Issaquena County, MS Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 18 mortgage applications in Issaquena County, MS totaling $1.1 million, up 260% from 2010. The average application was for $62,000, and applicants reported an average income of $59,000. 78% of applications resulted in an originated loan and 6% were denied. The most active lender was Guaranty Bank & Trust Company, with 5 applications, followed by Mutual Federal Credit Unon and Regions Bank.

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Total Number of Mortgage Applications 18
Total Mortgage Loan Application Amount $1,132,000
Average Mortgage Loan Application Amount $62,000
Highest Mortgage Loan Application Amount $235,000
Average Applicant Income $59,000
Highest Applicant Income $113,000
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Top Mortgage Lenders in Issaquena County, MS (2011)

Ranked by the number of mortgage applications each lender reported in Issaquena County, MS in 2011.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Guaranty Bank & Trust Company
Belzoni, MS
5 $57,000 $11,000 $50,000
2 Mutual Federal Credit Unon
Vicksburg, MS
2 $238,000 $119,000 $55,000
3 Regions Bank
Birmingham, AL
2 $240,000 $120,000 $73,000
4 Cadence Bank
Tupelo, MS
2 $133,000 $66,000 $78,000
5 Ally Bank
Charlotte, NC
1 $87,000 $87,000 $99,000
6 Gmac Mortgage, LLC
Ft. Washington, PA
1 $87,000 $87,000 $0
7 Clayton Bank and Trust
Knoxville, TN
1 $74,000 $74,000 $63,000
8 M&T Bank
Buffalo, NY
1 $70,000 $70,000 $0
9 21st Mortgage
Knoxville, TN
1 $69,000 $69,000 $66,000
10 Trustmark National Bank
Jackson, MS
1 $6,000 $6,000 $101,000

See every lender active in Issaquena County, MS in 2011 »

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

Mortgage Loan Application Detail Totals for Issaquena County, MS 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 11 $892,000 $81,000 $235,000 $60,000 $113,000
Home Purchase 4 $215,000 $53,000 $74,000 $56,000 $66,000
Home Improvement 3 $25,000 $8,000 $14,000 $56,000 $101,000

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 9 $842,000 $93,000 $235,000 $78,000 $113,000
Black or African American 7 $133,000 $19,000 $71,000 $50,000 $69,000
Not applicable 2 $157,000 $78,000 $87,000 $0 $0
Not Provided 0 $0 $0 $0 $0 $0
Hispanic 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 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) 16 $991,000 $61,000 $235,000 $62,000 $113,000
FHA-insured (Federal Housing Administration) 2 $141,000 $70,000 $71,000 $34,000 $69,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

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 14 $895,000 $63,000 $235,000 $66,000 $113,000
Loan Purchased By The Institution 2 $157,000 $78,000 $87,000 $0 $0
Application Approved But Not Accepted 1 $11,000 $11,000 $11,000 $66,000 $66,000
Application Denied By Financial Institution 1 $69,000 $69,000 $69,000 $66,000 $66,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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 1 $69,000 $69,000 $69,000 $66,000 $66,000
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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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