First National Bank Of Eastern Arkansas Mortgage Rates, Fees & Info
FORREST CITY, ARLEI: 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, Blytheville, Jonesboro, and Mountain Home among others. We have data for 9 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
113Origination Dollar Volume (All Markets)
$14,105,000Top 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) | 40 | $5,200,000 | $130,000 | $0 | 0.00% |
| Forrest City, AR (FHA|USDA|VA) | 33 | $2,605,000 | $78,939 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $2,030,000 | $84,583 | $0 | 0.00% |
| Blytheville, AR (FHA|USDA|VA) | 9 | $2,005,000 | $222,778 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 113 | $14,105,000 | $124,823 | $0 | 0.00% |
For 2021, First National Bank Of Eastern Arkansas's most frequently originated type of loan was Conventional, with 113 originations.
Loan Reason
For 2021, First National Bank Of Eastern Arkansas's most frequently cited loan purpose was Home Purchase, with 70 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 | 113 | $14,105,000 | $124,823 | $0 | 0.00% |
For 2021, First National Bank Of Eastern Arkansas's most frequently cited loan duration was Other, with 113 originations.
Loan Sizing
2021 saw First National Bank Of Eastern Arkansas place emphasis on $100,000 or less loans with 74 originations, totaling $3,660,000 in origination value.
Applicant Income
First National Bank Of Eastern Arkansas lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $75k-100k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 113 | $14,105,000 | $124,823 | $0 | 0.00% |
First National Bank Of Eastern Arkansas lent most frequently to those with DTI ratios of Exempt%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.80%
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 origination99.12%
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 | $14,105,000 | $124,823 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Other type of mortgage | Struggling to pay mortgage | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | FHA mortgage | Improper use of your report | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |