Afb&T Mortgage Lending & HMDA Data, 2004
In 2004, Afb&T of Athens, GA reported 372 mortgage applications totaling $38.7 million, up 5% from 2003. The average application was for $104,005, and applicants reported an average income of $68,142. 93% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Athens-Clarke County, GA (185), Atlanta-Sandy Springs-Marietta, GA (51) and Fort Walton Beach-Crestview-Destin, FL (1) (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 | 372 |
| Total Mortgage Loan Application Amount | $38,690,000 |
| Average Mortgage Loan Application Amount | $104,005 |
| Highest Mortgage Loan Application Amount | $2,438,000 |
| Average Applicant Income | $68,142 |
| Highest Applicant Income | $4,304,000 |
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Disclosure Act (HMDA) records Afb&T filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Athens-Clarke County, GA | 185 | $ 24,419,000 | $ 131,994 | $ 71,000 |
| Atlanta-Sandy Springs-Marietta, GA | 51 | $ 4,183,000 | $ 82,019 | $ 68,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 900,000 | $ 900,000 | $ 329,000 |
| Savannah, GA | 1 | $ 179,000 | $ 179,000 | $ 138,000 |
Mortgage Loan Application Detail Totals for Afb&T in 2004
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 | $20,804,000 | $796,250 | $2,438,000 | $28,750 | $4,304,000 |
| Refinancing | 112 | $15,563,000 | $516,000 | $1,970,000 | $198,000 | $729,000 |
| Home Improvement | 110 | $2,323,000 | $21,000 | $228,000 | $42,000 | $1,095,000 |
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 | 275 | $24,508,000 | $339,333 | $1,970,000 | $150,333 | $4,304,000 |
| Not applicable | 48 | $12,439,000 | $1,079,000 | $2,438,000 | $0 | $0 |
| Black or African American | 32 | $939,000 | $29,000 | $308,000 | $30,000 | $66,000 |
| Hispanic | 8 | $230,000 | $28,000 | $86,000 | $33,000 | $64,000 |
| Not Provided | 5 | $24,000 | $4,000 | $10,000 | $20,000 | $35,000 |
| Asian | 4 | $550,000 | $137,000 | $217,000 | $59,000 | $102,000 |
| 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) | 372 | $38,690,000 | $597,500 | $2,438,000 | $63,500 | $4,304,000 |
| 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 | 346 | $38,320,000 | $599,000 | $2,438,000 | $66,000 | $4,304,000 |
| Application Denied By Financial Institution | 23 | $244,000 | $10,000 | $70,000 | $29,000 | $70,000 |
| Application Withdrawn By Applicant | 2 | $57,000 | $28,000 | $36,000 | $20,000 | $28,000 |
| File Closed For Incompleteness | 1 | $69,000 | $69,000 | $69,000 | $37,000 | $37,000 |
| Application Approved But Not Accepted | 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 | 12 | $73,000 | $6,000 | $20,000 | $28,000 | $70,000 |
| Credit History | 11 | $171,000 | $15,000 | $70,000 | $30,000 | $60,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Afb&T's 2004 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.
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with aggregated HMDA statistics today.
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