Cumberland Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Cumberland Bank & Trust of Clarksville, TN reported 202 mortgage applications totaling $28.4 million, up 20% from 2016. The average application was for $140,777, and applicants reported an average income of $95,188. 84% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Clarksville, TN-KY (162), Nashville-Davidson--Murfreesboro--Franklin, TN (8) and Dayton, OH (2) (applications in parentheses).
| Mortgage Company & Address | Cumberland Bank & Trust 502 Madison Street Clarksville, TN 37040 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 202 |
| Total Mortgage Loan Application Amount | $28,437,000 |
| Average Mortgage Loan Application Amount | $140,777 |
| Highest Mortgage Loan Application Amount | $480,000 |
| Average Applicant Income | $95,188 |
| Highest Applicant Income | $1,244,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cumberland Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Montgomery, Tennessee | 157 | $ 21,740,000 | $ 138,471 | $ 94,000 |
| Stewart, Tennessee | 22 | $ 2,650,000 | $ 120,454 | $ 66,000 |
| Christian, Kentucky | 3 | $ 261,000 | $ 87,000 | $ 49,000 |
| Davidson, Tennessee | 3 | $ 850,000 | $ 283,333 | $ 195,000 |
| Houston, Tennessee | 3 | $ 232,000 | $ 77,333 | $ 45,000 |
| Trigg, Kentucky | 2 | $ 401,000 | $ 200,500 | $ 118,000 |
| Dickson, Tennessee | 2 | $ 192,000 | $ 96,000 | $ 220,000 |
| Pinellas, Florida | 1 | $ 423,000 | $ 423,000 | $ 419,000 |
| Walton, Florida | 1 | $ 280,000 | $ 280,000 | $ 318,000 |
| Howard, Indiana | 1 | $ 143,000 | $ 143,000 | $ 57,000 |
| Calloway, Kentucky | 1 | $ 80,000 | $ 80,000 | $ 61,000 |
| Jefferson, Kentucky | 1 | $ 152,000 | $ 152,000 | $ 72,000 |
| Miami, Ohio | 1 | $ 58,000 | $ 58,000 | $ 60,000 |
| Montgomery, Ohio | 1 | $ 103,000 | $ 103,000 | $ 44,000 |
| Cheatham, Tennessee | 1 | $ 164,000 | $ 164,000 | $ 43,000 |
| Robertson, Tennessee | 1 | $ 480,000 | $ 480,000 | $ 107,000 |
| Wilson, Tennessee | 1 | $ 228,000 | $ 228,000 | $ 309,000 |
Mortgage Loan Application Detail Totals for Cumberland Bank & Trust in 2017
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 | 160 | $23,716,000 | $148,000 | $480,000 | $103,000 | $1,244,000 |
| Refinancing | 36 | $4,496,000 | $124,000 | $479,000 | $66,000 | $379,000 |
| Home Improvement | 6 | $225,000 | $37,000 | $75,000 | $62,000 | $131,000 |
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 | 173 | $24,753,000 | $143,000 | $479,000 | $105,000 | $1,244,000 |
| Not applicable | 12 | $968,000 | $80,000 | $186,000 | $0 | $0 |
| Black or African American | 11 | $1,403,000 | $127,000 | $224,000 | $59,000 | $86,000 |
| Hispanic | 3 | $634,000 | $211,000 | $296,000 | $76,000 | $89,000 |
| Not Provided | 2 | $589,000 | $294,000 | $480,000 | $93,000 | $107,000 |
| Asian | 1 | $90,000 | $90,000 | $90,000 | $33,000 | $33,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 129 | $16,264,000 | $126,000 | $479,000 | $113,000 | $1,244,000 |
| FHA-insured (Federal Housing Administration) | 43 | $5,908,000 | $137,000 | $244,000 | $55,000 | $309,000 |
| VA-guaranteed (Veterans Administration) | 28 | $6,078,000 | $217,000 | $480,000 | $81,000 | $174,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $187,000 | $93,000 | $101,000 | $42,000 | $53,000 |
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 | 169 | $24,457,000 | $144,000 | $479,000 | $104,000 | $1,244,000 |
| Application Denied By Financial Institution | 16 | $1,530,000 | $95,000 | $200,000 | $47,000 | $119,000 |
| Application Withdrawn By Applicant | 10 | $1,419,000 | $141,000 | $480,000 | $58,000 | $197,000 |
| Application Approved But Not Accepted | 7 | $1,031,000 | $147,000 | $232,000 | $70,000 | $147,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $450,000 | $112,000 | $147,000 | $44,000 | $57,000 |
| Debt-To-Income Ratio | 4 | $598,000 | $149,000 | $197,000 | $44,000 | $55,000 |
| Credit Application Incomplete | 1 | $58,000 | $58,000 | $58,000 | $60,000 | $60,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cumberland Bank & Trust's 2017 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 Cumberland Bank & Trust'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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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