Simmons First Bank-Jonesboro Mortgage Lending & HMDA Data, 2008
In 2008, Simmons First Bank-Jonesboro of Jonesboro, AR reported 633 mortgage applications totaling $78.2 million, up 2% from 2007. The average application was for $123,515, and applicants reported an average income of $83,161. 78% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Jonesboro, AR (527), Little Rock-North Little Rock-Conway, AR (7) and Hot Springs, AR (1) (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 | 633 |
| Total Mortgage Loan Application Amount | $78,185,000 |
| Average Mortgage Loan Application Amount | $123,515 |
| Highest Mortgage Loan Application Amount | $1,875,000 |
| Average Applicant Income | $83,161 |
| Highest Applicant Income | $879,000 |
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records Simmons First Bank-Jonesboro filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 298 | $37,130,000 | $124,000 | $990,000 | $75,000 | $879,000 |
| Refinancing | 281 | $38,327,000 | $136,000 | $1,875,000 | $93,000 | $819,000 |
| Home Improvement | 54 | $2,728,000 | $50,000 | $340,000 | $77,000 | $332,000 |
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 | 545 | $67,454,000 | $123,000 | $1,875,000 | $90,000 | $879,000 |
| Not applicable | 58 | $6,143,000 | $105,000 | $705,000 | $0 | $0 |
| Black or African American | 18 | $1,523,000 | $84,000 | $220,000 | $88,000 | $354,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $2,003,000 | $400,000 | $990,000 | $286,000 | $450,000 |
| Not Provided | 4 | $601,000 | $150,000 | $223,000 | $44,000 | $99,000 |
| Asian | 2 | $348,000 | $174,000 | $232,000 | $127,000 | $200,000 |
| Hispanic | 1 | $113,000 | $113,000 | $113,000 | $46,000 | $46,000 |
| American Indian or Alaskan Native | 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) | 602 | $75,345,000 | $125,000 | $1,875,000 | $85,000 | $879,000 |
| FHA-insured (Federal Housing Administration) | 17 | $1,839,000 | $108,000 | $183,000 | $53,000 | $99,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $748,000 | $68,000 | $163,000 | $37,000 | $56,000 |
| VA-guaranteed (Veterans Administration) | 3 | $253,000 | $84,000 | $92,000 | $41,000 | $60,000 |
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 | 493 | $62,780,000 | $127,000 | $1,875,000 | $86,000 | $879,000 |
| Application Withdrawn By Applicant | 76 | $9,292,000 | $122,000 | $403,000 | $83,000 | $819,000 |
| Application Denied By Financial Institution | 51 | $4,162,000 | $81,000 | $352,000 | $50,000 | $175,000 |
| Application Approved But Not Accepted | 9 | $1,533,000 | $170,000 | $403,000 | $112,000 | $332,000 |
| File Closed For Incompleteness | 3 | $402,000 | $134,000 | $300,000 | $41,000 | $79,000 |
| Preapproval Approved but not Accepted | 1 | $16,000 | $16,000 | $16,000 | $14,000 | $14,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | $1,405,000 | $54,000 | $180,000 | $48,000 | $175,000 |
| Debt-To-Income Ratio | 12 | $1,716,000 | $143,000 | $352,000 | $44,000 | $96,000 |
| Credit Application Incomplete | 5 | $519,000 | $103,000 | $187,000 | $74,000 | $99,000 |
| Collateral | 3 | $205,000 | $68,000 | $88,000 | $67,000 | $112,000 |
| Other | 3 | $191,000 | $63,000 | $89,000 | $37,000 | $60,000 |
| Employment History | 1 | $72,000 | $72,000 | $72,000 | $54,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $54,000 | $54,000 | $54,000 | $56,000 | $56,000 |
| Mortgage Insurance Denied | 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 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-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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