First Choice Funding, Inc.
HMDA Loan Application Totals
and Mortgage Lending Details
for 2008
First Choice Funding, Inc. 2008 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | First Choice Funding, Inc. 2100 Riverchase Center Ste 100 Birmingham, AL 35244 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 870 |
| Total Mortgage Loan Application Amount | $123,859,000 |
| Average Mortgage Loan Application Amount | $141,000 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $59,500 |
| Highest Applicant Income | $451,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2008 with First Choice Funding, Inc.. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing First Choice Funding, Inc.'s lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2008 breaks down First Choice Funding, Inc.'s mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how First Choice Funding, Inc. serves its applicants.
Each category highlights the total number of mortgage applications processed by First Choice Funding, Inc., total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at First Choice Funding, Inc.'s mortgage activity for 2008.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Mobile County Alabama | 49 | $ 6,558,000 | $ 133,000 | $ 54,000 |
| Guilford County North Carolina | 44 | $ 6,018,000 | $ 136,000 | $ 49,000 |
| St. Louis County Missouri | 38 | $ 4,656,000 | $ 122,000 | $ 50,000 |
| Jefferson County Alabama | 32 | $ 3,867,000 | $ 120,000 | $ 64,000 |
| Mecklenburg County North Carolina | 32 | $ 5,675,000 | $ 177,000 | $ 73,000 |
| Wake County North Carolina | 25 | $ 4,220,000 | $ 168,000 | $ 72,000 |
| Hamilton County Tennessee | 22 | $ 2,919,000 | $ 132,000 | $ 42,000 |
| Madison County Alabama | 21 | $ 2,913,000 | $ 138,000 | $ 57,000 |
| St. Louis City County Missouri | 19 | $ 2,331,000 | $ 122,000 | $ 57,000 |
| Jefferson County Louisiana | 15 | $ 2,269,000 | $ 151,000 | $ 67,000 |
| Union County North Carolina | 15 | $ 2,825,000 | $ 188,000 | $ 71,000 |
| Catawba County North Carolina | 14 | $ 1,448,000 | $ 103,000 | $ 37,000 |
| Jefferson County Kentucky | 13 | $ 1,398,000 | $ 107,000 | $ 53,000 |
| Davidson County North Carolina | 13 | $ 1,709,000 | $ 131,000 | $ 67,000 |
| Gaston County North Carolina | 12 | $ 1,652,000 | $ 137,000 | $ 55,000 |
| Gwinnett County Georgia | 11 | $ 2,522,000 | $ 229,000 | $ 79,000 |
| Muscogee County Georgia | 11 | $ 1,328,000 | $ 120,000 | $ 49,000 |
| Shelby County Alabama | 10 | $ 1,880,000 | $ 188,000 | $ 75,000 |
| Clayton County Georgia | 10 | $ 1,114,000 | $ 111,000 | $ 48,000 |
| Cobb County Georgia | 10 | $ 1,842,000 | $ 184,000 | $ 82,000 |
| Orleans County Louisiana | 10 | $ 2,056,000 | $ 205,000 | $ 76,000 |
| Cabarrus County North Carolina | 10 | $ 1,494,000 | $ 149,000 | $ 67,000 |
| Durham County North Carolina | 10 | $ 1,538,000 | $ 153,000 | $ 57,000 |
| Davidson County Tennessee | 10 | $ 1,520,000 | $ 152,000 | $ 51,000 |
| Forsyth County North Carolina | 9 | $ 1,095,000 | $ 121,000 | $ 89,000 |
| Randolph County North Carolina | 9 | $ 1,064,000 | $ 118,000 | $ 53,000 |
| Walker County Georgia | 8 | $ 877,000 | $ 109,000 | $ 46,000 |
| Stanly County North Carolina | 8 | $ 988,000 | $ 123,000 | $ 60,000 |
| Carroll County Georgia | 7 | $ 866,000 | $ 123,000 | $ 46,000 |
| New Hanover County North Carolina | 7 | $ 1,204,000 | $ 172,000 | $ 61,000 |
| Rowan County North Carolina | 7 | $ 935,000 | $ 133,000 | $ 52,000 |
| Lee County Alabama | 6 | $ 769,000 | $ 128,000 | $ 59,000 |
| Morgan County Alabama | 6 | $ 524,000 | $ 87,000 | $ 43,000 |
| Orange County Florida | 6 | $ 1,192,000 | $ 198,000 | $ 96,000 |
| George County Mississippi | 6 | $ 598,000 | $ 99,000 | $ 43,000 |
| Hinds County Mississippi | 6 | $ 789,000 | $ 131,000 | $ 48,000 |
| Burke County North Carolina | 6 | $ 831,000 | $ 138,000 | $ 64,000 |
| Cumberland County North Carolina | 6 | $ 677,000 | $ 112,000 | $ 52,000 |
| Henderson County North Carolina | 6 | $ 1,075,000 | $ 179,000 | $ 63,000 |
| Baldwin County Alabama | 5 | $ 940,000 | $ 188,000 | $ 127,000 |
| Hillsborough County Florida | 5 | $ 824,000 | $ 164,000 | $ 53,000 |
| St. Lucie County Florida | 5 | $ 727,000 | $ 145,000 | $ 67,000 |
| Catoosa County Georgia | 5 | $ 745,000 | $ 149,000 | $ 62,000 |
| Alamance County North Carolina | 5 | $ 583,000 | $ 116,000 | $ 67,000 |
| Caldwell County North Carolina | 5 | $ 489,000 | $ 97,000 | $ 45,000 |
| Shelby County Tennessee | 5 | $ 626,000 | $ 125,000 | $ 57,000 |
| Calhoun County Alabama | 4 | $ 647,000 | $ 161,000 | $ 52,000 |
| Duval County Florida | 4 | $ 503,000 | $ 125,000 | $ 58,000 |
| Polk County Florida | 4 | $ 467,000 | $ 116,000 | $ 46,000 |
| DeKalb County Georgia | 4 | $ 575,000 | $ 143,000 | $ 70,000 |
| Fulton County Georgia | 4 | $ 409,000 | $ 102,000 | $ 37,000 |
| St. Clair County Illinois | 4 | $ 460,000 | $ 115,000 | $ 56,000 |
| Cleveland County North Carolina | 4 | $ 445,000 | $ 111,000 | $ 45,000 |
| Iredell County North Carolina | 4 | $ 584,000 | $ 146,000 | $ 55,000 |
| Johnston County North Carolina | 4 | $ 549,000 | $ 137,000 | $ 79,000 |
| Lincoln County North Carolina | 4 | $ 367,000 | $ 91,000 | $ 56,000 |
| Williamson County Tennessee | 4 | $ 806,000 | $ 201,000 | $ 64,000 |
| Cleburne County Alabama | 3 | $ 414,000 | $ 138,000 | $ 75,000 |
| St. Clair County Alabama | 3 | $ 517,000 | $ 172,000 | $ 128,000 |
| Brevard County Florida | 3 | $ 314,000 | $ 104,000 | $ 34,000 |
| Pasco County Florida | 3 | $ 465,000 | $ 155,000 | $ 71,000 |
| Pinellas County Florida | 3 | $ 298,000 | $ 99,000 | $ 28,000 |
| Cherokee County Georgia | 3 | $ 524,000 | $ 174,000 | $ 78,000 |
| Fayette County Georgia | 3 | $ 572,000 | $ 190,000 | $ 71,000 |
| Paulding County Georgia | 3 | $ 440,000 | $ 146,000 | $ 52,000 |
| Whitfield County Georgia | 3 | $ 439,000 | $ 146,000 | $ 33,000 |
| Madison County Illinois | 3 | $ 424,000 | $ 141,000 | $ 76,000 |
| East Baton Rouge County Louisiana | 3 | $ 414,000 | $ 138,000 | $ 85,000 |
| Lafayette County Louisiana | 3 | $ 376,000 | $ 125,000 | $ 27,000 |
| Livingston County Louisiana | 3 | $ 654,000 | $ 218,000 | $ 105,000 |
| Tippah County Mississippi | 3 | $ 302,000 | $ 100,000 | $ 54,000 |
| Jackson County North Carolina | 3 | $ 693,000 | $ 231,000 | $ 101,000 |
| Macon County North Carolina | 3 | $ 495,000 | $ 165,000 | $ 76,000 |
| Onslow County North Carolina | 3 | $ 404,000 | $ 134,000 | $ 61,000 |
| Person County North Carolina | 3 | $ 443,000 | $ 147,000 | $ 68,000 |
| Rockingham County North Carolina | 3 | $ 490,000 | $ 163,000 | $ 72,000 |
| Wayne County North Carolina | 3 | $ 388,000 | $ 129,000 | $ 46,000 |
| Greenville County South Carolina | 3 | $ 474,000 | $ 158,000 | $ 55,000 |
| Lexington County South Carolina | 3 | $ 383,000 | $ 127,000 | $ 46,000 |
| Richland County South Carolina | 3 | $ 469,000 | $ 156,000 | $ 75,000 |
| York County South Carolina | 3 | $ 523,000 | $ 174,000 | $ 68,000 |
| Giles County Tennessee | 3 | $ 334,000 | $ 111,000 | $ 53,000 |
| Lauderdale County Tennessee | 3 | $ 258,000 | $ 86,000 | $ 42,000 |
| Sumner County Tennessee | 3 | $ 333,000 | $ 111,000 | $ 42,000 |
| Colbert County Alabama | 2 | $ 172,000 | $ 86,000 | $ 6,000 |
| Limestone County Alabama | 2 | $ 242,000 | $ 121,000 | $ 35,000 |
| Russell County Alabama | 2 | $ 152,000 | $ 76,000 | $ 54,000 |
| Talladega County Alabama | 2 | $ 153,000 | $ 76,000 | $ 31,000 |
| Bay County Florida | 2 | $ 361,000 | $ 180,000 | $ 74,000 |
| Broward County Florida | 2 | $ 640,000 | $ 320,000 | $ 103,000 |
| Escambia County Florida | 2 | $ 177,000 | $ 88,000 | $ 50,000 |
| Chatham County Georgia | 2 | $ 232,000 | $ 116,000 | $ 44,000 |
| Troup County Georgia | 2 | $ 360,000 | $ 180,000 | $ 68,000 |
| Bullitt County Kentucky | 2 | $ 254,000 | $ 127,000 | $ 57,000 |
| Bossier County Louisiana | 2 | $ 183,000 | $ 91,000 | $ 44,000 |
| Caddo County Louisiana | 2 | $ 362,000 | $ 181,000 | $ 99,000 |
| St. Tammany County Louisiana | 2 | $ 273,000 | $ 136,000 | $ 91,000 |
| Alcorn County Mississippi | 2 | $ 226,000 | $ 113,000 | $ 74,000 |
| DeSoto County Mississippi | 2 | $ 436,000 | $ 218,000 | $ 84,000 |
| Jackson County Mississippi | 2 | $ 174,000 | $ 87,000 | $ 54,000 |
| Jones County Mississippi | 2 | $ 134,000 | $ 67,000 | $ 9,000 |
| Lincoln County Mississippi | 2 | $ 248,000 | $ 124,000 | $ 45,000 |
| Prentiss County Mississippi | 2 | $ 191,000 | $ 95,000 | $ 30,000 |
| Rankin County Mississippi | 2 | $ 650,000 | $ 325,000 | $ 84,000 |
| Franklin County Missouri | 2 | $ 486,000 | $ 243,000 | $ 106,000 |
| Greene County Missouri | 2 | $ 224,000 | $ 112,000 | $ 43,000 |
| Jackson County Missouri | 2 | $ 191,000 | $ 95,000 | $ 53,000 |
| St. Charles County Missouri | 2 | $ 333,000 | $ 166,000 | $ 23,000 |
| Granville County North Carolina | 2 | $ 381,000 | $ 190,000 | $ 61,000 |
| Montgomery County North Carolina | 2 | $ 114,000 | $ 57,000 | $ 17,000 |
| Stokes County North Carolina | 2 | $ 374,000 | $ 187,000 | $ 69,000 |
| Lancaster County South Carolina | 2 | $ 562,000 | $ 281,000 | $ 82,000 |
| Rutherford County Tennessee | 2 | $ 241,000 | $ 120,000 | $ 33,000 |
| Blount County Alabama | 1 | $ 49,000 | $ 49,000 | $ 72,000 |
| Cherokee County Alabama | 1 | $ 104,000 | $ 104,000 | $ 45,000 |
| Clarke County Alabama | 1 | $ 203,000 | $ 203,000 | $ 69,000 |
| Cullman County Alabama | 1 | $ 67,000 | $ 67,000 | $ 53,000 |
| Elmore County Alabama | 1 | $ 130,000 | $ 130,000 | $ 71,000 |
| Escambia County Alabama | 1 | $ 140,000 | $ 140,000 | $ 39,000 |
| Henry County Alabama | 1 | $ 72,000 | $ 72,000 | $ 37,000 |
| Houston County Alabama | 1 | $ 45,000 | $ 45,000 | $ 123,000 |
| Montgomery County Alabama | 1 | $ 141,000 | $ 141,000 | $ 43,000 |
| Tuscaloosa County Alabama | 1 | $ 159,000 | $ 159,000 | $ 56,000 |
| Washington County Alabama | 1 | $ 141,000 | $ 141,000 | $ 63,000 |
| Lake County Florida | 1 | $ 228,000 | $ 228,000 | $ 66,000 |
| Leon County Florida | 1 | $ 207,000 | $ 207,000 | $ 51,000 |
| Miami-Dade County Florida | 1 | $ 144,000 | $ 144,000 | $ 40,000 |
| Santa Rosa County Florida | 1 | $ 155,000 | $ 155,000 | $ 50,000 |
| St. Johns County Florida | 1 | $ 272,000 | $ 272,000 | $ 113,000 |
| Sumter County Florida | 1 | $ 135,000 | $ 135,000 | $ 34,000 |
| Barrow County Georgia | 1 | $ 115,000 | $ 115,000 | $ 46,000 |
| Coweta County Georgia | 1 | $ 201,000 | $ 201,000 | $ 92,000 |
| Franklin County Georgia | 1 | $ 102,000 | $ 102,000 | $ 44,000 |
| Hall County Georgia | 1 | $ 137,000 | $ 137,000 | $ 68,000 |
| Henry County Georgia | 1 | $ 123,000 | $ 123,000 | $ 45,000 |
| Houston County Georgia | 1 | $ 121,000 | $ 121,000 | $ 42,000 |
| Murray County Georgia | 1 | $ 366,000 | $ 366,000 | $ 451,000 |
| Newton County Georgia | 1 | $ 187,000 | $ 187,000 | $ 51,000 |
| Pickens County Georgia | 1 | $ 365,000 | $ 365,000 | $ 135,000 |
| Putnam County Georgia | 1 | $ 553,000 | $ 553,000 | $ 158,000 |
| DuPage County Illinois | 1 | $ 194,000 | $ 194,000 | $ 116,000 |
| Monroe County Illinois | 1 | $ 234,000 | $ 234,000 | $ 198,000 |
| Hardin County Kentucky | 1 | $ 143,000 | $ 143,000 | $ 39,000 |
| Assumption County Louisiana | 1 | $ 106,000 | $ 106,000 | $ 72,000 |
| Morehouse County Louisiana | 1 | $ 174,000 | $ 174,000 | $ 75,000 |
| Rapides County Louisiana | 1 | $ 100,000 | $ 100,000 | $ 10,000 |
| St. Bernard County Louisiana | 1 | $ 112,000 | $ 112,000 | $ 45,000 |
| St. James County Louisiana | 1 | $ 63,000 | $ 63,000 | $ 51,000 |
| Tangipahoa County Louisiana | 1 | $ 60,000 | $ 60,000 | $ 57,000 |
| Terrebonne County Louisiana | 1 | $ 175,000 | $ 175,000 | $ 96,000 |
| Washington County Louisiana | 1 | $ 188,000 | $ 188,000 | $ 61,000 |
| Benton County Mississippi | 1 | $ 98,000 | $ 98,000 | $ 31,000 |
| Hancock County Mississippi | 1 | $ 108,000 | $ 108,000 | $ 53,000 |
| Lauderdale County Mississippi | 1 | $ 63,000 | $ 63,000 | $ 46,000 |
| Lawrence County Mississippi | 1 | $ 62,000 | $ 62,000 | $ 43,000 |
| Leake County Mississippi | 1 | $ 76,000 | $ 76,000 | $ 33,000 |
| Madison County Mississippi | 1 | $ 140,000 | $ 140,000 | $ 70,000 |
| Newton County Mississippi | 1 | $ 230,000 | $ 230,000 | $ 44,000 |
| Pontotoc County Mississippi | 1 | $ 143,000 | $ 143,000 | $ 62,000 |
| Scott County Mississippi | 1 | $ 75,000 | $ 75,000 | $ 42,000 |
| Washington County Mississippi | 1 | $ 73,000 | $ 73,000 | $ 53,000 |
| Christian County Missouri | 1 | $ 129,000 | $ 129,000 | $ 52,000 |
| Clay County Missouri | 1 | $ 99,000 | $ 99,000 | $ 61,000 |
| Jasper County Missouri | 1 | $ 148,000 | $ 148,000 | $ 59,000 |
| Jefferson County Missouri | 1 | $ 190,000 | $ 190,000 | $ 35,000 |
| Newton County Missouri | 1 | $ 59,000 | $ 59,000 | $ 64,000 |
| Phelps County Missouri | 1 | $ 149,000 | $ 149,000 | $ 51,000 |
| Taney County Missouri | 1 | $ 111,000 | $ 111,000 | $ 49,000 |
| Texas County Missouri | 1 | $ 60,000 | $ 60,000 | $ 50,000 |
| Alexander County North Carolina | 1 | $ 173,000 | $ 173,000 | $ 82,000 |
| Anson County North Carolina | 1 | $ 68,000 | $ 68,000 | $ 32,000 |
| Ashe County North Carolina | 1 | $ 147,000 | $ 147,000 | $ 37,000 |
| Brunswick County North Carolina | 1 | $ 168,000 | $ 168,000 | $ 52,000 |
| Buncombe County North Carolina | 1 | $ 166,000 | $ 166,000 | $ 90,000 |
| Carteret County North Carolina | 1 | $ 184,000 | $ 184,000 | $ 38,000 |
| Chowan County North Carolina | 1 | $ 217,000 | $ 217,000 | $ 85,000 |
| Currituck County North Carolina | 1 | $ 199,000 | $ 199,000 | $ 50,000 |
| Davie County North Carolina | 1 | $ 172,000 | $ 172,000 | $ 87,000 |
| Hoke County North Carolina | 1 | $ 117,000 | $ 117,000 | $ 28,000 |
| McDowell County North Carolina | 1 | $ 57,000 | $ 57,000 | $ 34,000 |
| Orange County North Carolina | 1 | $ 148,000 | $ 148,000 | $ 61,000 |
| Pasquotank County North Carolina | 1 | $ 163,000 | $ 163,000 | $ 92,000 |
| Pender County North Carolina | 1 | $ 229,000 | $ 229,000 | $ 50,000 |
| Pitt County North Carolina | 1 | $ 100,000 | $ 100,000 | $ 36,000 |
| Richmond County North Carolina | 1 | $ 53,000 | $ 53,000 | $ 24,000 |
| Robeson County North Carolina | 1 | $ 111,000 | $ 111,000 | $ 142,000 |
| Rutherford County North Carolina | 1 | $ 57,000 | $ 57,000 | $ 34,000 |
| Washington County North Carolina | 1 | $ 115,000 | $ 115,000 | $ 76,000 |
| Watauga County North Carolina | 1 | $ 125,000 | $ 125,000 | $ 60,000 |
| Yadkin County North Carolina | 1 | $ 142,000 | $ 142,000 | $ 41,000 |
| Anderson County South Carolina | 1 | $ 151,000 | $ 151,000 | $ 55,000 |
| Berkeley County South Carolina | 1 | $ 172,000 | $ 172,000 | $ 74,000 |
| Charleston County South Carolina | 1 | $ 127,000 | $ 127,000 | $ 48,000 |
| Dorchester County South Carolina | 1 | $ 114,000 | $ 114,000 | $ 43,000 |
| Edgefield County South Carolina | 1 | $ 119,000 | $ 119,000 | $ 34,000 |
| Greenwood County South Carolina | 1 | $ 108,000 | $ 108,000 | $ 34,000 |
| Jasper County South Carolina | 1 | $ 149,000 | $ 149,000 | $ 51,000 |
| Gibson County Tennessee | 1 | $ 46,000 | $ 46,000 | $ 18,000 |
| Henderson County Tennessee | 1 | $ 65,000 | $ 65,000 | $ 27,000 |
| Lincoln County Tennessee | 1 | $ 203,000 | $ 203,000 | $ 116,000 |
| Marion County Tennessee | 1 | $ 110,000 | $ 110,000 | $ 30,000 |
| Montgomery County Tennessee | 1 | $ 142,000 | $ 142,000 | $ 58,000 |
| Robertson County Tennessee | 1 | $ 172,000 | $ 172,000 | $ 59,000 |
| Sequatchie County Tennessee | 1 | $ 219,000 | $ 219,000 | $ 64,000 |
| Wilson County Tennessee | 1 | $ 336,000 | $ 336,000 | $ 78,000 |
| Tarrant County Texas | 1 | $ 143,000 | $ 143,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for First Choice Funding, Inc. in 2008
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 | 504 | $73,871,000 | $146,000 | $800,000 | $61,000 | $451,000 |
| Home Purchase | 366 | $49,988,000 | $136,000 | $553,000 | $58,000 | $275,000 |
| 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 | 400 | $58,776,000 | $146,000 | $380,000 | $64,000 | $451,000 |
| Black or African American | 248 | $33,652,000 | $135,000 | $553,000 | $57,000 | $275,000 |
| Not Provided | 185 | $26,007,000 | $140,000 | $800,000 | $57,000 | $265,000 |
| Hispanic | 26 | $3,961,000 | $152,000 | $272,000 | $54,000 | $132,000 |
| Asian | 9 | $1,272,000 | $141,000 | $383,000 | $43,000 | $83,000 |
| American Indian or Alaskan Native | 2 | $191,000 | $95,000 | $141,000 | $53,000 | $85,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 577 | $80,042,000 | $138,000 | $329,000 | $56,000 | $224,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 270 | $39,941,000 | $147,000 | $800,000 | $67,000 | $451,000 |
| VA-guaranteed (Veterans Administration) | 18 | $3,252,000 | $180,000 | $283,000 | $66,000 | $110,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $624,000 | $124,000 | $145,000 | $45,000 | $63,000 |
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 | 641 | $93,472,000 | $145,000 | $380,000 | $61,000 | $451,000 |
| Application Denied By Financial Institution | 155 | $20,319,000 | $131,000 | $800,000 | $55,000 | $275,000 |
| Application Withdrawn By Applicant | 66 | $9,148,000 | $138,000 | $383,000 | $61,000 | $404,000 |
| Application Approved But Not Accepted | 7 | $820,000 | $117,000 | $172,000 | $63,000 | $94,000 |
| File Closed For Incompleteness | 1 | $100,000 | $100,000 | $100,000 | $41,000 | $41,000 |
| 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 | 2 | $194,000 | $97,000 | $105,000 | $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 |
| 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 First Choice Funding, Inc.'s 2008 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 Choice Funding, 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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.