First Service Bank Mortgage Rates, Fees & Info
Greenbrier, ARLEI: 549300W2LKZKSX67ZU02
Tax ID: 71-0336112
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Mortgage Data
Review & Overview
First Service Bank is a smaller bank specializing in Home Purchase loans. First Service Bank has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Hot Springs, Fayetteville, Memphis, and Mountain Home among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)First Service Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
197Origination Dollar Volume (All Markets)
$44,435,000Top 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 |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 134 | $31,330,000 | $233,806 | $0 | 0.00% |
| Outside of Metro Areas | 44 | $5,120,000 | $116,364 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 9 | $4,095,000 | $455,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $2,575,000 | $2,575,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Russellville, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 197 | $44,435,000 | $225,558 | $0 | 0.00% |
For 2023, First Service Bank's most frequently originated type of loan was Conventional, with 197 originations.
Loan Reason
For 2023, First Service Bank's most frequently cited loan purpose was Home Purchase, with 153 originations. The 2nd most popular reason was Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 197 | $44,435,000 | $225,558 | $0 | 0.00% |
For 2023, First Service Bank's most frequently cited loan duration was Other, with 197 originations.
Loan Sizing
2023 saw First Service Bank place emphasis on $100k-200k loans with 81 originations, totaling $11,865,000 in origination value.
Applicant Income
First Service Bank lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 197 | $44,435,000 | $225,558 | $0 | 0.00% |
First Service Bank lent most frequently to those with DTI ratios of Exempt%, with 197 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.58%
First Service Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.11%
First Service Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 197 | $44,435,000 | $225,558 |