Burleson County, TX Mortgage Lenders & HMDA Data, 2010

In 2010, lenders reported 541 mortgage applications in Burleson County, TX totaling $53.7 million, down 5% from 2009. The average application was for $99,000, and applicants reported an average income of $67,000. 46% of applications resulted in an originated loan and 24% were denied. The most active lender was Citizens State Bank, with 116 applications, followed by Wells Fargo Bank, NA and 21st Mortgage.

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Total Number of Mortgage Applications 541
Total Mortgage Loan Application Amount $53,683,000
Average Mortgage Loan Application Amount $99,000
Highest Mortgage Loan Application Amount $1,000,000
Average Applicant Income $67,000
Highest Applicant Income $696,000
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Top Mortgage Lenders in Burleson County, TX (2010)

Ranked by the number of mortgage applications each lender reported in Burleson County, TX in 2010.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Citizens State Bank
Somerville, TX
116 $7,557,000 $65,000 $67,000
2 Wells Fargo Bank, NA
Winston-Salem, NC
43 $5,134,000 $119,000 $81,000
3 21st Mortgage
Knoxville, TN
31 $1,355,000 $43,000 $42,000
4 Vanderbilt Mortgage
Maryville, TN
25 $1,360,000 $54,000 $52,000
5 Prosperity Bank
El Campo, TX
23 $1,019,000 $44,000 $60,000
6 JPMorgan Chase Bank, NA
Columbus, OH
18 $2,538,000 $141,000 $72,000
7 Citimortgage, Inc
New York, NY
18 $1,839,000 $102,000 $80,000
8 Bank of America, N.A.
Calabasas, CA
17 $2,049,000 $120,000 $61,000
9 Wells Fargo Funding, Inc
Winston-Salem, NC
16 $2,188,000 $136,000 $72,000
10 US Bank, N.A.
Milwaukee, WI
16 $998,000 $62,000 $53,000

See every lender active in Burleson County, TX in 2010 »

The tables below break down 2010 mortgage applications in Burleson 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 Burleson County, TX 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
Home Purchase 277 $25,069,000 $90,000 $1,000,000 $63,000 $696,000
Refinancing 214 $26,740,000 $124,000 $417,000 $74,000 $434,000
Home Improvement 50 $1,874,000 $37,000 $200,000 $65,000 $290,000

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 364 $38,873,000 $106,000 $1,000,000 $79,000 $696,000
Hispanic 66 $4,296,000 $65,000 $251,000 $51,000 $192,000
Not Provided 41 $4,379,000 $106,000 $252,000 $64,000 $150,000
Black or African American 36 $1,968,000 $54,000 $213,000 $37,000 $97,000
Not applicable 32 $4,031,000 $125,000 $229,000 $6,000 $81,000
American Indian or Alaskan Native 1 $100,000 $100,000 $100,000 $0 $0
Asian 1 $36,000 $36,000 $36,000 $68,000 $68,000
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) 423 $38,909,000 $91,000 $1,000,000 $73,000 $696,000
FHA-insured (Federal Housing Administration) 89 $10,601,000 $119,000 $254,000 $50,000 $150,000
VA-guaranteed (Veterans Administration) 18 $2,867,000 $159,000 $280,000 $37,000 $97,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 11 $1,306,000 $118,000 $164,000 $41,000 $60,000

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 247 $27,068,000 $109,000 $1,000,000 $80,000 $696,000
Application Denied By Financial Institution 132 $8,889,000 $67,000 $255,000 $52,000 $200,000
Loan Purchased By The Institution 66 $8,742,000 $132,000 $237,000 $39,000 $146,000
Application Approved But Not Accepted 49 $4,129,000 $84,000 $275,000 $87,000 $636,000
Application Withdrawn By Applicant 38 $4,016,000 $105,000 $280,000 $66,000 $163,000
File Closed For Incompleteness 9 $839,000 $93,000 $180,000 $54,000 $260,000
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 43 $1,958,000 $45,000 $145,000 $45,000 $132,000
Debt-To-Income Ratio 30 $2,078,000 $69,000 $251,000 $40,000 $192,000
Collateral 21 $1,997,000 $95,000 $255,000 $82,000 $160,000
Other 10 $846,000 $84,000 $152,000 $42,000 $105,000
Unverifiable Information 3 $371,000 $123,000 $252,000 $44,000 $132,000
Credit Application Incomplete 3 $189,000 $63,000 $88,000 $45,000 $48,000
Insufficient Cash (Downpayment, Closing Cost) 1 $90,000 $90,000 $90,000 $32,000 $32,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 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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