Simmons First Bank-Hot Springs Mortgage Lending & HMDA Data, 2013
In 2013, Simmons First Bank-Hot Springs of Hot Springs, AR reported 124 mortgage applications totaling $14.3 million, down 22% from 2012. The average application was for $114,951, and applicants reported an average income of $88,435. 60% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Hot Springs, AR (103), Little Rock-North Little Rock-Conway, AR (7) and Fort Smith, AR-OK (2) (applications in parentheses).
| Mortgage Company & Address | Simmons First Bank-Hot Springs 100 Werner Street Hot Springs, AR 71903 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 |
| Total Number of Mortgage Applications | 124 |
| Total Mortgage Loan Application Amount | $14,254,000 |
| Average Mortgage Loan Application Amount | $114,951 |
| Highest Mortgage Loan Application Amount | $787,000 |
| Average Applicant Income | $88,435 |
| Highest Applicant Income | $799,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Simmons First Bank-Hot Springs filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Simmons First Bank-Hot Springs in 2013
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 | 66 | $8,009,000 | $121,000 | $731,000 | $80,000 | $431,000 |
| Refinancing | 40 | $5,589,000 | $139,000 | $787,000 | $103,000 | $799,000 |
| Home Improvement | 18 | $656,000 | $36,000 | $199,000 | $87,000 | $273,000 |
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 | 109 | $13,374,000 | $122,000 | $787,000 | $96,000 | $799,000 |
| Black or African American | 5 | $192,000 | $38,000 | $110,000 | $49,000 | $101,000 |
| Not applicable | 4 | $236,000 | $59,000 | $104,000 | $0 | $0 |
| Hispanic | 3 | $205,000 | $68,000 | $115,000 | $38,000 | $90,000 |
| Asian | 3 | $247,000 | $82,000 | $120,000 | $21,000 | $31,000 |
| 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) | 115 | $13,129,000 | $114,000 | $787,000 | $90,000 | $799,000 |
| FHA-insured (Federal Housing Administration) | 7 | $934,000 | $133,000 | $196,000 | $68,000 | $96,000 |
| VA-guaranteed (Veterans Administration) | 2 | $191,000 | $95,000 | $110,000 | $50,000 | $65,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 75 | $8,991,000 | $119,000 | $787,000 | $101,000 | $799,000 |
| Application Denied By Financial Institution | 29 | $2,841,000 | $97,000 | $419,000 | $59,000 | $431,000 |
| Application Withdrawn By Applicant | 20 | $2,422,000 | $121,000 | $390,000 | $82,000 | $342,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 11 | $999,000 | $90,000 | $197,000 | $45,000 | $150,000 |
| Debt-To-Income Ratio | 11 | $1,482,000 | $134,000 | $419,000 | $88,000 | $431,000 |
| Employment History | 4 | $214,000 | $53,000 | $99,000 | $43,000 | $72,000 |
| Collateral | 2 | $104,000 | $52,000 | $65,000 | $40,000 | $42,000 |
| Other | 1 | $42,000 | $42,000 | $42,000 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Simmons First Bank-Hot Springs's 2013 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 Simmons First Bank-Hot Springs'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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About