First Ic Corporation Mortgage Lending & HMDA Data, 2020
In 2020, First Ic Corporation of Doraville, GA reported 97 mortgage applications totaling $26.3 million, down 29% from 2019. The average application was for $270,876, and applicants reported an average income of $113,711. 79% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (40), New York-Jersey City-White Plains, NY-NJ (6) and Charlotte-Concord-Gastonia, NC-SC (3) (applications in parentheses).
| Mortgage Company & Address | First Ic Corporation 5593 Buford Highway Doraville, GA 30340 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2016 |
| Total Number of Mortgage Applications | 97 |
| Total Mortgage Loan Application Amount | $26,275,000 |
| Average Mortgage Loan Application Amount | $270,876 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $113,711 |
| Highest Applicant Income | $1,575,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Ic Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Gwinnett, Georgia | 24 | $ 4,410,000 | $ 183,750 | $ 53,000 |
| Cobb, Georgia | 4 | $ 990,000 | $ 247,500 | $ 128,000 |
| Clayton, Georgia | 3 | $ 375,000 | $ 125,000 | $ 71,000 |
| Fulton, Georgia | 3 | $ 715,000 | $ 238,333 | $ 128,000 |
| Bergen, New Jersey | 3 | $ 1,625,000 | $ 541,666 | $ 240,000 |
| Wake, North Carolina | 3 | $ 1,345,000 | $ 448,333 | $ 105,000 |
| Bell, Texas | 3 | $ 405,000 | $ 135,000 | $ 190,000 |
| Osceola, Florida | 2 | $ 410,000 | $ 205,000 | $ 53,000 |
| DeKalb, Georgia | 2 | $ 290,000 | $ 145,000 | $ 70,000 |
| Hall, Georgia | 2 | $ 260,000 | $ 130,000 | $ 0 |
| Walton, Georgia | 2 | $ 340,000 | $ 170,000 | $ 55,000 |
| Norfolk, Massachusetts | 2 | $ 710,000 | $ 355,000 | $ 62,000 |
| Essex, New Jersey | 2 | $ 1,940,000 | $ 970,000 | $ 138,000 |
| Kings, New York | 2 | $ 1,590,000 | $ 795,000 | $ 1,575,000 |
| Nassau, New York | 2 | $ 1,280,000 | $ 640,000 | $ 460,000 |
| Randolph, North Carolina | 2 | $ 350,000 | $ 175,000 | $ 64,000 |
| Providence, Rhode Island | 2 | $ 430,000 | $ 215,000 | $ 58,000 |
| Richland, South Carolina | 2 | $ 360,000 | $ 180,000 | $ 48,000 |
| Collin, Texas | 2 | $ 710,000 | $ 355,000 | $ 104,000 |
| Harris, Texas | 2 | $ 230,000 | $ 115,000 | $ 105,000 |
| Indian River, Florida | 1 | $ 155,000 | $ 155,000 | $ 89,000 |
| Orange, Florida | 1 | $ 235,000 | $ 235,000 | $ 66,000 |
| Sarasota, Florida | 1 | $ 255,000 | $ 255,000 | $ 60,000 |
| St. Johns, Florida | 1 | $ 215,000 | $ 215,000 | $ 90,000 |
| Baldwin, Georgia | 1 | $ 355,000 | $ 355,000 | $ 238,000 |
| Forsyth, Georgia | 1 | $ 385,000 | $ 385,000 | $ 224,000 |
| Henry, Georgia | 1 | $ 195,000 | $ 195,000 | $ 72,000 |
| Baltimore, Maryland | 1 | $ 155,000 | $ 155,000 | $ 59,000 |
| DeSoto, Mississippi | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Middlesex, New Jersey | 1 | $ 375,000 | $ 375,000 | $ 119,000 |
| Somerset, New Jersey | 1 | $ 185,000 | $ 185,000 | $ 72,000 |
| Queens, New York | 1 | $ 915,000 | $ 915,000 | $ 236,000 |
| Schenectady, New York | 1 | $ 185,000 | $ 185,000 | $ 77,000 |
| Suffolk, New York | 1 | $ 805,000 | $ 805,000 | $ 324,000 |
| Gaston, North Carolina | 1 | $ 125,000 | $ 125,000 | $ 56,000 |
| Mecklenburg, North Carolina | 1 | $ 255,000 | $ 255,000 | $ 66,000 |
| Union, North Carolina | 1 | $ 545,000 | $ 545,000 | $ 108,000 |
| Allegheny, Pennsylvania | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Cumberland, Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 70,000 |
| Philadelphia, Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 50,000 |
| Aiken, South Carolina | 1 | $ 145,000 | $ 145,000 | $ 59,000 |
| Charleston, South Carolina | 1 | $ 195,000 | $ 195,000 | $ 54,000 |
| Sumter, South Carolina | 1 | $ 155,000 | $ 155,000 | $ 60,000 |
| Bradley, Tennessee | 1 | $ 355,000 | $ 355,000 | $ 94,000 |
| Cass, Texas | 1 | $ 125,000 | $ 125,000 | $ 11,000 |
| Dallas, Texas | 1 | $ 255,000 | $ 255,000 | $ 172,000 |
| Hood, Texas | 1 | $ 95,000 | $ 95,000 | $ 56,000 |
| Virginia Beach, Virginia | 1 | $ 135,000 | $ 135,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for First Ic Corporation in 2020
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 | 80 | $18,020,000 | $225,000 | $905,000 | $101,000 | $1,575,000 |
| Cash-out Refinancing | 14 | $5,820,000 | $415,000 | $1,505,000 | $134,000 | $324,000 |
| Refinancing | 3 | $2,435,000 | $811,000 | $1,005,000 | $358,000 | $594,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Asian | 86 | $20,440,000 | $237,000 | $1,005,000 | $108,000 | $1,575,000 |
| Not applicable | 7 | $3,665,000 | $523,000 | $1,505,000 | $121,000 | $138,000 |
| American Indian or Alaskan Native | 2 | $1,540,000 | $770,000 | $805,000 | $324,000 | $324,000 |
| White | 1 | $515,000 | $515,000 | $515,000 | $246,000 | $246,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 97 | $26,275,000 | $270,000 | $1,505,000 | $114,000 | $1,575,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 77 | $20,285,000 | $263,000 | $1,505,000 | $118,000 | $1,575,000 |
| Application Withdrawn By Applicant | 15 | $3,485,000 | $232,000 | $915,000 | $70,000 | $236,000 |
| File Closed For Incompleteness | 2 | $1,540,000 | $770,000 | $805,000 | $324,000 | $324,000 |
| Application Denied By Financial Institution | 2 | $690,000 | $345,000 | $435,000 | $99,000 | $138,000 |
| Application Approved But Not Accepted | 1 | $275,000 | $275,000 | $275,000 | $70,000 | $70,000 |
| 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 | 95 | $25,585,000 | $269,000 | $1,505,000 | $114,000 | $1,575,000 |
| Debt-To-Income Ratio | 1 | $255,000 | $255,000 | $255,000 | $60,000 | $60,000 |
| Unverifiable Information | 1 | $435,000 | $435,000 | $435,000 | $138,000 | $138,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Ic Corporation's 2020 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 Ic Corporation'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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