Bank Ozk Mortgage Rates, Fees & Info

Little Rock, AR

LEI: 549300VYK2WBD7SST478

Tax ID: 71-0130170

5 stars - Updated: 6/9/24 - out of 5 stars, based on 29 reviews

Latest/2023 | 2022 Data | 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: New York, Atlanta, Little Rock, Tampa, and Charlotte among others. We have data for 70 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 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.

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% 6/9/24
30 Year Conventional Purchase 7.04% 6/9/24
30 Year Conventional Refi 7.33% 6/9/24
15 Year Conventional Purchase 7.13% 6/9/24
15 Year Conventional Refi 6.84% 6/9/24
15 Year Cash-out Refi 6.84% 6/9/24
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

857

Origination Dollar Volume (All Markets)

$323,005,000

Awards

Bank OZK 30 Year Conventional Loans silver Bank OZK 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

Bank Ozk's average 30 year fixed mortgage rate was 7.56%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.08%.

Relative Fees (Closing Costs)

Bank Ozk's average total fees/closing costs for a 30 year fixed rate mortgage were $4,967.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $112,505,000 $112,505,000 $0 9.27%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 158 $28,140,000 $178,101 $4,220 8.12%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 94 $24,670,000 $262,447 $2,479 8.10%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 61 $18,265,000 $299,426 $5,591 7.91%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 34 $13,250,000 $389,706 $2,859 8.31%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 12 $13,010,000 $1,084,167 $7,401 8.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $9,350,000 $2,337,500 $0 8.81%
Outside of Metro Areas 66 $9,300,000 $140,909 $3,594 8.05%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 57 $7,945,000 $139,386 $5,387 7.97%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $7,275,000 $808,333 $0 8.96%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 9 $5,945,000 $660,556 $7,174 7.48%
WINSTON-SALEM, NC (FHA|USDA|VA) 28 $5,890,000 $210,357 $2,002 8.20%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 13 $5,265,000 $405,000 $6,549 8.15%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 29 $4,905,000 $169,138 $2,371 7.67%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $3,895,000 $1,298,333 $0 8.67%
GREENVILLE, NC (FHA|USDA|VA) 1 $3,845,000 $3,845,000 $0 8.25%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $3,525,000 $1,175,000 $0 8.58%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $3,255,000 $1,085,000 $0 8.42%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 29 $3,125,000 $107,759 $3,485 8.08%
FORT SMITH, AR-OK (FHA|USDA|VA) 29 $2,955,000 $101,897 $2,214 7.78%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $2,830,000 $353,750 $0 8.69%
COLUMBIA, SC (FHA|USDA|VA) 2 $2,680,000 $1,340,000 $0 7.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $2,580,000 $1,290,000 $26,862 7.38%
GAINESVILLE, GA (FHA|USDA|VA) 6 $1,850,000 $308,333 $3,170 8.21%
HOT SPRINGS, AR (FHA|USDA|VA) 19 $1,615,000 $85,000 $0 8.34%
Shelby, NC (FHA|USDA|VA) 18 $1,560,000 $86,667 $1,896 8.05%
Arkadelphia, AR (FHA|USDA|VA) 5 $1,525,000 $305,000 $2,009 8.15%
RICHMOND, VA (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 8.75%
ASHEVILLE, NC (FHA|USDA|VA) 3 $1,215,000 $405,000 $0 9.42%
Russellville, AR (FHA|USDA|VA) 14 $1,210,000 $86,429 $1,621 8.22%
SAVANNAH, GA (FHA|USDA|VA) 9 $1,165,000 $129,444 $3,306 7.38%
PUNTA GORDA, FL (FHA|USDA|VA) 8 $1,160,000 $145,000 $0 7.80%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $1,050,000 $131,250 $0 7.93%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,045,000 $149,286 $7,722 7.96%
BURLINGTON, NC (FHA|USDA|VA) 3 $1,015,000 $338,333 $0 8.63%
Malvern, AR (FHA|USDA|VA) 17 $895,000 $52,647 $2,049 8.04%
Milledgeville, GA (FHA|USDA|VA) 1 $855,000 $855,000 $0 8.75%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $815,000 $271,667 $3,253 8.04%
WILMINGTON, NC (FHA|USDA|VA) 2 $740,000 $370,000 $0 7.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $735,000 $735,000 $0 9.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $725,000 $725,000 $8,677 7.75%
DALTON, GA (FHA|USDA|VA) 7 $725,000 $103,571 $0 8.04%
PINE BLUFF, AR (FHA|USDA|VA) 3 $695,000 $231,667 $0 8.67%
Mountain Home, AR (FHA|USDA|VA) 9 $605,000 $67,222 $0 7.91%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 4 $570,000 $142,500 $3,690 8.19%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $545,000 $181,667 $0 8.00%
Cornelia, GA (FHA|USDA|VA) 2 $530,000 $265,000 $0 8.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $425,000 $425,000 $0 8.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $415,000 $415,000 $0 8.50%
Harrison, AR (FHA|USDA|VA) 7 $375,000 $53,571 $1,594 8.21%
TEXARKANA, TX-AR (FHA|USDA|VA) 5 $325,000 $65,000 $0 8.25%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.00%
OCALA, FL (FHA|USDA|VA) 3 $275,000 $91,667 $0 8.25%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.33%
VALDOSTA, GA (FHA|USDA|VA) 5 $255,000 $51,000 $3,691 7.84%
Forest City, NC (FHA|USDA|VA) 4 $220,000 $55,000 $1,261 8.24%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.25%
JONESBORO, AR (FHA|USDA|VA) 2 $190,000 $95,000 $0 7.88%
Calhoun, GA (FHA|USDA|VA) 2 $170,000 $85,000 $0 7.98%
ROME, GA (FHA|USDA|VA) 2 $130,000 $65,000 $0 8.25%
BRUNSWICK, GA (FHA|USDA|VA) 3 $125,000 $41,667 $2,717 8.25%
Arcadia, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.00%
Dayton, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.25%
Bainbridge, GA (FHA|USDA|VA) 2 $100,000 $50,000 $1,563 7.98%
GAINESVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $2,428 7.75%
Gaffney, SC (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.25%
Jefferson, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,342 8.00%
Bank Ozk's top markets include New York, Atlanta, Little Rock, Tampa, and Charlotte among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 485 $74,485,000 $153,577 n/a 8.07%
    Conventional 372 $248,520,000 $668,065 $3,772 8.10%

    For 2023, Bank Ozk's most frequently originated type of loan was HELOC, with 485 originations. Their 2nd most popular type was Conventional, with 372 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 335 $150,735,000 $449,955 $4,891 8.19%
    Home Improvement 289 $24,285,000 $84,031 $2,192 8.08%
    Refi 130 $139,820,000 $1,075,538 $2,021 7.97%
    Other 103 $8,165,000 $79,272 $2,318 7.88%

    For 2023, Bank Ozk's most frequently cited loan purpose was Home Purchase, with 335 originations. The 2nd most popular reason was Home Improvement, with 289 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 450 $97,420,000 $216,489 $1,285 8.09%
    30 Year 172 $31,450,000 $182,849 $4,967 7.56%
    5 Year 89 $29,515,000 $331,629 $1,450 8.54%
    3 Year 58 $136,800,000 $2,358,621 $848 8.32%
    1 Year 35 $21,435,000 $612,429 $0 9.11%
    10 Year 20 $3,080,000 $154,000 $1,475 8.28%
    20 Year 19 $2,255,000 $118,684 $2,182 8.17%
    15 Year 14 $1,050,000 $75,000 $1,913 7.13%

    For 2023, Bank Ozk's most frequently cited loan duration was Other, with 450 originations. The 2nd most popular length was 30 Year, with 172 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 75 $4,325,000 $57,667
    $1k-2k 30 $5,080,000 $169,333
    $3k-4k 15 $5,675,000 $378,333
    $2k-3k 11 $2,905,000 $264,091
    $4k-5k 8 $4,070,000 $508,750
    $5k+ 4 $4,410,000 $1,102,500

    Bank Ozk's average total fees were $4,967, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 75 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 453 $253,075,000 $558,664
    7-8% 341 $57,235,000 $167,845
    6-7% 53 $11,725,000 $221,226
    5-6% 7 $885,000 $126,429
    4-5% 3 $85,000 $28,333

    During 2023, Bank Ozk's average interest rate for loans was 7.56%, while their most frequently originated rate bucket for loans was Over 8%, with 453 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 453 $23,675,000 $52,263 $1,765 8.00%
    $100k-200k 172 $24,050,000 $139,826 $3,466 8.04%
    $200k-400k 117 $32,395,000 $276,880 $6,094 8.19%
    $1MM+ 46 $201,860,000 $4,388,261 $19,617 8.53%
    $400k-600k 40 $19,070,000 $476,750 $8,025 8.09%
    $600k-1MM 29 $21,955,000 $757,069 $9,935 8.44%

    2023 saw Bank Ozk place emphasis on $100,000 or less loans with 453 originations, totaling $23,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 126 $16,440,000 $130,476 $5,143 7.89%
    $75k-100k 113 $9,755,000 $86,327 $2,741 8.00%
    $50k or less 102 $6,660,000 $65,294 $2,227 7.60%
    $50k-75k 100 $7,620,000 $76,200 $2,593 7.83%
    $150k-250k 94 $14,780,000 $157,234 $5,063 8.04%
    $250k+ 51 $16,685,000 $327,157 $9,110 7.95%

    Bank Ozk lent most frequently to those with incomes in the $100k-150k range, with 126 originations. The second most popular income band? $75k-100k, with 113 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 159 $14,365,000 $90,346 $2,957 7.88%
    30-36% 149 $16,535,000 $110,973 $2,960 7.87%
    <20% 90 $9,230,000 $102,556 $2,550 8.04%
    42% 42 $5,880,000 $140,000 $4,743 7.80%
    39% 33 $4,625,000 $140,152 $5,079 7.76%
    38% 23 $6,085,000 $264,565 $8,354 7.74%
    41% 22 $3,930,000 $178,636 $5,427 7.63%
    37% 21 $1,695,000 $80,714 $3,701 7.84%
    36% 19 $1,945,000 $102,368 $3,335 7.63%
    40% 15 $2,205,000 $147,000 $4,454 7.85%
    43% 13 $2,105,000 $161,923 $6,325 8.13%
    >60% 10 $1,720,000 $172,000 $2,521 8.38%
    50-60% 7 $1,135,000 $162,143 $1,171 8.28%
    45% 1 $95,000 $95,000 $2,576 6.38%

    Bank Ozk lent most frequently to those with DTI ratios of 20-30%, with 159 originations. The next most common DTI ratio? 30-36%, with 149 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 253 $249,095,000 $984,565 $0 8.57%
    White 479 $53,655,000 $112,015 $3,273 7.91%
    Not provided 80 $12,560,000 $157,000 $5,635 7.96%
    Black 38 $6,840,000 $180,000 $4,828 7.26%
    Asian 3 $415,000 $138,333 $0 7.75%
    Asian Indian 2 $160,000 $80,000 $0 8.33%
    Other Asian 1 $155,000 $155,000 $4,176 7.38%
    American Indian 1 $125,000 $125,000 $2,675 6.25%

    Approval Rates

    Total approvals of all applications
    58.60%

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

    Pick Rate

    Approvals leading to origination
    70.83%

    Bank Ozk has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 857 $323,005,000 $376,902

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    857 $323,005,000 $376,902

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 163 $20,995,000 $128,804 $2,025 7.96%
    40-60% 108 $52,880,000 $489,630 $4,565 8.19%
    60-80% 169 $180,665,000 $1,069,024 $4,515 8.32%
    80-100% 138 $51,020,000 $369,710 $4,808 7.96%
    Under 20% 279 $17,445,000 $62,527 $1,042 8.02%