Equity Services, Inc. Mortgage Lending & HMDA Data, 2006
In 2006, Equity Services, Inc. of Raleigh, NC reported 2,947 mortgage applications totaling $536.4 million, up 9% from 2005. The average application was for $182,017, and applicants reported an average income of $108,654. 98% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Raleigh-Cary, NC (974), Wilmington, NC (269) and Durham, NC (256) (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 | 2,947 |
| Total Mortgage Loan Application Amount | $536,405,000 |
| Average Mortgage Loan Application Amount | $182,017 |
| Highest Mortgage Loan Application Amount | $2,526,000 |
| Average Applicant Income | $108,654 |
| Highest Applicant Income | $1,300,000 |
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(HMDA) records Equity Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 974 | $ 181,854,000 | $ 186,708 | $ 110,000 |
| Wilmington, NC | 269 | $ 47,690,000 | $ 177,286 | $ 109,000 |
| Durham, NC | 256 | $ 41,883,000 | $ 163,605 | $ 101,000 |
| Kingsport-Bristol-Bristol, TN-VA | 254 | $ 33,200,000 | $ 130,708 | $ 71,775 |
| Charlotte-Gastonia-Concord, NC-SC | 132 | $ 20,190,000 | $ 152,954 | $ 96,568 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 53 | $ 13,811,000 | $ 260,584 | $ 139,867 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 51 | $ 10,211,000 | $ 200,215 | $ 142,000 |
| Greensboro-High Point, NC | 34 | $ 6,448,000 | $ 189,647 | $ 88,000 |
| Asheville, NC | 28 | $ 4,840,000 | $ 172,857 | $ 140,000 |
| Winston-Salem, NC | 22 | $ 3,520,000 | $ 160,000 | $ 116,000 |
| Richmond, VA | 21 | $ 6,032,000 | $ 287,238 | $ 159,000 |
| Atlanta-Sandy Springs-Marietta, GA | 19 | $ 4,492,000 | $ 236,421 | $ 193,000 |
| Greenville, NC | 18 | $ 2,285,000 | $ 126,944 | $ 96,000 |
| Hickory-Lenoir-Morganton, NC | 17 | $ 2,645,000 | $ 155,588 | $ 97,000 |
| Rocky Mount, NC | 16 | $ 2,658,000 | $ 166,125 | $ 112,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 15 | $ 4,091,000 | $ 272,733 | $ 150,000 |
| Orlando-Kissimmee, FL | 15 | $ 3,374,000 | $ 224,933 | $ 96,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 13 | $ 4,967,000 | $ 382,076 | $ 147,076 |
| Greenville, SC | 12 | $ 2,640,000 | $ 220,000 | $ 166,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 11 | $ 2,018,000 | $ 183,454 | $ 99,000 |
| Burlington, NC | 10 | $ 1,351,000 | $ 135,100 | $ 97,000 |
| Jacksonville, FL | 9 | $ 1,892,000 | $ 210,222 | $ 112,000 |
| Miami-Miami Beach-Kendall, FL | 9 | $ 2,168,000 | $ 240,888 | $ 149,000 |
| Charleston-North Charleston, SC | 8 | $ 3,591,000 | $ 448,875 | $ 194,000 |
| New Orleans-Metairie-Kenner, LA | 8 | $ 1,377,000 | $ 172,125 | $ 82,000 |
| Johnson City, TN | 7 | $ 1,119,000 | $ 159,857 | $ 91,000 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 1,304,000 | $ 186,285 | $ 118,000 |
| Baton Rouge, LA | 5 | $ 768,000 | $ 153,600 | $ 104,000 |
| Fayetteville, NC | 5 | $ 503,000 | $ 100,600 | $ 67,000 |
| Goldsboro, NC | 5 | $ 758,000 | $ 151,600 | $ 45,000 |
| Lynchburg, VA | 5 | $ 768,000 | $ 153,600 | $ 338,000 |
| Nassau-Suffolk, NY | 5 | $ 1,849,000 | $ 369,800 | $ 134,000 |
| Roanoke, VA | 5 | $ 873,000 | $ 174,600 | $ 90,000 |
| Baltimore-Towson, MD | 4 | $ 795,000 | $ 198,750 | $ 65,000 |
| Charlottesville, VA | 4 | $ 726,000 | $ 181,500 | $ 199,000 |
| Harrisburg-Carlisle, PA | 4 | $ 159,000 | $ 39,750 | $ 35,000 |
| Jacksonville, NC | 4 | $ 438,000 | $ 109,500 | $ 54,000 |
| Little Rock-North Little Rock, AR | 4 | $ 1,010,000 | $ 252,500 | $ 187,000 |
| Anderson, SC | 3 | $ 554,000 | $ 184,666 | $ 138,000 |
| Charleston, WV | 3 | $ 485,000 | $ 161,666 | $ 132,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 415,000 | $ 138,333 | $ 254,000 |
| Sarasota-Bradenton-Venice, FL | 3 | $ 2,530,000 | $ 843,333 | $ 227,000 |
| Albany-Schenectady-Troy, NY | 2 | $ 176,000 | $ 88,000 | $ 205,000 |
| Austin-Round Rock, TX | 2 | $ 137,000 | $ 68,500 | $ 44,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 217,000 | $ 108,500 | $ 48,000 |
| Buffalo-Niagara Falls, NY | 2 | $ 130,000 | $ 65,000 | $ 67,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 206,000 | $ 103,000 | $ 63,000 |
| Columbia, SC | 2 | $ 373,000 | $ 186,500 | $ 107,000 |
| Harrisonburg, VA | 2 | $ 184,000 | $ 92,000 | $ 130,000 |
| Knoxville, TN | 2 | $ 362,000 | $ 181,000 | $ 52,000 |
| Louisville-Jefferson County, KY-IN | 2 | $ 238,000 | $ 119,000 | $ 49,000 |
| Madera, CA | 2 | $ 431,000 | $ 215,500 | $ 85,000 |
| Monroe, LA | 2 | $ 224,000 | $ 112,000 | $ 95,000 |
| Nashville-Davidson--Murfreesboro, TN | 2 | $ 358,000 | $ 179,000 | $ 114,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 429,000 | $ 214,500 | $ 65,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 203,000 | $ 101,500 | $ 50,000 |
| Spartanburg, SC | 2 | $ 239,000 | $ 119,500 | $ 88,000 |
| State College, PA | 2 | $ 153,000 | $ 76,500 | $ 189,000 |
| Wilmington, DE-MD-NJ | 2 | $ 221,000 | $ 110,500 | $ 69,000 |
| Albuquerque, NM | 1 | $ 58,000 | $ 58,000 | $ 27,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 132,000 | $ 132,000 | $ 76,000 |
| Bethesda-Gaithersburg-Frederick, MD | 1 | $ 276,000 | $ 276,000 | $ 87,000 |
| Boulder, CO | 1 | $ 188,000 | $ 188,000 | $ 0 |
| Bowling Green, KY | 1 | $ 76,000 | $ 76,000 | $ 120,000 |
| Casper, WY | 1 | $ 78,000 | $ 78,000 | $ 96,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 88,000 | $ 88,000 | $ 60,000 |
| Dallas-Plano-Irving, TX | 1 | $ 307,000 | $ 307,000 | $ 100,000 |
| Flint, MI | 1 | $ 50,000 | $ 50,000 | $ 94,000 |
| Florence, SC | 1 | $ 97,000 | $ 97,000 | $ 21,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 535,000 | $ 535,000 | $ 297,000 |
| Gainesville, GA | 1 | $ 310,000 | $ 310,000 | $ 273,000 |
| Gulfport-Biloxi, MS | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 131,000 | $ 131,000 | $ 34,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 267,000 | $ 267,000 | $ 111,000 |
| Hot Springs, AR | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Lexington-Fayette, KY | 1 | $ 500,000 | $ 500,000 | $ 264,000 |
| Memphis, TN-MS-AR | 1 | $ 57,000 | $ 57,000 | $ 0 |
| Morristown, TN | 1 | $ 155,000 | $ 155,000 | $ 41,000 |
| New York-White Plains-Wayne, NY-NJ | 1 | $ 20,000 | $ 20,000 | $ 78,000 |
| Newark-Union, NJ-PA | 1 | $ 530,000 | $ 530,000 | $ 0 |
| Ocala, FL | 1 | $ 80,000 | $ 80,000 | $ 32,000 |
| San Antonio, TX | 1 | $ 107,000 | $ 107,000 | $ 131,000 |
| Savannah, GA | 1 | $ 638,000 | $ 638,000 | $ 225,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 417,000 | $ 417,000 | $ 137,000 |
| Shreveport-Bossier City, LA | 1 | $ 210,000 | $ 210,000 | $ 100,000 |
| Syracuse, NY | 1 | $ 221,000 | $ 221,000 | $ 90,000 |
| Trenton-Ewing, NJ | 1 | $ 50,000 | $ 50,000 | $ 68,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 106,000 | $ 106,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Equity Services, Inc. in 2006
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 | 1,836 | $313,975,000 | $171,000 | $1,500,000 | $103,000 | $1,300,000 |
| Refinancing | 1,111 | $222,430,000 | $200,000 | $2,526,000 | $118,000 | $1,112,000 |
| 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 | 2,446 | $447,734,000 | $183,000 | $2,526,000 | $112,000 | $1,300,000 |
| Asian | 189 | $35,580,000 | $188,000 | $1,348,000 | $93,000 | $523,000 |
| Not applicable | 134 | $21,715,000 | $162,000 | $1,500,000 | $92,000 | $1,068,000 |
| Black or African American | 83 | $12,365,000 | $148,000 | $762,000 | $80,000 | $360,000 |
| Hispanic | 45 | $9,341,000 | $207,000 | $639,000 | $127,000 | $456,000 |
| Not Provided | 42 | $8,166,000 | $194,000 | $807,000 | $74,000 | $276,000 |
| American Indian or Alaskan Native | 6 | $1,260,000 | $210,000 | $400,000 | $155,000 | $229,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $244,000 | $122,000 | $144,000 | $28,000 | $36,000 |
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) | 2,937 | $534,660,000 | $182,000 | $2,526,000 | $109,000 | $1,300,000 |
| FHA-insured (Federal Housing Administration) | 6 | $820,000 | $136,000 | $173,000 | $58,000 | $76,000 |
| VA-guaranteed (Veterans Administration) | 4 | $925,000 | $231,000 | $374,000 | $73,000 | $101,000 |
| 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 | 2,889 | $526,816,000 | $182,000 | $2,526,000 | $110,000 | $1,300,000 |
| Application Withdrawn By Applicant | 54 | $8,994,000 | $166,000 | $415,000 | $48,000 | $217,000 |
| Application Approved But Not Accepted | 2 | $207,000 | $103,000 | $157,000 | $57,000 | $103,000 |
| Application Denied By Financial Institution | 1 | $178,000 | $178,000 | $178,000 | $112,000 | $112,000 |
| Loan Purchased By The Institution | 1 | $210,000 | $210,000 | $210,000 | $76,000 | $76,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 1 | $178,000 | $178,000 | $178,000 | $112,000 | $112,000 |
| 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 2006 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
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