Simmons Bank closing costs and rates (2024)
In 2024, Simmons Bank originated 1,099 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,420. That ranks #350 nationally by origination volume. For total closing costs among lenders with 500+ originations, Simmons Bank ranks #153. That is $2,321 below the national median of $6,741. Simmons Bank is most active in Arkansas with 454 originations there.
Purchase Originations
1,099
Ranked #350 nationally
Median Total Costs
$4,420
−34.4% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,285
Median Lender Credits
$61
Cost Rank (500+ vol.)
#153
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 765 | 6.875% | $3,894 | $1,285 |
| fha | 256 | 6.250% | $7,852 | $1,542 |
| usda | 46 | 6.375% | $5,133 | $1,285 |
| va | 32 | 6.562% | $4,477 | $1,285 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Arkansas | 454 | 6.625% | $3,888 | #12 |
| Tennessee | 253 | 6.750% | $5,091 | #59 |
| Oklahoma | 130 | 6.750% | $4,620 | #60 |
| Texas | 126 | 7.000% | $6,180 | #245 |
| Missouri | 78 | 6.812% | $3,355 | #114 |
| Kansas | 19 | 7.375% | $3,170 | — |
| Mississippi | 8 | 6.875% | $4,082 | — |
| North Carolina | 7 | 6.625% | $3,988 | — |
| Georgia | 5 | 6.500% | $5,218 | — |
| Alabama | 3 | 6.875% | $3,956 | — |
| Kentucky | 3 | 6.000% | $5,272 | — |
| Colorado | 2 | 6.188% | $3,993 | — |
| Indiana | 2 | 6.938% | $3,928 | — |
| Delaware | 1 | 6.125% | $5,313 | — |
| Florida | 1 | 4.875% | $9,044 | — |
| Illinois | 1 | 6.625% | $2,649 | — |
| Louisiana | 1 | 6.500% | $4,778 | — |
| Massachusetts | 1 | 6.000% | $5,160 | — |
| Michigan | 1 | 7.125% | $3,532 | — |
| Ohio | 1 | 6.500% | $4,345 | — |
| Pennsylvania | 1 | 6.625% | $4,213 | — |
| South Carolina | 1 | 5.625% | $12,641 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,441 | 7.000% | — | 15 | −$1,979 | |
| 2 | $2,555 | 6.500% | — | 16 | −$1,865 | |
| 3 | $3,266 | 6.750% | — | 56 | −$1,154 | |
| 4 | $3,509 | 6.875% | — | 40 | −$911 | |
| 5 | $3,777 | 6.625% | — | 17 | −$643 | |
| 6 | $3,943 | 6.750% | — | 45 | −$477 | |
| 7 | $4,007 | 6.625% | — | 86 | −$413 | |
| 8 | $4,010 | 6.562% | — | 30 | −$410 | |
| 9 | $4,185 | 6.625% | — | 63 | −$235 | |
| 10 | $4,439 | 7.500% | — | 87 | +$19 | |
| 11 | $4,527 | 6.375% | — | 14 | +$107 | |
| 12 | $4,535 | 7.625% | — | 20 | +$115 | |
| 13 | $5,133 | 7.625% | — | 25 | +$713 | |
| 14 | $5,225 | 7.625% | — | 21 | +$805 | |
| 15 | $5,376 | 6.812% | — | 14 | +$956 | |
| 16 | $5,628 | 6.500% | — | 15 | +$1,208 | |
| 17 | $5,764 | 6.875% | — | 45 | +$1,344 | |
| 18 | $6,024 | 6.500% | — | 19 | +$1,604 | |
| 19 | $6,121 | 6.250% | — | 47 | +$1,701 | |
| 20 | $7,396 | 6.375% | — | 25 | +$2,976 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, 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.