Simmons First Bank - Hs Mortgage Lending & HMDA Data, 2006
In 2006, Simmons First Bank - Hs of Hot Springs, AR reported 198 mortgage applications totaling $19.4 million, down 17% from 2005. The average application was for $97,914, and applicants reported an average income of $76,525. 79% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Hot Springs, AR (175), Little Rock-North Little Rock, AR (3) and Fayetteville-Springdale-Rogers, AR-MO (2) (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 | 198 |
| Total Mortgage Loan Application Amount | $19,387,000 |
| Average Mortgage Loan Application Amount | $97,914 |
| Highest Mortgage Loan Application Amount | $460,000 |
| Average Applicant Income | $76,525 |
| Highest Applicant Income | $705,000 |
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(HMDA) records Simmons First Bank - Hs filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 175 | $ 17,781,000 | $ 101,605 | $ 75,000 |
| Little Rock-North Little Rock, AR | 3 | $ 315,000 | $ 105,000 | $ 57,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 2 | $ 121,000 | $ 60,500 | $ 152,000 |
Mortgage Loan Application Detail Totals for Simmons First Bank - Hs in 2006
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 | 121 | $12,975,000 | $107,000 | $460,000 | $85,000 | $705,000 |
| Refinancing | 54 | $5,389,000 | $99,000 | $391,000 | $65,000 | $234,000 |
| Home Improvement | 23 | $1,023,000 | $44,000 | $106,000 | $59,000 | $150,000 |
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 | 181 | $17,282,000 | $95,000 | $411,000 | $78,000 | $705,000 |
| Black or African American | 5 | $312,000 | $62,000 | $80,000 | $51,000 | $74,000 |
| Not Provided | 4 | $675,000 | $168,000 | $460,000 | $81,000 | $151,000 |
| Hispanic | 3 | $335,000 | $111,000 | $180,000 | $59,000 | $70,000 |
| Asian | 3 | $408,000 | $136,000 | $156,000 | $52,000 | $84,000 |
| American Indian or Alaskan Native | 1 | $15,000 | $15,000 | $15,000 | $62,000 | $62,000 |
| Not applicable | 1 | $360,000 | $360,000 | $360,000 | $0 | $0 |
| 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) | 189 | $18,302,000 | $96,000 | $460,000 | $77,000 | $705,000 |
| VA-guaranteed (Veterans Administration) | 5 | $516,000 | $103,000 | $153,000 | $47,000 | $83,000 |
| FHA-insured (Federal Housing Administration) | 4 | $569,000 | $142,000 | $194,000 | $60,000 | $70,000 |
| 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 | 156 | $14,834,000 | $95,000 | $411,000 | $77,000 | $705,000 |
| Application Denied By Financial Institution | 24 | $2,287,000 | $95,000 | $346,000 | $68,000 | $246,000 |
| Application Withdrawn By Applicant | 16 | $2,125,000 | $132,000 | $460,000 | $80,000 | $215,000 |
| Application Approved But Not Accepted | 1 | $100,000 | $100,000 | $100,000 | $113,000 | $113,000 |
| Preapproval Denied by Financial Institution | 1 | $41,000 | $41,000 | $41,000 | $22,000 | $22,000 |
| 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 |
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 | 13 | $904,000 | $69,000 | $164,000 | $63,000 | $246,000 |
| Debt-To-Income Ratio | 5 | $582,000 | $116,000 | $346,000 | $43,000 | $128,000 |
| Collateral | 4 | $464,000 | $116,000 | $177,000 | $99,000 | $234,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $187,000 | $187,000 | $187,000 | $84,000 | $84,000 |
| Other | 1 | $126,000 | $126,000 | $126,000 | $37,000 | $37,000 |
| Unverifiable Information | 1 | $65,000 | $65,000 | $65,000 | $89,000 | $89,000 |
| 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 2006 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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with aggregated HMDA statistics today.
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