Bank @Lantec Fka @Lantec Ffcu
Mortgage Loan Application
Totals and Details
for 2003

Find mortgage statistics in Virginia.
The mortgage statistics provided below are specific to mortgages loaned by Bank @Lantec Fka @Lantec Ffcu, and
charts are available for all areas of Virginia.
Search for mortgage details by county or metropolitan area and explore the total number of mortgage applications and mortgage application details for 2003-2017.

Mortgage Company & Address Bank @Lantec Fka @Lantec Ffcu
501 S. Independence Blvd
Virginia Beach, VA 23452
Tel #: available with data download
Federal Regulator * available with data download
Years 2003  
Total Number of Mortgage Applications 559
Total Mortgage Loan Application Amount $37,473,000
Average Mortgage Loan Application Amount $75,347
Highest Mortgage Loan Application Amount $450,000
Average Applicant Income $53,086
Highest Applicant Income $340,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
As you search for the best mortgages in VA, our lists will give you a good idea what to expect in any situation.
These numbers will tell you what the best mortgage loans are by county, by race, and per income. With this information, you can be prepared to get the best mortgage price when you search out a mortgage lender.

Download the Virginia Lender List

Our numbers detail mortgage loan totals in categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage applicants in Virginia, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Bank @Lantec Fka @Lantec Ffcu 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
Refinancing (home purchase or home improvement, one-to-four family) 288 $24,291,000 $62,200 $450,000 $43,000 $340,000
Home Improvement (one-to-four family) 243 $9,919,000 $32,000 $280,000 $60,000 $221,000
Home Purchase (one-to-four family) 28 $3,263,000 $94,000 $310,000 $42,000 $123,000
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 277 $17,910,000 $39,000 $450,000 $56,333 $340,000
Information not provided by applicant in mail or telephone application 154 $11,334,000 $73,500 $310,000 $42,500 $196,000
Black 86 $5,314,000 $61,000 $279,000 $72,000 $180,000
Asian or Pacific Islander 25 $1,527,000 $50,500 $157,000 $45,500 $128,000
Hispanic 14 $1,133,000 $80,000 $257,000 $59,000 $109,000
Other 3 $255,000 $85,000 $150,000 $46,000 $63,000
Not applicable 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) 559 $37,473,000 $57,200 $450,000 $43,600 $340,000
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 247 $14,993,000 $46,000 $279,000 $64,500 $221,000
Application Denied By Financial Institution 147 $9,851,000 $59,600 $450,000 $40,200 $340,000
Application Withdrawn By Applicant 130 $10,029,000 $48,500 $280,000 $51,500 $174,000
File Closed For Incompleteness 30 $2,109,000 $61,000 $310,000 $84,000 $180,000
Application Approved But Not Accepted 5 $491,000 $98,000 $200,000 $69,000 $90,000
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
Credit History 82 $5,651,000 $57,750 $257,000 $38,500 $196,000
Collateral 32 $2,205,000 $64,000 $450,000 $44,750 $340,000
Debt-To-Income Ratio 29 $1,757,000 $60,000 $200,000 $69,000 $150,000
Credit Application Incomplete 2 $180,000 $90,000 $160,000 $25,000 $50,000
Unverifiable Information 2 $58,000 $29,000 $38,000 $49,000 $49,000
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

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage application data give you everything you need to know as you start your search for the best lenders in VA, and give you an idea of what the best mortgage loans really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in Virginia, and search similar information back through 2003.

Download the Virginia Lender List