Alexandria, LA Metro Area Mortgage Lenders & HMDA Data, 2004

In 2004, lenders reported 11,113 mortgage applications in Alexandria, LA metro area totaling $878.9 million. The average application was for $79,084, and applicants reported an average income of $51,000. 43% of applications resulted in an originated loan and 24% were denied. The most active lender was Capital One NA, with 996 applications, followed by JPMorgan Chase Bank, NA and Red River Bank.

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Total Number of Mortgage Applications 11,113
Total Mortgage Loan Application Amount $878,870,000
Average Mortgage Loan Application Amount $79,084
Highest Mortgage Loan Application Amount $2,000,000
Average Applicant Income $51,000
Highest Applicant Income $2,187,000
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Top Mortgage Lenders in Alexandria, LA Metro Area (2004)

Ranked by the number of mortgage applications each lender reported in Alexandria, LA metro area in 2004.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Capital One NA
Baton Rouge, LA
996 $63,868,000 $64,000 $51,000
2 JPMorgan Chase Bank, NA
Columbus, OH
792 $38,017,000 $48,000 $51,000
3 Red River Bank
Alexandria, LA
690 $41,993,000 $60,000 $59,000
4 Ameriquest Mortgage Company
Orange, CA
555 $53,340,000 $96,000 $100,000
5 Countrywide Home Loans
Westlake Village, CA
449 $46,458,000 $103,000 $59,000
6 Wells Fargo Bank, NA
Des Moines, IA
312 $26,078,000 $83,000 $44,000
7 Evangeline Bank & Trust Company
Ville Platte, LA
301 $15,709,000 $52,000 $45,000
8 Novastar Home Mortgage, Inc.
Kansas City, MO
292 $25,897,000 $88,000 $32,000
9 Standard Mortgage Corporation
New Orleans, LA
268 $35,187,000 $131,000 $25,000
10 Nationstar Mortgage
Coppell, TX
258 $17,910,000 $69,000 $41,000

See every lender active in Alexandria, LA metro area in 2004 »

The tables below break down 2004 mortgage applications in Alexandria, LA metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Alexandria, LA in 2004

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 6,169 $537,346,000 $87,000 $899,000 $53,000 $2,187,000
Home Purchase 3,887 $306,209,000 $78,000 $2,000,000 $49,000 $2,000,000
Home Improvement 1,057 $35,315,000 $33,000 $450,000 $52,000 $983,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 6,690 $551,564,000 $82,000 $1,050,000 $56,000 $2,187,000
Black or African American 1,606 $109,194,000 $67,000 $480,000 $44,000 $1,302,000
Not Provided 1,482 $120,453,000 $81,000 $639,000 $54,000 $720,000
Not applicable 982 $67,709,000 $68,000 $2,000,000 $19,000 $330,000
Hispanic 194 $16,977,000 $87,000 $880,000 $66,000 $646,000
American Indian or Alaskan Native 78 $4,645,000 $59,000 $198,000 $49,000 $217,000
Asian 68 $6,668,000 $98,000 $389,000 $64,000 $433,000
Native Hawaiian or Other Pacific Islander 13 $1,660,000 $127,000 $570,000 $61,000 $288,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 10,416 $814,912,000 $78,000 $2,000,000 $54,000 $2,187,000
FHA-insured (Federal Housing Administration) 439 $36,835,000 $83,000 $163,000 $30,000 $119,000
VA-guaranteed (Veterans Administration) 220 $24,043,000 $109,000 $252,000 $37,000 $230,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 38 $3,080,000 $81,000 $160,000 $33,000 $75,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 4,821 $390,203,000 $80,000 $2,000,000 $57,000 $2,187,000
Application Denied By Financial Institution 2,669 $174,936,000 $65,000 $880,000 $49,000 $1,800,000
Loan Purchased By The Institution 1,413 $123,563,000 $87,000 $600,000 $31,000 $619,000
Application Withdrawn By Applicant 984 $92,386,000 $93,000 $475,000 $55,000 $1,044,000
Application Approved But Not Accepted 955 $71,693,000 $75,000 $500,000 $53,000 $888,000
File Closed For Incompleteness 271 $26,089,000 $96,000 $604,000 $55,000 $596,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 822 $45,744,000 $55,000 $280,000 $49,000 $1,800,000
Other 372 $30,630,000 $82,000 $620,000 $57,000 $1,302,000
Collateral 261 $17,476,000 $66,000 $340,000 $57,000 $734,000
Debt-To-Income Ratio 194 $13,505,000 $69,000 $310,000 $33,000 $182,000
Credit Application Incomplete 175 $14,106,000 $80,000 $880,000 $55,000 $384,000
Unverifiable Information 53 $4,771,000 $90,000 $280,000 $44,000 $142,000
Employment History 19 $1,201,000 $63,000 $112,000 $33,000 $86,000
Insufficient Cash (Downpayment, Closing Cost) 16 $1,141,000 $71,000 $313,000 $52,000 $129,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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