Question 1

How many mortgage applications did First National Bank of Fort Smith process?

Accepted Answer

First National Bank of Fort Smith processed 674 mortgage applications in the 2024 HMDA reporting year. Of these, 503 were originated (approved and funded), 123 were withdrawn by the applicant, and 40 were denied.

Question 2

What is First National Bank of Fort Smith's mortgage approval rate?

Accepted Answer

First National Bank of Fort Smith has an approval (origination) rate of 74.6%, meaning 74.6% of all applications resulted in a funded mortgage. The denial rate is 5.9%.

Question 3

What is the average loan amount at First National Bank of Fort Smith?

Accepted Answer

The average mortgage loan amount at First National Bank of Fort Smith is $320,890. The average interest rate is 7.184%. The average applicant income is $35,000.

Question 4

What are the most common reasons for mortgage denial at First National Bank of Fort Smith?

Accepted Answer

The most common reasons for mortgage denial at First National Bank of Fort Smith are: Debt-to-income ratio, Credit history, Collateral. In total, 40 applications were denied out of 674 total applications.

Question 5

What types of mortgage loans does First National Bank of Fort Smith offer?

Accepted Answer

First National Bank of Fort Smith processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 567 applications and an average loan amount of $333,624.

Question 6

What loan purposes does First National Bank of Fort Smith serve?

Accepted Answer

First National Bank of Fort Smith serves the following loan purposes: Home Purchase (523 applications), Refinancing (53 applications), Other (46 applications), Home Improvement (36 applications), Cash-out Refinancing (16 applications). Home Purchase is the most common purpose.

Question 7

Where is First National Bank of Fort Smith located?

Accepted Answer

First National Bank of Fort Smith is headquartered in Rogers, AR. The lender is identified by LEI 549300BREPLU2KKPI102 in HMDA data.

Question 8

Where does First National Bank of Fort Smith sit among U.S. mortgage lenders?

Accepted Answer

According to CFPB HMDA 2024 originated-loan volume among all listed lenders, First National Bank of Fort Smith ranks #1,221 of 4,908, and #11 of 65 among lenders headquartered in AR. It is below the 1,000-application origination-share board (674 applications). Its originated-loan count is higher than 75% of the 4,908 reporting lenders in this 2024 HMDA population. Ordinals use originated DESC matching the /lenders default sort. See /methodology#corpus-placement.

Question 9

How does First National Bank of Fort Smith compare in lending across racial demographics?

Accepted Answer

First National Bank of Fort Smith reports demographic lending data under HMDA requirements. White applicants have an approval rate of 72.9% and denial rate of 5.6%; Asian applicants have an approval rate of 74.0% and denial rate of 2.0%; Joint applicants have an approval rate of 71.0% and denial rate of 10.5%. This data reflects derived race categories as reported by applicants.

Type	Applications	Originated	Denied	Avg Loan
Conventional	567	438	32	$333,624
FHA	98	65	8	$256,837
VA	7	0	0	$235,000
USDA	2	0	0	$150,000

Purpose	Applications	Originated	Avg Loan
Home Purchase	523	404	$373,738
Refinancing	53	38	$187,830
Other	46	24	$87,391
Home Improvement	36	31	$103,889
Cash-out Refinancing	16	6	$193,750

Race	Applications	Approval Rate	Denial Rate
White	447	72.9%	5.6%
Asian	50	74.0%	2.0%
Joint *	38	71.0%	10.5%
American Indian or Alaska Native *	23	78.3%	8.7%
Black or African American *	12	75.0%	8.3%
2 or more minority races *	1	0.0%	100.0%
Native Hawaiian or Other Pacific Islander *	1	100.0%	0.0%

Ethnicity	Applications	Approval Rate	Denial Rate
Not Hispanic or Latino	515	73.2%	6.2%
Hispanic or Latino *	39	66.7%	7.7%
Joint *	17	76.5%	0.0%

First National Bank of Fort Smith

Loan types by applications · First National Bank of Fort…

Cited denial reasons · First National Bank of Fort…

Lending activity by loan program · First National Bank of Fort…

Why borrowers applied

Reported outcomes by applicant race

Reported outcomes by applicant ethnicity

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