First Group Home Loans Mortgage Lending & HMDA Data, 2007
In 2007, First Group Home Loans of Elizabeth, KY reported 466 mortgage applications totaling $59.7 million, up 89% from 2006. The average application was for $128,023, and applicants reported an average income of $70,442. 79% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Elizabethtown, KY (307), Louisville-Jefferson County, KY-IN (110) and Bowling Green, KY (2) (applications in parentheses).
| Mortgage Company & Address | First Group Home Loans 100 Chase Way Suite 1 Elizabeth, KY 42701 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 |
| Total Number of Mortgage Applications | 466 |
| Total Mortgage Loan Application Amount | $59,659,000 |
| Average Mortgage Loan Application Amount | $128,023 |
| Highest Mortgage Loan Application Amount | $848,000 |
| Average Applicant Income | $70,442 |
| Highest Applicant Income | $663,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Group Home Loans filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Group Home Loans 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 | 365 | $46,667,000 | $127,000 | $848,000 | $63,000 | $663,000 |
| Refinancing | 98 | $12,601,000 | $128,000 | $420,000 | $99,000 | $447,000 |
| Home Improvement | 3 | $391,000 | $130,000 | $268,000 | $43,000 | $89,000 |
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 | 338 | $42,377,000 | $125,000 | $848,000 | $74,000 | $663,000 |
| Black or African American | 64 | $9,443,000 | $147,000 | $295,000 | $65,000 | $230,000 |
| Not Provided | 38 | $4,630,000 | $121,000 | $250,000 | $57,000 | $142,000 |
| Asian | 17 | $2,159,000 | $127,000 | $309,000 | $61,000 | $103,000 |
| Hispanic | 7 | $805,000 | $115,000 | $148,000 | $50,000 | $82,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $66,000 | $66,000 | $66,000 | $166,000 | $166,000 |
| American Indian or Alaskan Native | 1 | $179,000 | $179,000 | $179,000 | $58,000 | $58,000 |
| 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) | 257 | $30,217,000 | $117,000 | $848,000 | $83,000 | $663,000 |
| VA-guaranteed (Veterans Administration) | 136 | $22,051,000 | $162,000 | $342,000 | $62,000 | $164,000 |
| FHA-insured (Federal Housing Administration) | 73 | $7,391,000 | $101,000 | $203,000 | $43,000 | $125,000 |
| 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 | 370 | $46,468,000 | $125,000 | $736,000 | $64,000 | $663,000 |
| Application Denied By Financial Institution | 51 | $7,233,000 | $141,000 | $848,000 | $119,000 | $479,000 |
| Application Withdrawn By Applicant | 32 | $4,323,000 | $135,000 | $318,000 | $61,000 | $144,000 |
| Application Approved But Not Accepted | 13 | $1,635,000 | $125,000 | $213,000 | $98,000 | $384,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 18 | $2,327,000 | $129,000 | $220,000 | $164,000 | $447,000 |
| Credit History | 9 | $1,674,000 | $186,000 | $848,000 | $90,000 | $479,000 |
| Other | 8 | $952,000 | $119,000 | $255,000 | $169,000 | $384,000 |
| Debt-To-Income Ratio | 6 | $955,000 | $159,000 | $232,000 | $55,000 | $129,000 |
| Credit Application Incomplete | 5 | $627,000 | $125,000 | $215,000 | $72,000 | $103,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $338,000 | $112,000 | $140,000 | $50,000 | $56,000 |
| Unverifiable Information | 1 | $273,000 | $273,000 | $273,000 | $57,000 | $57,000 |
| Employment History | 1 | $87,000 | $87,000 | $87,000 | $59,000 | $59,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Group Home Loans'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 Group Home Loans'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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