Lafourche Parish, LA Mortgage Lenders & HMDA Data, 2010

In 2010, lenders reported 4,732 mortgage applications in Lafourche Parish, LA totaling $583.3 million, down 13% from 2009. The average application was for $123,000, and applicants reported an average income of $72,000. 54% of applications resulted in an originated loan and 19% were denied. The most active lender was Capital One NA, with 507 applications, followed by South Lafourche Bank and JPMorgan Chase Bank, NA.

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Total Number of Mortgage Applications 4,732
Total Mortgage Loan Application Amount $583,325,000
Average Mortgage Loan Application Amount $123,000
Highest Mortgage Loan Application Amount $1,865,000
Average Applicant Income $72,000
Highest Applicant Income $2,131,000
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Top Mortgage Lenders in Lafourche Parish, LA (2010)

Ranked by the number of mortgage applications each lender reported in Lafourche Parish, LA in 2010.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Capital One NA
Baton Rouge, LA
507 $35,804,000 $70,000 $79,000
2 South Lafourche Bank
Larose, LA
468 $41,013,000 $87,000 $73,000
3 JPMorgan Chase Bank, NA
Columbus, OH
431 $59,041,000 $136,000 $69,000
4 Bank of America, N.A.
Calabasas, CA
335 $52,696,000 $157,000 $79,000
5 Wells Fargo Bank, NA
Winston-Salem, NC
233 $31,909,000 $136,000 $73,000
6 United Community Bank
Raceland, LA
172 $14,272,000 $82,000 $56,000
7 Embrace Home Loans, Inc.
Middletown, RI
147 $18,206,000 $123,000 $61,000
8 Wells Fargo Funding, Inc
Winston-Salem, NC
135 $23,110,000 $171,000 $85,000
9 First American Bank and Trust
Vacherie, LA
128 $18,814,000 $146,000 $87,000
10 Whitney National Bank
Jefferson, LA
119 $14,735,000 $123,000 $72,000

See every lender active in Lafourche Parish, LA in 2010 »

The tables below break down 2010 mortgage applications in Lafourche 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 Lafourche Parish, LA 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
Refinancing 2,754 $371,769,000 $134,000 $1,865,000 $77,000 $2,131,000
Home Purchase 1,478 $190,239,000 $128,000 $650,000 $66,000 $500,000
Home Improvement 500 $21,317,000 $42,000 $311,000 $66,000 $1,020,000

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 3,811 $461,179,000 $121,000 $1,456,000 $77,000 $2,131,000
Not Provided 325 $39,948,000 $122,000 $320,000 $69,000 $424,000
Not applicable 241 $46,791,000 $194,000 $1,865,000 $14,000 $459,000
Black or African American 229 $22,720,000 $99,000 $525,000 $50,000 $179,000
Hispanic 56 $5,672,000 $101,000 $268,000 $90,000 $780,000
American Indian or Alaskan Native 47 $3,498,000 $74,000 $215,000 $57,000 $147,000
Asian 21 $3,357,000 $159,000 $379,000 $93,000 $385,000
Native Hawaiian or Other Pacific Islander 2 $160,000 $80,000 $80,000 $25,000 $25,000

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) 3,397 $393,648,000 $115,000 $1,865,000 $77,000 $2,131,000
FHA-insured (Federal Housing Administration) 1,014 $143,164,000 $141,000 $329,000 $63,000 $211,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 252 $34,673,000 $137,000 $289,000 $50,000 $100,000
VA-guaranteed (Veterans Administration) 69 $11,840,000 $171,000 $361,000 $47,000 $203,000

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 2,535 $304,960,000 $120,000 $1,865,000 $77,000 $2,131,000
Application Denied By Financial Institution 893 $89,074,000 $99,000 $696,000 $61,000 $1,020,000
Loan Purchased By The Institution 679 $111,577,000 $164,000 $417,000 $70,000 $2,131,000
Application Withdrawn By Applicant 333 $46,030,000 $138,000 $456,000 $69,000 $240,000
Application Approved But Not Accepted 207 $20,988,000 $101,000 $477,000 $74,000 $600,000
File Closed For Incompleteness 85 $10,696,000 $125,000 $313,000 $75,000 $380,000
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 262 $16,486,000 $62,000 $285,000 $65,000 $1,020,000
Debt-To-Income Ratio 132 $11,855,000 $89,000 $290,000 $41,000 $107,000
Collateral 102 $15,979,000 $156,000 $696,000 $91,000 $584,000
Credit Application Incomplete 77 $10,565,000 $137,000 $464,000 $71,000 $250,000
Other 47 $5,262,000 $111,000 $288,000 $65,000 $198,000
Employment History 12 $1,026,000 $85,000 $221,000 $40,000 $74,000
Insufficient Cash (Downpayment, Closing Cost) 11 $1,221,000 $111,000 $183,000 $59,000 $120,000
Unverifiable Information 8 $1,282,000 $160,000 $350,000 $103,000 $340,000
Mortgage Insurance Denied 2 $236,000 $118,000 $123,000 $56,000 $58,000

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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