Avenue Bank Mortgage Lending & HMDA Data, 2015
In 2015, Avenue Bank of Nashville, TN reported 703 mortgage applications totaling $231.4 million, up 44% from 2014. The average application was for $329,095, and applicants reported an average income of $179,561. 80% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (663), Atlanta-Sandy Springs-Roswell, GA (4) and Greenville-Anderson-Mauldin, SC (2) (applications in parentheses).
| Mortgage Company & Address | Avenue Bank 111 Tenth Avenue South, Ste 400 Nashville, TN 32703 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 703 |
| Total Mortgage Loan Application Amount | $231,354,000 |
| Average Mortgage Loan Application Amount | $329,095 |
| Highest Mortgage Loan Application Amount | $2,700,000 |
| Average Applicant Income | $179,561 |
| Highest Applicant Income | $4,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Avenue Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Avenue Bank in 2015
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 | 483 | $150,416,000 | $311,000 | $2,280,000 | $184,000 | $4,200,000 |
| Refinancing | 215 | $79,310,000 | $368,000 | $2,700,000 | $170,000 | $1,620,000 |
| Home Improvement | 5 | $1,628,000 | $325,000 | $493,000 | $162,000 | $323,000 |
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 | 577 | $191,311,000 | $331,000 | $2,700,000 | $190,000 | $4,200,000 |
| Not Provided | 57 | $17,724,000 | $310,000 | $850,000 | $167,000 | $697,000 |
| Not applicable | 31 | $9,798,000 | $316,000 | $2,000,000 | $0 | $0 |
| Black or African American | 19 | $5,193,000 | $273,000 | $472,000 | $159,000 | $585,000 |
| Asian | 10 | $2,947,000 | $294,000 | $540,000 | $157,000 | $652,000 |
| Hispanic | 8 | $4,016,000 | $502,000 | $1,919,000 | $336,000 | $752,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $365,000 | $365,000 | $365,000 | $99,000 | $99,000 |
| 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) | 651 | $221,320,000 | $339,000 | $2,700,000 | $188,000 | $4,200,000 |
| FHA-insured (Federal Housing Administration) | 42 | $7,827,000 | $186,000 | $346,000 | $73,000 | $361,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,562,000 | $260,000 | $456,000 | $85,000 | $182,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $645,000 | $161,000 | $184,000 | $49,000 | $54,000 |
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 | 561 | $180,445,000 | $321,000 | $2,000,000 | $177,000 | $3,066,000 |
| Application Approved But Not Accepted | 59 | $20,629,000 | $349,000 | $1,968,000 | $181,000 | $996,000 |
| Application Denied By Financial Institution | 35 | $13,951,000 | $398,000 | $2,700,000 | $280,000 | $4,200,000 |
| Application Withdrawn By Applicant | 23 | $11,072,000 | $481,000 | $2,280,000 | $196,000 | $752,000 |
| File Closed For Incompleteness | 13 | $4,021,000 | $309,000 | $859,000 | $159,000 | $360,000 |
| Loan Purchased By The Institution | 11 | $764,000 | $69,000 | $108,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 1 | $472,000 | $472,000 | $472,000 | $135,000 | $135,000 |
| Preapproval 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 Avenue Bank's 2015 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 Avenue 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.
For a list of all lenders in Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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