Simmons First Bank-Jonesboro Mortgage Lending & HMDA Data, 2007
In 2007, Simmons First Bank-Jonesboro of Jonesboro, AR reported 622 mortgage applications totaling $70.0 million, up 4% from 2006. The average application was for $112,599, and applicants reported an average income of $89,168. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Jonesboro, AR (549), Memphis, TN-MS-AR (5) and Little Rock-North Little Rock-Conway, AR (4) (applications in parentheses).
| Mortgage Company & Address | Simmons First Bank-Jonesboro P.O. Box 7509 Jonesboro, AR 72403 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 622 |
| Total Mortgage Loan Application Amount | $70,037,000 |
| Average Mortgage Loan Application Amount | $112,599 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $89,168 |
| Highest Applicant Income | $1,075,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Simmons First Bank-Jonesboro filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Jonesboro in 2007
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 | 303 | $35,761,000 | $118,000 | $564,000 | $86,000 | $1,023,000 |
| Refinancing | 262 | $31,315,000 | $119,000 | $1,500,000 | $92,000 | $1,075,000 |
| Home Improvement | 57 | $2,961,000 | $51,000 | $451,000 | $93,000 | $404,000 |
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 | 548 | $62,631,000 | $114,000 | $1,500,000 | $92,000 | $1,075,000 |
| Not applicable | 42 | $3,515,000 | $83,000 | $489,000 | $6,000 | $110,000 |
| Black or African American | 16 | $1,737,000 | $108,000 | $400,000 | $102,000 | $347,000 |
| Hispanic | 9 | $748,000 | $83,000 | $123,000 | $36,000 | $75,000 |
| Asian | 7 | $1,406,000 | $200,000 | $451,000 | $359,000 | $404,000 |
| 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) | 604 | $68,155,000 | $112,000 | $1,500,000 | $90,000 | $1,075,000 |
| FHA-insured (Federal Housing Administration) | 12 | $1,160,000 | $96,000 | $128,000 | $47,000 | $118,000 |
| VA-guaranteed (Veterans Administration) | 4 | $434,000 | $108,000 | $138,000 | $48,000 | $68,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $288,000 | $144,000 | $158,000 | $48,000 | $55,000 |
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 | 489 | $56,506,000 | $115,000 | $683,000 | $94,000 | $1,075,000 |
| Application Withdrawn By Applicant | 64 | $7,233,000 | $113,000 | $1,500,000 | $71,000 | $511,000 |
| Application Denied By Financial Institution | 48 | $4,300,000 | $89,000 | $331,000 | $76,000 | $915,000 |
| Application Approved But Not Accepted | 20 | $1,879,000 | $93,000 | $171,000 | $55,000 | $158,000 |
| File Closed For Incompleteness | 1 | $119,000 | $119,000 | $119,000 | $46,000 | $46,000 |
| 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 | 26 | $2,131,000 | $81,000 | $331,000 | $59,000 | $174,000 |
| Debt-To-Income Ratio | 14 | $1,464,000 | $104,000 | $280,000 | $60,000 | $203,000 |
| Collateral | 5 | $463,000 | $92,000 | $164,000 | $218,000 | $915,000 |
| Credit Application Incomplete | 2 | $112,000 | $56,000 | $62,000 | $33,000 | $36,000 |
| Employment History | 1 | $130,000 | $130,000 | $130,000 | $100,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Simmons First Bank-Jonesboro's 2007 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-Jonesboro'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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