First National Bank of Jasper Mortgage Lending & HMDA Data, 2005
In 2005, First National Bank of Jasper of Jasper, AL reported 461 mortgage applications totaling $19.1 million, down 19% from 2004. The average application was for $41,351, and applicants reported an average income of $57,386. 69% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Birmingham-Hoover, AL (411) and Tuscaloosa, AL (4).
| Mortgage Company & Address | First National Bank of Jasper Po Box 31 Jasper, AL 35502 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 461 |
| Total Mortgage Loan Application Amount | $19,063,000 |
| Average Mortgage Loan Application Amount | $41,351 |
| Highest Mortgage Loan Application Amount | $446,000 |
| Average Applicant Income | $57,386 |
| Highest Applicant Income | $425,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First National Bank of Jasper filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Birmingham-Hoover, AL | 411 | $ 16,203,000 | $ 39,423 | $ 46,000 |
| Tuscaloosa, AL | 4 | $ 91,000 | $ 22,750 | $ 47,000 |
Mortgage Loan Application Detail Totals for First National Bank of Jasper in 2005
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 | 254 | $8,039,000 | $31,000 | $315,000 | $44,000 | $425,000 |
| Refinancing | 159 | $9,844,000 | $61,000 | $446,000 | $81,000 | $415,000 |
| Home Improvement | 48 | $1,180,000 | $24,000 | $90,000 | $50,000 | $197,000 |
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 | 430 | $17,879,000 | $41,000 | $446,000 | $55,000 | $425,000 |
| Black or African American | 18 | $355,000 | $19,000 | $47,000 | $34,000 | $59,000 |
| Hispanic | 5 | $173,000 | $34,000 | $62,000 | $64,000 | $144,000 |
| Not applicable | 3 | $263,000 | $87,000 | $140,000 | $77,000 | $185,000 |
| Not Provided | 2 | $60,000 | $30,000 | $35,000 | $51,000 | $72,000 |
| Asian | 2 | $153,000 | $76,000 | $100,000 | $46,000 | $60,000 |
| American Indian or Alaskan Native | 1 | $180,000 | $180,000 | $180,000 | $415,000 | $415,000 |
| 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) | 461 | $19,063,000 | $41,000 | $446,000 | $59,000 | $425,000 |
| 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 | 317 | $15,017,000 | $47,000 | $446,000 | $79,000 | $425,000 |
| Application Denied By Financial Institution | 109 | $2,749,000 | $25,000 | $100,000 | $42,000 | $197,000 |
| Application Approved But Not Accepted | 22 | $816,000 | $37,000 | $125,000 | $47,000 | $96,000 |
| File Closed For Incompleteness | 7 | $299,000 | $42,000 | $102,000 | $50,000 | $139,000 |
| Application Withdrawn By Applicant | 6 | $182,000 | $30,000 | $81,000 | $41,000 | $73,000 |
| 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 | 90 | $2,239,000 | $24,000 | $85,000 | $44,000 | $197,000 |
| Debt-To-Income Ratio | 10 | $206,000 | $20,000 | $62,000 | $44,000 | $75,000 |
| Other | 4 | $160,000 | $40,000 | $100,000 | $62,000 | $107,000 |
| Collateral | 3 | $90,000 | $30,000 | $36,000 | $22,000 | $29,000 |
| Credit Application Incomplete | 1 | $20,000 | $20,000 | $20,000 | $16,000 | $16,000 |
| Employment History | 1 | $34,000 | $34,000 | $34,000 | $47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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 Bank of Jasper's 2005 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 Bank of Jasper'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 Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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