 $940,000 $39,167 $0 0.00%
Oxford, MS (FHA|USDA|VA) 2 $600,000 $300,000 $0 0.00%
Batesville, AR (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
Blytheville, AR (FHA|USDA|VA) 9 $295,000 $32,778 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Helena-West Helena, AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
First National Bank Of Eastern Arkansas's top markets include Memphis, Forrest City, Oxford, Batesville, and Blytheville among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 97 $10,525,000 $108,505 $0 0.00%

    For 2023, First National Bank Of Eastern Arkansas's most frequently originated type of loan was Conventional, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $5,225,000 $133,974 $0 0.00%
    Refi 33 $4,365,000 $132,273 $0 0.00%
    Home Improvement 20 $790,000 $39,500 $0 0.00%
    Other 4 $70,000 $17,500 $0 0.00%
    Cash Out Refi 1 $75,000 $75,000 $0 0.00%

    For 2023, First National Bank Of Eastern Arkansas's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 97 $10,525,000 $108,505 $0 0.00%

    For 2023, First National Bank Of Eastern Arkansas's most frequently cited loan duration was Other, with 97 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 67 $2,605,000 $38,881 $0 0.00%
    $100k-200k 16 $2,530,000 $158,125 $0 0.00%
    $200k-400k 9 $2,655,000 $295,000 $0 0.00%
    $400k-600k 4 $2,120,000 $530,000 $0 0.00%
    $600k-1MM 1 $615,000 $615,000 $0 0.00%

    2023 saw First National Bank Of Eastern Arkansas place emphasis on $100,000 or less loans with 67 originations, totaling $2,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $725,000 $42,647 $0 0.00%
    $150k-250k 16 $2,810,000 $175,625 $0 0.00%
    $100k-150k 14 $750,000 $53,571 $0 0.00%
    $50k-75k 13 $435,000 $33,462 $0 0.00%
    $75k-100k 9 $515,000 $57,222 $0 0.00%
    $250k+ 2 $500,000 $250,000 $0 0.00%

    First National Bank Of Eastern Arkansas lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $150k-250k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 97 $10,525,000 $108,505 $0 0.00%

    First National Bank Of Eastern Arkansas lent most frequently to those with DTI ratios of Exempt%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $5,315,000 $93,246 $0 0.00%
    Not applicable 26 $4,790,000 $184,231 $0 0.00%
    Black 13 $325,000 $25,000 $0 0.00%
    Asian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.08%

    First National Bank Of Eastern Arkansas 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
    98.97%

    First National Bank Of Eastern Arkansas has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 97 $10,525,000 $108,505

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    97 $10,525,000 $108,505