Abbeville Building & Loan (A State-Chartered Savings Bank) Mortgage Lending & HMDA Data, 2018
In 2018, Abbeville Building & Loan (A State-Chartered Savings Bank) of Abbeville, LA reported 320 mortgage applications totaling $56.6 million, down 16% from 2017. The average application was for $177,000, and applicants reported an average income of $102,661. 83% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Lafayette, LA (283), Lake Charles, LA (2) and New Orleans-Metairie, LA (2) (applications in parentheses).
| Mortgage Company & Address | Abbeville Building & Loan (A State-Chartered Savings Bank) 1212 Charity Street Abbeville, LA 70510 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 320 |
| Total Mortgage Loan Application Amount | $56,640,000 |
| Average Mortgage Loan Application Amount | $177,000 |
| Highest Mortgage Loan Application Amount | $455,000 |
| Average Applicant Income | $102,661 |
| Highest Applicant Income | $664,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Abbeville Building & Loan (A State-Chartered Savings Bank) filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Vermilion, Louisiana | 129 | $ 20,005,000 | $ 155,077 | $ 95,000 |
| Lafayette, Louisiana | 60 | $ 12,040,000 | $ 200,666 | $ 120,000 |
| Acadia, Louisiana | 50 | $ 8,930,000 | $ 178,600 | $ 109,000 |
| St. Martin, Louisiana | 23 | $ 4,505,000 | $ 195,869 | $ 86,000 |
| Iberia, Louisiana | 21 | $ 3,755,000 | $ 178,809 | $ 83,000 |
| Jefferson Davis, Louisiana | 19 | $ 3,835,000 | $ 201,842 | $ 122,000 |
| St. Landry, Louisiana | 9 | $ 2,045,000 | $ 227,222 | $ 101,000 |
| Cameron, Louisiana | 2 | $ 270,000 | $ 135,000 | $ 51,000 |
| St. Mary, Louisiana | 2 | $ 240,000 | $ 120,000 | $ 77,000 |
| St. Tammany, Louisiana | 2 | $ 630,000 | $ 315,000 | $ 142,000 |
| Allen, Louisiana | 1 | $ 125,000 | $ 125,000 | $ 103,000 |
| Evangeline, Louisiana | 1 | $ 145,000 | $ 145,000 | $ 183,000 |
| West Baton Rouge, Louisiana | 1 | $ 115,000 | $ 115,000 | $ 49,000 |
Mortgage Loan Application Detail Totals for Abbeville Building & Loan (A State-Chartered Savings Bank) in 2018
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 | 197 | $41,375,000 | $210,000 | $455,000 | $113,000 | $664,000 |
| Cash-out Refinancing | 81 | $11,725,000 | $144,000 | $455,000 | $91,000 | $272,000 |
| Refinancing | 21 | $2,705,000 | $128,000 | $295,000 | $60,000 | $127,000 |
| Other Purpose | 13 | $415,000 | $31,000 | $55,000 | $89,000 | $128,000 |
| Home Improvement | 7 | $215,000 | $30,000 | $55,000 | $100,000 | $219,000 |
| Not Applicable | 1 | $205,000 | $205,000 | $205,000 | $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 | 266 | $48,090,000 | $180,000 | $455,000 | $105,000 | $664,000 |
| Not Provided | 27 | $3,785,000 | $140,000 | $425,000 | $84,000 | $168,000 |
| Asian | 13 | $2,225,000 | $171,000 | $345,000 | $74,000 | $150,000 |
| Black or African American | 10 | $1,820,000 | $182,000 | $255,000 | $101,000 | $228,000 |
| Hispanic | 2 | $110,000 | $55,000 | $65,000 | $52,000 | $56,000 |
| Not applicable | 1 | $205,000 | $205,000 | $205,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 320 | $56,640,000 | $177,000 | $455,000 | $102,000 | $664,000 |
| 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 | 267 | $47,395,000 | $177,000 | $455,000 | $104,000 | $664,000 |
| Application Denied By Financial Institution | 30 | $4,470,000 | $149,000 | $455,000 | $90,000 | $613,000 |
| Application Withdrawn By Applicant | 13 | $2,965,000 | $228,000 | $425,000 | $110,000 | $219,000 |
| Application Approved But Not Accepted | 5 | $875,000 | $175,000 | $425,000 | $83,000 | $137,000 |
| File Closed For Incompleteness | 4 | $730,000 | $182,000 | $265,000 | $77,000 | $90,000 |
| Loan Purchased By The Institution | 1 | $205,000 | $205,000 | $205,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 320 | $56,640,000 | $177,000 | $455,000 | $102,000 | $664,000 |
| 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 (A State-Chartered Savings Bank)'s 2018 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 (A State-Chartered Savings Bank)'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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