Simmons First Bank - Hs Mortgage Lending & HMDA Data, 2008
In 2008, Simmons First Bank - Hs of Hot Springs, AR reported 139 mortgage applications totaling $15.9 million, down 20% from 2007. The average application was for $114,532, and applicants reported an average income of $80,517. 65% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Hot Springs, AR (119) and Little Rock-North Little Rock-Conway, AR (4).
| 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 | 139 |
| Total Mortgage Loan Application Amount | $15,920,000 |
| Average Mortgage Loan Application Amount | $114,532 |
| Highest Mortgage Loan Application Amount | $630,000 |
| Average Applicant Income | $80,517 |
| Highest Applicant Income | $628,000 |
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(HMDA) records Simmons First Bank - Hs filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Simmons First Bank - Hs in 2008
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 | 74 | $9,370,000 | $126,000 | $515,000 | $90,000 | $628,000 |
| Refinancing | 37 | $4,296,000 | $116,000 | $630,000 | $68,000 | $182,000 |
| Home Improvement | 28 | $2,254,000 | $80,000 | $284,000 | $72,000 | $171,000 |
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 | 121 | $14,275,000 | $117,000 | $630,000 | $86,000 | $628,000 |
| Black or African American | 7 | $395,000 | $56,000 | $99,000 | $36,000 | $46,000 |
| Hispanic | 6 | $430,000 | $71,000 | $130,000 | $60,000 | $105,000 |
| Not applicable | 3 | $339,000 | $113,000 | $149,000 | $0 | $0 |
| Asian | 2 | $481,000 | $240,000 | $296,000 | $110,000 | $146,000 |
| 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) | 125 | $14,436,000 | $115,000 | $630,000 | $85,000 | $628,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,292,000 | $99,000 | $164,000 | $41,000 | $89,000 |
| VA-guaranteed (Veterans Administration) | 1 | $192,000 | $192,000 | $192,000 | $46,000 | $46,000 |
| 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 | 91 | $9,540,000 | $104,000 | $515,000 | $88,000 | $628,000 |
| Application Denied By Financial Institution | 26 | $3,572,000 | $137,000 | $630,000 | $62,000 | $288,000 |
| Application Withdrawn By Applicant | 20 | $2,379,000 | $118,000 | $292,000 | $68,000 | $198,000 |
| Application Approved But Not Accepted | 2 | $429,000 | $214,000 | $392,000 | $102,000 | $162,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 10 | $1,211,000 | $121,000 | $250,000 | $44,000 | $146,000 |
| Credit History | 8 | $1,049,000 | $131,000 | $296,000 | $53,000 | $119,000 |
| Collateral | 4 | $460,000 | $115,000 | $190,000 | $124,000 | $288,000 |
| Other | 4 | $852,000 | $213,000 | $630,000 | $64,000 | $124,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 - Hs's 2008 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.
For a list of all lenders in Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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