Malvern National Bank Mortgage Lending & HMDA Data, 2024
In 2024, Malvern National Bank of Malvern, AR reported 82 mortgage applications totaling $23.3 million, up 37% from 2023. The average application was for $284,024, and applicants reported an average income of $230,000. 57% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Little Rock-North Little Rock-Conway, AR (29), Hot Springs, AR (15) and Crestview-Fort Walton Beach-Destin, FL (1) (applications in parentheses).
| Mortgage Company & Address | Malvern National Bank 425 S. Main Street Malvern, AR 72104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 82 |
| Total Mortgage Loan Application Amount | $23,290,000 |
| Average Mortgage Loan Application Amount | $284,024 |
| Highest Mortgage Loan Application Amount | $4,925,000 |
| Average Applicant Income | $230,000 |
| Highest Applicant Income | $3,469,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Malvern National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hot Spring, Arkansas | 25 | $ 3,045,000 | $ 121,800 | $ 92,000 |
| Garland, Arkansas | 15 | $ 3,075,000 | $ 205,000 | $ 140,000 |
| Saline, Arkansas | 11 | $ 2,685,000 | $ 244,090 | $ 683,000 |
| Grant, Arkansas | 9 | $ 715,000 | $ 79,444 | $ 81,000 |
| Faulkner, Arkansas | 7 | $ 1,935,000 | $ 276,428 | $ 188,000 |
| Clark, Arkansas | 3 | $ 595,000 | $ 198,333 | $ 259,000 |
| Cleburne, Arkansas | 3 | $ 2,965,000 | $ 988,333 | $ 621,000 |
| Pulaski, Arkansas | 2 | $ 140,000 | $ 70,000 | $ 25,000 |
| Coconino, Arizona | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Crawford, Arkansas | 1 | $ 185,000 | $ 185,000 | $ 214,000 |
| Eagle, Colorado | 1 | $ 4,925,000 | $ 4,925,000 | $ 0 |
| Walton, Florida | 1 | $ 325,000 | $ 325,000 | $ 423,000 |
| Oktibbeha, Mississippi | 1 | $ 515,000 | $ 515,000 | $ 0 |
| Adams, Ohio | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Sevier, Tennessee | 1 | $ 1,495,000 | $ 1,495,000 | $ 0 |
Mortgage Loan Application Detail Totals for Malvern National Bank in 2024
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 | 46 | $17,560,000 | $381,000 | $4,925,000 | $329,000 | $3,469,000 |
| Refinancing | 18 | $3,040,000 | $168,000 | $595,000 | $129,000 | $473,000 |
| Other Purpose | 13 | $2,515,000 | $193,000 | $1,495,000 | $68,000 | $130,000 |
| Home Improvement | 5 | $175,000 | $35,000 | $75,000 | $104,000 | $245,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 59 | $9,685,000 | $164,000 | $905,000 | $226,000 | $3,469,000 |
| Not applicable | 18 | $12,980,000 | $721,000 | $4,925,000 | $0 | $0 |
| Black or African American | 3 | $115,000 | $38,000 | $75,000 | $44,000 | $52,000 |
| Hispanic | 1 | $95,000 | $95,000 | $95,000 | $40,000 | $40,000 |
| Asian | 1 | $415,000 | $415,000 | $415,000 | $190,000 | $190,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 82 | $23,290,000 | $284,000 | $4,925,000 | $214,000 | $3,469,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 47 | $16,615,000 | $353,000 | $4,925,000 | $200,000 | $1,100,000 |
| Application Withdrawn By Applicant | 22 | $4,860,000 | $220,000 | $905,000 | $320,000 | $3,469,000 |
| Application Denied By Financial Institution | 11 | $1,415,000 | $128,000 | $475,000 | $60,000 | $190,000 |
| File Closed For Incompleteness | 1 | $35,000 | $35,000 | $35,000 | $30,000 | $30,000 |
| Preapproval Approved but not Accepted | 1 | $365,000 | $365,000 | $365,000 | $228,000 | $228,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 |
|---|---|---|---|---|---|---|
| Not applicable | 71 | $21,875,000 | $308,000 | $4,925,000 | $243,000 | $3,469,000 |
| Debt-To-Income Ratio | 5 | $1,025,000 | $205,000 | $475,000 | $74,000 | $190,000 |
| Credit History | 4 | $140,000 | $35,000 | $65,000 | $51,000 | $68,000 |
| Employment History | 1 | $155,000 | $155,000 | $155,000 | $60,000 | $60,000 |
| Collateral | 1 | $95,000 | $95,000 | $95,000 | $40,000 | $40,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Malvern National Bank's 2024 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Malvern National Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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