Arkansas
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 131,352
Total Mortgage Loan Application Amount $18,421,903,000
Average Mortgage Loan Application Amount $140,000
Highest Mortgage Loan Application Amount $29,410,000
Average Applicant Income $69,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Arkansas in 2016

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 70,708 $10,400,117,000 $147,000 $29,410,000 $67,000 $9,999,000
Refinancing 48,811 $7,453,218,000 $152,000 $26,650,000 $71,000 $5,124,000
Home Improvement 11,833 $568,568,000 $48,000 $21,802,000 $70,000 $8,832,000

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 89,276 $12,328,825,000 $138,000 $6,550,000 $81,000 $9,999,000
Not applicable 15,914 $2,927,607,000 $183,000 $29,410,000 $8,000 $2,174,000
Black or African American 10,473 $1,120,091,000 $106,000 $1,381,000 $54,000 $2,023,000
Not Provided 7,743 $1,016,984,000 $131,000 $1,832,000 $75,000 $3,600,000
Hispanic 5,067 $556,594,000 $109,000 $1,800,000 $54,000 $4,002,000
Asian 1,673 $307,719,000 $183,000 $1,399,000 $103,000 $3,000,000
American Indian or Alaskan Native 1,032 $138,392,000 $134,000 $2,622,000 $68,000 $2,500,000
Native Hawaiin or Other Pacific Islander 174 $25,691,000 $147,000 $502,000 $75,000 $550,000

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) 85,154 $12,021,227,000 $141,000 $29,410,000 $83,000 $9,999,000
FHA-insured (Federal Housing Administration) 24,754 $3,160,127,000 $127,000 $21,802,000 $44,000 $2,388,000
VA-guaranteed (Veterans Administration) 13,756 $2,351,971,000 $170,000 $1,635,000 $51,000 $4,611,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7,688 $888,578,000 $115,000 $1,399,000 $32,000 $816,000

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 65,762 $9,897,482,000 $150,000 $29,410,000 $80,000 $9,999,000
Application Denied By Financial Institution 24,690 $2,583,190,000 $104,000 $3,509,000 $61,000 $5,223,000
Loan Purchased By The Institution 20,883 $3,204,095,000 $153,000 $2,500,000 $39,000 $2,536,000
Application Withdrawn By Applicant 9,906 $1,495,148,000 $150,000 $7,540,000 $81,000 $8,832,000
File Closed For Incompleteness 5,599 $600,039,000 $107,000 $1,950,000 $56,000 $2,780,000
Application Approved But Not Accepted 4,510 $641,794,000 $142,000 $3,000,000 $80,000 $2,128,000
Preapproval Denied by Financial Institution 2 $155,000 $77,000 $80,000 $21,000 $22,000
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 3,355 $258,098,000 $76,000 $1,100,000 $65,000 $5,223,000
Debt-To-Income Ratio 2,144 $261,216,000 $121,000 $2,251,000 $55,000 $1,750,000
Collateral 1,727 $235,799,000 $136,000 $3,509,000 $77,000 $1,293,000
Credit Application Incomplete 1,050 $142,318,000 $135,000 $975,000 $74,000 $3,868,000
Other 740 $94,405,000 $127,000 $1,381,000 $84,000 $2,400,000
Unverifiable Information 263 $32,782,000 $124,000 $736,000 $76,000 $557,000
Insufficient Cash (Downpayment, Closing Cost) 239 $32,387,000 $135,000 $980,000 $67,000 $742,000
Employment History 162 $20,263,000 $125,000 $550,000 $58,000 $386,000
Mortgage Insurance Denied 3 $447,000 $149,000 $242,000 $63,000 $81,000
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Mortgage Loan Application Totals in 2016 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 28,440 $ 4,987,994,000 $ 175,000 $ 83,000
FORT SMITH, AR-OK 7,543 $ 958,679,000 $ 127,000 $ 61,000
HOT SPRINGS, AR 5,173 $ 721,370,000 $ 139,000 $ 75,000
JONESBORO, AR 6,015 $ 883,019,000 $ 146,000 $ 71,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 38,761 $ 6,087,862,000 $ 157,000 $ 70,000
PINE BLUFF, AR 2,669 $ 263,853,000 $ 98,000 $ 51,000
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Mortgage Loan Application Totals in 2016 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 539 $ 54,575,000 $ 101,000 $ 56,000
Ashley 449 $ 39,565,000 $ 88,000 $ 56,000
Baxter 1,900 $ 230,690,000 $ 121,000 $ 63,000
Benton 17,047 $ 3,061,635,000 $ 179,000 $ 83,000
Boone 1,682 $ 192,622,000 $ 114,000 $ 61,000
Bradley 181 $ 16,064,000 $ 88,000 $ 50,000
Calhoun 154 $ 11,712,000 $ 76,000 $ 45,000
Carroll 1,115 $ 141,635,000 $ 127,000 $ 72,000
Chicot 262 $ 27,805,000 $ 106,000 $ 60,000
Clark 746 $ 75,756,000 $ 101,000 $ 66,000
Clay 362 $ 26,642,000 $ 73,000 $ 50,000
Cleburne 1,419 $ 196,559,000 $ 138,000 $ 88,000
Cleveland 271 $ 26,573,000 $ 98,000 $ 55,000
Columbia 704 $ 73,128,000 $ 103,000 $ 63,000
Conway 780 $ 76,837,000 $ 98,000 $ 58,000
Craighead 5,186 $ 815,372,000 $ 157,000 $ 74,000
Crawford 2,578 $ 313,093,000 $ 121,000 $ 55,000
Crittenden 1,967 $ 225,480,000 $ 114,000 $ 60,000
Cross 756 $ 73,671,000 $ 97,000 $ 56,000
Dallas 197 $ 14,413,000 $ 73,000 $ 68,000
Desha 228 $ 18,471,000 $ 81,000 $ 51,000
Drew 504 $ 59,982,000 $ 119,000 $ 61,000
Faulkner 6,256 $ 923,759,000 $ 147,000 $ 64,000
Franklin 639 $ 61,376,000 $ 96,000 $ 50,000
Fulton 290 $ 30,646,000 $ 105,000 $ 56,000
Garland 5,192 $ 722,569,000 $ 139,000 $ 75,000
Grant 876 $ 98,505,000 $ 112,000 $ 56,000
Greene 2,034 $ 222,337,000 $ 109,000 $ 58,000
Hempstead 629 $ 48,364,000 $ 76,000 $ 54,000
Hot Spring 1,342 $ 126,965,000 $ 94,000 $ 55,000
Howard 389 $ 50,183,000 $ 129,000 $ 69,000
Independence 1,222 $ 140,241,000 $ 114,000 $ 61,000
Izard 342 $ 34,818,000 $ 101,000 $ 54,000
Jackson 462 $ 35,819,000 $ 77,000 $ 51,000
Jefferson 2,152 $ 216,433,000 $ 100,000 $ 50,000
Johnson 956 $ 98,316,000 $ 102,000 $ 53,000
Lafayette 175 $ 14,024,000 $ 80,000 $ 61,000
Lawrence 532 $ 35,560,000 $ 66,000 $ 53,000
Lee 121 $ 11,765,000 $ 97,000 $ 51,000
Lincoln 266 $ 22,175,000 $ 83,000 $ 54,000
Little River 383 $ 32,267,000 $ 84,000 $ 61,000
Logan 555 $ 52,884,000 $ 95,000 $ 54,000
Lonoke 4,208 $ 579,061,000 $ 137,000 $ 56,000
Madison 585 $ 68,790,000 $ 117,000 $ 61,000
Marion 669 $ 69,188,000 $ 103,000 $ 58,000
Miller 1,474 $ 166,501,000 $ 112,000 $ 61,000
Mississippi 1,249 $ 113,609,000 $ 90,000 $ 56,000
Monroe 142 $ 8,800,000 $ 61,000 $ 52,000
Montgomery 294 $ 27,589,000 $ 93,000 $ 77,000
Nevada 180 $ 13,698,000 $ 76,000 $ 56,000
Newton 253 $ 21,607,000 $ 85,000 $ 57,000
Ouachita 786 $ 69,595,000 $ 88,000 $ 56,000
Perry 345 $ 33,544,000 $ 97,000 $ 60,000
Phillips 340 $ 25,858,000 $ 76,000 $ 58,000
Pike 317 $ 33,248,000 $ 104,000 $ 71,000
Poinsett 835 $ 68,030,000 $ 81,000 $ 56,000
Polk 565 $ 68,173,000 $ 120,000 $ 54,000
Pope 2,437 $ 292,591,000 $ 120,000 $ 58,000
Prairie 251 $ 21,282,000 $ 84,000 $ 56,000
Pulaski 19,654 $ 3,360,000,000 $ 170,000 $ 78,000
Randolph 726 $ 64,638,000 $ 89,000 $ 54,000
Saline 7,488 $ 1,097,513,000 $ 146,000 $ 63,000
Scott 259 $ 26,292,000 $ 101,000 $ 55,000
Searcy 248 $ 21,571,000 $ 86,000 $ 65,000
Sebastian 4,994 $ 647,235,000 $ 129,000 $ 65,000
Sevier 387 $ 38,695,000 $ 99,000 $ 66,000
Sharp 567 $ 54,565,000 $ 96,000 $ 56,000
St. Francis 558 $ 44,583,000 $ 79,000 $ 55,000
Stone 420 $ 43,513,000 $ 103,000 $ 61,000
Union 1,593 $ 157,121,000 $ 98,000 $ 64,000
Van Buren 750 $ 82,687,000 $ 110,000 $ 68,000
Washington 10,830 $ 1,859,029,000 $ 171,000 $ 84,000
White 3,264 $ 383,303,000 $ 117,000 $ 61,000
Woodruff 133 $ 14,602,000 $ 109,000 $ 58,000
Yell 669 $ 69,120,000 $ 103,000 $ 51,000
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