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, Jonesboro, Pensacola, and Oklahoma City among others. We have data for 12 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
174Origination Dollar Volume (All Markets)
$44,530,000Top 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) | 117 | $28,325,000 | $242,094 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 7 | $4,785,000 | $683,571 | $0 | 0.00% |
| Outside of Metro Areas | 35 | $3,605,000 | $103,000 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 3 | $1,945,000 | $648,333 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $1,935,000 | $1,935,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 172 | $44,020,000 | $255,930 | $0 | 0.00% |
| VA | 2 | $510,000 | $255,000 | $0 | 0.00% |
For 2022, First Service Bank's most frequently originated type of loan was Conventional, with 172 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2022, First Service Bank's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 174 | $44,530,000 | $255,920 | $0 | 0.00% |
For 2022, First Service Bank's most frequently cited loan duration was Other, with 174 originations.
Loan Sizing
2022 saw First Service Bank place emphasis on $100k-200k loans with 70 originations, totaling $10,030,000 in origination value.
Applicant Income
First Service Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $100k-150k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 174 | $44,530,000 | $255,920 | $0 | 0.00% |
First Service Bank lent most frequently to those with DTI ratios of Exempt%, with 174 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.02%
First Service Bank has an average approval rate.
Pick Rate
Approvals leading to origination71.84%
First Service Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 174 | $44,530,000 | $255,920 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |