First Federal Mortgage Lending & HMDA Data, 2010
In 2010, First Federal of North Charleston, SC reported 8,221 mortgage applications totaling $1.0 billion, down 11% from 2009. The average application was for $125,701, and applicants reported an average income of $72,501. 44% of its applications resulted in an originated loan and 41% were denied. Its largest markets were Charleston-North Charleston-Summerville, SC (1,619), Myrtle Beach-North Myrtle Beach-Conway, SC (568) and Wilmington, NC (275) (applications in parentheses).
| Mortgage Company & Address | First Federal 2440 Mall Dr Suite 100 North Charleston, SC 29406 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 8,221 |
| Total Mortgage Loan Application Amount | $1,033,394,000 |
| Average Mortgage Loan Application Amount | $125,701 |
| Highest Mortgage Loan Application Amount | $4,200,000 |
| Average Applicant Income | $72,501 |
| Highest Applicant Income | $2,939,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Charleston-North Charleston-Summerville, SC | 1,619 | $ 375,923,000 | $ 232,194 | $ 113,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 568 | $ 72,735,000 | $ 128,054 | $ 72,000 |
| Wilmington, NC | 275 | $ 54,249,000 | $ 197,269 | $ 109,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 229 | $ 52,602,000 | $ 229,703 | $ 129,602 |
| Anderson, SC | 223 | $ 33,856,000 | $ 151,820 | $ 74,000 |
| Florence, SC | 194 | $ 23,469,000 | $ 120,974 | $ 73,000 |
| Columbia, SC | 185 | $ 29,153,000 | $ 157,583 | $ 85,000 |
| Greenville-Mauldin-Easley, SC | 155 | $ 26,770,000 | $ 172,709 | $ 84,000 |
| Birmingham-Hoover, AL | 86 | $ 4,020,000 | $ 46,744 | $ 44,000 |
| Jacksonville, FL | 56 | $ 3,391,000 | $ 60,553 | $ 44,000 |
| Spartanburg, SC | 55 | $ 8,716,000 | $ 158,472 | $ 78,000 |
| Augusta-Richmond County, GA-SC | 53 | $ 3,624,000 | $ 68,377 | $ 49,377 |
| Raleigh-Cary, NC | 49 | $ 8,161,000 | $ 166,551 | $ 103,000 |
| Roanoke, VA | 42 | $ 6,201,000 | $ 147,642 | $ 65,000 |
| Jackson, MS | 39 | $ 1,802,000 | $ 46,205 | $ 43,000 |
| Dothan, AL | 34 | $ 1,732,000 | $ 50,941 | $ 48,000 |
| Ocala, FL | 34 | $ 2,120,000 | $ 62,352 | $ 52,000 |
| Asheville, NC | 31 | $ 3,464,000 | $ 111,741 | $ 59,000 |
| Gainesville, FL | 31 | $ 1,904,000 | $ 61,419 | $ 52,000 |
| Tampa-St. Petersburg-Clearwater, FL | 30 | $ 1,532,000 | $ 51,066 | $ 60,000 |
| Pensacola-Ferry Pass-Brent, FL | 27 | $ 1,480,000 | $ 54,814 | $ 49,000 |
| Tallahassee, FL | 27 | $ 2,008,000 | $ 74,370 | $ 54,000 |
| Florence-Muscle Shoals, AL | 26 | $ 1,156,000 | $ 44,461 | $ 38,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 24 | $ 1,170,000 | $ 48,750 | $ 37,000 |
| Greensboro-High Point, NC | 23 | $ 3,890,000 | $ 169,130 | $ 105,000 |
| Sumter, SC | 23 | $ 1,204,000 | $ 52,347 | $ 40,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 22 | $ 1,199,000 | $ 54,500 | $ 47,000 |
| Mobile, AL | 20 | $ 1,154,000 | $ 57,700 | $ 40,000 |
| Decatur, AL | 19 | $ 880,000 | $ 46,315 | $ 41,000 |
| Kingsport-Bristol-Bristol, TN-VA | 19 | $ 2,628,000 | $ 138,315 | $ 65,000 |
| Orlando-Kissimmee-Sanford, FL | 19 | $ 888,000 | $ 46,736 | $ 44,000 |
| Valdosta, GA | 19 | $ 958,000 | $ 50,421 | $ 33,000 |
| Brunswick, GA | 18 | $ 976,000 | $ 54,222 | $ 47,000 |
| Hattiesburg, MS | 17 | $ 795,000 | $ 46,764 | $ 46,000 |
| Montgomery, AL | 17 | $ 751,000 | $ 44,176 | $ 40,000 |
| Gadsden, AL | 15 | $ 787,000 | $ 52,466 | $ 42,000 |
| Macon, GA | 15 | $ 1,043,000 | $ 69,533 | $ 63,000 |
| Richmond, VA | 15 | $ 2,706,000 | $ 180,400 | $ 73,000 |
| Charlottesville, VA | 14 | $ 3,356,000 | $ 239,714 | $ 136,000 |
| Goldsboro, NC | 14 | $ 680,000 | $ 48,571 | $ 44,000 |
| Jacksonville, NC | 14 | $ 2,545,000 | $ 181,785 | $ 90,000 |
| Savannah, GA | 14 | $ 1,170,000 | $ 83,571 | $ 60,000 |
| Winston-Salem, NC | 14 | $ 1,998,000 | $ 142,714 | $ 71,000 |
| Lakeland-Winter Haven, FL | 13 | $ 789,000 | $ 60,692 | $ 66,000 |
| Anniston-Oxford, AL | 12 | $ 492,000 | $ 41,000 | $ 39,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 12 | $ 556,000 | $ 46,333 | $ 41,000 |
| Atlanta-Sandy Springs-Marietta, GA | 11 | $ 870,000 | $ 79,090 | $ 69,000 |
| Crestview-Fort Walton Beach-Destin, FL | 11 | $ 656,000 | $ 59,636 | $ 46,000 |
| Huntsville, AL | 11 | $ 479,000 | $ 43,545 | $ 48,000 |
| Memphis, TN-MS-AR | 11 | $ 693,000 | $ 63,000 | $ 49,363 |
| Tuscaloosa, AL | 11 | $ 605,000 | $ 55,000 | $ 43,000 |
| Gulfport-Biloxi, MS | 10 | $ 353,000 | $ 35,300 | $ 40,000 |
| Lynchburg, VA | 10 | $ 1,694,000 | $ 169,400 | $ 79,000 |
| Pascagoula, MS | 10 | $ 441,000 | $ 44,100 | $ 54,000 |
| Albany, GA | 9 | $ 493,000 | $ 54,777 | $ 42,000 |
| Durham-Chapel Hill, NC | 9 | $ 2,504,000 | $ 278,222 | $ 173,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 9 | $ 576,000 | $ 64,000 | $ 59,000 |
| Danville, VA | 8 | $ 1,044,000 | $ 130,500 | $ 75,000 |
| Columbus, GA-AL | 6 | $ 367,000 | $ 61,166 | $ 37,333 |
| Hinesville-Fort Stewart, GA | 6 | $ 333,000 | $ 55,500 | $ 55,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 6 | $ 394,000 | $ 65,666 | $ 59,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 6 | $ 2,116,000 | $ 352,666 | $ 112,000 |
| Burlington, NC | 5 | $ 537,000 | $ 107,400 | $ 51,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 5 | $ 172,000 | $ 34,400 | $ 39,000 |
| Greenville, NC | 5 | $ 669,000 | $ 133,800 | $ 50,000 |
| Hickory-Lenoir-Morganton, NC | 5 | $ 385,000 | $ 77,000 | $ 65,000 |
| Fayetteville, NC | 4 | $ 184,000 | $ 46,000 | $ 56,000 |
| Harrisonburg, VA | 4 | $ 693,000 | $ 173,250 | $ 90,000 |
| Winchester, VA-WV | 4 | $ 749,000 | $ 187,250 | $ 106,000 |
| Athens-Clarke County, GA | 3 | $ 156,000 | $ 52,000 | $ 91,000 |
| Chattanooga, TN-GA | 3 | $ 92,000 | $ 30,666 | $ 23,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 697,000 | $ 348,500 | $ 149,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 107,000 | $ 53,500 | $ 68,000 |
| North Port-Bradenton-Sarasota, FL | 2 | $ 139,000 | $ 69,500 | $ 87,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 62,000 | $ 31,000 | $ 33,000 |
| Rocky Mount, NC | 2 | $ 82,000 | $ 41,000 | $ 27,000 |
| Rome, GA | 2 | $ 94,000 | $ 47,000 | $ 35,000 |
| Johnson City, TN | 1 | $ 54,000 | $ 54,000 | $ 32,000 |
| Palm Coast, FL | 1 | $ 58,000 | $ 58,000 | $ 41,000 |
| Port St. Lucie, FL | 1 | $ 66,000 | $ 66,000 | $ 146,000 |
| Sebastian-Vero Beach, FL | 1 | $ 31,000 | $ 31,000 | $ 95,000 |
| Warner Robins, GA | 1 | $ 58,000 | $ 58,000 | $ 25,000 |
Mortgage Loan Application Detail Totals for First Federal in 2010
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 | 5,452 | $472,377,000 | $86,000 | $3,025,000 | $57,000 | $1,680,000 |
| Refinancing | 2,748 | $556,983,000 | $202,000 | $4,200,000 | $103,000 | $2,939,000 |
| Home Improvement | 21 | $4,034,000 | $192,000 | $581,000 | $106,000 | $454,000 |
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 | 6,524 | $879,024,000 | $134,000 | $4,200,000 | $77,000 | $2,939,000 |
| Black or African American | 1,159 | $71,780,000 | $61,000 | $439,000 | $42,000 | $1,084,000 |
| Not Provided | 222 | $53,067,000 | $239,000 | $2,248,000 | $122,000 | $2,456,000 |
| Hispanic | 160 | $10,479,000 | $65,000 | $323,000 | $44,000 | $205,000 |
| Asian | 78 | $12,017,000 | $154,000 | $417,000 | $82,000 | $444,000 |
| American Indian or Alaskan Native | 59 | $3,750,000 | $63,000 | $417,000 | $54,000 | $303,000 |
| Not applicable | 10 | $2,321,000 | $232,000 | $440,000 | $182,000 | $713,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $956,000 | $106,000 | $392,000 | $80,000 | $257,000 |
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) | 7,933 | $986,891,000 | $124,000 | $4,200,000 | $73,000 | $2,939,000 |
| FHA-insured (Federal Housing Administration) | 233 | $35,843,000 | $153,000 | $383,000 | $61,000 | $545,000 |
| VA-guaranteed (Veterans Administration) | 55 | $10,660,000 | $193,000 | $403,000 | $68,000 | $208,000 |
| 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 | 3,636 | $603,917,000 | $166,000 | $4,200,000 | $93,000 | $2,456,000 |
| Application Denied By Financial Institution | 3,340 | $285,001,000 | $85,000 | $3,290,000 | $49,000 | $2,939,000 |
| Application Approved But Not Accepted | 804 | $55,961,000 | $69,000 | $656,000 | $57,000 | $886,000 |
| Application Withdrawn By Applicant | 339 | $64,271,000 | $189,000 | $1,600,000 | $111,000 | $1,859,000 |
| File Closed For Incompleteness | 102 | $24,244,000 | $237,000 | $1,645,000 | $97,000 | $618,000 |
| 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 | 1,695 | $96,035,000 | $56,000 | $675,000 | $43,000 | $804,000 |
| Debt-To-Income Ratio | 1,162 | $107,356,000 | $92,000 | $3,290,000 | $42,000 | $453,000 |
| Collateral | 165 | $40,781,000 | $247,000 | $1,787,000 | $120,000 | $2,939,000 |
| Employment History | 122 | $6,268,000 | $51,000 | $279,000 | $39,000 | $291,000 |
| Other | 97 | $17,226,000 | $177,000 | $1,050,000 | $102,000 | $711,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 46 | $6,445,000 | $140,000 | $456,000 | $74,000 | $617,000 |
| Unverifiable Information | 39 | $5,361,000 | $137,000 | $749,000 | $73,000 | $435,000 |
| Credit Application Incomplete | 8 | $4,574,000 | $571,000 | $3,000,000 | $132,000 | $595,000 |
| Mortgage Insurance Denied | 6 | $955,000 | $159,000 | $280,000 | $74,000 | $187,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal's 2010 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 Federal'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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