Equity Services, Inc. Mortgage Lending & HMDA Data, 2005
In 2005, Equity Services, Inc. of Raleigh, NC reported 2,697 mortgage applications totaling $485.8 million, up 8% from 2004. The average application was for $180,140, and applicants reported an average income of $94,965. 96% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Raleigh-Cary, NC (831), Durham, NC (225) and Wilmington, NC (130) (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 | 2,697 |
| Total Mortgage Loan Application Amount | $485,838,000 |
| Average Mortgage Loan Application Amount | $180,140 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $94,965 |
| Highest Applicant Income | $1,282,000 |
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(HMDA) records Equity Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 831 | $ 148,422,000 | $ 178,606 | $ 81,000 |
| Durham, NC | 225 | $ 39,353,000 | $ 174,902 | $ 106,000 |
| Wilmington, NC | 130 | $ 23,301,000 | $ 179,238 | $ 88,000 |
| Charlotte-Gastonia-Concord, NC-SC | 107 | $ 17,722,000 | $ 165,626 | $ 83,000 |
| Greensboro-High Point, NC | 43 | $ 6,208,000 | $ 144,372 | $ 85,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 41 | $ 7,759,000 | $ 189,243 | $ 139,000 |
| Kingsport-Bristol-Bristol, TN-VA | 40 | $ 4,411,000 | $ 110,275 | $ 52,000 |
| Atlanta-Sandy Springs-Marietta, GA | 30 | $ 6,469,000 | $ 215,633 | $ 100,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 29 | $ 6,742,000 | $ 232,482 | $ 128,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 26 | $ 5,529,000 | $ 212,653 | $ 94,000 |
| Baltimore-Towson, MD | 25 | $ 4,884,000 | $ 195,360 | $ 97,000 |
| Rocky Mount, NC | 22 | $ 2,586,000 | $ 117,545 | $ 67,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 20 | $ 4,317,000 | $ 215,850 | $ 115,000 |
| Hickory-Lenoir-Morganton, NC | 20 | $ 2,410,000 | $ 120,500 | $ 85,000 |
| Asheville, NC | 19 | $ 3,555,000 | $ 187,105 | $ 150,000 |
| Burlington, NC | 16 | $ 1,612,000 | $ 100,750 | $ 48,000 |
| Orlando, FL | 16 | $ 4,080,000 | $ 255,000 | $ 76,000 |
| Greenville, NC | 14 | $ 1,273,000 | $ 90,928 | $ 46,000 |
| Winston-Salem, NC | 13 | $ 1,238,000 | $ 95,230 | $ 75,000 |
| Jacksonville, FL | 10 | $ 2,900,000 | $ 290,000 | $ 132,000 |
| Jacksonville, NC | 9 | $ 1,967,000 | $ 218,555 | $ 93,000 |
| Nashville-Davidson--Murfreesboro, TN | 9 | $ 2,073,000 | $ 230,333 | $ 104,000 |
| Richmond, VA | 9 | $ 2,130,000 | $ 236,666 | $ 131,000 |
| Sarasota-Bradenton-Venice, FL | 9 | $ 2,529,000 | $ 281,000 | $ 214,000 |
| Bethesda-Frederick-Gaithersburg, MD | 8 | $ 2,473,000 | $ 309,125 | $ 109,000 |
| Miami-Miami Beach-Kendall, FL | 8 | $ 2,431,000 | $ 303,875 | $ 80,000 |
| Tampa-St. Petersburg-Clearwater, FL | 8 | $ 1,404,000 | $ 175,500 | $ 70,000 |
| Cape Coral-Fort Myers, FL | 7 | $ 1,401,000 | $ 200,142 | $ 97,000 |
| Fayetteville, NC | 7 | $ 620,000 | $ 88,571 | $ 51,000 |
| Goldsboro, NC | 7 | $ 1,003,000 | $ 143,285 | $ 88,000 |
| Knoxville, TN | 7 | $ 575,000 | $ 82,142 | $ 79,000 |
| Anderson, SC | 5 | $ 733,000 | $ 146,600 | $ 54,000 |
| Charlottesville, VA | 4 | $ 1,040,000 | $ 260,000 | $ 216,000 |
| Lakeland, FL | 4 | $ 479,000 | $ 119,750 | $ 66,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 837,000 | $ 209,250 | $ 87,000 |
| Blacksburg-Christiansburg-Radford, VA | 3 | $ 251,000 | $ 83,666 | $ 37,000 |
| Columbia, SC | 3 | $ 252,000 | $ 84,000 | $ 36,000 |
| Indianapolis, IN | 3 | $ 431,000 | $ 143,666 | $ 98,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 795,000 | $ 265,000 | $ 101,000 |
| Panama City-Lynn Haven, FL | 3 | $ 521,000 | $ 173,666 | $ 194,000 |
| Austin-Round Rock, TX | 2 | $ 121,000 | $ 60,500 | $ 39,000 |
| Birmingham-Hoover, AL | 2 | $ 825,000 | $ 412,500 | $ 123,000 |
| Charleston, WV | 2 | $ 134,000 | $ 67,000 | $ 50,000 |
| Columbus, GA-AL | 2 | $ 330,000 | $ 165,000 | $ 72,000 |
| Danville, VA | 2 | $ 484,000 | $ 242,000 | $ 239,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 275,000 | $ 137,500 | $ 61,000 |
| Flint, MI | 2 | $ 161,000 | $ 80,500 | $ 49,000 |
| Gainesville, GA | 2 | $ 349,000 | $ 174,500 | $ 110,000 |
| Greenville, SC | 2 | $ 658,000 | $ 329,000 | $ 153,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 477,000 | $ 238,500 | $ 175,000 |
| Johnson City, TN | 2 | $ 419,000 | $ 209,500 | $ 108,000 |
| Lake Charles, LA | 2 | $ 151,000 | $ 75,500 | $ 55,000 |
| Little Rock-North Little Rock, AR | 2 | $ 117,000 | $ 58,500 | $ 77,000 |
| Lynchburg, VA | 2 | $ 596,000 | $ 298,000 | $ 163,000 |
| Port St. Lucie-Fort Pierce, FL | 2 | $ 280,000 | $ 140,000 | $ 32,000 |
| Savannah, GA | 2 | $ 160,000 | $ 80,000 | $ 84,000 |
| Spartanburg, SC | 2 | $ 145,000 | $ 72,500 | $ 104,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 192,000 | $ 192,000 | $ 108,000 |
| Billings, MT | 1 | $ 150,000 | $ 150,000 | $ 51,000 |
| Bloomington, IN | 1 | $ 292,000 | $ 292,000 | $ 134,000 |
| Camden, NJ | 1 | $ 567,000 | $ 567,000 | $ 200,000 |
| College Station-Bryan, TX | 1 | $ 137,000 | $ 137,000 | $ 87,000 |
| Columbus, OH | 1 | $ 120,000 | $ 120,000 | $ 42,000 |
| Edison, NJ | 1 | $ 200,000 | $ 200,000 | $ 117,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 131,000 | $ 131,000 | $ 73,000 |
| Gainesville, FL | 1 | $ 217,000 | $ 217,000 | $ 59,000 |
| Harrisonburg, VA | 1 | $ 200,000 | $ 200,000 | $ 150,000 |
| Philadelphia, PA | 1 | $ 176,000 | $ 176,000 | $ 102,000 |
| Roanoke, VA | 1 | $ 300,000 | $ 300,000 | $ 350,000 |
| San Antonio, TX | 1 | $ 190,000 | $ 190,000 | $ 135,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 71,000 | $ 71,000 | $ 58,000 |
| Wilmington, DE-MD-NJ | 1 | $ 98,000 | $ 98,000 | $ 51,000 |
| Winchester, VA-WV | 1 | $ 135,000 | $ 135,000 | $ 32,000 |
Mortgage Loan Application Detail Totals for Equity Services, Inc. in 2005
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 | 1,565 | $254,484,000 | $174,000 | $1,500,000 | $98,210 | $1,282,000 |
| Refinancing | 1,131 | $231,264,000 | $194,611 | $1,500,000 | $83,444 | $1,026,000 |
| Home Improvement | 1 | $90,000 | $90,000 | $90,000 | $160,000 | $160,000 |
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 | 2,177 | $393,742,000 | $191,500 | $1,500,000 | $93,272 | $1,282,000 |
| Not Provided | 205 | $36,137,000 | $149,437 | $1,500,000 | $82,562 | $750,000 |
| Asian | 182 | $34,742,000 | $199,200 | $1,278,000 | $97,200 | $470,000 |
| Black or African American | 73 | $10,367,000 | $137,500 | $400,000 | $81,833 | $202,000 |
| Hispanic | 47 | $8,345,000 | $171,333 | $620,000 | $90,500 | $298,000 |
| American Indian or Alaskan Native | 11 | $2,172,000 | $221,000 | $440,000 | $83,500 | $300,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $333,000 | $166,000 | $185,000 | $58,000 | $64,000 |
| Not applicable | 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) | 2,670 | $482,257,000 | $171,083 | $1,500,000 | $86,708 | $1,282,000 |
| FHA-insured (Federal Housing Administration) | 23 | $2,998,000 | $143,666 | $205,000 | $67,666 | $114,000 |
| VA-guaranteed (Veterans Administration) | 4 | $583,000 | $145,000 | $241,000 | $53,000 | $55,000 |
| 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 | 2,598 | $469,471,000 | $174,666 | $1,500,000 | $90,041 | $1,282,000 |
| Application Withdrawn By Applicant | 66 | $10,792,000 | $161,375 | $479,000 | $71,625 | $206,000 |
| Application Denied By Financial Institution | 20 | $2,813,000 | $120,250 | $338,000 | $38,000 | $79,000 |
| Application Approved But Not Accepted | 12 | $2,580,000 | $280,000 | $960,000 | $83,000 | $230,000 |
| File Closed For Incompleteness | 1 | $182,000 | $182,000 | $182,000 | $36,000 | $36,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 8 | $1,380,000 | $172,000 | $338,000 | $36,000 | $79,000 |
| Debt-To-Income Ratio | 7 | $739,000 | $102,666 | $162,000 | $36,333 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $542,000 | $135,000 | $208,000 | $31,000 | $56,000 |
| Other | 1 | $152,000 | $152,000 | $152,000 | $50,000 | $50,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equity Services, Inc.'s 2005 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.
For a list of all lenders in North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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