Beach First National Bank Mortgage Lending & HMDA Data, 2008
In 2008, Beach First National Bank of Myrtle Beach, SC reported 1,070 mortgage applications totaling $263.3 million, down 51% from 2007. The average application was for $246,052, and applicants reported an average income of $91,284. 53% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Myrtle Beach-North Myrtle Beach-Conway, SC (231), Washington-Arlington-Alexandria, DC-VA-MD-WV (120) and Raleigh-Cary, NC (65) (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 | 1,070 |
| Total Mortgage Loan Application Amount | $263,276,000 |
| Average Mortgage Loan Application Amount | $246,052 |
| Highest Mortgage Loan Application Amount | $3,838,000 |
| Average Applicant Income | $91,284 |
| Highest Applicant Income | $3,835,000 |
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records Beach First National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Myrtle Beach-North Myrtle Beach-Conway, SC | 231 | $ 65,315,000 | $ 282,748 | $ 139,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 120 | $ 38,074,000 | $ 317,283 | $ 97,750 |
| Raleigh-Cary, NC | 65 | $ 14,343,000 | $ 220,661 | $ 87,000 |
| Bethesda-Frederick-Gaithersburg, MD | 30 | $ 9,252,000 | $ 308,400 | $ 107,000 |
| Richmond, VA | 26 | $ 5,859,000 | $ 225,346 | $ 80,000 |
| Wilmington, NC | 26 | $ 5,117,000 | $ 196,807 | $ 70,000 |
| Charlotte-Gastonia-Concord, NC-SC | 23 | $ 4,453,000 | $ 193,608 | $ 68,000 |
| Atlanta-Sandy Springs-Marietta, GA | 22 | $ 3,448,000 | $ 156,727 | $ 53,000 |
| Durham, NC | 14 | $ 2,711,000 | $ 193,642 | $ 72,000 |
| Baltimore-Towson, MD | 12 | $ 3,956,000 | $ 329,666 | $ 121,000 |
| Chicago-Naperville-Joliet, IL | 12 | $ 3,373,000 | $ 281,083 | $ 70,000 |
| Greensboro-High Point, NC | 11 | $ 2,650,000 | $ 240,909 | $ 80,000 |
| New York-White Plains-Wayne, NY-NJ | 11 | $ 5,110,000 | $ 464,545 | $ 79,090 |
| Columbia, SC | 9 | $ 1,927,000 | $ 214,111 | $ 90,000 |
| Newark-Union, NJ-PA | 8 | $ 2,683,000 | $ 335,375 | $ 87,000 |
| Winston-Salem, NC | 8 | $ 1,330,000 | $ 166,250 | $ 58,000 |
| Fayetteville, NC | 7 | $ 1,040,000 | $ 148,571 | $ 44,000 |
| Greenville-Mauldin-Easley, SC | 7 | $ 1,067,000 | $ 152,428 | $ 42,000 |
| Hickory-Lenoir-Morganton, NC | 7 | $ 1,234,000 | $ 176,285 | $ 36,000 |
| Charleston-North Charleston-Summerville, SC | 6 | $ 1,380,000 | $ 230,000 | $ 98,000 |
| Edison-New Brunswick, NJ | 6 | $ 1,701,000 | $ 283,500 | $ 83,000 |
| Houston-Sugar Land-Baytown, TX | 6 | $ 794,000 | $ 132,333 | $ 45,000 |
| Los Angeles-Long Beach-Glendale, CA | 6 | $ 2,916,000 | $ 486,000 | $ 142,000 |
| Philadelphia, PA | 6 | $ 1,219,000 | $ 203,166 | $ 73,000 |
| St. Louis, MO-IL | 6 | $ 1,036,000 | $ 172,666 | $ 63,666 |
| Cleveland-Elyria-Mentor, OH | 5 | $ 569,000 | $ 113,800 | $ 26,000 |
| Denver-Aurora, CO | 5 | $ 1,036,000 | $ 207,200 | $ 45,000 |
| Florence, SC | 5 | $ 618,000 | $ 123,600 | $ 34,000 |
| Miami-Miami Beach-Kendall, FL | 5 | $ 1,061,000 | $ 212,200 | $ 60,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 5 | $ 1,193,000 | $ 238,600 | $ 73,000 |
| Providence-New Bedford-Fall River, RI-MA | 5 | $ 1,150,000 | $ 230,000 | $ 38,200 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 1,005,000 | $ 201,000 | $ 89,400 |
| Albany-Schenectady-Troy, NY | 4 | $ 749,000 | $ 187,250 | $ 104,000 |
| Asheville, NC | 4 | $ 752,000 | $ 188,000 | $ 44,000 |
| Camden, NJ | 4 | $ 834,000 | $ 208,500 | $ 48,000 |
| Harrisburg-Carlisle, PA | 4 | $ 665,000 | $ 166,250 | $ 52,000 |
| Nassau-Suffolk, NY | 4 | $ 1,276,000 | $ 319,000 | $ 61,000 |
| San Diego-Carlsbad-San Marcos, CA | 4 | $ 821,000 | $ 205,250 | $ 51,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 616,000 | $ 154,000 | $ 53,000 |
| Albuquerque, NM | 3 | $ 512,000 | $ 170,666 | $ 78,000 |
| Birmingham-Hoover, AL | 3 | $ 470,000 | $ 156,666 | $ 44,000 |
| Columbus, OH | 3 | $ 686,000 | $ 228,666 | $ 57,000 |
| Dover, DE | 3 | $ 733,000 | $ 244,333 | $ 68,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 503,000 | $ 167,666 | $ 78,000 |
| Louisville-Jefferson County, KY-IN | 3 | $ 440,000 | $ 146,666 | $ 41,000 |
| Lynchburg, VA | 3 | $ 498,000 | $ 166,000 | $ 48,000 |
| Memphis, TN-MS-AR | 3 | $ 729,000 | $ 243,000 | $ 63,000 |
| Mobile, AL | 3 | $ 365,000 | $ 121,666 | $ 32,000 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 491,000 | $ 163,666 | $ 25,000 |
| Roanoke, VA | 3 | $ 552,000 | $ 184,000 | $ 47,000 |
| Rocky Mount, NC | 3 | $ 523,000 | $ 174,333 | $ 53,000 |
| Battle Creek, MI | 2 | $ 221,000 | $ 110,500 | $ 45,000 |
| Boston-Quincy, MA | 2 | $ 601,000 | $ 300,500 | $ 90,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 597,000 | $ 298,500 | $ 81,000 |
| Des Moines-West Des Moines, IA | 2 | $ 299,000 | $ 149,500 | $ 32,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 290,000 | $ 145,000 | $ 21,000 |
| Gary, IN | 2 | $ 276,000 | $ 138,000 | $ 70,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 444,000 | $ 222,000 | $ 52,000 |
| Huntsville, AL | 2 | $ 516,000 | $ 258,000 | $ 66,000 |
| Indianapolis-Carmel, IN | 2 | $ 341,000 | $ 170,500 | $ 102,000 |
| Jacksonville, FL | 2 | $ 609,000 | $ 304,500 | $ 47,000 |
| Madison, WI | 2 | $ 465,000 | $ 232,500 | $ 60,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 366,000 | $ 183,000 | $ 54,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 353,000 | $ 176,500 | $ 31,000 |
| Niles-Benton Harbor, MI | 2 | $ 317,000 | $ 158,500 | $ 78,000 |
| Norwich-New London, CT | 2 | $ 412,000 | $ 206,000 | $ 29,000 |
| Orlando-Kissimmee, FL | 2 | $ 340,000 | $ 170,000 | $ 55,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 380,000 | $ 190,000 | $ 39,000 |
| Peabody, MA | 2 | $ 546,000 | $ 273,000 | $ 70,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 2 | $ 661,000 | $ 330,500 | $ 63,000 |
| Reading, PA | 2 | $ 460,000 | $ 230,000 | $ 102,000 |
| Valdosta, GA | 2 | $ 373,000 | $ 186,500 | $ 38,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 316,000 | $ 158,000 | $ 106,000 |
| Wilmington, DE-MD-NJ | 2 | $ 425,000 | $ 212,500 | $ 65,500 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 102,000 | $ 102,000 | $ 29,000 |
| Ann Arbor, MI | 1 | $ 119,000 | $ 119,000 | $ 39,000 |
| Appleton, WI | 1 | $ 371,000 | $ 371,000 | $ 60,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 146,000 | $ 146,000 | $ 65,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 104,000 | $ 104,000 | $ 132,000 |
| Bakersfield, CA | 1 | $ 335,000 | $ 335,000 | $ 124,000 |
| Barnstable Town, MA | 1 | $ 208,000 | $ 208,000 | $ 95,000 |
| Baton Rouge, LA | 1 | $ 193,000 | $ 193,000 | $ 93,000 |
| Boise City-Nampa, ID | 1 | $ 240,000 | $ 240,000 | $ 60,000 |
| Boulder, CO | 1 | $ 288,000 | $ 288,000 | $ 93,000 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 264,000 | $ 264,000 | $ 0 |
| Bremerton-Silverdale, WA | 1 | $ 460,000 | $ 460,000 | $ 81,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 153,000 | $ 153,000 | $ 52,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 78,000 | $ 78,000 | $ 43,000 |
| Burlington-South Burlington, VT | 1 | $ 178,000 | $ 178,000 | $ 74,000 |
| Charleston, WV | 1 | $ 135,000 | $ 135,000 | $ 52,000 |
| Charlottesville, VA | 1 | $ 379,000 | $ 379,000 | $ 169,000 |
| Clarksville, TN-KY | 1 | $ 133,000 | $ 133,000 | $ 52,000 |
| Cleveland, TN | 1 | $ 200,000 | $ 200,000 | $ 34,000 |
| College Station-Bryan, TX | 1 | $ 164,000 | $ 164,000 | $ 46,000 |
| Colorado Springs, CO | 1 | $ 409,000 | $ 409,000 | $ 116,000 |
| Corvallis, OR | 1 | $ 281,000 | $ 281,000 | $ 130,000 |
| Dallas-Plano-Irving, TX | 1 | $ 163,000 | $ 163,000 | $ 41,000 |
| Danville, VA | 1 | $ 98,000 | $ 98,000 | $ 33,000 |
| Erie, PA | 1 | $ 68,000 | $ 68,000 | $ 70,000 |
| Fargo, ND-MN | 1 | $ 90,000 | $ 90,000 | $ 17,000 |
| Fort Worth-Arlington, TX | 1 | $ 68,000 | $ 68,000 | $ 40,000 |
| Gainesville, FL | 1 | $ 207,000 | $ 207,000 | $ 0 |
| Gainesville, GA | 1 | $ 226,000 | $ 226,000 | $ 56,000 |
| Goldsboro, NC | 1 | $ 259,000 | $ 259,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 1 | $ 144,000 | $ 144,000 | $ 34,000 |
| Greenville, NC | 1 | $ 107,000 | $ 107,000 | $ 32,000 |
| Gulfport-Biloxi, MS | 1 | $ 72,000 | $ 72,000 | $ 35,000 |
| Hanford-Corcoran, CA | 1 | $ 229,000 | $ 229,000 | $ 97,000 |
| Johnson City, TN | 1 | $ 148,000 | $ 148,000 | $ 0 |
| Knoxville, TN | 1 | $ 328,000 | $ 328,000 | $ 105,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 193,000 | $ 193,000 | $ 62,000 |
| Manchester-Nashua, NH | 1 | $ 226,000 | $ 226,000 | $ 46,000 |
| Medford, OR | 1 | $ 238,000 | $ 238,000 | $ 85,000 |
| Monroe, LA | 1 | $ 243,000 | $ 243,000 | $ 66,000 |
| Muncie, IN | 1 | $ 315,000 | $ 315,000 | $ 150,000 |
| Muskegon-Norton Shores, MI | 1 | $ 75,000 | $ 75,000 | $ 71,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 152,000 | $ 152,000 | $ 45,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 355,000 | $ 355,000 | $ 165,000 |
| Ocala, FL | 1 | $ 89,000 | $ 89,000 | $ 30,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 350,000 | $ 350,000 | $ 194,000 |
| Pittsburgh, PA | 1 | $ 210,000 | $ 210,000 | $ 0 |
| Portland-South Portland-Biddeford, ME | 1 | $ 228,000 | $ 228,000 | $ 52,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 212,000 | $ 212,000 | $ 70,000 |
| Punta Gorda, FL | 1 | $ 135,000 | $ 135,000 | $ 45,000 |
| Rochester, MN | 1 | $ 128,000 | $ 128,000 | $ 40,000 |
| Rockingham County-Strafford County, NH | 1 | $ 208,000 | $ 208,000 | $ 136,000 |
| Salem, OR | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Salisbury, MD | 1 | $ 155,000 | $ 155,000 | $ 14,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 605,000 | $ 605,000 | $ 163,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 250,000 | $ 250,000 | $ 56,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 489,000 | $ 489,000 | $ 128,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 369,000 | $ 369,000 | $ 126,000 |
| Savannah, GA | 1 | $ 550,000 | $ 550,000 | $ 0 |
| Seattle-Bellevue-Everett, WA | 1 | $ 300,000 | $ 300,000 | $ 78,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 126,000 | $ 126,000 | $ 53,000 |
| Spartanburg, SC | 1 | $ 151,000 | $ 151,000 | $ 48,000 |
| Spokane, WA | 1 | $ 273,000 | $ 273,000 | $ 38,000 |
| Springfield, MA | 1 | $ 147,000 | $ 147,000 | $ 12,000 |
| Tacoma, WA | 1 | $ 286,000 | $ 286,000 | $ 55,000 |
| Topeka, KS | 1 | $ 101,000 | $ 101,000 | $ 69,000 |
| Trenton-Ewing, NJ | 1 | $ 224,000 | $ 224,000 | $ 57,000 |
| Tuscaloosa, AL | 1 | $ 130,000 | $ 130,000 | $ 38,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 122,000 | $ 122,000 | $ 40,000 |
| Worcester, MA | 1 | $ 234,000 | $ 234,000 | $ 61,000 |
| York-Hanover, PA | 1 | $ 119,000 | $ 119,000 | $ 53,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 67,000 | $ 67,000 | $ 31,000 |
Mortgage Loan Application Detail Totals for Beach First National Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 748 | $184,963,000 | $247,000 | $3,838,000 | $88,000 | $3,835,000 |
| Home Purchase | 306 | $75,060,000 | $245,000 | $1,125,000 | $101,000 | $1,155,000 |
| Home Improvement | 16 | $3,253,000 | $203,000 | $1,700,000 | $59,000 | $361,000 |
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 | 548 | $136,796,000 | $249,000 | $3,838,000 | $119,000 | $3,835,000 |
| Not Provided | 340 | $72,428,000 | $213,000 | $1,300,000 | $60,000 | $402,000 |
| Black or African American | 85 | $20,270,000 | $238,000 | $494,000 | $76,000 | $224,000 |
| Not applicable | 45 | $21,979,000 | $488,000 | $2,600,000 | $0 | $0 |
| Hispanic | 31 | $6,420,000 | $207,000 | $408,000 | $67,000 | $155,000 |
| Asian | 17 | $4,556,000 | $268,000 | $729,000 | $153,000 | $607,000 |
| American Indian or Alaskan Native | 2 | $267,000 | $133,000 | $200,000 | $239,000 | $417,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $560,000 | $280,000 | $409,000 | $92,000 | $116,000 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 563 | $117,269,000 | $208,000 | $955,000 | $60,000 | $320,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 488 | $140,558,000 | $288,000 | $3,838,000 | $127,000 | $3,835,000 |
| VA-guaranteed (Veterans Administration) | 19 | $5,449,000 | $286,000 | $487,000 | $88,000 | $169,000 |
| 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 | 570 | $153,477,000 | $269,000 | $3,838,000 | $114,000 | $3,835,000 |
| Application Withdrawn By Applicant | 278 | $59,714,000 | $214,000 | $1,185,000 | $65,000 | $523,000 |
| Application Denied By Financial Institution | 107 | $21,201,000 | $198,000 | $1,300,000 | $53,000 | $320,000 |
| File Closed For Incompleteness | 95 | $23,296,000 | $245,000 | $1,125,000 | $71,000 | $300,000 |
| Application Approved But Not Accepted | 19 | $4,919,000 | $258,000 | $556,000 | $108,000 | $500,000 |
| Loan Purchased By The Institution | 1 | $669,000 | $669,000 | $669,000 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 65 | $11,917,000 | $183,000 | $1,300,000 | $43,000 | $264,000 |
| Debt-To-Income Ratio | 19 | $4,437,000 | $233,000 | $430,000 | $57,000 | $320,000 |
| Collateral | 8 | $1,546,000 | $193,000 | $355,000 | $80,000 | $165,000 |
| Unverifiable Information | 7 | $1,367,000 | $195,000 | $417,000 | $56,000 | $127,000 |
| Other | 5 | $1,085,000 | $217,000 | $310,000 | $101,000 | $220,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $849,000 | $283,000 | $409,000 | $78,000 | $119,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Beach First National Bank'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 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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