Malvern National Bank Mortgage Rates, Fees & Info

Malvern, AR

LEI: 549300W6GQTN13GWDQ17

Tax ID: 71-0113421

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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, Crestview, Malvern, Hot Springs, and Pine Bluff among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Malvern National 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

63

Origination Dollar Volume (All Markets)

$14,265,000

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
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 28 $7,860,000 $280,714 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,535,000 $2,535,000 $0 0.00%
Malvern, AR (FHA|USDA|VA) 20 $1,660,000 $83,000 $0 0.00%
HOT SPRINGS, AR (FHA|USDA|VA) 9 $1,455,000 $161,667 $0 0.00%
Outside of Metro Areas 1 $275,000 $275,000 $0 0.00%
PINE BLUFF, AR (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Magnolia, AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Russellville, AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Malvern National Bank's top markets include Little Rock, Crestview, Malvern, Hot Springs, and Pine Bluff among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 63 $14,265,000 $226,429 $0 0.00%

    For 2019, Malvern National Bank's most frequently originated type of loan was Conventional, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $11,685,000 $333,857 $0 0.00%
    Refi 21 $2,335,000 $111,190 $0 0.00%
    Home Improvement 6 $220,000 $36,667 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2019, Malvern National Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 63 $14,265,000 $226,429 $0 0.00%

    For 2019, Malvern National Bank's most frequently cited loan duration was Other, with 63 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 33 $1,615,000 $48,939 $0 0.00%
    $100k-200k 17 $2,465,000 $145,000 $0 0.00%
    $200k-400k 6 $1,720,000 $286,667 $0 0.00%
    $1MM+ 4 $7,090,000 $1,772,500 $0 0.00%
    $400k-600k 3 $1,375,000 $458,333 $0 0.00%

    2019 saw Malvern National Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $715,000 $65,000 $0 0.00%
    $50k-75k 8 $280,000 $35,000 $0 0.00%
    $75k-100k 8 $1,420,000 $177,500 $0 0.00%
    $100k-150k 6 $340,000 $56,667 $0 0.00%
    $150k-250k 6 $770,000 $128,333 $0 0.00%
    $250k+ 5 $855,000 $171,000 $0 0.00%

    Malvern National Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 63 $14,265,000 $226,429 $0 0.00%

    Malvern National Bank lent most frequently to those with DTI ratios of Exempt%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 18 $9,530,000 $529,444 $0 0.00%
    White 43 $4,315,000 $100,349 $0 0.00%
    Black 2 $420,000 $210,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.48%

    Malvern National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.37%

    Malvern National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 63 $14,265,000 $226,429

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $5,885,000 $840,714
    Single Family (1-4 Units):Manufactured 6 $340,000 $56,667
    Single Family (1-4 Units):Site-Built 50 $8,040,000 $160,800