Arkansas
Mortgage Loan Application
Totals and Details
in 2017

Find mortgage statistics for Arkansas.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of Arkansas.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 125,392
Total Mortgage Loan Application Amount $17,758,374,000
Average Mortgage Loan Application Amount $141,000
Highest Mortgage Loan Application Amount $40,500,000
Average Applicant Income $69,000
Highest Applicant Income $9,999,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending statistics in Arkansas, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists are also able to be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Arkansas in 2017

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 75,648 $11,353,100,000 $150,000 $40,500,000 $68,000 $9,999,000
Refinancing 38,382 $5,802,983,000 $151,000 $26,276,000 $71,000 $7,295,000
Home Improvement 11,362 $602,291,000 $53,000 $25,489,000 $69,000 $5,848,000

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 82,904 $11,316,537,000 $136,000 $5,000,000 $82,000 $9,999,000
Not applicable 16,317 $3,284,739,000 $201,000 $40,500,000 $7,000 $2,491,000
Black or African American 9,648 $1,008,687,000 $104,000 $1,381,000 $56,000 $2,804,000
Not Provided 8,341 $1,093,402,000 $131,000 $2,282,000 $76,000 $3,183,000
Hispanic 5,248 $588,080,000 $112,000 $1,279,000 $57,000 $2,190,000
Asian 1,649 $290,810,000 $176,000 $1,707,000 $101,000 $1,346,000
American Indian or Alaskan Native 1,072 $146,577,000 $136,000 $10,000,000 $68,000 $2,366,000
Native Hawaiin or Other Pacific Islander 213 $29,542,000 $138,000 $1,214,000 $80,000 $1,225,000

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) 80,951 $11,528,141,000 $142,000 $40,500,000 $82,000 $9,999,000
FHA-insured (Federal Housing Administration) 22,966 $3,021,523,000 $131,000 $26,276,000 $44,000 $3,183,000
VA-guaranteed (Veterans Administration) 13,112 $2,248,200,000 $171,000 $10,000,000 $56,000 $3,000,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8,363 $960,510,000 $114,000 $1,399,000 $29,000 $800,000

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 62,259 $9,640,944,000 $154,000 $40,500,000 $80,000 $7,295,000
Application Denied By Financial Institution 21,500 $2,058,097,000 $95,000 $10,000,000 $58,000 $5,848,000
Loan Purchased By The Institution 20,673 $3,154,451,000 $152,000 $7,375,000 $38,000 $1,104,000
Application Withdrawn By Applicant 10,783 $1,587,399,000 $147,000 $15,000,000 $77,000 $9,999,000
File Closed For Incompleteness 5,114 $599,346,000 $117,000 $26,276,000 $61,000 $5,257,000
Application Approved But Not Accepted 5,050 $716,682,000 $141,000 $6,864,000 $83,000 $2,580,000
Preapproval Denied by Financial Institution 8 $842,000 $105,000 $160,000 $55,000 $117,000
Preapproval Approved but not Accepted 5 $613,000 $122,000 $150,000 $62,000 $90,000

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 3,006 $245,593,000 $81,000 $3,500,000 $62,000 $2,000,000
Debt-To-Income Ratio 2,130 $259,450,000 $121,000 $3,000,000 $53,000 $1,000,000
Collateral 1,629 $203,809,000 $125,000 $2,047,000 $74,000 $988,000
Credit Application Incomplete 1,068 $142,337,000 $133,000 $1,381,000 $83,000 $1,560,000
Other 722 $88,232,000 $122,000 $2,100,000 $72,000 $2,300,000
Unverifiable Information 216 $29,358,000 $135,000 $745,000 $83,000 $911,000
Insufficient Cash (Downpayment, Closing Cost) 194 $24,034,000 $123,000 $500,000 $66,000 $592,000
Employment History 161 $20,426,000 $126,000 $458,000 $54,000 $426,000
Mortgage Insurance Denied 4 $610,000 $152,000 $247,000 $78,000 $142,000
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Mortgage Loan Application Totals in 2017 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 26,941 $ 4,854,597,000 $ 180,000 $ 82,000
FORT SMITH, AR-OK 7,311 $ 933,228,000 $ 127,000 $ 63,000
HOT SPRINGS, AR 4,912 $ 718,038,000 $ 146,000 $ 74,000
JONESBORO, AR 5,990 $ 860,248,000 $ 143,000 $ 69,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 35,118 $ 5,731,785,000 $ 163,000 $ 71,000
PINE BLUFF, AR 2,561 $ 258,282,000 $ 100,000 $ 53,000
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Mortgage Loan Application Totals in 2017 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 500 $ 48,192,000 $ 96,000 $ 51,000
Ashley 494 $ 38,705,000 $ 78,000 $ 52,000
Baxter 1,716 $ 203,469,000 $ 118,000 $ 63,000
Benton 16,152 $ 2,969,424,000 $ 183,000 $ 83,000
Boone 1,506 $ 161,790,000 $ 107,000 $ 54,000
Bradley 251 $ 20,301,000 $ 80,000 $ 49,000
Calhoun 145 $ 9,958,000 $ 68,000 $ 58,000
Carroll 1,103 $ 144,276,000 $ 130,000 $ 69,000
Chicot 242 $ 19,522,000 $ 80,000 $ 62,000
Clark 659 $ 69,519,000 $ 105,000 $ 75,000
Clay 401 $ 32,245,000 $ 80,000 $ 59,000
Cleburne 1,229 $ 163,647,000 $ 133,000 $ 83,000
Cleveland 261 $ 25,774,000 $ 98,000 $ 63,000
Columbia 662 $ 64,041,000 $ 96,000 $ 62,000
Conway 821 $ 78,483,000 $ 95,000 $ 55,000
Craighead 5,191 $ 794,889,000 $ 153,000 $ 71,000
Crawford 2,550 $ 300,005,000 $ 117,000 $ 55,000
Crittenden 1,997 $ 227,044,000 $ 113,000 $ 53,000
Cross 717 $ 71,758,000 $ 100,000 $ 55,000
Dallas 160 $ 10,902,000 $ 68,000 $ 47,000
Desha 264 $ 20,185,000 $ 76,000 $ 55,000
Drew 481 $ 54,577,000 $ 113,000 $ 52,000
Faulkner 6,057 $ 927,444,000 $ 153,000 $ 67,000
Franklin 650 $ 63,858,000 $ 98,000 $ 53,000
Fulton 291 $ 32,719,000 $ 112,000 $ 64,000
Garland 4,928 $ 719,096,000 $ 145,000 $ 73,000
Grant 794 $ 91,826,000 $ 115,000 $ 52,000
Greene 2,070 $ 245,554,000 $ 118,000 $ 61,000
Hempstead 567 $ 48,180,000 $ 84,000 $ 53,000
Hot Spring 1,296 $ 122,201,000 $ 94,000 $ 55,000
Howard 430 $ 53,347,000 $ 124,000 $ 57,000
Independence 1,229 $ 133,436,000 $ 108,000 $ 66,000
Izard 378 $ 39,675,000 $ 104,000 $ 62,000
Jackson 394 $ 32,351,000 $ 82,000 $ 55,000
Jefferson 2,043 $ 208,552,000 $ 102,000 $ 51,000
Johnson 1,053 $ 104,033,000 $ 98,000 $ 56,000
Lafayette 172 $ 12,070,000 $ 70,000 $ 64,000
Lawrence 546 $ 40,787,000 $ 74,000 $ 56,000
Lee 126 $ 8,240,000 $ 65,000 $ 38,000
Lincoln 297 $ 26,272,000 $ 88,000 $ 56,000
Little River 435 $ 35,615,000 $ 81,000 $ 61,000
Logan 595 $ 55,512,000 $ 93,000 $ 58,000
Lonoke 4,067 $ 580,730,000 $ 142,000 $ 56,000
Madison 592 $ 66,105,000 $ 111,000 $ 62,000
Marion 681 $ 65,112,000 $ 95,000 $ 56,000
Miller 1,456 $ 188,240,000 $ 129,000 $ 68,000
Mississippi 1,317 $ 118,033,000 $ 89,000 $ 58,000
Monroe 169 $ 11,455,000 $ 67,000 $ 45,000
Montgomery 310 $ 30,143,000 $ 97,000 $ 68,000
Nevada 163 $ 11,497,000 $ 70,000 $ 48,000
Newton 220 $ 19,465,000 $ 88,000 $ 51,000
Ouachita 752 $ 60,823,000 $ 80,000 $ 56,000
Perry 402 $ 36,445,000 $ 90,000 $ 57,000
Phillips 307 $ 23,001,000 $ 74,000 $ 57,000
Pike 272 $ 26,246,000 $ 96,000 $ 66,000
Poinsett 808 $ 65,888,000 $ 81,000 $ 55,000
Polk 562 $ 67,805,000 $ 120,000 $ 60,000
Pope 2,393 $ 274,411,000 $ 114,000 $ 57,000
Prairie 251 $ 18,883,000 $ 75,000 $ 54,000
Pulaski 17,074 $ 3,082,585,000 $ 180,000 $ 80,000
Randolph 744 $ 70,574,000 $ 94,000 $ 63,000
Saline 6,817 $ 1,019,117,000 $ 149,000 $ 65,000
Scott 297 $ 26,260,000 $ 88,000 $ 53,000
Searcy 275 $ 25,168,000 $ 91,000 $ 55,000
Sebastian 4,786 $ 634,629,000 $ 132,000 $ 67,000
Sevier 456 $ 47,414,000 $ 103,000 $ 58,000
Sharp 632 $ 57,447,000 $ 90,000 $ 58,000
St. Francis 517 $ 43,875,000 $ 84,000 $ 60,000
Stone 404 $ 44,946,000 $ 111,000 $ 56,000
Union 1,519 $ 149,991,000 $ 98,000 $ 69,000
Van Buren 711 $ 74,263,000 $ 104,000 $ 65,000
Washington 10,221 $ 1,821,139,000 $ 178,000 $ 83,000
White 3,084 $ 355,276,000 $ 115,000 $ 60,000
Woodruff 120 $ 9,392,000 $ 78,000 $ 50,000
Yell 670 $ 65,291,000 $ 97,000 $ 51,000

We hope these totals and details for mortgage applications will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in AR.

If you prefer, you can download a copy of the entire list of mortgage lenders in Arkansas, and search similar information back through 2003.

Download the Arkansas Lender List