First National Acceptance Company Mortgage Lending & HMDA Data, 2008
In 2008, First National Acceptance Company of East Lansing, MI reported 511 mortgage applications totaling $20.9 million, down 1% from 2007. The average application was for $40,802, and applicants reported an average income of $2,669. 2% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (26), Grand Rapids-Wyoming, MI (13) and Fort Worth-Arlington, TX (11) (applications in parentheses).
| Mortgage Company & Address | First National Acceptance Company 241 East Saginaw/P.O. Box 980 East Lansing, MI 48826 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 511 |
| Total Mortgage Loan Application Amount | $20,850,000 |
| Average Mortgage Loan Application Amount | $40,802 |
| Highest Mortgage Loan Application Amount | $246,000 |
| Average Applicant Income | $2,669 |
| Highest Applicant Income | $285,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First National Acceptance Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Houston-Sugar Land-Baytown, TX | 26 | $ 1,100,000 | $ 42,307 | $ 3,000 |
| Grand Rapids-Wyoming, MI | 13 | $ 713,000 | $ 54,846 | $ 0 |
| Fort Worth-Arlington, TX | 11 | $ 424,000 | $ 38,545 | $ 6,000 |
| San Antonio, TX | 11 | $ 398,000 | $ 36,181 | $ 0 |
| Dallas-Plano-Irving, TX | 9 | $ 342,000 | $ 38,000 | $ 0 |
| Jacksonville, FL | 9 | $ 668,000 | $ 74,222 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 9 | $ 551,000 | $ 61,222 | $ 0 |
| Beaumont-Port Arthur, TX | 6 | $ 134,000 | $ 22,333 | $ 0 |
| Buffalo-Niagara Falls, NY | 6 | $ 227,000 | $ 37,833 | $ 5,000 |
| Abilene, TX | 5 | $ 108,000 | $ 21,600 | $ 0 |
| Greenville-Mauldin-Easley, SC | 5 | $ 219,000 | $ 43,800 | $ 0 |
| Raleigh-Cary, NC | 5 | $ 361,000 | $ 72,200 | $ 0 |
| Austin-Round Rock, TX | 4 | $ 160,000 | $ 40,000 | $ 9,000 |
| Birmingham-Hoover, AL | 4 | $ 132,000 | $ 33,000 | $ 5,000 |
| Brownsville-Harlingen, TX | 4 | $ 101,000 | $ 25,250 | $ 0 |
| Memphis, TN-MS-AR | 4 | $ 107,000 | $ 26,750 | $ 0 |
| Tulsa, OK | 4 | $ 174,000 | $ 43,500 | $ 19,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 320,000 | $ 80,000 | $ 0 |
| Charlotte-Gastonia-Concord, NC-SC | 3 | $ 114,000 | $ 38,000 | $ 0 |
| Jackson, MI | 3 | $ 113,000 | $ 37,666 | $ 0 |
| Killeen-Temple-Fort Hood, TX | 3 | $ 116,000 | $ 38,666 | $ 0 |
| Lakeland-Winter Haven, FL | 3 | $ 132,000 | $ 44,000 | $ 0 |
| Mobile, AL | 3 | $ 81,000 | $ 27,000 | $ 0 |
| Oklahoma City, OK | 3 | $ 110,000 | $ 36,666 | $ 0 |
| Anchorage, AK | 2 | $ 81,000 | $ 40,500 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 75,000 | $ 37,500 | $ 0 |
| Baton Rouge, LA | 2 | $ 74,000 | $ 37,000 | $ 0 |
| Battle Creek, MI | 2 | $ 140,000 | $ 70,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 2 | $ 56,000 | $ 28,000 | $ 0 |
| Chattanooga, TN-GA | 2 | $ 70,000 | $ 35,000 | $ 0 |
| Columbia, SC | 2 | $ 42,000 | $ 21,000 | $ 0 |
| Columbus, GA-AL | 2 | $ 34,000 | $ 17,000 | $ 0 |
| Fayetteville, NC | 2 | $ 92,000 | $ 46,000 | $ 0 |
| Gainesville, FL | 2 | $ 142,000 | $ 71,000 | $ 0 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 59,000 | $ 29,500 | $ 0 |
| Kalamazoo-Portage, MI | 2 | $ 74,000 | $ 37,000 | $ 0 |
| Lake Havasu City-Kingman, AZ | 2 | $ 75,000 | $ 37,500 | $ 0 |
| Longview, TX | 2 | $ 161,000 | $ 80,500 | $ 0 |
| Lubbock, TX | 2 | $ 42,000 | $ 21,000 | $ 0 |
| McAllen-Edinburg-Mission, TX | 2 | $ 73,000 | $ 36,500 | $ 0 |
| Montgomery, AL | 2 | $ 86,000 | $ 43,000 | $ 0 |
| Odessa, TX | 2 | $ 62,000 | $ 31,000 | $ 0 |
| Orlando-Kissimmee, FL | 2 | $ 454,000 | $ 227,000 | $ 0 |
| Parkersburg-Marietta-Vienna, WV-OH | 2 | $ 64,000 | $ 32,000 | $ 0 |
| Philadelphia, PA | 2 | $ 91,000 | $ 45,500 | $ 0 |
| Port St. Lucie, FL | 2 | $ 132,000 | $ 66,000 | $ 0 |
| Prescott, AZ | 2 | $ 270,000 | $ 135,000 | $ 0 |
| South Bend-Mishawaka, IN-MI | 2 | $ 137,000 | $ 68,500 | $ 0 |
| Spartanburg, SC | 2 | $ 83,000 | $ 41,500 | $ 0 |
| St. Louis, MO-IL | 2 | $ 59,000 | $ 29,500 | $ 0 |
| Utica-Rome, NY | 2 | $ 49,000 | $ 24,500 | $ 0 |
| Waco, TX | 2 | $ 27,000 | $ 13,500 | $ 0 |
| Wichita Falls, TX | 2 | $ 60,000 | $ 30,000 | $ 0 |
| Winston-Salem, NC | 2 | $ 157,000 | $ 78,500 | $ 0 |
| Anderson, SC | 1 | $ 12,000 | $ 12,000 | $ 0 |
| Asheville, NC | 1 | $ 77,000 | $ 77,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 1 | $ 13,000 | $ 13,000 | $ 0 |
| Binghamton, NY | 1 | $ 27,000 | $ 27,000 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 30,000 | $ 30,000 | $ 60,000 |
| Corpus Christi, TX | 1 | $ 53,000 | $ 53,000 | $ 0 |
| Cumberland, MD-WV | 1 | $ 44,000 | $ 44,000 | $ 0 |
| Des Moines-West Des Moines, IA | 1 | $ 22,000 | $ 22,000 | $ 0 |
| Duluth, MN-WI | 1 | $ 28,000 | $ 28,000 | $ 33,000 |
| Edison-New Brunswick, NJ | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Flagstaff, AZ | 1 | $ 16,000 | $ 16,000 | $ 285,000 |
| Fort Wayne, IN | 1 | $ 9,000 | $ 9,000 | $ 0 |
| Fresno, CA | 1 | $ 39,000 | $ 39,000 | $ 0 |
| Grand Junction, CO | 1 | $ 32,000 | $ 32,000 | $ 0 |
| Greeley, CO | 1 | $ 58,000 | $ 58,000 | $ 0 |
| Greensboro-High Point, NC | 1 | $ 44,000 | $ 44,000 | $ 0 |
| Jonesboro, AR | 1 | $ 22,000 | $ 22,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 13,000 | $ 13,000 | $ 0 |
| Laredo, TX | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Lewiston-Auburn, ME | 1 | $ 151,000 | $ 151,000 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 117,000 | $ 117,000 | $ 0 |
| Macon, GA | 1 | $ 11,000 | $ 11,000 | $ 0 |
| Midland, TX | 1 | $ 99,000 | $ 99,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Monroe, LA | 1 | $ 47,000 | $ 47,000 | $ 0 |
| Muskegon-Norton Shores, MI | 1 | $ 65,000 | $ 65,000 | $ 68,000 |
| Ocala, FL | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Peoria, IL | 1 | $ 26,000 | $ 26,000 | $ 0 |
| Pittsburgh, PA | 1 | $ 11,000 | $ 11,000 | $ 0 |
| Pueblo, CO | 1 | $ 47,000 | $ 47,000 | $ 0 |
| Richmond, VA | 1 | $ 17,000 | $ 17,000 | $ 0 |
| Rochester, NY | 1 | $ 26,000 | $ 26,000 | $ 0 |
| Saginaw-Saginaw Township North, MI | 1 | $ 26,000 | $ 26,000 | $ 0 |
| San Angelo, TX | 1 | $ 27,000 | $ 27,000 | $ 0 |
| Shreveport-Bossier City, LA | 1 | $ 47,000 | $ 47,000 | $ 0 |
| Syracuse, NY | 1 | $ 24,000 | $ 24,000 | $ 0 |
| Tallahassee, FL | 1 | $ 48,000 | $ 48,000 | $ 0 |
| Toledo, OH | 1 | $ 47,000 | $ 47,000 | $ 0 |
| Tyler, TX | 1 | $ 49,000 | $ 49,000 | $ 0 |
| Valdosta, GA | 1 | $ 36,000 | $ 36,000 | $ 0 |
| Victoria, TX | 1 | $ 36,000 | $ 36,000 | $ 0 |
| Warner Robins, GA | 1 | $ 48,000 | $ 48,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 102,000 | $ 102,000 | $ 0 |
| Weirton-Steubenville, WV-OH | 1 | $ 21,000 | $ 21,000 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 72,000 | $ 72,000 | $ 0 |
| Wilmington, NC | 1 | $ 31,000 | $ 31,000 | $ 26,000 |
Mortgage Loan Application Detail Totals for First National Acceptance Company 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 406 | $15,661,000 | $38,000 | $246,000 | $2,000 | $146,000 |
| Refinancing | 99 | $4,958,000 | $50,000 | $149,000 | $0 | $0 |
| Home Improvement | 6 | $231,000 | $38,000 | $77,000 | $92,000 | $285,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 503 | $20,562,000 | $40,000 | $246,000 | $1,000 | $146,000 |
| White | 4 | $195,000 | $48,000 | $77,000 | $58,000 | $77,000 |
| Not Provided | 3 | $73,000 | $24,000 | $29,000 | $128,000 | $285,000 |
| American Indian or Alaskan Native | 1 | $20,000 | $20,000 | $20,000 | $33,000 | $33,000 |
| Asian | 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) | 511 | $20,850,000 | $40,000 | $246,000 | $3,000 | $285,000 |
| 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 Purchased By The Institution | 503 | $20,562,000 | $40,000 | $246,000 | $1,000 | $146,000 |
| Loan Originated | 8 | $288,000 | $36,000 | $77,000 | $81,000 | $285,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First National Acceptance Company'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 National Acceptance Company'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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