1st Choice Mortgage/Equity Cor Mortgage Lending & HMDA Data, 2006
In 2006, 1st Choice Mortgage/Equity Cor of Columbia, SC reported 9,277 mortgage applications totaling $1.0 billion, down 16% from 2005. The average application was for $110,009, and applicants reported an average income of $50,416. 14% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Columbia, SC (865), Florence, SC (617) and Greenville, SC (304) (applications in parentheses).
| Mortgage Company & Address | 1st Choice Mortgage/Equity Cor 1021 Briargate Circle Columbia, SC 29210 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 9,277 |
| Total Mortgage Loan Application Amount | $1,020,559,000 |
| Average Mortgage Loan Application Amount | $110,009 |
| Highest Mortgage Loan Application Amount | $1,350,000 |
| Average Applicant Income | $50,416 |
| Highest Applicant Income | $1,488,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 1st Choice Mortgage/Equity Cor filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for 1st Choice Mortgage/Equity Cor in 2006
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 | 7,000 | $742,366,000 | $106,000 | $1,350,000 | $46,000 | $1,488,000 |
| Refinancing | 2,260 | $276,217,000 | $122,000 | $1,220,000 | $64,000 | $1,200,000 |
| Home Improvement | 17 | $1,976,000 | $116,000 | $365,000 | $63,000 | $218,000 |
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 | 5,744 | $667,610,000 | $116,000 | $1,350,000 | $57,000 | $1,488,000 |
| Black or African American | 3,142 | $309,122,000 | $98,000 | $1,200,000 | $38,000 | $964,000 |
| Hispanic | 274 | $29,300,000 | $106,000 | $320,000 | $42,000 | $480,000 |
| Asian | 102 | $12,542,000 | $122,000 | $520,000 | $60,000 | $360,000 |
| American Indian or Alaskan Native | 9 | $994,000 | $110,000 | $300,000 | $63,000 | $240,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $991,000 | $165,000 | $225,000 | $205,000 | $644,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 8,637 | $948,181,000 | $109,000 | $1,350,000 | $51,000 | $1,488,000 |
| FHA-insured (Federal Housing Administration) | 398 | $41,765,000 | $104,000 | $221,000 | $43,000 | $139,000 |
| VA-guaranteed (Veterans Administration) | 145 | $20,846,000 | $143,000 | $325,000 | $53,000 | $231,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 97 | $9,767,000 | $100,000 | $255,000 | $37,000 | $94,000 |
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 |
|---|---|---|---|---|---|---|
| Preapproval Denied by Financial Institution | 2,764 | $274,841,000 | $99,000 | $572,000 | $34,000 | $644,000 |
| Application Denied By Financial Institution | 1,965 | $202,926,000 | $103,000 | $1,220,000 | $48,000 | $848,000 |
| Application Withdrawn By Applicant | 1,437 | $167,465,000 | $116,000 | $784,000 | $59,000 | $1,488,000 |
| Loan Originated | 1,344 | $161,603,000 | $120,000 | $755,000 | $71,000 | $660,000 |
| File Closed For Incompleteness | 1,209 | $143,374,000 | $118,000 | $1,350,000 | $52,000 | $1,200,000 |
| Preapproval Approved but not Accepted | 403 | $48,961,000 | $121,000 | $495,000 | $52,000 | $251,000 |
| Application Approved But Not Accepted | 155 | $21,389,000 | $137,000 | $790,000 | $71,000 | $361,000 |
| Loan Purchased By The 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 | 2,868 | $267,991,000 | $93,000 | $518,000 | $34,000 | $780,000 |
| Debt-To-Income Ratio | 428 | $44,424,000 | $103,000 | $399,000 | $34,000 | $300,000 |
| Credit Application Incomplete | 409 | $54,173,000 | $132,000 | $1,200,000 | $63,000 | $744,000 |
| Collateral | 219 | $21,284,000 | $97,000 | $495,000 | $61,000 | $600,000 |
| Other | 218 | $26,026,000 | $119,000 | $1,220,000 | $63,000 | $848,000 |
| Unverifiable Information | 63 | $8,163,000 | $129,000 | $550,000 | $54,000 | $240,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 55 | $5,447,000 | $99,000 | $250,000 | $46,000 | $174,000 |
| Employment History | 52 | $5,105,000 | $98,000 | $218,000 | $33,000 | $155,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 1st Choice Mortgage/Equity Cor's 2006 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess 1st Choice Mortgage/Equity Cor's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About