Simmons First Bank - Nw Mortgage Lending & HMDA Data, 2004
In 2004, Simmons First Bank - Nw of Rogers, AR reported 224 mortgage applications totaling $15.5 million, up 113% from 2003. The average application was for $69,093, and applicants reported an average income of $47,000. 81% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (200), Tulsa, OK (2) and St. Louis, MO-IL (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 | 224 |
| Total Mortgage Loan Application Amount | $15,477,000 |
| Average Mortgage Loan Application Amount | $69,093 |
| Highest Mortgage Loan Application Amount | $456,000 |
| Average Applicant Income | $47,000 |
| Highest Applicant Income | $345,000 |
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(HMDA) records Simmons First Bank - Nw filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Simmons First Bank - Nw in 2004
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 Improvement | 83 | $1,882,000 | $41,333 | $143,000 | $40,333 | $304,000 |
| Refinancing | 75 | $7,563,000 | $80,500 | $456,000 | $45,000 | $314,000 |
| Home Purchase | 66 | $6,032,000 | $74,000 | $380,000 | $44,333 | $345,000 |
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 | 203 | $13,749,000 | $56,333 | $456,000 | $48,666 | $345,000 |
| Not applicable | 10 | $1,333,000 | $133,000 | $435,000 | $0 | $0 |
| Hispanic | 7 | $248,000 | $35,000 | $128,000 | $43,000 | $118,000 |
| American Indian or Alaskan Native | 3 | $55,000 | $20,000 | $26,000 | $57,500 | $95,000 |
| Black or African American | 1 | $92,000 | $92,000 | $92,000 | $31,000 | $31,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 223 | $15,469,000 | $59,666 | $456,000 | $44,666 | $345,000 |
| FHA-insured (Federal Housing Administration) | 1 | $8,000 | $8,000 | $8,000 | $12,000 | $12,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 181 | $11,971,000 | $47,666 | $456,000 | $43,000 | $314,000 |
| Application Denied By Financial Institution | 20 | $721,000 | $46,333 | $110,000 | $41,333 | $205,000 |
| Loan Purchased By The Institution | 13 | $1,729,000 | $133,000 | $203,000 | $90,000 | $345,000 |
| Application Withdrawn By Applicant | 10 | $1,056,000 | $105,000 | $380,000 | $37,000 | $166,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 13 | $336,000 | $23,000 | $110,000 | $30,000 | $57,000 |
| Debt-To-Income Ratio | 4 | $224,000 | $65,500 | $85,000 | $45,500 | $64,000 |
| Employment History | 1 | $3,000 | $3,000 | $3,000 | $67,000 | $67,000 |
| Collateral | 1 | $66,000 | $66,000 | $66,000 | $205,000 | $205,000 |
| Other | 1 | $92,000 | $92,000 | $92,000 | $31,000 | $31,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2004 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.
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