HOT SPRINGS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hot Springs averaged
6.97%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.71% and
one month ago for the week of 2023-08-10, the
average rate was 6.65%.
Hot Springs's average rate one year ago was 5.78%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.56%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Hot Springs 30 Year Fixed Rate | 2023-09-14 | 6.97% |
| Hot Springs 30 Year Fixed Rate Refi | 2023-09-14 | 6.56% |
| Hot Springs 15 Year Fixed Rate | 2023-09-14 | 6.08% |
| Hot Springs 15 Year Fixed Rate Refi | 2023-09-14 | 5.71% |
| Hot Springs 30 Year FHA | 2023-09-14 | 6.69% |
| Hot Springs 30 Year FHA Refi | 2023-09-14 | 6.89% |
| Hot Springs 30 Year USDA | 2023-09-14 | 6.98% |
| Hot Springs 30 Year USDA Refi | 2023-09-14 | 7.18% |
| Hot Springs 30 Year VA | 2023-09-14 | 6.39% |
| Hot Springs 30 Year VA Refi | 2023-09-14 | 6.81% |
HOT SPRINGS 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 HOT SPRINGS, 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.).
HOT SPRINGS Average Closing Costs & Other Stats
HOT SPRINGS, AR's 135 lenders originated 2,706
loans during 2022. The total origination value was $586,810,000, with an average loan value of
$216,855.
HOT SPRINGS's average closing costs are $3,891.
The top HOT SPRINGS lender as defined by loan originations is QUICKEN LOANS, LLC, with
96 loans originated. Their average total fees are
$5,946, which is $2,306
higher than the next largest lender,
Arvest Bank.
The lowest fee HOT SPRINGS lenders (with over 10 loans originated) are
EVERETT FINANCIAL, INC. ($1,654), BANK OF LITTLE ROCK MORTGAGE CORPORATION ($2,631), COMMUNITY MORTGAGE CORPORATION ($2,679), Regions Bank ($2,909) and U.S. Bank ($3,029).
The lowest rate HOT SPRINGS lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (4.13%), ARKANSAS Federal Credit Union (4.35%), LOANDEPOT.COM, LLC (4.49%), BancorpSouth (4.56%) and FIRST COMMUNITY MORTGAGE, INC. (4.58%).
HOT SPRINGS, AR 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Arvest Bank | $55,135,000 | $53,440,000 | -3.1% | 9.1% |
| QUICKEN LOANS, LLC | $68,975,000 | $35,325,000 | -48.8% | 6.0% |
| First Security Bank | $465,000 | $33,030,000 | 7,003.2% | 5.6% |
| SWBC MORTGAGE CORPORATION | $43,090,000 | $28,230,000 | -34.5% | 4.8% |
| Simmons Bank | $32,340,000 | $27,520,000 | -14.9% | 4.7% |
| Southern Bancorp Bank | $17,995,000 | $21,115,000 | 17.3% | 3.6% |
| Citizens Bank | $25,325,000 | $20,760,000 | -18.0% | 3.5% |
| FirstTrust Home Loans, Inc. | $18,625,000 | $16,780,000 | -9.9% | 2.9% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $35,240,000 | $16,695,000 | -52.6% | 2.8% |
| Regions Bank | $24,240,000 | $15,400,000 | -36.5% | 2.6% |
| ARKANSAS Federal Credit Union | $19,390,000 | $14,800,000 | -23.7% | 2.5% |
| U.S. Bank | $20,540,000 | $12,700,000 | -38.2% | 2.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $16,980,000 | $11,645,000 | -31.4% | 2.0% |
| Mortgage Research Center, LLC | $15,730,000 | $9,830,000 | -37.5% | 1.7% |
| BancorpSouth Bank | $7,315,000 | $9,405,000 | 28.6% | 1.6% |
| Diamond Bank | $11,910,000 | $7,965,000 | -33.1% | 1.4% |
| Bank OZK | $4,965,000 | $7,690,000 | 54.9% | 1.3% |
| LOANDEPOT.COM, LLC | $14,750,000 | $7,095,000 | -51.9% | 1.2% |
| Southern Bank | $7,090,000 | n/a | 1.2% | |
| Wells Fargo Bank | $13,210,000 | $6,870,000 | -48.0% | 1.2% |
| Relyance Bank | $11,575,000 | $6,475,000 | -44.1% | 1.1% |
| Chambers Bank | $8,790,000 | $6,415,000 | -27.0% | 1.1% |
| Bank of England | $9,270,000 | $6,385,000 | -31.1% | 1.1% |
| GMFS LLC | $12,110,000 | $6,145,000 | -49.3% | 1.0% |
| EVERETT FINANCIAL, INC. | $5,110,000 | $5,760,000 | 12.7% | 1.0% |
| ENCORE BANK | $12,200,000 | $5,615,000 | -54.0% | 1.0% |
| Eagle Bank and Trust Company | $5,905,000 | $5,125,000 | -13.2% | 0.9% |
| First Service Bank | $3,210,000 | $4,785,000 | 49.1% | 0.8% |
| FIRST COMMUNITY MORTGAGE, INC. | $9,915,000 | $4,575,000 | -53.9% | 0.8% |
| JPMorgan Chase Bank | $4,950,000 | $4,530,000 | -8.5% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $13,525,000 | $4,500,000 | -66.7% | 0.8% |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $4,465,000 | n/a | 0.8% | |
| COMMUNITY MORTGAGE CORPORATION | $7,940,000 | $4,380,000 | -44.8% | 0.7% |
| State Bank of De Kalb | $2,895,000 | $4,360,000 | 50.6% | 0.7% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $13,375,000 | $3,735,000 | -72.1% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $6,085,000 | $3,630,000 | -40.3% | 0.6% |
| First Horizon Bank | $4,435,000 | $3,490,000 | -21.3% | 0.6% |
| FLAT BRANCH MORTGAGE, INC. | $2,635,000 | $3,415,000 | 29.6% | 0.6% |
| Carrington Mortgage Services, LLC | $1,495,000 | $3,380,000 | 126.1% | 0.6% |
| Bank of America | $4,590,000 | $3,215,000 | -30.0% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,330,000 | $3,200,000 | 37.3% | 0.5% |
| BROKER SOLUTIONS, INC. | $2,415,000 | $3,060,000 | 26.7% | 0.5% |
| Gateway First Bank | $3,370,000 | $3,045,000 | -9.6% | 0.5% |
| CALIBER HOME LOANS, INC. | $6,110,000 | $2,955,000 | -51.6% | 0.5% |
| NEW DAY FINANCIAL, LLC | $4,820,000 | $2,925,000 | -39.3% | 0.5% |
| Truist | $925,000 | $2,860,000 | 209.2% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $2,665,000 | $2,790,000 | 4.7% | 0.5% |
| The Citizens Bank | $2,590,000 | $2,740,000 | 5.8% | 0.5% |
| USAA Federal Savings Bank | $1,850,000 | $2,560,000 | 38.4% | 0.4% |
| TOP FLITE FINANCIAL, INC. | $2,855,000 | $2,475,000 | -13.3% | 0.4% |
| Central Bank | $2,385,000 | n/a | 0.4% | |
| Flagstar Bank, FSB | $185,000 | $2,375,000 | 1,183.8% | 0.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,200,000 | $2,255,000 | 87.9% | 0.4% |
| AMERICAN ADVISORS GROUP | $385,000 | $2,190,000 | 468.8% | 0.4% |
| CORNERSTONE HOME LENDING, INC. | $2,380,000 | $2,100,000 | -11.8% | 0.4% |
| Farm Credit Services of Western Arkansas, ACA | $1,580,000 | $2,090,000 | 32.3% | 0.4% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $4,185,000 | $2,030,000 | -51.5% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,215,000 | $1,905,000 | -14.0% | 0.3% |
| The Farmers & Merchants Bank | $25,000 | $1,895,000 | 7,480.0% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,065,000 | $1,890,000 | -8.5% | 0.3% |
| TELCOE FEDERAL CREDIT UNION | $1,450,000 | $1,835,000 | 26.6% | 0.3% |
| MORTGAGE INVESTORS GROUP, INC. | $925,000 | $1,670,000 | 80.5% | 0.3% |
| BETTER MORTGAGE CORPORATION | $5,015,000 | $1,620,000 | -67.7% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $14,360,000 | $1,610,000 | -88.8% | 0.3% |
| Ally Bank | $1,535,000 | $1,515,000 | -1.3% | 0.3% |
| Farmers Bank & Trust Company | $10,550,000 | $1,455,000 | -86.2% | 0.2% |
| NEWREZ LLC | $3,190,000 | $1,445,000 | -54.7% | 0.2% |
| Stone Bank | $1,440,000 | n/a | 0.2% | |
| 21ST MORTGAGE CORPORATION | $705,000 | $1,230,000 | 74.5% | 0.2% |
| First Community Bank | $2,750,000 | $1,220,000 | -55.6% | 0.2% |
| The Federal Savings Bank | $1,915,000 | $1,165,000 | -39.2% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $640,000 | $1,135,000 | 77.3% | 0.2% |
| A&D Mortgage LLC | $1,100,000 | n/a | 0.2% | |
| FINANCE OF AMERICA MORTGAGE LLC | $275,000 | $1,020,000 | 270.9% | 0.2% |
| Independent Bank | $985,000 | n/a | 0.2% | |
| First National Bank | $95,000 | $955,000 | 905.3% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $950,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $3,835,000 | $930,000 | -75.7% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $2,105,000 | $925,000 | -56.1% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $105,000 | $920,000 | 776.2% | 0.2% |
| DAS Acquisition Company, LLC | $1,250,000 | $840,000 | -32.8% | 0.1% |
| PINE BLUFF COTTON BELT Federal Credit Union | $830,000 | n/a | 0.1% | |
| Commerce Home Mortgage, Inc. | $805,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $170,000 | $805,000 | 373.5% | 0.1% |
| First Arkansas Bank and Trust | $1,030,000 | $805,000 | -21.8% | 0.1% |
| Evolve Bank & Trust | $425,000 | $770,000 | 81.2% | 0.1% |
| FirstBank | $380,000 | $765,000 | 101.3% | 0.1% |
| M&T Bank | $95,000 | $765,000 | 705.3% | 0.1% |
| Texana Bank | $370,000 | $755,000 | 104.1% | 0.1% |
| Trustmark National Bank | $610,000 | $750,000 | 23.0% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $815,000 | $740,000 | -9.2% | 0.1% |
| CLEARPATH LENDING | $930,000 | $730,000 | -21.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,155,000 | $730,000 | -36.8% | 0.1% |
| South State Bank | $725,000 | n/a | 0.1% | |
| BOKF | $715,000 | $690,000 | -3.5% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $705,000 | $685,000 | -2.8% | 0.1% |
| Hometown Equity Mortgage, LLC | $680,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $670,000 | n/a | 0.1% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $1,665,000 | $670,000 | -59.8% | 0.1% |
| BMO Harris Bank | $655,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $1,155,000 | $650,000 | -43.7% | 0.1% |
| PLANET HOME LENDING, LLC | $915,000 | $650,000 | -29.0% | 0.1% |
| Hamilton Mortgage Corporation | $645,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $1,370,000 | $645,000 | -52.9% | 0.1% |
| HOME POINT FINANCIAL CORPORATION | $2,060,000 | $640,000 | -68.9% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $1,260,000 | $640,000 | -49.2% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,485,000 | $610,000 | -58.9% | 0.1% |
| GUARANTEED RATE, INC. | $2,370,000 | $580,000 | -75.5% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,095,000 | $575,000 | -72.6% | 0.1% |
| Anstaff Bank | $565,000 | n/a | 0.1% | |
| AMERICAN MORTGAGE SERVICE COMPANY | $555,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,195,000 | $550,000 | -54.0% | 0.1% |
| Prosperity Bank | $545,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $1,050,000 | $545,000 | -48.1% | 0.1% |
| AMCAP MORTGAGE, LTD. | $865,000 | $535,000 | -38.2% | 0.1% |
| GUILD MORTGAGE COMPANY | $530,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $1,215,000 | $515,000 | -57.6% | 0.1% |
| Origin Bank | $600,000 | $515,000 | -14.2% | 0.1% |
| Armed Forces Bank | $510,000 | n/a | 0.1% | |
| Great Southern Bank | $575,000 | $510,000 | -11.3% | 0.1% |
| Centennial Bank | $3,590,000 | $500,000 | -86.1% | 0.1% |
| Low VA Rates, LLC | $690,000 | $495,000 | -28.3% | 0.1% |
| NBKC BANK | $2,245,000 | $495,000 | -78.0% | 0.1% |
| Waterstone Mortgage Corporation | $880,000 | $495,000 | -43.8% | 0.1% |
| Discover Bank | $265,000 | $490,000 | 84.9% | 0.1% |
| GSF Mortgage Corporation | $915,000 | $490,000 | -46.4% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $485,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $115,000 | $485,000 | 321.7% | 0.1% |
| PNC Bank | $1,070,000 | $455,000 | -57.5% | 0.1% |
| PHH Mortgage Corporation | $670,000 | $445,000 | -33.6% | 0.1% |
| Quail Creek Bank | $285,000 | $435,000 | 52.6% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $425,000 | n/a | 0.1% | |
| First Financial Bank | $2,000,000 | $410,000 | -79.5% | 0.1% |
| ASPIRE FINANCIAL, INC. | $405,000 | $405,000 | 0.0% | 0.1% |
| American Airlines Federal Credit Union | $400,000 | n/a | 0.1% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,495,000 | $400,000 | -73.2% | 0.1% |
| RESIDENTIAL BANCORP. | $165,000 | $400,000 | 142.4% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $400,000 | n/a | 0.1% | |
| RBC Bank, (Georgia) | $395,000 | n/a | 0.1% | |
| CRESCENT MORTGAGE COMPANY | $485,000 | $390,000 | -19.6% | 0.1% |
| MORIA DEVELOPMENT, INC. | $390,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $385,000 | n/a | 0.1% | |
| Plains Commerce Bank | $590,000 | $385,000 | -34.7% | 0.1% |
| KeyBank | $370,000 | n/a | 0.1% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $365,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $310,000 | $355,000 | 14.5% | 0.1% |
| CARTER FEDERAL CREDIT UNION | $345,000 | n/a | 0.1% | |
| Figure Lending LLC | $350,000 | $345,000 | -1.4% | 0.1% |
| GERSHMAN INVESTMENT CORP. | $105,000 | $345,000 | 228.6% | 0.1% |
| ASSEMBLIES OF GOD Credit Union | $340,000 | n/a | 0.1% | |
| LOANPAL, LLC | $335,000 | n/a | 0.1% | |
| The Home Loan Expert LLC | $185,000 | $335,000 | 81.1% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $270,000 | $325,000 | 20.4% | 0.1% |
| ENVOY MORTGAGE, LTD | $325,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $1,215,000 | $325,000 | -73.3% | 0.1% |
| S1L, Inc. | $325,000 | n/a | 0.1% | |
| Northpointe Bank | $695,000 | $310,000 | -55.4% | 0.1% |
| Magnolia Bank | $540,000 | $305,000 | -43.5% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $295,000 | n/a | 0.1% | |
| Nations Lending Corporation | $930,000 | $280,000 | -69.9% | 0.0% |
| First Guaranty Mortgage Corporation | $410,000 | $275,000 | -32.9% | 0.0% |
| Generations Bank | $975,000 | $275,000 | -71.8% | 0.0% |
| Planters Bank & Trust Company | $275,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $95,000 | $270,000 | 184.2% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $265,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $325,000 | $260,000 | -20.0% | 0.0% |
| The First National Bank of Albany | $255,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $770,000 | $255,000 | -66.9% | 0.0% |
| Fifth Third Bank | $245,000 | n/a | 0.0% | |
| FIRST NATIONAL BANK OF WEATHERFORD | $235,000 | n/a | 0.0% | |
| Hometown Lenders, Inc. | $235,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $180,000 | $230,000 | 27.8% | 0.0% |
| LENDINGONE, LLC | $230,000 | n/a | 0.0% | |
| BAY EQUITY LLC | $225,000 | n/a | 0.0% | |
| MORTGAGE ACCESS CORP. | $205,000 | $225,000 | 9.8% | 0.0% |
| Servion, Inc. | $800,000 | $225,000 | -71.9% | 0.0% |
| The Bank of Fayette County | $225,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $215,000 | n/a | 0.0% | |
| First National Bank of America | $135,000 | $210,000 | 55.6% | 0.0% |
| Cf Bank | $525,000 | $205,000 | -61.0% | 0.0% |
| MICHIGAN MUTUAL, INC. | $200,000 | n/a | 0.0% | |
| AVB Bank | $195,000 | n/a | 0.0% | |
| Vantage Bank Texas | $195,000 | n/a | 0.0% | |
| SENTE MORTGAGE, INC. | $500,000 | $190,000 | -62.0% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $185,000 | n/a | 0.0% | |
| Sabine State Bank and Trust Company | $185,000 | n/a | 0.0% | |
| ALTRA | $175,000 | n/a | 0.0% | |
| ARC HOME LLC | $175,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $780,000 | $175,000 | -77.6% | 0.0% |
| KELLER MORTGAGE, LLC | $780,000 | $175,000 | -77.6% | 0.0% |
| The Central Trust Bank | $175,000 | n/a | 0.0% | |
| United Community Bank | $170,000 | n/a | 0.0% | |
| Axos Bank | $440,000 | $165,000 | -62.5% | 0.0% |
| Sunflower Bank | $205,000 | $165,000 | -19.5% | 0.0% |
| Austin Capital Bank SSB | $145,000 | n/a | 0.0% | |
| FIDELITY BANK | $145,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $1,195,000 | $145,000 | -87.9% | 0.0% |
| MidFirst Bank | $145,000 | n/a | 0.0% | |
| Operating Engineers Local Union #3 | $145,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $105,000 | $135,000 | 28.6% | 0.0% |
| Citibank | $135,000 | $125,000 | -7.4% | 0.0% |
| DELMAR FINANCIAL COMPANY | $265,000 | $125,000 | -52.8% | 0.0% |
| SILVER HILL FUNDING, LLC | $125,000 | n/a | 0.0% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $700,000 | $125,000 | -82.1% | 0.0% |
| ZILLOW HOME LOANS, LLC | $1,190,000 | $125,000 | -89.5% | 0.0% |
| BARKSDALE | $120,000 | n/a | 0.0% | |
| Firstar Bank | $115,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $900,000 | $115,000 | -87.2% | 0.0% |
| HOMESTAR FINANCIAL CORPORATION | $115,000 | n/a | 0.0% | |
| LENDING 3, INC. | $115,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $125,000 | $115,000 | -8.0% | 0.0% |
| Century Next Bank | $330,000 | $105,000 | -68.2% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $1,215,000 | $105,000 | -91.4% | 0.0% |
| CITIZENS EQUITY FIRST | $105,000 | n/a | 0.0% | |
| Community First National Bank | $105,000 | n/a | 0.0% | |
| First National Bank of Eastern Arkansas | $105,000 | n/a | 0.0% | |
| Guaranty Bank and Trust Company | $315,000 | $105,000 | -66.7% | 0.0% |
| LOS ANGELES POLICE Federal Credit Union | $105,000 | n/a | 0.0% | |
| NexBank | $105,000 | n/a | 0.0% | |
| The Huntington National Bank | $105,000 | n/a | 0.0% | |
| Guaranty Bank & Trust, N.A. | $635,000 | $95,000 | -85.0% | 0.0% |
| LIMA ONE CAPITAL, LLC | $125,000 | $95,000 | -24.0% | 0.0% |
| Home Federal Bank | $270,000 | $85,000 | -68.5% | 0.0% |
| RED RIVER EMPLOYEES | $145,000 | $85,000 | -41.4% | 0.0% |
| Chicago Mortgage Solutions LLC | $75,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $55,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $95,000 | $55,000 | -42.1% | 0.0% |
HOT SPRINGS's top lender by overall market share is Arvest Bank, with 9.1% market share. In second place, with 6.0%, is QUICKEN LOANS, LLC, having originated $35,325,000 in loans. In third place, with 5.6%, is First Security Bank, having originated $33,030,000 in loans. In fourth place, with 4.8%, is SWBC MORTGAGE CORPORATION, having originated $28,230,000 in loans. In fifth place, with 4.7%, is Simmons Bank, having originated $27,520,000 in loans.
HOT SPRINGS, AR Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 71901 | Hot Springs, AR | $530 | $550 | $720 | $910 | $1,210 |
| 71902 | Hot Springs, AR | $590 | $620 | $810 | $1,010 | $1,360 |
| 71903 | Hot Springs, AR | $590 | $620 | $810 | $1,010 | $1,360 |
| 71909 | Hot Springs, AR | $870 | $900 | $1,130 | $1,440 | $1,860 |
| 71910 | Hot Springs, AR | $590 | $620 | $810 | $1,010 | $1,360 |
| 71913 | Hot Springs, AR | $610 | $630 | $830 | $1,030 | $1,390 |
| 71914 | Hot Springs, AR | $590 | $620 | $810 | $1,010 | $1,360 |
| 71933 | Hot Springs, AR | $520 | $550 | $720 | $910 | $1,180 |
| 71949 | Hot Springs, AR | $670 | $690 | $870 | $1,110 | $1,430 |
| 71956 | Hot Springs, AR | $520 | $550 | $720 | $910 | $1,180 |
| 71964 | Hot Springs, AR | $550 | $580 | $760 | $950 | $1,270 |
| 71968 | Hot Springs, AR | $580 | $610 | $800 | $1,000 | $1,340 |
| 72087 | Hot Springs, AR | $680 | $700 | $850 | $1,100 | $1,390 |
| 72104 | Hot Springs, AR | $640 | $670 | $770 | $1,030 | $1,210 |
2022 Average & Median Rent Data Statistics
HOT SPRINGS, AR average 1BR rent: $636, median: $620
HOT SPRINGS, AR average 2BR rent: $815, median: $810
HOT SPRINGS, AR average 3BR rent: $1,031, median: $1,010
HOT SPRINGS, AR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,555 | $390,955,000 | $251,418 |
| Cash Out Refi | 413 | $79,735,000 | $193,063 |
| Refi | 388 | $86,440,000 | $222,784 |
| Home Improvement | 206 | $15,940,000 | $77,379 |
| Other | 144 | $13,740,000 | $95,417 |
Hot Springs's most frequently cited loan purpose was Home Purchase, with 1,555 originations. The 2nd most popular reason was Cash Out Refi, with 413 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 687 | $146,025,000 | $212,555 |
| 4-5% | 669 | $157,965,000 | $236,121 |
| 3-4% | 584 | $145,740,000 | $249,555 |
| 6-7% | 319 | $55,225,000 | $173,119 |
| 2.5-3% | 120 | $25,880,000 | $215,667 |
| 7-8% | 116 | $17,900,000 | $154,310 |
| Over 8% | 69 | $5,965,000 | $86,449 |
| <2.5% | 46 | $9,010,000 | $195,870 |
During 2022, Hot Springs's most frequently originated rate bucket was 5-6%, with 687 originations.
Loan Sizing (HOT SPRINGS, AR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,010 | $146,510,000 | $145,059 |
| $200k-400k | 761 | $208,275,000 | $273,686 |
| $100,000 or less | 681 | $40,655,000 | $59,699 |
| $400k-600k | 163 | $77,625,000 | $476,227 |
| $600k-1000k | 67 | $49,955,000 | $745,597 |
| $Over $1MM | 24 | $63,790,000 | $2,657,917 |
HOT SPRINGS's loan sizing saw the bucket of loans from $100k-200k with 1,010 originations, totaling $146,510,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 976 | $248,230,000 | $254,334 |
| 60-80% | 820 | $195,290,000 | $238,159 |
| 40-60% | 338 | $69,930,000 | $206,893 |
| 20-40% | 225 | $28,905,000 | $128,467 |
| Under 20% | 209 | $8,755,000 | $41,890 |
| Over 100% | 34 | $11,350,000 | $333,824 |
HOT SPRINGS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 976 originations, totaling $248,230,000 in origination value.