Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | SIMMONS BANK | BANK OF ENGLAND |
|---|---|---|
| Total Applications | 5,087 | 5,645 ▲ |
| Loans Originated | 3,161 | 3,672 |
| Approval Rate (higher is better) | 62.1% | 65.0% ✓ |
| Denial Rate (lower is better) | 24.0% | 5.4% ✓ |
| Avg Loan Amount | $217,532 | $322,995 |
| Avg Interest Rate (lower is better) | 7.782% | 6.718% ✓ |
| Avg Applicant Income | $35,000 | $39,000 |
| Applications Denied | 1,220 | 304 |
| Applications Withdrawn | 641 | 1,425 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | SIMMONS BANK | BANK OF ENGLAND |
|---|---|---|
| Conventional | 4,543 (89.3%) | 3,227 (57.2%) |
| FHA | 420 (8.3%) | 1,798 (31.9%) |
| VA | 57 (1.1%) | 478 (8.5%) |
| USDA | 67 (1.3%) | 142 (2.5%) |
Loan Purpose Breakdown
| Purpose | SIMMONS BANK | BANK OF ENGLAND |
|---|---|---|
| Home Purchase | 2,359 | 4,689 |
| Home Improvement | 1,090 | 5 |
| Refinancing | 938 | 330 |
| Other | 544 | 5 |
| Cash-out Refinancing | 156 | 616 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Arkansas | 1,116 | #11 |
No state data available.
Summary
- 5,087 total applications · 3,161 originated
- Approval rate: 62.1%
- Denial rate: 24.0%
- Avg loan: $217,532
- Avg rate: 7.782%
- HQ: PINE BLUFF, AR
- 5,645 total applications · 3,672 originated
- Approval rate: 65.0%
- Denial rate: 5.4%
- Avg loan: $322,995
- Avg rate: 6.718%
- HQ: ENGLAND, AR
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.