First Florida Bank Mortgage Lending & HMDA Data, 2008
In 2008, First Florida Bank of Destin, FL reported 91 mortgage applications totaling $32.0 million. The average application was for $352,043, and applicants reported an average income of $413,692. 53% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Fort Walton Beach-Crestview-Destin, FL (30), Panama City-Lynn Haven, FL (5) and Las Cruces, NM (1) (applications in parentheses).
| Mortgage Company & Address | First Florida Bank 125 Main Street Destin, FL 32541 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 91 |
| Total Mortgage Loan Application Amount | $32,036,000 |
| Average Mortgage Loan Application Amount | $352,043 |
| Highest Mortgage Loan Application Amount | $2,535,000 |
| Average Applicant Income | $413,692 |
| Highest Applicant Income | $6,036,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Florida Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Walton, Florida | 52 | $ 15,414,000 | $ 296,423 | $ 228,000 |
| Okaloosa, Florida | 30 | $ 14,556,000 | $ 485,200 | $ 815,000 |
| Bay, Florida | 5 | $ 1,116,000 | $ 223,200 | $ 176,000 |
| Escambia, Florida | 1 | $ 78,000 | $ 78,000 | $ 79,000 |
| Orange, Florida | 1 | $ 240,000 | $ 240,000 | $ 82,000 |
| Dona Ana, New Mexico | 1 | $ 352,000 | $ 352,000 | $ 150,000 |
Mortgage Loan Application Detail Totals for First Florida 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 70 | $22,262,000 | $318,000 | $1,480,000 | $395,000 | $6,036,000 |
| Refinancing | 21 | $9,774,000 | $465,000 | $2,535,000 | $476,000 | $4,818,000 |
| Home Improvement | 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 | 60 | $23,466,000 | $391,000 | $2,535,000 | $203,000 | $1,150,000 |
| Not Provided | 24 | $7,407,000 | $308,000 | $1,100,000 | $914,000 | $6,036,000 |
| Not applicable | 4 | $488,000 | $122,000 | $122,000 | $693,000 | $693,000 |
| Hispanic | 2 | $480,000 | $240,000 | $240,000 | $347,000 | $612,000 |
| Black or African American | 1 | $195,000 | $195,000 | $195,000 | $41,000 | $41,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 88 | $31,474,000 | $357,000 | $2,535,000 | $426,000 | $6,036,000 |
| FHA-insured (Federal Housing Administration) | 3 | $562,000 | $187,000 | $240,000 | $57,000 | $82,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 48 | $16,204,000 | $337,000 | $2,535,000 | $587,000 | $6,036,000 |
| Application Denied By Financial Institution | 19 | $7,741,000 | $407,000 | $1,750,000 | $231,000 | $1,150,000 |
| Application Approved But Not Accepted | 13 | $4,533,000 | $348,000 | $1,350,000 | $179,000 | $433,000 |
| Application Withdrawn By Applicant | 7 | $2,863,000 | $409,000 | $1,100,000 | $339,000 | $1,200,000 |
| File Closed For Incompleteness | 3 | $415,000 | $138,000 | $180,000 | $71,000 | $92,000 |
| Preapproval Approved but not Accepted | 1 | $280,000 | $280,000 | $280,000 | $173,000 | $173,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $1,330,000 | $1,330,000 | $1,330,000 | $78,000 | $78,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Florida 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 First Florida 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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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