Beach Community Mortgage Services, Inc. Mortgage Lending & HMDA Data, 2021
In 2021, Beach Community Mortgage Services, Inc. of Fort Walton Beach, FL reported 476 mortgage applications totaling $158.8 million, down 38% from 2020. The average application was for $333,676, and applicants reported an average income of $140,292. 81% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Crestview-Fort Walton Beach-Destin, FL (294), Pensacola-Ferry Pass-Brent, FL (129) and Tampa-St. Petersburg-Clearwater, FL (20) (applications in parentheses).
| Mortgage Company & Address | Beach Community Mortgage Services, Inc. 11 Ne Racetrack Rd Suite A Fort Walton Beach, FL 32547 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 476 |
| Total Mortgage Loan Application Amount | $158,830,000 |
| Average Mortgage Loan Application Amount | $333,676 |
| Highest Mortgage Loan Application Amount | $2,505,000 |
| Average Applicant Income | $140,292 |
| Highest Applicant Income | $2,571,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Beach Community Mortgage Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Crestview-Fort Walton Beach-Destin, FL | 294 | $ 94,640,000 | $ 321,904 | $ 126,000 |
| Pensacola-Ferry Pass-Brent, FL | 129 | $ 42,745,000 | $ 331,356 | $ 116,000 |
| Tampa-St. Petersburg-Clearwater, FL | 20 | $ 10,040,000 | $ 502,000 | $ 373,000 |
| Panama City, FL | 16 | $ 3,900,000 | $ 243,750 | $ 173,000 |
| Mobile, AL | 2 | $ 430,000 | $ 215,000 | $ 108,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 550,000 | $ 275,000 | $ 103,000 |
| Asheville, NC | 1 | $ 465,000 | $ 465,000 | $ 934,000 |
| Charleston-North Charleston, SC | 1 | $ 335,000 | $ 335,000 | $ 80,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 285,000 | $ 285,000 | $ 82,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 675,000 | $ 675,000 | $ 191,000 |
| Dothan, AL | 1 | $ 275,000 | $ 275,000 | $ 78,000 |
| Greenville, NC | 1 | $ 305,000 | $ 305,000 | $ 90,000 |
| Jacksonville, FL | 1 | $ 355,000 | $ 355,000 | $ 106,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 2,505,000 | $ 2,505,000 | $ 563,000 |
| Montgomery, AL | 1 | $ 285,000 | $ 285,000 | $ 101,000 |
| Outside any metro area | 1 | $ 365,000 | $ 365,000 | $ 159,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 415,000 | $ 415,000 | $ 132,000 |
| Tallahassee, FL | 1 | $ 115,000 | $ 115,000 | $ 31,000 |
| Tuscaloosa, AL | 1 | $ 145,000 | $ 145,000 | $ 0 |
Mortgage Loan Application Detail Totals for Beach Community Mortgage Services, Inc. in 2021
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 | 371 | $125,405,000 | $338,000 | $2,505,000 | $133,000 | $2,571,000 |
| Cash-out Refinancing | 54 | $15,060,000 | $278,000 | $675,000 | $117,000 | $402,000 |
| Refinancing | 51 | $18,365,000 | $360,000 | $1,485,000 | $218,000 | $934,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 348 | $116,750,000 | $335,000 | $2,505,000 | $129,000 | $934,000 |
| Not Provided | 74 | $25,300,000 | $341,000 | $2,145,000 | $192,000 | $2,571,000 |
| Black or African American | 28 | $9,300,000 | $332,000 | $535,000 | $106,000 | $211,000 |
| Hispanic | 20 | $5,680,000 | $284,000 | $545,000 | $93,000 | $214,000 |
| Asian | 6 | $1,800,000 | $300,000 | $475,000 | $104,000 | $229,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 233 | $71,585,000 | $307,000 | $2,505,000 | $165,000 | $2,571,000 |
| VA-guaranteed (Veterans Administration) | 217 | $80,685,000 | $371,000 | $1,725,000 | $111,000 | $354,000 |
| FHA-insured (Federal Housing Administration) | 24 | $6,150,000 | $256,000 | $445,000 | $72,000 | $157,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $410,000 | $205,000 | $215,000 | $59,000 | $62,000 |
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 | 384 | $127,430,000 | $331,000 | $2,505,000 | $130,000 | $934,000 |
| Application Withdrawn By Applicant | 72 | $25,730,000 | $357,000 | $2,145,000 | $179,000 | $2,571,000 |
| Application Denied By Financial Institution | 11 | $3,575,000 | $325,000 | $735,000 | $95,000 | $198,000 |
| Application Approved But Not Accepted | 8 | $1,550,000 | $193,000 | $305,000 | $80,000 | $145,000 |
| File Closed For Incompleteness | 1 | $545,000 | $545,000 | $545,000 | $191,000 | $191,000 |
| 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 | 465 | $155,255,000 | $333,000 | $2,505,000 | $137,000 | $2,571,000 |
| Other | 2 | $440,000 | $220,000 | $305,000 | $68,000 | $69,000 |
| Credit Application Incomplete | 2 | $880,000 | $440,000 | $735,000 | $141,000 | $198,000 |
| Credit History | 2 | $620,000 | $310,000 | $325,000 | $109,000 | $116,000 |
| Debt-To-Income Ratio | 2 | $620,000 | $310,000 | $345,000 | $122,000 | $188,000 |
| Employment History | 1 | $375,000 | $375,000 | $375,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $275,000 | $275,000 | $275,000 | $166,000 | $166,000 |
| Unverifiable Information | 1 | $365,000 | $365,000 | $365,000 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Beach Community Mortgage Services, Inc.'s 2021 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 Beach Community Mortgage Services, Inc.'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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with aggregated HMDA statistics today.
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