BANK OF ENGLAND

ENGLAND, AR

BANK OF ENGLAND processed 5,645 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 3,672 loans with a 5.4% denial rate. Home Purchase was the primary loan purpose. Based in ENGLAND, AR. The approval rate of 65.0% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. BANK OF ENGLAND processed 5,645 HMDA-reported mortgage applications in 2024, originating 3,672 loans and denying 304 for a denial rate of 5.4% (applicants themselves withdrew 1,425 files before a decision). The average loan amount was $322,995 at a 6.718% average note rate, and applicants self-reported an average income of $39,000. The lender reports under LEI 549300GY4NTTEM7WWB64 from ENGLAND, AR.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. BANK OF ENGLAND's 65.0% origination rate tells you how often an application turned into funded money; the 5.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (3,227 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

5,645
Applications
3,672
Originated
5.4%
Denial Rate
$322,995
Avg Loan Amount
Avg Interest Rate: 6.718% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,227 2,020 175 $339,050
FHA 1,798 1,225 111 $285,484
VA 478 338 9 $400,146
USDA 142 89 9 $173,380

Top loan types — BANK OF ENGLAND

Top loan types — BANK OF ENGLAND Horizontal bar chart of the top 4 items by value (applications). Top loan types — BANK OF ENGLAND Top 4 1. Conventional 3,227 2. FHA 1,798 3. VA 478 4. USDA 142 Top 5 loan types by application volume at BANK OF ENGLAND (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for BANK OF ENGLAND (LEI: 549300GY4NTTEM7WWB64) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Other
97
Debt-to-income ratio
65
Credit history
53
Collateral
41
Credit application incomplete
37
Employment history
11
Insufficient cash
10
Unverifiable information
10

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 4,689 3,289 $323,010
Cash-out Refinancing 616 220 $302,338
Refinancing 330 158 $367,636
Home Improvement 5 4 $87,000
Other 5 1 $143,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 3,939 67.9% 4.9%
Black or African American 544 56.4% 8.5%
Asian 179 58.7% 5.6%
Joint 113 73.5% 2.6%
American Indian or Alaska Native 21 52.4% 4.8%
Native Hawaiian or Other Pacific Islander 12 75.0% 8.3%
2 or more minority races 9 88.9% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 4,198 66.8% 5.2%
Hispanic or Latino 547 61.1% 6.8%
Joint 127 62.2% 6.3%

Nearby Lenders in AR

Other HMDA-reporting lenders in AR with similar activity. Compare any two side-by-side.

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did BANK OF ENGLAND process?
BANK OF ENGLAND processed 5,645 mortgage applications in the 2023 HMDA reporting year. Of these, 3,672 were originated (approved and funded), 1,425 were withdrawn by the applicant, and 304 were denied.
What is BANK OF ENGLAND's mortgage approval rate?
BANK OF ENGLAND has an approval (origination) rate of 65.0%, meaning 65.0% of all applications resulted in a funded mortgage. The denial rate is 5.4%.
What is the average loan amount at BANK OF ENGLAND?
The average mortgage loan amount at BANK OF ENGLAND is $322,995. The average interest rate is 6.718%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at BANK OF ENGLAND?
The most common reasons for mortgage denial at BANK OF ENGLAND are: Other, Debt-to-income ratio, Credit history. In total, 304 applications were denied out of 5,645 total applications.
What types of mortgage loans does BANK OF ENGLAND offer?
BANK OF ENGLAND processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 3,227 applications and an average loan amount of $339,050.
What loan purposes does BANK OF ENGLAND serve?
BANK OF ENGLAND serves the following loan purposes: Home Purchase (4,689 applications), Cash-out Refinancing (616 applications), Refinancing (330 applications), Home Improvement (5 applications), Other (5 applications). Home Purchase is the most common purpose.
Where is BANK OF ENGLAND located?
BANK OF ENGLAND is headquartered in ENGLAND, AR. The lender is identified by LEI 549300GY4NTTEM7WWB64 in HMDA data.
How does BANK OF ENGLAND compare in lending across racial demographics?
BANK OF ENGLAND reports demographic lending data under HMDA requirements. White applicants have an approval rate of 67.9% and denial rate of 4.9%; Black or African American applicants have an approval rate of 56.4% and denial rate of 8.5%; Asian applicants have an approval rate of 58.7% and denial rate of 5.6%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.