1st Choice Mortgage/Equity Cor Mortgage Lending & HMDA Data, 2007
In 2007, 1st Choice Mortgage/Equity Cor of Columbia, SC reported 6,669 mortgage applications totaling $847.7 million, down 28% from 2006. The average application was for $127,110, and applicants reported an average income of $48,857. 12% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Columbia, SC (815), Sumter, SC (376) and Florence, SC (293) (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 | 6,669 |
| Total Mortgage Loan Application Amount | $847,701,000 |
| Average Mortgage Loan Application Amount | $127,110 |
| Highest Mortgage Loan Application Amount | $5,423,000 |
| Average Applicant Income | $48,857 |
| Highest Applicant Income | $1,860,000 |
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records 1st Choice Mortgage/Equity Cor filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 4,964 | $592,632,000 | $119,000 | $2,240,000 | $44,000 | $1,860,000 |
| Refinancing | 1,705 | $255,069,000 | $149,000 | $5,423,000 | $63,000 | $1,565,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 3,916 | $547,303,000 | $139,000 | $5,423,000 | $56,000 | $1,860,000 |
| Black or African American | 2,544 | $271,832,000 | $106,000 | $1,840,000 | $37,000 | $1,080,000 |
| Hispanic | 157 | $20,035,000 | $127,000 | $482,000 | $48,000 | $1,325,000 |
| Asian | 36 | $6,415,000 | $178,000 | $392,000 | $63,000 | $360,000 |
| American Indian or Alaskan Native | 10 | $1,528,000 | $152,000 | $233,000 | $83,000 | $255,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $588,000 | $98,000 | $149,000 | $80,000 | $187,000 |
| 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) | 5,579 | $720,555,000 | $129,000 | $5,423,000 | $51,000 | $1,860,000 |
| FHA-insured (Federal Housing Administration) | 881 | $99,756,000 | $113,000 | $295,000 | $35,000 | $233,000 |
| VA-guaranteed (Veterans Administration) | 127 | $17,616,000 | $138,000 | $334,000 | $49,000 | $118,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 82 | $9,774,000 | $119,000 | $252,000 | $40,000 | $86,000 |
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 | 2,406 | $259,409,000 | $107,000 | $2,000,000 | $33,000 | $1,860,000 |
| Application Denied By Financial Institution | 1,338 | $176,203,000 | $131,000 | $3,000,000 | $53,000 | $1,565,000 |
| Application Withdrawn By Applicant | 1,045 | $142,212,000 | $136,000 | $2,240,000 | $54,000 | $1,200,000 |
| Loan Originated | 815 | $110,259,000 | $135,000 | $1,125,000 | $64,000 | $694,000 |
| File Closed For Incompleteness | 799 | $121,202,000 | $151,000 | $5,423,000 | $62,000 | $1,500,000 |
| Preapproval Approved but not Accepted | 156 | $21,098,000 | $135,000 | $960,000 | $53,000 | $420,000 |
| Application Approved But Not Accepted | 110 | $17,318,000 | $157,000 | $595,000 | $73,000 | $456,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 1st Choice Mortgage/Equity Cor's 2007 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