Bank Ozk Mortgage Rates, Fees & Info
Little Rock, ARLEI: 549300VYK2WBD7SST478
Tax ID: 71-0130170
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Mortgage Data
Review & Overview
Bank Ozk is a smaller bank specializing in Home Improvement, Home Purchase, and Refi loans. Bank Ozk has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Charlotte, Atlanta, Little Rock, North Port, and Dallas among others. We have data for 81 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Ozk has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bank Ozk 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.84% | 4/5/25 |
| 30 Year Conventional Purchase | 7.07% | 4/5/25 |
| 30 Year Conventional Refi | 7.00% | 4/5/25 |
| 30 Year Cash-out Refi | 6.82% | 4/5/25 |
| 30 Year FHA Purchase | 7.10% | 4/5/25 |
| 30 Year FHA Refi | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 6.31% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 6.84% | 4/5/25 |
| 15 Year Conventional Purchase | 6.94% | 4/5/25 |
| 15 Year Conventional Refi | 6.74% | 4/5/25 |
| 15 Year Cash-out Refi | 6.74% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Bank Ozk Mortgage Calculator
Your Estimates
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This is not an official calculator from Bank Ozk. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,840Origination Dollar Volume (All Markets)
$397,410,000Awards
Bank OZK - 2024
Bank OZK is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Bank Ozk's average 30 year fixed mortgage rate was
6.33%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.22%.
Relative Fees (Closing Costs)
Bank Ozk's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,259.
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 $8,356.
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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 55 | $63,715,000 | $1,158,455 | $3,401 | 6.87% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 395 | $57,195,000 | $144,797 | $4,385 | 6.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 243 | $42,665,000 | $175,576 | $4,998 | 6.76% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 134 | $25,220,000 | $188,209 | $11,451 | 6.51% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 48 | $23,700,000 | $493,750 | $5,897 | 7.49% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 114 | $22,660,000 | $198,772 | $3,993 | 6.39% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 96 | $21,850,000 | $227,604 | $7,478 | 6.46% |
| Outside of Metro Areas | 125 | $17,435,000 | $139,480 | $3,836 | 6.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 25 | $11,145,000 | $445,800 | $9,754 | 6.76% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $10,735,000 | $10,735,000 | $0 | 8.32% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 49 | $8,305,000 | $169,490 | $3,335 | 7.44% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 47 | $6,085,000 | $129,468 | $4,338 | 6.60% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 60 | $5,630,000 | $93,833 | $3,044 | 6.70% |
| Russellville, AR (FHA|USDA|VA) | 37 | $4,885,000 | $132,027 | $3,244 | 6.48% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 24 | $4,340,000 | $180,833 | $6,180 | 7.11% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $3,925,000 | $3,925,000 | $0 | 8.85% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 11 | $3,795,000 | $345,000 | $0 | 6.40% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $3,770,000 | $1,885,000 | $0 | 7.50% |
| Shelby, NC (FHA|USDA|VA) | 33 | $3,605,000 | $109,242 | $1,656 | 6.67% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $3,430,000 | $857,500 | $0 | 8.59% |
| GAINESVILLE, GA (FHA|USDA|VA) | 14 | $3,160,000 | $225,714 | $10,119 | 6.32% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $2,905,000 | $2,905,000 | $0 | 8.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $2,795,000 | $310,556 | $7,123 | 7.89% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 14 | $2,670,000 | $190,714 | $0 | 6.69% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 13 | $2,495,000 | $191,923 | $0 | 6.68% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 35 | $2,225,000 | $63,571 | $0 | 6.55% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 15 | $2,215,000 | $147,667 | $0 | 7.23% |
| VALDOSTA, GA (FHA|USDA|VA) | 26 | $2,070,000 | $79,615 | $1,548 | 6.93% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $2,030,000 | $253,750 | $0 | 6.52% |
| DALTON, GA (FHA|USDA|VA) | 15 | $2,005,000 | $133,667 | $2,214 | 6.85% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $1,955,000 | $1,955,000 | $0 | 8.50% |
| Jefferson, GA (FHA|USDA|VA) | 16 | $1,650,000 | $103,125 | $0 | 6.63% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,585,000 | $1,585,000 | $11,891 | 6.50% |
| Malvern, AR (FHA|USDA|VA) | 20 | $1,490,000 | $74,500 | $3,419 | 7.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $0 | 7.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $4,321 | 6.87% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 5.99% |
| ROME, GA (FHA|USDA|VA) | 11 | $1,185,000 | $107,727 | $0 | 6.66% |
| Mountain Home, AR (FHA|USDA|VA) | 12 | $1,090,000 | $90,833 | $2,179 | 6.54% |
| JONESBORO, AR (FHA|USDA|VA) | 7 | $1,075,000 | $153,571 | $2,885 | 7.19% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 7.56% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $970,000 | $97,000 | $0 | 6.62% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $945,000 | $135,000 | $0 | 6.78% |
| OCALA, FL (FHA|USDA|VA) | 10 | $890,000 | $89,000 | $0 | 6.39% |
| Calhoun, GA (FHA|USDA|VA) | 8 | $770,000 | $96,250 | $3,881 | 6.41% |
| Harrison, AR (FHA|USDA|VA) | 11 | $765,000 | $69,545 | $1,475 | 6.91% |
| Mount Airy, NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 8.73% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $5,425 | 5.94% |
| Bainbridge, GA (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $2,892 | 6.67% |
| Forrest City, AR (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 8.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,939 | 6.18% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 5.99% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 7.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 8.00% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 8.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 5.99% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 7.67% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $1,107 | 7.33% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 7.08% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,101 | 6.99% |
| Arcadia, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 7.25% |
| Hope, AR (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $3,379 | 6.03% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,984 | 6.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 5.99% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.89% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,663 | 6.25% |
| Brevard, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.99% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,086 | 5.88% |
| TYLER, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,120 | 5.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,141 | 6.49% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,636 | 5.75% |
| PINE BLUFF, AR (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 9.18% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 6.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.99% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.99% |
| Forest City, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.99% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.50% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 10.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bank OZK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, Bank Ozk's most frequently originated type of loan was HELOC, with 1,314 originations. Their 2nd most popular type was Conventional, with 508 originations.
Loan Reason
For 2024, Bank Ozk's most frequently cited loan purpose was Home Improvement, with 776 originations. The 2nd most popular reason was Home Purchase, with 411 originations.
Loan Duration/Length
For 2024, Bank Ozk's most frequently cited loan duration was 30 Year, with 1,413 originations. The 2nd most popular length was 5 Year, with 231 originations.
Origination Fees/Closing Costs
Bank Ozk's average total fees were $5,259, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 100 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,126 | $141,730,000 | $125,870 |
| Over 8% | 282 | $115,170,000 | $408,404 |
| 6-7% | 219 | $42,825,000 | $195,548 |
| 7-8% | 213 | $97,685,000 | $458,615 |
During 2024, Bank Ozk's average interest rate for loans was 6.33%, while their most frequently originated rate bucket for loans was 5-6%, with 1,126 originations.
Loan Sizing
2024 saw Bank Ozk place emphasis on $100,000 or less loans with 862 originations, totaling $46,830,000 in origination value.
Applicant Income
Bank Ozk lent most frequently to those with incomes in the $100k-150k range, with 381 originations. The second most popular income band? $150k-250k, with 315 originations.
Applicant Debt to Income Ratio
Bank Ozk lent most frequently to those with DTI ratios of 20-30%, with 418 originations. The next most common DTI ratio? 30-36%, with 291 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.46%
Bank Ozk has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination69.57%
Bank Ozk has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,840 | $397,410,000 | $215,984 |