FORT SMITH Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fort Smith averaged
6.96%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.99% and
one month ago for the week of 2025-05-15, the
average rate was 6.86%.
Fort Smith's average rate one year ago was 7.1%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.9%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Fort Smith 30 Year Fixed Rate | 2025-06-18 | 6.96% |
| Fort Smith 30 Year Fixed Rate Refi | 2025-06-18 | 6.9% |
| Fort Smith 15 Year Fixed Rate | 2025-06-18 | 7.39% |
| Fort Smith 15 Year Fixed Rate Refi | 2025-06-18 | 6.16% |
| Fort Smith 30 Year FHA | 2025-06-18 | -0.21% |
| Fort Smith 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Fort Smith 30 Year USDA | 2025-06-18 | -0.34% |
| Fort Smith 30 Year USDA Refi | 2025-06-18 | 0% |
| Fort Smith 30 Year VA | 2025-06-18 | -0.03% |
| Fort Smith 30 Year VA Refi | 2025-06-18 | -0.17% |
FORT SMITH Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, 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.).
FORT SMITH Average Closing Costs & Other Stats
FORT SMITH, AR-OK's 119 lenders originated 4,698
loans during 2024. The total origination value was $838,680,000, with an average loan value of
$178,519.
FORT SMITH's average closing costs are $4,386.
The top FORT SMITH lender as defined by loan originations is Arvest Bank, with
193 loans originated. Their average total fees are
$4,171, which is $485
higher than the next largest lender,
Firstar Bank.
The lowest fee FORT SMITH lenders (with over 10 loans originated) are
UNITED ($3,387), ARKANSAS Federal Credit Union ($3,540), BancorpSouth ($3,644), FIRST WESTERN MORTGAGE, INC. ($3,672) and Firstar Bank ($3,686).
The lowest rate FORT SMITH lenders (with over 10 loans originated) are
ARKANSAS Federal Credit Union (6.33%), First Financial Bank (6.45%), SWBC MORTGAGE CORPORATION (6.47%), Bank of England (6.56%) and FIRST WESTERN MORTGAGE, INC. (6.58%).
FORT SMITH, AR-OK Mortgage 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Firstar Bank | $97,745,000 | $107,790,000 | 10.3% | 12.9% |
| Arvest Bank | $75,025,000 | $99,025,000 | 32.0% | 11.8% |
| QUICKEN LOANS, LLC | $32,300,000 | $45,735,000 | 41.6% | 5.5% |
| The First National Bank of Fort Smith | $25,615,000 | $40,530,000 | 58.2% | 4.8% |
| Armstrong Bank | $27,120,000 | $29,805,000 | 9.9% | 3.6% |
| BancorpSouth | $25,345,000 | $25,480,000 | 0.5% | 3.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $18,655,000 | $25,025,000 | 34.1% | 3.0% |
| Mortgage Research Center, LLC | $18,055,000 | $23,825,000 | 32.0% | 2.8% |
| UNITED | $15,855,000 | $18,630,000 | 17.5% | 2.2% |
| First Financial Bank | $21,055,000 | $16,535,000 | -21.5% | 2.0% |
| Citizens' Bank & Trust Co. | $20,475,000 | $15,045,000 | -26.5% | 1.8% |
| SWBC MORTGAGE CORPORATION | $12,185,000 | $14,495,000 | 19.0% | 1.7% |
| FIRST WESTERN MORTGAGE, INC. | $9,060,000 | $13,540,000 | 49.4% | 1.6% |
| ARKANSAS Federal Credit Union | $9,150,000 | $11,120,000 | 21.5% | 1.3% |
| Regions Bank | $8,285,000 | $10,830,000 | 30.7% | 1.3% |
| Chambers Bank | $15,785,000 | $10,640,000 | -32.6% | 1.3% |
| First Security Bank | $5,895,000 | $10,360,000 | 75.7% | 1.2% |
| FIRST COMMUNITY MORTGAGE, INC. | $460,000 | $9,350,000 | 1,932.6% | 1.1% |
| GREYSTONE SERVICING COMPANY LLC | $9,115,000 | n/a | 1.1% | |
| Farm Credit Services of Western Arkansas, ACA | $7,475,000 | $8,490,000 | 13.6% | 1.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,665,000 | $8,395,000 | 80.0% | 1.0% |
| FLAT BRANCH MORTGAGE, INC. | $6,115,000 | $8,380,000 | 37.0% | 1.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,560,000 | $8,230,000 | -3.9% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $3,945,000 | $8,080,000 | 104.8% | 1.0% |
| Simmons Bank | $5,515,000 | $7,915,000 | 43.5% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $3,370,000 | $7,790,000 | 131.2% | 0.9% |
| Farmers Bank | $10,290,000 | $7,295,000 | -29.1% | 0.9% |
| Bank of England | $14,075,000 | $6,455,000 | -54.1% | 0.8% |
| Signature Bank of Arkansas | $1,565,000 | $6,455,000 | 312.5% | 0.8% |
| Priority Bank | $3,035,000 | $6,025,000 | 98.5% | 0.7% |
| 21ST MORTGAGE CORPORATION | $2,890,000 | $5,970,000 | 106.6% | 0.7% |
| Bank OZK | $2,955,000 | $5,630,000 | 90.5% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $3,290,000 | $5,625,000 | 71.0% | 0.7% |
| USAA Federal Savings Bank | $6,020,000 | $5,215,000 | -13.4% | 0.6% |
| LOANDEPOT.COM, LLC | $2,000,000 | $5,060,000 | 153.0% | 0.6% |
| Generations Bank | $3,450,000 | $4,985,000 | 44.5% | 0.6% |
| BROKER SOLUTIONS, INC. | $660,000 | $4,405,000 | 567.4% | 0.5% |
| First Western Bank | $4,265,000 | $4,305,000 | 0.9% | 0.5% |
| U.S. Bank | $5,525,000 | $4,260,000 | -22.9% | 0.5% |
| READYCAP COMMERCIAL, LLC | $3,885,000 | n/a | 0.5% | |
| WALKER & DUNLOP, LLC | $3,715,000 | n/a | 0.4% | |
| T2 FINANCIAL LLC | $3,695,000 | n/a | 0.4% | |
| JPMorgan Chase Bank | $2,910,000 | $3,560,000 | 22.3% | 0.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,490,000 | $3,515,000 | 135.9% | 0.4% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,665,000 | $3,495,000 | 109.9% | 0.4% |
| Today's Bank | $25,000 | $3,480,000 | 13,820.0% | 0.4% |
| NEW DAY FINANCIAL, LLC | $1,400,000 | $3,455,000 | 146.8% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,540,000 | $3,300,000 | 29.9% | 0.4% |
| United Bank | $1,050,000 | $3,150,000 | 200.0% | 0.4% |
| NEWREZ LLC | $1,515,000 | $2,965,000 | 95.7% | 0.4% |
| Centennial Bank | $8,600,000 | $2,950,000 | -65.7% | 0.4% |
| ON Q FINANCIAL, INC. | $3,615,000 | $2,600,000 | -28.1% | 0.3% |
| Wells Fargo Bank | $2,910,000 | $2,575,000 | -11.5% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $720,000 | $2,525,000 | 250.7% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $2,680,000 | $2,415,000 | -9.9% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,080,000 | $2,400,000 | 122.2% | 0.3% |
| Arbor Realty Trust, Inc. | $2,395,000 | n/a | 0.3% | |
| Carrington Mortgage Services, LLC | $1,020,000 | $2,395,000 | 134.8% | 0.3% |
| GUARANTEED RATE, INC. | $350,000 | $2,255,000 | 544.3% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $2,845,000 | $2,085,000 | -26.7% | 0.2% |
| First Community Bank | $7,200,000 | $2,080,000 | -71.1% | 0.2% |
| GUILD MORTGAGE COMPANY | $375,000 | $2,005,000 | 434.7% | 0.2% |
| PHH Mortgage Corporation | $145,000 | $1,830,000 | 1,162.1% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $175,000 | $1,780,000 | 917.1% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $2,500,000 | $1,770,000 | -29.2% | 0.2% |
| Flagstar Bank, FSB | $4,065,000 | $1,740,000 | -57.2% | 0.2% |
| Discover Bank | $1,755,000 | $1,650,000 | -6.0% | 0.2% |
| LOANPAL, LLC | $1,195,000 | $1,615,000 | 35.1% | 0.2% |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $215,000 | $1,560,000 | 625.6% | 0.2% |
| Bank of America | $1,965,000 | $1,555,000 | -20.9% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $890,000 | $1,485,000 | 66.9% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,365,000 | $1,370,000 | 0.4% | 0.2% |
| First Service Bank | $85,000 | $1,370,000 | 1,511.8% | 0.2% |
| Eagle Bank and Trust Company | $2,965,000 | $1,320,000 | -55.5% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $645,000 | $1,315,000 | 103.9% | 0.2% |
| ENCORE BANK | $385,000 | $1,280,000 | 232.5% | 0.2% |
| Stifel Bank and Trust | $540,000 | $1,250,000 | 131.5% | 0.1% |
| Gateway First Bank | $6,445,000 | $1,245,000 | -80.7% | 0.1% |
| First United Bank and Trust Company | $410,000 | $1,205,000 | 193.9% | 0.1% |
| UNITED BUILT HOMES, L.L.C. | $115,000 | $1,195,000 | 939.1% | 0.1% |
| BOKF | $1,715,000 | $1,190,000 | -30.6% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $575,000 | $1,155,000 | 100.9% | 0.1% |
| American Bank of Oklahoma | $265,000 | $1,150,000 | 334.0% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $370,000 | $1,150,000 | 210.8% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,070,000 | $1,060,000 | -0.9% | 0.1% |
| ZILLOW HOME LOANS, LLC | $215,000 | $1,040,000 | 383.7% | 0.1% |
| American Mortgage Bank, LLC | $1,025,000 | n/a | 0.1% | |
| The Federal Savings Bank | $315,000 | $970,000 | 207.9% | 0.1% |
| ASSOCIATED MORTGAGE CORPORATION | $435,000 | $925,000 | 112.6% | 0.1% |
| GERSHMAN INVESTMENT CORP. | $785,000 | $925,000 | 17.8% | 0.1% |
| PLANET HOME LENDING, LLC | $260,000 | $910,000 | 250.0% | 0.1% |
| GENEVA FINANCIAL, LLC | $300,000 | $875,000 | 191.7% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $600,000 | $850,000 | 41.7% | 0.1% |
| BETTER MORTGAGE CORPORATION | $720,000 | $805,000 | 11.8% | 0.1% |
| Magnolia Bank | $785,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $765,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $745,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $195,000 | $725,000 | 271.8% | 0.1% |
| Figure Lending LLC | $620,000 | $725,000 | 16.9% | 0.1% |
| Coastal Community Bank | $835,000 | $720,000 | -13.8% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $305,000 | $710,000 | 132.8% | 0.1% |
| AMERICAN FINANCING CORPORATION | $265,000 | $680,000 | 156.6% | 0.1% |
| Farm Credit Mid-America, ACA | $680,000 | n/a | 0.1% | |
| The Central Trust Bank | $1,265,000 | $675,000 | -46.6% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $660,000 | $670,000 | 1.5% | 0.1% |
| Brighton Bank | $670,000 | n/a | 0.1% | |
| BancFirst | $1,100,000 | $660,000 | -40.0% | 0.1% |
| EVERETT FINANCIAL, INC. | $3,230,000 | $655,000 | -79.7% | 0.1% |
| Mabrey Bank | $640,000 | n/a | 0.1% | |
| CSL Financial, LLC | $620,000 | $630,000 | 1.6% | 0.1% |
| RESIDENTIAL BANCORP | $235,000 | $630,000 | 168.1% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $1,270,000 | $630,000 | -50.4% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,155,000 | $605,000 | -47.6% | 0.1% |
| AmeriHome Mortgage Company, LLC | $580,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $295,000 | $570,000 | 93.2% | 0.1% |
| MORTGAGE ACCESS CORP. | $285,000 | $570,000 | 100.0% | 0.1% |
| BMO Harris Bank | $550,000 | n/a | 0.1% | |
| First Federal Bank | $445,000 | $550,000 | 23.6% | 0.1% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $530,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $1,830,000 | $530,000 | -71.0% | 0.1% |
| NBKC BANK | $275,000 | $530,000 | 92.7% | 0.1% |
| First Horizon Bank | $500,000 | $525,000 | 5.0% | 0.1% |
| OPEN MORTGAGE, LLC | $1,360,000 | $505,000 | -62.9% | 0.1% |
| Great Plains National Bank | $275,000 | $470,000 | 70.9% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $605,000 | $470,000 | -22.3% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $465,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $165,000 | $465,000 | 181.8% | 0.1% |
| EMBRACE HOME LOANS, INC. | $235,000 | $445,000 | 89.4% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $205,000 | $435,000 | 112.2% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $340,000 | $430,000 | 26.5% | 0.1% |
| The Farmers & Merchants Bank | $220,000 | $430,000 | 95.5% | 0.1% |
| SIRVA MORTGAGE, INC. | $425,000 | n/a | 0.1% | |
| NATIONS RELIABLE LENDING, LLC | $420,000 | n/a | 0.1% | |
| Capital Bank | $405,000 | n/a | 0.0% | |
| ARC HOME LLC | $395,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $115,000 | $395,000 | 243.5% | 0.0% |
| Grand Savings Bank | $475,000 | $385,000 | -18.9% | 0.0% |
| ACOPIA, LLC | $375,000 | n/a | 0.0% | |
| Fifth Third Bank | $375,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $370,000 | n/a | 0.0% | |
| COMMUNITYAMERICA | $505,000 | $360,000 | -28.7% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $355,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $350,000 | n/a | 0.0% | |
| SENTE MORTGAGE, INC. | $315,000 | $345,000 | 9.5% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $145,000 | $345,000 | 137.9% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $355,000 | $335,000 | -5.6% | 0.0% |
| RED RIVER EMPLOYEES | $330,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $285,000 | $325,000 | 14.0% | 0.0% |
| MORTGAGE FINANCIAL SERVICES, LLC | $825,000 | $325,000 | -60.6% | 0.0% |
| The Loan Store, Inc. | $325,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $315,000 | n/a | 0.0% | |
| SmartBank | $315,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $105,000 | $310,000 | 195.2% | 0.0% |
| Ameris Bank | $305,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $1,220,000 | $290,000 | -76.2% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $370,000 | $285,000 | -23.0% | 0.0% |
| STANDARD MORTGAGE CORPORATION | $285,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL | $435,000 | $265,000 | -39.1% | 0.0% |
| Plains Commerce Bank | $455,000 | $260,000 | -42.9% | 0.0% |
| Mortgage Assurance Inc. | $255,000 | n/a | 0.0% | |
| FBT Bank & Mortgage | $245,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $415,000 | $245,000 | -41.0% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $240,000 | n/a | 0.0% | |
| Community National Bank & Trust | $235,000 | n/a | 0.0% | |
| DUPACO COMMUNITY | $235,000 | n/a | 0.0% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $120,000 | $230,000 | 91.7% | 0.0% |
| Western Sun FCU | $230,000 | n/a | 0.0% | |
| RCB Bank | $225,000 | n/a | 0.0% | |
| First National Bank Texas | $215,000 | n/a | 0.0% | |
| Ixonia Bank | $215,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $880,000 | $215,000 | -75.6% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $165,000 | $205,000 | 24.2% | 0.0% |
| MY MOVE MORTGAGE, LLC | $200,000 | n/a | 0.0% | |
| DIRECT MORTGAGE, CORP. | $195,000 | n/a | 0.0% | |
| Citizens Bank | $970,000 | $190,000 | -80.4% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $790,000 | $185,000 | -76.6% | 0.0% |
| DAS Acquisition Company, LLC | $255,000 | $185,000 | -27.5% | 0.0% |
| DEVELOPER'S MORTGAGE COMPANY | $185,000 | n/a | 0.0% | |
| Malvern National Bank | $185,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $225,000 | $185,000 | -17.8% | 0.0% |
| SPRING EQ, LLC | $370,000 | $185,000 | -50.0% | 0.0% |
| Stride Bank | $185,000 | n/a | 0.0% | |
| Bell Bank | $175,000 | n/a | 0.0% | |
| CREDIT UNION OF AMERICA | $175,000 | n/a | 0.0% | |
| M&T Bank | $85,000 | $175,000 | 105.9% | 0.0% |
| Oklahoma Educators Credit Union | $175,000 | n/a | 0.0% | |
| Regional Missouri Bank | $175,000 | n/a | 0.0% | |
| American National Bank & Trust | $165,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $165,000 | n/a | 0.0% | |
| GMFS LLC | $240,000 | $150,000 | -37.5% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $145,000 | n/a | 0.0% | |
| Southern Bancorp Bank | $140,000 | n/a | 0.0% | |
| NexBank | $135,000 | n/a | 0.0% | |
| OKLAHOMA'S | $100,000 | $125,000 | 25.0% | 0.0% |
| PREMIER AMERICA | $125,000 | n/a | 0.0% | |
| The American National Bank of Texas | $125,000 | n/a | 0.0% | |
| Flanagan State Bank | $135,000 | $115,000 | -14.8% | 0.0% |
| CMG MORTGAGE, INC. | $110,000 | n/a | 0.0% | |
| Relyance Bank | $105,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $270,000 | $95,000 | -64.8% | 0.0% |
| Southern Bank | $185,000 | $95,000 | -48.6% | 0.0% |
| Heartland Bank and Trust Company | $85,000 | n/a | 0.0% | |
| Secured Investment Corp. | $85,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $75,000 | n/a | 0.0% | |
| TOWER | $75,000 | n/a | 0.0% | |
| First Fidelity Bank | $65,000 | n/a | 0.0% | |
| Baxter Credit Union | $55,000 | n/a | 0.0% | |
| Chickasaw Community Bank | $1,085,000 | $55,000 | -94.9% | 0.0% |
| Farm Credit Services of Western Arkansas, PCA | $35,000 | $55,000 | 57.1% | 0.0% |
| Community Bank and Trust | $45,000 | n/a | 0.0% | |
| OKLAHOMA CENTRAL Credit Union | $35,000 | n/a | 0.0% | |
| Tinker Federal Credit Union | $35,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
FORT SMITH's top lender by overall market share is Firstar Bank, with 12.9% market share. In second place, with 11.8%, is Arvest Bank, having originated $99,025,000 in loans. In third place, with 5.5%, is QUICKEN LOANS, LLC, having originated $45,735,000 in loans. In fourth place, with 4.8%, is The First National Bank of Fort Smith, having originated $40,530,000 in loans. In fifth place, with 3.6%, is Armstrong Bank, having originated $29,805,000 in loans.
FORT SMITH, AR-OK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,684 | $577,290,000 | $215,086 |
| Refi | 635 | $119,825,000 | $188,701 |
| Other | 538 | $39,530,000 | $73,476 |
| Cash Out Refi | 439 | $74,585,000 | $169,897 |
| Home Improvement | 402 | $27,450,000 | $68,284 |
Fort Smith's most frequently cited loan purpose was Home Purchase, with 2,684 originations. The 2nd most popular reason was Refi, with 635 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,820 | $378,070,000 | $207,731 |
| Over 8% | 1,175 | $115,185,000 | $98,030 |
| 7-8% | 714 | $140,460,000 | $196,723 |
| 5-6% | 681 | $142,665,000 | $209,493 |
| 4-5% | 27 | $5,305,000 | $196,481 |
| <2.5% | 4 | $330,000 | $82,500 |
| 2.5-3% | 3 | $435,000 | $145,000 |
| 3-4% | 2 | $250,000 | $125,000 |
During 2024, Fort Smith's most frequently originated rate bucket was 6-7%, with 1,820 originations.
Loan Sizing (FORT SMITH, AR-OK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,755 | $259,125,000 | $147,650 |
| $100,000 or less | 1,527 | $80,025,000 | $52,407 |
| $200k-400k | 1,178 | $318,060,000 | $270,000 |
| $400k-600k | 164 | $77,880,000 | $474,878 |
| $600k-1000k | 46 | $33,000,000 | $717,391 |
| $Over $1MM | 28 | $70,590,000 | $2,521,071 |
FORT SMITH's loan sizing saw the bucket of loans from $100k-200k with 1,755 originations, totaling $259,125,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,856 | $406,120,000 | $218,815 |
| 60-80% | 837 | $196,515,000 | $234,785 |
| Under 20% | 565 | $19,375,000 | $34,292 |
| 20-40% | 553 | $45,895,000 | $82,993 |
| 40-60% | 429 | $70,475,000 | $164,277 |
| Over 100% | 106 | $29,360,000 | $276,981 |
FORT SMITH's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,856 originations, totaling $406,120,000 in origination value.