Agheritage Farm Credit Services Flca Mortgage Rates, Fees & Info
Little Rock, ARLEI: 549300VRH8KD60XSZK39
Tax ID: 71-0697356
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Mortgage Data
Review & Overview
Agheritage Farm Credit Services Flca is a smaller mortgage company specializing in Home Purchase and Other loans. Agheritage Farm Credit Services Flca has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Searcy, Pine Bluff, Fort Smith, and Fayetteville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Agheritage Farm Credit Services Flca 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. Agheritage Farm Credit Services Flca is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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Originations
42Origination Dollar Volume (All Markets)
$12,440,000Relative Rate
Agheritage Farm Credit Services Flca's average 30 year fixed mortgage rate was
7.58%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.1%.
Relative Fees (Closing Costs)
Agheritage Farm Credit Services Flca's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,499.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 18 | $4,670,000 | $259,444 | $4,945 | 7.38% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 9 | $2,795,000 | $310,556 | $6,110 | 7.42% |
| Searcy, AR (FHA|USDA|VA) | 6 | $2,080,000 | $346,667 | $8,007 | 7.29% |
| PINE BLUFF, AR (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $6,998 | 7.20% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $8,475 | 7.05% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,115 | 7.95% |
| Batesville, AR (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,224 | 7.75% |
| Starkville, MS (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,198 | 7.50% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,900 | 7.60% |
| Greenville, MS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,767 | 7.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $12,440,000 | $296,190 | $5,760 | 7.41% |
For 2023, Agheritage Farm Credit Services Flca's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 19 | $5,875,000 | $309,211 | $6,011 | 7.41% |
| Other | 16 | $4,770,000 | $298,125 | $6,184 | 7.50% |
| Refi | 7 | $1,795,000 | $256,429 | $4,112 | 7.20% |
For 2023, Agheritage Farm Credit Services Flca's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Other, with 16 originations.
Loan Duration/Length
For 2023, Agheritage Farm Credit Services Flca's most frequently cited loan duration was 30 Year, with 29 originations. The 2nd most popular length was 30+ year, with 7 originations.
Origination Fees/Closing Costs
Agheritage Farm Credit Services Flca's average total fees were $5,499, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 29 | $8,345,000 | $287,759 |
| 6-7% | 10 | $2,930,000 | $293,000 |
| Over 8% | 3 | $1,165,000 | $388,333 |
During 2023, Agheritage Farm Credit Services Flca's average interest rate for loans was 7.58%, while their most frequently originated rate bucket for loans was 7-8%, with 29 originations.
Loan Sizing
2023 saw Agheritage Farm Credit Services Flca place emphasis on $200k-400k loans with 24 originations, totaling $6,770,000 in origination value.
Applicant Income
Agheritage Farm Credit Services Flca lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
Agheritage Farm Credit Services Flca lent most frequently to those with DTI ratios of <20%, with 23 originations. The next most common DTI ratio? 20-30%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.78%
Agheritage Farm Credit Services Flca has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.24%
Agheritage Farm Credit Services Flca 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 |
|---|---|---|---|
| NA | 42 | $12,440,000 | $296,190 |