Simmons First Bank - Hs Mortgage Lending & HMDA Data, 2005
In 2005, Simmons First Bank - Hs of Hot Springs, AR reported 238 mortgage applications totaling $23.3 million, up 30% from 2004. The average application was for $98,050, and applicants reported an average income of $63,352. 68% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Hot Springs, AR (213), Little Rock-North Little Rock, AR (4) and Fayetteville-Springdale-Rogers, AR-MO (1) (applications in parentheses).
| Mortgage Company & Address | Simmons First Bank - Hs 100 Werner Street Hot Springs, AR 71903 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 238 |
| Total Mortgage Loan Application Amount | $23,336,000 |
| Average Mortgage Loan Application Amount | $98,050 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $63,352 |
| Highest Applicant Income | $586,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Simmons First Bank - Hs filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hot Springs, AR | 213 | $ 20,995,000 | $ 98,568 | $ 56,000 |
| Little Rock-North Little Rock, AR | 4 | $ 351,000 | $ 87,750 | $ 87,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 85,000 | $ 85,000 | $ 407,000 |
Mortgage Loan Application Detail Totals for Simmons First Bank - Hs in 2005
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 | 143 | $14,941,000 | $104,000 | $507,000 | $66,000 | $581,000 |
| Refinancing | 72 | $6,791,000 | $94,000 | $392,000 | $63,000 | $215,000 |
| Home Improvement | 23 | $1,604,000 | $69,000 | $600,000 | $48,000 | $586,000 |
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 | 222 | $21,830,000 | $98,000 | $600,000 | $65,000 | $586,000 |
| Black or African American | 6 | $542,000 | $90,000 | $133,000 | $50,000 | $72,000 |
| Hispanic | 5 | $525,000 | $105,000 | $295,000 | $50,000 | $120,000 |
| Asian | 3 | $198,000 | $66,000 | $120,000 | $62,000 | $90,000 |
| American Indian or Alaskan Native | 2 | $241,000 | $120,000 | $122,000 | $82,000 | $112,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 219 | $21,464,000 | $98,000 | $600,000 | $68,000 | $586,000 |
| FHA-insured (Federal Housing Administration) | 15 | $1,323,000 | $88,000 | $163,000 | $47,000 | $82,000 |
| VA-guaranteed (Veterans Administration) | 4 | $549,000 | $137,000 | $155,000 | $52,000 | $67,000 |
| 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 | 161 | $15,848,000 | $98,000 | $600,000 | $76,000 | $586,000 |
| Application Denied By Financial Institution | 47 | $4,352,000 | $92,000 | $303,000 | $38,000 | $136,000 |
| Application Withdrawn By Applicant | 27 | $2,869,000 | $106,000 | $280,000 | $46,000 | $200,000 |
| Application Approved But Not Accepted | 3 | $267,000 | $89,000 | $140,000 | $155,000 | $401,000 |
| File Closed For Incompleteness | 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 | 19 | $1,484,000 | $78,000 | $162,000 | $33,000 | $107,000 |
| Debt-To-Income Ratio | 13 | $1,071,000 | $82,000 | $290,000 | $20,000 | $42,000 |
| Collateral | 11 | $1,262,000 | $114,000 | $216,000 | $68,000 | $136,000 |
| Unverifiable Information | 2 | $373,000 | $186,000 | $303,000 | $53,000 | $90,000 |
| Other | 1 | $104,000 | $104,000 | $104,000 | $22,000 | $22,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $58,000 | $58,000 | $58,000 | $33,000 | $33,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Simmons First Bank - Hs's 2005 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 - Hs'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.
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