Brunswick, GA Metro Area Mortgage Lenders & HMDA Data, 2010

In 2010, lenders reported 5,269 mortgage applications in Brunswick, GA metro area totaling $1.2 billion, down 18% from 2009. The average application was for $225,053, and applicants reported an average income of $110,000. 52% of applications resulted in an originated loan and 16% were denied. The most active lender was Bank of America, N.A., with 589 applications, followed by Wells Fargo Bank, NA and Suntrust Mortgage, Inc.

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Total Number of Mortgage Applications 5,269
Total Mortgage Loan Application Amount $1,185,808,000
Average Mortgage Loan Application Amount $225,053
Highest Mortgage Loan Application Amount $40,405,000
Average Applicant Income $110,000
Highest Applicant Income $9,999,000
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Top Mortgage Lenders in Brunswick, GA Metro Area (2010)

Ranked by the number of mortgage applications each lender reported in Brunswick, GA metro area in 2010.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Bank of America, N.A.
Calabasas, CA
589 $107,065,000 $181,000 $97,000
2 Wells Fargo Bank, NA
Winston-Salem, NC
342 $71,802,000 $209,000 $110,000
3 Suntrust Mortgage, Inc
Richmond, VA
307 $87,163,000 $283,000 $156,000
4 Branch Banking and Trust Co
Wilson, NC
236 $74,598,000 $316,000 $174,000
5 Southeastern Bank
Darien, GA
220 $16,497,000 $74,000 $40,000
6 PHH Mortgage Corporation
West Palm Beach, FL
203 $36,139,000 $178,000 $72,000
7 United Community Bank
Blairsville, GA
190 $49,860,000 $262,000 $139,000
8 JPMorgan Chase Bank, NA
Columbus, OH
174 $51,437,000 $295,000 $122,000
9 Wells Fargo Funding, Inc
Winston-Salem, NC
172 $33,442,000 $194,000 $96,000
10 Marshland Credit Union
Brunswick, GA
169 $17,252,000 $102,000 $58,000

See every lender active in Brunswick, GA metro area in 2010 »

The tables below break down 2010 mortgage applications in Brunswick, GA 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 Brunswick, GA in 2010

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 3,449 $831,665,000 $241,000 $10,374,000 $117,000 $9,999,000
Home Purchase 1,574 $343,284,000 $218,000 $40,405,000 $104,000 $3,987,000
Home Improvement 246 $10,859,000 $44,000 $1,440,000 $60,000 $1,126,000

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 3,827 $822,385,000 $214,000 $9,000,000 $123,000 $6,420,000
Black or African American 469 $54,144,000 $115,000 $3,015,000 $51,000 $810,000
Not Provided 429 $102,059,000 $237,000 $6,204,000 $158,000 $9,999,000
Not applicable 412 $185,879,000 $451,000 $40,405,000 $23,000 $1,645,000
Hispanic 79 $11,152,000 $141,000 $738,000 $75,000 $468,000
Asian 31 $6,892,000 $222,000 $1,912,000 $94,000 $960,000
American Indian or Alaskan Native 11 $1,755,000 $159,000 $312,000 $55,000 $124,000
Native Hawaiian or Other Pacific Islander 11 $1,542,000 $140,000 $491,000 $109,000 $500,000

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) 3,966 $937,856,000 $236,000 $10,374,000 $130,000 $9,999,000
FHA-insured (Federal Housing Administration) 961 $180,342,000 $187,000 $40,405,000 $51,000 $960,000
VA-guaranteed (Veterans Administration) 304 $62,529,000 $205,000 $800,000 $57,000 $221,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 38 $5,081,000 $133,000 $201,000 $45,000 $78,000

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 2,728 $583,719,000 $213,000 $10,374,000 $116,000 $5,162,000
Application Denied By Financial Institution 858 $193,118,000 $225,000 $9,000,000 $111,000 $9,999,000
Loan Purchased By The Institution 803 $159,725,000 $198,000 $2,450,000 $70,000 $5,162,000
Application Withdrawn By Applicant 546 $167,855,000 $307,000 $40,405,000 $122,000 $2,520,000
Application Approved But Not Accepted 184 $34,894,000 $189,000 $2,520,000 $106,000 $2,055,000
File Closed For Incompleteness 150 $46,497,000 $309,000 $3,000,000 $177,000 $6,420,000
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
Collateral 185 $53,398,000 $288,000 $8,000,000 $167,000 $9,999,000
Credit History 157 $17,013,000 $108,000 $850,000 $75,000 $2,400,000
Debt-To-Income Ratio 157 $49,488,000 $315,000 $9,000,000 $94,000 $1,814,000
Other 65 $15,460,000 $237,000 $2,000,000 $134,000 $2,088,000
Credit Application Incomplete 61 $11,027,000 $180,000 $750,000 $95,000 $960,000
Unverifiable Information 23 $4,988,000 $216,000 $1,705,000 $110,000 $740,000
Insufficient Cash (Downpayment, Closing Cost) 14 $7,157,000 $511,000 $2,320,000 $198,000 $1,100,000
Employment History 3 $230,000 $76,000 $100,000 $42,000 $46,000
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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