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 Refi loans. Agheritage Farm Credit Services Flca has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Searcy, Fayetteville, Jonesboro, and Pine Bluff among others. We have data for 6 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 a low 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 about average rates.
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Originations
45Origination Dollar Volume (All Markets)
$9,415,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 22 | $4,320,000 | $196,364 | $3,900 | 4.86% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 17 | $3,395,000 | $199,706 | $4,355 | 5.10% |
| Searcy, AR (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $6,542 | 4.77% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $6,508 | 4.25% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,174 | 5.60% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,070 | 6.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $9,415,000 | $209,222 | $4,292 | 4.97% |
For 2019, Agheritage Farm Credit Services Flca's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
For 2019, Agheritage Farm Credit Services Flca's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
For 2019, Agheritage Farm Credit Services Flca's most frequently cited loan duration was 30 Year, with 20 originations. The 2nd most popular length was 20 Year, with 9 originations.
Origination Fees/Closing Costs
Agheritage Farm Credit Services Flca's average total fees were $3,876, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 16 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 26 | $6,190,000 | $238,077 |
| 5-6% | 17 | $2,905,000 | $170,882 |
| 3-4% | 1 | $125,000 | $125,000 |
| 6-7% | 1 | $195,000 | $195,000 |
During 2019, Agheritage Farm Credit Services Flca's average interest rate for loans was 5.06%, while their most frequently originated rate bucket for loans was 4-5%, with 26 originations.
Loan Sizing
2019 saw Agheritage Farm Credit Services Flca place emphasis on $200k-400k loans with 18 originations, totaling $4,760,000 in origination value.
Applicant Income
Agheritage Farm Credit Services Flca lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
Agheritage Farm Credit Services Flca lent most frequently to those with DTI ratios of <20%, with 12 originations. The next most common DTI ratio? 20-30%, with 12 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 44 | $9,200,000 | $209,091 | $4,256 | 4.97% |
| Not applicable | 1 | $215,000 | $215,000 | $5,847 | 5.10% |
Approval Rates
Total approvals of all applications98.00%
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 origination91.11%
Agheritage Farm Credit Services Flca has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 45 | $9,415,000 | $209,222 |