AllMortgageDetail - Mortgage Application Details

Arkansas
Mortgage Loan Application
Totals and Details
in 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 107,691
Total Mortgage Loan Application Amount $13,603,537,000
Average Mortgage Loan Application Amount $126,000
Highest Mortgage Loan Application Amount $40,500,000
Average Applicant Income $66,000
Highest Applicant Income $5,574,000

Mortgage Loan Application Detail Totals for Arkansas in 2014

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 59,552 $7,921,718,000 $133,000 $40,478,000 $64,000 $4,594,000
Refinancing 37,855 $5,253,718,000 $138,000 $38,900,000 $69,000 $5,574,000
Home Improvement 10,284 $428,101,000 $41,000 $40,500,000 $66,000 $3,356,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 73,696 $9,027,961,000 $122,000 $2,800,000 $78,000 $5,574,000
Not applicable 13,524 $2,448,009,000 $181,000 $40,500,000 $7,000 $2,000,000
Black or African American 8,780 $819,983,000 $93,000 $1,400,000 $53,000 $1,485,000
Not Provided 5,839 $656,625,000 $112,000 $1,961,000 $69,000 $4,594,000
Hispanic 3,837 $363,495,000 $94,000 $1,000,000 $52,000 $4,359,000
Asian 1,217 $194,253,000 $159,000 $1,950,000 $100,000 $1,275,000
American Indian or Alaskan Native 649 $76,455,000 $117,000 $1,103,000 $63,000 $2,811,000
Native Hawaiin or Other Pacific Islander 149 $16,756,000 $112,000 $344,000 $57,000 $215,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 72,782 $9,155,733,000 $125,000 $40,500,000 $78,000 $5,574,000
FHA-insured (Federal Housing Administration) 16,871 $2,007,240,000 $118,000 $13,360,000 $42,000 $1,471,000
VA-guaranteed (Veterans Administration) 9,701 $1,527,503,000 $157,000 $939,000 $52,000 $1,105,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8,337 $913,061,000 $109,000 $2,400,000 $29,000 $961,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 52,611 $7,197,879,000 $136,000 $40,500,000 $80,000 $5,574,000
Application Denied By Financial Institution 22,025 $2,016,180,000 $91,000 $2,645,000 $56,000 $3,436,000
Loan Purchased By The Institution 18,015 $2,502,482,000 $138,000 $13,360,000 $33,000 $2,000,000
Application Withdrawn By Applicant 7,357 $1,008,596,000 $137,000 $2,800,000 $77,000 $4,594,000
Application Approved But Not Accepted 5,175 $544,108,000 $105,000 $6,339,000 $65,000 $1,848,000
File Closed For Incompleteness 2,504 $333,952,000 $133,000 $6,400,000 $75,000 $1,477,000
Preapproval Denied by Financial Institution 4 $340,000 $85,000 $112,000 $72,000 $160,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 4,038 $304,203,000 $75,000 $1,123,000 $56,000 $1,965,000
Debt-To-Income Ratio 1,772 $212,913,000 $120,000 $2,400,000 $53,000 $563,000
Collateral 1,548 $187,142,000 $120,000 $1,320,000 $76,000 $1,076,000
Other 802 $86,200,000 $107,000 $2,645,000 $64,000 $1,341,000
Credit Application Incomplete 747 $100,400,000 $134,000 $1,280,000 $77,000 $3,436,000
Unverifiable Information 258 $30,108,000 $116,000 $830,000 $68,000 $421,000
Insufficient Cash (Downpayment, Closing Cost) 202 $24,509,000 $121,000 $2,635,000 $55,000 $427,000
Employment History 138 $16,004,000 $115,000 $850,000 $57,000 $399,000
Mortgage Insurance Denied 11 $1,595,000 $145,000 $470,000 $61,000 $145,000

Mortgage Loan Application Totals in 2014 by Arkansas Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO 21,002 $ 3,308,563,000 $ 157,000 $ 79,000
FORT SMITH, AR-OK 6,473 $ 730,669,000 $ 112,000 $ 62,000
HOT SPRINGS, AR 4,163 $ 545,891,000 $ 131,000 $ 76,000
JONESBORO, AR 5,122 $ 681,487,000 $ 133,000 $ 69,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 31,590 $ 4,652,446,000 $ 147,000 $ 67,000
PINE BLUFF, AR 2,449 $ 225,147,000 $ 91,000 $ 50,000

Mortgage Loan Application Totals in 2014 by Arkansas County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Arkansas 443 $ 40,513,000 $ 91,000 $ 61,000
Ashley 362 $ 31,560,000 $ 87,000 $ 56,000
Baxter 1,633 $ 176,140,000 $ 107,000 $ 60,000
Benton 12,584 $ 1,998,764,000 $ 158,000 $ 80,000
Boone 1,294 $ 131,121,000 $ 101,000 $ 55,000
Bradley 159 $ 12,719,000 $ 79,000 $ 59,000
Calhoun 154 $ 9,783,000 $ 63,000 $ 71,000
Carroll 933 $ 97,154,000 $ 104,000 $ 65,000
Chicot 200 $ 18,526,000 $ 92,000 $ 75,000
Clark 625 $ 56,287,000 $ 90,000 $ 59,000
Clay 248 $ 14,406,000 $ 58,000 $ 48,000
Cleburne 1,098 $ 141,084,000 $ 128,000 $ 90,000
Cleveland 221 $ 19,793,000 $ 89,000 $ 58,000
Columbia 694 $ 67,943,000 $ 97,000 $ 60,000
Conway 635 $ 57,119,000 $ 89,000 $ 54,000
Craighead 4,384 $ 629,103,000 $ 143,000 $ 72,000
Crawford 2,148 $ 233,441,000 $ 108,000 $ 56,000
Crittenden 1,770 $ 169,707,000 $ 95,000 $ 50,000
Cross 664 $ 59,849,000 $ 90,000 $ 56,000
Dallas 157 $ 9,032,000 $ 57,000 $ 55,000
Desha 188 $ 13,556,000 $ 72,000 $ 56,000
Drew 376 $ 35,835,000 $ 95,000 $ 54,000
Faulkner 5,121 $ 713,655,000 $ 139,000 $ 64,000
Franklin 604 $ 55,970,000 $ 92,000 $ 55,000
Fulton 213 $ 20,440,000 $ 95,000 $ 49,000
Garland 4,189 $ 547,342,000 $ 130,000 $ 76,000
Grant 696 $ 67,368,000 $ 96,000 $ 57,000
Greene 1,384 $ 136,339,000 $ 98,000 $ 59,000
Hempstead 547 $ 37,885,000 $ 69,000 $ 55,000
Hot Spring 1,208 $ 103,712,000 $ 85,000 $ 54,000
Howard 324 $ 34,934,000 $ 107,000 $ 67,000
Independence 833 $ 85,922,000 $ 103,000 $ 57,000
Izard 310 $ 28,797,000 $ 92,000 $ 56,000
Jackson 392 $ 27,605,000 $ 70,000 $ 56,000
Jefferson 1,986 $ 186,522,000 $ 93,000 $ 49,000
Johnson 962 $ 89,033,000 $ 92,000 $ 47,000
Lafayette 139 $ 8,666,000 $ 62,000 $ 56,000
Lawrence 457 $ 26,419,000 $ 57,000 $ 49,000
Lee 119 $ 7,119,000 $ 59,000 $ 56,000
Lincoln 266 $ 20,228,000 $ 76,000 $ 51,000
Little River 306 $ 23,047,000 $ 75,000 $ 59,000
Logan 513 $ 43,727,000 $ 85,000 $ 52,000
Lonoke 3,650 $ 467,176,000 $ 127,000 $ 59,000
Madison 500 $ 51,626,000 $ 103,000 $ 59,000
Marion 568 $ 50,590,000 $ 89,000 $ 53,000
Miller 1,234 $ 126,779,000 $ 102,000 $ 63,000
Mississippi 1,254 $ 100,493,000 $ 80,000 $ 56,000
Monroe 149 $ 9,440,000 $ 63,000 $ 66,000
Montgomery 326 $ 30,381,000 $ 93,000 $ 75,000
Nevada 134 $ 9,040,000 $ 67,000 $ 54,000
Newton 200 $ 14,011,000 $ 70,000 $ 84,000
Ouachita 883 $ 64,457,000 $ 72,000 $ 53,000
Perry 333 $ 31,757,000 $ 95,000 $ 58,000
Phillips 346 $ 27,822,000 $ 80,000 $ 59,000
Pike 265 $ 23,011,000 $ 86,000 $ 71,000
Poinsett 742 $ 52,650,000 $ 70,000 $ 48,000
Polk 395 $ 40,373,000 $ 102,000 $ 61,000
Pope 1,999 $ 210,791,000 $ 105,000 $ 54,000
Prairie 186 $ 12,630,000 $ 67,000 $ 60,000
Pulaski 15,961 $ 2,529,580,000 $ 158,000 $ 73,000
Randolph 653 $ 49,194,000 $ 75,000 $ 56,000
Saline 5,982 $ 853,705,000 $ 142,000 $ 60,000
Scott 187 $ 18,135,000 $ 96,000 $ 56,000
Searcy 179 $ 13,486,000 $ 75,000 $ 51,000
Sebastian 4,344 $ 498,763,000 $ 114,000 $ 64,000
Sevier 343 $ 30,817,000 $ 89,000 $ 58,000
Sharp 415 $ 37,728,000 $ 90,000 $ 62,000
St. Francis 423 $ 32,495,000 $ 76,000 $ 51,000
Stone 337 $ 35,818,000 $ 106,000 $ 59,000
Union 1,560 $ 139,143,000 $ 89,000 $ 66,000
Van Buren 657 $ 60,713,000 $ 92,000 $ 56,000
Washington 7,929 $ 1,258,803,000 $ 158,000 $ 79,000
White 2,961 $ 326,207,000 $ 110,000 $ 55,000
Woodruff 113 $ 10,934,000 $ 96,000 $ 54,000
Yell 557 $ 52,996,000 $ 95,000 $ 52,000