HOT SPRINGS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hot Springs averaged
6.64%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.44% and
one month ago for the week of 2024-09-05, the
average rate was 6.67%.
Hot Springs's average rate one year ago was 7.71%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.76%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Hot Springs 30 Year Fixed Rate | 2024-10-10 | 6.64% |
| Hot Springs 30 Year Fixed Rate Refi | 2024-10-10 | 6.76% |
| Hot Springs 15 Year Fixed Rate | 2024-10-10 | 5.61% |
| Hot Springs 15 Year Fixed Rate Refi | 2024-10-10 | 5.41% |
| Hot Springs 30 Year FHA | 2024-10-10 | 6.37% |
| Hot Springs 30 Year FHA Refi | 2024-10-10 | 6.1% |
| Hot Springs 30 Year USDA | 2024-10-10 | 5.88% |
| Hot Springs 30 Year USDA Refi | 2024-10-10 | 5.98% |
| Hot Springs 30 Year VA | 2024-10-10 | 6.05% |
| Hot Springs 30 Year VA Refi | 2024-10-10 | 5.95% |
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 107 lenders originated 1,940
loans during 2023. The total origination value was $395,480,000, with an average loan value of
$203,856.
HOT SPRINGS's average closing costs are $4,101.
The top HOT SPRINGS lender as defined by loan originations is Arvest Bank, with
64 loans originated. Their average total fees are
$3,722, which is $2,633
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee HOT SPRINGS lenders (with over 10 loans originated) are
First Security Bank ($3,199), Simmons Bank ($3,660), Arvest Bank ($3,722), FIRST COMMUNITY MORTGAGE, INC. ($3,741) and Regions Bank ($3,985).
The lowest rate HOT SPRINGS lenders (with over 10 loans originated) are
First Security Bank (6.26%), ARKANSAS Federal Credit Union (6.35%), FIRST COMMUNITY MORTGAGE, INC. (6.47%), Citizens Bank (6.49%) and Arvest Bank (6.72%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Arvest Bank | $53,440,000 | $36,900,000 | -31.0% | 9.3% |
| SWBC MORTGAGE CORPORATION | $28,230,000 | $22,315,000 | -21.0% | 5.6% |
| QUICKEN LOANS, LLC | $35,325,000 | $18,840,000 | -46.7% | 4.8% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $16,695,000 | $18,725,000 | 12.2% | 4.7% |
| Regions Bank | $15,400,000 | $15,470,000 | 0.5% | 3.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,645,000 | $14,945,000 | 28.3% | 3.8% |
| FirstTrust Home Loans, Inc. | $16,780,000 | $12,605,000 | -24.9% | 3.2% |
| Southern Bancorp Bank | $21,115,000 | $11,505,000 | -45.5% | 2.9% |
| ARKANSAS Federal Credit Union | $14,800,000 | $10,750,000 | -27.4% | 2.7% |
| Simmons Bank | $27,520,000 | $10,560,000 | -61.6% | 2.7% |
| First Security Bank | $33,030,000 | $9,435,000 | -71.4% | 2.4% |
| ENCORE BANK | $5,615,000 | $9,240,000 | 64.6% | 2.3% |
| Relyance Bank | $6,475,000 | $8,580,000 | 32.5% | 2.2% |
| Citizens Bank | $20,760,000 | $7,530,000 | -63.7% | 1.9% |
| Mortgage Research Center, LLC | $9,830,000 | $7,260,000 | -26.1% | 1.8% |
| U.S. Bank | $12,700,000 | $6,495,000 | -48.9% | 1.6% |
| Chambers Bank | $6,415,000 | $6,190,000 | -3.5% | 1.6% |
| Diamond Bank | $7,965,000 | $5,120,000 | -35.7% | 1.3% |
| COMMUNITY MORTGAGE CORPORATION | $4,380,000 | $4,660,000 | 6.4% | 1.2% |
| First Service Bank | $4,785,000 | $4,095,000 | -14.4% | 1.0% |
| BancorpSouth | $9,405,000 | $4,025,000 | -57.2% | 1.0% |
| FLAT BRANCH MORTGAGE, INC. | $3,415,000 | $3,740,000 | 9.5% | 0.9% |
| FIRST COMMUNITY MORTGAGE, INC. | $4,575,000 | $3,715,000 | -18.8% | 0.9% |
| JPMorgan Chase Bank | $4,530,000 | $3,695,000 | -18.4% | 0.9% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $2,030,000 | $3,525,000 | 73.6% | 0.9% |
| EVERETT FINANCIAL, INC. | $5,760,000 | $3,515,000 | -39.0% | 0.9% |
| Eagle Bank and Trust Company | $5,125,000 | $3,435,000 | -33.0% | 0.9% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $3,735,000 | $3,305,000 | -11.5% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $4,500,000 | $3,135,000 | -30.3% | 0.8% |
| CORNERSTONE HOME LENDING, INC. | $2,100,000 | $2,735,000 | 30.2% | 0.7% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $365,000 | $2,565,000 | 602.7% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $2,790,000 | $2,435,000 | -12.7% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,200,000 | $2,405,000 | -24.8% | 0.6% |
| USAA Federal Savings Bank | $2,560,000 | $2,395,000 | -6.4% | 0.6% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,905,000 | $2,315,000 | 21.5% | 0.6% |
| GMFS LLC | $6,145,000 | $2,250,000 | -63.4% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $1,610,000 | $2,245,000 | 39.4% | 0.6% |
| First Community Bank | $1,220,000 | $2,190,000 | 79.5% | 0.6% |
| Bank of England | $6,385,000 | $2,100,000 | -67.1% | 0.5% |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $4,465,000 | $2,060,000 | -53.9% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $3,630,000 | $1,990,000 | -45.2% | 0.5% |
| TOP FLITE FINANCIAL, INC. | $2,475,000 | $1,955,000 | -21.0% | 0.5% |
| Malvern National Bank | $1,930,000 | n/a | 0.5% | |
| NEWREZ LLC | $1,445,000 | $1,920,000 | 32.9% | 0.5% |
| PENTAGON FEDERAL CREDIT UNION | $575,000 | $1,810,000 | 214.8% | 0.5% |
| Stifel Bank and Trust | $485,000 | $1,800,000 | 271.1% | 0.5% |
| 21ST MORTGAGE CORPORATION | $1,230,000 | $1,670,000 | 35.8% | 0.4% |
| CMG MORTGAGE, INC. | $355,000 | $1,645,000 | 363.4% | 0.4% |
| ORIX REAL ESTATE CAPITAL, LLC | $1,645,000 | n/a | 0.4% | |
| Bank OZK | $7,690,000 | $1,615,000 | -79.0% | 0.4% |
| Renasant Bank | $1,610,000 | n/a | 0.4% | |
| CALCON MUTUAL MORTGAGE LLC | $1,545,000 | n/a | 0.4% | |
| DEEPHAVEN MORTGAGE LLC | $1,525,000 | n/a | 0.4% | |
| Bank of America | $3,215,000 | $1,475,000 | -54.1% | 0.4% |
| The Farmers & Merchants Bank | $1,895,000 | $1,475,000 | -22.2% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,890,000 | $1,345,000 | -28.8% | 0.3% |
| First Horizon Bank | $3,490,000 | $1,310,000 | -62.5% | 0.3% |
| Gateway First Bank | $3,045,000 | $1,305,000 | -57.1% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $645,000 | $1,235,000 | 91.5% | 0.3% |
| First Arkansas Bank and Trust | $805,000 | $1,200,000 | 49.1% | 0.3% |
| Gateway Bank | $1,200,000 | n/a | 0.3% | |
| CHURCHILL MORTGAGE CORPORATION | $105,000 | $1,155,000 | 1,000.0% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $400,000 | $1,140,000 | 185.0% | 0.3% |
| LOANDEPOT.COM, LLC | $7,095,000 | $1,120,000 | -84.2% | 0.3% |
| The Citizens Bank | $2,740,000 | $995,000 | -63.7% | 0.3% |
| MOVEMENT MORTGAGE, LLC | $920,000 | $975,000 | 6.0% | 0.2% |
| CARDINAL FINANCIAL | $2,255,000 | $950,000 | -57.9% | 0.2% |
| The Federal Savings Bank | $1,165,000 | $950,000 | -18.5% | 0.2% |
| Farm Credit Services of Western Arkansas, ACA | $2,090,000 | $945,000 | -54.8% | 0.2% |
| Morgan Stanley Private Bank | $515,000 | $930,000 | 80.6% | 0.2% |
| First National Bank | $955,000 | $915,000 | -4.2% | 0.2% |
| BROKER SOLUTIONS, INC. | $3,060,000 | $880,000 | -71.2% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $875,000 | n/a | 0.2% | |
| Central Bank | $2,385,000 | $830,000 | -65.2% | 0.2% |
| Discover Bank | $490,000 | $815,000 | 66.3% | 0.2% |
| Servion, Inc. | $225,000 | $805,000 | 257.8% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $775,000 | n/a | 0.2% | |
| MidFirst Bank | $145,000 | $775,000 | 434.5% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,925,000 | $765,000 | -73.8% | 0.2% |
| STOCKTON MORTGAGE CORPORATION | $750,000 | n/a | 0.2% | |
| Wells Fargo Bank | $6,870,000 | $745,000 | -89.2% | 0.2% |
| United Community Bank | $170,000 | $740,000 | 335.3% | 0.2% |
| Stone Bank | $1,440,000 | $725,000 | -49.7% | 0.2% |
| BOKF | $690,000 | $705,000 | 2.2% | 0.2% |
| WILLOW BEND MORTGAGE COMPANY, LLC | $125,000 | $700,000 | 460.0% | 0.2% |
| CIS Financial Services, Inc. | $690,000 | n/a | 0.2% | |
| 93 | $680,000 | n/a | 0.2% | |
| MID AMERICA MORTGAGE, INC. | $325,000 | $650,000 | 100.0% | 0.2% |
| Citizens National Bank, N.A. | $645,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $550,000 | $625,000 | 13.6% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $740,000 | $615,000 | -16.9% | 0.2% |
| CLEARPATH LENDING | $730,000 | $600,000 | -17.8% | 0.2% |
| FBT Bank & Mortgage | $600,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $3,380,000 | $595,000 | -82.4% | 0.2% |
| Texas Gulf Bank | $545,000 | n/a | 0.1% | |
| The First National Bank of Fort Smith | $545,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $640,000 | $540,000 | -15.6% | 0.1% |
| Availa Bank | $525,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $950,000 | $520,000 | -45.3% | 0.1% |
| Investar Bank | $515,000 | n/a | 0.1% | |
| BNC National Bank | $505,000 | n/a | 0.1% | |
| Centennial Bank | $500,000 | $505,000 | 1.0% | 0.1% |
| THRIVE MORTGAGE, LLC | $505,000 | n/a | 0.1% | |
| TELCOE FEDERAL CREDIT UNION | $1,835,000 | $500,000 | -72.8% | 0.1% |
| Evolve Bank & Trust | $770,000 | $495,000 | -35.7% | 0.1% |
| GSF Mortgage Corporation | $490,000 | $490,000 | 0.0% | 0.1% |
| MERCHANTS & FARMERS BANK | $470,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $465,000 | n/a | 0.1% | |
| Great Southern Bank | $510,000 | $455,000 | -10.8% | 0.1% |
| MORTGAGE FINANCIAL SERVICES, LLC | $670,000 | $455,000 | -32.1% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $650,000 | $450,000 | -30.8% | 0.1% |
| State Bank of De Kalb | $4,360,000 | $450,000 | -89.7% | 0.1% |
| First Financial Bank | $410,000 | $435,000 | 6.1% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $685,000 | $435,000 | -36.5% | 0.1% |
| Prosperity Bank | $545,000 | $425,000 | -22.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $545,000 | $420,000 | -22.9% | 0.1% |
| Axos Bank | $165,000 | $405,000 | 145.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $805,000 | $400,000 | -50.3% | 0.1% |
| UNION HOME MORTGAGE CORP. | $930,000 | $400,000 | -57.0% | 0.1% |
| GUARANTEED RATE, INC. | $580,000 | $395,000 | -31.9% | 0.1% |
| Coastal Community Bank | $385,000 | n/a | 0.1% | |
| Farmers Bank & Trust Company | $1,455,000 | $385,000 | -73.5% | 0.1% |
| NP, Inc. | $385,000 | n/a | 0.1% | |
| Figure Lending LLC | $345,000 | $380,000 | 10.1% | 0.1% |
| OCMBC, INC. | $375,000 | n/a | 0.1% | |
| Armstrong Bank | $365,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $125,000 | $360,000 | 188.0% | 0.1% |
| PNC Bank | $455,000 | $355,000 | -22.0% | 0.1% |
| MORTGAGE INVESTORS GROUP, INC. | $1,670,000 | $350,000 | -79.0% | 0.1% |
| United Fidelity Funding Corp. | $345,000 | n/a | 0.1% | |
| NBKC BANK | $495,000 | $335,000 | -32.3% | 0.1% |
| S1L, Inc. | $325,000 | $335,000 | 3.1% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $335,000 | n/a | 0.1% | |
| BARTLETT MORTGAGE, INC. | $325,000 | n/a | 0.1% | |
| FirstBank | $765,000 | $315,000 | -58.8% | 0.1% |
| CHEVRON | $305,000 | n/a | 0.1% | |
| Pinnacle Bank | $305,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $925,000 | $300,000 | -67.6% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $295,000 | n/a | 0.1% | |
| Southwest Airlines Federal Credit Union | $290,000 | n/a | 0.1% | |
| First Federal Bank | $285,000 | n/a | 0.1% | |
| LOANPAL, LLC | $335,000 | $285,000 | -14.9% | 0.1% |
| Citadel Servicing Corporation | $275,000 | n/a | 0.1% | |
| Guaranty Bank & Trust, N.A. | $95,000 | $275,000 | 189.5% | 0.1% |
| GERSHMAN INVESTMENT CORP. | $345,000 | $270,000 | -21.7% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $230,000 | $265,000 | 15.2% | 0.1% |
| CRESCENT MORTGAGE COMPANY | $390,000 | $265,000 | -32.1% | 0.1% |
| RCB Bank | $265,000 | n/a | 0.1% | |
| The Huntington National Bank | $105,000 | $265,000 | 152.4% | 0.1% |
| Colonial Savings, F.A. | $245,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $730,000 | $245,000 | -66.4% | 0.1% |
| Northpointe Bank | $310,000 | $245,000 | -21.0% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $270,000 | $235,000 | -13.0% | 0.1% |
| The First National Bank of McGregor | $235,000 | n/a | 0.1% | |
| EASTMAN | $225,000 | n/a | 0.1% | |
| EMM LOANS LLC | $215,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $215,000 | n/a | 0.1% | |
| RED RIVER EMPLOYEES | $85,000 | $215,000 | 152.9% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $115,000 | $210,000 | 82.6% | 0.1% |
| AMCAP MORTGAGE, LTD. | $535,000 | $205,000 | -61.7% | 0.1% |
| Mid-Continent Funding, Inc. | $205,000 | n/a | 0.1% | |
| Southern Bank | $7,090,000 | $200,000 | -97.2% | 0.1% |
| Equity Prime Mortgage LLC | $195,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $230,000 | $190,000 | -17.4% | 0.0% |
| City Bank | $185,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $325,000 | $185,000 | -43.1% | 0.0% |
| PINE BLUFF COTTON BELT Federal Credit Union | $830,000 | $185,000 | -77.7% | 0.0% |
| Assurance Financial Group, L.L.C. | $180,000 | n/a | 0.0% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $165,000 | n/a | 0.0% | |
| UNIFY FINANCIAL Credit Union | $165,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $400,000 | $155,000 | -61.3% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $155,000 | n/a | 0.0% | |
| Community First National Bank | $105,000 | $155,000 | 47.6% | 0.0% |
| INTERCAP LENDING INC. | $155,000 | n/a | 0.0% | |
| Magnolia Bank | $305,000 | $150,000 | -50.8% | 0.0% |
| ASPIRE FINANCIAL, INC. | $405,000 | $145,000 | -64.2% | 0.0% |
| Century Next Bank | $105,000 | $145,000 | 38.1% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| Citibank | $125,000 | $140,000 | 12.0% | 0.0% |
| BETTER MORTGAGE CORPORATION | $1,620,000 | $125,000 | -92.3% | 0.0% |
| Cornerstone First Mortgage, Inc | $125,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $840,000 | $125,000 | -85.1% | 0.0% |
| GENEVA FINANCIAL, LLC | $125,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $530,000 | $125,000 | -76.4% | 0.0% |
| Nations Lending Corporation | $280,000 | $125,000 | -55.4% | 0.0% |
| A&D Mortgage LLC | $1,100,000 | $115,000 | -89.5% | 0.0% |
| ASSEMBLIES OF GOD Credit Union | $340,000 | $115,000 | -66.2% | 0.0% |
| CAPITAL CONCEPTS, INC. | $115,000 | n/a | 0.0% | |
| Equity Bank | $105,000 | n/a | 0.0% | |
| Flagstar Bank, FSB | $2,375,000 | $105,000 | -95.6% | 0.0% |
| FNBC Bank | $105,000 | n/a | 0.0% | |
| Truist | $2,860,000 | $105,000 | -96.3% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $85,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $400,000 | $75,000 | -81.3% | 0.0% |
HOT SPRINGS's top lender by overall market share is Arvest Bank, with 9.3% market share. In second place, with 5.6%, is SWBC MORTGAGE CORPORATION, having originated $22,315,000 in loans. In third place, with 4.8%, is QUICKEN LOANS, LLC, having originated $18,840,000 in loans. In fourth place, with 4.7%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $18,725,000 in loans. In fifth place, with 3.9%, is Regions Bank, having originated $15,470,000 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 MSA | $570 | $600 | $780 | $970 | $1,260 |
| 71902 | Hot Springs, AR MSA | $650 | $670 | $880 | $1,090 | $1,430 |
| 71903 | Hot Springs, AR MSA | $650 | $670 | $880 | $1,090 | $1,430 |
| 71909 | Hot Springs, AR MSA | $940 | $980 | $1,220 | $1,540 | $1,960 |
| 71910 | Hot Springs, AR MSA | $650 | $670 | $880 | $1,090 | $1,430 |
| 71913 | Hot Springs, AR MSA | $680 | $700 | $920 | $1,140 | $1,490 |
| 71914 | Hot Springs, AR MSA | $650 | $670 | $880 | $1,090 | $1,430 |
| 71933 | Hot Springs, AR MSA | $540 | $560 | $730 | $910 | $1,220 |
| 71949 | Hot Springs, AR MSA | $740 | $770 | $950 | $1,200 | $1,530 |
| 71956 | Hot Springs, AR MSA | $540 | $560 | $730 | $910 | $1,220 |
| 71964 | Hot Springs, AR MSA | $620 | $640 | $840 | $1,040 | $1,370 |
| 71968 | Hot Springs, AR MSA | $660 | $690 | $900 | $1,110 | $1,460 |
| 72087 | Hot Springs, AR MSA | $750 | $780 | $940 | $1,210 | $1,510 |
| 72104 | Hot Springs, AR MSA | $640 | $660 | $750 | $1,010 | $1,220 |
2022 Average & Median Rent Data Statistics
HOT SPRINGS, AR average 1BR rent: $687, median: $670
HOT SPRINGS, AR average 2BR rent: $877, median: $880
HOT SPRINGS, AR average 3BR rent: $1,100, median: $1,090
HOT SPRINGS, AR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,238 | $290,550,000 | $234,693 |
| Cash Out Refi | 189 | $36,975,000 | $195,635 |
| Refi | 186 | $40,830,000 | $219,516 |
| Other | 165 | $15,025,000 | $91,061 |
| Home Improvement | 162 | $12,100,000 | $74,691 |
Hot Springs's most frequently cited loan purpose was Home Purchase, with 1,238 originations. The 2nd most popular reason was Cash Out Refi, with 189 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 614 | $136,220,000 | $221,857 |
| 7-8% | 533 | $110,715,000 | $207,720 |
| Over 8% | 475 | $56,825,000 | $119,632 |
| 5-6% | 217 | $52,235,000 | $240,714 |
| 4-5% | 9 | $2,805,000 | $311,667 |
| <2.5% | 4 | $3,730,000 | $932,500 |
| 3-4% | 2 | $310,000 | $155,000 |
| 2.5-3% | 2 | $230,000 | $115,000 |
During 2023, Hot Springs's most frequently originated rate bucket was 6-7%, with 614 originations.
Loan Sizing (HOT SPRINGS, AR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 687 | $100,455,000 | $146,223 |
| $200k-400k | 544 | $147,450,000 | $271,048 |
| $100,000 or less | 535 | $30,135,000 | $56,327 |
| $400k-600k | 119 | $57,945,000 | $486,933 |
| $600k-1000k | 37 | $27,065,000 | $731,486 |
| $Over $1MM | 18 | $32,430,000 | $1,801,667 |
HOT SPRINGS's loan sizing saw the bucket of loans from $100k-200k with 687 originations, totaling $100,455,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 741 | $176,325,000 | $237,955 |
| 60-80% | 446 | $108,130,000 | $242,444 |
| 40-60% | 220 | $38,850,000 | $176,591 |
| Under 20% | 218 | $10,150,000 | $46,560 |
| 20-40% | 199 | $20,805,000 | $104,548 |
| Over 100% | 19 | $6,215,000 | $327,105 |
HOT SPRINGS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 741 originations, totaling $176,325,000 in origination value.