First St Bk & Tst of Valdosta Mortgage Lending & HMDA Data, 2007
In 2007, First St Bk & Tst of Valdosta of Valdosta, GA reported 194 mortgage applications totaling $36.9 million, down 8% from 2006. The average application was for $190,154, and applicants reported an average income of $115,283. 89% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Valdosta, GA (162), Jacksonville, FL (3) and Athens-Clarke County, GA (2) (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 | 194 |
| Total Mortgage Loan Application Amount | $36,890,000 |
| Average Mortgage Loan Application Amount | $190,154 |
| Highest Mortgage Loan Application Amount | $4,931,000 |
| Average Applicant Income | $115,283 |
| Highest Applicant Income | $2,400,000 |
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records First St Bk & Tst of Valdosta filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 147 | $ 26,208,000 | $ 178,285 | $ 80,000 |
| Echols, Georgia | 7 | $ 259,000 | $ 37,000 | $ 35,000 |
| Sevier, Tennessee | 6 | $ 1,107,000 | $ 184,500 | $ 451,000 |
| Brooks, Georgia | 4 | $ 421,000 | $ 105,250 | $ 334,000 |
| Lanier, Georgia | 4 | $ 226,000 | $ 56,500 | $ 39,000 |
| Hamilton, Florida | 3 | $ 751,000 | $ 250,333 | $ 104,000 |
| Nassau, Florida | 3 | $ 2,131,000 | $ 710,333 | $ 960,000 |
| Berrien, Georgia | 3 | $ 161,000 | $ 53,666 | $ 25,000 |
| Clarke, Georgia | 2 | $ 368,000 | $ 184,000 | $ 150,000 |
| Colquitt, Georgia | 2 | $ 157,000 | $ 78,500 | $ 79,000 |
| Cook, Georgia | 2 | $ 98,000 | $ 49,000 | $ 26,000 |
| Talladega, Alabama | 1 | $ 280,000 | $ 280,000 | $ 327,000 |
| Bay, Florida | 1 | $ 612,000 | $ 612,000 | $ 213,000 |
| Leon, Florida | 1 | $ 169,000 | $ 169,000 | $ 252,000 |
| Madison, Florida | 1 | $ 218,000 | $ 218,000 | $ 152,000 |
| Walton, Florida | 1 | $ 53,000 | $ 53,000 | $ 900,000 |
| Ben Hill, Georgia | 1 | $ 1,400,000 | $ 1,400,000 | $ 0 |
| Bibb, Georgia | 1 | $ 136,000 | $ 136,000 | $ 25,000 |
| Cobb, Georgia | 1 | $ 1,403,000 | $ 1,403,000 | $ 550,000 |
| Coffee, Georgia | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Fulton, Georgia | 1 | $ 323,000 | $ 323,000 | $ 0 |
| Williamson, Tennessee | 1 | $ 159,000 | $ 159,000 | $ 77,000 |
Mortgage Loan Application Detail Totals for First St Bk & Tst of Valdosta in 2007
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 |
|---|---|---|---|---|---|---|
| Refinancing | 82 | $16,122,000 | $196,000 | $3,352,000 | $84,000 | $1,094,000 |
| Home Purchase | 77 | $19,592,000 | $254,000 | $4,931,000 | $171,000 | $2,400,000 |
| Home Improvement | 35 | $1,176,000 | $33,000 | $178,000 | $66,000 | $348,000 |
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 | 132 | $17,619,000 | $133,000 | $1,335,000 | $151,000 | $2,400,000 |
| Not applicable | 36 | $16,380,000 | $455,000 | $4,931,000 | $0 | $0 |
| Black or African American | 20 | $2,072,000 | $103,000 | $1,403,000 | $112,000 | $550,000 |
| Hispanic | 2 | $31,000 | $15,000 | $21,000 | $22,000 | $24,000 |
| American Indian or Alaskan Native | 2 | $680,000 | $340,000 | $645,000 | $61,000 | $97,000 |
| Asian | 1 | $31,000 | $31,000 | $31,000 | $50,000 | $50,000 |
| Not Provided | 1 | $77,000 | $77,000 | $77,000 | $80,000 | $80,000 |
| 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) | 194 | $36,890,000 | $190,000 | $4,931,000 | $116,000 | $2,400,000 |
| 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 | 173 | $36,156,000 | $208,000 | $4,931,000 | $125,000 | $2,400,000 |
| Application Denied By Financial Institution | 17 | $613,000 | $36,000 | $120,000 | $39,000 | $95,000 |
| Application Approved But Not Accepted | 4 | $121,000 | $30,000 | $63,000 | $39,000 | $53,000 |
| 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 | 9 | $309,000 | $34,000 | $120,000 | $39,000 | $95,000 |
| Debt-To-Income Ratio | 8 | $304,000 | $38,000 | $95,000 | $40,000 | $80,000 |
| 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 2007 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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