Simmons Bank Mortgage Rates, Fees & Info
Pine Bluff, ARLEI: 549300DPRWSBUY619V27
Tax ID: 71-0162300
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Mortgage Data
Review & Overview
Simmons Bank is a smaller bank specializing in Home Purchase loans. Simmons Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Little Rock, Dallas, Memphis, Jacksonville, and Nashville among others. We have data for 124 markets. (Some data included below & more in-depth data is available with an active subscription.)Simmons Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Simmons Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.09% | 4/17/25 |
| 30 Year Conventional Purchase | 7.25% | 4/17/25 |
| 30 Year Conventional Refi | 7.35% | 4/17/25 |
| 30 Year Cash-out Refi | 7.16% | 4/17/25 |
| 30 Year FHA Purchase | 7.11% | 4/17/25 |
| 30 Year FHA Refi | 7.42% | 4/17/25 |
| 30 Year VA Purchase | 6.64% | 4/17/25 |
| 30 Year VA Refi | 6.08% | 4/17/25 |
| 30 Year USDA Purchase | 6.88% | 4/17/25 |
| 15 Year Conventional Purchase | 7.11% | 4/17/25 |
| 15 Year Conventional Refi | 9.03% | 4/17/25 |
| 15 Year Cash-out Refi | 9.03% | 4/17/25 |
| 15 Year FHA Purchase | 6.00% | 4/17/25 |
| 15 Year VA Refi | 6.00% | 4/17/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Simmons Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Simmons Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,161Origination Dollar Volume (All Markets)
$777,655,000Awards
Simmons Bank - 2024
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For 2024, less than of lenders were eligible for this award.
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Relative Rate
Simmons Bank's average 30 year fixed mortgage rate was
6.88%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.33%.
Relative Fees (Closing Costs)
Simmons Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,234.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
Top Markets
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Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 338 | $63,840,000 | $188,876 | $4,298 | 7.46% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 162 | $53,820,000 | $332,222 | $8,060 | 7.54% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 217 | $51,645,000 | $237,995 | $5,091 | 7.80% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $49,205,000 | $49,205,000 | $0 | 8.57% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 160 | $43,710,000 | $273,188 | $5,454 | 8.21% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $43,005,000 | $43,005,000 | $0 | 8.60% |
| Outside of Metro Areas | 348 | $42,920,000 | $123,333 | $3,824 | 8.02% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 173 | $42,865,000 | $247,775 | $5,240 | 7.27% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $30,045,000 | $30,045,000 | $0 | 8.82% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 63 | $27,985,000 | $444,206 | $7,030 | 7.94% |
| JACKSON, TN (FHA|USDA|VA) | 115 | $26,705,000 | $232,217 | $6,076 | 7.57% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 28 | $23,300,000 | $832,143 | $3,990 | 7.58% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 103 | $20,235,000 | $196,456 | $0 | 8.69% |
| Searcy, AR (FHA|USDA|VA) | 93 | $16,485,000 | $177,258 | $4,025 | 7.14% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 82 | $15,790,000 | $192,561 | $5,525 | 7.03% |
| Stillwater, OK (FHA|USDA|VA) | 67 | $14,795,000 | $220,821 | $4,508 | 7.24% |
| KNOXVILLE, TN (FHA|USDA|VA) | 37 | $14,145,000 | $382,297 | $5,366 | 7.96% |
| JONESBORO, AR (FHA|USDA|VA) | 112 | $14,010,000 | $125,089 | $4,471 | 8.05% |
| COLUMBIA, MO (FHA|USDA|VA) | 108 | $11,860,000 | $109,815 | $2,395 | 8.05% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 70 | $11,780,000 | $168,286 | $5,166 | 7.82% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 74 | $10,900,000 | $147,297 | $3,725 | 7.78% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 23 | $9,495,000 | $412,826 | $2,509 | 8.59% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 57 | $7,915,000 | $138,860 | $4,181 | 7.62% |
| PINE BLUFF, AR (FHA|USDA|VA) | 73 | $6,965,000 | $95,411 | $3,395 | 7.62% |
| Paragould, AR (FHA|USDA|VA) | 33 | $6,575,000 | $199,242 | $3,950 | 7.77% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 28 | $6,110,000 | $218,214 | $3,492 | 7.45% |
| Martin, TN (FHA|USDA|VA) | 58 | $5,660,000 | $97,586 | $4,065 | 8.09% |
| Russellville, AR (FHA|USDA|VA) | 36 | $5,180,000 | $143,889 | $2,882 | 7.90% |
| WICHITA, KS (FHA|USDA|VA) | 24 | $5,070,000 | $211,250 | $3,913 | 7.29% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 23 | $4,835,000 | $210,217 | $4,707 | 8.38% |
| Branson, MO (FHA|USDA|VA) | 29 | $4,665,000 | $160,862 | $3,024 | 8.30% |
| El Dorado, AR (FHA|USDA|VA) | 35 | $4,595,000 | $131,286 | $2,763 | 8.11% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 9 | $3,985,000 | $442,778 | $12,307 | 8.28% |
| TULSA, OK (FHA|USDA|VA) | 16 | $3,790,000 | $236,875 | $4,905 | 7.78% |
| West Plains, MO (FHA|USDA|VA) | 32 | $3,730,000 | $116,563 | $2,552 | 8.40% |
| Athens, TN (FHA|USDA|VA) | 27 | $3,375,000 | $125,000 | $5,958 | 8.16% |
| Sedalia, MO (FHA|USDA|VA) | 15 | $3,375,000 | $225,000 | $2,981 | 7.43% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $3,200,000 | $800,000 | $8,033 | 7.41% |
| Dyersburg, TN (FHA|USDA|VA) | 40 | $3,000,000 | $75,000 | $2,315 | 8.21% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 16 | $2,690,000 | $168,125 | $3,129 | 8.40% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $2,580,000 | $258,000 | $5,520 | 7.87% |
| Ardmore, OK (FHA|USDA|VA) | 16 | $2,540,000 | $158,750 | $6,718 | 8.20% |
| TYLER, TX (FHA|USDA|VA) | 4 | $2,470,000 | $617,500 | $0 | 9.09% |
| Union City, TN (FHA|USDA|VA) | 24 | $2,440,000 | $101,667 | $3,713 | 7.83% |
| Kingsville, TX (FHA|USDA|VA) | 5 | $2,265,000 | $453,000 | $0 | 8.75% |
| Rockport, TX (FHA|USDA|VA) | 8 | $1,690,000 | $211,250 | $0 | 8.12% |
| Athens, TX (FHA|USDA|VA) | 9 | $1,595,000 | $177,222 | $4,586 | 8.33% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $4,680 | 6.54% |
| Ada, OK (FHA|USDA|VA) | 8 | $1,540,000 | $192,500 | $3,717 | 8.41% |
| CLEVELAND, TN (FHA|USDA|VA) | 7 | $1,415,000 | $202,143 | $4,332 | 7.39% |
| Batesville, AR (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $4,673 | 7.90% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $0 | 6.25% |
| Oxford, MS (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $5,814 | 7.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $6,200 | 6.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $6,576 | 7.56% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $3,630 | 6.63% |
| Arkadelphia, AR (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $2,545 | 8.33% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $10,424 | 7.13% |
| WACO, TX (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $9,738 | 7.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $7,868 | 7.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $4,047 | 6.81% |
| Mineral Wells, TX (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $4,888 | 8.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $3,979 | 7.13% |
| Durant, OK (FHA|USDA|VA) | 8 | $720,000 | $90,000 | $5,368 | 8.58% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $5,313 | 6.13% |
| Mountain Home, AR (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $2,966 | 8.54% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $4,946 | 7.47% |
| Brevard, NC (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,077 | 7.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,309 | 7.19% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,160 | 6.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $3,636 | 5.88% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $4,351 | 6.50% |
| Brownsville, TN (FHA|USDA|VA) | 6 | $590,000 | $98,333 | $2,945 | 7.50% |
| Magnolia, AR (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,573 | 7.24% |
| MORRISTOWN, TN (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,876 | 7.96% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,955 | 6.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $7,663 | 6.00% |
| Alice, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 9.00% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,459 | 8.31% |
| Beeville, TX (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $8,418 | 8.66% |
| Clarksdale, MS (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,958 | 7.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,714 | 7.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,345 | 6.50% |
| Corinth, MS (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,925 | 6.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,963 | 6.88% |
| Huntsville, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,796 | 8.06% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,796 | 7.75% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,261 | 7.50% |
| MONROE, MI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,532 | 7.13% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,952 | 7.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,677 | 6.50% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,964 | 6.50% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,220 | 8.13% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $1,585 | 9.15% |
| McAlester, OK (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,864 | 7.38% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,936 | 7.38% |
| Farmington, MO (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $1,318 | 9.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,239 | 5.88% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,586 | 7.81% |
| Malvern, AR (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,194 | 6.56% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,778 | 6.50% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,596 | 8.25% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,668 | 7.38% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,417 | 6.63% |
| Kennett, MO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,044 | 6.44% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,267 | 8.50% |
| JOPLIN, MO (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $4,632 | 8.06% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,732 | 5.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,213 | 6.63% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,458 | 6.38% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,761 | 7.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $950 | 9.57% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.70% |
| Salina, KS (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $2,734 | 7.81% |
| MONROE, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,504 | 7.63% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,615 | 7.50% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,401 | 6.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.80% |
| Paris, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,272 | 10.29% |
| Winfield, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,785 | 7.13% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,017 | 6.75% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.35% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.50% |
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We use machine learning to identify the top lenders compared against Simmons Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, Simmons Bank's most frequently originated type of loan was Conventional, with 1,816 originations. Their 2nd most popular type was HELOC, with 999 originations.
Loan Reason
For 2024, Simmons Bank's most frequently cited loan purpose was Home Purchase, with 1,725 originations. The 2nd most popular reason was Refi, with 598 originations.
Loan Duration/Length
For 2024, Simmons Bank's most frequently cited loan duration was 30 Year, with 1,329 originations. The 2nd most popular length was 5 Year, with 963 originations.
Origination Fees/Closing Costs
Simmons Bank's average total fees were $5,234, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 898 originations.
Interest Rates
During 2024, Simmons Bank's average interest rate for loans was 6.88%, while their most frequently originated rate bucket for loans was Over 8%, with 1,521 originations.
Loan Sizing
2024 saw Simmons Bank place emphasis on $100,000 or less loans with 1,062 originations, totaling $55,000,000 in origination value.
Applicant Income
Simmons Bank lent most frequently to those with incomes in the $50k-75k range, with 569 originations. The second most popular income band? $100k-150k, with 511 originations.
Applicant Debt to Income Ratio
Simmons Bank lent most frequently to those with DTI ratios of 20-30%, with 535 originations. The next most common DTI ratio? 30-36%, with 447 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.02%
Simmons Bank has a below average approval rate.
Pick Rate
Approvals leading to origination78.14%
Simmons Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,161 | $777,655,000 | $246,016 |