Bank of Florida - Southwest Mortgage Lending & HMDA Data, 2008
In 2008, Bank of Florida - Southwest of Naples, FL reported 100 mortgage applications totaling $59.4 million, up 54% from 2007. The average application was for $594,460, and applicants reported an average income of $253,330. 30% of its applications resulted in an originated loan and 32% were denied. Its largest markets were Cape Coral-Fort Myers, FL (42), Naples-Marco Island, FL (34) and Punta Gorda, FL (5) (applications in parentheses).
| Mortgage Company & Address | Bank of Florida - Southwest 1185 Immokalee Rd Naples, FL 34110 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 100 |
| Total Mortgage Loan Application Amount | $59,446,000 |
| Average Mortgage Loan Application Amount | $594,460 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $253,330 |
| Highest Applicant Income | $1,324,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Florida - Southwest filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bank of Florida - Southwest in 2008
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 | 57 | $39,247,000 | $688,000 | $5,000,000 | $283,000 | $1,324,000 |
| Refinancing | 43 | $20,199,000 | $469,000 | $2,590,000 | $214,000 | $1,078,000 |
| Home Improvement | 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 | 49 | $24,579,000 | $501,000 | $2,590,000 | $216,000 | $1,078,000 |
| Not Provided | 41 | $23,128,000 | $564,000 | $2,000,000 | $343,000 | $1,324,000 |
| Not applicable | 5 | $9,657,000 | $1,931,000 | $5,000,000 | $0 | $0 |
| Hispanic | 5 | $2,082,000 | $416,000 | $700,000 | $135,000 | $235,000 |
| 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 |
| Black or African American | 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) | 100 | $59,446,000 | $594,000 | $5,000,000 | $253,000 | $1,324,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 32 | $15,948,000 | $498,000 | $2,160,000 | $211,000 | $1,303,000 |
| Loan Originated | 30 | $24,702,000 | $823,000 | $3,850,000 | $320,000 | $1,324,000 |
| Application Approved But Not Accepted | 16 | $6,087,000 | $380,000 | $1,344,000 | $286,000 | $1,207,000 |
| File Closed For Incompleteness | 14 | $6,117,000 | $436,000 | $1,500,000 | $240,000 | $845,000 |
| Preapproval Approved but not Accepted | 5 | $5,817,000 | $1,163,000 | $5,000,000 | $117,000 | $226,000 |
| Preapproval Denied by Financial Institution | 2 | $550,000 | $275,000 | $350,000 | $172,000 | $180,000 |
| Application Withdrawn By Applicant | 1 | $225,000 | $225,000 | $225,000 | $86,000 | $86,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 16 | $10,970,000 | $685,000 | $2,160,000 | $275,000 | $1,303,000 |
| Collateral | 12 | $3,728,000 | $310,000 | $925,000 | $147,000 | $450,000 |
| Credit History | 3 | $1,002,000 | $334,000 | $700,000 | $207,000 | $332,000 |
| Other | 1 | $92,000 | $92,000 | $92,000 | $40,000 | $40,000 |
| Employment History | 1 | $563,000 | $563,000 | $563,000 | $231,000 | $231,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $143,000 | $143,000 | $143,000 | $55,000 | $55,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Florida - Southwest's 2008 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 Bank of Florida - Southwest'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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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