In 2007, lenders reported 1,099 mortgage applications in Logan County, AR totaling $76.1 million, down 15% from 2006. The average application was for $69,000, and applicants reported an average income of $51,000. 41% of applications resulted in an originated loan and 24% were denied. The most active lender was Regions Bank, with 90 applications, followed by Countrywide Home Loans and First Western Bank.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,099 |
| Total Mortgage Loan Application Amount | $76,095,000 |
| Average Mortgage Loan Application Amount | $69,000 |
| Highest Mortgage Loan Application Amount | $514,000 |
| Average Applicant Income | $51,000 |
| Highest Applicant Income | $536,000 |
Ranked by the number of mortgage applications each lender reported in Logan County, AR in 2007.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Regions Bank Birmingham, AL |
90 | $4,827,000 | $53,000 | $59,000 |
| 2 | Countrywide Home Loans Westlake Village, CA |
76 | $7,315,000 | $96,000 | $53,000 |
| 3 | First Western Bank Rogers, AR |
68 | $3,278,000 | $48,000 | $65,000 |
| 4 | JPMorgan Chase Bank, NA Columbus, OH |
55 | $3,942,000 | $71,000 | $29,000 |
| 5 | Countrywide Bank FSB Westlake Village, CA |
54 | $5,206,000 | $96,000 | $57,000 |
| 6 | First Western Mortgage, Inc. Rogers, AR |
51 | $4,398,000 | $86,000 | $57,000 |
| 7 | Vanderbilt Mortgage Maryville, TN |
42 | $2,832,000 | $67,000 | $36,000 |
| 8 | Ge Money Bank Salt Lake City, UT |
40 | $718,000 | $17,000 | $48,000 |
| 9 | Arvest Bank Group Tulsa, OK |
37 | $1,663,000 | $44,000 | $37,000 |
| 10 | Citimortgage, Inc New York, NY |
36 | $2,846,000 | $79,000 | $57,000 |
The tables below break down 2007 mortgage applications in Logan County, AR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
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 | 481 | $37,085,000 | $77,000 | $387,000 | $54,000 | $536,000 |
| Home Purchase | 457 | $35,076,000 | $76,000 | $514,000 | $50,000 | $385,000 |
| Home Improvement | 161 | $3,934,000 | $24,000 | $179,000 | $45,000 | $150,000 |
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 | 865 | $58,747,000 | $67,000 | $387,000 | $54,000 | $536,000 |
| Not applicable | 103 | $7,815,000 | $75,000 | $157,000 | $28,000 | $239,000 |
| Not Provided | 100 | $7,846,000 | $78,000 | $514,000 | $51,000 | $167,000 |
| Hispanic | 13 | $513,000 | $39,000 | $100,000 | $42,000 | $106,000 |
| American Indian or Alaskan Native | 9 | $595,000 | $66,000 | $100,000 | $42,000 | $108,000 |
| Asian | 6 | $462,000 | $77,000 | $103,000 | $44,000 | $160,000 |
| Black or African American | 3 | $117,000 | $39,000 | $81,000 | $30,000 | $48,000 |
| 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) | 956 | $65,190,000 | $68,000 | $514,000 | $54,000 | $536,000 |
| FHA-insured (Federal Housing Administration) | 88 | $6,250,000 | $71,000 | $157,000 | $39,000 | $142,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 35 | $2,639,000 | $75,000 | $100,000 | $17,000 | $49,000 |
| VA-guaranteed (Veterans Administration) | 20 | $2,016,000 | $100,000 | $180,000 | $54,000 | $132,000 |
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 | 449 | $31,095,000 | $69,000 | $514,000 | $58,000 | $536,000 |
| Application Denied By Financial Institution | 261 | $14,585,000 | $55,000 | $200,000 | $47,000 | $160,000 |
| Loan Purchased By The Institution | 240 | $20,339,000 | $84,000 | $299,000 | $45,000 | $536,000 |
| Application Withdrawn By Applicant | 68 | $4,533,000 | $66,000 | $205,000 | $45,000 | $158,000 |
| Application Approved But Not Accepted | 60 | $3,715,000 | $61,000 | $197,000 | $50,000 | $113,000 |
| File Closed For Incompleteness | 21 | $1,828,000 | $87,000 | $128,000 | $57,000 | $133,000 |
| 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 | 93 | $3,581,000 | $38,000 | $152,000 | $47,000 | $150,000 |
| Collateral | 30 | $2,347,000 | $78,000 | $166,000 | $60,000 | $130,000 |
| Debt-To-Income Ratio | 18 | $943,000 | $52,000 | $138,000 | $46,000 | $115,000 |
| Other | 14 | $689,000 | $49,000 | $131,000 | $31,000 | $58,000 |
| Credit Application Incomplete | 13 | $849,000 | $65,000 | $124,000 | $44,000 | $67,000 |
| Employment History | 3 | $236,000 | $78,000 | $151,000 | $49,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $50,000 | $50,000 | $50,000 | $19,000 | $19,000 |
| Unverifiable Information | 1 | $40,000 | $40,000 | $40,000 | $114,000 | $114,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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