Malvern National Bank Mortgage Rates, Fees & Info
Malvern, ARLEI: 549300W6GQTN13GWDQ17
Tax ID: 71-0113421
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Malvern National Bank is a smaller bank specializing in Home Purchase loans. Malvern National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Hot Springs, Sevierville, Daphne, and Malvern among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Malvern National Bank has an 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
42Origination Dollar Volume (All Markets)
$8,490,000Top 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) | 22 | $3,650,000 | $165,909 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 10 | $1,930,000 | $193,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 0.00% |
| Malvern, AR (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $120,000 | $60,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $8,490,000 | $202,143 | $0 | 0.00% |
For 2023, Malvern National Bank's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
For 2023, Malvern National Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Other, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $8,490,000 | $202,143 | $0 | 0.00% |
For 2023, Malvern National Bank's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2023 saw Malvern National Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,225,000 in origination value.
Applicant Income
Malvern National Bank lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $8,490,000 | $202,143 | $0 | 0.00% |
Malvern National Bank lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.00%
Malvern National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination85.71%
Malvern National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $8,490,000 | $202,143 |