Beach First National Bank Mortgage Lending & HMDA Data, 2006
In 2006, Beach First National Bank of Myrtle Beach, SC reported 567 mortgage applications totaling $166.1 million, up 415% from 2005. The average application was for $292,948, and applicants reported an average income of $126,714. 91% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Myrtle Beach-Conway-North Myrtle Beach, SC (208), Washington-Arlington-Alexandria, DC-VA-MD-WV (93) and Baltimore-Towson, MD (21) (applications in parentheses).
| Mortgage Company & Address | Beach First National Bank 3751 Grissom Parkway, Suite 100 Myrtle Beach, SC 29577 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 567 |
| Total Mortgage Loan Application Amount | $166,102,000 |
| Average Mortgage Loan Application Amount | $292,948 |
| Highest Mortgage Loan Application Amount | $9,000,000 |
| Average Applicant Income | $126,714 |
| Highest Applicant Income | $5,842,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Beach First National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Horry, South Carolina | 208 | $ 72,216,000 | $ 347,192 | $ 155,000 |
| Georgetown, South Carolina | 36 | $ 12,744,000 | $ 354,000 | $ 123,000 |
| Beaufort, South Carolina | 20 | $ 8,873,000 | $ 443,650 | $ 247,000 |
| Prince George's, Maryland | 16 | $ 3,430,000 | $ 214,375 | $ 92,000 |
| Prince William, Virginia | 16 | $ 3,933,000 | $ 245,812 | $ 71,000 |
| Fairfax, Virginia | 15 | $ 3,869,000 | $ 257,933 | $ 88,000 |
| Loudoun, Virginia | 13 | $ 5,001,000 | $ 384,692 | $ 134,000 |
| Brunswick, North Carolina | 12 | $ 2,321,000 | $ 193,416 | $ 50,000 |
| Anne Arundel, Maryland | 10 | $ 2,671,000 | $ 267,100 | $ 143,000 |
| Stafford, Virginia | 10 | $ 2,176,000 | $ 217,600 | $ 71,000 |
| District of Columbia, District Of Columbia | 8 | $ 1,732,000 | $ 216,500 | $ 91,000 |
| Mecklenburg, North Carolina | 7 | $ 1,130,000 | $ 161,428 | $ 119,000 |
| Fauquier, Virginia | 7 | $ 1,860,000 | $ 265,714 | $ 90,000 |
| Lee, Florida | 6 | $ 1,936,000 | $ 322,666 | $ 281,000 |
| Fulton, Georgia | 6 | $ 1,031,000 | $ 171,833 | $ 116,000 |
| Frederick, Maryland | 6 | $ 2,074,000 | $ 345,666 | $ 125,000 |
| Wake, North Carolina | 6 | $ 2,237,000 | $ 372,833 | $ 131,000 |
| Weld, Colorado | 5 | $ 1,052,000 | $ 210,400 | $ 134,000 |
| Palm Beach, Florida | 5 | $ 1,130,000 | $ 226,000 | $ 98,000 |
| Polk, Florida | 5 | $ 1,304,000 | $ 260,800 | $ 131,000 |
| New Hanover, North Carolina | 5 | $ 785,000 | $ 157,000 | $ 24,000 |
| Gwinnett, Georgia | 4 | $ 874,000 | $ 218,500 | $ 101,000 |
| Howard, Maryland | 4 | $ 824,000 | $ 206,000 | $ 93,000 |
| Guilford, North Carolina | 4 | $ 432,000 | $ 108,000 | $ 34,000 |
| Larimer, Colorado | 3 | $ 435,000 | $ 145,000 | $ 90,000 |
| Sussex, Delaware | 3 | $ 516,000 | $ 172,000 | $ 56,000 |
| Broward, Florida | 3 | $ 1,485,000 | $ 495,000 | $ 220,000 |
| Columbia, Florida | 3 | $ 301,000 | $ 100,333 | $ 85,000 |
| Cobb, Georgia | 3 | $ 721,000 | $ 240,333 | $ 108,000 |
| Montgomery, Maryland | 3 | $ 921,000 | $ 307,000 | $ 71,000 |
| Middlesex, New Jersey | 3 | $ 668,000 | $ 222,666 | $ 121,000 |
| Columbus, North Carolina | 3 | $ 179,000 | $ 59,666 | $ 27,000 |
| Iredell, North Carolina | 3 | $ 366,000 | $ 122,000 | $ 82,000 |
| Franklin, Ohio | 3 | $ 341,000 | $ 113,666 | $ 86,000 |
| Philadelphia, Pennsylvania | 3 | $ 240,000 | $ 80,000 | $ 62,000 |
| York, South Carolina | 3 | $ 4,071,000 | $ 1,357,000 | $ 43,000 |
| Pueblo, Colorado | 2 | $ 256,000 | $ 128,000 | $ 86,000 |
| Alachua, Florida | 2 | $ 383,000 | $ 191,500 | $ 114,000 |
| Walton, Georgia | 2 | $ 269,000 | $ 134,500 | $ 82,000 |
| Baltimore, Maryland | 2 | $ 365,000 | $ 182,500 | $ 102,000 |
| Baltimore City, Maryland | 2 | $ 613,000 | $ 306,500 | $ 61,000 |
| Carroll, Maryland | 2 | $ 590,000 | $ 295,000 | $ 104,000 |
| Charles, Maryland | 2 | $ 258,000 | $ 129,000 | $ 65,000 |
| Worcester, Maryland | 2 | $ 841,000 | $ 420,500 | $ 339,000 |
| Newaygo, Michigan | 2 | $ 345,000 | $ 172,500 | $ 91,000 |
| Lincoln, Mississippi | 2 | $ 176,000 | $ 88,000 | $ 43,000 |
| Passaic, New Jersey | 2 | $ 420,000 | $ 210,000 | $ 96,000 |
| St. Lawrence, New York | 2 | $ 379,000 | $ 189,500 | $ 247,000 |
| Durham, North Carolina | 2 | $ 236,000 | $ 118,000 | $ 48,000 |
| Lincoln, North Carolina | 2 | $ 372,000 | $ 186,000 | $ 15,000 |
| Robeson, North Carolina | 2 | $ 184,000 | $ 92,000 | $ 150,000 |
| Sampson, North Carolina | 2 | $ 111,000 | $ 55,500 | $ 56,000 |
| Wilson, North Carolina | 2 | $ 192,000 | $ 96,000 | $ 53,000 |
| York, Pennsylvania | 2 | $ 760,000 | $ 380,000 | $ 121,000 |
| Windsor, Vermont | 2 | $ 212,000 | $ 106,000 | $ 75,000 |
| Chesterfield, Virginia | 2 | $ 237,000 | $ 118,500 | $ 45,000 |
| Fredericksburg, Virginia | 2 | $ 551,000 | $ 275,500 | $ 139,000 |
| Rockingham, Virginia | 2 | $ 173,000 | $ 86,500 | $ 300,000 |
| Warren, Virginia | 2 | $ 516,000 | $ 258,000 | $ 76,000 |
| Boulder, Colorado | 1 | $ 184,000 | $ 184,000 | $ 121,000 |
| Grand, Colorado | 1 | $ 151,000 | $ 151,000 | $ 48,000 |
| Mesa, Colorado | 1 | $ 181,000 | $ 181,000 | $ 74,000 |
| Morgan, Colorado | 1 | $ 132,000 | $ 132,000 | $ 59,000 |
| Collier, Florida | 1 | $ 210,000 | $ 210,000 | $ 66,000 |
| Duval, Florida | 1 | $ 231,000 | $ 231,000 | $ 112,000 |
| Escambia, Florida | 1 | $ 107,000 | $ 107,000 | $ 43,000 |
| Pasco, Florida | 1 | $ 171,000 | $ 171,000 | $ 53,000 |
| St. Lucie, Florida | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Clarke, Georgia | 1 | $ 145,000 | $ 145,000 | $ 58,000 |
| DeKalb, Georgia | 1 | $ 252,000 | $ 252,000 | $ 71,000 |
| Franklin, Georgia | 1 | $ 100,000 | $ 100,000 | $ 38,000 |
| Tift, Georgia | 1 | $ 110,000 | $ 110,000 | $ 64,000 |
| Kane, Illinois | 1 | $ 417,000 | $ 417,000 | $ 110,000 |
| Cumberland, Maine | 1 | $ 258,000 | $ 258,000 | $ 70,000 |
| Lincoln, Maine | 1 | $ 200,000 | $ 200,000 | $ 240,000 |
| Queen Anne's, Maryland | 1 | $ 55,000 | $ 55,000 | $ 168,000 |
| Lewis and Clark, Montana | 1 | $ 145,000 | $ 145,000 | $ 42,000 |
| Clark, Nevada | 1 | $ 282,000 | $ 282,000 | $ 69,000 |
| Bernalillo, New Mexico | 1 | $ 288,000 | $ 288,000 | $ 67,000 |
| Dona Ana, New Mexico | 1 | $ 111,000 | $ 111,000 | $ 148,000 |
| Kings, New York | 1 | $ 352,000 | $ 352,000 | $ 96,000 |
| Alamance, North Carolina | 1 | $ 126,000 | $ 126,000 | $ 36,000 |
| Buncombe, North Carolina | 1 | $ 134,000 | $ 134,000 | $ 150,000 |
| Cabarrus, North Carolina | 1 | $ 103,000 | $ 103,000 | $ 20,000 |
| Catawba, North Carolina | 1 | $ 112,000 | $ 112,000 | $ 43,000 |
| Currituck, North Carolina | 1 | $ 560,000 | $ 560,000 | $ 240,000 |
| Dare, North Carolina | 1 | $ 300,000 | $ 300,000 | $ 120,000 |
| Franklin, North Carolina | 1 | $ 136,000 | $ 136,000 | $ 57,000 |
| Moore, North Carolina | 1 | $ 288,000 | $ 288,000 | $ 0 |
| Onslow, North Carolina | 1 | $ 189,000 | $ 189,000 | $ 166,000 |
| Orange, North Carolina | 1 | $ 340,000 | $ 340,000 | $ 122,000 |
| Wayne, North Carolina | 1 | $ 207,000 | $ 207,000 | $ 87,000 |
| Wilkes, North Carolina | 1 | $ 102,000 | $ 102,000 | $ 63,000 |
| Lake, Ohio | 1 | $ 181,000 | $ 181,000 | $ 73,000 |
| Rogers, Oklahoma | 1 | $ 332,000 | $ 332,000 | $ 247,000 |
| Jackson, Oregon | 1 | $ 275,000 | $ 275,000 | $ 81,000 |
| Allegheny, Pennsylvania | 1 | $ 372,000 | $ 372,000 | $ 216,000 |
| Anderson, South Carolina | 1 | $ 300,000 | $ 300,000 | $ 100,000 |
| Charleston, South Carolina | 1 | $ 899,000 | $ 899,000 | $ 0 |
| Clarendon, South Carolina | 1 | $ 400,000 | $ 400,000 | $ 131,000 |
| Marion, South Carolina | 1 | $ 119,000 | $ 119,000 | $ 47,000 |
| Richland, South Carolina | 1 | $ 395,000 | $ 395,000 | $ 360,000 |
| Williamsburg, South Carolina | 1 | $ 135,000 | $ 135,000 | $ 44,000 |
| Bristol, Virginia | 1 | $ 110,000 | $ 110,000 | $ 32,000 |
| Culpeper, Virginia | 1 | $ 355,000 | $ 355,000 | $ 111,000 |
| Hopewell, Virginia | 1 | $ 117,000 | $ 117,000 | $ 48,000 |
| Northumberland, Virginia | 1 | $ 236,000 | $ 236,000 | $ 64,000 |
| Roanoke, Virginia | 1 | $ 228,000 | $ 228,000 | $ 115,000 |
| Spotsylvania, Virginia | 1 | $ 165,000 | $ 165,000 | $ 44,000 |
| Jefferson, West Virginia | 1 | $ 286,000 | $ 286,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for Beach First National Bank in 2006
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 | 317 | $94,664,000 | $298,000 | $9,000,000 | $127,000 | $5,842,000 |
| Refinancing | 234 | $69,647,000 | $297,000 | $3,750,000 | $114,000 | $1,517,000 |
| Home Improvement | 16 | $1,791,000 | $111,000 | $500,000 | $307,000 | $3,249,000 |
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 | 377 | $100,021,000 | $265,000 | $3,264,000 | $156,000 | $5,842,000 |
| Not applicable | 72 | $40,934,000 | $568,000 | $9,000,000 | $9,000 | $682,000 |
| Black or African American | 61 | $12,094,000 | $198,000 | $650,000 | $91,000 | $247,000 |
| Hispanic | 29 | $6,765,000 | $233,000 | $460,000 | $101,000 | $373,000 |
| Not Provided | 17 | $3,734,000 | $219,000 | $540,000 | $146,000 | $300,000 |
| Asian | 8 | $1,805,000 | $225,000 | $400,000 | $119,000 | $216,000 |
| American Indian or Alaskan Native | 3 | $749,000 | $249,000 | $355,000 | $119,000 | $151,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 566 | $165,833,000 | $292,000 | $9,000,000 | $127,000 | $5,842,000 |
| VA-guaranteed (Veterans Administration) | 1 | $269,000 | $269,000 | $269,000 | $96,000 | $96,000 |
| 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 |
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 | 516 | $156,796,000 | $303,000 | $9,000,000 | $129,000 | $5,842,000 |
| Application Withdrawn By Applicant | 41 | $7,346,000 | $179,000 | $440,000 | $104,000 | $618,000 |
| Application Denied By Financial Institution | 9 | $1,628,000 | $180,000 | $540,000 | $61,000 | $139,000 |
| Application Approved But Not Accepted | 1 | $332,000 | $332,000 | $332,000 | $247,000 | $247,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 3 | $647,000 | $215,000 | $441,000 | $113,000 | $139,000 |
| Debt-To-Income Ratio | 3 | $777,000 | $259,000 | $540,000 | $45,000 | $93,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $89,000 | $89,000 | $89,000 | $31,000 | $31,000 |
| Other | 1 | $40,000 | $40,000 | $40,000 | $33,000 | $33,000 |
| Credit History | 1 | $75,000 | $75,000 | $75,000 | $17,000 | $17,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Beach First National Bank's 2006 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 First National 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 South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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