Arizona Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Arizona Bank & Trust of Phoenix, AZ reported 75 mortgage applications totaling $30.7 million, down 55% from 2017. The average application was for $408,733, and applicants reported an average income of $315,813. 64% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (67), Flagstaff, AZ (1) and Lake Havasu City-Kingman, AZ (1) (applications in parentheses).
| Mortgage Company & Address | Arizona Bank & Trust 2036 E Camelback Rd Phoenix, AZ 85016 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 75 |
| Total Mortgage Loan Application Amount | $30,655,000 |
| Average Mortgage Loan Application Amount | $408,733 |
| Highest Mortgage Loan Application Amount | $3,225,000 |
| Average Applicant Income | $315,813 |
| Highest Applicant Income | $2,042,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Arizona Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Phoenix-Mesa-Scottsdale, AZ | 67 | $ 25,285,000 | $ 377,388 | $ 329,000 |
| Outside any metro area | 3 | $ 1,675,000 | $ 558,333 | $ 233,333 |
| Flagstaff, AZ | 1 | $ 525,000 | $ 525,000 | $ 320,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 285,000 | $ 285,000 | $ 277,000 |
| Prescott, AZ | 1 | $ 575,000 | $ 575,000 | $ 163,000 |
| San Antonio-New Braunfels, TX | 1 | $ 785,000 | $ 785,000 | $ 416,000 |
| San Diego-Carlsbad, CA | 1 | $ 1,525,000 | $ 1,525,000 | $ 1,115,000 |
Mortgage Loan Application Detail Totals for Arizona Bank & Trust in 2018
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 | 29 | $15,885,000 | $547,000 | $3,225,000 | $327,000 | $1,518,000 |
| Home Improvement | 18 | $2,170,000 | $120,000 | $755,000 | $144,000 | $206,000 |
| Refinancing | 18 | $4,980,000 | $276,000 | $905,000 | $244,000 | $792,000 |
| Cash-out Refinancing | 7 | $6,145,000 | $877,000 | $1,235,000 | $673,000 | $1,554,000 |
| Other Purpose | 3 | $1,475,000 | $491,000 | $1,005,000 | $836,000 | $2,042,000 |
| Not Applicable | 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 | 44 | $21,780,000 | $495,000 | $3,225,000 | $392,000 | $2,042,000 |
| Not applicable | 12 | $3,550,000 | $295,000 | $755,000 | $0 | $0 |
| Not Provided | 8 | $1,680,000 | $210,000 | $465,000 | $151,000 | $343,000 |
| Hispanic | 8 | $3,500,000 | $437,000 | $1,545,000 | $315,000 | $529,000 |
| Black or African American | 3 | $145,000 | $48,000 | $85,000 | $72,000 | $123,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 75 | $30,655,000 | $408,000 | $3,225,000 | $340,000 | $2,042,000 |
| 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 | 48 | $19,560,000 | $407,000 | $1,525,000 | $370,000 | $2,042,000 |
| Application Denied By Financial Institution | 13 | $5,215,000 | $401,000 | $3,225,000 | $240,000 | $1,518,000 |
| Application Withdrawn By Applicant | 9 | $3,745,000 | $416,000 | $1,545,000 | $260,000 | $529,000 |
| Application Approved But Not Accepted | 5 | $2,135,000 | $427,000 | $905,000 | $443,000 | $792,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 62 | $25,440,000 | $410,000 | $1,545,000 | $361,000 | $2,042,000 |
| Debt-To-Income Ratio | 6 | $4,410,000 | $735,000 | $3,225,000 | $321,000 | $1,518,000 |
| Collateral | 2 | $240,000 | $120,000 | $135,000 | $182,000 | $182,000 |
| Credit Application Incomplete | 2 | $100,000 | $50,000 | $65,000 | $123,000 | $154,000 |
| Credit History | 1 | $25,000 | $25,000 | $25,000 | $0 | $0 |
| Other | 1 | $305,000 | $305,000 | $305,000 | $0 | $0 |
| Mortgage Insurance Denied | 1 | $135,000 | $135,000 | $135,000 | $45,000 | $45,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Arizona Bank & Trust's 2018 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 Arizona Bank & Trust'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 Arizona, download the full spreadsheet
with aggregated HMDA statistics today.
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