Abbeville Building & Loan Mortgage Lending & HMDA Data, 2024
In 2024, Abbeville Building & Loan of Abbeville, LA reported 248 mortgage applications totaling $46.3 million, up 28% from 2023. The average application was for $186,854, and applicants reported an average income of $127,883. 79% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Lafayette, LA (188), Lake Charles, LA (19) 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 | 248 |
| Total Mortgage Loan Application Amount | $46,340,000 |
| Average Mortgage Loan Application Amount | $186,854 |
| Highest Mortgage Loan Application Amount | $575,000 |
| Average Applicant Income | $127,883 |
| Highest Applicant Income | $542,000 |
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records Abbeville Building & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 188 | $ 33,360,000 | $ 177,446 | $ 125,000 |
| Outside any metro area | 39 | $ 8,185,000 | $ 209,871 | $ 127,000 |
| Lake Charles, LA | 19 | $ 4,495,000 | $ 236,578 | $ 150,000 |
| Baton Rouge, LA | 1 | $ 255,000 | $ 255,000 | $ 248,000 |
| Houma-Thibodaux, LA | 1 | $ 45,000 | $ 45,000 | $ 101,000 |
Mortgage Loan Application Detail Totals for Abbeville Building & Loan in 2024
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 | 150 | $37,590,000 | $250,000 | $565,000 | $130,000 | $542,000 |
| Other Purpose | 35 | $1,355,000 | $38,000 | $85,000 | $130,000 | $374,000 |
| Cash-out Refinancing | 29 | $5,165,000 | $178,000 | $575,000 | $129,000 | $501,000 |
| Home Improvement | 28 | $1,140,000 | $40,000 | $115,000 | $120,000 | $274,000 |
| Refinancing | 6 | $1,090,000 | $181,000 | $515,000 | $94,000 | $162,000 |
| Not Applicable | 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 | 148 | $28,400,000 | $191,000 | $575,000 | $133,000 | $542,000 |
| Not Provided | 83 | $13,595,000 | $163,000 | $515,000 | $123,000 | $331,000 |
| Asian | 9 | $2,535,000 | $281,000 | $555,000 | $118,000 | $190,000 |
| Black or African American | 7 | $1,705,000 | $243,000 | $385,000 | $119,000 | $176,000 |
| Hispanic | 1 | $105,000 | $105,000 | $105,000 | $29,000 | $29,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 248 | $46,340,000 | $186,000 | $575,000 | $128,000 | $542,000 |
| 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 | 195 | $36,685,000 | $188,000 | $575,000 | $132,000 | $542,000 |
| Application Denied By Financial Institution | 22 | $3,930,000 | $178,000 | $555,000 | $90,000 | $403,000 |
| Application Approved But Not Accepted | 20 | $3,280,000 | $164,000 | $385,000 | $131,000 | $249,000 |
| File Closed For Incompleteness | 11 | $2,445,000 | $222,000 | $375,000 | $124,000 | $280,000 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 248 | $46,340,000 | $186,000 | $575,000 | $128,000 | $542,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Abbeville Building & Loan's 2024 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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