Crockett County, TN Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 372 mortgage applications in Crockett County, TN totaling $32.6 million, down 16% from 2010. The average application was for $87,000, and applicants reported an average income of $66,000. 49% of applications resulted in an originated loan and 20% were denied. The most active lender was Wells Fargo Bank NA, with 41 applications, followed by Cadence Bank and First State Bank.

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Total Number of Mortgage Applications 372
Total Mortgage Loan Application Amount $32,621,000
Average Mortgage Loan Application Amount $87,000
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $66,000
Highest Applicant Income $1,560,000
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Top Mortgage Lenders in Crockett County, TN (2011)

Ranked by the number of mortgage applications each lender reported in Crockett County, TN in 2011.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank NA
Minneapolis, MN
41 $4,317,000 $105,000 $118,000
2 Cadence Bank
Tupelo, MS
34 $2,815,000 $82,000 $116,000
3 First State Bank
Union City, TN
30 $2,763,000 $92,000 $50,000
4 JPMorgan Chase Bank, NA
Columbus, OH
28 $2,740,000 $97,000 $42,000
5 Merchants and Farmers Bank
Kosciusko, MS
20 $1,001,000 $50,000 $54,000
6 Regions Bank
Birmingham, AL
16 $1,336,000 $83,000 $46,000
7 Embrace Home Loans, Inc.
Middletown, RI
11 $989,000 $89,000 $46,000
8 The Peoples Bank
Sardis, TN
11 $238,000 $21,000 $34,000
9 Clayton Bank and Trust
Knoxville, TN
9 $381,000 $42,000 $56,000
10 McKenzie Banking Company
McKenzie, TN
9 $570,000 $63,000 $50,000

See every lender active in Crockett County, TN in 2011 »

The tables below break down 2011 mortgage applications in Crockett County, TN by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Crockett County, TN in 2011

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 191 $18,289,000 $95,000 $417,000 $68,000 $1,425,000
Home Purchase 150 $13,089,000 $87,000 $224,000 $59,000 $1,560,000
Home Improvement 31 $1,243,000 $40,000 $235,000 $96,000 $780,000

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 294 $26,595,000 $90,000 $417,000 $71,000 $1,560,000
Not applicable 25 $2,343,000 $93,000 $239,000 $8,000 $95,000
Black or African American 20 $1,122,000 $56,000 $110,000 $40,000 $156,000
Not Provided 18 $1,719,000 $95,000 $188,000 $118,000 $1,425,000
Hispanic 13 $740,000 $56,000 $149,000 $27,000 $54,000
American Indian or Alaskan Native 2 $102,000 $51,000 $77,000 $110,000 $114,000
Asian 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) 236 $19,536,000 $82,000 $417,000 $81,000 $1,560,000
FHA-insured (Federal Housing Administration) 74 $7,508,000 $101,000 $240,000 $44,000 $143,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 55 $4,868,000 $88,000 $143,000 $37,000 $76,000
VA-guaranteed (Veterans Administration) 7 $709,000 $101,000 $192,000 $33,000 $58,000

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 182 $14,245,000 $78,000 $224,000 $67,000 $1,425,000
Application Denied By Financial Institution 75 $6,669,000 $88,000 $417,000 $81,000 $1,560,000
Loan Purchased By The Institution 61 $6,725,000 $110,000 $240,000 $42,000 $231,000
Application Withdrawn By Applicant 36 $3,588,000 $99,000 $320,000 $64,000 $546,000
Application Approved But Not Accepted 13 $906,000 $69,000 $160,000 $108,000 $329,000
File Closed For Incompleteness 5 $488,000 $97,000 $162,000 $38,000 $50,000
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 15 $1,341,000 $89,000 $188,000 $156,000 $1,560,000
Debt-To-Income Ratio 9 $626,000 $69,000 $150,000 $40,000 $143,000
Collateral 6 $490,000 $81,000 $126,000 $44,000 $76,000
Other 5 $368,000 $73,000 $146,000 $58,000 $163,000
Unverifiable Information 3 $680,000 $226,000 $417,000 $398,000 $1,039,000
Credit Application Incomplete 2 $193,000 $96,000 $115,000 $38,000 $76,000
Insufficient Cash (Downpayment, Closing Cost) 1 $72,000 $72,000 $72,000 $21,000 $21,000
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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