Advance Mortgage & Investment Mortgage Lending & HMDA Data, 2010
In 2010, Advance Mortgage & Investment of Spanish Fort, AL reported 287 mortgage applications totaling $47.1 million. The average application was for $164,125, and applicants reported an average income of $46,222. 0% of its applications resulted in an originated loan and 100% were denied. Its largest markets were New Orleans-Metairie-Kenner, LA (54), Birmingham-Hoover, AL (40) and Mobile, AL (29) (applications in parentheses).
| Mortgage Company & Address | Advance Mortgage & Investment 30500 State Hwy 181, Ste 460 Spanish Fort, AL 36527 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 |
| Total Number of Mortgage Applications | 287 |
| Total Mortgage Loan Application Amount | $47,104,000 |
| Average Mortgage Loan Application Amount | $164,125 |
| Highest Mortgage Loan Application Amount | $900,000 |
| Average Applicant Income | $46,222 |
| Highest Applicant Income | $250,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Advance Mortgage & Investment filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Jefferson, Louisiana | 32 | $ 5,004,000 | $ 156,375 | $ 39,000 |
| Mobile, Alabama | 29 | $ 4,323,000 | $ 149,068 | $ 35,000 |
| Jefferson, Alabama | 26 | $ 3,590,000 | $ 138,076 | $ 34,000 |
| Baldwin, Alabama | 19 | $ 3,568,000 | $ 187,789 | $ 55,000 |
| East Baton Rouge, Louisiana | 15 | $ 2,329,000 | $ 155,266 | $ 34,000 |
| Shelby, Alabama | 11 | $ 2,719,000 | $ 247,181 | $ 87,000 |
| St. Tammany, Louisiana | 11 | $ 2,251,000 | $ 204,636 | $ 62,000 |
| Orleans, Louisiana | 10 | $ 2,018,000 | $ 201,800 | $ 46,000 |
| DeSoto, Mississippi | 10 | $ 1,933,000 | $ 193,300 | $ 68,000 |
| Madison, Alabama | 7 | $ 1,117,000 | $ 159,571 | $ 46,000 |
| Madison, Mississippi | 7 | $ 1,481,000 | $ 211,571 | $ 77,000 |
| Lafayette, Louisiana | 6 | $ 884,000 | $ 147,333 | $ 53,000 |
| Montgomery, Alabama | 5 | $ 501,000 | $ 100,200 | $ 25,000 |
| Terrebonne, Louisiana | 5 | $ 686,000 | $ 137,200 | $ 48,000 |
| Elmore, Alabama | 4 | $ 695,000 | $ 173,750 | $ 41,000 |
| Harrison, Mississippi | 4 | $ 512,000 | $ 128,000 | $ 15,000 |
| Jackson, Mississippi | 4 | $ 579,000 | $ 144,750 | $ 53,000 |
| Lee, Mississippi | 4 | $ 693,000 | $ 173,250 | $ 61,000 |
| St. Clair, Alabama | 3 | $ 353,000 | $ 117,666 | $ 40,000 |
| Tuscaloosa, Alabama | 3 | $ 540,000 | $ 180,000 | $ 49,000 |
| Calcasieu, Louisiana | 3 | $ 761,000 | $ 253,666 | $ 124,000 |
| Livingston, Louisiana | 3 | $ 361,000 | $ 120,333 | $ 19,000 |
| Tangipahoa, Louisiana | 3 | $ 469,000 | $ 156,333 | $ 35,000 |
| Rankin, Mississippi | 3 | $ 774,000 | $ 258,000 | $ 50,000 |
| Autauga, Alabama | 2 | $ 220,000 | $ 110,000 | $ 53,000 |
| Colbert, Alabama | 2 | $ 269,000 | $ 134,500 | $ 36,000 |
| DeKalb, Alabama | 2 | $ 442,000 | $ 221,000 | $ 47,000 |
| Escambia, Alabama | 2 | $ 268,000 | $ 134,000 | $ 15,000 |
| Houston, Alabama | 2 | $ 225,000 | $ 112,500 | $ 45,000 |
| Ascension, Louisiana | 2 | $ 355,000 | $ 177,500 | $ 67,000 |
| Caddo, Louisiana | 2 | $ 477,000 | $ 238,500 | $ 37,000 |
| St. Landry, Louisiana | 2 | $ 240,000 | $ 120,000 | $ 15,000 |
| Forrest, Mississippi | 2 | $ 280,000 | $ 140,000 | $ 103,000 |
| Hinds, Mississippi | 2 | $ 289,000 | $ 144,500 | $ 67,000 |
| Cullman, Alabama | 1 | $ 132,000 | $ 132,000 | $ 89,000 |
| Etowah, Alabama | 1 | $ 120,000 | $ 120,000 | $ 15,000 |
| Jackson, Alabama | 1 | $ 65,000 | $ 65,000 | $ 15,000 |
| Lauderdale, Alabama | 1 | $ 180,000 | $ 180,000 | $ 15,000 |
| Lee, Alabama | 1 | $ 285,000 | $ 285,000 | $ 15,000 |
| Limestone, Alabama | 1 | $ 75,000 | $ 75,000 | $ 21,000 |
| Marshall, Alabama | 1 | $ 174,000 | $ 174,000 | $ 26,000 |
| Morgan, Alabama | 1 | $ 170,000 | $ 170,000 | $ 15,000 |
| Randolph, Alabama | 1 | $ 55,000 | $ 55,000 | $ 15,000 |
| Tallapoosa, Alabama | 1 | $ 119,000 | $ 119,000 | $ 57,000 |
| Okaloosa, Florida | 1 | $ 157,000 | $ 157,000 | $ 48,000 |
| DeKalb, Georgia | 1 | $ 403,000 | $ 403,000 | $ 15,000 |
| Beauregard, Louisiana | 1 | $ 226,000 | $ 226,000 | $ 15,000 |
| Bossier, Louisiana | 1 | $ 68,000 | $ 68,000 | $ 26,000 |
| De Soto, Louisiana | 1 | $ 120,000 | $ 120,000 | $ 15,000 |
| Iberia, Louisiana | 1 | $ 115,000 | $ 115,000 | $ 80,000 |
| Jackson, Louisiana | 1 | $ 267,000 | $ 267,000 | $ 180,000 |
| La Salle, Louisiana | 1 | $ 110,000 | $ 110,000 | $ 15,000 |
| Morehouse, Louisiana | 1 | $ 100,000 | $ 100,000 | $ 44,000 |
| Ouachita, Louisiana | 1 | $ 164,000 | $ 164,000 | $ 34,000 |
| St. Charles, Louisiana | 1 | $ 130,000 | $ 130,000 | $ 35,000 |
| St. Mary, Louisiana | 1 | $ 141,000 | $ 141,000 | $ 84,000 |
| Union, Louisiana | 1 | $ 120,000 | $ 120,000 | $ 15,000 |
| Vermilion, Louisiana | 1 | $ 135,000 | $ 135,000 | $ 120,000 |
| Adams, Mississippi | 1 | $ 85,000 | $ 85,000 | $ 15,000 |
| Alcorn, Mississippi | 1 | $ 200,000 | $ 200,000 | $ 130,000 |
| George, Mississippi | 1 | $ 165,000 | $ 165,000 | $ 104,000 |
| Lamar, Mississippi | 1 | $ 120,000 | $ 120,000 | $ 15,000 |
| Lauderdale, Mississippi | 1 | $ 238,000 | $ 238,000 | $ 86,000 |
| Leflore, Mississippi | 1 | $ 120,000 | $ 120,000 | $ 15,000 |
| Lincoln, Mississippi | 1 | $ 151,000 | $ 151,000 | $ 100,000 |
| Marshall, Mississippi | 1 | $ 130,000 | $ 130,000 | $ 29,000 |
| Oktibbeha, Mississippi | 1 | $ 121,000 | $ 121,000 | $ 28,000 |
| Pike, Mississippi | 1 | $ 149,000 | $ 149,000 | $ 58,000 |
| Prentiss, Mississippi | 1 | $ 153,000 | $ 153,000 | $ 24,000 |
| Union, Mississippi | 1 | $ 107,000 | $ 107,000 | $ 15,000 |
| Washington, Mississippi | 1 | $ 131,000 | $ 131,000 | $ 39,000 |
| Hamblen, Tennessee | 1 | $ 110,000 | $ 110,000 | $ 72,000 |
| Hamilton, Tennessee | 1 | $ 142,000 | $ 142,000 | $ 15,000 |
| Roane, Tennessee | 1 | $ 145,000 | $ 145,000 | $ 15,000 |
Mortgage Loan Application Detail Totals for Advance Mortgage & Investment in 2010
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 | 215 | $37,280,000 | $173,000 | $900,000 | $54,000 | $250,000 |
| Home Purchase | 72 | $9,824,000 | $136,000 | $417,000 | $23,000 | $108,000 |
| Home Improvement | 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 | 226 | $36,281,000 | $160,000 | $483,000 | $48,000 | $250,000 |
| Black or African American | 53 | $8,323,000 | $157,000 | $534,000 | $35,000 | $131,000 |
| Asian | 4 | $1,529,000 | $382,000 | $900,000 | $67,000 | $145,000 |
| Hispanic | 3 | $654,000 | $218,000 | $265,000 | $79,000 | $140,000 |
| Not Provided | 1 | $317,000 | $317,000 | $317,000 | $75,000 | $75,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 213 | $35,732,000 | $167,000 | $900,000 | $45,000 | $250,000 |
| FHA-insured (Federal Housing Administration) | 72 | $10,918,000 | $151,000 | $317,000 | $50,000 | $200,000 |
| VA-guaranteed (Veterans Administration) | 2 | $454,000 | $227,000 | $349,000 | $39,000 | $64,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 287 | $47,104,000 | $164,000 | $900,000 | $46,000 | $250,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Originated | 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 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 174 | $28,993,000 | $166,000 | $900,000 | $46,000 | $232,000 |
| Debt-To-Income Ratio | 82 | $13,746,000 | $167,000 | $483,000 | $46,000 | $250,000 |
| Employment History | 31 | $4,365,000 | $140,000 | $267,000 | $52,000 | $180,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Advance Mortgage & Investment's 2010 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 Advance Mortgage & Investment'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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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