Simmons First Bank - Nwa Mortgage Lending & HMDA Data, 2012
In 2012, Simmons First Bank - Nwa of Rogers, AR reported 180 mortgage applications totaling $17.8 million, up 9% from 2011. The average application was for $98,844, and applicants reported an average income of $68,311. 82% of its applications resulted in an originated loan and 12% were denied. Its largest market was Fayetteville-Springdale-Rogers, AR-MO (172).
| Mortgage Company & Address | Simmons First Bank - Nwa 3975 W. New Hope Road Rogers, AR 72758 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 180 |
| Total Mortgage Loan Application Amount | $17,792,000 |
| Average Mortgage Loan Application Amount | $98,844 |
| Highest Mortgage Loan Application Amount | $384,000 |
| Average Applicant Income | $68,311 |
| Highest Applicant Income | $913,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Simmons First Bank - Nwa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fayetteville-Springdale-Rogers, AR-MO | 172 | $ 17,686,000 | $ 102,825 | $ 70,000 |
Mortgage Loan Application Detail Totals for Simmons First Bank - Nwa in 2012
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 | 83 | $10,529,000 | $126,000 | $384,000 | $80,000 | $913,000 |
| Home Purchase | 51 | $6,327,000 | $124,000 | $338,000 | $64,000 | $233,000 |
| Home Improvement | 46 | $936,000 | $20,000 | $222,000 | $52,000 | $200,000 |
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 | 159 | $15,381,000 | $96,000 | $384,000 | $73,000 | $913,000 |
| Not applicable | 10 | $1,213,000 | $121,000 | $305,000 | $0 | $0 |
| Hispanic | 7 | $827,000 | $118,000 | $338,000 | $44,000 | $116,000 |
| Asian | 3 | $286,000 | $95,000 | $201,000 | $113,000 | $200,000 |
| American Indian or Alaskan Native | 1 | $85,000 | $85,000 | $85,000 | $52,000 | $52,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 147 | $13,675,000 | $93,000 | $384,000 | $70,000 | $913,000 |
| FHA-insured (Federal Housing Administration) | 29 | $3,616,000 | $124,000 | $249,000 | $62,000 | $142,000 |
| VA-guaranteed (Veterans Administration) | 3 | $404,000 | $134,000 | $149,000 | $71,000 | $107,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $97,000 | $97,000 | $97,000 | $49,000 | $49,000 |
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 | 148 | $15,035,000 | $101,000 | $384,000 | $70,000 | $913,000 |
| Application Denied By Financial Institution | 21 | $1,573,000 | $74,000 | $285,000 | $45,000 | $75,000 |
| Application Approved But Not Accepted | 7 | $738,000 | $105,000 | $212,000 | $96,000 | $183,000 |
| Application Withdrawn By Applicant | 4 | $446,000 | $111,000 | $150,000 | $88,000 | $120,000 |
| 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 | 14 | $1,197,000 | $85,000 | $285,000 | $43,000 | $73,000 |
| Debt-To-Income Ratio | 6 | $322,000 | $53,000 | $197,000 | $43,000 | $67,000 |
| Collateral | 1 | $54,000 | $54,000 | $54,000 | $75,000 | $75,000 |
| 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 |
| 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 - Nwa's 2012 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 - Nwa'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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with aggregated HMDA statistics today.
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