Purchase Originations
954
Ranked #393 nationally
Median Total Costs
$4,689
−29.8% vs national ($6,680)
↑ $269 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,335
Median Lender Credits
$50
Cost Rank (500+ vol.)
#165
among lenders with 500+ originations
Denial Rate
13.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 630 | 6.750% | $3,993 | $1,335 |
| fha | 241 | 6.125% | $8,104 | $1,735 |
| usda | 55 | 6.250% | $4,921 | $1,335 |
| va | 28 | 6.250% | $3,018 | $1,335 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Arkansas | 369 | 6.375% | $4,302 | #18 |
| Tennessee | 230 | 6.500% | $5,310 | #71 |
| Texas | 117 | 6.750% | $7,080 | #263 |
| Oklahoma | 112 | 6.438% | $5,058 | #64 |
| Missouri | 79 | 6.625% | $3,368 | #112 |
| Kansas | 21 | 6.625% | $3,719 | — |
| Mississippi | 9 | 6.500% | $5,778 | — |
| Georgia | 3 | 6.500% | $3,699 | — |
| Kentucky | 3 | 6.375% | $4,946 | — |
| Alabama | 2 | 6.375% | $6,171 | — |
| Florida | 2 | 6.688% | $13,564 | — |
| Minnesota | 2 | 6.250% | $6,059 | — |
| Colorado | 1 | 6.750% | $2,776 | — |
| Louisiana | 1 | 6.625% | $3,801 | — |
| Michigan | 1 | 6.500% | $3,801 | — |
| Nevada | 1 | 7.250% | $7,856 | — |
| South Carolina | 1 | 6.750% | $5,133 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,542 | 6.750% | — | 12 | −$2,147 | |
| 2 | $3,156 | 6.812% | — | 14 | −$1,533 | |
| 3 | $3,327 | 6.500% | — | 39 | −$1,362 | |
| 4 | $3,703 | 6.875% | — | 16 | −$986 | |
| 5 | $4,069 | 6.375% | — | 19 | −$620 | |
| 6 | $4,098 | 6.375% | — | 43 | −$591 | |
| 7 | $4,401 | 6.375% | — | 23 | −$288 | |
| 8 | $4,465 | 6.500% | — | 35 | −$224 | |
| 9 | $4,541 | 6.500% | — | 12 | −$148 | |
| 10 | $4,710 | 6.375% | — | 63 | +$21 | |
| 11 | $4,835 | 6.312% | — | 26 | +$146 | |
| 12 | $4,975 | 6.250% | — | 12 | +$286 | |
| 13 | $5,010 | 6.875% | — | 69 | +$321 | |
| 14 | $5,206 | 6.375% | — | 18 | +$517 | |
| 15 | $5,370 | 7.062% | — | 14 | +$681 | |
| 16 | $5,643 | 6.250% | — | 22 | +$954 | |
| 17 | $5,763 | 6.375% | — | 51 | +$1,074 | |
| 18 | $5,854 | 6.000% | — | 20 | +$1,165 | |
| 19 | $7,197 | 6.125% | — | 34 | +$2,508 | |
| 20 | $8,265 | 6.375% | — | 39 | +$3,576 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Simmons Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $225,000 | $335,000 | −$110,000 (−32.8%) |
| Median total closing costs | $4,689 | $7,127 | −$2,438 (−34.2%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.