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.).
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.
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.
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.
