Cadence Bank, N.A. Mortgage Lending & HMDA Data, 2019
In 2019, Cadence Bank, N.A. of Birmingham, AL reported 4,145 mortgage applications totaling $1.1 billion. The average application was for $257,480, and applicants reported an average income of $168,574. 67% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Houston-The Woodlands-Sugar Land, TX (1,510), Birmingham-Hoover, AL (395) and Tuscaloosa, AL (330) (applications in parentheses).
| Mortgage Company & Address | Cadence Bank, N.A. 2100 3rd Ave N Birmingham, AL 35203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 |
| Total Number of Mortgage Applications | 4,145 |
| Total Mortgage Loan Application Amount | $1,067,255,000 |
| Average Mortgage Loan Application Amount | $257,480 |
| Highest Mortgage Loan Application Amount | $25,005,000 |
| Average Applicant Income | $168,574 |
| Highest Applicant Income | $8,650,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cadence Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Cadence Bank, N.A. in 2019
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 | 2,880 | $797,760,000 | $277,000 | $22,505,000 | $151,000 | $3,898,000 |
| Home Improvement | 562 | $61,980,000 | $110,000 | $1,605,000 | $184,000 | $3,570,000 |
| Refinancing | 427 | $138,095,000 | $323,000 | $25,005,000 | $231,000 | $3,358,000 |
| Other Purpose | 200 | $42,780,000 | $213,000 | $1,505,000 | $246,000 | $8,650,000 |
| Cash-out Refinancing | 76 | $26,640,000 | $350,000 | $2,255,000 | $166,000 | $1,005,000 |
| Not Applicable | 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 | 2,189 | $555,235,000 | $253,000 | $2,995,000 | $194,000 | $3,570,000 |
| Black or African American | 717 | $126,575,000 | $176,000 | $1,505,000 | $72,000 | $1,465,000 |
| Not Provided | 418 | $158,170,000 | $378,000 | $6,005,000 | $228,000 | $3,898,000 |
| Hispanic | 403 | $93,615,000 | $232,000 | $3,735,000 | $120,000 | $1,504,000 |
| Not applicable | 256 | $80,880,000 | $315,000 | $25,005,000 | $0 | $0 |
| Asian | 107 | $35,775,000 | $334,000 | $1,935,000 | $280,000 | $8,650,000 |
| American Indian or Alaskan Native | 26 | $5,660,000 | $217,000 | $1,225,000 | $122,000 | $747,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $820,000 | $205,000 | $255,000 | $112,000 | $215,000 |
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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3,983 | $1,035,085,000 | $259,000 | $25,005,000 | $173,000 | $8,650,000 |
| FHA-insured (Federal Housing Administration) | 97 | $19,365,000 | $199,000 | $315,000 | $75,000 | $237,000 |
| VA-guaranteed (Veterans Administration) | 54 | $11,140,000 | $206,000 | $385,000 | $87,000 | $240,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $1,665,000 | $151,000 | $185,000 | $52,000 | $69,000 |
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 | 2,775 | $730,255,000 | $263,000 | $25,005,000 | $174,000 | $3,898,000 |
| Application Denied By Financial Institution | 802 | $173,700,000 | $216,000 | $5,005,000 | $130,000 | $3,144,000 |
| Application Withdrawn By Applicant | 475 | $142,615,000 | $300,000 | $2,995,000 | $203,000 | $8,650,000 |
| Application Approved But Not Accepted | 58 | $9,380,000 | $161,000 | $1,445,000 | $212,000 | $1,424,000 |
| File Closed For Incompleteness | 35 | $11,305,000 | $323,000 | $3,505,000 | $152,000 | $2,000,000 |
| 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 | 3,343 | $893,555,000 | $267,000 | $25,005,000 | $179,000 | $8,650,000 |
| Credit Application Incomplete | 240 | $77,870,000 | $324,000 | $5,005,000 | $143,000 | $2,779,000 |
| Debt-To-Income Ratio | 239 | $41,495,000 | $173,000 | $2,255,000 | $90,000 | $785,000 |
| Credit History | 186 | $26,830,000 | $144,000 | $1,165,000 | $149,000 | $1,045,000 |
| Other | 52 | $13,080,000 | $251,000 | $1,405,000 | $113,000 | $457,000 |
| Collateral | 50 | $8,040,000 | $160,000 | $1,005,000 | $245,000 | $3,144,000 |
| Unverifiable Information | 14 | $2,420,000 | $172,000 | $275,000 | $71,000 | $249,000 |
| Employment History | 12 | $1,970,000 | $164,000 | $485,000 | $118,000 | $269,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,995,000 | $221,000 | $485,000 | $68,000 | $134,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cadence Bank, N.A.'s 2019 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 Cadence Bank, N.A.'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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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