Hope Mortgage Rates

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

30 Year Fixed Rate mortgages in Hope averaged 6.11% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.22% and one month ago for the week of 2022-05-26, the average rate was 5.71%.

Hope's average rate one year ago was 3.51%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.01%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Hope 30 Year Fixed Rate 2022-06-30 6.11%
Hope 30 Year Fixed Rate Refi 2022-06-30 6.01%
Hope 15 Year Fixed Rate 2022-06-30 5.28%
Hope 15 Year Fixed Rate Refi 2022-06-30 5.1%
Hope 30 Year FHA 2022-06-30 5.88%
Hope 30 Year FHA Refi 2022-06-30 5.52%
Hope 30 Year USDA 2022-06-30 5.96%
Hope 30 Year USDA Refi 2022-06-30 5.66%
Hope 30 Year VA 2022-06-30 5.5%
Hope 30 Year VA Refi 2022-06-30 5.44%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hope, AR.

Hope 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 Hope, AR 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
SWBC MORTGAGE CORPORATION 12 3.08% $3,090
QUICKEN LOANS, LLC 8 3.01% $4,154
LOANDEPOT.COM, LLC 7 3.39% $5,219
FirstTrust Home Loans, Inc. 7 3.13% $3,048
Farmers Bank & Trust Company 5 3.57% $2,820
Farm Credit Services of Western Arkansas, ACA 5 4.35% $2,791
Bank of England 3 3.21% $3,317
FIRST COMMUNITY MORTGAGE, INC. 2 2.75% $4,230
RED RIVER EMPLOYEES 2 3.63% $2,396
Arvest Bank 2 4.31% $2,503
State Bank of De Kalb 2 2.56% $2,452
Waterstone Mortgage Corporation 2 3.56% $2,745
NEWREZ LLC 2 3.38% $3,258
The Home Loan Expert LLC 1 3.38% $2,363
Total Media Management, LLC 1 3.50% $2,372
AMERISAVE MORTGAGE CORPORATION 1 3.63% $2,042
ZILLOW HOME LOANS, LLC 1 3.38% $3,284
BancorpSouth Bank 1 3.88% $2,385
Bank OZK 1 4.30% $856
Citizens Bank 1 3.13% $2,914
FREEDOM MORTGAGE CORPORATION 1 3.38% $3,822
Gateway First Bank 1 2.75% $2,996
Mr. Cooper ( Nationstar Mortgage ) 1 3.50% $4,468
Nations Lending Corporation 1 3.50% $6,061
NAVY FEDERAL CREDIT UNION 1 5.00% $7,524
Plains Commerce Bank 1 4.00% $7,038
Regions Bank 1 3.75% $2,879
ROYAL UNITED MORTGAGE LLC 1 3.50% $3,106
Servion, Inc. 1 3.88% $2,404

Hope, AR's 29 lenders originated 451 loans during 2021. The total origination value was $51,395,000, with an average loan value of $113,958.

The top Hope lender as defined by loan originations is SWBC MORTGAGE CORPORATION, with 12 loans originated. Their average total fees are $3,090, which is $1,064 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Hope lenders (with over 10 loans originated) are SWBC MORTGAGE CORPORATION ($3,090), .

The lowest rate Hope lenders (with over 10 loans originated) are SWBC MORTGAGE CORPORATION (3.08%), .

Hope, AR 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
SWBC MORTGAGE CORPORATION $5,950,000 $6,875,000 15.5% 13.4%
Farmers Bank & Trust Company $8,385,000 $6,845,000 -18.4% 13.3%
QUICKEN LOANS, LLC $5,630,000 $4,625,000 -17.9% 9.0%
BancorpSouth Bank $2,570,000 $3,745,000 45.7% 7.3%
The First National Bank of Tom Bean $2,895,000 $3,130,000 8.1% 6.1%
Diamond Bank $2,320,000 $2,025,000 -12.7% 3.9%
FirstTrust Home Loans, Inc. $3,275,000 $1,830,000 -44.1% 3.6%
RED RIVER EMPLOYEES $1,170,000 $1,495,000 27.8% 2.9%
21ST MORTGAGE CORPORATION $970,000 $1,375,000 41.8% 2.7%
PENNYMAC LOAN SERVICES, LLC $1,365,000 n/a 2.7%
FREEDOM MORTGAGE CORPORATION $880,000 $1,020,000 15.9% 2.0%
LOANDEPOT.COM, LLC $220,000 $985,000 347.7% 1.9%
Farm Credit Services of Western Arkansas, ACA $1,870,000 $870,000 -53.5% 1.7%
Bank of England $795,000 $775,000 -2.5% 1.5%
TRIAD FINANCIAL SERVICES, INC. $670,000 $685,000 2.2% 1.3%
State Bank of De Kalb $760,000 $670,000 -11.8% 1.3%
Arvest Bank $285,000 $650,000 128.1% 1.3%
NEWREZ LLC $115,000 $635,000 452.2% 1.2%
Horatio State Bank $30,000 $615,000 1,950.0% 1.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $920,000 $545,000 -40.8% 1.1%
CALIBER HOME LOANS, INC. $525,000 n/a 1.0%
FIRST COMMUNITY MORTGAGE, INC. $525,000 n/a 1.0%
AMERISAVE MORTGAGE CORPORATION $385,000 n/a 0.7%
Wells Fargo Bank $190,000 $385,000 102.6% 0.7%
NAVY FEDERAL CREDIT UNION $355,000 n/a 0.7%
MORTGAGE FINANCIAL SERVICES, LLC $330,000 n/a 0.6%
Waterstone Mortgage Corporation $270,000 $330,000 22.2% 0.6%
Mortgage Research Center, LLC $900,000 $320,000 -64.4% 0.6%
LAKEVIEW LOAN SERVICING, LLC $290,000 $300,000 3.4% 0.6%
Bank OZK $360,000 $295,000 -18.1% 0.6%
U.S. Bank $245,000 $295,000 20.4% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $370,000 $265,000 -28.4% 0.5%
Plains Commerce Bank $255,000 n/a 0.5%
Simmons Bank $255,000 n/a 0.5%
ACADEMY MORTGAGE CORPORATION $425,000 $230,000 -45.9% 0.4%
First National Bank $225,000 n/a 0.4%
UNITED WHOLESALE MORTGAGE, LLC $225,000 n/a 0.4%
TEXAR $170,000 $220,000 29.4% 0.4%
First Guaranty Mortgage Corporation $205,000 n/a 0.4%
AMERICAN FINANCIAL NETWORK, INC. $195,000 n/a 0.4%
Nations Lending Corporation $190,000 n/a 0.4%
Regions Bank $515,000 $190,000 -63.1% 0.4%
VILLAGE CAPITAL & INVESTMENT LLC $105,000 $190,000 81.0% 0.4%
Paramount Residential Mortgage Group, Inc. $185,000 n/a 0.4%
PRIMARY RESIDENTIAL MORTGAGE, INC. $355,000 $175,000 -50.7% 0.3%
GSF Mortgage Corporation $55,000 $165,000 200.0% 0.3%
CORNERSTONE HOME LENDING, INC. $105,000 $155,000 47.6% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $155,000 n/a 0.3%
PENTAGON FEDERAL CREDIT UNION $155,000 n/a 0.3%
Triumph Bank $155,000 n/a 0.3%
AMCAP MORTGAGE, LTD. $145,000 n/a 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $145,000 n/a 0.3%
Total Media Management, LLC $145,000 n/a 0.3%
CityWorth Mortgage LLC $85,000 $135,000 58.8% 0.3%
Wyndham Capital Mortgage, Inc. $135,000 n/a 0.3%
ZILLOW HOME LOANS, LLC $135,000 n/a 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $125,000 $125,000 0.0% 0.2%
Citizens Bank $125,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $270,000 $125,000 -53.7% 0.2%
Servion, Inc. $125,000 n/a 0.2%
Century Next Bank $115,000 n/a 0.2%
COUNTRYPLACE MORTGAGE, LTD. $170,000 $115,000 -32.4% 0.2%
HOME POINT FINANCIAL CORPORATION $95,000 $115,000 21.1% 0.2%
Figure Lending LLC $110,000 n/a 0.2%
Ally Bank $105,000 n/a 0.2%
Gateway First Bank $105,000 n/a 0.2%
The Home Loan Expert LLC $105,000 n/a 0.2%
Barrington Bank & Trust Company, N.A. $355,000 $95,000 -73.2% 0.2%
Citibank $95,000 n/a 0.2%
GENEVA FINANCIAL, LLC $85,000 n/a 0.2%
BROKER SOLUTIONS, INC. $75,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $75,000 n/a 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $65,000 n/a 0.1%
CSL Financial, LLC $65,000 n/a 0.1%
Discover Bank $55,000 n/a 0.1%
JPMorgan Chase Bank $115,000 $55,000 -52.2% 0.1%
First Security Bank $25,000 n/a 0.0%

Hope's top lender by overall market share is SWBC MORTGAGE CORPORATION, with 13.4% market share. In second place, with 13.3%, is Farmers Bank & Trust Company, having originated $6,845,000 in loans. In third place, with 9.0%, is QUICKEN LOANS, LLC, having originated $4,625,000 in loans. In third place, with 7.3%, is BancorpSouth Bank, having originated $3,745,000 in loans. In third place, with 6.1%, is The First National Bank of Tom Bean, having originated $3,130,000 in loans.


Hope, AR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 227 $24,395,000 $107,467
Refi 131 $17,545,000 $133,931
Cash Out Refi 72 $8,350,000 $115,972
Home Improvement 15 $635,000 $42,333
Other 6 $470,000 $78,333

Hope's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Refi, with 131 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 131 $16,675,000 $127,290
2.5-3% 91 $11,515,000 $126,538
4-5% 76 $8,010,000 $105,395
<2.5% 43 $5,705,000 $132,674
5-6% 20 $1,500,000 $75,000
6-7% 18 $1,370,000 $76,111
Over 8% 8 $730,000 $91,250
7-8% 7 $515,000 $73,571

During 2021, Hope's most frequently originated rate bucket was 3-4%, with 131 originations.

Loan Sizing (Hope, AR MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 214 $12,560,000 $58,692
$100k-200k 197 $27,235,000 $138,249
$200k-400k 36 $8,880,000 $246,667
$400k-600k 3 $1,455,000 $485,000
$Over $1MM 1 $1,265,000 $1,265,000

Hope's loan sizing saw the bucket of loans from $100,000 or less with 214 originations, totaling $12,560,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 203 $25,005,000 $123,177
60-80% 107 $11,605,000 $108,458
40-60% 41 $5,375,000 $131,098
20-40% 19 $1,055,000 $55,526
Under 20% 7 $195,000 $27,857
Over 100% 5 $1,255,000 $251,000

Hope's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 203 originations, totaling $25,005,000 in origination value.