Uark Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Uark Federal Credit Union of Fayetteville, AR reported 79 mortgage applications totaling $7.9 million, about the same as 2023. The average application was for $99,683, and applicants reported an average income of $100,569. 41% of its applications resulted in an originated loan and 42% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (48) and Little Rock-North Little Rock-Conway, AR (26).
| Mortgage Company & Address | Uark Federal Credit Union 577 S Hill Ave Fayetteville, AR 72703 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 79 |
| Total Mortgage Loan Application Amount | $7,875,000 |
| Average Mortgage Loan Application Amount | $99,683 |
| Highest Mortgage Loan Application Amount | $555,000 |
| Average Applicant Income | $100,569 |
| Highest Applicant Income | $503,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Uark Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washington, Arkansas | 38 | $ 3,940,000 | $ 103,684 | $ 95,000 |
| Pulaski, Arkansas | 18 | $ 1,680,000 | $ 93,333 | $ 91,000 |
| Benton, Arkansas | 9 | $ 635,000 | $ 70,555 | $ 84,000 |
| Saline, Arkansas | 5 | $ 465,000 | $ 93,000 | $ 69,000 |
| Carroll, Arkansas | 1 | $ 195,000 | $ 195,000 | $ 341,000 |
| Faulkner, Arkansas | 1 | $ 555,000 | $ 555,000 | $ 503,000 |
| Franklin, Arkansas | 1 | $ 85,000 | $ 85,000 | $ 74,000 |
| Grant, Arkansas | 1 | $ 65,000 | $ 65,000 | $ 138,000 |
| Jefferson, Arkansas | 1 | $ 5,000 | $ 5,000 | $ 94,000 |
| Lonoke, Arkansas | 1 | $ 35,000 | $ 35,000 | $ 39,000 |
| Madison, Arkansas | 1 | $ 75,000 | $ 75,000 | $ 167,000 |
| Monroe, Arkansas | 1 | $ 55,000 | $ 55,000 | $ 122,000 |
| White, Arkansas | 1 | $ 85,000 | $ 85,000 | $ 109,000 |
Mortgage Loan Application Detail Totals for Uark Federal Credit Union in 2024
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 38 | $2,320,000 | $61,000 | $225,000 | $94,000 | $207,000 |
| Home Purchase | 15 | $3,025,000 | $201,000 | $555,000 | $111,000 | $503,000 |
| Cash-out Refinancing | 12 | $1,640,000 | $136,000 | $285,000 | $98,000 | $341,000 |
| Home Improvement | 12 | $760,000 | $63,000 | $105,000 | $108,000 | $150,000 |
| Refinancing | 2 | $130,000 | $65,000 | $85,000 | $118,000 | $125,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 48 | $4,050,000 | $84,000 | $305,000 | $99,000 | $207,000 |
| Black or African American | 12 | $1,380,000 | $115,000 | $555,000 | $111,000 | $503,000 |
| Not Provided | 10 | $1,110,000 | $111,000 | $245,000 | $118,000 | $341,000 |
| Hispanic | 7 | $945,000 | $135,000 | $355,000 | $58,000 | $106,000 |
| American Indian or Alaskan Native | 1 | $205,000 | $205,000 | $205,000 | $60,000 | $60,000 |
| Asian | 1 | $185,000 | $185,000 | $185,000 | $225,000 | $225,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 79 | $7,875,000 | $99,000 | $555,000 | $101,000 | $503,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 33 | $3,345,000 | $101,000 | $355,000 | $76,000 | $201,000 |
| Loan Originated | 32 | $3,040,000 | $95,000 | $555,000 | $132,000 | $503,000 |
| Application Withdrawn By Applicant | 14 | $1,490,000 | $106,000 | $305,000 | $88,000 | $202,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 79 | $7,875,000 | $99,000 | $555,000 | $101,000 | $503,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Uark Federal Credit Union's 2024 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 Uark Federal Credit Union'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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