Grant Parish, LA Mortgage Lenders & HMDA Data, 2008

In 2008, lenders reported 1,039 mortgage applications in Grant Parish, LA totaling $84.0 million, down 10% from 2007. The average application was for $80,000, and applicants reported an average income of $61,000. 54% of applications resulted in an originated loan and 23% were denied. The most active lender was Colfax Bankingcompany, with 142 applications, followed by Capital One NA and JPMorgan Chase Bank, NA.

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Total Number of Mortgage Applications 1,039
Total Mortgage Loan Application Amount $83,970,000
Average Mortgage Loan Application Amount $80,000
Highest Mortgage Loan Application Amount $909,000
Average Applicant Income $61,000
Highest Applicant Income $1,466,000
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Top Mortgage Lenders in Grant Parish, LA (2008)

Ranked by the number of mortgage applications each lender reported in Grant Parish, LA in 2008.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Colfax Bankingcompany
Colfax, LA
142 $6,628,000 $46,000 $51,000
2 Capital One NA
Baton Rouge, LA
99 $5,401,000 $54,000 $71,000
3 JPMorgan Chase Bank, NA
Columbus, OH
90 $9,659,000 $107,000 $44,000
4 Bom Bank
Natchitoches, LA
54 $1,630,000 $30,000 $54,000
5 Evangeline Bank & Trust Company
Ville Platte, LA
53 $4,260,000 $80,000 $43,000
6 Sabine State Bank and Trust Company
Many, LA
53 $4,822,000 $90,000 $104,000
7 Countrywide Bank FSB
Westlake Village, CA
37 $4,075,000 $110,000 $68,000
8 21st Mortgage
Knoxville, TN
37 $1,767,000 $47,000 $46,000
9 Red River Bank
Alexandria, LA
33 $3,060,000 $92,000 $60,000
10 New South Federal Savings Bank
Birmingham, AL
30 $2,735,000 $91,000 $61,000

See every lender active in Grant Parish, LA in 2008 »

The tables below break down 2008 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 2008

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 511 $45,140,000 $88,000 $473,000 $65,000 $999,000
Home Purchase 380 $33,435,000 $87,000 $909,000 $55,000 $1,466,000
Home Improvement 148 $5,395,000 $36,000 $370,000 $64,000 $760,000

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 876 $68,917,000 $78,000 $450,000 $64,000 $1,466,000
Not Provided 58 $4,602,000 $79,000 $280,000 $57,000 $192,000
Not applicable 54 $6,910,000 $127,000 $909,000 $16,000 $343,000
Black or African American 41 $2,314,000 $56,000 $203,000 $42,000 $134,000
Hispanic 6 $588,000 $98,000 $225,000 $64,000 $107,000
American Indian or Alaskan Native 2 $431,000 $215,000 $370,000 $460,000 $460,000
Asian 1 $136,000 $136,000 $136,000 $72,000 $72,000
Native Hawaiian or Other Pacific Islander 1 $72,000 $72,000 $72,000 $65,000 $65,000

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) 843 $61,431,000 $72,000 $909,000 $63,000 $999,000
FHA-insured (Federal Housing Administration) 98 $11,219,000 $114,000 $227,000 $72,000 $1,466,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 93 $10,420,000 $112,000 $203,000 $37,000 $79,000
VA-guaranteed (Veterans Administration) 5 $900,000 $180,000 $205,000 $35,000 $93,000

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 565 $42,623,000 $75,000 $909,000 $66,000 $1,466,000
Application Denied By Financial Institution 244 $18,947,000 $77,000 $450,000 $57,000 $999,000
Loan Purchased By The Institution 74 $9,506,000 $128,000 $309,000 $44,000 $170,000
Application Withdrawn By Applicant 71 $6,728,000 $94,000 $370,000 $64,000 $460,000
Application Approved But Not Accepted 63 $4,361,000 $69,000 $329,000 $58,000 $395,000
File Closed For Incompleteness 22 $1,805,000 $82,000 $139,000 $48,000 $85,000
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 69 $3,735,000 $54,000 $156,000 $52,000 $153,000
Debt-To-Income Ratio 28 $2,709,000 $96,000 $450,000 $70,000 $999,000
Collateral 17 $1,701,000 $100,000 $170,000 $71,000 $150,000
Credit Application Incomplete 17 $1,834,000 $107,000 $170,000 $51,000 $164,000
Unverifiable Information 4 $431,000 $107,000 $192,000 $39,000 $59,000
Employment History 4 $239,000 $59,000 $115,000 $60,000 $130,000
Other 3 $382,000 $127,000 $148,000 $83,000 $112,000
Insufficient Cash (Downpayment, Closing Cost) 2 $135,000 $67,000 $92,000 $51,000 $61,000
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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