Logan County, AR Mortgage Lenders & HMDA Data, 2007

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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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
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Top Mortgage Lenders in Logan County, AR (2007)

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

See every lender active in Logan County, AR in 2007 »

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.

Mortgage Loan Application Detail Totals for Logan County, AR in 2007

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.

Download the Arkansas Lender List