First American Bank Mortgage Lending & HMDA Data, 2021
In 2021, First American Bank of Artesia, NM reported 876 mortgage applications totaling $187.3 million, down 24% from 2020. The average application was for $213,824, and applicants reported an average income of $103,563. 74% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Las Cruces, NM (362), Albuquerque, NM (76) and El Paso, TX (9) (applications in parentheses).
| Mortgage Company & Address | First American Bank 303 W Main St Artesia, NM 88210 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 876 |
| Total Mortgage Loan Application Amount | $187,310,000 |
| Average Mortgage Loan Application Amount | $213,824 |
| Highest Mortgage Loan Application Amount | $9,205,000 |
| Average Applicant Income | $103,563 |
| Highest Applicant Income | $1,442,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First American Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 387 | $ 75,195,000 | $ 194,302 | $ 104,746 |
| Las Cruces, NM | 362 | $ 70,770,000 | $ 195,497 | $ 89,000 |
| Albuquerque, NM | 76 | $ 17,440,000 | $ 229,473 | $ 108,000 |
| El Paso, TX | 9 | $ 11,605,000 | $ 1,289,444 | $ 192,000 |
| Tucson, AZ | 6 | $ 1,380,000 | $ 230,000 | $ 204,000 |
| Lubbock, TX | 4 | $ 1,170,000 | $ 292,500 | $ 299,000 |
| Santa Fe, NM | 4 | $ 1,320,000 | $ 330,000 | $ 391,000 |
| Denver-Aurora-Lakewood, CO | 3 | $ 1,425,000 | $ 475,000 | $ 95,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 1,300,000 | $ 650,000 | $ 308,000 |
| Daphne-Fairhope-Foley, AL | 2 | $ 510,000 | $ 255,000 | $ 105,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 260,000 | $ 130,000 | $ 95,000 |
| Amarillo, TX | 1 | $ 205,000 | $ 205,000 | $ 193,000 |
| Dallas-Plano-Irving, TX | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Fayetteville, NC | 1 | $ 65,000 | $ 65,000 | $ 76,000 |
| Fort Worth-Arlington, TX | 1 | $ 175,000 | $ 175,000 | $ 63,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 315,000 | $ 315,000 | $ 121,000 |
| Jacksonville, FL | 1 | $ 145,000 | $ 145,000 | $ 106,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 265,000 | $ 265,000 | $ 54,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 405,000 | $ 405,000 | $ 180,000 |
| Midland, TX | 1 | $ 235,000 | $ 235,000 | $ 138,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 115,000 | $ 115,000 | $ 43,000 |
| Ogden-Clearfield, UT | 1 | $ 135,000 | $ 135,000 | $ 47,000 |
| Peoria, IL | 1 | $ 265,000 | $ 265,000 | $ 213,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 415,000 | $ 415,000 | $ 85,000 |
| Providence-Warwick, RI-MA | 1 | $ 125,000 | $ 125,000 | $ 98,000 |
| San Angelo, TX | 1 | $ 285,000 | $ 285,000 | $ 0 |
| San Antonio-New Braunfels, TX | 1 | $ 165,000 | $ 165,000 | $ 144,000 |
| San Diego-Carlsbad, CA | 1 | $ 855,000 | $ 855,000 | $ 315,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 165,000 | $ 165,000 | $ 126,000 |
| Worcester, MA-CT | 1 | $ 385,000 | $ 385,000 | $ 300,000 |
Mortgage Loan Application Detail Totals for First American Bank in 2021
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 | 524 | $108,710,000 | $207,000 | $1,165,000 | $93,000 | $1,019,000 |
| Refinancing | 186 | $46,940,000 | $252,000 | $9,205,000 | $126,000 | $1,442,000 |
| Cash-out Refinancing | 154 | $30,070,000 | $195,000 | $855,000 | $113,000 | $660,000 |
| Home Improvement | 12 | $1,590,000 | $132,000 | $355,000 | $96,000 | $234,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 410 | $72,560,000 | $176,000 | $855,000 | $78,000 | $569,000 |
| White | 396 | $87,400,000 | $220,000 | $1,165,000 | $126,000 | $1,442,000 |
| Not applicable | 37 | $19,485,000 | $526,000 | $9,205,000 | $0 | $0 |
| Black or African American | 13 | $3,205,000 | $246,000 | $385,000 | $105,000 | $300,000 |
| Asian | 11 | $2,615,000 | $237,000 | $545,000 | $221,000 | $855,000 |
| Not Provided | 6 | $1,010,000 | $168,000 | $285,000 | $115,000 | $167,000 |
| American Indian or Alaskan Native | 2 | $510,000 | $255,000 | $295,000 | $127,000 | $166,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $525,000 | $525,000 | $525,000 | $189,000 | $189,000 |
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) | 649 | $141,265,000 | $217,000 | $9,205,000 | $118,000 | $1,442,000 |
| FHA-insured (Federal Housing Administration) | 175 | $34,405,000 | $196,000 | $365,000 | $63,000 | $311,000 |
| VA-guaranteed (Veterans Administration) | 27 | $7,185,000 | $266,000 | $515,000 | $87,000 | $168,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 25 | $4,455,000 | $178,000 | $285,000 | $51,000 | $83,000 |
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 |
|---|---|---|---|---|---|---|
| Loan Originated | 645 | $141,585,000 | $219,000 | $9,205,000 | $105,000 | $1,442,000 |
| Application Withdrawn By Applicant | 108 | $23,760,000 | $220,000 | $1,165,000 | $111,000 | $643,000 |
| Application Denied By Financial Institution | 77 | $12,425,000 | $161,000 | $485,000 | $65,000 | $643,000 |
| Application Approved But Not Accepted | 38 | $6,820,000 | $179,000 | $405,000 | $128,000 | $569,000 |
| File Closed For Incompleteness | 8 | $2,720,000 | $340,000 | $825,000 | $117,000 | $333,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 799 | $174,885,000 | $218,000 | $9,205,000 | $107,000 | $1,442,000 |
| Credit History | 21 | $3,625,000 | $172,000 | $355,000 | $93,000 | $643,000 |
| Debt-To-Income Ratio | 21 | $3,295,000 | $156,000 | $405,000 | $42,000 | $163,000 |
| Collateral | 15 | $2,445,000 | $163,000 | $245,000 | $81,000 | $220,000 |
| Employment History | 7 | $1,105,000 | $157,000 | $485,000 | $44,000 | $82,000 |
| Unverifiable Information | 7 | $1,135,000 | $162,000 | $235,000 | $49,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $385,000 | $128,000 | $175,000 | $47,000 | $74,000 |
| Other | 3 | $435,000 | $145,000 | $175,000 | $51,000 | $59,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First American Bank's 2021 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 American 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.
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with aggregated HMDA statistics today.
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