Drew County, AR Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 660 mortgage applications in Drew County, AR totaling $60.9 million, down 3% from 2010. The average application was for $92,000, and applicants reported an average income of $60,000. 41% of applications resulted in an originated loan and 22% were denied. The most active lender was Union Bank & Trust Co, with 111 applications, followed by Wells Fargo Bank NA and US Bank, N.A..

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Total Number of Mortgage Applications 660
Total Mortgage Loan Application Amount $60,863,000
Average Mortgage Loan Application Amount $92,000
Highest Mortgage Loan Application Amount $365,000
Average Applicant Income $60,000
Highest Applicant Income $289,000
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Top Mortgage Lenders in Drew County, AR (2011)

Ranked by the number of mortgage applications each lender reported in Drew County, AR in 2011.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Union Bank & Trust Co
Monticello, AR
111 $7,492,000 $67,000 $63,000
2 Wells Fargo Bank NA
Minneapolis, MN
71 $6,972,000 $98,000 $72,000
3 US Bank, N.A.
Cincinnati, OH
56 $5,736,000 $102,000 $65,000
4 Affiliated Mortgage Company
Plano, TX
48 $5,205,000 $108,000 $68,000
5 Vanderbilt Mortgage and Finance, Inc
Maryville, TN
42 $2,490,000 $59,000 $40,000
6 21st Mortgage
Knoxville, TN
42 $1,959,000 $46,000 $37,000
7 Simmons First National Bank
Pine Bluff, AR
26 $2,732,000 $105,000 $78,000
8 Bank of America NA
Westlake Village, CA
25 $2,657,000 $106,000 $70,000
9 Wells Fargo Funding, Inc
Winston-Salem, NC
23 $3,010,000 $130,000 $75,000
10 JPMorgan Chase Bank, NA
Columbus, OH
22 $2,037,000 $92,000 $35,000

See every lender active in Drew County, AR in 2011 »

The tables below break down 2011 mortgage applications in Drew County, AR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Drew County, AR in 2011

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
Refinancing 338 $38,218,000 $113,000 $365,000 $69,000 $289,000
Home Purchase 263 $21,031,000 $79,000 $240,000 $50,000 $261,000
Home Improvement 59 $1,614,000 $27,000 $117,000 $53,000 $174,000

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 478 $46,486,000 $97,000 $365,000 $67,000 $289,000
Black or African American 84 $5,553,000 $66,000 $190,000 $45,000 $121,000
Not Provided 41 $3,308,000 $80,000 $308,000 $47,000 $230,000
Not applicable 38 $4,026,000 $105,000 $269,000 $14,000 $157,000
Hispanic 16 $1,080,000 $67,000 $127,000 $45,000 $76,000
Asian 2 $79,000 $39,000 $54,000 $112,000 $125,000
American Indian or Alaskan Native 1 $331,000 $331,000 $331,000 $261,000 $261,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0

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) 511 $44,727,000 $87,000 $365,000 $63,000 $289,000
FHA-insured (Federal Housing Administration) 97 $10,097,000 $104,000 $289,000 $49,000 $137,000
VA-guaranteed (Veterans Administration) 27 $3,560,000 $131,000 $325,000 $55,000 $156,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 25 $2,479,000 $99,000 $170,000 $36,000 $88,000

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 270 $24,406,000 $90,000 $365,000 $69,000 $289,000
Application Denied By Financial Institution 148 $11,959,000 $80,000 $325,000 $48,000 $192,000
Loan Purchased By The Institution 143 $15,946,000 $111,000 $269,000 $56,000 $232,000
Application Approved But Not Accepted 46 $3,292,000 $71,000 $173,000 $49,000 $140,000
Application Withdrawn By Applicant 39 $3,654,000 $93,000 $232,000 $53,000 $136,000
File Closed For Incompleteness 14 $1,606,000 $114,000 $308,000 $96,000 $230,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 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 46 $2,901,000 $63,000 $198,000 $44,000 $160,000
Debt-To-Income Ratio 30 $2,455,000 $81,000 $325,000 $46,000 $171,000
Collateral 16 $2,214,000 $138,000 $289,000 $82,000 $173,000
Credit Application Incomplete 7 $542,000 $77,000 $116,000 $40,000 $110,000
Other 5 $490,000 $98,000 $180,000 $85,000 $133,000
Insufficient Cash (Downpayment, Closing Cost) 3 $151,000 $50,000 $60,000 $43,000 $68,000
Employment History 2 $106,000 $53,000 $65,000 $17,000 $19,000
Unverifiable Information 1 $67,000 $67,000 $67,000 $25,000 $25,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Download the Arkansas Lender List