Alliance Bank & Trust Company Mortgage Lending & HMDA Data, 2007
In 2007, Alliance Bank & Trust Company of Gastonia, NC reported 140 mortgage applications totaling $19.4 million, down 23% from 2006. The average application was for $138,221, and applicants reported an average income of $84,221. 98% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Charlotte-Gastonia-Concord, NC-SC (82), Wilmington, NC (5) and Myrtle Beach-Conway-North Myrtle Beach, SC (2) (applications in parentheses).
| Mortgage Company & Address | Alliance Bank & Trust Company 292 W Main Ave Gastonia, NC 28052 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 140 |
| Total Mortgage Loan Application Amount | $19,351,000 |
| Average Mortgage Loan Application Amount | $138,221 |
| Highest Mortgage Loan Application Amount | $4,120,000 |
| Average Applicant Income | $84,221 |
| Highest Applicant Income | $410,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Alliance Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Gaston, North Carolina | 67 | $ 6,691,000 | $ 99,865 | $ 66,000 |
| Cleveland, North Carolina | 37 | $ 3,535,000 | $ 95,540 | $ 92,000 |
| Mecklenburg, North Carolina | 10 | $ 5,161,000 | $ 516,100 | $ 62,000 |
| Rowan, North Carolina | 5 | $ 350,000 | $ 70,000 | $ 177,000 |
| Cabarrus, North Carolina | 4 | $ 220,000 | $ 55,000 | $ 77,000 |
| New Hanover, North Carolina | 4 | $ 755,000 | $ 188,750 | $ 165,000 |
| Lincoln, North Carolina | 3 | $ 214,000 | $ 71,333 | $ 43,000 |
| Horry, South Carolina | 2 | $ 230,000 | $ 115,000 | $ 52,000 |
| Bay, Florida | 1 | $ 517,000 | $ 517,000 | $ 249,000 |
| Greene, Georgia | 1 | $ 560,000 | $ 560,000 | $ 250,000 |
| Brunswick, North Carolina | 1 | $ 38,000 | $ 38,000 | $ 0 |
| Iredell, North Carolina | 1 | $ 89,000 | $ 89,000 | $ 321,000 |
| Rutherford, North Carolina | 1 | $ 251,000 | $ 251,000 | $ 164,000 |
| Stanly, North Carolina | 1 | $ 182,000 | $ 182,000 | $ 91,000 |
| York, South Carolina | 1 | $ 182,000 | $ 182,000 | $ 272,000 |
| Travis, Texas | 1 | $ 376,000 | $ 376,000 | $ 0 |
Mortgage Loan Application Detail Totals for Alliance Bank & Trust Company in 2007
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 | 86 | $8,707,000 | $101,000 | $560,000 | $80,000 | $410,000 |
| Refinancing | 51 | $10,472,000 | $205,000 | $4,120,000 | $91,000 | $334,000 |
| Home Improvement | 3 | $172,000 | $57,000 | $101,000 | $90,000 | $210,000 |
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 | 95 | $9,892,000 | $104,000 | $688,000 | $124,000 | $410,000 |
| Not applicable | 42 | $9,380,000 | $223,000 | $4,120,000 | $0 | $0 |
| Asian | 2 | $74,000 | $37,000 | $45,000 | $65,000 | $90,000 |
| Black or African American | 1 | $5,000 | $5,000 | $5,000 | $0 | $0 |
| Hispanic | 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 |
| 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) | 140 | $19,351,000 | $138,000 | $4,120,000 | $85,000 | $410,000 |
| 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 | 137 | $19,218,000 | $140,000 | $4,120,000 | $85,000 | $410,000 |
| Application Approved But Not Accepted | 1 | $62,000 | $62,000 | $62,000 | $30,000 | $30,000 |
| Application Denied By Financial Institution | 1 | $5,000 | $5,000 | $5,000 | $0 | $0 |
| Application Withdrawn By Applicant | 1 | $66,000 | $66,000 | $66,000 | $168,000 | $168,000 |
| 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 | 1 | $5,000 | $5,000 | $5,000 | $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 |
| 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 Alliance Bank & Trust Company's 2007 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 Alliance Bank & Trust Company'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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