Abbeville Building & Loan (A State-Chartered Savings Bank) Mortgage Lending & HMDA Data, 2016
In 2016, Abbeville Building & Loan (A State-Chartered Savings Bank) of Abbeville, LA reported 494 mortgage applications totaling $90.2 million, up 3% from 2015. The average application was for $182,631, and applicants reported an average income of $104,927. 75% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Lafayette, LA (451), Lake Charles, LA (2) and New Orleans-Metairie, LA (1) (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 | 494 |
| Total Mortgage Loan Application Amount | $90,220,000 |
| Average Mortgage Loan Application Amount | $182,631 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $104,927 |
| Highest Applicant Income | $837,000 |
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& Loan (A State-Chartered Savings Bank) filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 451 | $ 81,165,000 | $ 179,966 | $ 105,000 |
| Lake Charles, LA | 2 | $ 388,000 | $ 194,000 | $ 84,000 |
| New Orleans-Metairie, LA | 1 | $ 127,000 | $ 127,000 | $ 49,000 |
Mortgage Loan Application Detail Totals for Abbeville Building & Loan (A State-Chartered Savings Bank) 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 |
|---|---|---|---|---|---|---|
| Refinancing | 222 | $35,884,000 | $161,000 | $417,000 | $101,000 | $447,000 |
| Home Purchase | 220 | $47,310,000 | $215,000 | $417,000 | $111,000 | $837,000 |
| Home Improvement | 52 | $7,026,000 | $135,000 | $376,000 | $96,000 | $289,000 |
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 | 453 | $82,564,000 | $182,000 | $417,000 | $105,000 | $747,000 |
| Black or African American | 23 | $4,397,000 | $191,000 | $417,000 | $99,000 | $302,000 |
| Asian | 15 | $3,029,000 | $201,000 | $417,000 | $110,000 | $837,000 |
| Hispanic | 2 | $138,000 | $69,000 | $80,000 | $24,000 | $28,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $92,000 | $92,000 | $92,000 | $84,000 | $84,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 494 | $90,220,000 | $182,000 | $417,000 | $105,000 | $837,000 |
| 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 | 369 | $68,161,000 | $184,000 | $417,000 | $110,000 | $747,000 |
| Application Denied By Financial Institution | 76 | $12,643,000 | $166,000 | $417,000 | $88,000 | $837,000 |
| Application Withdrawn By Applicant | 47 | $9,212,000 | $196,000 | $417,000 | $94,000 | $201,000 |
| Application Approved But Not Accepted | 2 | $204,000 | $102,000 | $126,000 | $48,000 | $50,000 |
| File Closed For Incompleteness | 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 Abbeville Building & Loan (A State-Chartered Savings Bank)'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 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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