Stone Bank Mortgage Rates, Fees & Info
Little Rock, ARLEI: 549300UMOKQUJLI81448
Tax ID: 71-0271595
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Stone Bank is a smaller bank specializing in Home Purchase and Refi loans. Stone Bank has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Pine Bluff, Harrison, Oklahoma City, and Hot Springs among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Stone Bank has an above average approval rate when compared to the average across all lenders.
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Originations
193Origination Dollar Volume (All Markets)
$52,655,000Top 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 |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 92 | $24,500,000 | $266,304 | $0 | 0.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 55 | $13,685,000 | $248,818 | $0 | 0.00% |
| Harrison, AR (FHA|USDA|VA) | 14 | $5,260,000 | $375,714 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $3,855,000 | $3,855,000 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $2,100,000 | $131,250 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 193 | $52,655,000 | $272,824 | $0 | 0.00% |
For 2022, Stone Bank's most frequently originated type of loan was Conventional, with 193 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 152 | $35,250,000 | $231,908 | $0 | 0.00% |
| Refi | 30 | $16,610,000 | $553,667 | $0 | 0.00% |
| Home Improvement | 11 | $795,000 | $72,273 | $0 | 0.00% |
For 2022, Stone Bank's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 193 | $52,655,000 | $272,824 | $0 | 0.00% |
For 2022, Stone Bank's most frequently cited loan duration was Other, with 193 originations.
Loan Sizing
2022 saw Stone Bank place emphasis on $100,000 or less loans with 76 originations, totaling $4,540,000 in origination value.
Applicant Income
Stone Bank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 193 | $52,655,000 | $272,824 | $0 | 0.00% |
Stone Bank lent most frequently to those with DTI ratios of Exempt%, with 193 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.47%
Stone Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 193 | $52,655,000 | $272,824 |