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

FORREST CITY, AR

LEI: 549300UHLXT004ITEJ56

Tax ID: 71-0128070

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

Jump to:

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, Blytheville, Forrest City, Jonesboro, and Jackson among others. We have data for 7 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.

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.


Originations

113

Origination Dollar Volume (All Markets)

$9,515,000

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) 18 $3,170,000 $176,111 $0 0.00%
Outside of Metro Areas 26 $2,380,000 $91,538 $0 0.00%
Blytheville, AR (FHA|USDA|VA) 28 $1,910,000 $68,214 $0 0.00%
Forrest City, AR (FHA|USDA|VA) 36 $1,330,000 $36,944 $0 0.00%
JONESBORO, AR (FHA|USDA|VA) 3 $425,000 $141,667 $0 0.00%
JACKSON, TN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Cleveland, MS (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
First National Bank Of Eastern Arkansas's top markets include Memphis, Blytheville, Forrest City, Jonesboro, and Jackson among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 113 $9,515,000 $84,204 $0 0.00%

    For 2018, First National Bank Of Eastern Arkansas's most frequently originated type of loan was Conventional, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $5,765,000 $117,653 $0 0.00%
    Refi 39 $2,675,000 $68,590 $0 0.00%
    Home Improvement 18 $700,000 $38,889 $0 0.00%
    Other 7 $375,000 $53,571 $0 0.00%

    For 2018, First National Bank Of Eastern Arkansas's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 113 $9,515,000 $84,204 $0 0.00%

    For 2018, First National Bank Of Eastern Arkansas's most frequently cited loan duration was Other, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $2,975,000 $35,843 $0 0.00%
    $100k-200k 19 $2,565,000 $135,000 $0 0.00%
    $200k-400k 9 $2,165,000 $240,556 $0 0.00%
    $1MM+ 1 $1,105,000 $1,105,000 $0 0.00%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2018 saw First National Bank Of Eastern Arkansas place emphasis on $100,000 or less loans with 83 originations, totaling $2,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $780,000 $39,000 $0 0.00%
    $150k-250k 18 $1,370,000 $76,111 $0 0.00%
    $100k-150k 13 $745,000 $57,308 $0 0.00%
    $75k-100k 13 $525,000 $40,385 $0 0.00%
    $50k-75k 12 $440,000 $36,667 $0 0.00%
    $250k+ 9 $1,905,000 $211,667 $0 0.00%

    First National Bank Of Eastern Arkansas lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $150k-250k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 113 $9,515,000 $84,204 $0 0.00%

    First National Bank Of Eastern Arkansas lent most frequently to those with DTI ratios of Exempt%, with 113 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $4,740,000 $76,452 $0 0.00%
    Not applicable 28 $3,750,000 $133,929 $0 0.00%
    Black 23 $1,025,000 $44,565 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.34%

    First National Bank Of Eastern Arkansas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.35%

    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 113 $9,515,000 $84,204

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $2,340,000 $292,500
    Single Family (1-4 Units):Manufactured 5 $135,000 $27,000
    Single Family (1-4 Units):Site-Built 100 $7,040,000 $70,400

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%