Arkansas
Mortgage Loan Application
Totals and Details
in 2020

Find mortgage statistics and mortgage data for Arkansas.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2020 in all of Arkansas.
You can organize this information by metropolitan area and by county.

Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 182,623
Total Mortgage Loan Application Amount $32,455,005,000
Average Mortgage Loan Application Amount $177,000
Highest Mortgage Loan Application Amount $37,925,000
Average Applicant Income $99,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Arkansas, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also 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 2020

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 83,448 $14,700,930,000 $176,000 $24,105,000 $87,000 $9,999,000
Refinancing 64,039 $12,709,315,000 $198,000 $37,925,000 $114,000 $9,999,000
Cash-out Refinancing 19,794 $3,754,010,000 $189,000 $13,055,000 $103,000 $7,200,000
Other Purpose 5,777 $497,535,000 $86,000 $1,645,000 $104,000 $7,852,000
Home Improvement 5,495 $347,275,000 $63,000 $1,695,000 $101,000 $4,173,000
Not Applicable 4,070 $445,940,000 $109,000 $1,335,000 $74,000 $300,000

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 119,446 $20,847,520,000 $174,000 $7,305,000 $102,000 $9,999,000
Not applicable 23,157 $5,070,895,000 $218,000 $37,925,000 $100,000 $1,061,000
Not Provided 15,869 $2,800,145,000 $176,000 $2,005,000 $104,000 $9,999,000
Black or African American 11,405 $1,604,045,000 $140,000 $1,865,000 $69,000 $2,940,000
Hispanic 7,492 $1,103,780,000 $147,000 $1,085,000 $69,000 $5,700,000
Asian 3,137 $662,725,000 $211,000 $1,805,000 $122,000 $2,742,000
American Indian or Alaskan Native 1,414 $226,530,000 $160,000 $865,000 $84,000 $2,231,000
Native Hawaiian or Other Pacific Islander 152 $23,860,000 $156,000 $435,000 $68,000 $450,000

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) 125,783 $22,751,985,000 $180,000 $24,105,000 $109,000 $9,999,000
FHA-insured (Federal Housing Administration) 24,988 $3,883,540,000 $155,000 $37,925,000 $62,000 $9,999,000
VA-guaranteed (Veterans Administration) 22,171 $4,518,675,000 $203,000 $1,365,000 $72,000 $1,053,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 9,681 $1,300,805,000 $134,000 $855,000 $48,000 $420,000

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 100,051 $19,142,485,000 $191,000 $37,925,000 $104,000 $9,999,000
Loan Purchased By The Institution 27,188 $4,908,320,000 $180,000 $3,505,000 $106,000 $7,363,000
Application Denied By Financial Institution 22,386 $2,744,330,000 $122,000 $22,775,000 $74,000 $5,700,000
Application Withdrawn By Applicant 20,743 $3,844,965,000 $185,000 $14,875,000 $104,000 $9,999,000
File Closed For Incompleteness 8,282 $1,216,960,000 $146,000 $1,795,000 $84,000 $5,040,000
Application Approved But Not Accepted 3,830 $581,860,000 $151,000 $5,285,000 $97,000 $7,302,000
Preapproval Denied by Financial Institution 106 $10,320,000 $97,000 $345,000 $44,000 $138,000
Preapproval Approved but not Accepted 37 $5,765,000 $155,000 $965,000 $79,000 $582,000

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
Not applicable 153,223 $28,206,455,000 $184,000 $37,925,000 $102,000 $9,999,000
Debt-To-Income Ratio 12,952 $2,287,110,000 $176,000 $12,005,000 $91,000 $8,687,000
Credit History 8,468 $799,660,000 $94,000 $1,605,000 $70,000 $5,580,000
Collateral 2,456 $346,940,000 $141,000 $22,775,000 $94,000 $2,184,000
Credit Application Incomplete 2,077 $334,805,000 $161,000 $1,185,000 $104,000 $3,218,000
Other 1,527 $232,705,000 $152,000 $1,595,000 $97,000 $2,508,000
Unverifiable Information 1,213 $143,245,000 $118,000 $1,525,000 $84,000 $5,700,000
Insufficient Cash (Downpayment, Closing Cost) 363 $53,195,000 $146,000 $3,405,000 $85,000 $593,000
Employment History 340 $49,930,000 $146,000 $795,000 $59,000 $600,000
Mortgage Insurance Denied 4 $960,000 $240,000 $415,000 $51,000 $109,000
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Mortgage Loan Application Totals in 2020 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 46,694 $ 10,117,290,000 $ 216,000 $ 116,000
FORT SMITH, AR-OK 11,389 $ 1,782,355,000 $ 156,000 $ 88,000
HOT SPRINGS, AR 7,083 $ 1,279,795,000 $ 180,000 $ 106,000
JONESBORO, AR 8,717 $ 1,631,455,000 $ 187,000 $ 102,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 53,495 $ 10,220,955,000 $ 191,000 $ 102,000
PINE BLUFF, AR 2,982 $ 388,180,000 $ 130,000 $ 73,000
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Mortgage Loan Application Totals in 2020 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 568 $ 69,870,000 $ 123,000 $ 80,000
Ashley 695 $ 73,225,000 $ 105,000 $ 72,000
Baxter 3,011 $ 454,585,000 $ 150,000 $ 89,000
Benton 28,422 $ 6,277,260,000 $ 220,000 $ 118,000
Boone 2,192 $ 314,140,000 $ 143,000 $ 82,000
Bradley 190 $ 20,370,000 $ 107,000 $ 65,000
Calhoun 152 $ 16,330,000 $ 107,000 $ 68,000
Carroll 1,376 $ 220,310,000 $ 160,000 $ 105,000
Chicot 264 $ 33,270,000 $ 126,000 $ 83,000
Clark 752 $ 88,560,000 $ 117,000 $ 72,000
Clay 548 $ 53,200,000 $ 97,000 $ 62,000
Cleburne 1,992 $ 349,680,000 $ 175,000 $ 126,000
Cleveland 259 $ 31,485,000 $ 121,000 $ 78,000
Columbia 811 $ 118,835,000 $ 146,000 $ 91,000
Conway 1,094 $ 140,030,000 $ 127,000 $ 76,000
Craighead 7,839 $ 1,536,275,000 $ 195,000 $ 105,000
Crawford 3,718 $ 557,940,000 $ 150,000 $ 78,000
Crittenden 2,127 $ 306,355,000 $ 144,000 $ 79,000
Cross 657 $ 85,335,000 $ 129,000 $ 73,000
Dallas 161 $ 15,605,000 $ 96,000 $ 82,000
Desha 221 $ 23,615,000 $ 106,000 $ 74,000
Drew 547 $ 78,285,000 $ 143,000 $ 87,000
Faulkner 9,634 $ 1,813,190,000 $ 188,000 $ 95,000
Franklin 797 $ 100,545,000 $ 126,000 $ 72,000
Fulton 502 $ 61,600,000 $ 122,000 $ 90,000
Garland 7,083 $ 1,279,795,000 $ 180,000 $ 106,000
Grant 1,054 $ 160,130,000 $ 151,000 $ 79,000
Greene 2,566 $ 385,080,000 $ 150,000 $ 80,000
Hempstead 682 $ 75,050,000 $ 110,000 $ 73,000
Hot Spring 1,459 $ 175,875,000 $ 120,000 $ 69,000
Howard 532 $ 63,470,000 $ 119,000 $ 79,000
Independence 1,690 $ 234,800,000 $ 138,000 $ 83,000
Izard 520 $ 68,300,000 $ 131,000 $ 82,000
Jackson 497 $ 49,715,000 $ 100,000 $ 93,000
Jefferson 2,417 $ 322,205,000 $ 133,000 $ 73,000
Johnson 1,023 $ 123,335,000 $ 120,000 $ 67,000
Lafayette 196 $ 17,990,000 $ 91,000 $ 97,000
Lawrence 608 $ 62,030,000 $ 102,000 $ 61,000
Lee 105 $ 8,045,000 $ 76,000 $ 51,000
Lincoln 306 $ 34,490,000 $ 112,000 $ 70,000
Little River 494 $ 55,450,000 $ 112,000 $ 71,000
Logan 801 $ 100,625,000 $ 125,000 $ 69,000
Lonoke 6,255 $ 1,064,345,000 $ 170,000 $ 85,000
Madison 840 $ 129,330,000 $ 153,000 $ 77,000
Marion 1,028 $ 142,280,000 $ 138,000 $ 77,000
Miller 2,113 $ 309,055,000 $ 146,000 $ 85,000
Mississippi 1,192 $ 146,830,000 $ 123,000 $ 84,000
Monroe 184 $ 14,260,000 $ 77,000 $ 73,000
Montgomery 482 $ 61,630,000 $ 127,000 $ 96,000
Nevada 300 $ 27,690,000 $ 92,000 $ 67,000
Newton 293 $ 37,755,000 $ 128,000 $ 79,000
Ouachita 854 $ 102,850,000 $ 120,000 $ 75,000
Perry 477 $ 55,355,000 $ 116,000 $ 71,000
Phillips 263 $ 24,345,000 $ 92,000 $ 69,000
Pike 375 $ 44,435,000 $ 118,000 $ 83,000
Poinsett 878 $ 95,180,000 $ 108,000 $ 70,000
Polk 705 $ 91,935,000 $ 130,000 $ 75,000
Pope 3,268 $ 497,830,000 $ 152,000 $ 83,000
Prairie 263 $ 27,755,000 $ 105,000 $ 68,000
Pulaski 25,629 $ 5,180,535,000 $ 202,000 $ 113,000
Randolph 929 $ 104,305,000 $ 112,000 $ 81,000
Saline 10,446 $ 1,947,400,000 $ 186,000 $ 94,000
Scott 311 $ 33,265,000 $ 106,000 $ 62,000
Searcy 324 $ 33,960,000 $ 104,000 $ 64,000
Sebastian 6,875 $ 1,124,035,000 $ 163,000 $ 96,000
Sevier 533 $ 59,805,000 $ 112,000 $ 66,000
Sharp 829 $ 88,245,000 $ 106,000 $ 70,000
St. Francis 410 $ 43,830,000 $ 106,000 $ 68,000
Stone 489 $ 64,715,000 $ 132,000 $ 79,000
Union 1,715 $ 234,735,000 $ 136,000 $ 86,000
Van Buren 917 $ 116,565,000 $ 127,000 $ 87,000
Washington 17,430 $ 3,710,430,000 $ 212,000 $ 114,000
White 4,489 $ 672,115,000 $ 149,000 $ 84,000
Woodruff 167 $ 16,015,000 $ 95,000 $ 73,000
Yell 798 $ 95,910,000 $ 120,000 $ 74,000

We hope these mortgage application details and statistics 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 Arkansas.

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