Grant Parish, LA Mortgage Lenders & HMDA Data, 2007

In 2007, lenders reported 1,157 mortgage applications in Grant Parish, LA totaling $86.9 million, down 10% from 2006. The average application was for $75,000, and applicants reported an average income of $57,000. 49% of applications resulted in an originated loan and 24% were denied. The most active lender was Capital One NA, with 121 applications, followed by Colfax Bankingcompany and JPMorgan Chase Bank, NA.

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Total Number of Mortgage Applications 1,157
Total Mortgage Loan Application Amount $86,863,000
Average Mortgage Loan Application Amount $75,000
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $57,000
Highest Applicant Income $672,000
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Top Mortgage Lenders in Grant Parish, LA (2007)

Ranked by the number of mortgage applications each lender reported in Grant Parish, LA in 2007.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Capital One NA
Baton Rouge, LA
121 $6,641,000 $54,000 $64,000
2 Colfax Bankingcompany
Colfax, LA
97 $6,302,000 $64,000 $58,000
3 JPMorgan Chase Bank, NA
Columbus, OH
78 $7,841,000 $100,000 $48,000
4 Bom Bank
Natchitoches, LA
64 $1,429,000 $22,000 $42,000
5 21st Mortgage
Knoxville, TN
51 $2,213,000 $43,000 $42,000
6 New South Federal Savings Bank
Birmingham, AL
42 $3,270,000 $77,000 $48,000
7 Evangeline Bank & Trust Company
Ville Platte, LA
41 $1,941,000 $47,000 $71,000
8 Countrywide Home Loans
Westlake Village, CA
35 $3,621,000 $103,000 $62,000
9 Beneficial Company LLC
Mettawa, IL
25 $2,150,000 $86,000 $60,000
10 Red River Bank
Alexandria, LA
25 $1,266,000 $50,000 $65,000

See every lender active in Grant Parish, LA in 2007 »

The tables below break down 2007 mortgage applications in Grant 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 Grant Parish, LA in 2007

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 499 $38,407,000 $76,000 $417,000 $53,000 $672,000
Refinancing 486 $41,465,000 $85,000 $380,000 $62,000 $528,000
Home Improvement 172 $6,991,000 $40,000 $230,000 $56,000 $548,000

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 937 $69,590,000 $74,000 $417,000 $61,000 $672,000
Not Provided 80 $6,735,000 $84,000 $199,000 $52,000 $109,000
Black or African American 71 $3,505,000 $49,000 $154,000 $42,000 $156,000
Not applicable 50 $5,405,000 $108,000 $249,000 $28,000 $385,000
American Indian or Alaskan Native 8 $505,000 $63,000 $100,000 $46,000 $72,000
Hispanic 7 $728,000 $104,000 $215,000 $57,000 $112,000
Asian 3 $291,000 $97,000 $185,000 $83,000 $104,000
Native Hawaiian or Other Pacific Islander 1 $104,000 $104,000 $104,000 $56,000 $56,000

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) 1,058 $76,730,000 $72,000 $417,000 $59,000 $672,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 58 $6,386,000 $110,000 $186,000 $34,000 $79,000
FHA-insured (Federal Housing Administration) 33 $2,837,000 $85,000 $176,000 $44,000 $134,000
VA-guaranteed (Veterans Administration) 8 $910,000 $113,000 $143,000 $50,000 $69,000

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 562 $39,729,000 $70,000 $417,000 $62,000 $672,000
Application Denied By Financial Institution 279 $19,310,000 $69,000 $228,000 $50,000 $192,000
Loan Purchased By The Institution 108 $11,076,000 $102,000 $249,000 $48,000 $385,000
Application Approved But Not Accepted 100 $7,001,000 $70,000 $360,000 $58,000 $206,000
Application Withdrawn By Applicant 76 $6,769,000 $89,000 $240,000 $64,000 $528,000
File Closed For Incompleteness 32 $2,978,000 $93,000 $210,000 $57,000 $203,000
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 75 $4,326,000 $57,000 $180,000 $44,000 $101,000
Debt-To-Income Ratio 27 $2,028,000 $75,000 $197,000 $33,000 $75,000
Collateral 25 $1,738,000 $69,000 $129,000 $67,000 $151,000
Credit Application Incomplete 17 $1,389,000 $81,000 $142,000 $42,000 $72,000
Other 12 $592,000 $49,000 $120,000 $78,000 $192,000
Unverifiable Information 4 $280,000 $70,000 $95,000 $65,000 $102,000
Employment History 2 $41,000 $20,000 $23,000 $59,000 $83,000
Insufficient Cash (Downpayment, Closing Cost) 2 $202,000 $101,000 $130,000 $52,000 $82,000
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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