Briscoe County, TX Mortgage Lenders & HMDA Data, 2004

In 2004, lenders reported 55 mortgage applications in Briscoe County, TX totaling $2.8 million, about the same as 2003. The average application was for $51,000, and applicants reported an average income of $49,000. 35% of applications resulted in an originated loan and 36% were denied. The most active lender was Wells Fargo Bank, NA, with 6 applications, followed by Wells Fargo Fin'l Texas, Inc and Ameriquest Mortgage Company.

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Total Number of Mortgage Applications 55
Total Mortgage Loan Application Amount $2,816,000
Average Mortgage Loan Application Amount $51,000
Highest Mortgage Loan Application Amount $129,000
Average Applicant Income $49,000
Highest Applicant Income $309,000
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Top Mortgage Lenders in Briscoe County, TX (2004)

Ranked by the number of mortgage applications each lender reported in Briscoe County, TX in 2004.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank, NA
Des Moines, IA
6 $311,000 $51,000 $43,000
2 Wells Fargo Fin'l Texas, Inc
Des Moines, IA
6 $179,000 $29,000 $48,000
3 Ameriquest Mortgage Company
Orange, CA
4 $247,000 $61,000 $130,000
4 Beneficial
Elmhurst, IL
3 $119,000 $39,000 $58,000
5 Nationstar Mortgage
Coppell, TX
3 $128,000 $42,000 $67,000
6 Washington Mutual Bank
Albion, NY
3 $129,000 $43,000 $0
7 American State Bank
Lubbock, TX
2 $153,000 $76,000 $65,000
8 21st Mortgage
Knoxville, TN
2 $123,000 $61,000 $42,000
9 Aames Funding Corporation
San Diego, CA
2 $89,000 $44,000 $38,000
10 Abn Amro Mtg Group Inc
New York, NY
2 $149,000 $74,000 $19,000

See every lender active in Briscoe County, TX in 2004 »

The tables below break down 2004 mortgage applications in Briscoe County, TX by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Briscoe County, TX 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 36 $2,008,000 $55,000 $129,000 $56,000 $309,000
Home Purchase 12 $571,000 $47,000 $102,000 $36,000 $138,000
Home Improvement 7 $237,000 $33,000 $100,000 $40,000 $85,000

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 32 $1,702,000 $53,000 $129,000 $54,000 $112,000
Hispanic 9 $382,000 $42,000 $102,000 $39,000 $138,000
Not Provided 8 $404,000 $50,000 $86,000 $82,000 $309,000
Not applicable 5 $275,000 $55,000 $68,000 $6,000 $31,000
American Indian or Alaskan Native 1 $53,000 $53,000 $53,000 $0 $0
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
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) 53 $2,755,000 $51,000 $129,000 $51,000 $309,000
FHA-insured (Federal Housing Administration) 2 $61,000 $30,000 $34,000 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

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
Application Denied By Financial Institution 20 $863,000 $43,000 $100,000 $48,000 $138,000
Loan Originated 19 $1,158,000 $60,000 $129,000 $47,000 $107,000
Loan Purchased By The Institution 6 $338,000 $56,000 $68,000 $23,000 $107,000
Application Withdrawn By Applicant 6 $299,000 $49,000 $64,000 $52,000 $73,000
Application Approved But Not Accepted 3 $72,000 $24,000 $28,000 $30,000 $36,000
File Closed For Incompleteness 1 $86,000 $86,000 $86,000 $309,000 $309,000
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 7 $401,000 $57,000 $100,000 $57,000 $112,000
Debt-To-Income Ratio 3 $113,000 $37,000 $95,000 $27,000 $39,000
Other 3 $150,000 $50,000 $95,000 $88,000 $138,000
Collateral 1 $53,000 $53,000 $53,000 $0 $0
Credit Application Incomplete 1 $32,000 $32,000 $32,000 $61,000 $61,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
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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