# Simmons Bank

> **Canonical URL:** https://saferate.com/lenders/simmons-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Simmons Bank is a bank, headquartered in Pine Bluff, AR, serving borrowers across 25 states, with 1,331 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 56% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 39% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300DPRWSBUY619V27
- **Headquarters:** Pine Bluff, AR
- **Geographic Reach:** Near-National
- **States Served:** 25
- **State List:** AL, AR, CO, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, NM, OH, OK, PA, SC, TN, TX, VA
- **Markets (MSAs):** 19
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 44/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 61/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.461%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,783
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,331
- **Dollar Volume:** $343 million
- **Applications Received:** 2,061
- **Market Share:** 4.00%

## Typical Borrower Profile

- **Average Loan Amount:** $257,502
- **Average Borrower Income:** $144,747
- **Average Property Value:** $334,932

## Safe Rate Awards 🏆

- 💎 **USDA Diamond Champion** (84%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 70/100 | 963 | +0.512% | $1,741 | Strong 😀 |
| FHA | 75/100 | 260 | +0.342% | $1,992 | Strong 😀 |
| VA | 63/100 | 36 | -0.112% | $1,444 | Strong 😀 |
| Jumbo | 68/100 | 28 | +0.574% | $2,226 | Strong 😀 |
| USDA | 80/100 | 44 | +0.145% | $1,464 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 822 loans, Score: 70/100 (Strong)
- Refinance: 141 loans, Score: 63/100 (Strong)

**FHA:**
- Purchase: 253 loans, Score: 76/100 (Strong)

**VA:**
- Purchase: 32 loans, Score: 63/100 (Strong)

**Jumbo:**
- Purchase: 23 loans, Score: 69/100 (Strong)

**USDA:**
- Purchase: 44 loans, Score: 80/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 74/100 | 1,174 | $306M | +0.458% | Strong 😀 |
| Refinance | 59/100 | 157 | $37M | +0.490% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| AR | 531 | 1.65% | 85/100 |
| TN | 297 | 0.33% | 76/100 |
| TX | 159 | 0.05% | 61/100 |
| OK | 144 | 0.35% | 69/100 |
| MO | 121 | 0.16% | 63/100 |
| KS | 24 | 0.08% | 50/100 |
| MS | 13 | 0.05% | 42/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 436 | 72/100 |
| Little Rock | AR | 174 | 85/100 |
| Memphis, TN |  | 107 | 70/100 |
| Fayetteville | AR | 101 | 70/100 |
| Oklahoma City, OK | OK | 65 | 64/100 |
| Jackson, TN | TN | 58 | 68/100 |
| Fort Worth | TX | 55 | 61/100 |
| Nashville | TN | 51 | 59/100 |
| Dallas | TX | 39 | 52/100 |
| Houston | TX | 34 | 50/100 |
| Columbia, MO | MO | 19 | 51/100 |
| Fort Smith, AR | AR-OK | 19 | 49/100 |
| Springfield, MO | MO | 19 | 49/100 |
| Jonesboro, AR | AR | 18 | 56/100 |
| St. Louis, MO | MO-IL | 17 | 45/100 |

## Where This Lender Ranks

Simmons Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Arkansas for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/arkansas/best-mortgage-lenders/banks/usda-loans)
- 🥈 **#2** in Arkansas for USDA Loans
  - [View Full Rankings](https://saferate.com/arkansas/best-mortgage-lenders/usda-loans)
- 🥈 **#2** in Jackson, TN for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Tennessee for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/tennessee/best-mortgage-lenders/banks/usda-loans)
- 🥉 **#3** in Little Rock for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/little-rock/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Jackson, TN Banks
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders/banks)
- 🥉 **#3** in Jackson, TN for FHA Loans
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders/fha-loans)
- 🏆 **#5** in Arkansas for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/arkansas/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#5** in Tennessee for USDA Loans
  - [View Full Rankings](https://saferate.com/tennessee/best-mortgage-lenders/usda-loans)
- 🏆 **#6** in Memphis, TN for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/memphis-tn/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#6** in Fayetteville for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/fayetteville/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#6** in Jackson, TN
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders)
- 🏆 **#6** in Fort Smith, AR for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/fort-smith-ar/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#7** in Arkansas for FHA Loans
  - [View Full Rankings](https://saferate.com/arkansas/best-mortgage-lenders/fha-loans)
- 🏆 **#7** in Little Rock Banks
  - [View Full Rankings](https://saferate.com/little-rock/best-mortgage-lenders/banks)
- 🏆 **#7** in Little Rock for FHA Loans
  - [View Full Rankings](https://saferate.com/little-rock/best-mortgage-lenders/fha-loans)
- 🏆 **#7** in Oklahoma City, OK for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/oklahoma-city-ok/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#8** in Arkansas Banks
  - [View Full Rankings](https://saferate.com/arkansas/best-mortgage-lenders/banks)
- 🏆 **#8** in Tennessee for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/tennessee/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#8** in Jackson, TN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/jackson-tn/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Simmons Bank offer?

Simmons Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Simmons Bank offer mortgages?

Simmons Bank offers mortgages in 25 states: AL, AR, CO, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, NM, OH, OK, PA, SC, TN, TX, VA.

### How competitive are Simmons Bank's mortgage rates?

Simmons Bank has a pricing score of 44/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.461% above market average.

### What type of lender is Simmons Bank?

Simmons Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Pine Bluff, AR.

### What is Simmons Bank's loan approval success rate?

Simmons Bank has a pull-through score of 61/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/simmons-bank

### How to Cite

> "Simmons Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/simmons-bank

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