Equity Services, Inc. Mortgage Lending & HMDA Data, 2004
In 2004, Equity Services, Inc. of Raleigh, NC reported 2,505 mortgage applications totaling $426.3 million. The average application was for $170,172, and applicants reported an average income of $84,929. 91% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Raleigh-Cary, NC (800), Durham, NC (157) and Charlotte-Gastonia-Concord, NC-SC (86) (applications in parentheses).
| Mortgage Company & Address | Equity Services, Inc. 5711 Six Forks Road, Ste 201 Raleigh, NC 27609 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 2,505 |
| Total Mortgage Loan Application Amount | $426,282,000 |
| Average Mortgage Loan Application Amount | $170,172 |
| Highest Mortgage Loan Application Amount | $1,425,000 |
| Average Applicant Income | $84,929 |
| Highest Applicant Income | $1,258,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Equity Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Raleigh-Cary, NC | 800 | $ 143,703,000 | $ 179,628 | $ 77,000 |
| Durham, NC | 157 | $ 28,660,000 | $ 182,547 | $ 91,000 |
| Charlotte-Gastonia-Concord, NC-SC | 86 | $ 14,141,000 | $ 164,430 | $ 69,000 |
| Greensboro-High Point, NC | 58 | $ 8,121,000 | $ 140,017 | $ 62,000 |
| Wilmington, NC | 51 | $ 11,159,000 | $ 218,803 | $ 148,000 |
| Atlanta-Sandy Springs-Marietta, GA | 43 | $ 8,058,000 | $ 187,395 | $ 98,000 |
| Baltimore-Towson, MD | 32 | $ 6,498,000 | $ 203,062 | $ 107,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 32 | $ 5,635,000 | $ 176,093 | $ 92,000 |
| Fayetteville, NC | 31 | $ 3,503,000 | $ 113,000 | $ 62,000 |
| Kingsport-Bristol-Bristol, TN-VA | 31 | $ 3,032,000 | $ 97,806 | $ 34,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 30 | $ 5,636,000 | $ 187,866 | $ 137,000 |
| Winston-Salem, NC | 28 | $ 3,831,000 | $ 136,821 | $ 87,000 |
| Bethesda-Frederick-Gaithersburg, MD | 25 | $ 5,954,000 | $ 238,160 | $ 91,000 |
| Richmond, VA | 19 | $ 3,152,000 | $ 165,894 | $ 107,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 17 | $ 2,430,000 | $ 142,941 | $ 93,000 |
| Asheville, NC | 16 | $ 2,236,000 | $ 139,750 | $ 114,000 |
| Orlando, FL | 16 | $ 2,827,000 | $ 176,687 | $ 78,000 |
| Greenville, NC | 13 | $ 1,800,000 | $ 138,461 | $ 60,000 |
| Tampa-St. Petersburg-Clearwater, FL | 12 | $ 1,337,000 | $ 111,416 | $ 143,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 11 | $ 2,132,000 | $ 193,818 | $ 74,000 |
| Burlington, NC | 10 | $ 1,213,000 | $ 121,300 | $ 60,000 |
| Hickory-Lenoir-Morganton, NC | 10 | $ 1,917,000 | $ 191,700 | $ 125,000 |
| Rocky Mount, NC | 8 | $ 928,000 | $ 116,000 | $ 59,000 |
| Indianapolis, IN | 7 | $ 996,000 | $ 142,285 | $ 90,000 |
| Jacksonville, FL | 7 | $ 1,015,000 | $ 145,000 | $ 80,000 |
| Miami-Miami Beach-Kendall, FL | 7 | $ 1,608,000 | $ 229,714 | $ 187,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 1,278,000 | $ 213,000 | $ 101,000 |
| Memphis, TN-MS-AR | 6 | $ 1,107,000 | $ 184,500 | $ 99,000 |
| Nashville-Davidson--Murfreesboro, TN | 6 | $ 692,000 | $ 115,333 | $ 64,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 5 | $ 654,000 | $ 130,800 | $ 67,000 |
| Knoxville, TN | 5 | $ 683,000 | $ 136,600 | $ 85,000 |
| Lynchburg, VA | 5 | $ 432,000 | $ 86,400 | $ 43,000 |
| Charlottesville, VA | 4 | $ 680,000 | $ 170,000 | $ 66,000 |
| Chicago-Naperville-Joliet, IL | 4 | $ 724,000 | $ 181,000 | $ 105,000 |
| Columbia, SC | 4 | $ 519,000 | $ 129,750 | $ 60,000 |
| Denver-Aurora, CO | 4 | $ 925,000 | $ 231,250 | $ 74,000 |
| Lakeland, FL | 4 | $ 645,000 | $ 161,250 | $ 72,000 |
| Philadelphia, PA | 4 | $ 602,000 | $ 150,500 | $ 81,000 |
| Roanoke, VA | 4 | $ 674,000 | $ 168,500 | $ 86,000 |
| Dallas-Plano-Irving, TX | 3 | $ 1,041,000 | $ 347,000 | $ 221,000 |
| Fort Collins-Loveland, CO | 3 | $ 547,000 | $ 182,333 | $ 94,000 |
| Gainesville, GA | 3 | $ 669,000 | $ 223,000 | $ 149,000 |
| Gary, IN | 3 | $ 399,000 | $ 133,000 | $ 40,000 |
| Goldsboro, NC | 3 | $ 406,000 | $ 135,333 | $ 82,000 |
| Greenville, SC | 3 | $ 502,000 | $ 167,333 | $ 35,000 |
| Hagerstown-Martinsburg, MD-WV | 3 | $ 388,000 | $ 129,333 | $ 64,000 |
| Jacksonville, NC | 3 | $ 415,000 | $ 138,333 | $ 119,000 |
| Johnson City, TN | 3 | $ 586,000 | $ 195,333 | $ 121,000 |
| Lexington-Fayette, KY | 3 | $ 464,000 | $ 154,666 | $ 50,000 |
| Louisville, KY-IN | 3 | $ 411,000 | $ 137,000 | $ 91,000 |
| Providence-New Bedford-Fall River, RI-MA | 3 | $ 666,000 | $ 222,000 | $ 110,000 |
| Savannah, GA | 3 | $ 567,000 | $ 189,000 | $ 93,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 231,000 | $ 115,500 | $ 44,000 |
| Athens-Clarke County, GA | 2 | $ 348,000 | $ 174,000 | $ 104,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 298,000 | $ 149,000 | $ 88,000 |
| Baton Rouge, LA | 2 | $ 140,000 | $ 70,000 | $ 32,000 |
| Boulder, CO | 2 | $ 525,000 | $ 262,500 | $ 59,000 |
| Colorado Springs, CO | 2 | $ 363,000 | $ 181,500 | $ 74,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 214,000 | $ 107,000 | $ 39,000 |
| Ocala, FL | 2 | $ 204,000 | $ 102,000 | $ 12,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 404,000 | $ 202,000 | $ 125,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 235,000 | $ 117,500 | $ 37,000 |
| Sarasota-Bradenton-Venice, FL | 2 | $ 384,000 | $ 192,000 | $ 156,000 |
| Winchester, VA-WV | 2 | $ 410,000 | $ 205,000 | $ 130,000 |
| Albuquerque, NM | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Auburn-Opelika, AL | 1 | $ 310,000 | $ 310,000 | $ 140,000 |
| Birmingham-Hoover, AL | 1 | $ 270,000 | $ 270,000 | $ 120,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 72,000 | $ 72,000 | $ 59,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 508,000 | $ 508,000 | $ 132,000 |
| Camden, NJ | 1 | $ 97,000 | $ 97,000 | $ 52,000 |
| Charleston-North Charleston, SC | 1 | $ 153,000 | $ 153,000 | $ 33,000 |
| Cheyenne, WY | 1 | $ 117,000 | $ 117,000 | $ 72,000 |
| Clarksville, TN-KY | 1 | $ 85,000 | $ 85,000 | $ 78,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 190,000 | $ 190,000 | $ 66,000 |
| Columbus, IN | 1 | $ 50,000 | $ 50,000 | $ 16,000 |
| Danville, VA | 1 | $ 120,000 | $ 120,000 | $ 50,000 |
| Elkhart-Goshen, IN | 1 | $ 134,000 | $ 134,000 | $ 74,000 |
| Evansville, IN-KY | 1 | $ 219,000 | $ 219,000 | $ 90,000 |
| Fort Worth-Arlington, TX | 1 | $ 108,000 | $ 108,000 | $ 293,000 |
| Kalamazoo-Portage, MI | 1 | $ 72,000 | $ 72,000 | $ 71,000 |
| Lafayette, IN | 1 | $ 156,000 | $ 156,000 | $ 56,000 |
| Las Vegas-Paradise, NV | 1 | $ 118,000 | $ 118,000 | $ 300,000 |
| Little Rock-North Little Rock, AR | 1 | $ 225,000 | $ 225,000 | $ 85,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 311,000 | $ 311,000 | $ 220,000 |
| Nassau-Suffolk, NY | 1 | $ 80,000 | $ 80,000 | $ 0 |
| New Haven-Milford, CT | 1 | $ 100,000 | $ 100,000 | $ 47,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 278,000 | $ 278,000 | $ 74,000 |
| Pittsburgh, PA | 1 | $ 104,000 | $ 104,000 | $ 83,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 74,000 | $ 74,000 | $ 162,000 |
| Punta Gorda, FL | 1 | $ 90,000 | $ 90,000 | $ 52,000 |
| Rome, GA | 1 | $ 116,000 | $ 116,000 | $ 29,000 |
| Salisbury, MD | 1 | $ 140,000 | $ 140,000 | $ 45,000 |
| San Antonio, TX | 1 | $ 100,000 | $ 100,000 | $ 44,000 |
| Spartanburg, SC | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Tulsa, OK | 1 | $ 100,000 | $ 100,000 | $ 45,000 |
| Valdosta, GA | 1 | $ 134,000 | $ 134,000 | $ 40,000 |
| Vero Beach, FL | 1 | $ 334,000 | $ 334,000 | $ 240,000 |
| Warner Robins, GA | 1 | $ 129,000 | $ 129,000 | $ 34,000 |
| Warren-Farmington Hills-Troy, MI | 1 | $ 60,000 | $ 60,000 | $ 26,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 215,000 | $ 215,000 | $ 161,000 |
Mortgage Loan Application Detail Totals for Equity Services, Inc. in 2004
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 | 1,477 | $265,801,000 | $167,800 | $1,092,000 | $95,000 | $955,000 |
| Home Purchase | 1,028 | $160,481,000 | $187,296 | $1,425,000 | $99,555 | $1,258,000 |
| 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 | 1,911 | $324,767,000 | $187,454 | $1,425,000 | $110,757 | $1,258,000 |
| Not Provided | 294 | $50,499,000 | $151,866 | $1,000,000 | $63,066 | $539,000 |
| Asian | 148 | $28,739,000 | $221,100 | $610,000 | $104,700 | $1,020,000 |
| Black or African American | 79 | $11,217,000 | $147,428 | $1,000,000 | $72,285 | $377,000 |
| Hispanic | 34 | $5,258,000 | $190,000 | $333,000 | $101,400 | $446,000 |
| Not applicable | 30 | $4,531,000 | $211,444 | $530,000 | $89,666 | $180,000 |
| American Indian or Alaskan Native | 6 | $673,000 | $115,000 | $149,000 | $48,666 | $93,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $598,000 | $204,000 | $224,000 | $89,000 | $113,000 |
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) | 2,464 | $421,454,000 | $186,176 | $1,425,000 | $104,088 | $1,258,000 |
| FHA-insured (Federal Housing Administration) | 32 | $3,480,000 | $103,500 | $212,000 | $44,500 | $129,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,348,000 | $138,000 | $227,000 | $46,000 | $92,000 |
| 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 | 2,285 | $396,071,000 | $188,470 | $1,425,000 | $106,088 | $1,258,000 |
| Loan Purchased By The Institution | 126 | $17,553,000 | $208,714 | $600,000 | $83,000 | $480,000 |
| Application Denied By Financial Institution | 61 | $7,349,000 | $239,571 | $760,000 | $77,571 | $222,000 |
| Application Approved But Not Accepted | 23 | $3,025,000 | $148,750 | $275,000 | $52,500 | $184,000 |
| Application Withdrawn By Applicant | 10 | $2,284,000 | $236,000 | $632,000 | $30,000 | $217,000 |
| File Closed For Incompleteness | 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 Equity Services, Inc.'s 2004 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 Equity Services, Inc.'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.
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