First Citizens Bank & Trust Co Mortgage Lending & HMDA Data, 2007
In 2007, First Citizens Bank & Trust Co of Columbia, SC reported 7,003 mortgage applications totaling $971.4 million, up 7% from 2006. The average application was for $138,715, and applicants reported an average income of $91,929. 72% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Columbia, SC (1,105), Charleston-North Charleston, SC (645) and Greenville-Mauldin-Easley, SC (563) (applications in parentheses).
| Mortgage Company & Address | First Citizens Bank & Trust Co 1230 Main Street Columbia, SC 29201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,003 |
| Total Mortgage Loan Application Amount | $971,424,000 |
| Average Mortgage Loan Application Amount | $138,715 |
| Highest Mortgage Loan Application Amount | $2,400,000 |
| Average Applicant Income | $91,929 |
| Highest Applicant Income | $6,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Citizens Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Citizens Bank & Trust Co in 2007
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 | 3,331 | $470,991,000 | $141,000 | $2,060,000 | $92,000 | $3,280,000 |
| Refinancing | 3,261 | $477,544,000 | $146,000 | $2,400,000 | $95,000 | $6,000,000 |
| Home Improvement | 411 | $22,889,000 | $55,000 | $932,000 | $67,000 | $686,000 |
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 | 5,348 | $778,255,000 | $145,000 | $2,100,000 | $98,000 | $6,000,000 |
| Black or African American | 780 | $63,866,000 | $81,000 | $700,000 | $58,000 | $1,656,000 |
| Not Provided | 590 | $77,540,000 | $131,000 | $1,500,000 | $98,000 | $1,250,000 |
| Hispanic | 92 | $12,153,000 | $132,000 | $648,000 | $83,000 | $600,000 |
| Asian | 88 | $13,850,000 | $157,000 | $575,000 | $88,000 | $435,000 |
| Not applicable | 71 | $20,705,000 | $291,000 | $2,400,000 | $0 | $0 |
| American Indian or Alaskan Native | 24 | $3,254,000 | $135,000 | $485,000 | $81,000 | $249,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $1,801,000 | $180,000 | $354,000 | $88,000 | $150,000 |
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) | 6,911 | $960,516,000 | $138,000 | $2,400,000 | $93,000 | $6,000,000 |
| FHA-insured (Federal Housing Administration) | 58 | $5,553,000 | $95,000 | $203,000 | $41,000 | $125,000 |
| VA-guaranteed (Veterans Administration) | 34 | $5,355,000 | $157,000 | $312,000 | $57,000 | $142,000 |
| 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 | 5,056 | $721,572,000 | $142,000 | $2,400,000 | $101,000 | $6,000,000 |
| Application Denied By Financial Institution | 977 | $101,657,000 | $104,000 | $2,070,000 | $55,000 | $3,000,000 |
| Application Approved But Not Accepted | 910 | $136,850,000 | $150,000 | $1,650,000 | $80,000 | $2,495,000 |
| Application Withdrawn By Applicant | 58 | $11,189,000 | $192,000 | $2,100,000 | $126,000 | $1,425,000 |
| File Closed For Incompleteness | 2 | $156,000 | $78,000 | $96,000 | $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 | 567 | $47,728,000 | $84,000 | $2,070,000 | $55,000 | $648,000 |
| Debt-To-Income Ratio | 336 | $43,063,000 | $128,000 | $1,615,000 | $44,000 | $360,000 |
| Collateral | 32 | $4,051,000 | $126,000 | $1,000,000 | $175,000 | $3,000,000 |
| Other | 15 | $2,469,000 | $164,000 | $360,000 | $60,000 | $207,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $1,437,000 | $119,000 | $257,000 | $63,000 | $332,000 |
| Employment History | 8 | $1,240,000 | $155,000 | $285,000 | $56,000 | $180,000 |
| Unverifiable Information | 3 | $295,000 | $98,000 | $120,000 | $45,000 | $80,000 |
| Mortgage Insurance Denied | 2 | $214,000 | $107,000 | $135,000 | $57,000 | $89,000 |
| Credit Application Incomplete | 2 | $1,160,000 | $580,000 | $960,000 | $125,000 | $250,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Citizens Bank & Trust Co's 2007 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 Citizens Bank & Trust Co'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 South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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