Afb&T Mortgage Lending & HMDA Data, 2008
In 2008, Afb&T of Athens, GA reported 416 mortgage applications totaling $62.3 million, up 15% from 2007. The average application was for $149,786, and applicants reported an average income of $91,879. 90% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Athens-Clarke County, GA (161), Atlanta-Sandy Springs-Marietta, GA (129) and Augusta-Richmond County, GA-SC (31) (applications in parentheses).
| Mortgage Company & Address | Afb&T Po Box 1747 Athens, GA 30603 |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 416 |
| Total Mortgage Loan Application Amount | $62,311,000 |
| Average Mortgage Loan Application Amount | $149,786 |
| Highest Mortgage Loan Application Amount | $4,140,000 |
| Average Applicant Income | $91,879 |
| Highest Applicant Income | $3,678,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Afb&T filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Walton, Georgia | 100 | $ 8,434,000 | $ 84,340 | $ 69,000 |
| Clarke, Georgia | 97 | $ 22,080,000 | $ 227,628 | $ 70,000 |
| Oconee, Georgia | 43 | $ 9,975,000 | $ 231,976 | $ 148,000 |
| Franklin, Georgia | 33 | $ 2,301,000 | $ 69,727 | $ 83,000 |
| Hart, Georgia | 23 | $ 927,000 | $ 40,304 | $ 82,000 |
| Richmond, Georgia | 15 | $ 2,840,000 | $ 189,333 | $ 207,000 |
| Gwinnett, Georgia | 14 | $ 1,844,000 | $ 131,714 | $ 49,000 |
| Madison, Georgia | 12 | $ 609,000 | $ 50,750 | $ 50,000 |
| Columbia, Georgia | 10 | $ 1,499,000 | $ 149,900 | $ 24,000 |
| Oglethorpe, Georgia | 9 | $ 627,000 | $ 69,666 | $ 82,000 |
| Elbert, Georgia | 8 | $ 660,000 | $ 82,500 | $ 69,000 |
| Jackson, Georgia | 8 | $ 558,000 | $ 69,750 | $ 54,000 |
| DeKalb, Georgia | 4 | $ 627,000 | $ 156,750 | $ 89,000 |
| Aiken, South Carolina | 4 | $ 783,000 | $ 195,750 | $ 25,000 |
| Barrow, Georgia | 3 | $ 129,000 | $ 43,000 | $ 74,000 |
| Stephens, Georgia | 3 | $ 400,000 | $ 133,333 | $ 152,000 |
| Anderson, South Carolina | 3 | $ 1,899,000 | $ 633,000 | $ 0 |
| Banks, Georgia | 2 | $ 42,000 | $ 21,000 | $ 99,000 |
| Forsyth, Georgia | 2 | $ 94,000 | $ 47,000 | $ 95,000 |
| Fulton, Georgia | 2 | $ 1,797,000 | $ 898,500 | $ 1,870,000 |
| Morgan, Georgia | 2 | $ 269,000 | $ 134,500 | $ 39,000 |
| Newton, Georgia | 2 | $ 302,000 | $ 151,000 | $ 105,000 |
| Putnam, Georgia | 2 | $ 788,000 | $ 394,000 | $ 231,000 |
| Richland, South Carolina | 2 | $ 199,000 | $ 99,500 | $ 30,000 |
| Burke, Georgia | 1 | $ 3,000 | $ 3,000 | $ 72,000 |
| Cherokee, Georgia | 1 | $ 33,000 | $ 33,000 | $ 102,000 |
| Hall, Georgia | 1 | $ 177,000 | $ 177,000 | $ 175,000 |
| Hancock, Georgia | 1 | $ 350,000 | $ 350,000 | $ 62,000 |
| Laurens, Georgia | 1 | $ 46,000 | $ 46,000 | $ 66,000 |
| Rockdale, Georgia | 1 | $ 79,000 | $ 79,000 | $ 43,000 |
| Clark, Nevada | 1 | $ 1,024,000 | $ 1,024,000 | $ 0 |
| Jackson, North Carolina | 1 | $ 275,000 | $ 275,000 | $ 212,000 |
| Abbeville, South Carolina | 1 | $ 65,000 | $ 65,000 | $ 94,000 |
| Beaufort, South Carolina | 1 | $ 300,000 | $ 300,000 | $ 157,000 |
| Edgefield, South Carolina | 1 | $ 146,000 | $ 146,000 | $ 0 |
| McCormick, South Carolina | 1 | $ 60,000 | $ 60,000 | $ 0 |
| Monroe, Tennessee | 1 | $ 70,000 | $ 70,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for Afb&T in 2008
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 | 224 | $37,793,000 | $168,000 | $4,140,000 | $101,000 | $3,678,000 |
| Home Purchase | 133 | $22,706,000 | $170,000 | $1,024,000 | $88,000 | $1,014,000 |
| Home Improvement | 59 | $1,812,000 | $30,000 | $411,000 | $66,000 | $306,000 |
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 | 284 | $35,151,000 | $123,000 | $1,560,000 | $126,000 | $3,678,000 |
| Not applicable | 94 | $24,530,000 | $260,000 | $4,140,000 | $0 | $11,000 |
| Black or African American | 33 | $1,525,000 | $46,000 | $280,000 | $53,000 | $193,000 |
| Asian | 3 | $887,000 | $295,000 | $548,000 | $131,000 | $245,000 |
| Hispanic | 2 | $218,000 | $109,000 | $177,000 | $98,000 | $175,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 416 | $62,311,000 | $149,000 | $4,140,000 | $92,000 | $3,678,000 |
| 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 | 373 | $57,798,000 | $154,000 | $4,140,000 | $94,000 | $3,678,000 |
| Application Denied By Financial Institution | 26 | $1,581,000 | $60,000 | $235,000 | $57,000 | $174,000 |
| Application Approved But Not Accepted | 14 | $1,862,000 | $133,000 | $500,000 | $103,000 | $199,000 |
| Application Withdrawn By Applicant | 3 | $1,070,000 | $356,000 | $1,024,000 | $22,000 | $58,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 14 | $847,000 | $60,000 | $235,000 | $69,000 | $174,000 |
| Debt-To-Income Ratio | 12 | $734,000 | $61,000 | $172,000 | $43,000 | $135,000 |
| 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 |
| 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 Afb&T's 2008 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 Afb&T'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 Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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