Arkansas
Mortgage Loan Application
Totals and Details
in 2021

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 2003-2022 in all of Arkansas.
You can organize this information by metropolitan area and by county.

Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 193,085
Total Mortgage Loan Application Amount $36,896,635,000
Average Mortgage Loan Application Amount $191,000
Highest Mortgage Loan Application Amount $88,115,000
Average Applicant Income $95,000
Highest Applicant Income $6,656,000

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 2021

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 90,984 $18,845,810,000 $207,000 $88,115,000 $91,000 $5,851,000
Refinancing 59,280 $11,498,670,000 $193,000 $35,945,000 $102,000 $6,656,000
Cash-out Refinancing 28,941 $5,402,265,000 $186,000 $31,075,000 $91,000 $4,800,000
Home Improvement 6,309 $446,225,000 $70,000 $2,905,000 $100,000 $3,754,000
Other Purpose 6,165 $559,895,000 $90,000 $3,645,000 $105,000 $5,846,000
Not Applicable 1,406 $143,770,000 $102,000 $11,705,000 $44,000 $132,000

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 120,505 $21,562,515,000 $178,000 $4,315,000 $97,000 $5,851,000
Not applicable 24,657 $7,075,435,000 $286,000 $88,115,000 $124,000 $1,277,000
Not Provided 19,125 $3,513,435,000 $183,000 $4,415,000 $100,000 $6,656,000
Black or African American 13,814 $2,049,130,000 $148,000 $1,965,000 $69,000 $3,794,000
Hispanic 8,837 $1,398,505,000 $158,000 $1,645,000 $69,000 $1,956,000
Asian 3,482 $797,380,000 $229,000 $1,925,000 $121,000 $1,524,000
American Indian or Alaskan Native 1,841 $309,485,000 $168,000 $1,545,000 $83,000 $1,500,000
Native Hawaiian or Other Pacific Islander 173 $32,145,000 $185,000 $565,000 $69,000 $317,000

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) 135,705 $26,487,935,000 $195,000 $88,115,000 $104,000 $6,656,000
FHA-insured (Federal Housing Administration) 26,574 $4,399,170,000 $165,000 $28,005,000 $59,000 $5,851,000
VA-guaranteed (Veterans Administration) 21,910 $4,708,990,000 $214,000 $1,505,000 $74,000 $2,335,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8,896 $1,300,540,000 $146,000 $725,000 $48,000 $840,000

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 105,425 $21,678,725,000 $205,000 $88,115,000 $99,000 $5,851,000
Loan Purchased By The Institution 25,468 $5,135,830,000 $201,000 $5,245,000 $111,000 $1,556,000
Application Denied By Financial Institution 24,079 $3,264,125,000 $135,000 $25,505,000 $72,000 $6,656,000
Application Withdrawn By Applicant 22,668 $4,368,330,000 $192,000 $28,305,000 $99,000 $3,794,000
File Closed For Incompleteness 10,926 $1,705,790,000 $156,000 $2,505,000 $88,000 $4,800,000
Application Approved But Not Accepted 4,309 $701,045,000 $162,000 $4,105,000 $89,000 $1,716,000
Preapproval Approved but not Accepted 186 $39,700,000 $213,000 $905,000 $85,000 $1,024,000
Preapproval Denied by Financial Institution 24 $3,090,000 $128,000 $285,000 $37,000 $98,000

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 165,290 $32,816,070,000 $198,000 $88,115,000 $98,000 $5,851,000
Debt-To-Income Ratio 9,952 $1,722,500,000 $173,000 $19,805,000 $73,000 $4,983,000
Credit History 8,638 $929,340,000 $107,000 $1,405,000 $71,000 $3,754,000
Collateral 2,802 $407,530,000 $145,000 $9,505,000 $92,000 $2,400,000
Credit Application Incomplete 2,421 $406,435,000 $167,000 $9,285,000 $93,000 $6,656,000
Other 1,826 $309,980,000 $169,000 $25,505,000 $84,000 $2,442,000
Unverifiable Information 1,408 $188,520,000 $133,000 $1,765,000 $82,000 $3,035,000
Insufficient Cash (Downpayment, Closing Cost) 375 $60,075,000 $160,000 $995,000 $86,000 $3,740,000
Employment History 365 $55,275,000 $151,000 $785,000 $56,000 $336,000
Mortgage Insurance Denied 8 $910,000 $113,000 $195,000 $42,000 $68,000
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Mortgage Loan Application Totals in 2021 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 48,528 $ 11,963,230,000 $ 246,000 $ 113,000
FORT SMITH, AR-OK 12,219 $ 2,059,315,000 $ 168,000 $ 84,000
HOT SPRINGS, AR 7,556 $ 1,476,180,000 $ 195,000 $ 104,000
JONESBORO, AR 8,665 $ 1,651,445,000 $ 190,000 $ 92,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 56,133 $ 11,190,495,000 $ 199,000 $ 98,000
PINE BLUFF, AR 3,273 $ 431,325,000 $ 131,000 $ 70,000
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Mortgage Loan Application Totals in 2021 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 760 $ 94,990,000 $ 124,000 $ 79,000
Ashley 704 $ 77,690,000 $ 110,000 $ 70,000
Baxter 3,174 $ 499,430,000 $ 157,000 $ 80,000
Benton 29,895 $ 7,501,925,000 $ 250,000 $ 115,000
Boone 2,268 $ 350,470,000 $ 154,000 $ 73,000
Bradley 246 $ 27,730,000 $ 112,000 $ 62,000
Calhoun 196 $ 21,340,000 $ 108,000 $ 73,000
Carroll 1,476 $ 261,240,000 $ 176,000 $ 95,000
Chicot 289 $ 36,585,000 $ 126,000 $ 76,000
Clark 911 $ 124,045,000 $ 136,000 $ 80,000
Clay 572 $ 60,050,000 $ 104,000 $ 64,000
Cleburne 2,195 $ 394,995,000 $ 179,000 $ 115,000
Cleveland 300 $ 37,650,000 $ 125,000 $ 68,000
Columbia 825 $ 126,115,000 $ 152,000 $ 77,000
Conway 1,193 $ 157,375,000 $ 131,000 $ 70,000
Craighead 7,680 $ 1,529,540,000 $ 199,000 $ 96,000
Crawford 3,710 $ 619,230,000 $ 166,000 $ 76,000
Crittenden 2,261 $ 375,275,000 $ 165,000 $ 84,000
Cross 770 $ 106,610,000 $ 138,000 $ 75,000
Dallas 184 $ 20,060,000 $ 109,000 $ 79,000
Desha 253 $ 27,345,000 $ 108,000 $ 79,000
Drew 491 $ 80,515,000 $ 163,000 $ 78,000
Faulkner 9,475 $ 1,841,555,000 $ 194,000 $ 90,000
Franklin 879 $ 122,025,000 $ 138,000 $ 72,000
Fulton 542 $ 76,650,000 $ 141,000 $ 75,000
Garland 7,556 $ 1,476,180,000 $ 195,000 $ 104,000
Grant 1,198 $ 194,310,000 $ 162,000 $ 82,000
Greene 2,713 $ 430,955,000 $ 158,000 $ 82,000
Hempstead 702 $ 80,050,000 $ 114,000 $ 65,000
Hot Spring 1,611 $ 202,975,000 $ 125,000 $ 67,000
Howard 490 $ 62,800,000 $ 128,000 $ 75,000
Independence 1,798 $ 254,690,000 $ 141,000 $ 85,000
Izard 710 $ 98,660,000 $ 138,000 $ 82,000
Jackson 509 $ 53,035,000 $ 104,000 $ 73,000
Jefferson 2,631 $ 349,065,000 $ 132,000 $ 70,000
Johnson 1,223 $ 162,105,000 $ 132,000 $ 70,000
Lafayette 211 $ 25,475,000 $ 120,000 $ 82,000
Lawrence 677 $ 75,965,000 $ 112,000 $ 63,000
Lee 125 $ 11,925,000 $ 95,000 $ 85,000
Lincoln 342 $ 44,610,000 $ 130,000 $ 71,000
Little River 539 $ 63,165,000 $ 117,000 $ 73,000
Logan 837 $ 112,235,000 $ 134,000 $ 74,000
Lonoke 6,447 $ 1,128,815,000 $ 175,000 $ 81,000
Madison 997 $ 165,625,000 $ 166,000 $ 72,000
Marion 1,055 $ 149,795,000 $ 141,000 $ 73,000
Miller 2,081 $ 326,845,000 $ 157,000 $ 84,000
Mississippi 1,200 $ 148,260,000 $ 123,000 $ 74,000
Monroe 182 $ 16,380,000 $ 90,000 $ 62,000
Montgomery 441 $ 65,655,000 $ 148,000 $ 99,000
Nevada 203 $ 20,925,000 $ 103,000 $ 72,000
Newton 368 $ 55,620,000 $ 151,000 $ 77,000
Ouachita 979 $ 131,725,000 $ 134,000 $ 70,000
Perry 519 $ 70,935,000 $ 136,000 $ 81,000
Phillips 347 $ 35,655,000 $ 102,000 $ 64,000
Pike 438 $ 56,200,000 $ 128,000 $ 85,000
Poinsett 985 $ 121,905,000 $ 123,000 $ 66,000
Polk 810 $ 116,110,000 $ 143,000 $ 74,000
Pope 3,725 $ 571,635,000 $ 153,000 $ 78,000
Prairie 307 $ 33,435,000 $ 108,000 $ 66,000
Pulaski 27,372 $ 5,852,280,000 $ 213,000 $ 109,000
Randolph 1,005 $ 128,165,000 $ 127,000 $ 72,000
Saline 11,122 $ 2,102,600,000 $ 189,000 $ 91,000
Scott 317 $ 40,815,000 $ 128,000 $ 70,000
Searcy 337 $ 41,225,000 $ 122,000 $ 68,000
Sebastian 7,630 $ 1,318,060,000 $ 172,000 $ 89,000
Sevier 550 $ 66,910,000 $ 121,000 $ 69,000
Sharp 993 $ 123,005,000 $ 123,000 $ 76,000
St. Francis 501 $ 58,605,000 $ 116,000 $ 70,000
Stone 544 $ 81,720,000 $ 150,000 $ 78,000
Union 1,702 $ 246,610,000 $ 144,000 $ 83,000
Van Buren 1,159 $ 157,195,000 $ 135,000 $ 80,000
Washington 17,636 $ 4,295,680,000 $ 243,000 $ 112,000
White 4,846 $ 752,180,000 $ 155,000 $ 78,000
Woodruff 191 $ 18,425,000 $ 96,000 $ 62,000
Yell 975 $ 129,005,000 $ 132,000 $ 71,000

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