Bank Ozk Mortgage Rates, Fees & Info

Little Rock, AR

LEI: 549300VYK2WBD7SST478

Tax ID: 71-0130170

5 stars - Updated: 2/25/24 - out of 5 stars, based on 35 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Bank Ozk is a smaller bank specializing in Home Purchase and Refi loans. Bank Ozk has a high proportion of conventional loans. Their top markets by origination volume include: Tampa, Little Rock, Atlanta, Winston, and Charlotte among others. We have data for 85 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 2/25/24
30 Year Conventional Purchase 7.04% 2/25/24
30 Year Conventional Refi 7.33% 2/25/24
15 Year Conventional Purchase 7.13% 2/25/24
15 Year Conventional Refi 6.84% 2/25/24
15 Year Cash-out Refi 6.84% 2/25/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

1,193

Origination Dollar Volume (All Markets)

$378,925,000

Relative Rate

Bank Ozk's average 30 year fixed mortgage rate was 5.22%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.46%.

Relative Fees (Closing Costs)

Bank Ozk's average total fees/closing costs for a 30 year fixed rate mortgage were $4,124.

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 $4,750.

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
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 100 $46,400,000 $464,000 $4,205 5.56%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 158 $31,050,000 $196,519 $2,740 5.16%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 148 $27,510,000 $185,878 $2,955 5.75%
WINSTON-SALEM, NC (FHA|USDA|VA) 55 $21,635,000 $393,364 $2,425 5.18%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 48 $21,080,000 $439,167 $3,005 5.57%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 74 $20,780,000 $280,811 $4,355 4.93%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $14,770,000 $1,846,250 $0 5.23%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 13 $14,645,000 $1,126,538 $9,434 4.86%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 10 $14,370,000 $1,437,000 $6,900 4.86%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 34 $13,230,000 $389,118 $2,111 5.34%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 62 $12,980,000 $209,355 $6,725 5.83%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $11,550,000 $2,887,500 $23,553 5.66%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 14 $11,020,000 $787,143 $0 5.50%
JONESBORO, AR (FHA|USDA|VA) 1 $9,905,000 $9,905,000 $0 3.75%
FORT SMITH, AR-OK (FHA|USDA|VA) 51 $9,705,000 $190,294 $1,528 5.39%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 36 $9,140,000 $253,889 $3,352 5.39%
HOT SPRINGS, AR (FHA|USDA|VA) 22 $7,690,000 $349,545 $815 5.09%
Outside of Metro Areas 61 $6,185,000 $101,393 $2,154 5.98%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $5,780,000 $578,000 $6,568 5.55%
Shelby, NC (FHA|USDA|VA) 36 $5,580,000 $155,000 $1,738 5.64%
VALDOSTA, GA (FHA|USDA|VA) 9 $5,095,000 $566,111 $2,600 5.22%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 15 $4,075,000 $271,667 $4,648 6.04%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $3,935,000 $3,935,000 $0 4.25%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 11 $3,815,000 $346,818 $0 6.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $3,695,000 $3,695,000 $0 5.00%
Milledgeville, GA (FHA|USDA|VA) 1 $3,255,000 $3,255,000 $0 5.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $2,605,000 $2,605,000 $0 6.25%
Boone, NC (FHA|USDA|VA) 2 $2,470,000 $1,235,000 $0 4.31%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $2,185,000 $437,000 $0 5.65%
PUNTA GORDA, FL (FHA|USDA|VA) 13 $2,055,000 $158,077 $4,397 5.70%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $1,965,000 $178,636 $0 6.25%
Malvern, AR (FHA|USDA|VA) 20 $1,830,000 $91,500 $1,799 5.73%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $1,700,000 $425,000 $0 7.50%
PINE BLUFF, AR (FHA|USDA|VA) 9 $1,505,000 $167,222 $0 5.16%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 9 $1,435,000 $159,444 $2,283 6.21%
Russellville, AR (FHA|USDA|VA) 7 $1,395,000 $199,286 $1,237 6.02%
WARNER ROBINS, GA (FHA|USDA|VA) 12 $1,270,000 $105,833 $0 7.09%
Mount Airy, NC (FHA|USDA|VA) 3 $1,255,000 $418,333 $0 5.64%
ASHEVILLE, NC (FHA|USDA|VA) 5 $1,215,000 $243,000 $0 5.90%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $1,130,000 $565,000 $0 5.25%
THE VILLAGES, FL (FHA|USDA|VA) 2 $1,120,000 $560,000 $0 4.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $945,000 $945,000 $0 7.00%
OCALA, FL (FHA|USDA|VA) 12 $860,000 $71,667 $4,671 5.38%
GAINESVILLE, GA (FHA|USDA|VA) 3 $735,000 $245,000 $4,395 5.42%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $730,000 $365,000 $0 6.66%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $705,000 $705,000 $0 7.25%
Mountain Home, AR (FHA|USDA|VA) 8 $630,000 $78,750 $1,505 5.45%
Harrison, AR (FHA|USDA|VA) 13 $625,000 $48,077 $1,514 5.32%
TEXARKANA, TX-AR (FHA|USDA|VA) 4 $590,000 $147,500 $0 4.36%
Morehead City, NC (FHA|USDA|VA) 2 $580,000 $290,000 $0 6.50%
Seneca, SC (FHA|USDA|VA) 1 $555,000 $555,000 $0 6.25%
Clewiston, FL (FHA|USDA|VA) 1 $515,000 $515,000 $0 6.60%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $500,000 $250,000 $0 7.65%
Albemarle, NC (FHA|USDA|VA) 2 $470,000 $235,000 $0 4.95%
Forest City, NC (FHA|USDA|VA) 4 $460,000 $115,000 $2,744 5.54%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $425,000 $425,000 $0 4.75%
GAINESVILLE, FL (FHA|USDA|VA) 2 $420,000 $210,000 $4,783 5.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $415,000 $415,000 $5,539 4.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $375,000 $125,000 $0 4.50%
GREENVILLE, NC (FHA|USDA|VA) 1 $365,000 $365,000 $0 4.75%
Searcy, AR (FHA|USDA|VA) 3 $275,000 $91,667 $0 5.23%
WACO, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.75%
JOPLIN, MO (FHA|USDA|VA) 2 $260,000 $130,000 $0 4.28%
WILMINGTON, NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.00%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $230,000 $115,000 $0 5.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $230,000 $115,000 $0 6.08%
SAVANNAH, GA (FHA|USDA|VA) 2 $220,000 $110,000 $3,313 5.50%
Jefferson, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.60%
DALTON, GA (FHA|USDA|VA) 3 $205,000 $68,333 $638 4.55%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $190,000 $95,000 $3,195 5.55%
GOLDSBORO, NC (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $180,000 $90,000 $1,413 5.50%
COLUMBIA, SC (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.30%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.60%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $150,000 $75,000 $3,609 5.24%
LaGrange, GA-AL (FHA|USDA|VA) 2 $140,000 $70,000 $0 4.98%
BRUNSWICK, GA (FHA|USDA|VA) 2 $140,000 $70,000 $2,121 4.17%
Batesville, AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.05%
Hope, AR (FHA|USDA|VA) 3 $85,000 $28,333 $338 5.10%
Cornelia, GA (FHA|USDA|VA) 2 $80,000 $40,000 $0 6.90%
Bainbridge, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.05%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.65%
Arcadia, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.50%
Arkadelphia, AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.30%
Rockingham, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.75%
Bank Ozk's top markets include Tampa, Little Rock, Atlanta, Winston, and Charlotte among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 758 $320,850,000 $423,285 $3,460 5.21%
    HELOC 435 $58,075,000 $133,506 n/a 5.99%

    For 2022, Bank Ozk's most frequently originated type of loan was Conventional, with 758 originations. Their 2nd most popular type was HELOC, with 435 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 628 $258,930,000 $412,309 $3,989 5.33%
    Home Improvement 262 $25,920,000 $98,931 $1,213 6.04%
    Refi 224 $85,190,000 $380,313 $2,705 5.20%
    Other 79 $8,885,000 $112,468 $1,567 5.89%

    For 2022, Bank Ozk's most frequently cited loan purpose was Home Purchase, with 628 originations. The 2nd most popular reason was Home Improvement, with 262 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 517 $100,955,000 $195,271 $1,547 5.88%
    5 Year 283 $152,775,000 $539,841 $542 4.87%
    30 Year 137 $34,405,000 $251,131 $4,124 5.22%
    10 Year 99 $43,335,000 $437,727 $1,088 4.88%
    3 Year 81 $30,245,000 $373,395 $0 6.16%
    1 Year 40 $12,780,000 $319,500 $0 6.32%
    20 Year 19 $2,505,000 $131,842 $1,656 5.04%
    15 Year 17 $1,925,000 $113,235 $1,799 5.40%

    For 2022, Bank Ozk's most frequently cited loan duration was Other, with 517 originations. The 2nd most popular length was 5 Year, with 283 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 92 $12,910,000 $140,326
    $1k-2k 57 $11,175,000 $196,053
    $2k-3k 23 $7,675,000 $333,696
    $3k-4k 6 $3,050,000 $508,333
    $5k+ 3 $2,795,000 $931,667
    $4k-5k 2 $930,000 $465,000

    Bank Ozk's average total fees were $4,124, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 92 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 428 $159,790,000 $373,341
    6-7% 284 $67,380,000 $237,254
    5-6% 255 $65,965,000 $258,686
    7-8% 111 $20,395,000 $183,739
    3-4% 102 $60,460,000 $592,745
    Over 8% 12 $4,890,000 $407,500

    During 2022, Bank Ozk's average interest rate for loans was 5.22%, while their most frequently originated rate bucket for loans was 4-5%, with 428 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 498 $29,220,000 $58,675 $1,522 5.74%
    $100k-200k 297 $43,305,000 $145,808 $3,027 5.29%
    $200k-400k 195 $52,645,000 $269,974 $4,352 5.43%
    $400k-600k 87 $41,485,000 $476,839 $5,831 5.45%
    $1MM+ 67 $174,565,000 $2,605,448 $14,819 5.01%
    $600k-1MM 49 $37,705,000 $769,490 $6,672 5.22%

    2022 saw Bank Ozk place emphasis on $100,000 or less loans with 498 originations, totaling $29,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 137 $17,485,000 $127,628 $3,412 5.78%
    $150k-250k 123 $22,875,000 $185,976 $4,338 5.85%
    $50k-75k 120 $11,240,000 $93,667 $2,940 5.80%
    $50k or less 111 $8,505,000 $76,622 $2,407 5.53%
    $75k-100k 92 $9,480,000 $103,043 $3,237 5.87%
    $250k+ 61 $23,755,000 $389,426 $5,988 5.47%

    Bank Ozk lent most frequently to those with incomes in the $100k-150k range, with 137 originations. The second most popular income band? $150k-250k, with 123 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 211 $36,235,000 $171,730 $3,032 5.77%
    30-36% 137 $22,635,000 $165,219 $3,704 5.71%
    <20% 120 $15,880,000 $132,333 $2,491 5.59%
    42% 31 $4,535,000 $146,290 $3,290 5.79%
    39% 27 $5,645,000 $209,074 $3,859 5.61%
    40% 25 $4,115,000 $164,600 $4,231 5.69%
    37% 22 $3,100,000 $140,909 $3,574 5.81%
    >60% 20 $2,930,000 $146,500 $4,886 5.43%
    41% 20 $5,200,000 $260,000 $6,347 5.64%
    38% 18 $2,100,000 $116,667 $2,637 5.88%
    36% 17 $1,895,000 $111,471 $2,963 5.93%
    47% 6 $380,000 $63,333 $0 6.18%
    50-60% 4 $920,000 $230,000 $0 5.21%
    43% 4 $970,000 $242,500 $0 6.45%
    49% 2 $320,000 $160,000 $0 6.49%
    44% 1 $325,000 $325,000 $5,338 5.25%
    46% 1 $2,605,000 $2,605,000 $0 6.25%

    Bank Ozk lent most frequently to those with DTI ratios of 20-30%, with 211 originations. The next most common DTI ratio? 30-36%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 536 $271,880,000 $507,239 $0 5.20%
    White 523 $75,715,000 $144,771 $3,480 5.82%
    Not provided 71 $20,045,000 $282,324 $3,371 5.48%
    Black 46 $7,490,000 $162,826 $3,550 5.39%
    Asian 12 $3,300,000 $275,000 $3,550 4.88%
    Native Hawaiian or Islander 2 $200,000 $100,000 $1,844 4.48%
    Other Asian 1 $135,000 $135,000 $2,733 6.95%
    American Indian 1 $85,000 $85,000 $0 5.80%
    Asian Indian 1 $75,000 $75,000 $0 6.95%

    Approval Rates

    Total approvals of all applications
    64.97%

    Bank Ozk has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    75.78%

    Bank Ozk has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,193 $378,925,000 $317,624

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,193 $378,925,000 $317,624

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 172 $26,670,000 $155,058 $2,328 5.87%
    40-60% 154 $62,940,000 $408,701 $3,254 5.39%
    60-80% 368 $173,060,000 $470,272 $3,506 5.37%
    80-100% 267 $100,105,000 $374,925 $4,054 5.07%
    Under 20% 232 $16,150,000 $69,612 $964 5.98%