First Savers Bank Mortgage Lending & HMDA Data, 2008
In 2008, First Savers Bank of Greenville, SC reported 424 mortgage applications totaling $92.9 million, down 9% from 2007. The average application was for $219,084, and applicants reported an average income of $117,415. 66% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Greenville-Mauldin-Easley, SC (184), Anderson, SC (63) and Charleston-North Charleston-Summerville, SC (33) (applications in parentheses).
| Mortgage Company & Address | First Savers Bank 935 South Main Street, Greenville, SC 29601 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 424 |
| Total Mortgage Loan Application Amount | $92,892,000 |
| Average Mortgage Loan Application Amount | $219,084 |
| Highest Mortgage Loan Application Amount | $1,507,000 |
| Average Applicant Income | $117,415 |
| Highest Applicant Income | $3,121,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Savers Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Greenville-Mauldin-Easley, SC | 184 | $ 37,565,000 | $ 204,157 | $ 99,000 |
| Anderson, SC | 63 | $ 13,049,000 | $ 207,126 | $ 133,000 |
| Charleston-North Charleston-Summerville, SC | 33 | $ 11,961,000 | $ 362,454 | $ 177,000 |
| Columbia, SC | 16 | $ 3,811,000 | $ 238,187 | $ 120,000 |
| Spartanburg, SC | 16 | $ 3,266,000 | $ 204,125 | $ 81,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 312,000 | $ 156,000 | $ 70,500 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 2 | $ 300,000 | $ 150,000 | $ 141,000 |
| Asheville, NC | 1 | $ 208,000 | $ 208,000 | $ 205,000 |
| Birmingham-Hoover, AL | 1 | $ 320,000 | $ 320,000 | $ 150,000 |
| Brunswick, GA | 1 | $ 796,000 | $ 796,000 | $ 3,121,000 |
| Durham, NC | 1 | $ 184,000 | $ 184,000 | $ 58,000 |
| Panama City-Lynn Haven, FL | 1 | $ 269,000 | $ 269,000 | $ 189,000 |
| Raleigh-Cary, NC | 1 | $ 140,000 | $ 140,000 | $ 37,000 |
| Roanoke, VA | 1 | $ 291,000 | $ 291,000 | $ 63,000 |
| Savannah, GA | 1 | $ 213,000 | $ 213,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for First Savers Bank 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 | 222 | $47,770,000 | $215,000 | $1,064,000 | $127,000 | $3,121,000 |
| Refinancing | 201 | $44,847,000 | $223,000 | $1,507,000 | $107,000 | $927,000 |
| Home Improvement | 1 | $275,000 | $275,000 | $275,000 | $83,000 | $83,000 |
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 | 399 | $87,918,000 | $220,000 | $1,507,000 | $120,000 | $3,121,000 |
| Asian | 12 | $2,297,000 | $191,000 | $417,000 | $105,000 | $362,000 |
| Black or African American | 9 | $2,196,000 | $244,000 | $900,000 | $84,000 | $128,000 |
| Hispanic | 3 | $400,000 | $133,000 | $193,000 | $23,000 | $39,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $81,000 | $81,000 | $81,000 | $31,000 | $31,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 400 | $89,433,000 | $223,000 | $1,507,000 | $122,000 | $3,121,000 |
| FHA-insured (Federal Housing Administration) | 17 | $2,058,000 | $121,000 | $178,000 | $46,000 | $104,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,121,000 | $224,000 | $306,000 | $76,000 | $103,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $280,000 | $140,000 | $168,000 | $46,000 | $61,000 |
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 | 280 | $60,662,000 | $216,000 | $1,100,000 | $129,000 | $3,121,000 |
| Application Denied By Financial Institution | 63 | $15,359,000 | $243,000 | $938,000 | $104,000 | $432,000 |
| Application Withdrawn By Applicant | 40 | $9,881,000 | $247,000 | $1,507,000 | $105,000 | $480,000 |
| Preapproval Denied by Financial Institution | 14 | $1,822,000 | $130,000 | $300,000 | $46,000 | $137,000 |
| Preapproval Approved but not Accepted | 10 | $1,520,000 | $152,000 | $394,000 | $61,000 | $166,000 |
| Application Approved But Not Accepted | 7 | $1,677,000 | $239,000 | $665,000 | $134,000 | $311,000 |
| File Closed For Incompleteness | 7 | $1,226,000 | $175,000 | $375,000 | $57,000 | $83,000 |
| Loan Purchased By The Institution | 3 | $745,000 | $248,000 | $368,000 | $97,000 | $163,000 |
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 Application Incomplete | 18 | $5,068,000 | $281,000 | $938,000 | $122,000 | $371,000 |
| Credit History | 16 | $2,095,000 | $130,000 | $333,000 | $60,000 | $181,000 |
| Debt-To-Income Ratio | 15 | $4,746,000 | $316,000 | $900,000 | $56,000 | $123,000 |
| Collateral | 14 | $2,876,000 | $205,000 | $417,000 | $103,000 | $432,000 |
| Other | 10 | $1,444,000 | $144,000 | $292,000 | $146,000 | $303,000 |
| Employment History | 2 | $439,000 | $219,000 | $250,000 | $38,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $513,000 | $256,000 | $333,000 | $111,000 | $128,000 |
| 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 Savers Bank'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 Savers Bank'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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