First St Bk & Tst of Valdosta Mortgage Lending & HMDA Data, 2008
In 2008, First St Bk & Tst of Valdosta of Valdosta, GA reported 214 mortgage applications totaling $30.6 million, up 10% from 2007. The average application was for $143,163, and applicants reported an average income of $113,004. 90% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Valdosta, GA (181), Jacksonville, FL (3) and Atlanta-Sandy Springs-Marietta, 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 | 214 |
| Total Mortgage Loan Application Amount | $30,637,000 |
| Average Mortgage Loan Application Amount | $143,163 |
| Highest Mortgage Loan Application Amount | $1,389,000 |
| Average Applicant Income | $113,004 |
| Highest Applicant Income | $2,352,000 |
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records First St Bk & Tst of Valdosta filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 167 | $ 23,099,000 | $ 138,317 | $ 115,000 |
| Echols, Georgia | 8 | $ 250,000 | $ 31,250 | $ 41,000 |
| Berrien, Georgia | 6 | $ 411,000 | $ 68,500 | $ 63,000 |
| Walton, Florida | 4 | $ 1,022,000 | $ 255,500 | $ 22,000 |
| Brooks, Georgia | 4 | $ 192,000 | $ 48,000 | $ 168,000 |
| Cook, Georgia | 4 | $ 307,000 | $ 76,750 | $ 65,000 |
| Nassau, Florida | 2 | $ 298,000 | $ 149,000 | $ 210,000 |
| Cobb, Georgia | 2 | $ 450,000 | $ 225,000 | $ 111,000 |
| Lanier, Georgia | 2 | $ 79,000 | $ 39,500 | $ 24,000 |
| Talladega, Alabama | 1 | $ 275,000 | $ 275,000 | $ 278,000 |
| Duval, Florida | 1 | $ 6,000 | $ 6,000 | $ 160,000 |
| Franklin, Florida | 1 | $ 1,095,000 | $ 1,095,000 | $ 642,000 |
| Hamilton, Florida | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Madison, Florida | 1 | $ 383,000 | $ 383,000 | $ 108,000 |
| Marion, Florida | 1 | $ 569,000 | $ 569,000 | $ 95,000 |
| Osceola, Florida | 1 | $ 532,000 | $ 532,000 | $ 314,000 |
| Appling, Georgia | 1 | $ 7,000 | $ 7,000 | $ 35,000 |
| Camden, Georgia | 1 | $ 317,000 | $ 317,000 | $ 82,000 |
| Decatur, Georgia | 1 | $ 222,000 | $ 222,000 | $ 271,000 |
| Emanuel, Georgia | 1 | $ 120,000 | $ 120,000 | $ 30,000 |
| Houston, Georgia | 1 | $ 168,000 | $ 168,000 | $ 0 |
| Thomas, Georgia | 1 | $ 19,000 | $ 19,000 | $ 82,000 |
| Macon, North Carolina | 1 | $ 490,000 | $ 490,000 | $ 200,000 |
| Sevier, Tennessee | 1 | $ 151,000 | $ 151,000 | $ 327,000 |
Mortgage Loan Application Detail Totals for First St Bk & Tst of Valdosta 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 |
|---|---|---|---|---|---|---|
| Refinancing | 106 | $21,509,000 | $202,000 | $1,389,000 | $111,000 | $642,000 |
| Home Purchase | 69 | $7,171,000 | $103,000 | $410,000 | $98,000 | $949,000 |
| Home Improvement | 39 | $1,957,000 | $50,000 | $209,000 | $145,000 | $2,352,000 |
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 | 148 | $19,946,000 | $134,000 | $1,389,000 | $147,000 | $2,352,000 |
| Not applicable | 34 | $7,199,000 | $211,000 | $1,128,000 | $0 | $0 |
| Black or African American | 24 | $1,824,000 | $76,000 | $238,000 | $73,000 | $255,000 |
| Hispanic | 7 | $1,285,000 | $183,000 | $569,000 | $82,000 | $314,000 |
| American Indian or Alaskan Native | 1 | $383,000 | $383,000 | $383,000 | $108,000 | $108,000 |
| Asian | 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) | 214 | $30,637,000 | $143,000 | $1,389,000 | $113,000 | $2,352,000 |
| 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 | 192 | $29,096,000 | $151,000 | $1,389,000 | $117,000 | $2,352,000 |
| Application Denied By Financial Institution | 16 | $916,000 | $57,000 | $238,000 | $39,000 | $98,000 |
| Application Approved But Not Accepted | 6 | $625,000 | $104,000 | $313,000 | $182,000 | $559,000 |
| 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 | $284,000 | $31,000 | $68,000 | $40,000 | $98,000 |
| Debt-To-Income Ratio | 7 | $632,000 | $90,000 | $238,000 | $36,000 | $74,000 |
| 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 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 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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