Bank of America · Arkansas · 2025

Bank of America in Arkansas: approval rate, denial rate and rates (2025)

Bank of America took 980 mortgage applications in Arkansas in 2025, ranking #30 of 802 lenders active in the state. It originated 39.2% of them and denied 35.9% (47.4% of the applications it decided), against a statewide denial rate of 18.2%.

980Applicationsin AR
47.4%Decision denial ratestate 23.1%
6.25%Median ratestate 6.63%
$105,000Median loanstate $165,000
$122MVolume60 counties

Bank of America in Arkansas vs the state

35.9%Denial rate+17.73 pts vs state
47.4%Decision denial rate+24.25 pts vs state
39.2%Origination rate-17.65 pts vs state
6.25%Median rate-0.38 pts vs state
0.77Rate spread (pts)+0.43 pts vs state
$100kMedian applicant income
384Loans originated
352Denied

Trend in Arkansas

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,19139251.3%6.88%#20
20241,05838842.2%6.99%#27
202598038435.9%6.25%#30

What Bank of America lends in Arkansas

By loan purpose

Home purchase 250 26% · 15.6% denied
Refinance 98 10% · 29.6% denied
Cash-out refinance 21 2% · 9.5% denied
Home improvement 395 40% · 48.4% denied
Other / HELOC 216 22% · 42.1% denied

By loan type

Conventional 963 98% · 36.1% denied
FHA 15 2% · 20.0% denied
VA 2 0% · 50.0% denied

Why it denied Arkansas applicants

Credit history 218 62%
Debt-to-income ratio 81 23%
Collateral 37 11%
Other 8 2%
Unverifiable information 7 2%
Employment history 1 0%

Where in Arkansas

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pulaski County 25210893 36.9%
Benton County 23510864 27.2%
Washington County 1054030 28.6%
Faulkner County 522018 34.6%
Saline County 391913 33.3%
Garland County 33916 48.5%
Jefferson County 33920 60.6%
Craighead County 24413 54.2%
Lonoke County 2247 31.8%
Sebastian County 18105 27.8%

Other large lenders in Arkansas

LenderGradeApplicationsDenial rateMedian rate
Arvest BankC 9,74814.4%7.00%
Rocket MortgageC 5,85420.1%6.63%
ARKANSAS Federal Credit UnionF 4,43923.6%7.50%
Vanderbilt Mortgage and FinanceF 3,49138.4%10.25%
21st MortgageF 3,25046.6%9.69%
Mortgage Research CenterC 2,76718.3%6.25%
Regions BankC 2,64640.0%6.13%
Firsttrust Home LoansB 2,5900.5%6.49%
United Shore Financial ServicesB 2,45613.3%6.12%
Triad Financial ServicesD 2,13354.2%8.68%

Frequently asked questions

Arkansas: 980 applications in 2025, of which 384 were originated and 352 denied.

35.9% of all applications, or 47.4% of the applications it actually decided on. The Arkansas statewide average across all lenders was 18.2%.

The median rate on loans Bank of America originated in Arkansas in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are Bank of America's own HMDA filing for properties located in Arkansas, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology