Anderson Brothers Bank Mortgage Lending & HMDA Data, 2003

In 2003, Anderson Brothers Bank of Mullins, SC reported 344 mortgage applications totaling $10.6 million. The average application was for $30,732, and applicants reported an average income of $41,845. 76% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Myrtle Beach, SC (59), Florence, SC (30) and Trenton, NJ (1) (applications in parentheses).

Mortgage Company & Address Anderson Brothers Bank
101 N Main Street
Mullins, SC 29574
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 344
Total Mortgage Loan Application Amount $10,572,000
Average Mortgage Loan Application Amount $30,732
Highest Mortgage Loan Application Amount $175,000
Average Applicant Income $41,845
Highest Applicant Income $487,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Anderson Brothers Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Anderson Brothers Bank by County in 2003

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Marion, South Carolina 182 $ 5,356,000 $ 29,428 $ 40,000
Horry, South Carolina 59 $ 1,731,000 $ 29,338 $ 46,000
Florence, South Carolina 30 $ 987,000 $ 32,900 $ 38,000
Georgetown, South Carolina 22 $ 901,000 $ 40,954 $ 55,000
Williamsburg, South Carolina 18 $ 446,000 $ 24,777 $ 33,000
Columbus, North Carolina 16 $ 681,000 $ 42,562 $ 37,000
Dillon, South Carolina 13 $ 363,000 $ 27,923 $ 43,000
Mercer, New Jersey 1 $ 29,000 $ 29,000 $ 48,000
Orangeburg, South Carolina 1 $ 35,000 $ 35,000 $ 27,000

Mortgage Loan Application Detail Totals for Anderson Brothers Bank 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) 178 $5,390,000 $24,666 $163,000 $35,000 $487,000
Refinancing (home purchase or home improvement, one-to-four family) 112 $4,290,000 $43,666 $175,000 $38,333 $130,000
Home Improvement (one-to-four family) 54 $892,000 $23,500 $85,000 $39,500 $107,000
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 237 $7,755,000 $41,000 $163,000 $40,000 $487,000
Black 87 $2,222,000 $29,000 $175,000 $33,250 $120,000
Not applicable 13 $444,000 $34,000 $60,000 $89,000 $132,000
Hispanic 5 $71,000 $13,000 $22,000 $34,000 $48,000
Information not provided by applicant in mail or telephone application 1 $29,000 $29,000 $29,000 $23,000 $23,000
Asian or Pacific Islander 1 $51,000 $51,000 $51,000 $60,000 $60,000
American Indian or Alaskan Native 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) 344 $10,572,000 $30,500 $175,000 $36,500 $487,000
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 262 $8,485,000 $42,000 $175,000 $47,000 $487,000
Application Denied By Financial Institution 73 $1,853,000 $25,750 $82,000 $30,750 $62,000
Application Withdrawn By Applicant 7 $173,000 $24,000 $54,000 $26,000 $36,000
Application Approved But Not Accepted 2 $61,000 $30,500 $58,000 $47,500 $50,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The 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
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 Anderson Brothers Bank'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 Anderson Brothers Bank'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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