Avoyelles Parish, LA Mortgage Lenders & HMDA Data, 2015

In 2015, lenders reported 1,297 mortgage applications in Avoyelles Parish, LA totaling $119.2 million, down 5% from 2014. The average application was for $91,000, and applicants reported an average income of $63,000. 55% of applications resulted in an originated loan and 23% were denied. The most active lender was The Cottonport Bank, with 225 applications, followed by The Union Bank and Capital One, National Association.

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Total Number of Mortgage Applications 1,297
Total Mortgage Loan Application Amount $119,176,000
Average Mortgage Loan Application Amount $91,000
Highest Mortgage Loan Application Amount $1,006,000
Average Applicant Income $63,000
Highest Applicant Income $698,000
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Top Mortgage Lenders in Avoyelles Parish, LA (2015)

Ranked by the number of mortgage applications each lender reported in Avoyelles Parish, LA in 2015.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 The Cottonport Bank
Marksville, LA
225 $16,685,000 $74,000 $66,000
2 The Union Bank
Marksville, LA
222 $14,281,000 $64,000 $80,000
3 Capital One, National Association
Plano, TX
86 $5,655,000 $65,000 $60,000
4 Red River Bank
Alexandria, LA
54 $3,848,000 $71,000 $61,000
5 Vanderbilt Mortgage and Finance, Inc
Maryville, TN
50 $3,434,000 $68,000 $36,000
6 Gmfs, LLC
Baton Rouge, LA
45 $6,860,000 $152,000 $86,000
7 21st Mortgage
Knoxville, TN
42 $2,606,000 $62,000 $44,000
8 loanDepot.com LLC
Irvine, CA
38 $4,934,000 $129,000 $59,000
9 Wells Fargo Bank NA
Minneapolis, MN
36 $4,057,000 $112,000 $40,000
10 Bankers Mortgage Center, Inc.
Monroe, LA
29 $3,378,000 $116,000 $53,000

See every lender active in Avoyelles Parish, LA in 2015 »

The tables below break down 2015 mortgage applications in Avoyelles 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 Avoyelles Parish, LA in 2015

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 593 $61,174,000 $103,000 $1,006,000 $66,000 $698,000
Home Purchase 541 $52,253,000 $96,000 $380,000 $61,000 $638,000
Home Improvement 163 $5,749,000 $35,000 $285,000 $63,000 $638,000

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 909 $83,237,000 $91,000 $507,000 $68,000 $698,000
Black or African American 191 $13,396,000 $70,000 $566,000 $63,000 $337,000
Not applicable 92 $11,226,000 $122,000 $1,006,000 $6,000 $106,000
Not Provided 65 $6,140,000 $94,000 $305,000 $69,000 $300,000
Hispanic 19 $2,794,000 $147,000 $272,000 $82,000 $164,000
American Indian or Alaskan Native 17 $2,050,000 $120,000 $275,000 $66,000 $213,000
Native Hawaiian or Other Pacific Islander 3 $290,000 $96,000 $129,000 $46,000 $60,000
Asian 1 $43,000 $43,000 $43,000 $14,000 $14,000

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) 992 $82,267,000 $82,000 $1,006,000 $70,000 $698,000
FHA-insured (Federal Housing Administration) 156 $18,803,000 $120,000 $275,000 $42,000 $213,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 83 $8,469,000 $102,000 $199,000 $30,000 $75,000
VA-guaranteed (Veterans Administration) 66 $9,637,000 $146,000 $305,000 $50,000 $133,000

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 715 $62,277,000 $87,000 $1,006,000 $72,000 $698,000
Application Denied By Financial Institution 295 $26,370,000 $89,000 $295,000 $52,000 $300,000
Application Withdrawn By Applicant 98 $10,905,000 $111,000 $380,000 $75,000 $514,000
Loan Purchased By The Institution 88 $10,599,000 $120,000 $354,000 $28,000 $164,000
File Closed For Incompleteness 68 $5,585,000 $82,000 $274,000 $43,000 $192,000
Application Approved But Not Accepted 33 $3,440,000 $104,000 $298,000 $77,000 $495,000
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 44 $3,205,000 $72,000 $180,000 $61,000 $168,000
Collateral 28 $2,660,000 $95,000 $243,000 $52,000 $132,000
Debt-To-Income Ratio 19 $1,801,000 $94,000 $208,000 $43,000 $85,000
Other 17 $1,313,000 $77,000 $213,000 $65,000 $258,000
Credit Application Incomplete 10 $1,100,000 $110,000 $194,000 $80,000 $167,000
Unverifiable Information 8 $994,000 $124,000 $185,000 $51,000 $149,000
Employment History 3 $311,000 $103,000 $184,000 $67,000 $90,000
Insufficient Cash (Downpayment, Closing Cost) 2 $125,000 $62,000 $80,000 $27,000 $35,000
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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