Abbeville Building & Loan Mortgage Lending & HMDA Data, 2022
In 2022, Abbeville Building & Loan of Abbeville, LA reported 260 mortgage applications totaling $55.2 million, down 64% from 2021. The average application was for $212,384, and applicants reported an average income of $118,887. 81% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Lafayette, LA (210), Lake Charles, LA (7) and Baton Rouge, LA (1) (applications in parentheses).
| Mortgage Company & Address | Abbeville Building & Loan 1212 Charity St Abbeville, LA 70511 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 |
| Total Number of Mortgage Applications | 260 |
| Total Mortgage Loan Application Amount | $55,220,000 |
| Average Mortgage Loan Application Amount | $212,384 |
| Highest Mortgage Loan Application Amount | $645,000 |
| Average Applicant Income | $118,887 |
| Highest Applicant Income | $470,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Abbeville Building & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lafayette, LA | 210 | $ 42,800,000 | $ 203,809 | $ 118,000 |
| Outside any metro area | 42 | $ 11,090,000 | $ 264,047 | $ 127,000 |
| Lake Charles, LA | 7 | $ 1,095,000 | $ 156,428 | $ 113,000 |
| Baton Rouge, LA | 1 | $ 235,000 | $ 235,000 | $ 71,000 |
Mortgage Loan Application Detail Totals for Abbeville Building & Loan in 2022
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 | 157 | $39,315,000 | $250,000 | $645,000 | $123,000 | $470,000 |
| Cash-out Refinancing | 45 | $7,855,000 | $174,000 | $545,000 | $112,000 | $426,000 |
| Other Purpose | 24 | $1,980,000 | $82,000 | $645,000 | $124,000 | $361,000 |
| Refinancing | 22 | $4,310,000 | $195,000 | $545,000 | $103,000 | $232,000 |
| Home Improvement | 10 | $980,000 | $98,000 | $185,000 | $108,000 | $258,000 |
| Not Applicable | 2 | $780,000 | $390,000 | $415,000 | $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 | 140 | $30,260,000 | $216,000 | $645,000 | $116,000 | $457,000 |
| Not Provided | 100 | $20,690,000 | $206,000 | $525,000 | $131,000 | $470,000 |
| Black or African American | 9 | $1,735,000 | $192,000 | $435,000 | $76,000 | $153,000 |
| Asian | 8 | $1,720,000 | $215,000 | $545,000 | $79,000 | $193,000 |
| Not applicable | 2 | $780,000 | $390,000 | $415,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $35,000 | $35,000 | $35,000 | $26,000 | $26,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 260 | $55,220,000 | $212,000 | $645,000 | $119,000 | $470,000 |
| 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 | 210 | $44,700,000 | $212,000 | $645,000 | $116,000 | $457,000 |
| Application Denied By Financial Institution | 26 | $4,980,000 | $191,000 | $545,000 | $107,000 | $244,000 |
| Application Approved But Not Accepted | 15 | $3,075,000 | $205,000 | $445,000 | $164,000 | $470,000 |
| File Closed For Incompleteness | 7 | $1,685,000 | $240,000 | $425,000 | $153,000 | $284,000 |
| Loan Purchased By The Institution | 2 | $780,000 | $390,000 | $415,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 234 | $50,240,000 | $214,000 | $645,000 | $120,000 | $470,000 |
| Credit History | 13 | $1,305,000 | $100,000 | $345,000 | $100,000 | $207,000 |
| Debt-To-Income Ratio | 5 | $1,405,000 | $281,000 | $545,000 | $68,000 | $134,000 |
| Collateral | 4 | $1,340,000 | $335,000 | $545,000 | $190,000 | $244,000 |
| Other | 3 | $505,000 | $168,000 | $205,000 | $72,000 | $108,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $425,000 | $425,000 | $425,000 | $162,000 | $162,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Abbeville Building & Loan's 2022 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 Abbeville Building & Loan'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 Louisiana, download the full spreadsheet
with aggregated HMDA statistics today.
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