First St Bk & Tst of Valdosta Mortgage Lending & HMDA Data, 2005
In 2005, First St Bk & Tst of Valdosta of Valdosta, GA reported 179 mortgage applications totaling $34.2 million, down 12% from 2004. The average application was for $191,256, and applicants reported an average income of $68,379. 92% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Valdosta, GA (156), Brunswick, GA (1) and Greensboro-High Point, NC (1) (applications in parentheses).
| Mortgage Company & Address | First St Bk & Tst of Valdosta Po Box 4810 Valdosta, GA 31604 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 179 |
| Total Mortgage Loan Application Amount | $34,235,000 |
| Average Mortgage Loan Application Amount | $191,256 |
| Highest Mortgage Loan Application Amount | $3,528,000 |
| Average Applicant Income | $68,379 |
| Highest Applicant Income | $838,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First St Bk & Tst of Valdosta filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lowndes, Georgia | 144 | $ 12,387,000 | $ 86,020 | $ 44,000 |
| Echols, Georgia | 8 | $ 127,000 | $ 15,875 | $ 51,000 |
| Berrien, Georgia | 6 | $ 293,000 | $ 48,833 | $ 54,000 |
| Brooks, Georgia | 4 | $ 206,000 | $ 51,500 | $ 104,000 |
| Franklin, Florida | 2 | $ 1,510,000 | $ 755,000 | $ 327,000 |
| Hamilton, Florida | 1 | $ 35,000 | $ 35,000 | $ 180,000 |
| Marion, Florida | 1 | $ 625,000 | $ 625,000 | $ 96,000 |
| Nassau, Florida | 1 | $ 340,000 | $ 340,000 | $ 42,000 |
| Taylor, Florida | 1 | $ 400,000 | $ 400,000 | $ 400,000 |
| Bibb, Georgia | 1 | $ 2,075,000 | $ 2,075,000 | $ 0 |
| Cook, Georgia | 1 | $ 36,000 | $ 36,000 | $ 475,000 |
| Glynn, Georgia | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Rabun, Georgia | 1 | $ 775,000 | $ 775,000 | $ 0 |
| Washington, Georgia | 1 | $ 8,000 | $ 8,000 | $ 40,000 |
| Forsyth, North Carolina | 1 | $ 3,510,000 | $ 3,510,000 | $ 0 |
| Randolph, North Carolina | 1 | $ 3,528,000 | $ 3,528,000 | $ 0 |
| Aiken, South Carolina | 1 | $ 2,847,000 | $ 2,847,000 | $ 0 |
| Franklin, Tennessee | 1 | $ 2,000,000 | $ 2,000,000 | $ 0 |
| Loudon, Tennessee | 1 | $ 1,084,000 | $ 1,084,000 | $ 0 |
| Maury, Tennessee | 1 | $ 2,104,000 | $ 2,104,000 | $ 0 |
Mortgage Loan Application Detail Totals for First St Bk & Tst of Valdosta 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 | 89 | $10,065,000 | $278,000 | $625,000 | $131,500 | $838,000 |
| Refinancing | 46 | $23,442,000 | $1,806,000 | $3,528,000 | $74,400 | $500,000 |
| Home Improvement | 44 | $728,000 | $25,500 | $129,000 | $112,500 | $300,000 |
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 | 114 | $10,216,000 | $264,500 | $975,000 | $165,000 | $838,000 |
| Not applicable | 47 | $23,124,000 | $2,072,750 | $3,528,000 | $0 | $0 |
| Black or African American | 13 | $193,000 | $14,000 | $45,000 | $38,000 | $191,000 |
| Hispanic | 3 | $655,000 | $320,000 | $625,000 | $66,000 | $96,000 |
| Asian | 2 | $47,000 | $23,000 | $25,000 | $67,000 | $76,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 179 | $34,235,000 | $1,735,400 | $3,528,000 | $53,200 | $838,000 |
| 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 | 164 | $33,849,000 | $1,736,800 | $3,528,000 | $54,800 | $838,000 |
| Application Denied By Financial Institution | 13 | $351,000 | $27,000 | $175,000 | $42,000 | $112,000 |
| Application Approved But Not Accepted | 2 | $35,000 | $17,000 | $25,000 | $48,000 | $76,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 10 | $160,000 | $16,000 | $69,000 | $31,000 | $80,000 |
| Debt-To-Income Ratio | 3 | $191,000 | $63,000 | $175,000 | $70,000 | $112,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First St Bk & Tst of Valdosta'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 St Bk & Tst of Valdosta'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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