Ab&T Mortgage Lending & HMDA Data, 2016
In 2016, Ab&T of Albany, GA reported 39 mortgage applications totaling $7.6 million. The average application was for $196,051, and applicants reported an average income of $160,435. 95% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Albany, GA (32), Atlanta-Sandy Springs-Roswell, GA (2) and Athens-Clarke County, GA (1) (applications in parentheses).
| Mortgage Company & Address | Ab&T 2815 Meredyth Drive Albany, GA 31707 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 |
| Total Number of Mortgage Applications | 39 |
| Total Mortgage Loan Application Amount | $7,646,000 |
| Average Mortgage Loan Application Amount | $196,051 |
| Highest Mortgage Loan Application Amount | $1,364,000 |
| Average Applicant Income | $160,435 |
| Highest Applicant Income | $826,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ab&T filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dougherty, Georgia | 25 | $ 5,019,000 | $ 200,760 | $ 174,000 |
| Lee, Georgia | 5 | $ 1,023,000 | $ 204,600 | $ 107,000 |
| Thomas, Georgia | 2 | $ 758,000 | $ 379,000 | $ 400,000 |
| Okaloosa, Florida | 1 | $ 264,000 | $ 264,000 | $ 268,000 |
| Carroll, Georgia | 1 | $ 123,000 | $ 123,000 | $ 54,000 |
| Clarke, Georgia | 1 | $ 111,000 | $ 111,000 | $ 75,000 |
| Colquitt, Georgia | 1 | $ 5,000 | $ 5,000 | $ 73,000 |
| Forsyth, Georgia | 1 | $ 112,000 | $ 112,000 | $ 63,000 |
| Terrell, Georgia | 1 | $ 122,000 | $ 122,000 | $ 52,000 |
| Worth, Georgia | 1 | $ 109,000 | $ 109,000 | $ 0 |
Mortgage Loan Application Detail Totals for Ab&T in 2016
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 | 26 | $4,556,000 | $175,000 | $340,000 | $122,000 | $612,000 |
| Refinancing | 10 | $3,009,000 | $300,000 | $1,364,000 | $253,000 | $826,000 |
| Home Improvement | 3 | $81,000 | $27,000 | $73,000 | $185,000 | $450,000 |
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 | 24 | $4,662,000 | $194,000 | $385,000 | $231,000 | $826,000 |
| Not applicable | 12 | $2,466,000 | $205,000 | $1,364,000 | $0 | $0 |
| Black or African American | 3 | $518,000 | $172,000 | $259,000 | $244,000 | $441,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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 |
| 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) | 39 | $7,646,000 | $196,000 | $1,364,000 | $160,000 | $826,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 37 | $7,044,000 | $190,000 | $1,364,000 | $162,000 | $826,000 |
| Application Withdrawn By Applicant | 2 | $602,000 | $301,000 | $324,000 | $140,000 | $145,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| 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 Ab&T's 2016 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 Ab&T'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 Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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