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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 7.04% | 4/21/24 |
| 30 Year Conventional Refi | 7.33% | 4/21/24 |
| 15 Year Conventional Purchase | 7.13% | 4/21/24 |
| 15 Year Conventional Refi | 6.84% | 4/21/24 |
| 15 Year Cash-out Refi | 6.84% | 4/21/24 |
| 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
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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
857Origination Dollar Volume (All Markets)
$323,005,000Awards
Bank OZK - 2023
Bank OZK is a 2023 , due to their low .
For 2023, 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
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% |
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 |
|---|---|---|---|---|---|
| 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
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
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
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
2023 saw Bank Ozk place emphasis on $100,000 or less loans with 453 originations, totaling $23,675,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications58.60%
Bank Ozk has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination70.83%
Bank Ozk has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 857 | $323,005,000 | $376,902 |