Alva State Bank & Trust Co Mortgage Lending & HMDA Data, 2003
In 2003, Alva State Bank & Trust Co of Alva, OK reported 57 mortgage applications totaling $1.6 million. The average application was for $28,614, and applicants reported an average income of $16,210. 88% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Enid, OK (3) and Oklahoma City, OK (2).
| Mortgage Company & Address | Alva State Bank & Trust Co 518 College Alva, OK 73717 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2003 |
| Total Number of Mortgage Applications | 57 |
| Total Mortgage Loan Application Amount | $1,631,000 |
| Average Mortgage Loan Application Amount | $28,614 |
| Highest Mortgage Loan Application Amount | $207,000 |
| Average Applicant Income | $16,210 |
| Highest Applicant Income | $84,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Alva State Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Enid, OK | 3 | $ 35,000 | $ 11,666 | $ 55,000 |
| Oklahoma City, OK | 2 | $ 109,000 | $ 54,500 | $ 0 |
Mortgage Loan Application Detail Totals for Alva State Bank & Trust Co in 2003
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 (one-to-four family) | 26 | $777,000 | $48,000 | $68,000 | $30,500 | $84,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 20 | $778,000 | $43,500 | $207,000 | $2,000 | $79,000 |
| Home Improvement (one-to-four family) | 11 | $76,000 | $6,000 | $19,000 | $17,000 | $74,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 57 | $1,631,000 | $42,500 | $207,000 | $18,500 | $84,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 57 | $1,631,000 | $42,500 | $207,000 | $18,500 | $84,000 |
| 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 | 50 | $1,525,000 | $43,500 | $207,000 | $18,000 | $84,000 |
| Application Denied By Financial Institution | 3 | $20,000 | $6,000 | $15,000 | $31,000 | $83,000 |
| Application Withdrawn By Applicant | 3 | $48,000 | $16,000 | $30,000 | $0 | $0 |
| File Closed For Incompleteness | 1 | $38,000 | $38,000 | $38,000 | $33,000 | $33,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Alva State Bank & Trust Co's 2003 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 Alva State Bank & Trust Co'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 Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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