FORT SMITH Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Fort Smith averaged 5.65% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.52% and one month ago for the week of 2022-04-07, the average rate was 4.87%.

Fort Smith's average rate one year ago was 2.99%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.19%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Fort Smith 30 Year Fixed Rate 2022-05-12 5.65%
Fort Smith 30 Year Fixed Rate Refi 2022-05-12 5.19%
Fort Smith 15 Year Fixed Rate 2022-05-12 5.17%
Fort Smith 15 Year Fixed Rate Refi 2022-05-12 4.82%
Fort Smith 30 Year FHA 2022-05-12 5.21%
Fort Smith 30 Year FHA Refi 2022-05-12 5.21%
Fort Smith 30 Year USDA 2022-05-12 5.15%
Fort Smith 30 Year USDA Refi 2022-05-12 4.91%
Fort Smith 30 Year VA 2022-05-12 5.48%
Fort Smith 30 Year VA Refi 2022-05-12 5.3%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within FORT SMITH, AR-OK.

FORT SMITH Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the FORT SMITH, AR-OK market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Arvest Bank 391 3.14% $3,049
Firstar Bank 244 2.93% $3,092
QUICKEN LOANS, LLC 210 3.19% $4,877
The First National Bank of Fort Smith 136 3.10% $2,436
UNITED 128 3.27% $3,148
BancorpSouth Bank 124 3.33% $2,587
Armstrong Bank 68 3.13% $2,863
First Financial Bank 63 3.08% $2,489
Bank of England 52 3.19% $2,812
SWBC MORTGAGE CORPORATION 49 3.22% $3,512
Regions Bank 48 3.23% $2,167
FIRST WESTERN MORTGAGE, INC. 43 2.97% $2,802
Chambers Bank 42 2.89% $2,608
Gateway First Bank 38 3.11% $2,275
LOANDEPOT.COM, LLC 36 3.11% $4,291
CALIBER HOME LOANS, INC. 33 3.10% $3,180
Simmons Bank 32 3.05% $2,615
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 30 3.16% $3,566
AMERISAVE MORTGAGE CORPORATION 29 3.02% $4,616
Centennial Bank 27 3.50% $3,111
ARKANSAS Federal Credit Union 23 2.80% $3,876
Wells Fargo Bank 22 3.15% $3,447
JPMorgan Chase Bank 19 3.21% $3,200
U.S. Bank 16 3.16% $2,267
Mr. Cooper ( Nationstar Mortgage ) 14 3.59% $5,110
PENNYMAC LOAN SERVICES, LLC 14 3.19% $4,073
DAS Acquisition Company, LLC 14 3.27% $2,963
BETTER MORTGAGE CORPORATION 13 2.83% $3,010
NAVY FEDERAL CREDIT UNION 13 3.52% $3,094
Generations Bank 13 3.12% $2,557
FirstTrust Home Loans, Inc. 13 2.93% $2,880
PRIMELENDING, A PLAINSCAPITAL COMPANY 12 3.33% $2,790
Eagle Bank and Trust Company 11 3.17% $2,288
KELLER MORTGAGE, LLC 11 3.06% $2,005
LEADERONE FINANCIAL CORPORATION 11 3.09% $3,032
CORNERSTONE HOME LENDING, INC. 10 3.19% $5,445
Priority Bank 10 2.96% $4,700
First Security Bank 10 3.08% $3,364
HOME POINT FINANCIAL CORPORATION 9 3.18% $2,103
UNITED WHOLESALE MORTGAGE, LLC 9 3.12% $5,610
Bank of America 9 3.18% $3,202
Farm Credit Services of Western Arkansas, ACA 8 4.32% $5,053
Carrington Mortgage Services, LLC 8 3.22% $3,249
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 2.92% $2,769
NEWREZ LLC 6 3.58% $3,194
Flagstar Bank, FSB 6 3.29% $3,374
ZILLOW HOME LOANS, LLC 5 3.30% $3,373
AMERICAN FINANCIAL NETWORK, INC. 5 3.20% $4,597
AMERICAN FINANCING CORPORATION 5 3.05% $4,362
BROKER SOLUTIONS, INC. 5 3.05% $5,543
Citizens Bank 5 3.15% $3,865
ENCORE BANK 5 2.90% $2,627
FLAT BRANCH MORTGAGE, INC. 5 3.05% $2,581
Wyndham Capital Mortgage, Inc. 5 3.53% $3,572
EVERETT FINANCIAL, INC. 4 3.56% $1,618
Truist Bank 4 3.12% $4,002
MORTGAGE ACCESS CORP. 4 3.22% $3,335
First United Bank and Trust Company 4 3.38% $3,993
Ally Bank 4 2.88% $2,908
BOKF 4 3.03% $2,963
UNION HOME MORTGAGE CORP. 4 3.09% $3,227
First Guaranty Mortgage Corporation 4 3.34% $3,478
GMFS LLC 4 3.03% $2,689
BancFirst 3 2.96% $4,451
ROYAL UNITED MORTGAGE LLC 3 3.83% $4,358
RUOFF MORTGAGE COMPANY, INC. 3 3.00% $2,650
NBKC BANK 3 3.42% $2,981
FREEDOM MORTGAGE CORPORATION 3 3.17% $4,145
United Fidelity Funding Corp. 3 3.33% $7,790
Bank OZK 2 3.60% $807
First Horizon Bank 2 3.13% $4,041
Sierra Pacific Mortgage Company, Inc. 2 3.00% $3,374
GUILD MORTGAGE COMPANY 2 2.94% $3,810
Plains Commerce Bank 2 3.19% $2,507
CHURCHILL MORTGAGE CORPORATION 2 3.13% $2,946
RCB Bank 2 3.19% $3,400
USAA Federal Savings Bank 2 3.19% $3,600
ASSOCIATED MORTGAGE CORPORATION 2 3.25% $4,185
PLAZA HOME MORTGAGE, INC. 2 3.12% $5,925
GUARANTEED RATE, INC. 2 3.06% $3,398
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.94% $4,029
OKLAHOMA'S 2 4.00% $3,359
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.63% $3,433
First Federal Bank of Kansas City 1 3.00% $2,960
OPEN MORTGAGE, LLC 1 3.13% $4,555
Origin Bank 1 3.25% $2,679
Paramount Residential Mortgage Group, Inc. 1 4.13% $4,100
Bank of Springfield 1 3.18% $1,659
PLANET HOME LENDING, LLC 1 3.25% $7,154
PNC Bank 1 3.00% $2,570
POLARIS HOME FUNDING CORP. 1 2.88% $4,809
Axos Bank 1 2.75% $963
Prosperity Bank 1 2.50% $3,067
PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.88% $4,839
ASSEMBLIES OF GOD Credit Union 1 2.63% $2,265
RELIANCE FIRST CAPITAL, LLC 1 3.63% $5,001
Servion, Inc. 1 3.38% $2,308
AmeriHome Mortgage Company, LLC 1 3.38% $3,841
SIRVA MORTGAGE, INC. 1 2.88% $0
Stifel Bank and Trust 1 2.38% $2,288
Stride Bank 1 3.13% $3,775
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.25% $3,143
AMERICAN INTERNET MORTGAGE, INC. 1 2.63% $2,722
American Bank of Oklahoma 1 2.88% $2,489
ALLIANT CREDIT UNION 1 3.00% $3,681
Alerus Financial 1 2.50% $336
WILLOW BEND MORTGAGE COMPANY, LLC 1 3.00% $3,030
FIRST COMMUNITY MORTGAGE, INC. 1 3.25% $3,446
First Federal Bank 1 3.00% $4,614
NBH Bank 1 3.37% $2,074
FIDELITY BANK 1 3.50% $3,448
First International Bank & Trust 1 5.00% $7,308
First National Bank 1 3.13% $4,416
FEDEX EMPLOYEES CREDIT ASSOCIATION 1 3.50% $3,360
FBC MORTGAGE, LLC 1 3.38% $2,962
First United Bank 1 4.00% $2,771
Farmers Bank & Trust Company 1 3.63% $2,729
ACADEMY MORTGAGE CORPORATION 1 3.25% $3,296
ENDEAVOR CAPITAL, LLC. 1 3.13% $3,605
Discover Bank 1 3.99% $0
GERSHMAN INVESTMENT CORP. 1 2.88% $3,500
Great Southern Bank 1 3.25% $6,406
COMMUNITY MORTGAGE CORPORATION 1 4.38% $2,626
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $7,741
Commerce Bank 1 3.13% $4,961
Hometown Lenders, Inc. 1 3.50% $3,122
City Bank 1 2.88% $2,904
Citibank 1 3.00% $2,820
LENDSURE MORTGAGE CORP. 1 4.88% $11,940
Chickasaw Community Bank 1 2.75% $2,718
Mabrey Bank 1 3.67% $3,428
Mid-Continent Funding, Inc. 1 2.88% $4,624
MORTGAGE CLEARING CORPORATION 1 2.50% $3,007
MORTGAGE FINANCIAL SERVICES, LLC 1 3.12% $2,929
Mortgage Research Center, LLC 1 2.75% $1,775
MORTGAGE SOLUTIONS LLC 1 2.75% $3,166
MOVEMENT MORTGAGE, LLC 1 3.19% $3,450

FORT SMITH, AR-OK's 137 lenders originated 8,007 loans during 2021. The total origination value was $1,405,395,000, with an average loan value of $175,521.

The top FORT SMITH lender as defined by loan originations is Arvest Bank, with 391 loans originated. Their average total fees are $3,049, which is $42 lower than the next largest lender, Firstar Bank.

The lowest fee FORT SMITH lenders (with over 10 loans originated) are KELLER MORTGAGE, LLC ($2,005), Regions Bank ($2,167), U.S. Bank ($2,267), Gateway First Bank ($2,275) and Eagle Bank and Trust Company ($2,288).

The lowest rate FORT SMITH lenders (with over 10 loans originated) are ARKANSAS Federal Credit Union (2.80%), BETTER MORTGAGE CORPORATION (2.83%), Chambers Bank (2.89%), FirstTrust Home Loans, Inc. (2.93%) and Firstar Bank (2.93%).

FORT SMITH, AR-OK Lender Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Arvest Bank $177,985,000 $192,385,000 8.1% 13.7%
Firstar Bank $100,580,000 $125,115,000 24.4% 8.9%
QUICKEN LOANS, LLC $71,680,000 $90,845,000 26.7% 6.5%
The First National Bank of Fort Smith $62,670,000 $67,475,000 7.7% 4.8%
Armstrong Bank $60,495,000 $61,980,000 2.5% 4.4%
Citizens' Bank & Trust Co. $51,320,000 $60,680,000 18.2% 4.3%
BancorpSouth Bank $49,105,000 $50,385,000 2.6% 3.6%
UNITED $47,600,000 $48,095,000 1.0% 3.4%
Chambers Bank $37,045,000 $35,585,000 -3.9% 2.5%
FREEDOM MORTGAGE CORPORATION $29,180,000 $27,320,000 -6.4% 1.9%
First Financial Bank $29,710,000 $27,065,000 -8.9% 1.9%
Mortgage Research Center, LLC $16,260,000 $26,865,000 65.2% 1.9%
U.S. Bank $8,375,000 $25,980,000 210.2% 1.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $15,630,000 $22,735,000 45.5% 1.6%
SWBC MORTGAGE CORPORATION $19,680,000 $22,435,000 14.0% 1.6%
Bank of England $16,980,000 $20,150,000 18.7% 1.4%
Regions Bank $25,130,000 $20,100,000 -20.0% 1.4%
Farmers Bank $14,455,000 $17,385,000 20.3% 1.2%
Gateway First Bank $23,800,000 $16,840,000 -29.2% 1.2%
First Security Bank $10,060,000 $16,395,000 63.0% 1.2%
LOANDEPOT.COM, LLC $6,945,000 $16,305,000 134.8% 1.2%
Generations Bank $13,525,000 $16,080,000 18.9% 1.1%
GREYSTONE SERVICING COMPANY LLC $3,435,000 $13,945,000 306.0% 1.0%
PENNYMAC LOAN SERVICES, LLC $5,365,000 $13,780,000 156.8% 1.0%
FIRST WESTERN MORTGAGE, INC. $20,970,000 $13,390,000 -36.1% 1.0%
Simmons Bank $14,185,000 $12,670,000 -10.7% 0.9%
CALIBER HOME LOANS, INC. $4,800,000 $12,425,000 158.9% 0.9%
AMERISAVE MORTGAGE CORPORATION $4,065,000 $11,570,000 184.6% 0.8%
First Western Bank $5,520,000 $11,425,000 107.0% 0.8%
ARKANSAS Federal Credit Union $10,075,000 $9,920,000 -1.5% 0.7%
Centennial Bank $11,355,000 $9,745,000 -14.2% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $6,450,000 $9,635,000 49.4% 0.7%
NAVY FEDERAL CREDIT UNION $5,370,000 $8,430,000 57.0% 0.6%
Wells Fargo Bank $7,095,000 $8,345,000 17.6% 0.6%
Bank OZK $5,220,000 $7,955,000 52.4% 0.6%
Grand Savings Bank $470,000 $7,915,000 1,584.0% 0.6%
FirstTrust Home Loans, Inc. $7,735,000 $7,315,000 -5.4% 0.5%
MID AMERICA MORTGAGE, INC. $5,800,000 $6,885,000 18.7% 0.5%
LEADERONE FINANCIAL CORPORATION $3,725,000 $6,715,000 80.3% 0.5%
Arbor Realty Trust, Inc. $6,585,000 n/a 0.5%
Priority Bank $8,700,000 $6,400,000 -26.4% 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,555,000 $6,225,000 75.1% 0.4%
USAA Federal Savings Bank $6,520,000 $5,890,000 -9.7% 0.4%
BETTER MORTGAGE CORPORATION $2,115,000 $4,805,000 127.2% 0.3%
Capital One $4,785,000 n/a 0.3%
DAS Acquisition Company, LLC $4,320,000 $4,635,000 7.3% 0.3%
Great Southern Bank $4,605,000 n/a 0.3%
CORNERSTONE HOME LENDING, INC. $3,150,000 $4,540,000 44.1% 0.3%
Chickasaw Community Bank $2,900,000 $4,365,000 50.5% 0.3%
UNITED WHOLESALE MORTGAGE, LLC $890,000 $4,335,000 387.1% 0.3%
LAKEVIEW LOAN SERVICING, LLC $2,495,000 $4,245,000 70.1% 0.3%
JPMorgan Chase Bank $4,330,000 $4,240,000 -2.1% 0.3%
Carrington Mortgage Services, LLC $2,490,000 $4,115,000 65.3% 0.3%
NEWREZ LLC $1,195,000 $3,870,000 223.8% 0.3%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,165,000 $3,800,000 226.2% 0.3%
NEW DAY FINANCIAL, LLC $7,065,000 $3,665,000 -48.1% 0.3%
HOME POINT FINANCIAL CORPORATION $1,285,000 $3,655,000 184.4% 0.3%
Bank of America $1,295,000 $3,590,000 177.2% 0.3%
21ST MORTGAGE CORPORATION $2,730,000 $3,490,000 27.8% 0.2%
Farm Credit Services of Western Arkansas, ACA $7,255,000 $3,465,000 -52.2% 0.2%
GREYSTONE FUNDING COMPANY LLC $3,365,000 n/a 0.2%
KELLER MORTGAGE, LLC $4,815,000 $3,055,000 -36.6% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $1,460,000 $2,905,000 99.0% 0.2%
Eagle Bank and Trust Company $2,160,000 $2,885,000 33.6% 0.2%
ENCORE BANK $275,000 $2,715,000 887.3% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $3,415,000 $2,630,000 -23.0% 0.2%
UNION HOME MORTGAGE CORP. $1,530,000 $2,630,000 71.9% 0.2%
Ally Bank $1,395,000 $2,610,000 87.1% 0.2%
First Horizon Bank $2,575,000 n/a 0.2%
Low VA Rates, LLC $415,000 $2,540,000 512.0% 0.2%
BROKER SOLUTIONS, INC. $1,405,000 $2,525,000 79.7% 0.2%
United Fidelity Funding Corp. $1,155,000 $2,390,000 106.9% 0.2%
BancFirst $1,035,000 $2,375,000 129.5% 0.2%
First Guaranty Mortgage Corporation $320,000 $2,265,000 607.8% 0.2%
FLAT BRANCH MORTGAGE, INC. $1,030,000 $2,215,000 115.0% 0.2%
The Federal Savings Bank $2,455,000 $2,215,000 -9.8% 0.2%
Flagstar Bank, FSB $1,755,000 $2,190,000 24.8% 0.2%
CLEARPATH LENDING $830,000 $2,145,000 158.4% 0.2%
AMERICAN FINANCING CORPORATION $1,255,000 $2,085,000 66.1% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $525,000 $2,045,000 289.5% 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,855,000 $2,045,000 10.2% 0.1%
ZILLOW HOME LOANS, LLC $505,000 $2,040,000 304.0% 0.1%
Barrington Bank & Trust Company, N.A. $1,965,000 $2,035,000 3.6% 0.1%
TRIAD FINANCIAL SERVICES, INC. $530,000 $1,785,000 236.8% 0.1%
United Bank $5,250,000 $1,765,000 -66.4% 0.1%
Citizens Bank $1,000,000 $1,710,000 71.0% 0.1%
GMFS LLC $2,535,000 $1,710,000 -32.5% 0.1%
EVERETT FINANCIAL, INC. $9,550,000 $1,680,000 -82.4% 0.1%
OPEN MORTGAGE, LLC $250,000 $1,630,000 552.0% 0.1%
BOKF $1,340,000 $1,500,000 11.9% 0.1%
First United Bank and Trust Company $690,000 $1,495,000 116.7% 0.1%
Wyndham Capital Mortgage, Inc. $905,000 $1,400,000 54.7% 0.1%
Truist Bank $1,930,000 $1,340,000 -30.6% 0.1%
GUILD MORTGAGE COMPANY $1,060,000 $1,245,000 17.5% 0.1%
UNITED BUILT HOMES, L.L.C. $1,525,000 $1,215,000 -20.3% 0.1%
PLANET HOME LENDING, LLC $555,000 $1,210,000 118.0% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $855,000 $1,115,000 30.4% 0.1%
MORTGAGE ACCESS CORP. $255,000 $1,115,000 337.3% 0.1%
ROYAL UNITED MORTGAGE LLC $1,005,000 $1,075,000 7.0% 0.1%
TIAA, FSB $500,000 $1,070,000 114.0% 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $2,110,000 $1,035,000 -50.9% 0.1%
GUARANTEED RATE, INC. $640,000 $1,025,000 60.2% 0.1%
CHURCHILL MORTGAGE CORPORATION $1,540,000 $1,020,000 -33.8% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $800,000 $950,000 18.8% 0.1%
ACCELERATE MORTGAGE, LLC $195,000 $940,000 382.1% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,200,000 $875,000 -27.1% 0.1%
ARC HOME LLC $515,000 $825,000 60.2% 0.1%
OKLAHOMA'S $820,000 n/a 0.1%
AMERICAN INTERNET MORTGAGE, INC. $85,000 $815,000 858.8% 0.1%
Sierra Pacific Mortgage Company, Inc. $810,000 n/a 0.1%
FBC MORTGAGE, LLC $615,000 $805,000 30.9% 0.1%
Magnolia Bank $1,375,000 $755,000 -45.1% 0.1%
First National Bank $1,415,000 $745,000 -47.3% 0.1%
First Federal Bank $250,000 $735,000 194.0% 0.1%
AMCAP MORTGAGE, LTD. $715,000 n/a 0.1%
NBKC BANK $1,130,000 $705,000 -37.6% 0.1%
The Central National Bank of Poteau $100,000 $670,000 570.0% 0.0%
Commerce Bank $665,000 n/a 0.0%
PREMIA MORTGAGE, LLC $195,000 $650,000 233.3% 0.0%
North American Savings Bank, F.S.B. $195,000 $640,000 228.2% 0.0%
Stifel Bank and Trust $960,000 $620,000 -35.4% 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $600,000 $610,000 1.7% 0.0%
ENDEAVOR CAPITAL, LLC. $325,000 $575,000 76.9% 0.0%
Waterstone Mortgage Corporation $565,000 n/a 0.0%
Plains Commerce Bank $480,000 $555,000 15.6% 0.0%
RUOFF MORTGAGE COMPANY, INC. $850,000 $545,000 -35.9% 0.0%
CROSSCOUNTRY MORTGAGE, LLC $475,000 $540,000 13.7% 0.0%
Discover Bank $225,000 $525,000 133.3% 0.0%
Signature Bank of Arkansas $115,000 $520,000 352.2% 0.0%
AMERICAN ADVISORS GROUP $210,000 $515,000 145.2% 0.0%
RELIANCE FIRST CAPITAL, LLC $925,000 $490,000 -47.0% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $455,000 $480,000 5.5% 0.0%
GENEVA FINANCIAL, LLC $480,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $85,000 $470,000 452.9% 0.0%
RED RIVER EMPLOYEES $285,000 $470,000 64.9% 0.0%
Bank of Springfield $455,000 n/a 0.0%
LOANPAL, LLC $455,000 n/a 0.0%
MORTGAGE CLEARING CORPORATION $300,000 $455,000 51.7% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $210,000 $430,000 104.8% 0.0%
MORTGAGE FINANCIAL SERVICES, LLC $420,000 n/a 0.0%
Secured Investment Corp. $420,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $1,450,000 $400,000 -72.4% 0.0%
PENTAGON FEDERAL CREDIT UNION $415,000 $400,000 -3.6% 0.0%
American Bank of Oklahoma $225,000 $390,000 73.3% 0.0%
Bankers Trust Company $385,000 n/a 0.0%
LENDSURE MORTGAGE CORP. $385,000 n/a 0.0%
Meridian Bank Corporation $185,000 $385,000 108.1% 0.0%
First International Bank & Trust $375,000 n/a 0.0%
RCB Bank $370,000 n/a 0.0%
Axos Bank $55,000 $365,000 563.6% 0.0%
PLAZA HOME MORTGAGE, INC. $85,000 $360,000 323.5% 0.0%
SpiritBank $385,000 $360,000 -6.5% 0.0%
PNC Bank $465,000 $345,000 -25.8% 0.0%
The Citizens Bank $190,000 $345,000 81.6% 0.0%
MOVEMENT MORTGAGE, LLC $105,000 $330,000 214.3% 0.0%
The Farmers & Merchants Bank $380,000 $325,000 -14.5% 0.0%
ALTRA $160,000 $315,000 96.9% 0.0%
ASSEMBLIES OF GOD Credit Union $895,000 $315,000 -64.8% 0.0%
CITYWIDE HOME LOANS, LLC $315,000 n/a 0.0%
Community First National Bank $245,000 $315,000 28.6% 0.0%
FEDEX EMPLOYEES CREDIT ASSOCIATION $305,000 n/a 0.0%
FIDELITY BANK $305,000 n/a 0.0%
International Bank of Commerce $305,000 n/a 0.0%
SOFI LENDING CORP. $300,000 n/a 0.0%
Stride Bank $300,000 n/a 0.0%
City Bank $295,000 n/a 0.0%
Flanagan State Bank $295,000 n/a 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $295,000 n/a 0.0%
ASSOCIATED MORTGAGE CORPORATION $935,000 $290,000 -69.0% 0.0%
American Airlines Federal Credit Union $275,000 n/a 0.0%
MASON MCDUFFIE MORTGAGE CORPORATION $175,000 $275,000 57.1% 0.0%
GUIDANCE RESIDENTIAL, LLC $105,000 $270,000 157.1% 0.0%
Paramount Residential Mortgage Group, Inc. $380,000 $270,000 -28.9% 0.0%
First Savings Bank $615,000 $265,000 -56.9% 0.0%
Citibank $255,000 n/a 0.0%
First Option Mortgage, LLC $255,000 n/a 0.0%
SIRVA MORTGAGE, INC. $65,000 $255,000 292.3% 0.0%
CSL Financial, LLC $65,000 $245,000 276.9% 0.0%
FIRST COMMUNITY MORTGAGE, INC. $175,000 $245,000 40.0% 0.0%
INTERCAP LENDING INC. $235,000 n/a 0.0%
Mabrey Bank $235,000 n/a 0.0%
Valliance Bank $230,000 n/a 0.0%
BankPlus $225,000 n/a 0.0%
VERITAS FUNDING, LLC $225,000 n/a 0.0%
GUARANTY HOME MORTGAGE CORPORATION $215,000 n/a 0.0%
CMG MORTGAGE, INC. $885,000 $210,000 -76.3% 0.0%
OCEANSIDE MORTGAGE COMPANY $1,175,000 $210,000 -82.1% 0.0%
First Service Bank $205,000 n/a 0.0%
COMMUNITYAMERICA $195,000 n/a 0.0%
First Bank & Trust Co. $195,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $745,000 $195,000 -73.8% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $85,000 $190,000 123.5% 0.0%
Farm Credit Services of Western Arkansas, PCA $200,000 $190,000 -5.0% 0.0%
AmeriHome Mortgage Company, LLC $185,000 n/a 0.0%
Farmers Bank & Trust Company $8,420,000 $185,000 -97.8% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $185,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $1,005,000 $185,000 -81.6% 0.0%
Texas Bank and Trust Company $185,000 n/a 0.0%
COMMUNITY MORTGAGE CORPORATION $175,000 n/a 0.0%
First Home Bank $175,000 n/a 0.0%
INTERLINC MORTGAGE SERVICES, LLC $175,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $175,000 n/a 0.0%
The Bennington State Bank $175,000 n/a 0.0%
COUNTRYPLACE MORTGAGE, LTD. $185,000 $170,000 -8.1% 0.0%
Colonial Savings, F.A. $165,000 n/a 0.0%
The Central Trust Bank $165,000 n/a 0.0%
ALLIANT CREDIT UNION $155,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $155,000 n/a 0.0%
IMPAC MORTGAGE CORP. $155,000 n/a 0.0%
InterContinental Capital Group, Inc $155,000 $155,000 0.0% 0.0%
MORTGAGE SOLUTIONS LLC $95,000 $155,000 63.2% 0.0%
Amarillo National Bank $145,000 n/a 0.0%
CASTLE & COOKE MORTGAGE, LLC $145,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $145,000 n/a 0.0%
First Federal Bank of Kansas City $135,000 n/a 0.0%
First Liberty Bank $135,000 n/a 0.0%
First United Bank $135,000 n/a 0.0%
FOUR POINTS $580,000 $135,000 -76.7% 0.0%
Servion, Inc. $135,000 n/a 0.0%
WILLOW BEND MORTGAGE COMPANY, LLC $135,000 n/a 0.0%
Baxter Credit Union $125,000 n/a 0.0%
Origin Bank $125,000 n/a 0.0%
Prosperity Bank $235,000 $125,000 -46.8% 0.0%
TELCOE FEDERAL CREDIT UNION $180,000 $125,000 -30.6% 0.0%
THRIVE MORTGAGE, LLC $125,000 n/a 0.0%
Alerus Financial $115,000 n/a 0.0%
Hometown Lenders, Inc. $270,000 $115,000 -57.4% 0.0%
Legacy National Bank $1,035,000 $115,000 -88.9% 0.0%
Mazuma Credit Union $115,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $115,000 n/a 0.0%
THE MORTGAGE FIRM, INC. $115,000 n/a 0.0%
Truity Federal Credit Union $75,000 $115,000 53.3% 0.0%
First National Bank $1,415,000 $105,000 -92.6% 0.0%
GUARANTEED RATE AFFINITY, LLC $165,000 $105,000 -36.4% 0.0%
LENDINGONE, LLC $105,000 n/a 0.0%
Manufacturers and Traders Trust Company $105,000 n/a 0.0%
CONSTRUCTIVE LOANS, LLC $95,000 n/a 0.0%
GERSHMAN INVESTMENT CORP. $95,000 n/a 0.0%
Mid-Continent Funding, Inc. $405,000 $95,000 -76.5% 0.0%
NBH Bank $95,000 n/a 0.0%
UNITED SECURITY FINANCIAL CORP $95,000 n/a 0.0%
Citizens Savings Bank $85,000 n/a 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $85,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $85,000 n/a 0.0%
PHH Mortgage Corporation $295,000 $85,000 -71.2% 0.0%
Tinker Federal Credit Union $80,000 n/a 0.0%
First Community Bank $495,000 $75,000 -84.8% 0.0%
PINE BLUFF COTTON BELT Federal Credit Union $75,000 n/a 0.0%
Figure Lending LLC $130,000 $65,000 -50.0% 0.0%
Reliant Bank $65,000 n/a 0.0%
The First National Bank and Trust Company of Okmulgee $65,000 n/a 0.0%
SPRING EQ, LLC $25,000 $45,000 80.0% 0.0%

FORT SMITH's top lender by overall market share is Arvest Bank, with 13.7% market share. In second place, with 8.9%, is Firstar Bank, having originated $125,115,000 in loans. In third place, with 6.5%, is QUICKEN LOANS, LLC, having originated $90,845,000 in loans. In third place, with 4.8%, is The First National Bank of Fort Smith, having originated $67,475,000 in loans. In third place, with 4.4%, is Armstrong Bank, having originated $61,980,000 in loans.


FORT SMITH, AR-OK Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,932 $753,760,000 $191,699
Refi 2,442 $434,620,000 $177,977
Cash Out Refi 1,159 $181,315,000 $156,441
Home Improvement 277 $21,065,000 $76,047
Other 197 $14,635,000 $74,289

Fort Smith's most frequently cited loan purpose was Home Purchase, with 3,932 originations. The 2nd most popular reason was Refi, with 2,442 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 2,761 $478,585,000 $173,338
3-4% 2,483 $452,135,000 $182,092
<2.5% 1,265 $240,315,000 $189,972
4-5% 658 $103,910,000 $157,918
5-6% 166 $13,390,000 $80,663
6-7% 63 $4,175,000 $66,270
Over 8% 48 $4,320,000 $90,000
7-8% 27 $1,975,000 $73,148

During 2021, Fort Smith's most frequently originated rate bucket was 2.5-3%, with 2,761 originations.

Loan Sizing (FORT SMITH, AR-OK MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,654 $526,410,000 $144,064
$100,000 or less 2,294 $147,860,000 $64,455
$200k-400k 1,763 $463,065,000 $262,657
$400k-600k 196 $93,050,000 $474,745
$600k-1000k 52 $38,210,000 $734,808
$Over $1MM 48 $136,800,000 $2,850,000

FORT SMITH's loan sizing saw the bucket of loans from $100k-200k with 3,654 originations, totaling $526,410,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 3,347 $638,865,000 $190,877
60-80% 2,275 $440,855,000 $193,782
40-60% 820 $107,530,000 $131,134
20-40% 352 $34,810,000 $98,892
Under 20% 301 $9,365,000 $31,113
Over 100% 141 $34,025,000 $241,312

FORT SMITH's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,347 originations, totaling $638,865,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - FORT SMITH (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $148,200 (0.2%) $218,457 (5.7%) 0.55 1,326
2018-02-01 $149,900 (2.2%) $214,443 (5.7%) 0.54 1,285
2018-03-01 $154,900 (5.2%) $220,602 (8.7%) 0.54 1,290
2018-04-01 $154,925 (3.4%) $230,605 (8.6%) 0.52 1,316
2018-05-01 $157,250 (4.9%) $230,227 (6.3%) 0.52 1,330
2018-06-01 $157,900 (4.9%) $232,966 (5.0%) 0.53 1,344
2018-07-01 $155,000 (4.0%) $228,564 (5.7%) 0.52 1,360
2018-08-01 $155,000 (6.2%) $226,645 (7.4%) 0.52 1,385
2018-09-01 $154,500 (5.2%) $225,361 (4.8%) 0.52 1,391
2018-10-01 $152,500 (2.9%) $224,141 (3.8%) 0.51 1,381
2018-11-01 $150,000 (1.5%) $221,075 (1.3%) 0.50 1,399
2018-12-01 $149,900 (2.3%) $220,123 (1.9%) 0.51 1,345
2019-01-01 $149,950 (1.2%) $225,883 (3.4%) 0.52 1,300
2019-02-01 $155,000 (3.4%) $222,775 (3.9%) 0.52 1,285
2019-03-01 $159,014 (2.7%) $233,277 (5.8%) 0.52 1,250
2019-04-01 $163,314 (5.4%) $242,702 (5.3%) 0.51 1,244
2019-05-01 $164,500 (4.6%) $245,172 (6.5%) 0.51 1,243
2019-06-01 $169,000 (7.0%) $249,649 (7.2%) 0.52 1,194
2019-07-01 $167,000 (7.7%) $251,729 (10.1%) 0.52 1,181
2019-08-01 $162,857 (5.1%) $244,299 (7.8%) 0.51 1,191
2019-09-01 $160,000 (3.6%) $236,925 (5.1%) 0.51 1,205
2019-10-01 $163,750 (7.4%) $239,834 (7.0%) 0.52 1,208
2019-11-01 $160,000 (6.7%) $241,650 (9.3%) 0.52 1,185
2019-12-01 $159,950 (6.7%) $241,630 (9.8%) 0.53 1,115
2020-01-01 $164,500 (9.7%) $240,128 (6.3%) 0.55 1,073
2020-02-01 $164,986 (6.4%) $244,489 (9.8%) 0.53 1,069
2020-03-01 $171,900 (8.1%) $243,755 (4.5%) 0.54 996
2020-04-01 $175,450 (7.4%) $247,756 (2.1%) 0.55 979
2020-05-01 $179,900 (9.4%) $256,751 (4.7%) 0.55 902
2020-06-01 $188,450 (11.5%) $265,504 (6.4%) 0.55 839
2020-07-01 $198,750 (19.0%) $273,275 (8.6%) 0.57 783
2020-08-01 $198,500 (21.9%) $280,068 (14.6%) 0.57 726
2020-09-01 $195,000 (21.9%) $290,454 (22.6%) 0.56 661
2020-10-01 $199,900 (22.1%) $289,837 (20.9%) 0.57 627
2020-11-01 $194,450 (21.5%) $295,714 (22.4%) 0.56 578
2020-12-01 $184,949 (15.6%) $289,313 (19.7%) 0.54 554
2021-01-01 $184,000 (11.9%) $297,596 (23.9%) 0.54 511
2021-02-01 $199,450 (20.9%) $312,387 (27.8%) 0.57 445
2021-03-01 $192,250 (11.8%) $310,746 (27.5%) 0.54 406
2021-04-01 $198,200 (13.0%) $327,856 (32.3%) 0.53 380
2021-05-01 $222,000 (23.4%) $338,613 (31.9%) 0.58 357
2021-06-01 $220,000 (16.7%) $324,563 (22.2%) 0.57 401
2021-07-01 $214,450 (7.9%) $327,536 (19.9%) 0.56 485
2021-08-01 $202,450 (2.0%) $324,285 (15.8%) 0.53 526
2021-09-01 $199,450 (2.3%) $318,972 (9.8%) 0.52 566
2021-10-01 $215,000 (7.6%) $328,543 (13.4%) 0.57 540
2021-11-01 $214,950 (10.5%) $342,403 (15.8%) 0.57 457
2021-12-01 $216,950 (17.3%) $341,799 (18.1%) 0.58 448
2022-01-01 $214,999 (16.9%) $347,977 (16.9%) 0.57 412
2022-02-01 $204,000 (2.3%) $332,248 (6.4%) 0.52 376
2022-03-01 $201,500 (4.8%) $324,755 (4.5%) 0.50 402
2022-04-01 $210,000 (6.0%) $330,934 (0.9%) 0.49 409
FORT SMITH's median listing price for 2022-04-01 was $210,000, a difference of $11,800 (6.0%) versus the prior year and $8,500 versus the prior month.

FORT SMITH's median listing price comes in at 49% of the national average.

FORT SMITH's average listing price for 2022-04-01 was $330,934, a difference of $3,078 (0.9%) versus the prior year and $6,179 versus the prior month.

For the 2022-04-01 period, FORT SMITH had 409 MLS listings, a difference of 7 listings (2%) versus the prior month and 29 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - FORT SMITH (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 101 days 1,811 sqft
2018-02-01 102 days 1,815 sqft
2018-03-01 86 days 1,845 sqft
2018-04-01 78 days 1,859 sqft
2018-05-01 73 days 1,870 sqft
2018-06-01 71 days 1,880 sqft
2018-07-01 74 days 1,885 sqft
2018-08-01 80 days 1,892 sqft
2018-09-01 85 days 1,864 sqft
2018-10-01 86 days 1,852 sqft
2018-11-01 88 days 1,827 sqft
2018-12-01 94 days 1,822 sqft
2019-01-01 101 days 1,800 sqft
2019-02-01 96 days 1,807 sqft
2019-03-01 99 days 1,844 sqft
2019-04-01 80 days 1,873 sqft
2019-05-01 74 days 1,905 sqft
2019-06-01 79 days 1,916 sqft
2019-07-01 84 days 1,911 sqft
2019-08-01 81 days 1,892 sqft
2019-09-01 72 days 1,872 sqft
2019-10-01 73 days 1,856 sqft
2019-11-01 79 days 1,843 sqft
2019-12-01 91 days 1,850 sqft
2020-01-01 98 days 1,850 sqft
2020-02-01 93 days 1,846 sqft
2020-03-01 85 days 1,878 sqft
2020-04-01 80 days 1,918 sqft
2020-05-01 84 days 1,951 sqft
2020-06-01 80 days 1,951 sqft
2020-07-01 76 days 1,995 sqft
2020-08-01 73 days 1,997 sqft
2020-09-01 69 days 2,002 sqft
2020-10-01 57 days 2,019 sqft
2020-11-01 59 days 1,993 sqft
2020-12-01 67 days 1,917 sqft
2021-01-01 73 days 1,896 sqft
2021-02-01 68 days 1,932 sqft
2021-03-01 50 days 1,812 sqft
2021-04-01 41 days 1,819 sqft
2021-05-01 38 days 1,882 sqft
2021-06-01 32 days 1,890 sqft
2021-07-01 31 days 1,857 sqft
2021-08-01 37 days 1,868 sqft
2021-09-01 39 days 1,837 sqft
2021-10-01 49 days 1,880 sqft
2021-11-01 55 days 1,857 sqft
2021-12-01 64 days 1,879 sqft
2022-01-01 62 days 1,850 sqft
2022-02-01 50 days 1,816 sqft
2022-03-01 36 days 1,805 sqft
2022-04-01 38 days 1,800 sqft
FORT SMITH's median listing age (time on market) for 2022-04-01 was 38 days. This is -6% shorter than the same period one year ago.

FORT SMITH's median square footage for active listings during the 2022-04-01 period was 1,800 sqft. One year prior, the average listing was 1,819 sqft.