Assumption Parish, LA Mortgage Lenders & HMDA Data, 2018

In 2018, lenders reported 618 mortgage applications in Assumption Parish, LA totaling $76.2 million, down 11% from 2017. The average application was for $123,000, and applicants reported an average income of $77,000. 45% of applications resulted in an originated loan and 26% were denied. The most active lender was Vanderbilt Mortgage and Finance, Inc, with 84 applications, followed by Caliber Home Loans, Inc. and 21st Mortgage.

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Total Number of Mortgage Applications 618
Total Mortgage Loan Application Amount $76,180,000
Average Mortgage Loan Application Amount $123,000
Highest Mortgage Loan Application Amount $1,125,000
Average Applicant Income $77,000
Highest Applicant Income $1,748,000
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Top Mortgage Lenders in Assumption Parish, LA (2018)

Ranked by the number of mortgage applications each lender reported in Assumption Parish, LA in 2018.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Vanderbilt Mortgage and Finance, Inc
Maryville, TN
84 $5,230,000 $62,000 $44,000
2 Caliber Home Loans, Inc.
Wilmington, DE
62 $12,090,000 $195,000 $86,000
3 21st Mortgage
Knoxville, TN
37 $2,675,000 $72,000 $54,000
4 Iberiabank
Kenner, LA
31 $2,945,000 $95,000 $86,000
5 Hancock Whitney Bank
Gulfport, MS
25 $1,785,000 $71,000 $100,000
6 First American Bank and Trust
Vacherie, LA
19 $3,865,000 $203,000 $220,000
7 Triad Financial Services, Inc.
Jacksonville, FL
17 $1,265,000 $74,000 $42,000
8 Credit Human Federal Credit Un
San Antonio, TX
14 $1,220,000 $87,000 $67,000
9 CMG Mortgage Inc
San Ramon, IL
13 $1,955,000 $150,000 $62,000
10 Gmfs, LLC
Baton Rouge, LA
12 $1,730,000 $144,000 $66,000

See every lender active in Assumption Parish, LA in 2018 »

The tables below break down 2018 mortgage applications in Assumption Parish, LA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Assumption Parish, LA in 2018

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
Home Purchase 347 $41,715,000 $120,000 $1,125,000 $66,000 $443,000
Refinancing 108 $14,590,000 $135,000 $355,000 $91,000 $367,000
Cash-out Refinancing 93 $14,255,000 $153,000 $385,000 $88,000 $521,000
Home Improvement 33 $2,695,000 $81,000 $635,000 $133,000 $1,748,000
Other Purpose 24 $2,020,000 $84,000 $305,000 $75,000 $202,000
Not Applicable 13 $905,000 $69,000 $245,000 $28,000 $28,000

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 374 $51,160,000 $136,000 $1,125,000 $90,000 $1,748,000
Black or African American 134 $11,110,000 $82,000 $375,000 $49,000 $140,000
Not applicable 58 $7,640,000 $131,000 $335,000 $68,000 $121,000
Not Provided 44 $5,220,000 $118,000 $325,000 $61,000 $152,000
American Indian or Alaskan Native 4 $440,000 $110,000 $145,000 $34,000 $76,000
Hispanic 2 $340,000 $170,000 $265,000 $51,000 $72,000
Asian 1 $135,000 $135,000 $135,000 $45,000 $45,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0

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) 436 $51,550,000 $118,000 $1,125,000 $83,000 $1,748,000
FHA-insured (Federal Housing Administration) 116 $15,660,000 $135,000 $295,000 $66,000 $182,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 50 $5,910,000 $118,000 $205,000 $46,000 $86,000
VA-guaranteed (Veterans Administration) 16 $3,060,000 $191,000 $385,000 $94,000 $217,000

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 278 $41,100,000 $147,000 $1,125,000 $91,000 $1,748,000
Application Denied By Financial Institution 161 $12,205,000 $75,000 $335,000 $53,000 $310,000
Loan Purchased By The Institution 63 $8,755,000 $138,000 $335,000 $95,000 $408,000
Application Withdrawn By Applicant 52 $7,270,000 $139,000 $335,000 $98,000 $443,000
File Closed For Incompleteness 38 $3,410,000 $89,000 $205,000 $54,000 $189,000
Application Approved But Not Accepted 26 $3,440,000 $132,000 $335,000 $71,000 $177,000
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
Not applicable 417 $57,685,000 $138,000 $405,000 $81,000 $521,000
Debt-To-Income Ratio 77 $9,645,000 $125,000 $1,125,000 $101,000 $1,748,000
Credit History 76 $5,250,000 $69,000 $205,000 $50,000 $114,000
Unverifiable Information 19 $1,155,000 $60,000 $155,000 $46,000 $103,000
Collateral 12 $990,000 $82,000 $145,000 $59,000 $98,000
Credit Application Incomplete 10 $750,000 $75,000 $135,000 $90,000 $310,000
Other 5 $435,000 $87,000 $235,000 $82,000 $141,000
Employment History 1 $55,000 $55,000 $55,000 $27,000 $27,000
Insufficient Cash (Downpayment, Closing Cost) 1 $215,000 $215,000 $215,000 $128,000 $128,000
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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