First Advantage Bank Mortgage Lending & HMDA Data, 2020
In 2020, First Advantage Bank of Clarksville, TN reported 1,903 mortgage applications totaling $153.5 million, down 72% from 2019. The average application was for $80,685, and applicants reported an average income of $61,980. 16% of its applications resulted in an originated loan and 63% were denied. Its largest markets were Clarksville, TN-KY (85) and Nashville-Davidson--Murfreesboro--Franklin, TN (50).
| Mortgage Company & Address | First Advantage Bank 1430 Madison Street Clarksville, TN 37040 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 1,903 |
| Total Mortgage Loan Application Amount | $153,545,000 |
| Average Mortgage Loan Application Amount | $80,685 |
| Highest Mortgage Loan Application Amount | $625,000 |
| Average Applicant Income | $61,980 |
| Highest Applicant Income | $1,075,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Advantage Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Advantage Bank in 2020
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 | 1,847 | $139,255,000 | $75,000 | $625,000 | $60,000 | $407,000 |
| Refinancing | 43 | $11,685,000 | $271,000 | $615,000 | $110,000 | $348,000 |
| Cash-out Refinancing | 12 | $2,540,000 | $211,000 | $425,000 | $199,000 | $1,075,000 |
| Other Purpose | 1 | $65,000 | $65,000 | $65,000 | $10,000 | $10,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 1,024 | $91,570,000 | $89,000 | $625,000 | $69,000 | $1,075,000 |
| Black or African American | 495 | $32,055,000 | $64,000 | $315,000 | $45,000 | $182,000 |
| Hispanic | 250 | $17,680,000 | $70,000 | $305,000 | $62,000 | $350,000 |
| Not Provided | 111 | $9,905,000 | $89,000 | $485,000 | $69,000 | $352,000 |
| American Indian or Alaskan Native | 15 | $1,165,000 | $77,000 | $115,000 | $66,000 | $145,000 |
| Asian | 5 | $505,000 | $101,000 | $185,000 | $116,000 | $390,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 1,849 | $140,565,000 | $76,000 | $615,000 | $62,000 | $1,075,000 |
| VA-guaranteed (Veterans Administration) | 37 | $10,015,000 | $270,000 | $625,000 | $94,000 | $253,000 |
| FHA-insured (Federal Housing Administration) | 15 | $2,595,000 | $173,000 | $335,000 | $58,000 | $156,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $370,000 | $185,000 | $205,000 | $68,000 | $70,000 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 1,193 | $87,015,000 | $72,000 | $255,000 | $41,000 | $123,000 |
| Application Approved But Not Accepted | 389 | $24,555,000 | $63,000 | $205,000 | $63,000 | $390,000 |
| Loan Originated | 302 | $36,800,000 | $121,000 | $625,000 | $68,000 | $407,000 |
| Application Withdrawn By Applicant | 19 | $5,175,000 | $272,000 | $615,000 | $148,000 | $1,075,000 |
| 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 | 1,014 | $72,980,000 | $71,000 | $255,000 | $0 | $0 |
| Not applicable | 710 | $66,530,000 | $93,000 | $625,000 | $68,000 | $1,075,000 |
| Debt-To-Income Ratio | 118 | $9,340,000 | $79,000 | $245,000 | $41,000 | $123,000 |
| Other | 29 | $2,565,000 | $88,000 | $255,000 | $72,000 | $79,000 |
| Collateral | 13 | $975,000 | $75,000 | $165,000 | $30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $655,000 | $59,000 | $115,000 | $0 | $0 |
| Employment History | 5 | $305,000 | $61,000 | $75,000 | $29,000 | $29,000 |
| Unverifiable Information | 3 | $195,000 | $65,000 | $85,000 | $50,000 | $50,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Advantage Bank's 2020 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 Advantage 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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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