Simmons First Bank - Nw Mortgage Lending & HMDA Data, 2010
In 2010, Simmons First Bank - Nw of Rogers, AR reported 207 mortgage applications totaling $20.4 million, down 20% from 2009. The average application was for $98,439, and applicants reported an average income of $64,748. 76% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (192), Fort Smith, AR-OK (1) and Little Rock-North Little Rock-Conway, AR (1) (applications in parentheses).
| Mortgage Company & Address | Simmons First Bank - Nw 3975 W. New Hope Road Rogers, AR 72758 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 | 207 |
| Total Mortgage Loan Application Amount | $20,377,000 |
| Average Mortgage Loan Application Amount | $98,439 |
| Highest Mortgage Loan Application Amount | $432,000 |
| Average Applicant Income | $64,748 |
| Highest Applicant Income | $332,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Simmons First Bank - Nw filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Benton, Arkansas | 104 | $ 11,581,000 | $ 111,355 | $ 71,000 |
| Washington, Arkansas | 86 | $ 7,701,000 | $ 89,546 | $ 61,000 |
| Adair, Oklahoma | 8 | $ 248,000 | $ 31,000 | $ 45,000 |
| Madison, Arkansas | 2 | $ 124,000 | $ 62,000 | $ 38,000 |
| Barry, Missouri | 2 | $ 272,000 | $ 136,000 | $ 67,000 |
| Delaware, Oklahoma | 2 | $ 181,000 | $ 90,500 | $ 12,000 |
| Faulkner, Arkansas | 1 | $ 10,000 | $ 10,000 | $ 0 |
| Sebastian, Arkansas | 1 | $ 126,000 | $ 126,000 | $ 46,000 |
| Cherokee, Oklahoma | 1 | $ 134,000 | $ 134,000 | $ 97,000 |
Mortgage Loan Application Detail Totals for Simmons First Bank - Nw in 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 89 | $12,192,000 | $136,000 | $417,000 | $77,000 | $332,000 |
| Home Purchase | 65 | $7,522,000 | $115,000 | $432,000 | $60,000 | $320,000 |
| Home Improvement | 53 | $663,000 | $12,000 | $100,000 | $50,000 | $258,000 |
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 | $17,740,000 | $98,000 | $432,000 | $68,000 | $332,000 |
| Hispanic | 13 | $1,219,000 | $93,000 | $245,000 | $52,000 | $145,000 |
| Not applicable | 6 | $452,000 | $75,000 | $177,000 | $0 | $0 |
| Asian | 5 | $683,000 | $136,000 | $310,000 | $62,000 | $87,000 |
| Black or African American | 1 | $263,000 | $263,000 | $263,000 | $76,000 | $76,000 |
| American Indian or Alaskan Native | 1 | $20,000 | $20,000 | $20,000 | $46,000 | $46,000 |
| Not Provided | 0 | $0 | $0 | $0 | $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) | 150 | $12,984,000 | $86,000 | $432,000 | $69,000 | $332,000 |
| FHA-insured (Federal Housing Administration) | 48 | $5,997,000 | $124,000 | $274,000 | $50,000 | $245,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $656,000 | $109,000 | $143,000 | $49,000 | $69,000 |
| VA-guaranteed (Veterans Administration) | 3 | $740,000 | $246,000 | $270,000 | $99,000 | $121,000 |
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 | 158 | $16,242,000 | $102,000 | $432,000 | $69,000 | $332,000 |
| Application Denied By Financial Institution | 34 | $2,519,000 | $74,000 | $316,000 | $49,000 | $163,000 |
| Application Withdrawn By Applicant | 10 | $909,000 | $90,000 | $300,000 | $62,000 | $137,000 |
| Application Approved But Not Accepted | 5 | $707,000 | $141,000 | $310,000 | $48,000 | $83,000 |
| 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 | 21 | $704,000 | $33,000 | $160,000 | $36,000 | $64,000 |
| Debt-To-Income Ratio | 5 | $588,000 | $117,000 | $316,000 | $55,000 | $84,000 |
| Collateral | 4 | $536,000 | $134,000 | $270,000 | $72,000 | $121,000 |
| Other | 4 | $691,000 | $172,000 | $285,000 | $89,000 | $163,000 |
| 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 - Nw's 2010 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 - Nw'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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