Simmons Bank Mortgage Rates, Fees & Info
Pine Bluff, ARLEI: 549300DPRWSBUY619V27
Tax ID: 71-0162300
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Memphis, Dallas, Nashville, and St. Louis among others. We have data for 151 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 an average 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 relatively high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.74% | 12/16/24 |
| 30 Year Conventional Purchase | 6.66% | 12/16/24 |
| 30 Year Conventional Refi | 6.89% | 12/16/24 |
| 30 Year Cash-out Refi | 6.69% | 12/16/24 |
| 30 Year FHA Purchase | 7.46% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.51% | 12/16/24 |
| 30 Year USDA Purchase | 6.97% | 12/16/24 |
| 15 Year Conventional Purchase | 6.49% | 12/16/24 |
| 15 Year Conventional Refi | 6.55% | 12/16/24 |
| 15 Year Cash-out Refi | 6.55% | 12/16/24 |
| 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
3,564Origination Dollar Volume (All Markets)
$785,660,000Awards
Simmons Bank - 2023
Simmons Bank is a 2023 , due to their low .
For 2023, 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
6.74%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.26%.
Relative Fees (Closing Costs)
Simmons Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,853.
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 $9,089.
Top Markets
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) | 412 | $92,140,000 | $223,641 | $4,543 | 7.27% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 298 | $79,700,000 | $267,450 | $5,504 | 7.59% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 198 | $63,100,000 | $318,687 | $5,671 | 7.43% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 182 | $57,430,000 | $315,549 | $4,938 | 7.84% |
| Outside of Metro Areas | 353 | $44,925,000 | $127,266 | $3,477 | 7.91% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 129 | $31,105,000 | $241,124 | $3,809 | 7.97% |
| JACKSON, TN (FHA|USDA|VA) | 134 | $30,380,000 | $226,716 | $4,913 | 7.56% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 106 | $25,360,000 | $239,245 | $4,350 | 7.87% |
| JONESBORO, AR (FHA|USDA|VA) | 135 | $24,895,000 | $184,407 | $5,091 | 7.53% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 65 | $24,735,000 | $380,538 | $8,261 | 7.97% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 89 | $20,855,000 | $234,326 | $4,041 | 7.04% |
| COLUMBIA, MO (FHA|USDA|VA) | 131 | $19,135,000 | $146,069 | $2,223 | 8.08% |
| Stillwater, OK (FHA|USDA|VA) | 96 | $19,000,000 | $197,917 | $4,474 | 7.54% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 49 | $15,705,000 | $320,510 | $5,895 | 8.34% |
| Searcy, AR (FHA|USDA|VA) | 80 | $14,920,000 | $186,500 | $3,854 | 7.22% |
| PINE BLUFF, AR (FHA|USDA|VA) | 103 | $13,695,000 | $132,961 | $4,337 | 7.37% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 80 | $11,310,000 | $141,375 | $3,348 | 7.98% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 52 | $10,560,000 | $203,077 | $4,040 | 7.45% |
| KNOXVILLE, TN (FHA|USDA|VA) | 35 | $10,545,000 | $301,286 | $7,215 | 7.64% |
| WICHITA, KS (FHA|USDA|VA) | 54 | $10,460,000 | $193,704 | $3,551 | 7.68% |
| Branson, MO (FHA|USDA|VA) | 41 | $9,475,000 | $231,098 | $3,017 | 7.60% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $8,010,000 | $4,005,000 | $12,687 | 8.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 9 | $7,805,000 | $867,222 | $6,612 | 7.18% |
| Paragould, AR (FHA|USDA|VA) | 39 | $6,705,000 | $171,923 | $4,643 | 7.16% |
| Russellville, AR (FHA|USDA|VA) | 50 | $6,210,000 | $124,200 | $2,945 | 7.86% |
| Athens, TN (FHA|USDA|VA) | 35 | $6,145,000 | $175,571 | $4,640 | 7.73% |
| Martin, TN (FHA|USDA|VA) | 61 | $6,035,000 | $98,934 | $3,346 | 8.35% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 14 | $5,980,000 | $427,143 | $6,538 | 7.83% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 21 | $5,805,000 | $276,429 | $2,965 | 7.71% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 21 | $5,705,000 | $271,667 | $7,139 | 7.93% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 47 | $5,515,000 | $117,340 | $3,742 | 8.26% |
| Sedalia, MO (FHA|USDA|VA) | 31 | $4,705,000 | $151,774 | $3,235 | 7.23% |
| Dyersburg, TN (FHA|USDA|VA) | 43 | $4,305,000 | $100,116 | $3,630 | 8.02% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 10 | $4,180,000 | $418,000 | $8,033 | 8.37% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 16 | $3,550,000 | $221,875 | $4,234 | 8.64% |
| TULSA, OK (FHA|USDA|VA) | 14 | $3,400,000 | $242,857 | $6,608 | 7.24% |
| Union City, TN (FHA|USDA|VA) | 37 | $3,295,000 | $89,054 | $3,351 | 7.97% |
| Sevierville, TN (FHA|USDA|VA) | 5 | $3,025,000 | $605,000 | $4,937 | 6.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $4,968 | 5.99% |
| El Dorado, AR (FHA|USDA|VA) | 21 | $2,595,000 | $123,571 | $2,602 | 7.82% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 7 | $2,275,000 | $325,000 | $9,810 | 7.66% |
| Mineral Wells, TX (FHA|USDA|VA) | 4 | $1,990,000 | $497,500 | $10,483 | 7.87% |
| West Plains, MO (FHA|USDA|VA) | 27 | $1,985,000 | $73,519 | $2,637 | 8.40% |
| Batesville, AR (FHA|USDA|VA) | 13 | $1,745,000 | $134,231 | $3,288 | 7.02% |
| Ardmore, OK (FHA|USDA|VA) | 9 | $1,605,000 | $178,333 | $5,546 | 8.35% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $6,762 | 6.78% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,445,000 | $1,445,000 | $0 | 8.65% |
| CLEVELAND, TN (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $7,066 | 7.67% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $11,631 | 8.36% |
| Athens, TX (FHA|USDA|VA) | 9 | $1,345,000 | $149,444 | $4,460 | 8.04% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $4,776 | 6.21% |
| Oxford, MS (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $5,249 | 5.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $10,760 | 6.56% |
| Durant, OK (FHA|USDA|VA) | 11 | $1,245,000 | $113,182 | $5,717 | 8.03% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $12,932 | 6.50% |
| Ada, OK (FHA|USDA|VA) | 10 | $1,130,000 | $113,000 | $3,997 | 7.74% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $3,533 | 5.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $4,231 | 7.12% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $4,166 | 6.44% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 8.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $9,439 | 6.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $8,569 | 6.25% |
| JOPLIN, MO (FHA|USDA|VA) | 10 | $770,000 | $77,000 | $2,509 | 8.11% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $3,786 | 5.69% |
| ENID, OK (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $4,517 | 6.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $8,715 | 6.19% |
| TYLER, TX (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,217 | 7.77% |
| Brownsville, TN (FHA|USDA|VA) | 7 | $665,000 | $95,000 | $3,438 | 7.85% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,023 | 6.50% |
| Blytheville, AR (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $6,555 | 6.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,049 | 6.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $8,088 | 8.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,092 | 6.81% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $16,017 | 7.44% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $3,268 | 5.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $3,146 | 5.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,792 | 6.06% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $10,589 | 6.88% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,993 | 5.63% |
| MANHATTAN, KS (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,376 | 7.14% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,148 | 5.94% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,692 | 6.63% |
| WACO, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 8.76% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,447 | 6.50% |
| Paris, TN (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,887 | 6.33% |
| HATTIESBURG, MS (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 8.41% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,563 | 6.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $12,138 | 6.25% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 6 | $440,000 | $73,333 | $3,568 | 8.47% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,833 | 6.88% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,512 | 6.50% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,140 | 7.25% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,699 | 7.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,461 | 5.63% |
| Harrison, AR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,338 | 8.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,118 | 6.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,892 | 6.88% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,249 | 6.25% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,774 | 5.63% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,032 | 6.13% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,884 | 6.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,150 | 6.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,548 | 5.88% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 9.00% |
| Shawnee, OK (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $2,316 | 7.04% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,343 | 6.50% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,628 | 6.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,566 | 6.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,319 | 7.88% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 8.25% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,559 | 8.88% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,387 | 5.63% |
| Malvern, AR (FHA|USDA|VA) | 5 | $275,000 | $55,000 | $2,330 | 7.85% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,454 | 5.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,449 | 6.63% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,463 | 7.50% |
| Starkville, MS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,125 | 7.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,707 | 7.25% |
| Hope, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.65% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,346 | 6.25% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,591 | 6.88% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,460 | 7.00% |
| Watertown, SD (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,429 | 5.75% |
| Corinth, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,611 | 6.25% |
| Ponca City, OK (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,696 | 7.79% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,460 | 5.50% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,389 | 6.75% |
| London, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,334 | 6.50% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,623 | 7.13% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,163 | 6.50% |
| Camden, AR (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 8.50% |
| Tahlequah, OK (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 8.78% |
| Winfield, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,416 | 6.50% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.41% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,469 | 6.50% |
| Rolla, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,612 | 6.88% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.25% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,544 | 5.75% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,765 | 6.63% |
| Greenville, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,367 | 6.88% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.49% |
| Hutchinson, KS (FHA|USDA|VA) | 4 | $140,000 | $35,000 | $1,632 | 8.26% |
| Scottsbluff, NE (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,490 | 7.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.25% |
| Beeville, TX (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $0 | 9.33% |
| Alice, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,129 | 10.29% |
| Moberly, MO (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 8.13% |
| Magnolia, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,668 | 6.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,772 | 8.38% |
| Parsons, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,714 | 7.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.60% |
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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 2023, Simmons Bank's most frequently originated type of loan was Conventional, with 2,095 originations. Their 2nd most popular type was HELOC, with 1,075 originations.
Loan Reason
For 2023, Simmons Bank's most frequently cited loan purpose was Home Purchase, with 2,098 originations. The 2nd most popular reason was Home Improvement, with 611 originations.
Loan Duration/Length
For 2023, Simmons Bank's most frequently cited loan duration was 30 Year, with 1,797 originations. The 2nd most popular length was 5 Year, with 1,148 originations.
Origination Fees/Closing Costs
Simmons Bank's average total fees were $4,853, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 836 originations.
Interest Rates
During 2023, Simmons Bank's average interest rate for loans was 6.74%, while their most frequently originated rate bucket for loans was Over 8%, with 1,472 originations.
Loan Sizing
2023 saw Simmons Bank place emphasis on $100,000 or less loans with 1,163 originations, totaling $60,715,000 in origination value.
Applicant Income
Simmons Bank lent most frequently to those with incomes in the $50k-75k range, with 720 originations. The second most popular income band? $100k-150k, with 591 originations.
Applicant Debt to Income Ratio
Simmons Bank lent most frequently to those with DTI ratios of 20-30%, with 578 originations. The next most common DTI ratio? 30-36%, with 541 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.33%
Simmons Bank has a below average approval rate.
Pick Rate
Approvals leading to origination72.92%
Simmons Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,564 | $785,660,000 | $220,443 |