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Farm Credit Services of Western Arkansas

Russellville, AR

Farm Credit Services of Western Arkansas processed 208 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 127 loans with a 18.8% denial rate. Home Purchase was the primary loan purpose. Based in Russellville, AR. The approval rate of 61.1% reflects originated loans as a share of all applications.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Farm Credit Services of Western Arkansas's 61.1% origination rate tells you how often an application turned into funded money; the 18.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Insufficient cash, which together explain the majority of rejections. Most activity concentrated in Conventional loans (208 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.

208
Applications
127
Originated
18.8%
Denial Rate
$279,663
Avg Loan Amount
Avg Interest Rate: 6.807% Avg Applicant Income: $31,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 208 127 39 $279,663

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Farm Credit Services of Western Arkansas (LEI: 549300LAQ3M8E5I08F43) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
27
Credit history
6
Insufficient cash
4
Collateral
3
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 150 88 $310,267
Refinancing 44 28 $232,045
Home Improvement 11 9 $108,636
Other 3 2 $75,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 183 62.3% 16.4%
Joint * 11 90.9% 0.0%
Asian * 2 50.0% 50.0%
Black or African American * 1 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 191 63.9% 16.2%
Hispanic or Latino * 4 50.0% 25.0%
Joint * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in AR

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

Bank of England

ENGLAND, AR

5,645 apps 3,672 originated 5.4% denied

Simmons Bank

PINE BLUFF, AR

5,087 apps 3,161 originated 24.0% denied

Centennial Bank

Conway, AR

4,878 apps 2,631 originated 17.7% denied

Bank Ozk

LITTLE ROCK, AR

4,543 apps 1,840 originated 34.5% denied

Arkansas Federal Credit Union

LITTLE ROCK, AR

4,140 apps 2,432 originated 22.0% denied
Compare Farm Credit Services of Western Arkansas vs Bank of England →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Farm Credit Services of Western Arkansas process?
Farm Credit Services of Western Arkansas processed 208 mortgage applications in the 2024 HMDA reporting year. Of these, 127 were originated (approved and funded), 18 were withdrawn by the applicant, and 39 were denied.
What is Farm Credit Services of Western Arkansas's mortgage approval rate?
Farm Credit Services of Western Arkansas has an approval (origination) rate of 61.1%, meaning 61.1% of all applications resulted in a funded mortgage. The denial rate is 18.8%.
What is the average loan amount at Farm Credit Services of Western Arkansas?
The average mortgage loan amount at Farm Credit Services of Western Arkansas is $279,663. The average interest rate is 6.807%. The average applicant income is $31,000.
What are the most common reasons for mortgage denial at Farm Credit Services of Western Arkansas?
The most common reasons for mortgage denial at Farm Credit Services of Western Arkansas are: Debt-to-income ratio, Credit history, Insufficient cash. In total, 39 applications were denied out of 208 total applications.
What types of mortgage loans does Farm Credit Services of Western Arkansas offer?
Farm Credit Services of Western Arkansas processes Conventional loans. The most common type is Conventional with 208 applications and an average loan amount of $279,663.
What loan purposes does Farm Credit Services of Western Arkansas serve?
Farm Credit Services of Western Arkansas serves the following loan purposes: Home Purchase (150 applications), Refinancing (44 applications), Home Improvement (11 applications), Other (3 applications). Home Purchase is the most common purpose.
Where is Farm Credit Services of Western Arkansas located?
Farm Credit Services of Western Arkansas is headquartered in Russellville, AR. The lender is identified by LEI 549300LAQ3M8E5I08F43 in HMDA data.
How does Farm Credit Services of Western Arkansas compare in lending across racial demographics?
Farm Credit Services of Western Arkansas reports demographic lending data under HMDA requirements. White applicants have an approval rate of 62.3% and denial rate of 16.4%; Joint applicants have an approval rate of 90.9% and denial rate of 0.0%; Asian applicants have an approval rate of 50.0% and denial rate of 50.0%. 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.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.