Simmons First Bank - Nwa Mortgage Lending & HMDA Data, 2013
In 2013, Simmons First Bank - Nwa of Rogers, AR reported 164 mortgage applications totaling $18.5 million. The average application was for $112,896, and applicants reported an average income of $71,969. 83% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (154), Dallas-Plano-Irving, TX (1) and Fort Smith, AR-OK (1) (applications in parentheses).
| 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 | 2013 |
| Total Number of Mortgage Applications | 164 |
| Total Mortgage Loan Application Amount | $18,515,000 |
| Average Mortgage Loan Application Amount | $112,896 |
| Highest Mortgage Loan Application Amount | $750,000 |
| Average Applicant Income | $71,969 |
| Highest Applicant Income | $431,000 |
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(HMDA) records Simmons First Bank - Nwa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 154 | $ 18,196,000 | $ 118,155 | $ 73,766 |
| Dallas-Plano-Irving, TX | 1 | $ 2,000 | $ 2,000 | $ 138,000 |
| Fort Smith, AR-OK | 1 | $ 112,000 | $ 112,000 | $ 43,000 |
Mortgage Loan Application Detail Totals for Simmons First Bank - Nwa in 2013
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 | 70 | $9,744,000 | $139,000 | $468,000 | $75,000 | $421,000 |
| Refinancing | 61 | $8,359,000 | $137,000 | $750,000 | $82,000 | $431,000 |
| Home Improvement | 33 | $412,000 | $12,000 | $61,000 | $47,000 | $138,000 |
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 | 132 | $15,014,000 | $113,000 | $600,000 | $84,000 | $431,000 |
| Not applicable | 23 | $2,946,000 | $128,000 | $750,000 | $0 | $0 |
| Hispanic | 6 | $381,000 | $63,000 | $151,000 | $86,000 | $173,000 |
| Asian | 3 | $174,000 | $58,000 | $93,000 | $55,000 | $88,000 |
| Black or African American | 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 |
| 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) | 146 | $16,375,000 | $112,000 | $750,000 | $74,000 | $431,000 |
| FHA-insured (Federal Housing Administration) | 12 | $1,396,000 | $116,000 | $172,000 | $59,000 | $104,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $615,000 | $123,000 | $173,000 | $53,000 | $72,000 |
| VA-guaranteed (Veterans Administration) | 1 | $129,000 | $129,000 | $129,000 | $37,000 | $37,000 |
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 | 136 | $14,768,000 | $108,000 | $750,000 | $71,000 | $421,000 |
| Application Approved But Not Accepted | 14 | $2,769,000 | $197,000 | $600,000 | $95,000 | $431,000 |
| Application Denied By Financial Institution | 14 | $978,000 | $69,000 | $288,000 | $56,000 | $150,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 7 | $292,000 | $41,000 | $100,000 | $39,000 | $57,000 |
| Collateral | 3 | $354,000 | $118,000 | $288,000 | $110,000 | $150,000 |
| Debt-To-Income Ratio | 2 | $16,000 | $8,000 | $13,000 | $32,000 | $37,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $316,000 | $158,000 | $173,000 | $62,000 | $67,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Simmons First Bank - Nwa's 2013 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.
For a list of all lenders in Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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