Afb&T Mortgage Lending & HMDA Data, 2006
In 2006, Afb&T of Athens, GA reported 358 mortgage applications totaling $35.1 million, up 43% from 2005. The average application was for $97,991, and applicants reported an average income of $95,547. 89% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Athens-Clarke County, GA (178), Atlanta-Sandy Springs-Marietta, GA (44) and Augusta-Richmond County, GA-SC (21) (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 | 358 |
| Total Mortgage Loan Application Amount | $35,081,000 |
| Average Mortgage Loan Application Amount | $97,991 |
| Highest Mortgage Loan Application Amount | $1,131,000 |
| Average Applicant Income | $95,547 |
| Highest Applicant Income | $1,078,000 |
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Disclosure Act (HMDA) records Afb&T filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Afb&T in 2006
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 | 159 | $21,502,000 | $135,000 | $993,000 | $135,000 | $1,078,000 |
| Refinancing | 121 | $11,973,000 | $98,000 | $1,131,000 | $75,000 | $512,000 |
| Home Improvement | 78 | $1,606,000 | $20,000 | $105,000 | $47,000 | $236,000 |
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 | $25,027,000 | $88,000 | $625,000 | $113,000 | $1,078,000 |
| Not applicable | 43 | $8,157,000 | $189,000 | $1,131,000 | $0 | $0 |
| Black or African American | 24 | $727,000 | $30,000 | $102,000 | $64,000 | $190,000 |
| Hispanic | 5 | $152,000 | $30,000 | $59,000 | $36,000 | $80,000 |
| Asian | 2 | $1,018,000 | $509,000 | $993,000 | $262,000 | $480,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not 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) | 358 | $35,081,000 | $97,000 | $1,131,000 | $96,000 | $1,078,000 |
| 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 | 320 | $33,015,000 | $103,000 | $1,131,000 | $101,000 | $1,078,000 |
| Application Denied By Financial Institution | 32 | $1,828,000 | $57,000 | $500,000 | $52,000 | $512,000 |
| Application Approved But Not Accepted | 6 | $238,000 | $39,000 | $79,000 | $48,000 | $124,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 20 | $1,231,000 | $61,000 | $500,000 | $61,000 | $512,000 |
| Debt-To-Income Ratio | 12 | $597,000 | $49,000 | $162,000 | $37,000 | $84,000 |
| 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 2006 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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